HomeMy WebLinkAboutResolutions - No. 84-187CITY COUNCIL OF THE CITY OF LODI
RESOLUTION NO. 84-187
A RESOLUTION APPROVING A PROJECT FOR
DART CONTAINER CORPORATION OF CALIFORNIA
WHEREAS the Industrial Development Authority of the
City of Lodi (the "Authority") has accepted and filed with
this City Council an application from Dart Container
Corporation of California (the "Applicant") requesting that
the Authority issue its revenue bonds pursuant to the
California Industrial Development Financing Act, being
Title 10 of the California Government Code, as supplemented
and amended (the "Act"), to finance the acquisition and
construction of certain facilities (the "Project") to be used
by the Applicant; and
WHEREAS this City Council has heretofore considered
the information contained in the aforesaid application and
has approved the Project in accordance with the terms of the
Act; and
WHEREAS in order to comply with the public hearing
requirements of Section 103(k) of the Internal Revenue Code
of 1954, as amended, the City Council heretofore designated
Henry A. Glaves City Manager of the City, to hold a public
hearing on behalf of the Council with respect to the proposed
issuance of the Bonds, which hearing was held on November 28
at 11:00 a.m. in the City Council Chambers pursuant to
84-187
published notice, a copy of which notice and the minutes of
said hearing are on file with the City Clerk;
NOW, THEREFORE, the City Council of the City of
Lodi do[es] resolve as follows:
Section 1. The City Council hereby approves the
Project, subject to fulfillment of all requirements under the
Act, and approves the issuance of revenue bonds of the
Authority to finance costs of the Project, which bonds and
the interest thereon shall be paid from revenues received by
the Authority from the Applicant pursuant to a financing
agreement with respect to the Project to be entered into
between the Authority and the Applicant.
Section 2. The Clerk or a Deputy Clerk is hereby
directed to certify and deliver this Resolution to the
Authority.
Section 3. This Resolution shall take effect
immediately upon its passage.
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The foregoing Resolution was passed and adopted by
the City Council of the City of Lodi on December 5 , 1984,
by the following vote:
AYES: Hinchman, Pinkerton, Reid, Olson, and Snider (Mayor
NAYS: None
ABSENT:None
Mayor—
ATTEST:
ayor—
ATTEST:
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City Cler
CLERK'S CERTIFICATE
I, the undersigned, the City Clerk of the City of
Lodi, hereby certify that the foregoing is a full, true and
correct copy of a resolution duly introduced and adopted at a
special meeting of the City Council of the City of Lodi duly
and regularly held on the 5th day of December, 1984, of
which meeting all of the members of said City Council had due
notice and at which a majority thereof were present; and that
said resolution was adopted by the following vote:
AYES: Hinchman, Pinkerton, Olson, Reid, and Snider (Mayor)
NOES: None
ABSENT: None
I further certify that I have carefully compared
the same with the original minutes of said meeting on file
and of record in my office; that said resolution is a full,
true and correct copy of the original resolution so adopted
and entered in said minutes; and that said resolution has not
been amended, modified or rescinded since the date of its
adoption and is now in full force and effect.
IN WITNESS WHEREOF, I have hereunto set my hand and
affixed the official seal of the City of Lodi this 5th day
of December, 1984.
[SEAL]
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