1984-41 RESOLUTION NO. 84-41
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAND
TERRACE, CALIFORNIA, APPROVING THE ISSUANCE OF NOT TO
EXCEED $8,000;000 SINGLE FAMILY CONSTRUCTION HOUSING
NOTES BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF GRAND TERRACE IN THE GRAND TERRACE COMMUNITY
REDEVELOPMENT PROJECT AREA.
The City Council of the City of Grand Terrace DOES HEREBY RESOLVE as
follows:
1. The issuance of Single Family Construction Housing Notes, Series A
of 1984 by the Community Redevelopment Agency; of, the City of Grand Terrace for
the Grand Terrace Community Redevelopment Project Area is hereby approved.
2. A public hearing having been held pursuant to Section 103(k) of
the Internal Revenue Code of 1954, as amended, upon notice duly published not
less than 14 days prior to, the public hearing and all testimony having been
heard and considered, it is the intent of this City Council that this
Resolution shall constitute the approval of the applicable elected
'representative in accordance with Section 103(k) of the Internal Revenue Code
--of 1954, as amended.
.3. This Resolution shall become effective and be in full force and
effect from and after its date of adoption.
ADOPTED this 20th day of December, 1984.
ATTEST:
_City C rk of the City of G d Mayor a an rrace
Terra a and of the City Cou ci 1 and of the 'tyunci 1 there
_thereof.
I, Myrna Erway, City Clerk of the City of Grand Terrace, do hereby
certify that the foregoing Resolution was introduced and adopted at a regular
meeting of the City Council of the City of Grand Terrace held on the 20th day
Of December 1984, by the following vote:
AYES: Councilmembers Petta, Pfennighausen, Evans;
Mayor Grant.
NOES: None.
ABSENT: Councilman Matteson.
ABSTAIN: None.
City C rk
Approved as to form:
City Attorney
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