RRA - 1995-30 - Escrow Float Agreement and Various DocumentsRESOLUTION NO. 95-30
A RESOLUTION OF THE ROSEMEAD REDEVELOPMENT AGENCY
APPROVING AN ESCROW FLOAT AGREEMENT AND VARIOUS
DOCUMENTS AND AGREEMENTS TO BE DELIVERED IN CONNECTION
THEREWITH
WHEREAS, the Rosemead Redevelopment Agency (the
"Agency") has previously authorized the issuance and sale of its
Rosemead Redevelopment Agency, Redevelopment Project No. 1 Tax
Allocation Bonds, Series 1993A a portion of the proceeds of which
were deposited in a refunding escrow (the "Refunding Escrow") to
accomplish the refunding of certain outstanding bonds of the
Agency; and
WHEREAS, the Agency now desires to achieve certain
financial advantages by investing cash resulting from maturing
federal securities held in the Refunding Escrow pursuant to the
terms and provisions of an escrow float agreement substantially
in the form presented to this meeting (the "Escrow Float
Agreement");
NOW, THEREFORE, BE IT RESOLVED by the Rosemead
Redevelopment Agency, as follows:
Section 1. The Escrow Float Agreement is hereby
approved and the officers of the Agency are authorized to execute
and deliver such certificates and agreements as may be necessary
to accomplish the financial transactions contemplated by the
Escrow Float Agreement.
Section 2. This resolution shall take effect from and
after its adoption and approval.
PASSED, APPROVED AND ADOPTED this 1995.
the
ATTEST:
3 -.-iSeciL*,t1dry of the
-RoselaeaO,.Redevelopment.Agency
LAI-118252.1
SECRETARY'S CERTIFICATE
I,Nancy Valderrama , Secretary of the Rosemead
Redevelopment Agency, do hereby certify that the foregoing
resolution is a full, true and correct copy of a resolution duly
adopted by a vote of a majority of the members of the Rosemead
Redevelopment Agency at a meeting of said Agency duly and
regularly and legally held at the City of Rosemead, California,
on 12/12 1995, of which all of such members had due notice,
as follows:
AYES: Clark, Vasquez, Bruesch, Imperial
NOES: None
ABSENT: None
ABSTAINED: Taylor
Said resolution has not been amended, modified or
rescinded since the date of its adoption and the same is now in
full force and effect.
Dated: 12/131» 1995
Y-
Secretary of the Rosemead =
Redevelopment Agency
LA1-118257.1 2