HomeMy WebLinkAbout2008-05-13 - RESOLUTIONS - SCRDA HOUSING SET ASIDE BONDS (2)RESOLUTION NO. 08-38
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SANTA CLARITA, CALIFORNIA, APPROVING THE ISSUANCE, SALE AND
DELIVERY BY THE CITY OF SANTA CLARITA REDEVELOPMENT AGENCY OF
ITS HOUSING SET-ASIDE TAX ALLOCATION BONDS, SERIES 2008
WHEREAS, the City of Santa Clarita Redevelopment Agency (the "Agency") is
authorized pursuant to the Community Redevelopment Law, being Part 1 of Division 24
(commencing with Section 33000) of the Health and Safety Code of the State of California (the
"Law") and Part 1.7 of Division 24 of the Health and Safety Code of the State of California to
incur indebtedness for the purpose of financing and refinancing certain redevelopment activities
within and of benefit to its Newhall Redevelopment Project Area (the "Project Area-); and
WHEREAS, to provide funds to finance certain housing activities; pi=ojects, and programs
of benefit to the community, the Agency has determined to issue bonds pursuant,tp'th6Housing
Indenture, dated as of June 1, 2008, by and between the Agency and th6,Tru4ee, to be designated
as the "City of Santa Clarita, Housing Set -Aside Tax Allocation Bonds,;r$enes 2008" (the
"Housing Bonds"); and
WHEREAS, Section 33640 of the Law requires the Agency to obtain the approval of the
. City Council of the City of Santa Clarita (the "City") prior to the issuance of the Housing Bonds;
and
WHEREAS, the City Council, with the aid of its staff, has reviewed the documentation
related to the issuance of the Housing Bonds, which documentation is on file with the City Clerk
of the City of Santa Clarita, and wishes to approve the issuance, sale, and delivery of the Housing
Bonds by the Agency.
NOW, THEREFORE, the City Council of the City of Santa Clarita does hereby resolve as
follows:
SECTION 1. The City hereby approves the issuance, sale, and delivery of the Housing
Bonds by the Agency.
SECTION 2. The Mayor, the City Manager, the Deputy City Manager & Director of
Administrative Services, the City Clerk, or any of them or their appointed and authorized
designees acting in such capacities, are hereby authorized and directed to execute and deliver any
and all documents and instruments and to do and cause to be done any and all acts and things
necessary or proper for carrying out the transactions contemplated by this Resolution or in
connection with the sale of the Housing Bonds.
SECTION 3, The City Clerk shall certify to the adoption of this Resolution, and
thenceforth and thereafter the same shall be in full force and effect Notwithstanding the
foregoing, such certification and any of the other duties and responsibilities assigned to the City
Clerk pursuant to this Resolution may be performed by a Deputy City Clerk with the same force
and effect as if performed by the City Clerk hereunder.
PASSED, APPROVED AND ADOPTED this 13th day of May, 2008.
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ATTEST:
CITY CLERIC-,
STATE OF CAr lF01 RNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF SANTA CLARITA )
I, Sharon L. Dawson, CMC, City Clerk of the City of Santa Clanta, 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 13th day of May, 2008, by the following vote:
AYES: COUNCILMEMBERS: Weste, Ferry, McLean, Ender, Kellar
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS: None
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Ej 10 � W DAM Z
CITY CLERK
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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. 08-38, adopted by the City Council of the City of
Santa Clarita, California on May 13, 2008, which is now on file in my office.
Witness my hand and seal of the City of Santa Clarita, California, this day of
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Sharon L. Dawson, CMC
City Clerk
By
Susan Caputo
Deputy City Clerk
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