CC - 1983-35 - Issuance by Redevelopment Agency2,037-24/860
7/22/83
RESOLUTION NO. 83-35
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ROSEMEAD, CALIFORNIA, APPROVING THE ISSUANCE
BY THE ROSEMEAD REDEVELOPMENT AGENCY OF ITS
$7,200,000 PROJECT AREA NO. 1, 1983 TAX
ALLOCATION NOTES, 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 No. 83-25 on
June 21, 1983, entitled:
"RESOLUTION OF THE ROSEMEAD REDEVELOPMENT
AGENCY AMENDING RESOLUTION NO. 83-9 AND
AUTHORIZING THE ISSUANCE OF $7,200,000 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", which was amended on July 19, 1983, pursuant to
Resolution No. 83-32; and
WHEREAS, under and pursuant to the above Resolution, the Agency has
authorized the issuance of $7,200,000 Rosemead Redevelopment Agency, Project
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Area No. 1, 1983 Tax Allocation Notes (the "Notes"), and has prior to this date
awarded the Notes to the successful bidder therefor.
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 $7,200,000 of "Rosemead Redevelopment Agency, Project
Area No. 1, 1983 Tax Allocation Notes", 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. The City Council hereby approves the award of the Notes to
the successful bidder therefor as approved by the Agency pursuant to Resolution
No. 83-33 dated July 19, 1983.
Section 2. Effective Date. This Resolution shall take effect upon
adoption.
PASSED, APPROVED AND ADOPTED this 9th day of
August , 1983.
Mayor of the City of Rosemead,
California
(SEAL)
ATTEST:
City Clerk of the GArt'Y'.102-d
Rosemead, California
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STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
CITY OF ROSEMEAD
0
CITY CLERK'S CERTIFICATE
) ss. RE ADOPTION OF RESOLUTION
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 of said City Council held
on the 9th day of August , 1983 and that the same was passed and
adopted by the following vote to wit:
AYES: Councilmembers Cichy, Imperial. Taylor, jury
and hIayor Cleveland
NOES: Councilmembers None
ABSENT: Councilmembers None
ABSTAIN: Councilmembers None
(SEAL)
City Clerk of the ty of
Rosemead, California
STATE OF CALIFORNIA ) CITY CLERK'S CERTIFICATE
COUNTY OF LOS ANGELES ) ss. OF AUTHENTICATION
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 Resolution No. 83-35 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.
D~ J el _
City Clerk of the Ci _
of
Rosemead, California
(SEAL)
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