R-391
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REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA
Resolution No. 39l(RAS)
(Adopted September II, 1984)
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF SANTA MONICA AUTHORIZING THE ISSUANCE OF
$5,700,000 BONDS OF SAID AGENCY TO FINANCE
PORTIONS OF THE COST OF REDEVELOPMENT PROJECTS
KNOWN AS OCEAN PARK PROJECTS No. 1 (A) and No. 1
(B)
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Sect~on
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TABLE OF CONTENTS
Page
Defl.nJ. tJ.ons .............................. 1
Amount, Issuance and Purpose of Bonds ..... 4
Nature of Bonds ........................... 4
Descrl.ptl.on of Bonds ...................... 5
Interes t oil..................................................... 5
Place and Manner of Payment ................ 6
Executlon of Bonds .......................... 6
Transfer of Bonds
6
Exchange of Bonds
7
Bond Regl.ster ............................... 7
OWnership 0 f Bonds .......................... 8
Temporary Bonds ............................. 8
RedemptJ.on of Bonds ......................... 8
Funds ....................................... 11
Disposition of Bond Proceeds ... ............. 12
Issuance of ParJ.ty Bonds .................... 12
Pledged Tax Revenues .......................... 13
Debt Service Fund ............................. 13
Deposit and Investment of Money 1n Funds
and Accounts . .............................. 16
Covenants of the Agency....................... 17
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Section
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Page
Taxat~on of Leased Property................... 19
Fi scal Agent .................................. 20
Lost, Destroyed or Mutilated Bonds ............ 21
Cancellation of Bonds ......................... 21
Amendments without Consent of Bondholders ..... 21
Amendments wlth Consent of Bondholders ........ 22
Calling Bondholders' Meeting .................. 22
Notice 0 f Meeting ............................. 22
Voting Qual~fications ......................... 23
I ssuer-Owned Bonds ............................ 23
Quorum and Procedure .......................... 23
Vote Required ................................. 24
Bond Form ..................................... 24
Proceedings Constitute Contract ............... 29
Defeasance .................................... 30
Severabili ty .................................. 31
E f f ecti ve Da te ................................ 31
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