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Resolution No. 282484 RESOLUTION NO. 2824 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS ADOPTING RULES AND REGULATIONS FOR THE FINANCING OF COMMERCIAL PROJECTS IN THE CITY OF CYPRESS. WHEREAS, the City Council of the City of Cypress adopted its Ordinance No. 729 on June 11, 1984, authorizing the City to assist in the financing of commercial projects in the City, pursuant to the City Charter of the City; and WHEREAS, Section 28-15 of the Ordinance provides that all proceedings taken in connection with the processing of applications for such assistance and the financing of eligible projects shall be in accordance with rules and regulations to be adopted by the City Council, and it is desirable at this time to adopt such rules and regulations. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Cypress as follows: SECTION 1. The Rules and Regulations, entitled "Rules and Regulations For The Financing of Commercial Projects In The City of Cypress", in substantially the form heretofore presented to the Council and on file with the City Clerk of the City, are hereby approved as the official rules and regulations for the processing of applications and the financing of projects under and pursuant to the Ordinance. SECTION 2. Said rules and regulations may be amended or supplemented from time to time by duly adopted resolution of the Council. SECTION 3. This resolution shall take effect upon the effective date of Ordinance No. 729. PASSED AND ADOPTED by the City Council of the City of Cypress at a regular meeting held on the 13th day of August 1984. ATTEST: CITY'CLERK 0 1 OF CYPRESS STATE OF CALIFORNIA COUNTY OF ORANGE Ss MAYOR OF THE CITY OF CYPRESS I, Darrell Essex, City Clerk of the City of Cypress, DO HEREBY CERTIFY that the foregoing Resolution was duly adopted at a regular meeting of the said City Council held on the 13th day of August 1984; by the following roll call vote: AYES: 4 COUNCIL MEMBERS: Kanel, Laceyo, Mullen, and Partin NOES: 0 COUNCIL MEMBERS: None ABSENT: 1 COUNCIL MEMBERS: Coronado CITY CL O TH OF CYPRESS