HomeMy WebLinkAboutRESOLUTIONS - 11281995 - 95-598 RESOLUTION NO. 9 5/5 9 8
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF CONTRA
COSTA APPROVING THE ISSUANCE OF BONDS BY THE COUNTY OF CONTRA COSTA
PUBLIC FINANCING AUTHORITY,AND APPROVING THE BORROWING OF BOND
PROCEEDS BY THE CONTRA COSTA COUNTY REDEVELOPMENT AGENCY
WHEREAS, the County of Contra Costa (the "County") and the Contra Costa County
Redevelopment Agency (the"Agency") have heretofore entered into a joint Exercise of Powers
Agreement establishing the County of Contra Costa Public Financing Authority (the
"Authority")for the purpose,among others, of issuing its bonds to be used to provide financial
assistance to the Agency;and
WHEREAS, the Agency has determined to assist the redevelopment of its Bay Point
Redevelopment Project (the 'Redevelopment Project"), and has requested the Authority to
assist the Agency in providing financing for the Redevelopment Project;and
WHEREAS, for the purpose of raising funds necessary to provide such financial
assistance to the Agency, the Authority proposes to authorize the issuance of its revenue bonds
(the "Bonds") under the provisions of Article 4 (commencing with Section 6584) of Chapter 5 of
Division 7 of Title 1 of the Government Code of the State of California, designated as the
County of Contra Costa Public Financing Authority 1995 Tax Allocation Revenue Bonds,Series
B Bay Point Redevelopment Project Area);and
WHEREAS, the proceeds of the Bonds will be applied to make a loan (the "Loan") to
the Agency pursuant to a Loan Agreement, dated as of May 1, 1992, as amended by a First
Supplement thereto,dated as of December 1, 1995 (the "First Supplement"); and
WHEREAS, the Board of Supervisors of the County approves of said transaction as
being in the public interest of the County,the Agency and the Authority.
NOW,THEREFORE, BE IT RESOLVED, DETERMINED AND ORDERED by the Board
of Supervisors of the County, as follows: (1) the issuance of the Bonds by the Authority, the
entering into of the First Supplement by the Agency and the Loan made to the Agency pursuant
thereto,be and are hereby approved, and (2) this Resolution shall take effect from and after the
date of its passage and adoption.
\l.
I hereby certify that the foregoing Resolution was duly adopted by the Board of
Supervisors of Contra Costa County,California, ata regularly scheduled meeting thereof, held
on the 2 8 thday of November, 1995, by the following vote of the Board:
AYES: Supervisors Rogers, Smith, DeSaulnier, Torlakson and Bishop
NOES: None
ABSENT: None
ATTEST:
Phil Batchelor, Clerk of the Board of
Supervisors and County Administrator
ID
By:
Deputy
13093-03:JI992
11/07/95
2
95/598
Ms.Rita J. Rowell
Deputy Secretary of State
State of California
Personnel Department
1500 11th Street
Sacramento, California 95814
Dear Ms. Rowell:
In accordance with the Uniform Facsimile Signatures of Public Officials Act
(Government Code §5500 et sea .) we hereby file with you the manual signatures of the Chair
and Secretary,respectively, of the County of Contra Costa Public Financing Authority, certified
by us under loath.
Please acknowledge receipt of this filing on the enclosed copy and return it in the self-
addressed envelope provided.
MANUAL SIGNATURE
NAME Gayle Bishop
TITLE OF OFFICE Chair
MANUAL SIGNATURE
NAME Phil Batchelor
TITLE OF OFFICE Secretary
ADDRESS County of Contra Costa Public
Financing Authority
County Administration Building
651 Pine Street,4th Floor,North Wing
Martinez,California 94553