Resolution Number CRA 86-8-5-3RESOLUTION NO. CRA 86-8-5-3
SALE OF TAX ALLOCATION NOTES APPROVING NOTICE OF
INTENT TO SELL NOTES AND DIRECTING PUBLICATION
A RESOLUTION OF THE SAN JUAN CAPISTRANO COMMUNITY
REDEVELOPMENT AGENCY PROVIDING FOR THE SALE OF TAX
ALLOCATION NOTES IN THE AGGREGATE PRINCIPAL AMOUNT OF
NOT TO EXCEED SEVEN MILLION FIVE HUNDRED THOUSAND
DOLLARS ($7,500,000) FOR THE SAN JUAN CAPISTRANO
CENTRAL REDEVELOPMENT PROJECT, APPROVING THE FORM OF
NOTICE OF INTENTION TO SELL SAID NOTES AND DIRECTING
THE PUBLICATION THEREOF
WHEREAS, the San Juan Capistrano Community
Redevelopment Agency (herein sometimes referred to as the
"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 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, the Agency wishes to sell at this time not
more than $7,500,000 of the aggregate principal amount of the Tax
Allocation Notes to provide financing in connection with the
Redevelopment Project Area; and,
WHEREAS, the Agency is required by law to sell the
Notes at competitive bid following publication of notice of
intention to sell such securities.
NOW, THEREFORE, THE SAN JUAN CAPISTRANO COMMUNITY
REDEVELOPMENT AGENCY DOES HEREBY RESOLVE, DETERMINE AND ORDER AS
FOLLOWS:
Section 1. Sale Authorized.
The sale of an aggregate principal amount of not to
exceed Seven Million Five Hundred Thousand Dollars ($7,500,000)
(or such lesser amount as may be specified in the notice of sale
as approved by the Executive Director) of the SAN JUAN CAPISTRANO
COMMUNITY REDEVELOPMENT AGENCY, SAN JUAN CAPISTRANO CENTRAL
REDEVELOPMENT PROJECT, TAX ALLOCATION NOTES, ISSUE OF 1986,
(herein sometimes referred to as the "Notes"), in accordance with
law, is hereby authorized.
Section 2. Publication of Notice of Intention
to Sell Securities.
The Notice of Intention to Sell Securities attached
hereto as Exhibit "A" is hereby approved subject to such changes
as requested by Bond Counsel. The Secretary of the Agency shall
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cause said Notice of Intention to Sell Securities (a) to be
published in a newspaper published and of general circulation in
the City of San Juan Capistrano, California, by at least one (1)
insertion at least five (5) days prior to the day fixed for the
receipt of bids; and, (b) to be published in a financial
publication generally circulated throughout the State, namely the
Bond Buyer, by at least one (1) insertion at least fifteen (15) _
days prior to the day fixed for the receipt of bids.
Section 3. Furnishing of Notice Inviting Bids
and Official Statement.
The Executive Director of the Agency and the Financial
Consultant are hereby authorized and directed to cause to be
prepared and furnished to prospective bidders a reasonable number
of copies of the notice inviting bids (including the bid form)
and a reasonable number of copies of the Official Statement.
Section 4. Effective Date.
This Resolution shall take effect upon adoption.
PASSED, APPROVED AND ADOPTED this 5th day of
August , 1986 .
A L. HAUSDORFER, HAIRMAN
ATTEST:
GENCY SE E ARY
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF SAN JUAN CAPISTRANO )
I, MARY ANN HANOVER, Secretary of the San Juan
Capistrano Community Redevelopment Agency, DO HEREBY CERTIFY that
the foregoing is a true and correct copy of Resolution No. CRA
86-8-5-3 , adopted by the Board of Directors of the San Juan
Capistrano Community Redevelopment Agency at a regular meeting
thereof held on the 5th day of _August , 1986, by the
following vote:
AYES: Directors Schwartze, Bland,
Buchheim, and Chairman Hausdorfer
NOES: None
ABSENT: Director Friess
(SEAL)
MARY ANNOVER,
AGENCY ECRETARY
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STATE OF CALIFORNIA
COUNTY OF ORANGE ) ss. AFFIDAVIT OF POSTING
CITY OF SAN JUAN CAPISTRANO )
MARY ANN HANOVER, being first duly sworn, deposes and
says:
That she is the duly appointed and qualified Secretary
of the San Juan Capistrano Community Redevelopment Agency;
That in compliance with State laws of the State of
California and in further compliance with Resolution No. CRA
83-12-20-1 and on the 7th day of August . 1986 , she caused
to be posted:
RESOLUTION NO. CRA 86-8-5-3
being: SALE OF TAX ALLOCATION NOTES
A RESOLUTION OF THE SAN JUAN CAPISTRANO COMMUNITY
REDEVELOPMENT AGENCY PROVIDING FOR THE SALE OF TAX
ALLOCATION NOTES IN THE AGGREGATE PRINCIPAL AMOUNT OF
NOT TO EXCEED SEVEN MILLION FIVE HUNDRED THOUSAND
DOLLARS ($7,500,000) FOR THE SAN JUAN CAPISTRANO
CENTRAL REDEVELOPMENT PROJECT, APPROVING THE FORM OF
NOTICE OF INTENTION TO SELL SAID NOTES AND DIRECTING
THE PUBLIC THEREOF
in three (3) public places in the City of San Juan Capistrano,
to wit: City Hall; Old Fire Station Recreation Complex; Orange
County Public Library.
MARY ANN H OVER, S cretary
CHECK LIST San Juan apistrano Community
RES. NO. CRAsrti —s —5 - Redevelopment Agency
3
/Chairman has signed
-Secretary has signed
Agency Seal stamped
___L,-AT1 blanks typed in
"Absent"
"Noes"
Typed in Official Record Book
Posted to Classified ards
_Copies sent to (3rb tpy,
0
_ (date) Legal Publication ordered to be published
No. Affidavits
No. Printed copies required__
Remarks
t.
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W1
EXHIBIT "A"
NOTICE OF INTENTION
TO SELL SECURITIES
Notice is hereby given that on or before August 12,
1986, at 11:00 a.m., Pacific Time, or at such time on August 19,
1986, or August 26, 1986, until bids are accepted, in the offices
of Stradling, Yocca, Carlson & Rauth, a professional corporation,
660 Newport Center Drive, Suite 1600, Newport Beach, California,
92660, the San Juan Capistrano Community Redevelopment Agency
will receive bids for the sale of its San Juan Capistrano Central
Redevelopment Project Tax Allocation Notes, Issue of 1986, in the
aggregate principal amount of not to exceed Seven Million Five
Hundred Thousand Dollars ($7,500,000). Copies of the complete
Notice Inviting Bids and other information concerning said bonds
may be obtained from Miller & Schroeder Financial, Inc., 505
Lomas Santa Fe Drive, Suite 100, Solana Beach, California,
92075-0819, (619) 481-5894.
�ary �Capi Capistrano ecretary the San Juan Capistrano
Community Redevelopment Agency