HomeMy WebLinkAboutResolution - 1664 Ii
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FEEELiJT I Cr1 hdE7.
RESO..UTiOi',Y OF THE SIT`i COUNCIL CF THE F 'T`f CI7 =Ary
r'+CINTO, CALIFORNIA, 1NDI CAT TIc -T HTENT
ROV1DE 11'-1A NI C I N G 1'll CO IP 6f1-"N i T.'-' HE flu' 1
r,a'9IL`a 1171L'SI !8 PROJECT 15F?Oi-Or'_'-- _ _.CDOEA t•S,SO ,r� E�
1
.5 WHEREAS, t7e 7� tv u anti r the f =n az a
authora ed pu ejant to Chapter Comm-IC y w th -cr1„l E,�`
Fart S D{ c iSic 31 th .Pal ,;-
to ^rov inancial _ sis a'^-= or n1jit1 'amz
g eS;derrl I've Loo(rer_S .41 rh n the 'i tv :c
j
WHEREAS, -Ccoda Assaciaces has Tuues.eJ -�,.
rcr.re *ier 11tr. -)e crs �j,_ ur
�J no c o.,er Cr ec ccLe 1—3rod i _von
C I UIl LI US end _rtAe n 3evrll -no Sha'Jer
10 :Esters P'cuitain ,.enue r the zf �n
`ter the Rro.;ec t" and
11
WHEREAS, "- t:ity 3- ,n inducement taouta Associates
12 -): ding to a��thurize the issuance of cbiagations in an nou
sutf ici ent to provide firanzing for the Rroject =_ublect ._ t
13 restrictions of .he Act and ail applicable State and Teder
laws a they presently exist, providinc that the rreja
141 receives all necessary governmental aeprovais.
15 NOW, THEREFORE, 6E IT RESOLVED by the Lit' --c ur7C i 1 _r
Si tv of San Sac into as fnl iows:
lfi,l
Section 1. The City . punt h herep, determines tt3t
17 undertaking of 'he -FIC IIn et he p ropos_d Prn 7ec* nr
City will de a subat anti sl factor it the accrual er cool
18 b=nefits t❑ de recaiveci rom the Pro ±ect, should the Proie
Le aDpro',ed a^❑ ccnstructpd. and that the ;
191 s in accorr ante ntn t.hp uurooses 3rd eau-: =noon s
ct.
20I, _
1� Section 2. Subject .o _ rnmpletlpr c,t -:he rrr -enr�
and other ratters elaisTo therpto, the + A tIST 3_L
of .ram .it Counts : . an7 _ .r
uoject , `he ,.-cSosed - _ .. .
22 - cpi -.r:c a1 notes=_ary coperr mental agar jva1 s,
„u nc red =ire �o •ado :ar a a t - a-, --
2311 _mpa e r _ � .her ergo _nt . =p,cr rRd c.
throw r �.ne issua� ra _,bli ati r, r ar
2411 =opro _tsl =35
�> IecessarJ to -iraanc- the - -.
`�1
fhe o'clic'a+ T-s cu Le ,=-sued m all
Section 3. _ - _-_-
26 hilSatlnn c he C tv Day aoIS soles nm _venues -�
Pceiti t _..c -;rr nt o a ar rthe
21� aoreeme� t ar, a orn acCeptaole +hS C. sod nnin
-
I Y1d S-1 a @ d genera i Jl7 atlGi' _ f`te .SV _':ate _.
28:1 .c
II
29) � -
• � Section 4, _ vavnr
e
3Q�� _xr, r _ nr Z adv..__
-
Omni i S-,r- tr 1 n di -eQu: pert= rIS _
all cr e5_3 i ar t5 c -CD - s1= n-1 ._ ,.c ('pl1
] I _
Tr...
i
-L ,
Paqe 2
i. Section S. -he Ci is r=cv u7hcr =d n nmTmenc._ ...
ro Jac t s intended t.7 this Ro_ ^
_ ma r.I -nns ittrt
Torre o m r _ i_or r_ "F, Z, a c7inn
1 0eotedmr rmIn hp can rq of rrA 1t"r "a! Rev.n-,e _ ,ce o
li s � .as merc Ed.
j j. r
` Section 6.' he acoprior, hi csorutic�n Hall _ r.
(i 1 e It C 1T Ue nond inrI 'd i1c, _1i " her e z P_=_ter
____ns I m, er
I' -aoP ! lcac'= _a,S. The accctian ct - -+es iuti n It,-e= -;a
1; and sma 11 r:nt 1 -mit in any manger s=:hatscever the _Stv s
n)Sci'etlnn to den,' anv T! rF-her Uarm t cr oprcval +nat may
_r_a:ate �c;Tol r, z„ C , r�,.e _ jp..sEc Pro. eot .
Section 7. ssrb I ec 3 + ar 1tro e tr1r ..1_:n
10 t -na_ Revenue Code eT '9 t he I r de 11 _rr -nu'T
„ 't Cre ;,er ent CT r e Ti St and b5jU
11r T1r11rr ct ' 3s6ued bonos t. reimburse it `'or its adm ini str at
SSC1anCe.
12
Section 8. -his resolution ahall eke errect immediate:
13 ''' ucon adoption.
it
14', MOVED, PASSED and ADOPTED this ith day of 0c tober, 1986.
1, khe 'cLc;:ing ote:
16 ?,ES: C❑unciimen Ford, Stevens, Redding, Divine and Stuart
I7
JCES: None
13, �eSE'vr: one
1/
2111 ATTEST:
� V
9-2,
J
23i
9-4
251 CERTIFICATE
2G�� _ t1T en `:n e { `r?
-ne or-eaC.^c is r `rye -ory esalu- i
1� �o . ta&4 cui , !no t._d r. -h= id C 1 tn- Itv
4:
27! dare
rg�I
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