HomeMy WebLinkAbout1992-10-27 - RESOLUTIONS - CIP SPECIFIC PROJS INCLUSION (2)NO. 92-207
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA
CLARITA, AUTHORIZING THE INCLUSION OF SPECIFIC
PROJECTS WITHIN THE DEFINITION OF "PROJECT" RELATING
TO $22,940,000 CERTIFICATES OF PARTICIPATION (CAPITAL
IMPROVEMENT PROJECTS)
WHEREAS, the City of Santa Clarita, California (the
"City") has authorized the execution, sale and delivery of
the $22,940,000 Certificates of Participation (Capital
improvement Projects) Evidencing a Proportionate Interest
of the Owners Thereof In Lease Payments To Be Made By the
City of Santa Clarita (Los Angeles County, California) to
the Redevelopment Agency of the City of Santa Clarita (the
"Certificates") pursuant to its Resolution No. 91-145
adopted on September 10, 1991 and the Fiscal Agent
Agreement by and between the Redevelopment Agency of the
City of Santa Clarita (the "Agency") and the Santa Clarita
Public Financing Authority (the "Authority") dated
October 1, 1991 (the "Fiscal Agent Agreement") to finance
certain public capital public capital improvement
projects; and
WHEREAS, the capital improvement projects to be
financed by the proceeds from the sale of the Certificates
include a portion of the City Hall Building (Valencia
National Bank Building), Soledad Canyon Road Improvements,
City Yard Building and other public capital improvement
projects permitted under the Fiscal Agent Agreement which
includes "other additional public capital improvements
projects permissible under the Bond Law (hereinafter
defined), which are authorized by resolution of the City
Council of the City";
WHEREAS, it is necessary, desirable and in the best
interests of the City to specify additional public capital
improvements projects as permitted under the Fiscal Agent
Agreement;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF SANTA CLARITA, CALIFORNIA AS FOLLOWS:
Section 1. Each of the above recitals is true and
correct.
Section 2. The City hereby finds and determines that
it is necessary, desirable and in the best interests of
the City to specify additional public capital improvement
projects as permitted under the Fiscal Agent Agreement;
Section 3. The City hereby finds and determines that
acquiring and constructing a temporary parking lot on
property adjacent to the City Hall to park cars, including
the City fleet, and designing and constructing a
publicly -owned parking structure located at 23920 valenica
Boulevard (collectively referred to as "Parking
Facilities") are public capital improvement projects
permissible under applicable Bond law, being California
Government Code Sections 6584 et sea. (the "Bond Law") and
will not cause the Agency to be in breach of Section 705
of the Fiscal Agent Agreement.
Section 4. The City hereby designates the Parking
Facilities as an authorized project under the Fiscal Agent
Agreement which may be financed by the proceeds from the
sale of the Certificates.
Section 5. This Resolution shall take effect and be
in full force from and after its adoption by the City
Council of the City.
ADOPTED by the City Council of the City of Santa
Clarita, California this 2_Uhday of ncrnhpr, 1992.
CITY OF SANTA CLARITA, CALIFORNIA
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MAYOR
(SEAL)
ATTEST:
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STATE OF CALIFORNIA0. )
COUNTY OF LOS ANGELES ) as
CITY OF SANTA CLARITA )
I, DONNA M. GRINDEY, DO HEREBY CERTIFY the above and foregoing Resolution was
duly adopted by the City Council of the City of Santa Clarita at a regular
meeting thereof, held on the 27th day of Oct. 1992 by the following vote
of Council:
AYES: COUNCILMEMBERS: Boyer, Darcy, Heidt, Pederson, Klajic
NOES: COUNCILMEMBERS None
ABSENT: COUNCILMEMBERS: None
4nina M. Grin•ey, City C1