HomeMy WebLinkAboutCC Res 4853 2000-10-23
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RESOLUTION NO. L/6'5:3
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A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF SEAL BEACH APPROVING
THE ISSUANCE BY THE REDEVELOPMENT
AGENCY OF THE CITY OF SEAL BEACH OF
ONE OR MORE SERIES OF MOBILE HOME
PARK REVENUE BONDS TO FINANCE THE
ACQUISITION OF THE SEAL BEACH
TRAILER PARK
WHEREAS,
pursuant to the Community Redevelopment Law commencing at Section
33740 and following of the California Health and Safety Code, the
Redevelopment Agency of the City of Seal Beach (the "Agency") intends
to authorize the issuance of its not to exceed $8,000,000 aggregate
principal amount Seal Beach Mobile Home Park Revenue Bonds in one or
more series (the "Bonds"); and
WHEREAS,
the Agency intends to loan the proceeds of the sale of the Bonds to LINC
Housing of California, a California nonprofit public benefit corporation,
for the purpose of financing the acquisition of the Seal Beach Trailer Park
located at 99 Welcome Lane, Seal Beach, CA 90740 (the "Project"); and
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WHEREAS, Section 147(f) of the Internal Revenue Code of 1986, as amended (the
"Tax Code") requires that the Bonds be approved by the "applicable
elected representative" of the governmental unit issuing the Bonds after a
noticed public hearing; and
WHEREAS, this City Council is the applicable elected representative to approve the
issuance of the Bonds by the Agency for purposes of Section 147(f) of the
Tax Code; and
WHEREAS, the City has caused a duly noticed public hearing with respect to the
proposed issuance of the Bonds to be held before this City Council and the
Agency, and an opportunity was provided for interested parties to present.
comments for and against the proposed issuance of the Bonds;
NOW, THEREFORE, BE IT RESOLVED, DETERMINED AND
ORDERED BY THE CITY COUNCIL OF THE CITY OF SEAL BEACH,
AS FOLLOWS:
Section 1.
Recitals. The above recitals, and each of them, are true and correct.
Section 2.
Annroval of Issuance of Bonds Under Tax Code. This City Council, for
purposes of Section 147(f) of the Tax Code, hereby approves the issuance
of the Bonds by the Agency in an aggregate principal amount of not to
exceed $8,000,000.
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Section 3.
Effective Date. This Resolution shall take effect immediately upon
adoption.
, APPROVED, AND ADOPTED by the City C~cll ~f the City of Seal
t a eeting thereof held on the rJlt"d. day of
, 2000, by the following vote:
Resolution Number~~
AYES:
counciImembers~11J~af~~~ ..2~d
Councilmembers
ABSENT:
CounciImembers
-eL
NOES:
ABSTAIN: CounciImembers
t.~4~- I
ATIEST:
Cl
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF SEAL BEACH )
I, Joanne M. Yeo, City Clerk of Seal Beach, CalifOrni~~bY certify that the foregoing
resolution is the original copy of Resolution Number ~ ~ on file in the office of the
City Clerk, passed, approved, and adopted by the City Council of the C~ of Seal Beach, at
a ~1!l!J.. ~ thereof held on the ~i1.~ day of
<!U ,2000.
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PROOF OF PUBLICATION
(2015.5 C.C.P.)
Resolution Number /7'8~~
This sp~ce is for the County
Clerk's Filing Stamp
STATE OF CALIFORNIA,
County of Orange
I am a citizen of the United States
and a resident of the county afore-
said; I am over the age of eighteen
years, and not a party to or inter-
ested in the above-entitled matter.
I am the principal clerk of the printer
of the SEAL BEACH SUN, a
newspaper of general circulation,
printed and published weekly in the
City of Seal Beach, County of
Orange and which newspaper has
been adjudged a newspaper of
general circulation by the Superior
Court of the County of Orange, State
of California, under the date of
2/24/75. Case Number A82583; that
the notice of which the annexed is a
printed copy (set in type not smaller
than nonpareil), has been published
in each regular and entire issue of
said newspaper and not in any
supplement thereof on the following
dates, to-wit:
/6/::r tJI-/?
,
all in the year 2000.
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Proof of Publication of
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. : NanCE OF JOINT PUBUC .
'-, HEARING BY THE CITY COUNCIL
. ~OF'THE CITY OF SEAL BEACH. .
- CAUFORNIA, AND THE .'
.' REDEVELOPMENT AGENCY OF .
" THE,CrrI OF, SEAL BEACH,' i
AEGA"RDING THE ISSUANCE BY\ :
. t THE SEAL BEACH REDEVELOp.. ,
. MENT AGENCY OF FTS MOBILE. -,
. HOME PARK REVENUE BONDS TO
.' FINANCE lHE SEAL BEACH
TRAILER PARK PROJECT.'" I
Interested p8~" please take.nobce .
thet on OcIober 23. 2000, . publiC hear- .
In9 wfll be held by the City Council of !.
: the City of. Seal Belllch, Callfom.B, and
_the Redevelopmsnt Agency oftht City...
. of S8111 Beach,ln the Council Carnberl
. IDCIIted'8t 211 - Blh Street. Seal Bncti
[California. canvnenclng.al7 00 p m ,0:. J
la~er WitI' respect to the proposed.
~ Issuance by the Seat Beach R8d1lY8f-
C?pment Agency (the "Iisuer-) Of It I I
mcblehome p8rk revenue bondB In the :
l aggregate prlntfpal amount of approXI-
mately 18.000.000 (the "Bonds") pur-
I SUlV1l: 10 Sechon 33740 and fcIlO\l1/lng of 1
. the California Health and S~ Code
':. 'rt;. PrO~ds fro';; Ihe lali. of lu~h
Bonds,J any BrIt ISSued; are Ir'IIttoded to
be used to flllBlice the llcqt.niltrori and
renovation of an approximately 125 :
.space,mobllshome park.kndwn as the
Seal.Beach Trailer Park loCated 81 99 .
Welcome Lane; Seal Bell9h, California, ~
90740;ln the City of Seal Beech (the I
.Project, p,rDceeds of ttie Bonds are I
,8Xpecfed.1o be UHd to maJrs 8 loan to !
"Llnc Housing of California which IS a
CalrlOma I"IOI'1pJOftt COI'pOr'8tIon. cir a sue- .
C8S1or, assign or aIflkate of edher one I
.to t,"an~ theiPrqect, .. . -:...-
- This. notice 18 ~nded to comply WIth f
the publiC notice requlr8menll of Sec-.I
'bon 147.(t) ottrielnl8mal RiIveooeCade J
of1~,~a~~~.:,:~.. '_j _-j
.I" Any parson may appear at ttMt heer. .
. mgandexpteSllhleorherVf8W8regard- .
-Ing the Pl'OIect and the ISSuanCe by the I'
.lssU8f' of the Bonds to finance tile Pio- .
-Ject In adddlOfl, wtlllen commentll may =
be submitted al'lny time pnOr to the _
heanng to the Cdy Clerk of the Cfttj of .
..Seal Beach ~Ar)y queetrons regarding. ,
the haanng may tMt dlrectwiif 10 the City_
t C!ertc..Joanne Yeo. at the City of Seal f
BHcI1. 81 (SEl2) 431-2527. 1:...~. I . .
,DATED lH'S 291h day of So!1lO_', :
(,2000. -.lj. ~ '"'''~'''''
"'JoanneYeo: CdyClelk'~-- -. "' " '.
City of Seal Beach_ -. ..
. 'Publlshedin the ~~ge~h S~~-
_nal.10/&,10(1EJDD,~, _ . ..... .
I certify (or declare) under penalty of
perjury that the foregoing is true and
correct.
,2000.
Signature
PUBLICATION PROCES D BY:
THE SUN NEWSPAPERS
216 Main Street
Seal Beach, CA 90740
(562) 430-7555 . (949) 759-7726