Resolution 2000-69
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RESOLUTION NO. 2000-69
A RESOLUTION APPROVING THE ISSUANCE OF
OBLIGATIONS BY THE CALIFORNIA STATEWIDE
DEVELOPMENT AUTHORITY
TAX-EXEMPT
COMMUNITIES
Local Government
Participant:
Issuer:
Borrower:
Equipment:
City of Gilroy, California
California Statewide Communities Development Authority
Bonfante Gardens, mc. or an affiliate
Acquisition of certain equipment, including food and retail facilities
equipment and fixtures, parking tram, generators, H.V.A.C, system and
fire, safety and sound communication equipment to be used in
Borrower's horticulturally-based theme park
Maximum
Principal Amount:
Public Hearing Date:
$3,500,000
October 16, 2000
WHEREAS, the Borrower has requested that the Issuer issue its notes, bonds or any other
evidence of indebtedness (the "Obligations") in an aggregate principal amount not expected to exceed
the Maximum Principal Amount for the purpose of providing funds for the financing of the Equipment
and related costs located or to be located in the jurisdiction of the Local Government Participant; and
WHEREAS, the Issuer has requested that the governing body of the Local Government
Participant approve the issuance of the Obligations and the Equipment in order to satisfy the public
approval requirement of Sectioo 147(f) of the hrtemal Revenue Code of 1986, as amended (the "Code"),
and the requirements of Section 9 of the Amended and Restated Joint Exercise of Powers Agreement (the
"Joint Powers Agreement"), dated as of June I, 1988, amoog certain local agencies, including the Local
Government Participant; and
WHEREAS, the Local Government Participant held a public hearing on the Public Hearing
Date providing a reasooable opportunity for persons to comment on the issuance of the Obligations and
the Equipment; and
WHEREAS, it is intended that this resolution shall constitute the approval of the issuance of
the Obligations and the Equipment required by Section 147(f) of the Code, Sectioo 9 of the Joint Powers
Agreement and Sectioo 91530(f) of the Government Code of the State of California;
NOW, THEREFORE, BE IT RESOLVED, by the governing body of the Local Government
Participant, that the issuance of the Obligations and the Equipment are hereby approved for the purposes
of Section 147(f) of the Code and Sectioo 9 of the Joint Powers Agreement.
RESOLUTION NO. 2000-69
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RESOLVED FURTHER, the Clerk of the Local Government Participant shall certify the
adoption of this resolution, and thenceforth and thereafter the same shall be in full force and effect,
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The undersigned hereby certifies that the foregoing resolution was approved and adopted by the
governing body of the Local Government Participant this 16'" day of October, 2000, by the following
vote:
AYES:
COUNCILMEMBERS: p, ARELLANO, MORALES, PINHEIRO
SUDOL, VELASCO, SPRINGER
COUNCILMEMBERS: NONE
NOES:
ABSENT: COUNCILMEMBERS: G. ARELLANO
APPROVED:
tb
Thomas W, Springer, Mayor
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Rhonda Pellin, City Clerk
RESOLUTION NO. 2000-69
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I, RHONDA PELLIN, City Clerk ofthe City of Gilroy, do hereby certifY that the attached
Resolution No. 2000-69 is an original resolution, duly adopted by the Council of the City of
Gilroy at a regular meeting of said Council held on the 16th day of October, 2000, at which
meeting a quorum was present.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Official Seal of
the City of Gilroy this 19th day of October, 2000,
(Seal)