HomeMy WebLinkAbout1990-07-24 - RESOLUTIONS - CORP YARD FACILITY ACQUISITION (2)RESOLUTION NO. 90-147
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF SANTA CLARITA PROVIDING THAT PAYMENTS
MADE BY THE CITY IN CONNECTION WITH THE ACQUISITION
OF A CITY CORPORATION YARD FACILITY ARE TO BE MADE IN
ANTICIPATION OF REIMBURSEMENT FROM THE PROCEEDS OF A
PLANNED LEASE FINANCING WITH TAX EXEMPT FINANCING
TO BE ACCOMPLISHED BY THE CITY AND AUTHORIZING AND
DIRECTING CERTAIN ACTIONS WITH RESPECT THERETO
WHEREAS, the City is proposing to proceed with a lease financing with
tax exempt financing; and
WHEREAS, in connection therewith, the City proposes to finance the
acquisition of real property located at 25663 West Avenue Stanford, in the
City of Santa Clarita, for use as a City corporation yard facility (the
"Project"), and it is in the best interest of the City, is in the public
interest and is for the public benefit that the City set forth the expectation
of reimbursement from the proceeds of such proposed financing;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA CLARITA DOES
RESOLVE, DETERMINE AND ORDER AS FOLLOWS:
SECTION 1. Any payments made by the City from its General Fund in
connection with the Project prior to the consummation of the proposed lease
financing with tax exempt financing means are intended to be made strictly in
anticipation of reimbursement therefor from the proceeds of such financing.
SECTION 2. The Mayor, and/or the City Manager and/or the Director of
Finance are hereby authorized and directed to do any and all things and take
any and all actions which may be necessary or advisable in accordance with
this Resolution.
SECTION 3. This Resolution shall take effect immediately.
SECTION 4. The City Clerk shall certify the adoption of this Resolution.
PASSED, APPROVED AND ADOPTED this 24th day of July , 1990.
CITY OF SANTA CLARITA
MAYOR
.� I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the
City Council of the City of Santa Clarita at a regular meeting thereof, held
on the 24th day of July , 1990 by the following vote of the
Council:
AYES: COUNCILMEMBERS Boyer, Heidt, Klajic, McKeon, Darcy
NOES: COUNCILMEMBERS None
ABSENT: COUNCILMEMBERS None
CITY C RK