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HomeMy WebLinkAboutAgenda Report - August 6, 2003 D-03aCITY OF LODI COUNCIL COMMUNICATION AGENDA TITLE: Receive Lodi Area All Veterans Plaza Quarterly Payment MEETING DATE: August 6, 2003 PREPARED BY: City Clerk RECOMMENDED ACTION: That the Lodi City Council receive the quarterly payment from the All Veteran's Plaza Foundation. BACKGROUND INFORMATION: Robert Bechill, President of the All Veteran's Plaza Foundation, will be at the meeting to present the Mayor with the Lodi Area All Veterans Plaza quarterly payment. The Lodi Area All Veterans Plaza began construction on November 11, 2001. Construction of the Plaza was complete May 22, 2002. The Foundation received a $450,000.00 loan from the City of Lodi to construct the Plaza. The Foundation has committed to making quarterly payments of $10,000-00 back to the City until the loan is repaid. FUNDING: SJB/JMP None required. Susan J. Blackston City Clerk APPROVED: .01 H. 6ixon Flynn -- City Manager r .,,. � $ LODI VETERAN'S MONUMENT PH. 209-334-"73 330S. FAIRMONT AVE. STE. 1 LODI, CA 95240-3843 C,17 "o arlcg ME CHANTS 'HI BANK WFWAtk Jim 000L57Jim 1:L2L1084411: 157 X-844/1211 DATE 1,9.0 Z'o. Do 8 =- M 00 L8 S 9012