HomeMy WebLinkAboutReso 1985-12003
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Jennk M. Fubsz, CiryClerK
P. 0. Box 1087
Chula V j"., C.lifornia 92012
J
319
85-375009
RESOLUTION NO. 12003
1985 GCT -9 AM 1/: O:J
I _VERt, L. LYLE '
LE,OUHTY RECORO~j
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA AMENDING RESOLUTION NO, 11602
RELATING TO ISSUANCE OF REVENUE BONDS FOR
MULTI-FAMILY RENTAL HOUSING DEVELOPMENT BY
MORGAN-GARDNER SUBDIVISION
,\10 fOr' _
The City Council of the City of Chula Vista does hereby resolve
as follows:
WHEREAS, the City of Chu 1 a Vista (the "c i ty") is authori zed by
Chapter 3.48 of the Chu 1 a Vi sta Muni ci pa 1 Code (the "Law") to issue and sell
revenue bonds for the purpose of providing financing for the construction of
multi-family rental housing structures within the City; and,
WHEREAS, the City Council has heretofore adopted its Resolution
No. 11602 on April 24, 1984, authorizing the issuance of not to exceed $13,000,000
revenue bonds for a multi-family rental housing development to be developed by
Morgan-Gardner Subdivision, a California general partnership, (the "Developer")
to be located at the northwest and northeast corners of "E" Street and Flower
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 of not to exceed $24,000,000.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the
City of Chula Vista hereby amends Section 1 of Resolution No. 11602 by striking
the phrase "Thirteen Million Dollars ($13,000,000)" and inserting in its place
"Twenty-Four Million Dollars ($24,000,000)."
Approved as to form by
/
/lr!(, '!-""/'
"- 111>,-/ /" t(l.;' ,'-
) omas J. Harr,9, City Attorney
/
/
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Presented by
au] G. Desrochers, Lommunity
Development Director
320
ADOPTED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
CHULA VISTA, CALIFORNIA, this
23rd
day of
April
/9
85
, by the following vote, to-wit
AYES'
Councilmembers
Malcolm, McCandliss, Moore, Cox
NAYES:
Councilmembers
None
ABSTAIN:
ABSENT:
Council members
Scott
Councilmembers
None
It, ;" ' () G:
Mayor o':;theltity of Chula Vista
ATTEST
(/\
Z'7?C.L.
City Clerk ~
,
/'
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
CITY OF CHULA VISTA
)
) ss.
)
I, ADELE A. SARMIENTO, DEPUT~ CITY CLERK of the City of Chula Vista,
California, DO HEREBY CERTIFY that the above and foregoing is a full,
true ana correct copy of RESOLUTION NO.
12003
, and that the same
has no~ been amended or repealed.
DA TED
October 8, 1985
/ i
i
/,c_ 1_ i.. ,",_ /;')
Deputy City Clerk
(sea I)
~""'r _hhn
RESOLUTION NO. 12003
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA AMENDING RESOLUTION NO. 11602
RELATING TO ISSUANCE OF REVENUE BONDS FOR
MULTI-FAMILY RENTAL HOUSING DEVELOPMENT BY
MORGAN-GARDNER SUBDIVISION
The City Council of the City of Chula Vista does hereby resolve
as foll ows:
WHEREAS, the City of Chu 1 a Vis ta (the "c ity") is authori zed by
Chapter 3.48 of the Chula Vista Municipal Code (the "Law") to issue and sell
revenue bonds for the purpose of providing financing for the construction of
multi-family rental housing structures within the City; and,
WHEREAS, the City Council has heretofore adopted its Resolution
No. 11602 on April 24, 1984, authorizing the issuance of not to exceed $13,000,000
revenue bonds for a multi-family rental housing development to be developed by
~1organ-Gardner Subdivision, a California general partnership, (the "Developer")
to be located at the northwest and northeast corners of "E" Street and Flower
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 of not to exceed $24,000,000.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the
City of Chula Vista hereby amends Section 1 of Resolution No. 11602 by striking
the phrase "Thirteen Million Dollars ($13,000,000)" and inserting in its place
"Twenty-Four Million Dollars ($24,000,000)."
Pres ented by
Approved as to form by
,
/'
/ .../.
." 0 ?'(. " .... ;'po."
]Saul oG. Desrocher;: C~~ni ty
Development Director
Th~mas J. 'H~rrc/ CitYAttorney
ADOPTED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
CHULA VISTA, CALIFORNIA, this
23rd
day of
April
/9
85
, by the following vote, to-wit
AYES:
NAYES:
ABSTAIN:
ABSENT:
Coune i 1 members
Malcolm, McCandliss, Moore, Cox
Couneilmembers
None
Counei lmembers
Scott
Couneilmembers
None
('J
/.
,,-
Mayor olJthJkity of Chula Vista
I /) (!~
/ .
/ ..,,/)... , . . /
ATTEST/.d///NL 1/ ~;Y/(IA''/i
// City lerk. /
./
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 a full, true and correct copy of
RESOLUTION NO. 12003
, and thaI the same has not been amended or repealed
DATED
( seal)
City Clerk
CC-660