HomeMy WebLinkAboutResolution No. 6512 (Industrial Bonds El Marinero II)• r
RESOLUTION NO. 6512
A RESOLUTION APPROVING ISSUANCE OF INDUSTRIAL
DEVELOPMENT BONDS FOR THE EL MARINERO II PROJECT
WHEREAS, the City Council of the City of San Rafael
(the "City") has, by Resolution No. 6499, adopted on
March 21, 1983, approved the issuance of the "City of San
Rafael Certificate of Deposit Revenue Bonds (El Marinero II
Project) 1983 Series A" (the "Bonds") to finance the acquisition
and construction by EquiReal Development Corporation of an
office and retail building to be located at Nos. 10 and 20
North San Pedro Road in the City; and
WHEREAS, pursuant to Section 103(k) of the Internal
Revenue Code, as amended (the "Code"), the Bonds may not be
delivered until approved, by an elected representative of the
issuer of the Bonds, following a public hearing; and
WHEREAS, this City Council is the elected legislative
body of the City of San Rafael; and
WHEREAS, the Project is located wholly within the
City of San Rafael; and
WHEREAS, this City Council caused a notice to appear
in the Independent-Journal, which is a newspaper of general
circulation in the City, on March 18, 1983, to the effect that
a public hearing would be held by this City Council on
April 4, 1983 regarding the issuance of the Bonds and the nature
and location of the Project; and
WHEREAS, this City Council held the said public
hearing on such date, at which time an opportunity was provided
to present arguments both for and against the issuance of the
Bonds and the nature and location of the Project;
Nm'l, THEREFORE, BE IT RESOLVED by the Council of the
City of San Rafael, as follows:
Section 1. The Bonds are hereby authorized to be
issued as and to the extent provided in Resolution No. 6499.
Section 2. This resolution should take effect
immediately upon its passage.
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_ RESOLUTION NO. E 2
I JEANNE M. LEONCINI, Clerk of the City of San Rafael,
hereby certify that the foregoing resolution was duly and
regularly introduced and adopted at a regular meeting of the
Council of said City on Monday, the 4th day of April, 1983,
by the following vote, to wit:
AYES: COUNCILME1ffiERS: Breiner, Frugoli, Jensen , Miskimen & Mayor Mulrya
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS: None
J~LEONCII~lerk
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