HomeMy WebLinkAboutResolution No. 97-C067RESOLUTION NO. 97-C67
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
AZUSA, CALIFORNIA APPROVING THE ISSUANCE BY THE
REDEVELOPMENT AGENCY OF THE CITY OF AZUSA OF
ITS MERGED PROJECT AREA TAX ALLOCATION
REFUNDING BONDS, 1997 SERIES A
WHEREAS, the Redevelopment Agency of the City of Azusa (the "Agency") is
authorized pursuant to of Part 1 of Division 24 of the California Health and Safety Code
(commencing with Section 33000) (the "Act") to issue bonds for any of its corporate purposes;
and
WHEREAS, the Agency, in order to provide for the financing and refinancing of
a portion of the Merged Project Area, has indicated its intention to issue up to $7,000,000
aggregate principal amount of its Merged Project Area Tax Allocation Refunding Bonds, 1997
Series A, the proceeds of which will be used to finance and refinance a portion of the Merged
Project Area; and
NOW, THEREFORE, the City Council of the City of Azusa does hereby
RESOLVE, DETERMINE AND ORDER as follows:
Section 1. Approval of Financine. This City Council hereby approves the
financing and refinancing of a portion of the Merged Project Area, which constitutes a
"redevelopment activity" as such term is defined in the Act, by means of the issuance by the
Agency of up to $7,000,000 principal amount of the Agency's Merged Project Area Tax
Allocation Refunding Bonds, 1997 Series A.
Section 2. Effective Date. This Resolution shall take effect immediately upon
adoption.
PASSED, APPROVED AND ADOPTED this 19th day of May, 1997.
Mayor oflee City of Azusa
A
City Clerk
City of Az
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STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss
CITY OF AZUSA )
I, Adolph A. Solis, City Clerk of the City of Azusa, hereby certify that the, above and
foregoing Resolution No. 97-C67 was passed and adopted at a regular meeting of said City
Council held on the 19th day of May, 1997, by the following roll call vote:
AYES:Hardison, Stanford, Rocha, Beebe, Madrid
NOES NONE
ABSENT:None
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Seal of the City of
Azusa this 19 day of May 1997.
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