HomeMy WebLinkAboutReso 2001-107 - Redding School District CITY COUNCIL RESOLUTION NO. c?CO/- /0 7
A RESOLUTION APPROVING THE REDDING REDEVELOPMENT
AGENCY 2001 LEASE REVENUE BONDS (REDDING SCHOOL
DISTRICT PROJECTS)
WHEREAS, pursuant to a resolution adopted on July 3, 2001 (the "Agency
Resolution"), the Redding Redevelopment Agency (the "Agency") has determined to issue and
sell not to exceed seven million five hundred thousand dollars ($7,500,000) aggregate principal
amount of its 2001 Lease Revenue Bonds (Redding School District Projects) (the "Bonds") in
accordance with the California Community Redevelopment Law and a trust agreement, dated as
of August 1, 2001, between the Agency and U.S. Bank Trust National Association, as trustee to
provide funds to aid in financing certain redevelopment projects for the benefit of the Redding
School District;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Redding as follows:
Section 1. The issuance and sale of the Bonds by the Agency, as authorized
by the Agency Resolution, is hereby approved.
Section 2. This Resolution shall take effect from and after its passage and
approval.
I HEREBY CERTIFY that the foregoing resolution was introduced and read at the
regular meeting of the City Council of the City of Redding on the 3rd day of July 2001 and was
duly adopted at said meeting by the following vote:
AYES: COUNCIL MEMBERS: Cibula, Kight, Pohlmeyer and Stegall
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: McGeorge
ABSTAIN: COUNCIL MEMBERS: None /1
4_,
Pat Kight, Vice yor
ATTEST: APPROVED AS TO FORM:
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DOC SSF1:537428.3