HomeMy WebLinkAboutResolutions 9872 N.C.S. 08/15/1983t:' -
-. -. F~e~olution No. 9 872 _N. C. S.
of the City of Petaluma, California
A RE~iOLUI'i0N APPROVING 'THE APPLICA'T'ION FILED BY.
HUNTER S1I':, INC., FQR FINANCING UNDER THE
. CITY OF PETAL,tYV1A DOONGVIIC DEVEUJPMENT REVEN[!E BOD1D LAW.
WHIIZEAS, the City of PetalLm~a is a municipal corporation and
charter city duly organized and existing under a -freeholders' charter
pursuant to which the City has the right and power to make and enforce
all laws and regulations in respect to municipal affair-s and certain
other matters in accordance with and as .more particularly provided in
Section 3, 5 and 7 of Article XI of the Constitution of the State of
California and Section 81 of the Charter of the City; and,
W13ERE~S, by Resolution No. 9454 N.C.S., adopted May 24, 1982,
Guidelines for Application for financing under the City of Petaluma
Economic Development Revenue Bond Law were adopted; and,
W1iERFAS, Hunter Street;, Inc. (Mr. Russell Berrie), did on June 10,
1983, file such an application with the City Clerk as required by the
guidelines; and,
WHEREAS, the Ci y Manager has caused to be prepared a written
report relative to the project contribution to public purposes, the
consistency with types .of projects the City wishes to promote and the
financial feasibility of the project and a copy of said report is on
file with the City Clerk;
NCxN, TI=iE~EFORE, BE IT RESOLVED by the Council of the City of
Petaltm~a a~s follows:
1. Tlie City Council of the City of Petaluma finds and determines
that the:f'inanc~ing of the project facility, as described in Exhibit A,
' ..-''
to be constructed by~.Hunter- Stree Inca, is consistent wah and:n.
furtherance of the •:pub"1`.ie purposes as set `forth in Ordinance No. 152-0
N.C.S.
2. The City Council of the City of Petaluma further finds that the
project is consistent wi'tYi the types of projects 'the City wishes to.
prarrio t e .
3. The City Council of the City of Petaluma further finds that the
project, according. to the 'information and financial data provided in the
application by Hunter Street, Inc., is financially feasible.
Under the power and..anthority conferred upon this Council by'the,Charter of said
AYES:
NOES:
I hereby certify the foregoing Resolution was introduced. and' adopted :by the,
Council of the' City of .Petaluma at a (Regular) ~~S~~j ~S~i~' meeting
on the :... 15th day of ---...August ............... 19.8.3, 'by 'the;
!following vote:
Perry/Battag'la/Bond/V.r!i. Harberson/Mayor t~ tei
.
None
ABSENT: Cavanagh/Balshaw. ,
A :EST : ..................... ... _ .... ........... ._....-..-.
City Clerk ~ Mayor
_,. __
Council File...: ..............:...._...........
Fo~.ca z' zai ~. rro ...............~.$.7...2... NCS