Loading...
CC - 1978-06 - Election Code - tax Allocation BondsJ' • 9 RESOLUTION NO 78-6 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD, CALIFORNIA, ORDERING, PURSUANT TO ELECTIONS CODE #5353 THE SUBMISSION TO THE QUALIFIED VOTERS OF SAID CITY AT THE GENERAL MUNICIPAL ELECTION TO BE HELD IN SAID CITY ON MARCH 7, 1978, AN ADVISORY PROPOSAL RELATING TO ISSUANCE OF $9,930,000 TAX ALLOCATION BONDS WHEREAS, the Legislative Body of the City of Rosemead desires to submit to the qualified voters of said City, an Advisory proposal relating to issuance of $9,930,000 of tax allocation bonds; and WHEREAS, the City Council of the City of Rosemead is thereupon authorized and directed by statute to submit the Advisory proposal to the 'qualif Ed voters; NOW, THEREFORE, the City Council of the City of Rosemead California DOES HEREBY RESOLVE, DECLARE, DETERMINE AND ORDER AS FOLLOWS: SECTION 1. That at the General Municipal Election to be held in said City on March 7; 1978, there shall be sub- mitted to the qualified voters of said City an Advisory pro- posal --hereinafter set forth relating to issuance of $9,930,000 of tax allocation bonds. SECTION 2. That the Advisory proposal submitted to the voters shall be as set forth on attachment 1 hereof, and inoorporated by reference herein: SECTION 3. That the polls for said election shall be opened at seven o'clock a. m. of the day of said election and shall remain open continously from said time until eight o'clock p; m: of the same day, when said -',polls shall be closed except as provided in Section 14301 of the Elections Code of the State of California. SECTION 4. That on the ballots to be used at said election, in addition to any other matters required by law; there "shall be printed substantially the following: ADVISORY VOTE ONLY ` i YES Shall the proposal for issuance of $9 930 000 of tax allocation bonds by the Rosemead Redevel- I NO opment Agency be approved! i ~v SECTION 5. That a cross(+) placed in the voting square after the word "YES" in the manner herinbefore pro- vided shall be counted in favor of the adoption of the proposition. A cross placed in the voting square after the. word "NO" in the manner hereinbefore provided shall be counted against the adoption of the proposition. SECTION 6. That notice of the time and Dlace of holding said election is hereby given and the City Clerk is hereby authorized, instructed and directed to give such further or additional notice of said election in time, form and manner as required by law. SECTION 7. That the City Clerk shall certify to the passage and adoption of this Resolution shall enter the same in the book of original Resolution of said City, and shall make a minute of the passage and adoption thereof in the records of the proceedings of the City Council of said City in the min- utes of the meeting at which the same is passed and adopted. SECTION 8. That this Resolution shall take effect immediately. PASSED, APPROVED AND ADOPTED this 20th day of January 1978. ATTEST: City Clerk of,the Ci y of Rosemead ,716 • • AN ADVISORY MEASURE OF THE CITY OF ROSEMEAD FOR APPROVAL OF ISSUANCE OF $9,930,000 OF TAX ALLOCATION BONDS BY THE ROSEMEAD REDEVELOPMENT AGENCY 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 1 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 corporate 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 Rosemead (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 Pro- ject Area No. 1, Tax Allocation Bonds:- Series B (the Bonds), which issuance, by law, must be approved by the'City Council. NOW, THEREFORE, the people of Rosemead do propose as follows: SECTION 1. It is the sense and advice of the people of the City of Rosemead that the City Council shall grant its consent to the issuance of $9,930,000 of tax allocation bonds by the Rosemead Redevelopment Agency. SECTION 2. This measure shall be advisory in nature only pursuant to the provisions of Section 5353 of the California Elections Code. PASSED, APPROVED AND ADOPTED this 20th day of January, 1978.