HomeMy WebLinkAbout1984 097 CC RESO1984 097 CC RESO (Ìì ç ˜ RESOLUTION NO. 84- 97
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF BALDWIN PARK ASSIGNING ITS
ALLOCATION OF QUALIFIED MORTGAGE REVENUE
BONDS TO THE BALDWIN PARK REDEVELOPMENT
AGENCY
WHEREAS, the City of Baldwin Park, California the
City"), 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 1 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; and
WHEREAS, the Mortgage Bond Allocation Committee has
granted an allocation of qualified mortgage revenue bonds in
the principal amount of $20,000,000 to the City; and
WHEREAS, the Act provides that the City may assign all
or any portion of said allocation to the Baldwin Park Redevelop-
ment Agency; and
WHEREAS, the City desires to assign a portion of its
allocation to the Baldwin Park Redevelopment Agency.
NOW, THEREFORE, IT IS HEREBY FOUND, DETERMINED AND
ORDERED AS FOLLOWS:
Section 1. A portion of the allocation of qualified
mortgage revenue bonds granted to the City by the Mortgage Bond
Allocation Committee in the amount of $7,000,000 is hereby
assigned to the Baldwin Park Redevelopment Agency.
Section 2. Any program deposit agreement by and
between the City of Baldwin Park and W & A Builders with respect
to the allocation assigned in Section 1 above and any deposit
related thereto are hereby assigned to the Baldwin Park
Redevelopment Agency,
PASSED and ADOPTED this
day of December, 1984.
MAYOR
ATTEST:
J|^ r^^^
t/NDA L. GA^, CITY CLERK
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1984 097 CC RESO (Ìì ç ˜ Resolution No. 84- 97
Page Two
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 an ADJOURNED REGULAR MEETING
of the Baldwin Park City Council on the llth day of December, 1984
by the following vote:
AYES: COUNCILMEN GIBSON, IZELL, KING, McNEILL AND MAYOR WHITE
NOES: COUNCILMEN- NONE
ABSENT: COUNCILMEN NONE
L-1NDA L. G^tRf CITY CLERK
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