HomeMy WebLinkAbout060-91RESOLUTION NO. 60-91
APPROVING HOUSING ASSISTANCE
LOAN TO JOE CALABRIGO
WHEREAS, the Town of Danville desires to employ and maintain the highest quality
workforce possible; and
WHEREAS, the Town encourages its employees to become actively involved in the
Danville community; and
WHEREAS, one method of achieving such goals is to make housing assistance available
to key employees to enable them to secure a primary residence within the Town's
borders; and
WHEREAS, the Town desires to make such housing assistance to Joe Calabrigo, Director
of Administrative Services, in the form of a three-year, One Hundred Thousand Dollar
($100,000.00) personal property secured loan; and,
WHEREAS, such loan shall bear interest equal to the Town's investment earnings received
from the Local Agency Investment Fund; and
WHEREAS, such loan shall be immediately due and payable in the event Joe Calabrigo
sells his property located at 1875 Lamplight Court, Walnut Creek; now, therefore,
BE IT RESOLVED, by the Town Council of the Town of Danville, that the Town Manager
be, and hereby is, authorized to execute, on behalf of the Town, such loan and other
documents as are necessary and desirable to effectuate the housing assistance set forth
herein, together with such changes as may hereafter become necessary, provided such
changes do not materially increase the obligations of the Town thereunder.
ADOPTED by the Town Council of the Town of Danville at a Regular Meeting held on
Tuesday, March 19, 1991 by the following vote:
AYES: Greenberg, Lane,
NOES: Shimansky
ABSTAINED: None
ABSENT: Schlendorf
Ritchey
MAYOR
AC~~C~ST:
LERK
zCITY ATTORNEY