HomeMy WebLinkAboutCC Reso No 1982-78RESOLUTION N0. $Z-7$
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF LAKE ELSINORE AUTHORIZING AND DIRECTING
THE CITY MANAGER TO TRANSMIT A
SUBMISSION INFORP1ATION FORM TO THE
MORTGAGE BOND ALLOCATION COMMITTEE
THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE HEREBY FINDS, DETER-
MINES, RESOLVES AND ORDERS AS FOLLOWS:
Section l. The City Manager of the City of Lake Elsinore
is hereby authorized and directed to submit to the Mortgage
Bond Allocation Committee of the State of California the
Submission Information Form attached hereto as Exhibit A, and
to do all things and acts which are required by law or which
may be necessary or desirable to facilitate the submission of
such form and the mortgage financing contemplated thereby.
PASSED, APPROVED AND ADOPTED this 9th day of November, 1982.
(,~~ ,~ `~.,~.,,-a-~
~ J HN G. UNSWORTH, MAYOR
ATTEST:
~l,%/~~i~~~ o~~_i~~r~%~
DEBORAH A. HARRINGTON, C TY CLERK
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF LAKE ELSINORE )
I Deborah A. Harrington , City Clerk of the City of
Lake Elsinore, California, do hereby certify that the whole
number of inembers of the City Council of said City is five;
that the foregoing resolution, being Resolution No. 82-78 was
duly and regularly adopted by the City Council of said City at
a regular meeting of said Council, duly and regularly held on
the 9th day of November, and that the same was so passed and
adopted by the following vote:
AYES: KNIGHT, MACMURRAY,
NOES: NONE
ABSTAIN: NONE
ABSENT: NONE
TORN, VALENZUELA, UNSWORTH
m
~
ity Cierk, City of Lake°Elsinore, California
~ 1. Nome ond Address ol lasuer ~ ~
City of Lake Elsino're
~ 130 South Main Street ~
Lake Elsinore, California 92330
Attention: Manuel Rede ~
2. Avfhority lo~ Issoon[e o( Bonds: ~ ,
SB99/AB 1355
~
3_ Dcparlmmt Responsiblc for Adminisfrotion oi fhe Proflrom:
For Assistonce or lnfwmoi;on
CoIL• (916) 415-6361
3. Type of~Proprom• _ ~
4.Type ol Sole: Pr~vote
Pob17c XX ~ .
City Managers Office
6_ Purpose o( Bond Iswr. ~ ~ ~ .
. To provide below market rate mortgage funds to increase the
stock of affordable housing within the City. ~
7. Am«~nt of Issur. ~ . . ~ 8. Dafe of. Propoxd Sak: •
~$1 00, 000, 000 April 1983
9. Application of Bond Proceeds: - •
7
10_ Lizl all opplicoble (ecs and fee zcheduks_
4 1/2 to 7 1/2 points from developers
11. list all reserves in Bond Program:
' S1AIE 01 CAUiO(iNIA
Mortaage Bond Allocation Commit
SUBMISSION INFORMATION FORM
Debt service reserve fund
12.Lisfc:~. ,n~:nct~prooram::-'--' ' -- - • . .
100$ rrs
Standard Hazazd Insurance
Special Hazard Insurance • ~
~ - ~ ' ACri,... ._~~e .u ~,
~ . Moil to:
~xec. Sec ;H.I3.A
P.O. Box 1919
SocramcMO, CA 93809
1~. Lisl the mwme~ond toks price I
in fhe proqram:
as required by law
1 ~. G~.e a 6nel summary of all redempliomproviuons o( tfie issue:
Special Redemption
Mandatory Sinking Account Redemption
' Optional Redemption
15. H you hore appiied for o 6ond rating. Pkase qive tfw date of appi"icotion: ~ ,
~,.~~r•t ~_ Standard ond Poor': - .
1( you hoven't appli°d for a rafing, pleau 9rve the estimated doie when you plon to apply: ~
Moody's ._.____--- Standard and Poor's .~ Febr-uary ~198 3 ~
li you don't plan to apply. Pkau explain why. ~ ~ .
ib. list Ifie name ond oddron~of Bond CounseL• ~
to be selected
•_GERTIFIGATION: I cerfiFy ihal fhe~in(ormot:on prov~ded in this Submisiron InFormation form is true
and ~onect: - .
~ ~ . Cit.y Manager ~
~.7. '_ "
~ a+.~ 01 Olfc«.e~ponwb4 f« Nw Prop'wn ~~ T'~ef~
Sp~ofwe
Oa~•
I AGENUA ITE:v1 ~ ~