HomeMy WebLinkAboutReso 1985-12011 RESOLUTION NO. 12011
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA AMENDING RESOLUTION 11971 RELATING
TO THE ISSUANCE OF REVENUE BONDS FOR THE PURPOSE
OF PROVIDING FINANCING FOR A COMMERCIAL SHOPPING
FACILITY BY THE HOME DEPOT
The City Council of the City of Chula Vista does hereby resolve
as follows:
WHEREAS, the City of Chula Vista (the "City") is authorized by
provisions of Ordinance 1970 adopted by the City Council On February 9, 1982, as amended
(the "Ordinance"), to issue and sell revenue bonds for the purpose of providing f~nancing
for the construction of commercial facilities within the City; and,
WHEREAS, the City of Chula Vista has heretofore adopted its
Resolution No. 11971 on March 21, 1985, authorizing the issuance of not to exceed
$2.5 million revenue bonds for a commercial shopping facility to be developed by The
Home Depot, a Delaware Corporation (the "Developer"), to be located at the southeast
intersection of 1-805 and H Street in the City; and,
WHEREAS, the Developer has requested that the City Council amend
said resolution to authorize the issuance of such revenue bonds in the principal
amount not to exceed $3 million.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the
City of Chula Vista hereby amends Section I of Resolution No. 11971 by striking out
the phrase "Two Million Five Hundred Thousand Dollars ($2,500,000)" and ~nserting
in its place "Three Million ($3,000,000)."
Presented by Approved as to form by
Paul G Desrochers, ommuni y Thomas J. Harron, City Attorney
Development Director
ADOPTED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
CHULA VISTA, CALIFORNIA, this 7th day of May
19 85 , by the following vote, to-wit:
AYES: C0uncilmembers Moore, Scott, Cox, McCandliss
NAYES: Council members None
ABSTAIN: Council members None
ABSENT: C0unci l members Malcolm
Mayor of the(~ity~f Chula Vista
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) ss.
CITY OF CHULA VISTA )
I, JENNIE M. FULASZ, CMC, CITY CLERK of the City of Chula Vista, California,
DO HEREBY CERTIFY that the above and foregoing is o full, true and correct copy of
RESOLUTION N0. /~-m // ,and that the some has not been amended or repealed
DATED
(seal) City Clerk
CC-660