HomeMy WebLinkAboutResolution No. 4928RESOLUTION NO. 4928
RESOLUTION AUTHORIZING SALE OF BONDS, EAST SAN
RAFAEL DRAINAGE ASSESSMENT DISTRICT NO. 2, CITY
OF SAN RAFAEL, MARIN COUNTY, CALIFORNIA
WHEREAS, the City of San Rafael has advertised for bids
for sale of bonds to be issued to represent all unpaid assessments
in East San Rafael Drainage Assessment District No. 2, City of San
Rafael, Marin County, California; and
WHEREAS, Morgan, Olmstead, Kennedy & Gardner
have offered to purchase all of the bonds representing unpaid assess-
ments in accordance with the terms and conditions of the Notice of
Sale for said bonds, and at the following price, to wit:_
93% of par value
and at the following rate or rates of interest:
6.18297%
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
Moroan. Olmstead, Kennedy & Gardner
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; and
BE IT FURTHER RESOLVED that bonds shall be issued to represent
all of the unpaid assessments under the provisions of the Improvement
Bond Act of 1915, under the terms and conditions outlined in the
Resolution of Intention, as amended, on file in these proceedings.
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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 24th day of February, 1975, by the following vote, to wit:
AYES: Councilmen Jensen, M i sk i men, and Mu 1 ryan
NOES: Councilmen None
ABSENT: Councilmen Nixon and Mayor Bett i n i
MARION A. GRADY, City Clerk,
City of San Rafael, Marin
County, California
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