HomeMy WebLinkAboutCC Reso No 1990-005RESOLUTION NO. 90-5
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 $3,800,000 PRINCIPAL AMOUNT OF
REDEVELOPMENT AGENCY OF THE CITY OF LAKE
ELSINORE RANCHO LAGUNA REDEVELOPMENT PROJECT
AREA NO. III TAXABLE REFUNDING BOND ANTICIPATION
NOTES, 1990 SERIES
WHEREAS, the Redevelopment Agency of the City of Lake
Elsinore (the "Agency") proposes to issue its $3,800,000
principal amount of Rancho Laguna Redevelopment Project Area
No. III Taxable Refunding Sond Anticipation Notes, 1990 Series
(the "Notes"), under and pursuant to the provisions of Par~ 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 refinancing redevelopment activities
within and of benefit to the Agency's Rancho Laguna
Redevelopment Project Area II2;
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 in the 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 hereinabove described.
SECTION 2. Effective Date. This Resolution shall
take effect from and after its adoption.
PASSED, APPROVED AND ADOPTED this 13th day of
February, 1990, by the following vote:
AYES: COUNCILMEMBERS:
NOES: COUNCILMEMBERS:
ABSENT: COUNCILMEMBERS:
ABSTENTIONS: COUNCILMEMBERS:
ATTEST:
~:.~..~,~ ~
VICKI L. KASAD, C TY CLERK
BUCK, DOMINr,UEZ, STARKEY, 41INKLER
NONE
WASHBIJRN
NONE
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RED , Y PRO TEM
APPROVED AS TO FORM AND LEGALITY:
STATE flF CALIFORNIA )
COUNT~ OF RIVERSIDE ) SS:
CITY ~F 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
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of said Council on the 13th day of February, 1990, and that it
- was so adopted by the following vote:
AYES: COUNCILMEMBERS: BUCK, DOMINGUEZ, STARKEY
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: WASHBURN
ABSTAIN: COUNCILMEMBERS: WINKLER
LY E a'~SAD, CITY CL RK
CITY OF LA,K ELSINORE
(SEAL)
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. 90-5 of said Council, and that the
same has not been amended or repealed.
: Fek~uary 15, 1990
CITY OF LAK~ELSINORE
(SEAL)
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