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HomeMy WebLinkAbout200 RDA_CCv0001.pdf RESOLUTION NO. 200 RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF REDLANDS APPROVING THE ISSUANCE OF ITS REDLANDS REDEVELOPMENT PROJECT 1987 SUBORDINATE TAX ALLOCATION BONDS, A FORM OF TRUST INDENTURE AND OFFICIAL STATEMENT AND MAKING CERTAIN DETERMINATIONS RELATING THERETO WHEREAS, the Redevelopment Agency of the City of Redlands (the "Agency" ) is a redevelopment agency duly created, established and authorized to transact business and exercise its powers, all under and pursuant to the Community Redevelopment Law, being Section 33000 and following of the Health and Safety Code of the State of California ( the "Law" ) , and the powers of the Agency include the power to issue bonds for any of its corporate purposes; and WHEREAS, a redevelopment plan, known as the Rede- velopment Plan for Redlands Redevelopment Project (the "Redevelopment Plan" ) , has been adopted and approved in accordance with the Law; and WHEREAS, the Agency has determined to issue $9,385,000 aggregate principal amount of its Redlands Redevelopment Project 1987 Subordinate Tax Allocation Bonds ( the "Bonds" ) , for the purpose of financing certain public improvements (the "Project" ) located in Redlands Redevelopment Project; and WHEREAS, there has been presented at this meeting a form of Trust Indenture providing for the issuance of the Bonds and a form of Official Statement for use in marketing the Bonds . NOW, THEREFORE, BE IT RESOLVED, DETERMINED AND ORDERED BY THE REDEVELOPMENT AGENCY OF THE CITY OF REDLANDS AS FOLLOWS: Section 1. Approval of Issuance of Bonds. The issuance of $9,385,000 aggregate principal amount Redevelopment Agency of the City of Redlands, Redlands Rede- velopment Project 1987 Subordinate Tax Allocation Bonds, in order to finance certain public improvements in the Redlands Redevelopment Project and for other purposes related thereto, all of which constitute a "redevelopment activity, " as such term is defined in Health and Safety Code Section 33678, is hereby authorized and approved. Section 2 . Trust Indenture. The form of Trust Indenture dated as of April 1, 1987 by and between the Agency and Bank of America National Trust and Savings Association, as trustee (the "Indenture" ) , presented at this meeting is hereby approved and the Chairperson or Vice Chairperson and the Secretary are hereby authorized and directed, for and in the name of and on behalf of the Agency, to execute, acknowledge and deliver said Indenture in substantially the form presented at this meeting with such insubstantial changes therein as the officers executing the same may approve, such approval to be conclusively evidenced by the execution and delivery thereof. Section 3. Appointment of Trustee. Bank of America National Trust and Savings Association is hereby appointed as Trustee pursuant to the Indenture, to take any and all action provided therein to be taken by the Trustee. Section 4 . Official Statement Authorized. The Agency hereby approves the form of the Official Statement (the "Official Statement" ) prepared by Seidler-Fitzgerald Public Finance as presented to this meeting, and authorizes its distribution in connection with the sale of the Bonds. Section 5. Other Acts. The officers and staff of the Agency are hereby authorized and directed, jointly and severally, to do any and all things, to execute and deliver any and all documents, which in consultation with Bond Counsel, they may deem necessary or advisable in order to consummate the issuance, sale and delivery of the Bonds, or otherwise effectuate the purposes of this Resolution, and any and all such actions previously taken by such officers or staff members are hereby ratified and confirmed. Section 6. Effective Date. This Resolution shall take effect upon adoption. PASSED, APPROVED and ADOPTED this 17th day of March, 1987 . Chairperson of the Redevelopment Agency of the City of Redlands ATTEST: _§-ec-retary of t�4 edeveilopment Agency of the ity of Redlands -2- STATE OF CALIFORNIA } COUNTY OF SAN BERNARDINO } ss. CITY OF REDLANDS } I, LORRIE POYZER, Secretary for the Redevelopment Agency of the City of Redlands, do hereby certify that the above and foregoing Resolution was duly passed and adopted by the Redevelopment Agency of the City of Redlands at a regular meeting thereof, held on the 17th day of March, 1987 by the following vote to wit: AYES: Members Larsen, DeMirjyn, Wormser; Chairman Beswick NOES: None ABSENT: Member Johnson IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of said Agency on this 17th day of March, 1987 . Lorri Poyser retary for the Redev went Agency of the City of Redlands -3- SKH0278 1, Lorrie Poyzer, Secretary of the Redevelopment Agency of the City of Redlands, California, do hereby certify that the foregoing Resolution No. 200 was regularly introduced and adopted by the Redevelopment Agency of the City of Redlands, California, at a regular meeting thereof held on the 17th day of March, 1987, by the following vote: AYES: Members Larsen, DeMirjyn, Wormser; Chairman Beswick NOES: None ABSENT: Member Johnson ABSTAINED: None IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the Redevelopment Agency of the City of Redlands, California, this 30th day of March, 1987 . Secretary of the Redevelopment Agency of the City of Redlands, California