CC - 1979-46 - Redevelopment Agency of Project Area No 1, 1979 Tax Allocation notesRosemead
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RESOLUTION NO. 79-46
RESOLUTION OF THE CITY CObNCIL OF THE
CITY OF ROSEMEAD, CALIFORNIA, APPROVING
THE ISSUANCE BY THE ROSEMEAD REDEVELOPMENT
AGENCY OF ITS PROJECT AREA NO. 1, 1979 TAX
ALLOCATION NOTES, FOR ITS CORPORATE
PURPOSES
WHEREAS, the Rosemead Redevelopment Agency (the
"Agency"), is a redevelopment agency (a public body, corpo-
rate 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; and
WHEREAS, the Redevelopment Plan for Project Area
No. 1 has been adopted and approved by Ordinance No. 340
of the City of Rosemead, California (the "City"), which became
effective on July 27, 1972, and all requirements of law for
and precedent to the adoption and approval of said Redevelop-
ment Plan have been duly complied with; and
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WHEREAS, under and pursuant to appropriate
resolutions, the Agency has authorized the issuance and
sale of $3,300,000 principal amount of Rosemead Redevelop-
ment Agency, Project Area No. 1, 1979 Tax Allocation Notes
(the "Notes").
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF
ROSEMEAD, CALIFORNIA, DOES HEREBY RESOLVE, DETERMINE AND
ORDER AS FOLLOWS:
Section 1. Approval of Issuance of Notes. The
issuance of $3,300,000 principal amount of "Rosemead
Redevelopment Agency, Project Area No. 1, 1979 Tax Allocation
Notes" for the corporate purposes of the Agency to aid in
the financing of a portion of the cost of Project Area No. 1,
and for other lawful corporate purposes, is hereby authorized
and approved.
ADOPTED AND APPROVED this 24th day of July ,
1979.
[SEAL]
ATTEST:
Mayor, City) of Rosemead vCalifornia
41
City Clerk, City f Rosemead,
California
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STATE OF CALIFORNIA )
r' COUNTY OF LOS ANGELES ) ss.
t CITY OF ROSEMEAD )
Rosemead
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CITY CLERK'S CERTIFICATE
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 said City at a regualr
meeting of said City held on the 24th day of July , 1979,
and that the same was passed and adopted by the following
vote, to wit:
AYES: Members Hunter, Cichy, Imperial, Tury
and Mayor Taylor
NOES: Members None
ABSENT: Members None
ABSTAIN: Members
(SEAL]
City Clerk, City 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.79-46 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, Cit of Rosemead,
California
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