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<br />WHEREAS, the Authority desires to assign a por~on of its Private <br />Activity Bond limit to the Bonds for the Project; a~ <br /> <br />WHEREAS, it is in the public interest and for ttbe public benefit ...; <br />that said assignment be made: <br /> <br />NOW, THEREFORE, it is hereby ORDERED and DETE~IED, as follows: <br /> <br />1. The amount of $3,000,000 representing the ~985 Private <br />Activity Bond Limit transfered to the Authority by thte City, is <br />hereby assigned to bhe Bonds for the Project. Such a5Signment shall <br />be irrevocable upon issuance and delivery of the Bon~. <br /> <br />2. The Secretary is hereby authorized and dil'i\\OCted to notify <br />the California Debt Limit Allocation Committee of the: issuance of the <br />Bonds within fifteen (15) days of the del ivery of the'iBonds. <br /> <br />3. This Resolution shall take effect immediatfEJy upon its <br />passage and adoption. <br /> <br />.J <br /> <br />ADOPTED, thi s 19th day of February <br /> <br />, 1985. <br /> <br />ATTEST: <br /> <br />~...~ 7'.riti~ <br />'"j~~'.. ,,- <br /> <br /> <br />Da 'el Gr'set,,, Chairman <br /> <br />-.II <br /> <br />Directors: <br /> <br /> <br />Griset <br />Johnson <br />Acosta <br />Hart <br />Luxembourger <br />McGuigan <br />Young <br /> <br />Ave <br />Ave <br />Absent <br />Ave <br />Ave <br />Ave <br />Absent <br /> <br />i <br />t <br />fJ <br />.J <br /> <br />..", <br /> <br />-2- <br /> <br />, , <br />