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RES 88-037 AUTHORIZING THE SALE AND ISSUANCE OF $10,750,000 HOUSING DEVELOPMENT REVENUE BONDS (ST. ANTHONY LANEL PROJECT), SERIES 1988, OF THE CITY AND THE EXECUTION OF NECESSARY DOCUMENTS
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RES 88-037 AUTHORIZING THE SALE AND ISSUANCE OF $10,750,000 HOUSING DEVELOPMENT REVENUE BONDS (ST. ANTHONY LANEL PROJECT), SERIES 1988, OF THE CITY AND THE EXECUTION OF NECESSARY DOCUMENTS
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12/30/2015 5:44:20 PM
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12/30/2015 5:44:19 PM
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SP Box #
21
SP Folder Name
RES 1988
SP Name
CC MINUTES 09131988
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• the Indenture, and the other documents listed in Section 1 . 04 <br /> shall be subject at all times to the availability of the <br /> revenues furnished by the Partnership sufficient to pay all <br /> costs of such performance or the enforcement thereof , and the <br /> City shall not be subject to any personal or pecuniary <br /> liability thereon other than as stated above. <br /> Section 7 . Conditions of City' s Approval . The <br /> approval of the City herein to the issuance of the Bonds is <br /> subject to the condition that all contingencies contained in <br /> the St . Anthony LaNel . Redevelopment Contract to the performance <br /> by the HRA of its obligations thereunder are satisfied or <br /> waived by the HRA prior to the issuance of the Bonds . <br /> Adopted: September 13 , 8 <br /> Mayor <br /> Attest : <br /> City Clerk <br /> • <br /> The motion for the adoption of the foregoing <br /> resolution was duly seconded by Councilmember <br /> Makowske and, upon vote being taken thereon, the <br /> following voted in favor thereof : <br /> A11 <br /> and the following voted against the same: <br /> None <br /> whereupon said resolution was declared duly passed and <br /> adopted and was signed by the Mayor whose signature was <br /> attested by the City Clerk . <br /> -7- <br />
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