HomeMy WebLinkAboutReso. 1984 - 163 - Approving the issuance of $2,135,000.00 principal amount of tax allocation notes of the redevelopment agency • 411
RESOLUTION NO. , �G
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING,
CALIFORNIA, APPROVING THE ISSUANCE OF $2, 135, 000 . 00 PRINCI-
PAL AMOUNT OF TAX ALLOCATION NOTES OF THE REDEVELOPMENT
AGENCY OF THE CITY OF REDDING TO FINANCE A PORTION OF THE
COST OF A REDEVELOPMENT PROJECT IN SAID CITY KNOWN AS THE
CANBY-HILLTOP-CYPRESS REDEVELOPMENT PROJECT.
WHEREAS, the Redevelopment Agency of the City of Redding
(the "Agency") , has heretofore adopted its Resolution No. RRA
84-2, authorizing the issuance of $2 , 135 , 000. 00 principal amount
of notes of the Agency designated the "Canby-Hilltop-Cypress
Redevelopment Project Tax Allocation Notes , Series 1984" (the
"Notes" ) for the purpose of financing portions of the cost of
said Project, including, without limitation, the construction of
the Churn Creek Road-Highway 44 Overpass;
NOW, THEREFORE, the City Council of the City of Redding,
California, does hereby resolve, determine and order as follows :
Section 1 . This City Council hereby approves the issuance
of the Notes by the Agency in the principal amount and for the
purposes set forth in the recitals hereof.
Section 2. This resolution shall take effect upon 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 6th day of August , 1984 , and
was duly adopted at said meeting by the following vote:
AYES : COUNCIL MEMBERS: Demsher, Fulton, Gard, Pugh & Kirkpatrick
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
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HOWARD D. KIRKPA RICK, Mayor
City of Redding
ATTEST:
ETHEL A. NICHOLS, City Clerk
FORM APPROVED:
Cly/.
RA DALL A. HAYS, ity/Attorney
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