HomeMy WebLinkAboutResolution No. 78381.1019-8 JHHW:ACH:ea 11/17/85 H7106
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RESOLUTION NO. 7838
RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF AZUSA APPROVING THE ISSUANCE BY
THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA
WEST END REDEVELOPMENT PROJECT AND
CENTRAL BUSINESS DISTRICT REDEVELOPMENT PROJECT
1985 TAX ALLOCATION REFUNDING NOTES
WHEREAS, the Redevelopment Agency of the City of Azusa (the "Agency")
is a duly constituted public body, corporate and politic, established
pursuant to the Community Redevelopment Law of the State of California (the
"Law"); and
WHEREAS, pursuant to the Law, the Agency has duly authorized the
issuance of $1,100,000 principal amount of its Redevelopment Agency of the
City of Azusa West End Redevelopment Project Tax Allocation Notes, Issue of
1985, and $2,400,000 Redevelopment Agency of the City of Azusa Central
Business District Redevelopment Project Tax Allocation Notes, Issue of 1985;
and
WHEREAS, pursuant to the Law, the City Council of the City of Azusa has
reviewed said financing as proposed and wishes to declare its approval
thereof in accordance with Section 33640 of the Health and Safety Code of
the State of California;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF AZUSA
as follows:
1. The issuance by the Redevelopment Agency of the City of Azusa of
$1,100,000 principal amount of its Redevelopment Agency of the City of Azusa
West End Redevelopment Project Tax Allocation Notes, Issue of 1985, and
$2,400,000 Redevelopment Agency of the City of Azusa Central Business
District Redevelopment Project Tax Allocation Notes, Issue of 1985, is
hereby approved.
2. This Resolution shall take effect from and after the date of its
passage and adoption.
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PASSED AND ADOPTED this 16th day of December, 1985, by the following
vote:
AYES: COUNCILMEMBERS: CRUZ, COOK, CAMARENA, LATTA, MOSES
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
(SEAL)
Attest:
Cit Clerk
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