HomeMy WebLinkAbout2005-09-27 - RESOLUTIONS - CHILD FAMILY CENTER BONDS (2)RESOLUTION NO. 05-118
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SANTA CLARrrA, CALIFORNIA, APPROVING THE ISSUANCE OF
TAX-EXEMPT OBLIGATIONS BY THE CALIFORNIA STATEWIDE
COMMUNITIES DEVELOPMENT AUTHORITY
WHEREAS, Child & Family Center, a nonprofit public benefit corporation described in
Section 501(c)(3) of the Internal Revenue Code of 1986 (the 'Borrower'), has requested that
the California Statewide Communities Development Authority (the 'Issuer") issue its notes,
bonds or any other evidence of indebtedness (the "Obligations") in an aggregate principal
amount not expected to exceed $6,000,000 for the purpose of providing funds for the financing
and refinancing of the acquisition, construction, rehabilitation and improvement of property,
including real and personal property, to be used as, or as a part of, a community mental health
clinic providing counseling, substance abuse services, treatment, education and therapy of
emotional and behavioral problems for children and families (the 'Project") and pay related
costs; and
WHEREAS, the Issuer has requested that the governing body of the City of Santa
Clarita, California (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 held a public hearing on
September 27, 2005, 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 hereby resolve
as follows:
SECTION 1. That 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;
and.
SECTION 2. The 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 27th day of September, 2005.
MAYOR
ATTEST:
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 Santa Clarita at a
regular meeting thereof, held on the 27th day of September, 2005, by the following vote:
AYES: COUNCII.MEMBERS: McLean, Weste, Kellar, Ferry, Smyth
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS: None
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CITY CLERK
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF SANTA CLARITA )
CERTIFICATION OF
CITY COUNCIL RESOLUTION
I, Sharon L. Dawson, City Clerk of the City of Santa Clarita, do hereby certify that this is a true
and correct copy of the original Resolution No. 05-118, adopted by the City Council of the City
of Santa Clarita, California on September 27, 2005, which is now on file in my office.
Witness my hand and seal of the City of Santa Clarita, California, this _ day of
20—•
Sharon L. Dawson, CMC
City Clerk
By
Susan Coffman
Deputy City Clerk
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