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Res16 15473
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Res16 15473
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Last modified
1/27/2016 4:24:57 PM
Creation date
1/27/2016 4:24:56 PM
Metadata
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Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
1/25/2016
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1/25/2016 <br /> Section 4. The issuance of the Bonds shall be subject to the approval of the <br /> Authority of all financing documents relating thereto to which the Authority is a party. <br /> The City shall have no responsibility or liability whatsoever with respect to the Bonds. <br /> Section 5. The adoption of this Resolution shall not obligate the City or any <br /> department thereof to (i) provide any financing to acquire or rehabilitate the Project or <br /> any refinancing of the Project; (ii) approve any application or request for or take any <br /> other action in connection with any planning approval, permit or other action necessary <br /> for the acquisition, rehabilitation or operation of the Project; (iii) make any contribution or <br /> advance any funds whatsoever to the Authority; or (iv) take any further action with <br /> respect to the Authority or its membership therein. <br /> Section 6. The executing officers, the City Clerk and all other proper officers <br /> and officials of the City are hereby authorized and directed to execute such other <br /> agreements, documents and certificates, and to perform such other acts and deeds, as <br /> may be necessary or convenient to effect the purposes of this Resolution and the <br /> transactions herein authorized. <br /> Section 7. The City Clerk shall forward a certified copy of this Resolution and <br /> an originally executed Agreement to the Authority in care of its counsel: <br /> Ronald E. Lee, Esq. <br /> Jones Hall, APLC <br /> 475 Sansome Street, Suite 1700 <br /> San Francisco, CA 94111 <br /> Section 8. This resolution shall take effect immediately upon its passage. <br /> * � � <br /> ATTY/RES0.0003/CC RESO TEFRA MID-PEN RESO.#15473 <br /> REV:01-14-16 RL MUFF#452 <br /> Page 3 of 4 <br />
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