84R-372
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RESOLUTION NO. 84R-372
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RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ANAHEIM ALLOC~TING A PORTION OF ITS PRIVATE
ACTIVITY BOND LIMIT TO THE INDUSTRIAL DEVELOPMENT
AUTHORITY OF ANAHEIM FOR INDUSTRIAL REVENUE BOND
FINANCING OF THE SANDERS ASSOCIATES, INC.
(CALCOMP) PROJECT
RESOLVED, by the City Council of the City of Anaheim,
California, as follows:
WHEREAS, the Industrial Development Authority of
Anaheim has heretofdre accepted the application of Sanders
Associates, Inc. fot industrial development bond financing
pursuant to the California Industrial Development Financing
Act;
WHEREAS, the Industrial Development Authority of
Anaheim has adopted ra Resolution No. IDA 84-1 expressing its
intention to issue ~ndustrial development bonds in order to
assist Sanders ASsoctates, Inc. to finance the acquisition of
certain equipment for a digital plotter manufacturing facility;
WHEREAS, the City Council has adopted a Resolution No.
84R-309 declaring that the project of the Company described in
said application and the issuance of bonds by the Authority
under the Act, theref~re, are unconditionally approved; and
WHEREAS, the city of Anaheim pursuant to Section 103(n)
of the Internal Revenue Code of 1954, as amended (the .Code.),
and the Proclamation of the Governor of the state of
California dated as of July 19, 1984, (the .Proclamation.)
desires to allocate $1,000,000 of its private Activity Bond
Limit (as defined in the Proclamation) to the Industrial
Development Authority of Anaheim for the project.
NOW, THEREFORI, it is hereby ordered as follows:
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1. That $1,OQO,OOO of the City's Private Activity Bond
Limit for 1984, as s.t forth in the Proclamation, is allocated
to the Industrial Dlevelopment Authority of Anaheim for the
project. This transfer shall be irrevocable upon issuance of
the bonds at least to the extent of the principal amount of
such bonds so issued and the amount transferred may be subject
to carryforward purs~ant to Section 103(n)(10) of the code at
the election of the Authority.
FURTHER, the andersigned hereby certifies under penalty
of perjury that the allocation contained in this resolution
was not made in consideration of any bribe, gift, gratuity, or
direct or indirect contribution to any political campaign.
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ADOPTED this
18th day of
September
, I 9'8 4 .
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A4~
MAYOR OF TBE CITY OF A MEIM ..
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ATTEST:
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CITY_CLERK OF THE C1T~ OF ANAHEIM
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STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF ANAHEIM )
I, LEOIORA N. SoqL, City Cle*~ of the CJty of Anaheim, do hereby certify that
the foregoina Resolution Ko.I$4R-372 wa~.iBtroduced and adopted at a regular
meetiDl provided by law, of Ue Ci ty Cc+uei1 of the Ci ty of Anaheim held on
the 18th day of $eptember, 1"4, by the~ following vote of the members thereof:
AYES:
COUNCIL MEMBERS: Bay, Overholt, Pickler and Roth
NOES:
COUNCIL MEMBERS: None
ABSENT:
COUNCIL MEMBERS: Kaywood
AND I FURTHER certify that t~e Mayor of the City of Anaheim signed said
Resolution No. 84R-372 on th, 18th day of September, 1984.
IN WItlESS WHEREOF, I have h~teunto set my hand and affixed th~ seal of the
City of Anaheim this 18th day of Sept~ber, 1984.
~A- '/t5'~/C
dITY CLERK OF THE CITY OF ANAHEIM
(SEAL)
I, LEOIIORA N. son, City Cl4$k of the City of Anaheim, do hereby certify that
the foregoina i8 the orig1n4 of Reso1\ition No. 84R-372 duly pas8ed and
adopted. by the Anaheim City p,unci1 on September 18, 1984.
~?(S~
C1:TY CLERK
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