HomeMy WebLinkAboutResolution No. 2435 RESOLUTION NO. 2435
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY,
CALIFORNIA, APPROVING A CERTAIN RESOLUTION OF THE
COMMISSION OF THE LOS ANGELES COUNTY - DOWNEY REGIONAL
PUBLIC RECREATION AREA AUTHORITY
NOW, THEREFORE, the City Council of the City of Downey, California, DOES
RESOLVE, DETERMINE AND ORDER AS FOLLOWS:
SECTION 1. That a certain resolution of the Commission of the Los Angeles
County- Downey Regional Public Recreation Area Authority, entitled:
RESOLUTION NO. 2
RESOLUTION OF THE COMMISSION OF THE
LOS ANGELES COUNTY - DOWNEY REGIONAL
PUBLIC RECREATION AREA AUTHORITY,
CONSTITUTING ITS INDENTURE PROVIDING
THE TERMS AND CONDITIONS FOR THE
ISSUANCE OF $4,460,000 PRINCIPAL
AMOUNT OF LOS ANGELES COUNTY - DOWNEY
REGIONAL PUBLIC RECREATION AREA
AUTHORITY DOWNEY RECREATION
FACILITIES REVENUE BONDS
having been presented to this Council, is hereby approved.
SECTION 2. That the City Council, pursuant to Section 9 of the Joint
Exercise of Powers Agreement, approves the exchange of part of the bonds for the
acquisition of the Project and the private sale of the remainder of the bonds to
provide for cash to close the transaction.
SECTION 3. That the proper officers and employees of the City of Downey,
are hereby authorized and directed to perform all acts necessary to carry out
the provisions of said Resolution.
ADOPTED, SIGNED AND APPROVED this 13th day of July, 1970.
Ben 'D Corbin, Mayor of the City of
Downey, California
ATTEST:
Ellen C. Davis, City Clerk of the City
of Downey, California
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF DOWNEY )
I, ELLEN C. DAVIS, City Clerk of the City of Downey, California, DO HEREBY
CERTIFY that the foregoing Resolution was duly adopted by the City Council of
said City and was approved by the Mayor of said City at a regular meeting of
said City Council held on the 13th day of July, 1970, and that it was so adopted
as follows:
AYES: 5 Councilmen: Winton, Ferris, Morton, Jennings, Corbin
NOES: 0 Councilmen: None
ABSENT: 0 Councilmen: None
City Clerk of the City of Downey,
California
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF DOWNEY )
I, ELLEN C. DAVIS, City Clerk of the City of Downey, California, DO HEREBY
CERTIFY that the above and foregoing is a full, true and correct copy of
Resolution No. 2435, and that the same has not been amended or repealed.
DATED: July 13, 1970.
City Clerk of the City of Downey,
California