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HomeMy WebLinkAboutCC Resolution 2795RES OL. UTT ON NO. 2795" RESOLUTION AUTHORIZING SALE OF BONDS, CHULA VISTA ASSESSMENT DISTRICT, CITY OF SAN RAFAEL, COUNTY OF MARIN, STATE OF CA.LIFORNIA WHEREAS, the Treasurer of the City of San Rafael, California, has filed with this City Council the list of payments received and the list of unpaid assessments in Chula Vista Assessment District, City of San Rafael, County of Marin, State of California; and WHEREAS, said list of unpaid assessments showed that there is a balance of $112,898.57 in unpaid assessments; and WHEREAS, the City Council has advertised for bids for sale of bonds to be issued to represent all unpaid assessments; and WHEREAS, MERRILL LYNCH, PIERCE, FENNER & SMITH INC. have offered to purchase all of the bonds representing said unpaid assessments at the following price, to wit:117,[?8.70 N NOW, THEREFORE, BE IT RESOLVED by 'the City Council of the City of San Rafael that said bonds to be issued to represent unpaid assess- ments be sold to MERRILL LYNCH, PIERCE FENNER & SMITH INC at the price named in their bid on file herein, plus accrued interest from the date thereof until paid. 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 outlined in the Resolution of Intention on file in these proceedings. I HEREBY CERTIFY that the foregoing Resolution was adopted by the City Council of the City of San Rafael, County of Marin, State of California, at a regular meeting thereof, held on the 3rd day of June, 1963, by the following vote, to wit: AYES: Councilmen Aby, Baar, Barbier, Jensen, and Mayor McInnis NOES: Councilmen ABSENT: Councilmen ORIGINAL W: L: MORGAN W. L. MORGAN, City Clerk, City of San Rafael, County of Marin, State of California. (SEAL) s W. C. CO dWELL — Deputy CiA