HomeMy WebLinkAbout6207_CCv0001.pdf RESOLUTION NO. 6207
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
REDLANDS APPROVING THE ISSUANCE BY THE
REDEVELOPMENT AGENCY OF THE CITY OF REDLANDS
OF ITS REDLANDS REDEVELOPMENT PROJECT 2003 TAX
ALLOCATION BONDS
WHEREAS, the Redevelopment Agency of the City of Redlands (the "Agency")
is authorized pursuant to Part 1 of Division 24 of the California Health and Safety Code
(commencing with Section 33000) (the "Act") to issue bonds for any of its corporate purposes;
and
WHEREAS, the Agency, in order to provide for the financing of a portion of
the Redlands Redevelopment Project Area (the "Project Area"), has indicated its intention to
issue up to $18,000,000 principal amount of 2003 Tax Allocation Bonds, the proceeds of
which will be used to finance redevelopment activities of the Project Area;
NOW, THEREFORE, THE CITY OF REDLANDS DOES HEREBY
RESOLVE, DETERMINE AND ORDER AS FOLLOWS:
Section 1. Approval of Financing. This City Council hereby approves the
financing of a portion of the Project, which constitutes a "redevelopment activity" as such term
is defined in the Act, by means of the issuance of up to $18,000,000 of Redlands
Redevelopment Project Area 2003 Tax Allocation Bonds one or more series.
Section 2. Effective Date, This Resolution shall take effect immediately upon
adoption.
ADOPTED SIGNED AND APPROVED this 2151 day of October, 2003.
Mayor, City of Redlands
ATTEST:
Beatrice Sanchez
Deputy City Clerk, City of Redlands
I, BEATRICE SANCHEZ, Deputy City Clerk of the City of Redlands, California, do
hereby certify that the foregoing Resolution was duly and regularly adopted by the City Council
of the city of Redlands at a regular meeting thereof held on the 215t day of October, 2003, by the
following vote:
AYES: Councilmembers Peppler, George, Harrison; Mayor Haws
NOES: Councilmember Gilbreath
ABSENT- None
ABSTAIN: None
Beatrice Sanchez, Deputy City Clerk 6Vffi'-e
City of Redlands
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