HomeMy WebLinkAboutReso 1979-9619RESOLUTION NO. 9619
RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CHULA VISTA, CALIFORNIA APPROVING
THE ISSUANCE OF $51,000,000 PRINCIPAL
AMOUNT OF LEASE REVENUE BONDS OF THE
CHULA VISTA REDEVELOPMENT AGENCY TO
FINANCE A PORTION OF THE COST OF A
REDEVELOPMENT PROJECT IN SAID CITY KNOWN
AS TOWN CENTRE REDEVELOPMENT PROJECT
WHEREAS, the Chula Vista Redevelopment Agency
is a redevelopment agency (a public body, corporate and
politic) duly created, established and authorized to
transact business and exercise its powers, all under and
pursuant to the Community Redevelopment Law (Part I of
Division 24 of the Health and Safety Code of the State of
California) and the powers of said Agency include the
power to issue bonds for any of its corporate purposes; and
WHEREAS, a redevelopment plan for a redevelopment
project known and designated as "Town Centre Redevelopment
Project" has been adopted and approved and all requirements
of law for, and precedent to, the adoption and approval of
said plan have been duly complied with; and
WHEREAS, the plan contemplates that the Agency
will issue its bonds to finance a portion of the cost of
such redevelopment; and
WHEREAS, the Council has been informed by the
Agency that the Agency deems it necessary to issue lease
revenue bonds for the aforesaid purposes;
NOW, THEREFORE, BE IT P.ESOLVED BY THE COUNCIL
OF THE CITY OF CHULA VISTA:
Section 1. The City Counsel hereby approves the
issuance of bonds by the Agency in the aggregate principal
amount of $51,000,000 designated "South Bay Regional
Center 1979 Lease Revenue Bonds."
Section 2. This Resolution shall take effect
upon adoption.
PASSED and ADOPTED this 7th day of June, 1979.
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Mayor of the City of Chula Vista
Attest:
~/. 2
erk of the City of Chula V' to
(SEAL)
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2.
ADOPTED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
CHULA VISTA, CALIFORNIA, this- ~*h day of June
197 9 , by the following vote, to-wit:
AYES Councilmen E~dahl, xyde, Gillow, Cox
NAYES~ Councilmen None
ABSTAIN: Councilmen None
ABSENT: Councilmen scott
~ ~ ~~~~
~ Mayor of the City of Chub Vista
_ ,,
C~/
ATTE z-12~~
City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) s s .
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 N0. 9619 ,and that the same has not been amended or repealed.
DATED
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(seat )
City Clerk
CC-660