CC - 1983-08 - Issuance of Rosemead Redevelopment Agency2,037-4/850
3/2/83
RESOLUTION NO. 83-8
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ROSEMEAD, CALIFORNIA, APPROVING THE ISSUANCE
BY THE ROSEMEAD REDEVELOPMENT AGENCY OF ITS
$6,800,000 PROJECT AREA NO. 1, TAX ALLOCATION
NOTES, ISSUE OF 1983, AND MAKING CERTAIN DETER-
MINATIONS RELATING THERETO
WHEREAS, the Rosemead Redevelopment Agency (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 notes for any
of its corporate purposes including the refunding of previously issued notes; and
WHEREAS, a Redevelopment Plan known as the "Redevelopment Plan
for the Project Area No. 1" has been adopted and approved by Ordinance No. 340 of
the City of Rosemead (the "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 have been duly complied with; and
WHEREAS, the Agency has adopted its Resolution entitled:
"RESOLUTION OF THE ROSEMEAD REDEVELOPMENT
AGENCY AUTHORIZING THE ISSUANCE OF $6,800,000
PRINCIPAL AMOUNT OF TAX ALLOCATION NOTES OF
SAID AGENCY TO FINANCE A PORTION OF THE COST
OF A REDEVELOPMENT PROJECT KNOWN AS PROJECT
AREA NO. 1"
; and
WHEREAS, under and pursuant to the above Resolution, the Agency has
authorized the issuance of $6,800,000 Rosemead Redevelopment Agency, Project
Area No. 1, Tax Allocation Notes, Issue of 1983 (the "Notes").
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NOW, THEREFORE, BE IT RESOLVED, DETERMINED AND ORDERED
BY THE CITY COUNCIL OF THE CITY OF ROSEMEAD, CALIFORNIA, AS
FOLLOWS:
Section 1. Approval of Issuance of Notes. The issuance of a principal
amount not in excess of $6,800,000 of "Rosemead Redevelopment Agency, Project
Area No. 1, Tax Allocation Notes, Issue of 198311, for the corporate purposes of the
Agency aiding in the financing of Project Area No. 1, and for other purposes
related thereto, including the refunding of previously issued notes, all of which
constitute a "redevelopment activity", as such term is defined in Health and Safety
Code Section 33678, is hereby authorized and approved pursuant to Health and
Safety Code Section 33640.
Section 2. Effective Date. This Resolution shall take effect upon
adoption.
PASSED, APPROVED AND ADOPTED this 8th
March . 1983.
Mayor of the City of Rosemead,
California
(SEAL)
ATTEST:
City Clerk o the City (6f
Rosemead, California
day of
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LJ
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
CITY OF ROSEMEAD
0
CITY CLERK'S CERTIFICATE
ss. RE ADOPTION OF RESOLUTION
1, 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 of said City Council held
on the 8th day of March , 1983 and that the same was passed and
adopted by the following vote to wit:
AYES: Councilmembers Cichy, Cleveland, Imperial,
Taylor and Mayor Tury
NOES: Councilmembers None
ABSENT: Councilmembers None
ABSTAIN: Councilmembers None
(SEAL)
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
CITY OF ROSEMEAD
City Clerk of the Cit of
Rosemead, California
CITY CLERK'S CERTIFICATE
) ss. OF AUTHENTICATION
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 Resolution No. 83-8 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 the ty of
Rosemead, California
(SEAL)
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