HomeMy WebLinkAboutResolution No. 92-R10 0
RESOLUTION NO. 92-R1
A RESOLUTION OF THE REDEVELOPMENT AGENCY
OF THE CITY OF AZUSA APPROVING AN AGREEMENT
FOR BOND COUNSEL SERVICES
WHEREAS, the Redevelopment Agency of the City of Azusa (the "Agency")
desires to restructure its $38,350,000 Residential Mortgage Revenue Bonds, 1979 Series
A and $12,410,000 Redevelopment Agency of the City of Azusa, Single Family
Residential Mortgage Revenue Bonds (GNMA Mortgage -Backed Securities Program),
Series 1985, A (the "Program"); and
WHEREAS, the Agency has selected an investment banker and desires the
additional services of bond counsel in developing the restructure; and
WHEREAS, the Agency has determined that Best, Best and Krieger have extensive
experience serving as bond counsel to public agencies and are qualified to perform said
services;
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the
Redevelopment Agency of the City of Azusa as follows:
Section 1. Appointment of Bond Counsel. The appointment of Best, Best and
Krieger as Bond Counsel for purposes of developing a bond restructure proposed to be
undertaken by the Agency is hereby approved, and the Executive Director is hereby
authorized and directed to execute, on behalf of the Agency the agreement for Bond
Counsel substantially in the form attached hereto and incorporated herein by reference.
Section 2. Certification. The Secretary shall certify the adoption of this Resolution.
APPROVED AND ADOPTED this 6th day of January 1992
s
fir.. i .
Chairmah Pro -Tem
I HEREBY CERTIFY that the foregoing resolution was duly adopted by the Board
of Directors of the Redevelopment Agency of the City of Azusa at a regular meeting
thereof, held on the 6th. day of January 1992by the following vote of
the Board:
AYES: BOARDMEMBERS: DANGLEIS,
NOES: BOARDMEMBERS: NONE
ABSENT: BOARDMEMBERS: ALEXANDER
Secretary/
e:\agenda\bondcou n. res
STEMRICH, NARANJO, MOSES