HomeMy WebLinkAboutCC Resolution 4705RESOLUTION NO. 4705
RESOLUTION AUTHORIZING SALE OF BONDS
WHEREAS, the County Treasurer of the County of Marin,Cali-
fornia, has filed with this City Council the list of payments re-
ceived and the list of unpaid assessments in Mooring Road Sewer
Assessment District, City of San Rafael, Marin County, California;
and
WHEREAS, said list of unpaid assessments showed that
there is a balance of $75,321.22 in unpaid assessments; and
WHEREAS, the City of San Rafael has advertised for bids
for sale of bonds to be issued to represent all unpaid assessments;
and
WHEREAS, Gibralco, Inc. have offered
to purchase all of the bonds representing unpaid assessments in
accordance with the terms and conditions of the notice of sale
for said bonds and at the following price, to wit: Ninety-eight
and 22/100 percent of the principal amount
at the rate of• six and 50/100 percent per annum
NOW, THEREFORE, BE IT RESOLVED by the City Council of
and
the City of San Rafael, Marin County, California, that said bonds
to be issued to represent unpaid assessments be sold to Gibralco, Inc.
at the price named in their bid
on file herein, plus accrued interest from the date thereof until
paid and in accordance with all of the terms and conditions of
the notice of sale for said bonds.
BE IT FURTHER RESOLVED that bonds shall be issued to
represent all of the unpaid assessments under the provisions of
the Improvement Act of 1911 under the terms and conditions out-
lined in the Resolution of Intention on file in these proceedings.
I HEREBY CERTIFY that the foregoing Resolution was duly
and regularly adopted by the City Council of the City of San Rafael,
Marin County, California, at a regular meeting thereof, held on the
15th'day of April, 1974, by the following vote, to wit:
AYES: Councilmen: Jensen, Miskimen, Mulryan, Nixon and Mayor Bettini.
NOES: Councilmen: None.
ABSENT: Councilmen: None.
MARION A. GRADY, City Clerk,
City of San Rafael, Marin
County, California
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