CC RES 1997-102RESOLUTION NO. 97 -102
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF RANCHO PALOS VERDES APPROVING THE ISSUANCE
AND SALE OF THE RANCHO PALOS VERDES
REDEVELOPMENT AGENCY, PROJECT AREA NO. 1, TAX
ALLOCATION BOND, ISSUE OF 1997
RECITALS:
The Rancho Palos Verdes Redevelopment Agency (the
"Agency ") has proposed to issue a bond (the "Bond ") pursuant to
its Resolution 97 -21, entitled "A Resolution of the Rancho Palos
Verdes Redevelopment Agency Authorizing the Issuance of Its
Project Area No. 1, Tax Allocation Bond, Issue of 1997, to
Refinance a Portion of the Cost of the Redevelopment Project and
Providing for the Sale of the Bond to the Rancho Palos Verdes
Improvement Authority ", a copy of which has been presented to the
City Council at this meeting and a copy of which is now on file
in the office of the Secretary of the Agency.
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO
PALOS VERDES HEREBY FINDS, DETERMINES, RESOLVES AND ORDERS AS
FOLLOWS:
Section 1. The issuance and sale of the Bond by the
Agency, in accordance with the terms and conditions set forth in
the Resolution described in the recitals hereof, is hereby
approved.
Section 2. This Resolution shall take effect
immediately upon adoption.
PASSED, APPROVED and ADOPTED this 18th day of November,
1997.
AYES: FERRARO, BYRD, HOLLINGSWORTH, LYON AND MAYOR McTAGGART
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
May6i�
ATTEST:- n U0
City Clerk
State of California )
County of Los Angeles )SS
City of Rancho Palos Verdes )
I, JO PURCELL, City Clerk of the City of Rancho Palos Verdes
hereby certify that the above Resolution No. 97 -102 was duly and
regularly passed and adopted by the said City Council at a
regular meeting thereof held on November 199 .
r
City Clerk
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