HomeMy WebLinkAboutCC Reso No 1989-48RESOLUTION NO. 89-48
A RESOLUTION OF THE CITY COUNCIL.OF
THE CITY OF LAKE ELSINORE APPROVING
ISSUANCE BY THE REDEVELOPMENT
AGENCY OF THE CITY OF LAKE ELSINORE
OF $3,500,000 PRINCIPAL AMOUNT OF
REDEVELOPMENT AGENCY OF THE CITY OF
LAKE ELSINORE RANCHO LAGUNA REDEVEL-
OPMENT PROJECT AREA N0. 3II TAXABLE
BOND ANTICIPATION NOTES, 1989 SERIES.
WHEREAS, the Redevelopment Agency of the City of Lake
Elsinore (the "Agency") proposes to issue its $3,500,000 principal
amount o£ Rancho Laguna Redevelopment Project Area No. III Taxable
Bond Anticipation Notes (the "Notes°), under and pursuant to the
provisions of Part 1 of Division 24 (commencing with Section
33000) o£ the Health and Safety Code of the State of California
(the "Law") and pursuant to the provisions of Chapter 6 of
Division 6 of Title 1(commencing with Section 5900) of the
Government Code of the State of California and other applicable
laws, for the purpose of financing redevelopment activities within.
and of benefit to the Agency's Rancho Laguna Redevelopment Project
Area III;
WHEREAS, Section 33640 of the Law requires the Agency to
obtain the approval of the City Council of the City of Lake
Elsinore prior to issuance of the Notes; and ,
WHEREAS, the City Council approves oP the issuance of the
Notes as being in hte public interests of the City of Lake
Elsinore and of the Agency;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Lake Elsinore, as follows:
SECTION 1. Approval of Issuance of Notes. The City
Council of the City of Lake Elsinore approves the issuance of the
Notes by the Redevelopment Agency of the City of Lake Elsinore, as
hereinabobe described.
SECTION 2. Effective Date. This Resolution shall take
effect from and after its adoption.
PASSED, APPROVED AND ADOPTED this 12th day of Septmber,
1989, by the following vote:
PAGE TWO - RESOLUTION N0. 89-48
AYES: COUNCILMEMBERS: BUCK, OOMIN.f.UEZ, STARKEY, 4!A.SI'BURN
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
ABSTAIN: COUNCILMEMBERS: 6~~TNKIFR
~
APPRQVFLS AS TO FORM & LEGALITY:
`~,~
JOAN R. HARPE , C TY ATTORNEY
CITY OF LAKE ELSINORE
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) SS:
CITY OF LAKE ELSINORE )
i I, Vicki Lynne Kasad, City Clerk of the City of Lake Elsinore,
-- DO HEREBY CERT2FY that the foregoing Resolution duly adopted by the
City Council of the City of Lake Elsinore at a regular meeting
of said Council on the 12th day of September, 1989, and that it was so
adopted by the following vote:
AYES: COUNCILMEMBERS: BUCK, DOMINGUEZ, STARKEY
WASHBURN
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
ABuT.AIN: COUNCILMEMBERS: WINKLER
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CITY OF LA ELSINORE
(SEAL)
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) SS:
CITY OF LAKE ELSINORE )