HomeMy WebLinkAboutRDA Res 82-04 1982-03-08
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RESOLUTION NO. 82-4
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF SEAL BEACH AUTHORIZING THE EXECUTION
OF AND APPROVING INVESTMENT AGREEMENT AND FINAL
OFFICIAL STATEMENT FOR THE $18,200,000.00
PRINCIPAL AMOUNT OF RESIDENTIAL MORTGAGE REVENUE
BONDS, ISSUE OF 1982.
WHEREAS, the Redevelopment Agency of the City of Seal
Beach ("Agency") proposes to issue its Redevelopment Agency of the
City of Seal Beach Residential Mortgage Revenue Bonds, Issue of
1982 ("Bonds") for $18,200,000.00, under and pursuant to Agency
Resolution No. 82-2 and the Bond Resolution No. 82-3, by and
between the Agency and Security Pacific National Bank as trustee
("Trustee"); and
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WHEREAS, the Agency has previously approved a draft
Official Statement for the Bonds;
NOW, THEREFORE, the Redevelopment Agency of the City
of Seal Beach hereby resolves as follows:
SECTION 1. Investment Agreement. The Investment
Agreement between Home Federal Savings and Loan Association of San
Diego, the Agency, and Trustee is hereby approved as presented and
the Chairman is hereby authorized to approve or disapprove any changes
as approved by Jones, Hall, Hill & White and to execute said Agreement
on behalf of the Agency and to affix the corporate seal of the Agency
thereto, in substantially the form presented to this meeting or with
such changes as may be approved by Jones, Hall, Hill & White, a
Professional Law Corporation, bond counsel to the Agency, which form
of Agreement is hereby in all respects approved and incorporated by
reference and made a part hereof. The Trustee shall invest Bond
proceeds pursuant to the Bond Resolution in obligations as set forth
in the Investment Agreement and the Trustee is authorized to enter
into said Agreement.
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SECTION 2. Final Official Statement. The Final Official
Statement, dated March 16, 1982, in substantially the form submitted
to this meeting by Muller & Schroeder Municipals, Inc. ("Underwriters"),
is hereby approved, and the Chairman of the Agency is hereby authorized
and directed to execute said Official Statement, for and in the name
and on behalf of the Agency, and to approve any additions to or
changes in the form of said Official Statement as he or the Secretary
of the Agency may deem necessary or advisable, such approval to be
conclusively evidenced by his execution of said Official Statement
as so added to or changed. The Underwriters, as purchasers of the
Bonds, are hereby authorized to distribute copies of said Official
Statement (as so added to or changed) in connection with their
reoffering and resale of the Bonds.
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SECTION 3. This Resolution shall take eff~ct from
and after its adoption.
PASSED, APPROVED AND ADOPTED by the Redevelopment Agency
of the City of Seal Beach, California, this 8th day of March,
1982, by the follow' vote:
AYES:
NOTES:
ABSENT:
Member
M.~
Chairman, Redevelopment Agency
of the City of Seal Beach
ATTEST: -
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF SEAL ~ ) J;/
I, g7tJ.O-ihJLLL- '~a , Secretary to the
Redevelopment Agency of the Ci y of Seal Beach, California,
DO HEREBY CERTIFY that the above and foregoing is a full, true
and cor ect copy of Resolution No. 82-4 and that the same has
not bee ended or repealed.
Dated:
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