Resolution Number 86-8-12-1RESOLUTION NO. 86-8-12-1 339
APPROVING ISSUANCE BY SAN JUAN CAPISTRANO COMMUNITY
REDEVELOPMENT AGENCY OF ITS TAX ALLOCATION
NOTES, ISSUE OF 1986
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN
JUAN CAPISTRANO, CALIFORNIA, APPROVING THE ISSUANCE BY
THE SAN JUAN CAPISTRANO COMMUNITY REDEVELOPMENT AGENCY
OF ITS SAN JUAN CAPISTRANO CENTRAL REDEVELOPMENT
PROJECT TAX ALLOCATION NOTES, ISSUE OF 1986, AND MAKING
CERTAIN DETERMINATIONS RELATING THERETO
WHEREAS, the San Juan Capistrano Community
Redevelopment Agency (the "Agency") is a redevelopment agency
duly created, established and authorized to transact business and
exercise its powers, all under and pursuant to the Community
Redevelopment Law (Part 1 of Division 24 [commencing with Section
33000] of the Health and Safety Code of the State of California)
and the powers of the Agency include the power to issue notes for
any of its corporate purposes; and,
WHEREAS, a Redevelopment Plan known as the "San Juan
Capistrano Central Redevelopment Project" has been adopted and
approved by an ordinance of the City of San Juan Capistrano (the
"City"), and all requirements of law for and precedent to the
adoption and approval of said Redevelopment Plan, as amended,
have been duly complied with; and,
WHEREAS, the Agency has adopted its Resolution
entitled:
entitled:
"A RESOLUTION OF THE SAN JUAN CAPISTRANO COMMUNITY
REDEVELOPMENT AGENCY AUTHORIZING THE ISSUANCE OF TAX
ALLOCATION NOTES OF SAID AGENCY IN A PRINCIPAL AMOUNT
OF SIX MILLION TWO HUNDRED FIFTY THOUSAND DOLLARS
($6,250,000) TO FINANCE A PORTION OF THE COST OF A
REDEVELOPMENT PROJECT KNOWN AS THE SAN JUAN CAPISTRANO
CENTRAL REDEVELOPMENT PROJECT"; and,
WHEREAS, the Agency has adopted its Resolution
"A RESOLUTION OF THE SAN JUAN CAPISTRANO COMMUNITY
REDEVELOPMENT AGENCY AWARDING $6,250,000 SAN JUAN
CAPISTRANO CENTRAL REDEVELOPMENT PROJECT TAX ALLOCATION
NOTES, ISSUE OF 1986, TO THE BEST BIDDER AND REJECTING
ALL OTHER BIDS AND TAKING CERTAIN OTHER ACTIONS IN
CONNECTION THEREWITH"; and,
WHEREAS, under and pursuant to the above Resolutions,
the Agency has authorized the issuance and sale of $6,250,000 San
Juan Capistrano Community Redevelopment Agency, San Juan
Capistrano Central Redevelopment Project Tax Allocation Notes,
Issue of 1986 (the "Notes").
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3 4 0 NOW, THEREFORE, BE IT RESOLVED, DETERMINED AND ORDERED
by the City Council of the City of San Juan Capistrano,
California, as follows:
Section 1. Approval of Issuance of Bonds.
The issuance of an aggregate principal amount of
$6,250,000 of "San Juan Capistrano Community Redevelopment
Agency, San Juan Capistrano Central Redevelopment Project Tax
Allocation Notes, issue of 1986" (the "Notes"), is hereby
approved, in order to aid in the financing of the San Juan
Capistrano Central Redevelopment Project, and for other purposes
related thereto, all of which constitute a "redevelopment
activity," as such term is defined in Health and Safety Code
Section 33640.
Section 2.
Effective Date.
This Resolution shall take effect upon adoption.
PASSED, APPROVED AND ADOPTED this 12th day of
August 1986 /
KENNETH E. FRIESS, MA(YOR
ATTEST:
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF SAN JUAN CAPISTRANO )
I, MARY ANN HANOVER, City Clerk of the City of San Juan
Capistrano, California, DO HEREBY CERTIFY that the foregoing is a
true and correct copy of Resolution No. 86-8-12-1 , adopted by
the City Council of the City of San Juan Capistrano, California,
at an adjourned regular meeting thereof held on the 12th day
of August , 1986 , by the following vote:
AYES: Councilmen Bland, Buchheim, Hausdorfer,
and Mayor Friess
NOES: None
ABSENT: Councilman Schwartze
(SEAL) LR ✓� �� —
MA/Y N H OVER, CITY CLERK
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