CC Resolution 1992-075^#B 5
RESOLUTION NO. 9*-7';
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
LA QUINTA, CALIFORNIA, APPROVING THE ISSUANCE BY
THE LA QUINTA REDEVELOPMENT AGENCY OF ITS LA
QUINTA REDEVELOPMENT PROJECT AREA NO. 2, TAX
ALLOCATION BONDS, ISSUE OF 1992 AND MAKING
CERTAIN DETERMINATIONS RELATING THERETO
WHEREAS, the La Quinta Redevelopment Agency the
Agency"), is a redevelopment agency duly created, established
and authorized to transact business and exercise its powers,
all under and pursuant to the Community Redevelopment Law Part
1 of Division 24 commencing with Section 33000) of the Health
and Safety Code of the State of California) and the powers of
the Agency include the power to issue bonds for any of its
corporate purposes; and
WHEREAS, a Redevelopment Plan known as the La Quinta
Redevelopment Agency, La Quinta Redevelopment Project Area No.
2" has been adopted and approved by Ordinance No. 139 of the
City of La Quinta the City"), which became effective on
June 15, 1989 and all requirements of law for and precedent to
the adoption and approval of said Redevelopment Plan have been
duly complied with; and
WHEREAS, the Agency has adopted its Resolution
entitled:
RESOLUTION NO. RA 92-18
RESOLUTION OF THE BOARD OF DIRECTORS OF THE LA
QUINTA REDEVELOPMENT AGENCY APPROVING A DRAFT
INDENTURE OF TRUST SECURING NOT TO EXCFi*fl
S6,O00,000 LA QUINTA REDEVELOPMENT PROJECT AREA NO.
2, TAX ALLOCATION BONDS, ISSUE OF 1992 AND
APPROVING A PRELIMINARY OFFICIAL STATEMENT; and
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WHEREAS, under and pursuant to the above Resolution,
the Agency will authorize the issuance a*d sdle ot not to
exceed $6,000,000 principal amount of its La Quinta
Redevelopment Agency, La Quinta Redevelopment Project Area No.
2, Tax Allocation Bonds, Issue of 1992" the Bonds");
NOW, THEREFORE, BE IT RESOLVED, DETERMINED AND ORDERED
BY THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, AS
FOLLOWS:
Section 1. A*Droval of Issuance of Bonds. The
issuance of a principal amount of Bonds not to exceed
$6,000,000 in order to aid in the financing of the La Quinta
Reaevelopment Froject Area No. 2 and for other purposes related
thereto, all of which constitute a redevelopment activity", as
such term is defined in Health and Safety Code Section 33678,
is hereby authorized and approved pursuant to Health and Safety
Code Section 33640.
Section 2. Authorization of Officers. The Finance
Director of the City and the other officers and members of
staff having responsibility for the affairs of the Agency are
hereby authorized to execute such documents and certificates
necessary to assist the Agency in the issuance of the Bonds.
Section 3. Effective Date. This Resolution shall
take effect upon adoption.
09/09/92
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PASSED, APPROVED AND ADOPTED this 15th d of
September, 1992.
California
SEAL)
erk of the City f
La Quinta, California
09/09/92
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^#BSTATE OF CALIFORNIA CLERK*S CERTIFICATE
COUNTY OF RIVERSIDE ss. RE ADOPTION OF RESOLUTION
CITY OF LA QUINTA
I, SAUNDRA L. JUHOLA, Clerk of the City of La Quinta,
DO HEREBY CERTIFY that the foregoing Resolution was duly
adopted by the City at an adjourned regular meeting of the City
held on the 15th day of September, 1992, and that the same was
passed and adopted by the following vote:
AYES: Council Members Bohnenberqer, Franklin,
Rushworth, Sniff & Mayor Pena
NOES: None
ABSENT: None
ABSTAIN: None
erk of the Ci of La Quinta
SEAL)
09/09/92
ne,nr'***9o*1= A
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STATE OF CALIFORNIA CLERK'S CERTIFICATE
COUNTY OF RIVERSIDE sS. OF *
CITY OF LA QUINTA
I, SAUNDRA L. JUHOLA, Clerk of the City of La Quinta,
DO HEREBY CERTIFY that the above and foregoing is a full, true
and correct copy of Resolution No. 92-75 of the City and that
the Resolution was adopted at the time and by the vote stated
on the above certificate, and has not been amended or repealed.
Dated: September 15, 1992
erk of *he Cit* of L* Quix*ta
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