HomeMy WebLinkAboutResolution No. 94-R36RESOLUTION NO. 94—R36
A RESOLUTION OF THE BOARD OF DIRECTORS OF
THE REDEVELOPMENT AGENCY AND THE CITY
COUNCIL OF THE CITY OF AZUSA APPROVING AN
AGREEMENT FOR BOND COUNSEL SERVICES
WHEREAS, the City Council/Board of Directors of the City of Azusa and the
Redevelopment Agency of the City of Azusa (the "City/Agency") desires to restructure its
$20,450,000 Multifamily Housing Revenue Bonds (Pacific Glen Apartments Project), Series
1985, (the "Program"); and
WHEREAS, the City/Agency desires the additional services of bond counsel in
developing the restructure; and
WHEREAS, the City/Agency has determined that Orrick, Herrington and Sutcliffe
have extensive experience serving as bond counsel to public agencies and are qualified to
perform said services;
NOW, THEREFORE, BE IT RESOLVED by the City Council/Board of Directors
of the City of Azusa and the Redevelopment Agency of the City of Azusa as follows:
Section 1. Appointment of Bond Counsel. The appointment of Orrick, Herrington
and Sutcliffe as Bond Counsel for purposes of developing a bond restructure proposed to be
undertaken by the City/Agency is hereby approved, and the Mayor/Chairman is hereby
authorized and directed to execute, on behalf of the Agency and City, the agreement for Bond
Counsel substantially in the form attached hereto and incorporated herein by reference.
Section 2. Certification. The City Clerk/Secretary shall certify the adoption of this
Resolution.
APPROVED AND ADOPTED this 18t day of July 1994.
Mayor/Chairman
I HEREBY CERTIFY that the foregoing resolution was duly adopted by the City
Council/Board of Directors of the Redevelopment Agency of the City of Azusa at a regular
meeting thereof, held on the 18th day of July 1994 by the following vote
of the Council/Board:
AYES: CITY COUNCIL/BOARDMEMBERS: HARDISON, MADRID, NARANJO,
BEEBE, ALEXANDER
NOES: CITY COUNCIL/BOARDMEMBERS: NONE
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Finance Department • 213 E Foothill Blvd. • P.O. Box 1395 • Azusa, CA 91702-1395
(818)334-5125
AGENDAITEM
TO: HONORABLE CHAIRMAN AND BOARD OF DIRECTORS OF THE
REDEVELOPMENT AGENCY '
FROM: GEOFF CRAIG, DIRECTOR OF FINANCE
VIA: HENRY GARCIA, EXECUTIVE DIRECTOR
DATE: JUNE 29, 1994
SUBJECT: BUDGET ADOPTION RESOLUTION
The Board of Directors should adopt a budget for the new fiscal year by the first Monday in July
Inasmuch as that day is a national holiday this year, the Board's regular meeting will be on
Tuesday July 5. Staff recommends that the Board adopt the Budget no later than July 5. It is
appropriate to read the adoption resolution by title only, because the text of the resolution cannot
be completed in advance. The title of the adoption resolution would read as follows:
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE CITY OF
qq , � 3 AZUSA REDEVELOPMENT AGENCY ADOPTING THE BUDGET AND
APPROVING APPROPRIATIONS FOR THE REDEVELOPMENT
AGENCY FOR THE FISCAL YEAR COMMENCING JULY 1, 1994 AND
ENDING JUNE 30, 1995.
Staff recommends that the Agency pass the above resolution adopting the new budget.
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