HomeMy WebLinkAboutCC Reso No 1991-14RESOLUTION NO. 91-14
A RESOLUTION OF Tf~ CITY COUNCIL OF TI~ CITY OF I.AKE ELSINORE
APPftOVING ISSUANCE BY 7~ REDEVELOPMENT AGENCY OF THE CITY
OF LAKE ELSINORE OF NOT TO EXQEED $4,300,000 PRINCIPAL AMOUNI' OF
REDEVELOPMENT AGENCY OF THE Cl'i'Y OF I.AKE ELSINORE ItANCHO
LAGUNA REDEVELOPMENT PROJECT ARF.A NO. III TAXABLE
REF'CTNDING BOND ANrICIPATION NOTES,1991 SEItIE5
WHEREAS, the Redevelopment Agency of the City of Lake Elsinore (the "Agency")
proposes to issue its not to exceed $4,300,000 principal amount of Rancho Laguna
Redevelopment Project Area No. III Taxable Refunding Bond Anticipation Notes, 1991
Series (the "Notes"), under and pursuant to the provisions of Part 1 of Division 24
(commencing with Section 33000) of 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 (the
"Taxable Law") and other applicable laws, for the purpose of refinaacing redevelopment
activities within and of benefit to the Agency's Rancho Laguna Redevelopment Project
Area No. 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 of the issuance of the Notes as being ia the
public interests of the City of Lake Elsinore and of the Agency;
NOW, TfiER.EFORE, BE IT RESOLVID by the City Council of the City of Lake
Elsinore, as follows:
Section 1. Anorovat of IssLA~cp 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 hereinabove described.
Section 2 F.ffnctive Datp. This Resolution shall take effect from and after its
adoption.
PASSED, APPROVED AND ADOPTED this 12th day of February, 1991, by the
following vote:
AYES: COUNCILMEMBERS: BUCK, DOMINGUEZ, STARKEY, WINKLER,
WASHBURN
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS;
ABSTENTIONS: COUNCILMEMBERS,
APPROV~D AS TO FORM AND LEGALITY:
Johri Har~er, ~ity Attorney
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) SS:
CITY Of LAKE ELSINORE )
I, Vicki Lynne Kasad, City Clerk of the City of Lake Elsinore,
DO HEREBY CERTIfY 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 February, 1991, and that it was so
adopted by the following vote:
AYES: COUNCILMEMBERS: BUCK, DOMINGUEZ, STARKEY,
WINKLER, WASHBURN
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
~ ABSTAIN: COUNCILMEMBERS: NONE
YlVI\1 L11\I\L 1 YIIV~ V1
CITY OF LFlKE LSINORE
(SEAL.Z
STATE Of CALIFORNIA )
COUNTY OF RIVERSIDE ) SS:
CITY OF LAKE ELSINORE )
I, Vicki Lynne Kasad, City Clerk of the City of Lake Elsinore,
DO HEREBY CERTIFY that the above and foregoing is a full, true and
~ correct copy of Resolution No. 91-14 of said Council, and that the
same has not been amended or repealed.
ATED: February 13, 1991
I~ KaS , CITY CLERK
G;?Y G!F LFiKE EL NORE
(SEAL)