HomeMy WebLinkAboutResolution No. 820565P
LOS ANGELES COUNTY
STATE OF CALIFORNIA
RESOLUTION NO. 82
DRM:1cm 10/6/81
revised 12/17/81
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.A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF AZUSA AUTHORIZING THE ISSUANCE
OF RESIDENTIAL MORTGAGE REVENUE BONDS, 1981 SERIES A
WHEREAS, the Legislature of the State of California has
authorized redevelopment agencies to purchase from or make
long-term, low interest loans through qualified mortgage
lenders to finance residential construction in redevelopment
project areas in order to encourage investment in and upgrading
of such areas, and to issue bonds for the -purpose of financing
such construction; and
WIiEREAS, all acts, conditions and things required by law to
exist, happen and be performed precedent to and in connection,
with the issuance of said revenue bonds exist, have happened
and have been performed in regular and due time, form and
manner as required by law, and this Agency is now duly
empowered to issue said revenue bonds;
NOW, THEREFORE, IT IS HEREBY RESOLVED AS FOLLOWS:
ARTICLE I
STATEMENT OF AUTHORITY AND DEFINITIONS
101. Authority and Purpose. This Resolution is adopted
under authority and in accordance with the provisions of the
Act, for the purpose of facilitating the construction of high
quality, affordable single family residential dwelling units in