CC - 1978-03 - Redevelopment Project Are No 1 Tax Allocation Bonds• 0
RESOLUTION NO. 78-3
A RESOLUTION OF THE CITY COUNCIL OF THE CITY.
OF ROSEMEAD APPROVING THE ISSUANCE BY THE
ROSEMEAD REDEVELOPMENT AGENCY OF ITS REDEVELOP-
MENT PROJECT AREA NO. 1, TAX ALLOCATION BONDS,
SERIES B, FOR ITS CORPORATE PURPOSES
WHEREAS, the Rosemead Redevelopment Agency of the City of
Rosemead, California (the "Agency"), is a redevelopment agency
(a,-public body, corporate and politic) duly created, established
and authorized to transact business and exercise its powers, all
under and pursuant to the Community Redevelopment Law ( Part I
of Division 24 (commencing with Section 33000) of the Health
and Safety Code of the State of California) and the powers of
the Agency include the power to issue bonds for any of its cor-
porate purposes; and
WHEREAS, a Redevelopment Plan for a redevelopment project
known as the "Redevelopment Project Area No. 1" has been
adopted and approved by Ordinance No. 340 of the City of Rose-
mead ('.'City"), which became effective on July 27, 1972, and
all requirements of law for and precedent to the adoption and
approval of said Redevelopment Plan and the amendments thereto
have been duly complied with; and
WHEREAS, the Agency is considering the issuance and sale
of $9,930,000 Rosemead Redevelopment Agency, Redevelopment
Project Area No. 1, Tax Allocation Bonds, Series B (the"Bonds").
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ROSEMEAD
DOES HEREBY RESOLVE. DETERMINE AND ORDER AS FOLLOWS:
Section 1. Approval of I
of $9,930,000 principal amount
Redevelopment Project Area No.
B", for the corporate purposes
ized and approved.
ssuanbe'of Bonds. The issuance
of "Rosemead Redevelopment Agency,
1, Tax Allocation Bonds, Series
related thereto, is hereby author-
APPROVED AND ADOPTED this 24th day of January, 1978.
ATTEST:
City Clerk of the ty of Rosemead
71, J'
a
AYES: Councilmembers Hunter, Imperial.and Trujillo
NAYES: Councilmen Taylor and Mayor Cichy
ABSENT: None
ABSTAINED: None
City Clerk of the City of Rosemead
0
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
CITY OF ROSEMEAD
ss.
11
I, ELLEN POOCHIGIAN, City Clerk of the,City of Rosemead,
California do hereby certify that the foregoing Resolution
was duly adopted by the City Council of said'..City at a regular
meeting held on the 24th day of January, 1978, and that the same
was passed and`adopted by the following vote to wit:
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF ROSEMEAD . )
I, ELLEN POOCHIGIAN, City Clerk of the City of Rosemead,
California, do hereby certify that the above and foregoing is
a full, true and correct copy of the Resolution No. 78-3 of the
City Council of said City, and that said Resolution was adopted
at the time and by the vote stated on the above certificate, and
has not been amended or repealed.
City Clerk.of th ity of Rosemead