HomeMy WebLinkAbout5314
RESOLUTION NO. 5314
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ARCADIA, CALIFORNIA, SETTING A CERTAIN PUBLIC
HEARING IN CONNECTION WITH THE COMMITMENT BY THE
ARCADIA REDEVELOPMENT AGENCY FOR THE USE OF TAX
INCREMENT REVENUES TO PAY FOR THE INSTALLATION
AND CONSTRUCTION OF A PUBLICLY OWNED BUILDING
PURSUANT TO HEALTH AND SAFETY CODE SECTION 33679
WHEREAS, the Arcadia Redevelopment Agency (the "Agency")
proposes to issue an aggregate principal amount not to exceed
$4,000,000 of "Arcadia Redevelopment Agency. Central Redevelopment
Project, Tax Allocation Notes. Issue of 1986" (the "Notes"); and
WHEREAS, it is proposed that the Agency and the City of
Arcadia, California (the "City") enter into a certain reimbursement
agreement by and between the Agency and the City (the "Reimbursement
Agreement") whereby the Agency shall pledge all or a portion of
certain tax increment revenues available to the Agency pursuant to
Health and Safety Code Section 33670(b) for reimbursement to the
City of amounts that may be advanced from time to time by the City
for payments to be made in connection with the installation and
construction of a certain publicly owned building all as more fully
described in said Reimbursement Agreement; and
WHEREAS, Health and Safety Code Section 33679 requires that
a public hearing be held by the City Council of the City of Arcadia,
- 1 -
5314
California (the "City Council") prior to the commitment by the
Agency to use tax increment revenues for the purpose of paying all
or part of the cost of the installation and construction of a
publicly owned building which public hearing shall be held by the
City Council of the City; and
WHEREAS, the Agency has approved a certain summary which
has been prepared in accordance with Health and Safety Code
Section 33679 regarding the installation and construction of said
publicly owned building; and
WHEREAS, the Agency has requested the City Council of the
City to conduct a public hearing concerning the commitment of the
Agency to use all or a portion of certain tax increment revenues
which may hereafter be allocated and paid to the Agency for the
purpose of paying all or part of the cost of the installation and
construction of the publicly owned building as more fully described
in said Reimbursement Agreement; and
WHEREAS, it is appropriate at this time for the City
Council of the City to take appropriate action in connection with
said request of the Agency.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ARCADIA,
CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1, The City Council hereby accepts the request
of the Agency, as referenced in the recitals hereof, and the City
- 2 -
5314
Council hereby orders and schedules a public hearing to be conducted
in accordance with Health and Safety Code Section 33679 regarding
the proposed commitment of the Agency to use all or a portion of
certain tax increment revenues ln connection with said Reimbursement
Agreement and said publicly owned building, as follows:
Time:
Date:
Place:
7:30 p,m,
August 19, 1986
City Council Chambers
240 West Huntington Drive
Arcadia, California 91006
SECTION 2.
The City Council is hereby authorized and
directed to publish a notice of said public hearing as ordered and
scheduled in Section 1 of this Resolution substantially in the form
as attached hereto as Exhibit "A" and incorporated herein by this
reference in the manner prescribed by law,
SECTION 3,
This Resolution shall take effect upon
adoption, Passed, approved and adopted this 5th
day of
August
, 1986.
Y17~flf(~'~
Mayor 0 the Ci y of
Arcadia, California
~u 7/!1~
City Clerk of the City 0 Arcadia
-- ,- r -:-'- - :;-
~t-.'-~ ~~\
" ". ~ .'<'~ J-:',-"~v.
,. ~'~:'.~ ','~---~,,~.-,:' .';."- - -
...'-;;r.~_\. _, _;--::'Y',~
. -;::;:;...-..:.."':::.-..._';.,.....'''''::'~G
.>~ 'Z:>v:J~~.,-,
-. ~::./
- 3 -
5314
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES) SS:
CITY OF ARCADIA )
I, CHRISTINE VAN MAANEN, City Clerk of the City of Arcadia,
California, hereby certify that the foregoing Resolution No, 5266
was passed and adopted by the City Council of the City of Arcadia,
California, signed by the Mayor and attested to by the City Clerk at
a regular meeting of said City Council on the 5th day of
August , 1986, and that said Resolution was adopted by the
following vote, to-wit:
AYES: Councilmen Chandler, Gilb, Harbicht and Young
NOES: None
ABSENT: Councilman Lojeski
&~~~~
City Clerk of the City of
Arcadia California
4 -
5314
Exhibit "A"
NOTICE OF THE CITY COUNCIL OF THE CITY OF
ARCADIA, CALIFORNIA SETTING A PUBLIC HEARING
PURSUANT TO HEALTH AND SAFETY CODE SECTION 33679
PUBLIC NOTICE IS HEREBY GIVEN that the City Council of the
City of Arcadia, California (the "City"), shall conduct a public
hearing as required pursuant to Health and Safety Code Section 33679
for the purpose of considering a proposal of the Arcadia
Redevelopment Agency (the "Agency") to commit to use all or a
portion of certain taxes to be allocated and paid to the Agency
pursuant to Health and Safety Code Section 33670(b) pursuant to a
certain proposed Reimbursement Agreement by and between the City and
the Agency, The time, date and place of said public hearing are as
follows:
Time:
Date:
Place:
7:30 p,m.
August 19, 1986
City Council Chambers
240 West Huntington Drive
Arcadia, Californi~ 91006
Said Reimbursement Agreement shall provide for the Agency to
reimburse the City for amounts advanced by the City for payments in
connection with the proposed installation and construction of a
municipal public works yard,
A summary, dated as of August 5, 1986, has been prepared in
accordance with Health and Safety Code Section 33679 regarding the
proposed commitment of the Agency to use all or a portion of certain
A -1