88-312RESOLUTION NO. 88R-312
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ANAHEIM APPROVING A BORROWING BY THE
ANAHEIM REDEVELOPMENT AGENCY FROM THE LOCAL
GOVERNMENT FINANCE AUTHORITY.
WHEREAS, the Anaheim Redevelopment Agency (the "Agency")
is a duly constituted public body, corporate and politic,
established pursuant to the Community Redevelopment Law of the
State of California (the "Law"); and
WHEREAS, pursuant to the Law, the Agency proposes to
borrow funds from the Local Government Finance Authority (the
"Authority") in an aggregate principal amount of $92,500,000,
under and pursuant to the provisions of a Loan Agreement, among
the Agency, the Authority and a trustee, and pursuant to the
authority granted in Part 1 of Division 24 of the Health and
Safety Code of the State of California, as amended (the "Code"),
in order to aid in financing its Redevelopment Project Alpha; and
WHEREAS, the Code requires the Agency to obtain the
approval of the City Council of the City of Anaheim prior to the
borrowing of such funds; and
WHEREAS, the City Council approves of said borrowing as
being in the public interests of the City and the Agency.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Anaheim as follows:
Section 1. The borrowing by the Anaheim Redevelopment Agency
as described above is hereby approved.
Section 2. This Resolution shall be effective upon the date
of its passage and adoption.
THE FOREGOING RESOLUTION is approved and adopted by the
City Council of the City o£ Anaheim this 9th day of i~ugust, 1988.
MAYOR OF THE CITY OF A~qAHEIM
ATTEST:
CITY CLERK OF THE CITY OF ANAHEIM
MES:fm
2658L
072788
CLERK
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF ~q~MEIM )
I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify treat
the foregoing Resolution No. 88R-312 was introduced and adopted at a regular
meeting provided by law, of the City Council of the City of Anaheim held on
the 9th day of August, 1988, by the following vote of the members thereof:
AYES:
COUNCIL ~IEMBERS: Ehrle, Kaywood, Pickler and Bay
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: Hunter
AND i FURTHER certify that the ~{ayor of the City of Anaheim signed said
Resolution No. 88R-312 on the 10th day of August, 1988.
iN WITNESS W]4EREOF, I have hereunto set my hand and affixed the seal of the
City o~ Anaheim this 10th day of August, 1988.
CiTY CLERK OF THE CITY OF A_N~JHEIM
(SEAn)
I, LEONOR~ N. SOHL, City Clerk of the City of Anaheim, do hereby certify t~at
tne ioregoing is the original of Resolution No. 8~R-312 duly passed and
adopted by the Anaheim City Council on August 9, 1988.
CITY CLEP, K OF THE CITY OF ~kNJHqEIM