R-8486
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RESOLUTION NO. ~6(CcS)
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SANTA MONICA APPROVING THE ISSUANCE AND SALE BY THE
REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA OF ITS
OCEAN PARK REDEVELOPMENT PROJECTS TAX ALLOCATION
REFUNDING BONDS, SERIES 1992
WHEREAS, the Redevelopment Agency of the city of santa
Monica (the "Agency") has determined to issue and sell its Ocean
Park Redevelopment Projects Tax Allocation Refunding Bonds,
series 1992, for the purpose of (i) refunding the Agency's
outstanding Ocean Park Redevelopment project Tax Allocation
Bonds, series 1988A and Series 1989B, and (ii) refinancing
certain indebtedness of the Agency evidenced by promissory notes
in accordance with applicable law and a resolution duly adopted
by the Agency (the "Resolutionn); and
NOW, THEREFORE, BE IT RESOLVED by the city council of the
city of santa Monica, as follows:
Section 1. The issuance of Redevelopment Agency of the
City of Santa Monica, Ocean Park Redevelopment Projects Tax
Allocation Refunding Bonds, Series 1992 by the Agency, as
provided in the Resolution is hereby approved.
Section 2.
This Resolution shall take effect from and
after its adoption and approval.
APPROVED AS TO FORM
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~ting City Attorney
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Adopted and approved this 13th day of october, 1992.
I hereby certify that the foregoing Resolution No. 8486(CCS)
was duly adopted by the City Council of the City of Santa Monica
at a meeting thereof held on October l3, 1992 by the following
council vote:
Ayes: Councilmembers: Abdo, Genser, Holbrook, Ka t z ,
Olsen
Noes: Councilmembers: None
Abstain: Councilmembers: Vazquez
Absent: Councilmembers: Zane
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ATTEST:
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~ City. Clerk <.. .