HomeMy WebLinkAboutCC Resolution 3278RESOLUTION NO. / v
RESOLUTION AUTHORIZING SALE OF BONDS,
FRANCISCO BOULEVARD ASSESSMENT DISTRICT
CITY OF SAN RAFAEL
MARIN COUNTY. CALIFORNIA
WHEREAS, the City Treasurer of the City of San Rafael,
Marin County, ;;kliornia, has filed with the City Clerk the list
of payments received and the list of unpaid assessments in Fran-
cisco Boulevard Assessment District, City of San Rafael, Marin
County, California; and
WHEREAS, said list of unpaid assessments showed that
there is a balance of $389,066.00 in unpaid assessments; and
WHEREAS, the City Clerk has advertised for bids for sale
of bonds to be issued
to represent all
unpaid
assessments; and
WHEREAS , First
California Company
- Blyth
and Company
have offered to purchase all of the bonds representing said unpaid
assessments at the following price, to wit: 100% of the par
'value with a premium of $38.90
, plus accrued interest
to date of delivery, and at the following interest rate, to wit:
6% per annum
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of San Rafael that said bonds to be issued to represent unpaid
assessments be sold to First California Company - Blyth and Company
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 repre-
sent 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 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
17th day of May, 1965, by the following vote, to wit:
AYES: Councilmen Aby, Baar, Barbier, Jensen, and Mayor Bettini
NOES: Councilmen
ABSENT: Councilmen
11 . Wllr r um uul' VWnilj-, ui y merit,
City of an Rafael, Mar'
County, California.
(SEAL)
C t21GIE�A!
