HomeMy WebLinkAbout2000-09-26 - RESOLUTIONS - TEFRA CHILD & FAMILY CENTER (2)RESOLUTION NO. 00-122
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF SANTA CLARITA, CALIFORNIA
APPROVING THE ISSUANCE OF TAX-EXEMPT
OBLIGATIONS BY THE CALIFORNIA
STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY,
IN AN AMOUNT NOT TO EXCEED $2.8 MILLION,
FOR THE CHILD & FAMILY CENTER
A NON-PROFIT PUBLIC BENEFIT CORPORATION
DESCRIBED IN SECTION 501 W3)
OF THE INTERNAL REVENUE CODE OF 1986
WHEREAS, the Borrower, Child & Family Center, has requested that the Issuer issue its
notes, bonds, or any other evidence of indebtedness (the "Obligations") in an aggregate
principal amount not expected to exceed the Maximum Principal Amount for the purpose of
providing funds to finance the Project and pay -related costs; and
WHEREAS, the Issuer, California Statewide Communities Development Authority, has
requested that the governing body of the Local Government Participant approve the
issuance of the Obligations and the Project in order to satisfy the public approval
requirement of Section 147(f) of the Internal Revenue Code of 1986, as amended (the
"Code"), and the requirements of Section 9 of the Amended and Restated Joint Exercise of
Powers Agreement (the "Joint Powers Agreement"), dated as of June 1, 1988, among certain
local agencies, including the Local Government Participant; and
WHEREAS, the Local Government Participant, City of Santa Clarita, held a public hearing
on the Public Hearing date providing a reasonable opportunity for persons to comment on
the issuance of the Obligations and the Project; and
WHEREAS, it is intended that this Resolution shall constitute the approval of the issuance
of the Obligations and the Project required by Section 147(f) of the Code, Section 9 of the
Joint Powers Agreement and Section 91530(f) of the Government Code of the State of
California.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA CLARITA, does
resolve as follows:
SECTION 1: The issuance of the Obligations and the Project are hereby approved for the
purposes of Section 147(f) of the Code and Section 9 of the Joint Powers Agreement.
SECTION 2: The City Clerk of the Local Government Participant shall certify the adoption
of this Resolution, and thenceforth and thereafter the same shall be in full force and effect.
PASSED, APPROVED AND ADOPTED this 26`" day of September. 2000.
IAYOR
ATTEST:
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CITY CLERK
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss
CITY OF SANTA CLARITA )
I. Sharon L. Dawson. CMC. City Clerk of the City of Santa Clarita, do hereby certify that
the foregoing Resolution was duly adopted by the City Council of the City of the Santa
Clarita at a regular meeting thereof, held on the 26`" day of September. 2000, by the
following vote:
AYES: COUNCILMEMBERS:
NOES: COUNCILMEMBERS:
Weste, Smyth, Ferry, Kellar, Darcy
None
ABSENT: COUNCILMEMBERS: None
CITY CLERK