HomeMy WebLinkAboutRES CC 1999 1594 1999 0421RESOLUTION NO. 99 -1594
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, APPROVING THE ISSUANCE BY THE
REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK OF TAX
ALLOCATION BONDS TO REFUND THE AGENCY'S OUTSTANDING
MOORPARK REDEVELOPMENT PROJECT 1993 TAX ALLOCATION
BONDS
WHEREAS, the Redevelopment Agency of the City of Moorpark
(the "Agency") has determined at this time, due to prevailing
interest rates in the municipal bond market, to issue its
Redevelopment Agency of the City of Moorpark Moorpark
Redevelopment Project 1999 Tax Allocation Refunding Bonds (the
"Bonds "), under the provisions of Articles 10 and 11 of Chapter 3
of Part 1 of Division 2 of Title 5 of the California Government
Code, commencing with section 53570 of said Code (the "Bond
Law"), the principal of and interest on which will be payable
from the tax increment revenues from the Redevelopment Project,
to finance redevelopment activities within or of benefit to the
Redevelopment Project and specifically to refund its Moorpark
Redevelopment Project 1993 Tax Allocation Bonds issued pursuant
to an indenture of trust, dated as of June 1, 1993, in the
aggregate principal amount of $10,000,000, of which $8,910,000
remains outstanding; and
WHEREAS, in accordance with the requirements of Section
33640 of the California Health and Safety Code, the Council
wishes at this time to approve the issuance and sale of the Bonds
by the Agency.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK
DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. Approval of the Bonds. The issuance and sale of
the Bonds by the Agency for the purpose of refunding the 1993
Bonds is hereby approved.
SECTION 2. Effective Date. This Resolution shall take effect
from and after the date of its passage and adoption.
SECTION 3. The City Clerk shall certify to the adoption of
this Resolution and shall cause a certified Resolution to be
filed in the book of original Resolutions.
Resolution No. 99 -1594
Page 2
PASSED AND ADOPTED THIS
ATTEST:
S,
Deborah S. Traffen dt, City Clerk
Resolution No. 99 -1594
Page 3
STATE OF CALIFORNIA )
COUNTY OF VENTURA )
CITY OF MOORPARK )
ss.
I, Deborah S. Traffenstedt, City Clerk of the City of
Moorpark, California, do hereby certify under penalty of perjury
that the foregoing Resolution No. 99 -1594 was adopted by the City
Council of the City of Moorpark at a meeting held on the 21st day
of April, 1999, and that the same was adopted by the following
vote:
AYES: Councilmembers Evans, Harper, Rodgers, Wozniak and
Mayor Hunter
NOES: None
ABSENT: None
ABSTAIN: None
WITNESS my hand and the official seal of said City this 28th
day of April, 1999.
�.
Deborah S. Traffenst City Clerk
(seal)