HomeMy WebLinkAboutReso. 1988-116 - Approving the financing of the evergreen facility and authorizing the execution of all necessart documentation +r_
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RESOLUTION n-0' 0
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
REDDING APPROVING THE FINANCING OF THE EVERGREEN
FACILITY AND AUTHORIZING THE EXECUTION OF ALL
NECESSARY DOCUMENTATION BETWEEN THE CITY OF REDDING
AND THE REDDING BANK OF COMMERCE.
WHEREAS, the City Council of the City of Redding has
determined that a true and very real need exists for the
Evergreen Property and Improvements at the Municipal Airport;
and
WHEREAS, the Director of Finance recommends that a loan
for the property and improvements be obtained; and
WHEREAS, it is in the best interests of the City of
Redding that said loan be acquired;
NOW, THEREFORE, BE IT RESOLVED that the City Council of
the City of Redding hereby authorizes the filing of loan
applications for the Evergreen Property and Improvements
located at the Redding Municipal Airport.
BE IT FURTHER RESOLVED that the City Manager is author-
; ized to execute said loan applications and any other neces-
sary documents to obtain the loan funds .
I HEREBY CERTIFY that the foregoing Resolution was
introduced and read at a regular meeting of the City Council
of the City of Redding on the 5th day of
April , 1988 , and was duly adopted at said meeting
by the following vote:
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AYES: COUNCIL MEMBERS: Carter , Fulton , Gard , Johannessen , & Dahl
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
Mayor
City of Redding
ATTEST:
ETHEL A. NICHOLS, City Clerk
FORM APPROVED:
RA DALL A. HAYS, C . y Attorney