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2016-038 - Issuance of Tax-Exempt Obligations by the California Enterprise Development
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2016-038 - Issuance of Tax-Exempt Obligations by the California Enterprise Development
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6/20/2016 1:42:56 PM
Creation date
6/20/2016 1:35:49 PM
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Template:
City Clerk
Doc Type
Resolution
Doc #
2016-038
Date
6/7/2016
Destruction Year
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not constitute an approval by the Council of the Facilities for any other purposes, <br />including compliance thereof with CEQA, nor does it constitute an approval of the <br />underlying credit or financial structure of the Obligations. The City shall not bear any <br />responsibility for the issuance of the Obligations, the tax - exempt status of the <br />Obligations, the repayment of the Obligations or any other matter related to the <br />Obligations. <br />Section 2. All actions heretofore taken by the officers, employees and agents of <br />the City with respect to the approval of the issuance of the Obligations are hereby <br />approved, confirmed and ratified, and the officers and employees of the City and their <br />authorized deputies and agents are hereby authorized and directed, jointly and severally, <br />to do any and all things and to execute and deliver any and all certificates and documents <br />which they or bond counsel may deem necessary or advisable in order to consummate <br />the issuance of the Obligations and otherwise to effectuate the purposes of this <br />Resolution. <br />Section 3. The adoption of this Resolution shall not obligate the City or any <br />department thereof to (i) provide any financing for the Facilities; (ii) approve any <br />application or request for or take any other action in connection with any planning <br />approval, permit or other action necessary for the acquisition, construction, rehabilitation or <br />operation of the Facilities; or (iii) make any contribution or advance any funds whatsoever <br />to the Authority. <br />Section 4. This Resolution shall take effect from and after its adoption. <br />ADOPTED this 7t' day of June, 2016. <br />APPROVED AS TO FORM: <br />Sonia R. Carvalho <br />City A�c>1p, gy <br />Attorney <br />Resolution No. 2016 -038 <br />Page 3 of 4 <br />
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