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HomeMy WebLinkAboutResolution No. 4955RESOLUTION NO. 4955 RESOLUTION ESTABLISHING MATURITY SCHEDULE FOR BONDS TO BE ISSUED IN EAST SAN RAFAEL DRAINAGE ASSESSMENT DISTRICT NO. 2, CITY OF SAN RAFAEL, MARIN COUNTY, CALIFORNIA WHEREAS, the City Council of the City of San Rafael, Marin County, California, by its Resolution of Intention No. 4509, as later amended, provided that bonds to be issued to represent unpaid assess- ments would be issued in accordance with the provisions of Division 10 (The Improvement Bond Act of 1915 of the Streets and Highways Code of the State of California; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of San Rafael, Marin County, California, that the maturity schedule for the bonds to be issued in said East San Rafael Drainage Assessment District No. 2, City of San Rafael, Marin County, California, shall be as shown on "Exhibit A" annexed to this resolution which maturity schedule is, by this reference incorporated herein and made a part hereof. 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 21st day of April, 1975, by the following vote, to wit: AYES • Councilmen Miskimen, Mulryan, Nixon and Mayor Bettini NOES: Councilmen None ABSENT: Councilmen Jensen MARION A. GRADY, City Clerk, City of San Rafael, Marin County, California MATURITY SCHEDULE FOR BONDS, EAST SAN RAFAEL DRAINAGE ASSESS!=T DISTRICT NO. 2, CITY OF SAN RAFAEL, MARIN COUNTY, CALIFORNIA Bond Numbers Inclusive 1 to 5 6 to 11 12 to 20 21 to 32 33 to 44 45 to 56 57 to 67 68 to 78 79 to 88 89 to 100 101 to 112 113 to 124 125 to 136 137 to 146 147 to 158 Maturing July 2, 1976 July 2, 1977 July 2, 1978 July 2, 1979 July 2, 1980 July 2, 1981 July 2, 1982 July 2, 1983 July 2, 1984 Julv 2, 1985 July 2, 1986 July 2, 1987 July 2, 1988 July 2, 1989 July 2, 1990 Total - Amount Maturing $ 4,526.93 10,000.00 25,000.00 36,000.00 36,000.00 36,000.00 35,000.00 35,000.00 30,000.00 36,000.00 36,000.00 36,000.00 36,000.00 30,000.00 36,000.00 $ 457,526.93 NOTE: Bond No. 1 is in the amount of $526.93. Bonds numbered 2 to 5, inclusive, are each in the amount of $1,000.00. The first five bonds maturing in the following years are in $1,000.00 denominations: 1977, 1978, 1982 to 1984, and 1989. The first six bonds maturing in the following years are in $1,000.00 denominations: 1979-1981, 1985 to 1988, and 1990. All other bonds are in $5,000.00 denominations.