HomeMy WebLinkAboutRES 85-36RESOLUTION NO.85-36
A RESOLUTION OF THE MAYOR AND CITY COUNCIL OF THE CITY OF
APACHE JUNCTION,ARIZONA,APPROVING THE ISSUANCE OF
$2,500,000 IN INDUSTRIAL DEVELOPMENT -REVENUE BONDS
(IDAHO ROAD MEDICAL/DENTAL CENTER),SERIES 1985,OF THE
INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF APACHE
JUNCTION,ARIZONA.
WHEREAS,the Industrial Development Authority of the City of
Apache Junction,Arizona (the "Authority"),proposes to issue its Industrial
Development Revenue Bonds (Idaho Road Medical/Dental Center),Series 1985
(the "Bonds"),in accordance with and pursuant to the Industrial Development
Plans for Municipalities and Counties Act,Title 19,Chapter 11,Arizona
Revised Statutes,as amended (the "Act");and
WHEREAS,pursuant to Section 9-1171 (B)of the Act,the proceedings
of the Authority under which the Bonds are to be issued must require the
approval of the City Council of the City of Apache Junction,Arizona,of
the issuance of said Bonds;and
WHEREAS,a public hearing was held by the Authority on August
16,1985,in the Chamber of Commerce Building,City Hall Complex,1001 N.
Idaho Road,Apache Junction,Arizona,following public notice of the
hearing on August 15,1985,for the purpose of satisfying Section 103 (k)
of the Internal Revenue Code of 1954 as amended;and
WHEREAS,this Council has had presented to i t information re-
garding the Bonds and i s informed and advised in the premises with regard
to the Idaho Road Medical/Dental Center and the Bonds;
NOW,THEREFORE,BE IT RESOLVED by the Mayor and City Council of
the City of Apache Junction,Arizona,that the issuance of Industrial
Development Revenue Bonds (Idaho Road Medical/Dental Center),Series 1985,
in the principal amount of $2,500,000 by the Industrial Development
Authority of the City of Apache Junction,Arizona,be and hereby is approved.
PASSED AND ADOPTED BY THE MAYOR AND CITY COUNCIL OF THE CITY OF
APACHE JUNCTION,ARIZONA,THIS 20TH DAY OF AUGUST ,1985.
B.6 as)e-9 „Ja. ,VI C e M ci
NORMAN S.HILL
Mayor
ATTEST:
KATHLEEN CONNELLY
City Clerk
APPROVED AS TO FORM: