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RESOLUTION NO. 90-009 ' ' 26'~ <br />PAGE TWO <br /> <br /> WI~REA~, this City Council has duly held said public hearing with <br />respect to the Project and its proposed financing, all in accordance with <br />Section 147(f) of the Code, and at which public hearing interested individuals <br />were given a reasonable opportunity to express their views on the Project and <br />its proposed financing. <br /> <br />NOW, I~REFORE, BE IT ~SOLVED as follows: <br /> <br /> 1. That this City Council hereby approves the financing of the <br />Project through the issuance of Bonds by the City for Town and Country <br />and finds that the foregoing recitals are true and correct. This <br />approval is intended to satisfy the requirements of Section 147(f) of <br />the Code. <br /> <br /> 2. That the Application of Town and Country for such financing <br />is hereby accepted and approved and the preparation of legal documents <br />for submission to the City Council in connection with the issuance of <br />the Bonds is hereby authorized. <br /> <br /> 3. That the Bonds shall not constitute a debt or liability of <br />the City and neither the faith and credit nor the taxing power of the <br />City will be pledged to the payment of the principal of or premium if <br />any, or interest on the Bonds, as provided in the Ordinance. <br /> <br /> 4. That this Resolution shall take effect immediately upon its <br />adoption. <br /> <br />PA~SED AND ADOPTBD THIS 5th day of February, 1990. <br /> <br />ATTEST: <br /> <br />Janice C. Guy, Clerk of the Council <br /> <br />Daniel ~.' Young0Malor <br /> <br />COUNCILMEMBERS: <br /> <br />Acosta Aye <br />Griset Aye <br />May Aye <br />McGuigan Aye <br />Norton A__~_y~ <br />Pulido <br />Young Aye <br /> <br />APPROVE AS TO FORM: <br /> <br />E~ward~./Cop~_~ City Attorney <br /> <br /> <br />