HomeMy WebLinkAbout4238_CCv0001.pdf RESOLUTION NO. 4238
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF REDLANDS APPROVING FINANCING OF
CERTAIN PUBLIC IMPROVEMENTS IN REDLANDS
REDEVELOPMENT PROJECT BY THE REDEVELOP-
MENT AGENCY OF THE CITY OF REDLANDS AND
MAKING CERTAIN FINDINGS IN CONNECTION
THEREWITH
WHEREAS, the Redevelopment Agency of the City of
Redlands ( the "Agency" ) is authorized pursuant to Part 1 of
Division 24 (commencing with Section 33000) of the
California Health and Safety Code (the "Act" ) to issue bonds
for any of its corporate purposes; and
WHEREAS, the Agency, in order to provide financing
for certain public improvements (the "Project" ) located in
the Redlands Redevelopment Project , has indicated its
intention to issue $9, 385, 000 aggregate principal amount of
Redlands Redevelopment Project 1987 Subordinate Tax
Allocation Bonds ( the "Bonds" ) , which Bonds would be
repayable from tax increment attributable to the Redlands
Redevelopment Project Area ( the "Project Area" ) ; and
WHEREAS, pursuant to the Act, it is necessary that
the City Council authorize the issuance of the Bonds by the
Agency.
NOW, THEREFORE, BE IT RESOLVED, DETERMINED AND
ORDERED BY THE CITY COUNCIL OF THE CITY OF REDLANDS AS
FOLLOWS:
Section 1. Approval of Financing. This City
Council hereby approves the financing of the Project and
other purposes related thereto, all of which constitute a
"redevelopment activity" as such term is defined in the Act,
by means of the issuance of not to exceed $9, 385, 000
principal amount of the Agency's Redlands Redevelopment
Project 1987 Subordinate Tax Allocation Bonds, pursuant to
the provisions and subject to the requirements of the Act .
This approval is intended to satisfy the requirements of
Health and Safety Code Section 33640 .
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Section 2. Effective Date. This Resolution shall
take effect immediately upon adoption.
APPROVED and ADOPTED this 17th day of March, 1987.
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Mayor
ATTEST:
Cl clerk of t e ity or
Redlands, Calif la
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SKH0280
STATE OF CALIFORNIA j
COUNTY OF SAN BERNARDINO j ss,
CITY OF REDLANDS j
I , LORRIE POYZER, City Clerk of the City of
Redlands, do hereby certify that the foregoing Resolution
was regularly passed and adopted by the City Council of the
City of Redlands at a regular meeting thereof, held on the
17th day of March, 1987 by the following vote of the City
Council :
AYES: Councilmembers Larsen, DeMirjyn, Johnson,
Wormser; Mayor Beswick
NOES: None
ABSENT: None
and that said resolution has not been amended, superseded or
repealed, and is in full force and effect.
IN WITNESS WHEREOF, I have hereunto set my
hand and affixed the official seal of the City of Redlands,
California, this 17th day of March, 1987 ,
try Jerk o , t
City of Redla
_3-
SKH0280
I, LORRIE POYZER, City Clerk of the City of Redlands,
California, do hereby certify that the foregoing Resolution
No. 4238 was regularly introduced and adopted by the City
Council of the City of Redlands, California, at a regular
meeting thereof held on the 17th day of March, 1987 , by the
following vote of the City Council :
AYES: Councilmembers DeMirjyn, Johnson, Larsen,
Wormser; Mayor Beswick
NOES: None
ABSENT: None
and that said resolution has not been amended, superseded or
repealed, and is in full force and effect.
IN WITNESS WHEREOF, I have hereunto set my hand and this
30th day of March, 1987 .
City Clerk
City of Redlands, California
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