HomeMy WebLinkAboutCC Res 3295 1983-07-25
RESOLUTION NUMBER d.:<.f5"
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SEAL BEACH, CALIFORNIA, DECLARING ITS INTENTION
TO AUTHORIZE THE ISSUANCE OF REVENUE BONDS
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WHEREAS, the City of Seal Beach (the "Issuer"), a body politic and
corporate and a political subdivision of the State of
California, is authorized and empowered by the provisions
of the Marks Historical Rehabilitation Act of 1976 (the
"Act"), to finance a project, as that term is defined in
the Act, and to issue its industrial revenue bonds for the
purpose of paying the cost of financing a project; and
WHEREAS, California Historic Properties-BO has requested the Issuer
to issue and sell its industrial revenue bonds pursuant to
provisions of the Act for the purpose of financing the historical
rehabilitation of the Old City Hall, which constitutes a
project. as that term is defined in the Act for California
Historic Properties-80; and
WHEREAS, the Issuer wishes to declare its intention to authorize an
issue of its industrial revenue bonds for the purpose of
paying the cost of financing the Project, when so requested
by California Historic Properties-BO, upon such terms and
conditions as may then be agreed upon by the Issuer and
California Historic Properties-80.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Seal
Beach, California, that it does hereby declare its intention to authorize
the issuance and sale of industrial revenue bonds under and in accordance
with the Act, in such an amount necessary to pay the cost of the Project
as described in the "Appraisal of the Former City of Seal Beach City Hall
& Fire Station; April 9. 1981" prepared by Donahue and Company, Inc.,
presently estimated to be $650,000 and upon such terms and conditions
as may be mutually agreed upon by the Issuer and California Historic
Properties-80, the issuance and sale of such bonds to be authorized by
resolution of the Issuer at a meeting to be held for such purpose.
NOW, THEREFORE, BE IT FURTHER RESOLVEO that this Resolution constitutes
the official action towards the issuance of such revenue bonds.
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PAS~ APPROVED ANO ADOPTED by the City Council of the City of Seal
Beach')~alifornia, at a meeting thereof held on the ~~~ day of
l ./.I/l"'l ,1983, by. the follow'ng vote: 0
f' ~ . '
AYES: Councilmembe
NOES: Councilmembers
ABSENT: Councilmembers
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ATTEST:
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Resolution Number ~~~
Page Two
STATE OF CALIFORNIA)
COUNTY OF ORANGE ) SS
CITY OF SEAL BEACH )
I, Joanne M. Yeo, City Clerk of the City of Seal Beach, California, do
hereby certify that the ~egOing resolution is the original copy of
Resolution Number ~ on file in the office of the City Clerk,
pass d. approved an a opted by the City Council ~ City of Seal
Bfac at a regular meeting thereof held on the __ day of
'- , 1983.
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