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R-18180
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General - Type
Resolutions
General 2 - Date
2/9/1993
Number
R-18180
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RESOLUTION NO. ]8]80 <br /> <br /> RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br /> RIVERSIDE APPROVING THE ISSUANCE AND SALE BY THE <br /> REDEVELOPMENT AGENCY OF THE CITY OF RIVERSIDE OF ITS <br /> TAX ALLOCATION REFUNDING BONDS <br /> (CASA BLANCA REDEVELOPMENT PROJECT) 1993 SERIES A <br /> <br /> WHEREAS, the Redevelopment Agency of the City of Riverside <br />(the "Agency") has determined to issue and sell its Tax <br />Allocation Refunding Bonds (Casa Blanca Redevelopment Project) <br />1993 Series A (the Bonds"), in the aggregate principal amount of <br />not to exceed $15,000,000, which will be used (i) to advanoe <br />refund certain tax allocation obligations of the Agency's Casa <br />Blanca Redevelopment Project (the "Project"), including the <br />$5,000,000 aggregate principal amount of Casa Blanca <br />Redevelopment Project, 1978 Tax Allocation Bonds, (ii) to finance <br />redevelopment activities within the Project, including low and <br />moderate income housing projects, (iii) to provide for a reserve, <br />and (iv) to pay costs of issuance relating to the Bonds; <br /> <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council of <br />the City of Riverside, as follows: <br /> <br /> Section 1 The issuance and sale of the Redevelopment <br />Agency of the City gf Riverside Tax Allocation Refunding Bonds <br />(Casa Blanca Redevelopment Project) 1993 Series A, as provided in <br />a resolution duly adopted by the Agency is hereby approved. <br /> <br /> Section 2. This Resolution shall take effect from and <br />after its adoption and approval. <br /> <br /> Adopted by the City Council and signed by the Mayor <br />this 9th day of February , 1993. <br /> <br /> City Clerk <br /> <br />LA1-254400 .V2/715,083-020 01/28/93 <br /> <br /> <br />
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