Resolution 1983-75 (GIDA/City)
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CITY COUNCIL OF THE CITY
RESOLUTION NO. 83 - 75
A RESOLUTION APPROVING A
PROJECT FOR GILROY CANNING COMPANY, INC.
WHEREAS the Industrial Development Authority of the
City of Gilroy (the "Authority") has accepted and filed with
this City Council an application from Gilroy Canning Company,
Inc. (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 of an existing plant and acquisition
of old and new equipment (the "Project") to be used by the
Applicant as a tomato canning plant; and
WHEREAS the Board of Directors of the Authority has
made the determinations required to be made by it pursuant to
Section 91530 of the Act preliminary to the issuance by the
Authority of such revenue bonds; and
WHEREAS this City Council has considered the
information contained in the aforesaid application and has
considered the determinations of the Board of Directors of
the Authority;
NOW, THEREFORE, the City Council of the City of
Gilroy does resolve as follows:
Section 1. The City Council hereby approves the
Project, subject to fulfillment of all requirements under the
RESOLUTION NO. 83 - 75
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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.
The foregoing Resolution was passed and adopted by
the City Council of the City of Gilroy on November 7, 1983,
by the following vote:
AYES:
COUNCIL MEHBERS: ALBERT, GAGE, HUGHAN, LINK, TAYLOR,
VALDEZ and GOODRICH.
COUNCIL HEMBERS: None
COUNCIL MEHBERS: None
APPROVED: '" __~
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Mayor
NAYS:
ABSENT:
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~ City Clerk
RESOLUTION NO. 83 - 75
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CLERK'S CERTIFICATE
I, the undersigned, the City Clerk of the City of
Gilroy, .hereby certify that the foregoing is a full, true and
correct copy of a resolution duly introduced and adopted at a
regular meeting of the City Council of the City of Gilroy
duly and regularly held on the 7th day of November, 1983, 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:
COUNCIL MEMBERS: ALBERT, GAGE, HUGHAN, LINK, TAYLOR,
VALDEZ and GOODRICH.
COUNCIL MEMBERS: None
NOES:
ABSENT:
COUNCIL MEMBERS: None
I further certjfy that I have carefully compared
the same with the or~~inal 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 Gilroy this ~hday
of l\TOUf'>mhPT , 1983.
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[SEAL]
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