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1995-07 CRA
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1995-07 CRA
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Last modified
1/3/2012 12:21:14 PM
Creation date
3/3/2005 9:52:37 AM
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City Clerk
Doc Type
Resolution
Doc #
CRA 1995-07
Date
6/20/1995
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<br />. <br /> <br />. <br /> <br />. <br /> <br />Paragraph 8 is modified as follows: <br /> <br />The amount of bonded indebtedness, to be repaid in whole or in part from the allocation <br />of taxes described in subdivision 2 above which can be outstandim! at anv one time shall <br />not exceed $ê5,20Q.OOO 5600,000,000 in principal amount. - . <br /> <br />Paragraph 9 is modified as follows: <br /> <br />The Agency shall not establish or incur loans, advances, or indebtedness to finance in <br />whole or in part the Project beyond 25 :'ears !'rem tfle àate af aèeptieR af :.'1is PlaR <br />January 1, 2014. Loans, advances, or indebtedness may be repaid over a period of time <br />beyond said time limit. <br /> <br />SECTION 503. Other Loans and Grants <br /> <br />No changes <br /> <br />SECTION 600. ACTIONS BY THE CITY <br /> <br />No changes <br /> <br />SECTION 700. ENFORCEMENT <br /> <br />No changes <br /> <br />SECTION 800. DURATION OF THIS PLAN <br /> <br />Except for the non-discriminati;n and non-segregation provisions which shall run in <br />perpetuity, the provisions of this Plan shall be effective, and the provisions of other <br />documents formulated pursuant to this Plan may be made effective. fer :0 :."ars ::-em :!le <br />effeeti"e àate sf aàeptiea af iliis PIa.¡¡ 8)" me (ip:' Cðuadl unril July 6. 2022: provided, <br />however, that the Agency may issue bonds and incur obligations pursuant to this Plan <br />which extend bevond the termination date. and in such event. this Plan shall continue in <br />effect for the p~ose of repaying such bonds or other obligations until the date of <br />retirement of such bonds or other obligations, as determined by the City Council. <br /> <br />SECTION 900. PROCEDURE FOR :\MENDtvfENT <br /> <br />No changes <br /> <br />~,,""U~, <br /> <br />3 <br />
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