ARA88-023RESOLUTION NO. ARA88-23
A RESOLUTION OF THE ANAHEIM REDEVELOPMENT
AGENCY APPROVING AND AUTHORIZING THE EXECUTION
AND DELIVERY OF A SUPPLEMENT TO LOAN AGREEMENT.
WHEREAS, the Anaheim Redevelopment Agency (the "Agency")
has entered into a Loan Agreement, dated as of September 1, 1988,
among the Agency, The Bank of New York, as trustee, and the Local
Government Finance Authority (the "Agreement"); and
WHEREAS, the Agreement established a Redevelopment Fund
and a Redevelopment Suspense Fund and provides for the deposit and
investment of monies in such funds; and
WHEREAS, in order to provide for the investment of such
! monies in a manner that will ensure a favorable rate of return to
the Agency and compliance with the requirements of the Internal
Revenue Code applicable to such investment, the Agency now desires
to approve and authorize the execution and delivery of a
Supplement to Loan Agreement (the "Supplement").
NOW, THEREFORE, BE IT RESOLVED by the Anaheim
Redevelopment Agency that the Supplement, in the form presented to
the Agency at this meeting, is hereby approved.
BE IT FURTHER RESOLVED that the Executive Director or the
Director of Community Development of the City of Anaheim is hereby
authorized and directed, for and in the name and on behalf of the
Agency, to execute and deliver the Supplement in suchform,
together with such changes thereto as the Executive Director or
the Director of Community Development shall determine.
THE FOREGOING RESOLUTION is approved and adopted by the
Anaheim Redevelopment Agency this 4th day of October ,
1988.
CHAIRMAN
ANAHEIM REDEVELOPMENT AGENCY
ATTEST:
SE R TA Y
ANAHEIM REDEVELOPMENT AGENCY
MES:fm
2756L
092888
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF ANAHEIM )
I, LEONORA N. SOHL, Secretary of the Anaheim Redevelopment Agency, do hereby
certify that the foregoing Resolution No. ARA88-23 was passed and adopted at a
regular meeting of the Anaheim Redevelopment Agency held on the 4th day of
October, 1988, by the following vote of the members thereof: I P
AYES: AGENCY MEMBERS: Ehrle, Hunter, Kaywood, Pickier and Bay
NOES: AGENCY MEMBERS: None
ABSENT: AGENCY MEMBERS: None
AND I FURTHER CERTIFY that the Chairman of the Anaheim Redevelopment Agency
signed said Resolution on the 5th day of October, 1988.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this 5th day of
October, 1988.
SECRETARY OF THE ANAHEIM REDEVELOPMENT
(SEAL)