HomeMy WebLinkAboutCC Resolution 44594459
RESOLUTION NO.
RESOLUTION AUTHORIZING SALE OF BONDS, LUCAS VALLEY
OPEN SPACE ASSESSMENT DISTRICT, CITY OF SAN RAFAEL,
MARIN COUNTY, CALIFORNIA
WHEREAS, the County Treasurer of the County of Marin,
State of California, has filed with this City Council the list
of payments received and the list of unpaid assessments in Lucas
Valley Open Space Assessment District, City of San Rafael, Marin
County, California; and
WHEREAS, said list of unpaid assessments showed that
there is a balance of $217,392.97 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, First Californis Company
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: 96.00% of the face value , and at the following rate
or rates of interest: 5.7981 net interest
NOW, THEREFORE, BE IT RESOLVED by the City Council of
the City of San Rafael, Marin County, California, that said bonds
to be issued to represent unpaid assessments be sold to
First California Company 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
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Improvement Bond Act of 1915 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
16th day of April, 1973, by the following vote, to wit:
AYES:
Councilmen. IPn-Pn , M i ck i men , Mul ryan and Mayor Bett i n i
NOES:
Councilmen: None
ABSENT:
Councilmen: None
MARION A. GRADY, City Clerk,
City of San Rafael, Marin
County, California
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