HomeMy WebLinkAbout4049_CCv0001.pdf RESOLUTION NO. 4049
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF REDLANDS AMENDING THE INDUCEMENT
RESOLUTION APPROVING THE FINANCING OF A
MULTIFAMILY RENTAL HOUSING PROJECT
WHEREAS, the City of Redlands ( the "City" ) is
authorized pursuant to Chapter 7 (comencing with
Section 52075) of Part 5 of Division 31 of the California
Health and Safety Code ( the "Act" ) to provide assistance in
financing multifamily residential rental housing develop-
ments within the City, and
WHEREAS, Larry Deane► Joseph Cuzzupoli and Ben C.
Deane ( the "Developer" ) , have previously requested
assistance in financing the construction of an approximately
370-unit multifamily rental housing project proposed to be
located on the northeast corner of the intersection of
Alabama Avenue and Barton Road in the City ( the "Project" ) ;
and
WHEREAS, the City, in order to encourage and foster
the construction of multifamily rental housing development
within the City and as an aid and inducement to the
Developer , evidenced its intention by its Resolution
No. 4005, adopted November 6, 1984, to issue its obligations
to provide financing for the project subject to the restric-
tions of said Resolution, the Act and all applicable
California and federal laws as they presently exist , which
Resolution recited that the Project was to contain 370
units; and
WHEREAS, the Developer wishes to increase the
number of units in the Project to 495; and has requested
that Resolution No. 4005 be amended to refer to said
increased number of units .
NOW, THEREFORE, BE IT RESOLVED, DETERMINED AND
ORDERED BY THE CITY COUNCIL OF THE CITY OF REDLANDS AS
FOLLOWS:
SECTION 1. Amendment of Resolution No. 4005
All references in Resolution No. 4005 to the Project
containing approximately 370 units are hereby amended to
provide that the approximate number of units in the Project
is 496. This amendment shall relate back to the date of
adoption of Resolution No. 4005 .
Section 2 . Effective Date. This Resolution shall
take effect immediately upon adoption.
ADOPTED this 19th day of March, 1985 .
Mayer of the City of Redian
California
ATTEST;
f
City lerk o e City of
Redlands, Ca`ii�ornia
-2-
.
I, LORRIE POYZER, City Clerk of the City of
Redlands , California, do hereby certify that the foregoing
Resolution was regularly introduced and adopted by the City
Council of the City of Redlands, California, at a regular
meeting thereof held on the 19th day of March, 1985, by the
following vote of the City Council :
AYES: Councilmen Johnson , Martinez ; Mayor Besivick
NOES: Councilman DeMirjyn
ASSENT: Councilman Larsen
ABSTAINED: None
IN WITNESS WHEREOF, I have hereunto set my hand and
affixed the official seal of the City of Redlands ,
California, this 19th day of March , 1985 .
R
City )Clerk `-o-jV1tffhe City of
Redlands, Cali4ornia
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