HomeMy WebLinkAbout1983 077 CC RESO1983 077 CC RESO (Ìì ë RESOLUTION NO. 83-77
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF BALDWIN PARK ASSIGNING THEIR ALLOCATION
OF QUALIFIED MORTGAGE REVENUE BONDS TO THE
BALDWIN PARK REDEVELOPMENT AGENCY
WHEREAS, the City of Baldwin Park, pursuant to the
provisions of the Costa-Marks Bond Allocation Act of 1981 as
amended the Act"), Chapter 3.5 commencing with Section
50171) of Part I of Division 31 of the Health and Safety Code
of the State of California, filed with the Mortgage Bond
Allocation Committee of the State of California a notice
specifying, among other things, the amount of qualified
mortgage revenue bonds proposed to be issued by the City of
Baldwin Park; and
WHEREAS, the Mortgage Bond Allocation Committee has
granted an allocation of qualified mortgage revenue bonds in
the principal amount of $7,500,000 to the City; and
WHEREAS, the Act provides that the City may assign
all or any portion of said allocation to the Redevelopment
Agency; and
WHEREAS, the City desires to assign its allocation to
the Baldwin Park Redevelopment Agency.
NOW, THEREFORE, IT IS HEREBY FOUND, DETERMINED AND
ORDERED AS FOLLOWS:
Section 1: The allocation of qualified mortgage
revenue bonds granted to the City by the Mortgage Bond Allocation
Committee is hereby assigned to the Baldwin Park Redevelopment
Agency.
Section 2: The program Deposit Agreement by and
between the City of Baldwin Park and W & A Builders and the
deposit related thereto are hereby assigned to the Baldwin
Park Redevelopment Agency.
APPROVED and ADOPTED thi day of September, 1983.
MAYOR
Linda L. Gair/City Clerk
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES) ss.
CITY OF BALDWIN PARK
I, LINDA L. GAIR, City Clerk of the City of Baldwin
Park do hereby certify that the foregoing Resolution was regularly
approved and passed at a REGULAR MEETING of the Baldwin Park City
Council on the 7th day of September, 1983, by the following vote:
AYES:
NOES:
ABSENT:
COUNCILMEN McNeill, King, Aguilar, Izell and Mayor White
COUNCILMEN
COUNCILMEN None
inda L.(^flrfr. City Clerk
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