HomeMy WebLinkAboutRESOLUTIONS - 01012000 - 2000-410 rx:SMaaw
"SOLUTION NO..ZQQS7/410
COUNTY OF CONTRA COSTA,CALIFORNIA
RESOLUTION APPROVING ISSUANCE BY THE COUNTY OF CONTRA COSTA OF BONDS
RELATING TO PINECREST AND CAMARA CIRCLE APARTMENTS
WHEREAS, the County of Contra Costa (the "County") proposes to issue one or more
series of multifamily housing revenue bonds (the "Bonds") in a total amount of not to exceed
$5,526,000 and to lend the proceeds thereof to one or more limited partnerships to be formed
with Resources for Community Development, as managing general partner, to be used for the
acquisition and rehabilitation of Pinecrest Apartments,1945 and 1949 Cavallo Road,Antioch(24
units-$4,000,000), and Camara Circle, 2501, 2513, 2525, 2530, 2531, 2536, 2537, 2549, 2554, 2555
and 2566 Camara Circle Apartments,Concord(52 units-$1,526,000).
WHEREAS, Section 147(f) of the Internal Revenue Code of 1986, requires the Board of
Supervisors (the "Board"), as the elected representative of the County, the host jurisdiction of
such facilities, to approve the issuance of the Bonds after a public hearing has been held
following reasonable notice;
WHEREAS, a public hearing was held by the Deputy Director-Redevelopment (the
"County") on the 12th day of June, 2000, at the hour of 2.00 p.m., in Room 106 at 651 Pine Street,
Martinez, California, following duly published notice thereof, and all persons desiring to be
heard have been heard; and
WHEREAS, it is in the public interest and for the public benefit that the Board, as the
elected representative of the County,the host jurisdiction of such facilities,approve the issuance
and delivery by the County of the Bonds;
NOW, THEREFORE, BE IT RESOLVED that the Board of Supervisors of the County of
Contra Costa hereby finds, determines and declares that issuance by the County of the Bonds in
the maximum principal amount of $5,526,000, for the purposes described above is hereby
approved,subject to approval of the final documents by this Board
I, the undersigned Clerk of the Board of Supervisors of the County of Contra Costa,
hereby certify that the foregoing is a full, true and correct copy of a resolution duly adopted by
the Board of Supervisors of the County at a meeting thereof on the 25thday of July, 2000 by the
following vote of the members thereof.-
AYES:
hereof:AYES: SUPERVISORS GIOIA, UILKEMA, DESAULNIER, CANCIAMILLA and GERBER
NOES: NONE
ABSTAIN: NONE
ABSENT: NONE
(25iair
ATTEST:
Clerk of the Board of Supervis rs