1985-044RESOLUTION N0. 85R-44
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ANAHEIM GIVING PUBLIC APPROVAL TO THE ISSUANCE OF
INDUSTRIAL DEVELOPMENT AUTHORITY OF ANAHEIM
INDUSTRIAL REVENUE BONDS FOR THE PURPOSE OF
PROVIDING FINANCING TO RUSS BERRIE.
RESOLVED, by the City Council of the City of Anaheim,
California, that:
WHEREAS, the Industrial Development Authority of the
City of Anaheim (the "Authority") proposes to issue industrial
revenue bonds for the purpose of financing the construction by
Russ Berrie of a warehouse facility located in the City of
Anaheim, which facility will be leased to Russ Berrie and
Company Los Angeles, Inc. (the "Company");
WHEREAS, it is intended that the interest paid on the
Bonds by the Authority be excludable from gross income for the
purposes of federal income taxes;
WHEREAS, Section 103(k) of the Internal Revenue Gode of
1954, as amended, requires that the applicable alected
representative of the Authority shall approve, after public
hearing following reasonable public notice, the issuance of
such bonds by the Authority; and
WHEREAS, this City Council is the applicable elected
representative of the Authority and this City Council has held
on the date hereof a public hearing following reasonable
public notice on the question of whether this Authority should
approve the issuance of industrial revenue bonds by the
Authority, and all persons requesting to be heard have been
heard;
NOW, THEREFORE, it is hereby ORDERED that the City
Council does hereby approve the issuance of industrial revenue
bonds by the Authority in the principal amount of $2,500,000
for the purpose of providing financing to Russ Berrie for the
construction of a warehouse facility located on a 2-1/4 acre
site near Industrial Avenue and Hancock Street in the City of
Anaheim.
ADOPTED this 22nd day of January , 1985.
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MAYOR, CITY OF AN HEIM
ATTE
City Clerk
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0061I
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF ANAHEIM )
I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that
the foregoing Resolution No. 85R-44 was introduced and adopted at a regular ~
meeting provided by law, of the City Council of the City of Anaheim held on
the 22nd day of January, 1985, by the following vote of the members thereof:
AYES: COUNCIL MEMBERS: Kaywood, Bay, Pickler, Overholt and Roth
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
AND I FURTHER certify that the Mayor of the City of Anaheim signed said
Resolution No. 85R-44 on the 22nd day of January, 1985.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the
City of Anaheim this 22nd day of January, 1985.
CITY CLERK OF THE CITY OF ANAHEIM
(SEAL)
I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that
the foregoing is the original of Resolution No. 85R-44 duly passed and adopted
by the Anaheim City Council on January 22, 1985.
'~
CITY CLERK