HomeMy WebLinkAboutReso 2003-144RESOLUTION NO. 2003-144
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA PURSUANT TO SECTION 147(F) OF THE
INTERNAL REVENUE CODE OF 1986 APPROVING THE
ISSUANCE OF BONDS BY THE HOUSING AUTHORITY OF
THE CITY OF CHULA VISTA FOR THE RANCHO VISTA
APARTMENTS AT EASTLAKE
WHEREAS, the Housing Authority of the City of Chula Vista (the "Authority") proposes
to issue up to $12,000,000 aggregate principal amount of multifamily housing revenue bonds to
finance a proposed multifamily rental housing project of approximately 150 units located on the
east side of furore Eastlake Parkway, approximately 3,000 feet south of Clubhouse Drive in the
Eastlake Greens Planned Community, in the City of Chula Vista described in the form of notice
of public hearing attached as Exhibit A hereto (the "Project"); and
WHEREAS, in order for interest on the bonds to be tax-exempt, Section 147(0 of the
Internal Revenue Code of 1986 requires that the bonds be approved by the City Council as the
applicable elected representative after a public hearing following reasonable public notice; and
WHEREAS, notice of a public hearing with respect to the proposed issuance of the bonds
was published in a newspaper of general circulation in the City on March 21, 2003; and
WHEREAS, the hearing was held on April 8, 2003, and an oppommity was provided for
interested persons to express their views on the issuance of the bonds and on the nature and
location of the Project.
NOW THEREFORE,BE IT RESOLVED, by the City Council of the City of Chula Vista
that this City Council, as the applicable elected representatives under Section 147(0 of the Code,
approves the issuance of the bonds by the Authority.
Presented by
Approved as to form by
pment Director
Ann Moore
City Attorney
Resolution 2003-144
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 8th day of April, 2003, by the following vote:
ATFEST:
Councilmembers:
Councilmembers:
Councilmembers:
AYES:
NAYS:
ABSENT:
Davis, Rindone, Salas, McCann and Padilla
None
None
Stephe?~
su w, it/y
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2003-144 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 8th day of April, 2003.
Executed this 8th day of April, 2003.
Sus~Bi~w, (Si(C10~erk ~&
PROOF OF PUBLICATION This space is for the County Cterk's filing stamp.
(2015.5 C.C.P)
STATE OF CALIFORNIA,
County of San Diego:
I am a citizen of the United States and a resident
of the county aforesaid; I am over the age of
eighteen years, and not a party to or interested in
the above-entitled matter. I am the principle clerk
of the printer of THE STAR-NEWS, a newspaper
of general circulation, published ONCE WEEKLY
in the city of CHULA VISTA and the South Bay
Judicial District, County of San Diego, which
newspaper has been adjudged a newspaper of
general circulation by the Superior Court of the
County of San Diego, State of California, under
the date of January 18, 1973, Case Number
71752; that the notice, of which the annexed is a
printed copy (set in type not smaller than non-
pareil), has been published in each regular and
entire issue of said newspaper and not in any
supplement thereof on the following dates, to-wit:
3/21
all in the year '2003.
I certify (or declare) under penalty of perjury
that the foregoing is true and correct.
Dated at Chula Vista, California 91910
this 21 st day of March 2003.
Proof of Publication of
CV18643
Public Hearing
CiTY OF CH~ VISTA
NOTICE OF PUBLIC
HEARING REGARDING
ISSUANCEOF
MULTIFAMiLY HOUSING
REVENUE BONDS
NOTICE IS HEREBY OIV~
EN that, at its regular
rnc~ting to he held at 6:00
J).m. on Tuesday, April 5;
ii.l~003¥at the. (~!~j {~unell
Chula Vista located ~ 276
Fourth Avenae; ~ula Vis-
ta, California 9t91oi the
~ ~ C0uncil 0f the City of
i Chuia Vista will e0odUCt a
phbiic headng as requ!red
oY SectiOn 147(f) Of the able
Intarnal Revenue~ Cede of
1986, as ;amended, at
Which it wlil hear and con-
itlf0rmation con-
~e made avail-
Signature
ss "Rancho Vista
at EasUake"
on 825 gross
d [ocat-
m:l ~ tt'a e
contac~ Lellani
ComhYunity 'Oevelepment
Spt~cialist, of the City of
sue Chu~a ~/ista, at 619 585-
5722.
Susan Bieglow
Cit7 Clerk of the
City of Chuia Vista
DATED: Ma~ch ~5, 2003
CV!8643' 3/21/03
exceed 50 percent Of the ~/:~
median Income for the
San Diego, California
mary mstrnPO~ ~s-
ti~M Area or al~rnaUvelv,