HomeMy WebLinkAbout10-011 CC Resolution RESOLUTION NO. 10 -11
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF TEMECULA APPROVING THE ISSUANCE BY THE
REDEVELOPMENT AGENCY OF THE CITY OF
TEMECULA OF TAX ALLOCATION HOUSING BONDS
THE CITY COUNCIL OF THE CITY OF TEMECULA DOES HEREBY RESOLVE
AS FOLLOWS:
Section 1. The Redevelopment Agency of the City of Temecula (the "Agency ")
has determined at this time to issue its Redevelopment Agency of the City of Temecula,
Temecula Redevelopment Project No. 1 2010 Tax Allocation Housing Bonds (the
"Bonds") to provide funds to finance certain housing activities of the Agency
Section 2. In accordance with the requirements of Section 33640 of the
California Health and Safety Code, the City Council wishes at this time to approve the
issuance and sale of the Bonds by the Agency.
Section 3. The issuance and sale of the Bonds by the Agency in the
aggregate principal amount of not to exceed $15,000,000, and the use of the proceeds
of the Bonds to finance housing activities of the Agency is hereby approved.
111 Section 4. This Resolution shall take effect upon its adoption.
PASSED, APPROVED, AND ADOPTED by the City Council of the City of
Temecula this 9th day of February, 2010.
k at 1,/ Or Jeff Comerchero, Mayor
ATTEST:
/ila
usan W. one., MMC
City Cler
[SEAL]
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' STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Susan W. Jones, MMC, City Clerk of the City of Temecula, do hereby certify that
the foregoing Resolution No. 10 -11 was duly and regularly adopted by the City Council of
the City of Temecula at a meeting thereof held on the 9th day of February, 2010, by the
following vote:
AYES: 5 COUNCIL MEMBERS: Edwards, Naggar, Roberts, Washington,
Comerchero
NOES: 0 COUNCIL MEMBERS: None
ABSENT: 0 COUNCIL MEMBERS: None
ABSTAIN: 0 COUNCIL MEMBERS: None
I
i
NIF ' Jon, MMC
City es Clerk
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