ARA1981-028RESOLUTION NO. ARASI -28
A RESOLUTION OF THE ANAHEIM REDEVELOPMENT
AGENCY AUTHORIZING THE ISSUANCE OF BONDS
FOR THE PURPOSE OF PROVIDING FINANCING FOR
COMMERCIAL STRUCTURES TO BE DEVELOPED BY
VILLAGE CENTER DEVELOPMENT GROUP.
WHEREAS, the Anaheim Redevelopment Agency is authorized
by Chapter 8 (commencing with Section 33750) of Part 1, Division
24 of the California Health and Safety Code (the "Act ") to issue
and sell its bonds for the purpose of providing construction and
permanent financing for the construction of commercial facilities
located within a redevelopment project area of the Agency; and
WHEREAS, Village Center Development Group (the
"Developer ") has requested the Agency to issue and sell its bonds
for the purpose of providing financing for certain commercial faci-
lities to be constructed and developed by the Developer within a
redevelopment project area of the Agency and the Agency wishes to
induce the Developers to construct and develop said commercial
facilities in said area; and
WHEREAS, it is in the public interest, for public bene-
fit and in .furtherance of the public purposes of the Agency that
the Agency authorize bonds for the aforesaid purposes.
NOW, THEREFORE, BE IT RESOLVED that the Anaheim
Redevelopment Agency finds, determines and orders as follows:
1. The Anaheim Redevelopment Agency hereby authorizes the
issuance and sale of bonds of the Agency pursuant to the Act in
a principal amount of not to exceed Six Million Dollars ($6,000,000)
for the purpose of providing financing to the Developer for the
acquisition, construction and development of commercial facilities
including retail stores, a restaurant, parking and related and
auxiliary facilities (the "Project ") to be located at the south-
east corner of Anaheim Boulevard and Lincoln Avenue in the City of
Anaheim.
2. The issuance and sale of said bonds shall be upon such
terms and conditions as may be mutually agreed upon by the Agency,
the Developer and the purchaser of said bonds and shall be subject
to completion of proceedings for issuance, sale and delivery by
the Agency.
3. The proceeds of the bonds referred to in Paragraph 1
shall include such related and necessary issuance expenses, admin-
istrative costs, debt service reserves and interest payments as
may be required to accomplish successfully the financing.
4. The Agency hereby finds that the issuance of the bonds
as more particularly described herein is a substantial inducement
to the Developer to construct the Project and said Project will
further the public purposes of this Agency.
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THE FOREGOING RESOLUTION is approved and adopted by the
Anaheim Redevelopment Agency this 29th day of September, 1981.
ATTEST:
SECRETARY
ANAHEIM REDEVELOPMENT AGENCY
FAL,JR:fm
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STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF ANAHEIM )
I, LINDA D. ROBERTS, Secretary of the Anaheim Redevelopment Agency, do hereby
certify that the foregoing Resolution No. ARA81 -28 was passed and adopted at a
regular meeting of the Anaheim Redevelopment Agency held on the 29th day of
September, 1981, by the following vote of the members thereof:
AYES: AGENCY MEMBERS: Overholt, Kaywood, Bay, Roth and Seymour
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 29th day of September, 1981.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this 29th day of
September, 1981.
SEC TAR F TH 4E
IM DEVELOPMENT AGENCY
(SEAL)