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REQUEST FOR COUNCIL ACTION Date: Ol/10/00 <br />Item No.: C-4 <br />Department Approval: Manager Reviewed Agenda Section <br />�. � �� Consent <br />Item Description: Setting Date for Annual 1�Ieeting of the Local Development Corporation <br />Background <br />The City formed a Loca1 Development Corporation in 1988 to work with HUD regarding a low <br />interest loan program at Villa Park The Corporation would be available for use in other similar <br />situations. <br />Periodically the Council needs to meet as the Corporation and to elect new officers. <br />Financial Implications <br />There are no fmancial implications as this is an organizational business item only. <br />Staff Recommendations <br />Staff is recommending that the City Council set a meeting time on January 24, 2000 before the <br />regular Council meeting. <br />Council Action <br />Motion to approve January 24, 2000 at 6: 15 p.m. as a date and time for the meeting of the Roseville <br />Loca1 Development Corporation. <br />