HomeMy WebLinkAboutReso. 1985 - 095 - Approving resolution no. 85-1 of the redding redevelopement agency authorizing the issuance and prescribing the terms /11 411
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RESOLUTION NO. '`7 "� '`
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
APPROVING RESOLUTION NO. 85-1 OF THE REDDING REDEVELOPMENT
AGENCY AUTHORIZING THE ISSUANCE AND PRESCRIBING THE TERMS,
CONDITIONS AND FORM OF NOT TO EXCEED $12 , 000 , 000 PRINCIPAL
AMOUNT OF REDDING REDEVELOPMENT AGENCY CANBY/HILLTOP/CYPRESS
REDEVELOPMENT PROJECT TAX ALLOCATION BONDS, SERIES A.
WHEREAS, the Redding Redevelopment Agency (the "Agency" ) has
adopted its Resolution No. 85-1 authorizing the issuance of its
Canby/Hilltop/Cypress Redevelopment Project Tax Allocation Bonds,
Series A (the "Bonds") on the same date as the adoption of this
resolution of the City Council of the City of Redding (the
"City") ; and
WHEREAS, in compliance with the requirements of the Commun-
ity Redevelopment Law of the State of California, the City
Council of the City wishes to confirm and approve the adoption of
said resolution of the Agency and the issuance of the Bonds
thereunder;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Redding, as follows :
Section 1 . The City Council hereby approves, ratifies ,
confirms and authorizes in all respects the adoption of Resolu-
tion No. 85-1 of the Redding Redevelopment Agency authorizing the
issuance and prescribing the terms, conditions and form of not to
exceed $12, 000 , 000 principal amount of Redding Redevelopment
Agency Canby/Hilltop/Cypress Redevelopment Project Tax Allocation
Bonds, Series A, and the authorization, issuance, sale and
delivery of the Bonds.
y rP 110 . .
Section 2 . This resolution shall take effect immediately
upon its adoption.
I HEREBY CERTIFY that the foregoing resolution was intro-
duced and read at a regular meeting of the City Council of the
City of Redding on the 20th day of May , 1985 , and
was duly adopted at said meeting by the following vote:
AYES: COUNCIL MEMBERS: Demsher, Fulton, Gard, & Pugh
NOES: COUNCIL MEMBERS : None
ABSENT: COUNCIL MEMBERS: Kirkpatrick
ABSTAIN: COUNCIL MEMBERS : None
Cf
v. J 7:, , s..pt,(1:11 . 0' ,A �� _-1 ,ori.
BARBARA ALLEN GOD, Vice Mayo;r
City of Redding
ATTEST:.,
/ETHEL A. NICHOLS, City Clerk;',' /7
''by Connie Strohmayer, Deputy
FORM APPROVED:
RA7DALL A. HAYS,` City Attorney
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