HomeMy WebLinkAboutRDA Res 79-1 1979-01-22
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WHEREAS,
WHEREAS,
I
WHEREAS,
PASSED,
of Sea
day of
AYES:
NOES:
I ABSENT:
I
ATTEST:
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RESOLUTION NUMBER 7q- /
A RESOLUTION OF INTENT OF THE REDEVELOPMENT
AGENCY OF THE CITY OF SEAL BEACH TO CONTRACT
WITH PAINE WEBBER, JACKSON & CURTIS,
INCORPORATED TO IMPLEMENT AN SB 99 RESIDENTIAL
CONSTRUCTION PROGRAM IN THE CITY OF SEAL BEACH,
CALIFORNIA.
the Redevelopment Agency of the City of Seal Beach (the
"Agency") desires and intends to implement a program
under the Redevelopment and Construction Loans Act,
California Health and Safety Code Section 33750 et seq.
(the "Program") to designate certain areas of the
Redevelopment project area as eligible to receive
benefits of the Program if it can be satisfactorily
determined that in so doing funds for the cost of
relocation can be derived as a benefit to such
activity; and
the Agency acknowledges that the services of Paine
Webber, Jackson & Curtis, Incorporated ("Paine Webber")
will be needed in establishing the guidelines for the
Program, in developing the structure for the financing
package and in preparing for the issuance of bonds
under the Program and that Paine Webber has agreed to
perform such services in anticipation of a bond issue
for the Program; and
if the provision of relocation benefits is satisfactorily
demonstrated, the "Agency" intends to negotiate and
contract with Paine Webber for the underwriting of a
revenue bond issue for the Program.
ROVED and ADOPTED by the Redevelopment Agency of,the City
Be ,California, at a meeting thereof held on the ~~~
, 1979, by the following vote: 1
Agency Members
Agency Members
Agency Members"
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alrman
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