HomeMy WebLinkAboutReso RDA 58-1984 RESOLUTION NO. 58
A RESOLUTION OF THE REDEVELOPHENT AGENCY OF THE CITY OF' SOUTH
SAN FRANCISCO CALLING FOR BIDS FOR NOTES; APPROVING OFFICIAL
NOTICE OF SALE OF NOTES AND OFFZCIAL STATEMENT, AND
RATIFYING, AUTHORIZING AND DIRECTING CERTAIN
.... . .ACTIONS WITH RESPECT THERETO * ,
..... ;. $7,000,000. O0 '-",'
: :.. :": .'" ~':.i ~'*::'=:"- GATEHAY REDEVELOPHENT PRO,1ECT ..- -- · . :',-'"~,' L
· .. '.: . .~- .::..--..:
· ':. ;': ':" - :.'.: .1985 ,TAX ALLOCAT]:ON REFUNDING NOTES' .' . -. '
..... .... . : '.,'?.;,.~..;,'.~.* · '.:'. :.. .' '....:: .'* . . -, ._
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RESOLVEO~'.by. the Redevelopment Agency of tho Clty of South San
Franctsco, .C~11fo, nI a, 'that · '.':-:: - ".: ' ' ..* ..... *
· . '. '. ~.: ._',,.,' -"', · ".:*"4-.-. ~-L:*: ..... : ~[:~,7... ' ,: .*'~:';* :.~.-.. . -.
14HEREAS, pursu~.nt to"Its ResolUtion No. :57 ' , adopted on
Hay 8, 1985, 'this Agency proposes to Issue and sell its 1985 Tax Allocation
Refunding Notes in the principal amount of $7,000,000;
HHEREAS, the Agency's Bond Counsel and Financial Consultant have
prepared and presented to this Agency an. Official Notice of Sale and Official
Statement containing information material to the offering and sale of said
notes; and
WHEREAS, this Agency, with the aid of Its staff, has reviewed said
Official Statement, and-has-made--sucl~-c-orrecti.ons-and additions as tt deems
proper;
NOR, THEREFORE, IT IS ORDERED as follows:
1. Said. Off$~ial Notice of Sale and Offlcial Statement are approved
-"for distribution tn 'the offering and sale of said notes and any distribution
heretofore made Is hereby ratified, approved and conflrmet~.
2. The Chairman *~s authorized and directed to execute the OffiCial
Statement, to execute the Offtctal Notice of Sale on-behalf of the Agency and
to call for bids for the sa16 of said notes, such bids to be received at the
offices of Jones Hall HIll &Whtte, A Professional Law Corporation, Four
Embarcadero Center, Suite 1950, San Fr&nclsco, California on or before 11:00
a.m. on Wednesday Hay 22, 1985 or such later-date as 15 provided In satd
Offictal Nottce of Sale, at which time and place the btds wtll be publicly
opened, examined and declared, and referred' to the Agency at its meeting on
satd date. -
3. The Chairman is also authorized to approve further corrections in
and additions to the Official Statement, by supplement thereto or amendment
thereof, or otherwise as appropriate, provided that any such corrections or
additions shall be necessary to cause the Information contained therein to
conform with facts material to sald notes or to the proceedings of this Agency
or that such corrections or additions are tn form rather than substance.
2
" 4. The Chairing,, is authorized and directe~
Ca) to cause a notice of Intention to sell the Bonds to be
: ...... published once, at least fifteen days prior to the date for receipt of bond
btds, tn The Bond Buyer, a financial publlc~tlon 'generally circulated
throughout the State of California, and any such publication heretofore made
ts hereby ratified, approved and conf~rmed, and
,. .(b).'~to gl~e vritten notice of the proposed sale, 'by m~il, postag~
prepaid,'* to'-the California Debt Advisory Commission no later .than .30 day~
:.... prtor to the.'sale~ such notice to,be given pursuant to Section 8855(g) of th~
..'- Government Code and to contain the tnformaUon ~equlred by Section 8855(h),
.. :':~c. .:., and any such', publication heretofore mad~ is hereby' ratified,., approved
"' confirmed.. ~:~..!'" . . "' '"' ..... ' "' ': :- -'
..... '" ' " - ...-
";' ' '~' ' · ' · ~. ' ' ':"'"~""' ' - " ' .: ."4:.. i:' ~' ' ' ; :' -:'~~'
· . . . :-'~..~-'--. . ....'"' .... ...".~....~,-~. :'.. .. ..
'~''"' "S,'"Sald'Flnanctal ~onsultants~..on behalf "o~ 'tfi~!"'Agen~y''' and
Chairman ara ~uthotized and directed to cause the O~ftctal Notice of Sale and
Official Statement to be mailed at least'five days before the- ~foresald date
for receipt of note bids, to such munlclp~1 bond broKer-dealers, to such
banking tnstftutfons and to such other persons ~ may be interested tn
purchasing the notes therein offered for sale,
$. The Agency vi11 furnish the legal oplnlon o~ the la~ finaof ~ones
Hall Hill & ~htte, A Professional Lay Corporation, San Francisco. Calffornla.
unqualifiedly approving the legality of the proceedings and the issuance
said notes.
' ! hereby cert,.y the foregoing to be a true ~upy Of' a resolution adopted
by the Redevelopment Agency of the City of South San Francisco, Callrornla, at
a regular meeting thereof duly held on the 8th day of Hay, 1984, by the
following vote, to w~t:
AYES: Chairman Richhard'A. Halley, ViCe'Chairperson Roberta Teglia, Member
Mark Addieg.o, rl~mber Ema~uele Damonte, !1ember Gus Nicolopulos .
NOES: NONE .'-
ABSENT: NONE "' ~ ~'-' '
.'i.!:"?:: - -*. City of S~cth San FranCisco
Approved:
Rt~ch~rd A. Barley, cr~),paan
LAW OFFICES Of
P O. BOX
BURLINGAME, CALIFORNIA 9401l
TELE~:,~IONE (415) 348-5195
HERMAN H. FITZGERALD
^ P~.OFESSXONAL CORPO~.ATION
February 27, 1985
STATEMENT FOR CHAIRMAN OF THE
REDEVELO~NT AGENCY BEFORE
CLOSED SESSION IS HELD
The Redevelopment Agency will hold a closed session to
give instructions to the Agency's attorney regarding the purchase
of property located in the general area of East Grand Avenue,
South Airport Boulevard and Mitchell for the Gateway Extension
Project. The attorney may negotiate with the following parties,
their attorneys or representatives, including any lessees, on
the following properties:
1. Poletti Trust
Assessor's Parcel No. 15-123-62
Northwest corner of Mitchell and West Harris
2. PG&E
Mitchell Avenue at South Airport Blvd.
3. Clay Development Company
Assessor's Parcel No. 15-121-01
7 South Airport Blvd.
4. Poletti Trust
Assessor's Parcel No. 15-123-54
5. Southern Pacific Railroad Company
A 1-197 acre parcel off E. Grand Avenue which
is part of a larger Southern Pacific ownership
6. PG&E
Property located directly on E. Grand Avenue near
Highway 101
DATE OF CLOSED SESSION: February 27, 1985 / / /
CHAI LOFMENT AG~:NCY