HomeMy WebLinkAboutCC RESO 14,387CITY CDUNCIL
OF
THE CITY OF NATIONAL CITY
RESOLUTION NO. 14,387
A RESOLUTION APPROVING THE ISSUANCE AND SALE
OF THE COMMUNITY DEVELOPMENT COMMISSION
OF THE CITY OF NATIONAL CITY,
$9,500,000 DOWNTOWN REDEVELOPMENT PROJECT
TAX ALLOCATION BONDS, SERIES A
WHEREAS, the Community Development Commission of
the City of National City (the "Commission"), by proceedings
duly had and taken, has authorized the issuance of its
$9,500,000 principal amount of Downtown Redevelopment Project
Tax Allocation Bonds, Series A (the "Bonds") for the purpose
of redeeming and refunding certain outstanding tax allocation
bonds of the Commission and for the purpose of providing
additional funds for the redevelopment of the National City
Downtown Redevelopment Project; and
WHEREAS, by its Resolution No. 84-30 adopted on
July 10, 1984, the Commission has approved of the sale of the
Bonds;
NOW, THEREFORE, BE IT RESOLVED by the City Council
of the City of National City, as follows:
1. The issuance and sale of $9,500,000 Downtown
Redevelopment Project Tax Allocation Bonds, Series A, by the
Community Development Commission of the City of National City
is hereby approved.
2. This Resolution shall take effect from and
after its adoption and approval.
PASSED AND ADOPTED July 24, 1984
Mayor of the C'ty of National City
(Seal)
Ci Clerk of the pity of
N- ional City