HomeMy WebLinkAboutReso 1995-17936 ,I '- RESOLUTION NO. 17936
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RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA, CALIFORNIA, MAKING AWARD FOR SALE OF BONDS
AND APPROVING THIRD AMENDMENT TO
ACQUISITION/FINANCING AGREEMENT FOR ASSESSMENT
DISTRICT NO. 94-1 (EASTLAKE GREENS II)
WHEREAS, the city council of the City of Chula Vista has heretofore instituted and
conducted proceedings under the terms and provisions of the" Municipal Improvement Act
of 1913", being Division 12 of the Streets and Highways Code of the State of California, for
the installation of certain public works of improvement, together with appurtenances and
appurtenant work, in a special assessment district known and designated as ASSESSMENT
DISTRICT NO. 94-1 (EastLake Greens II) (hereinafter referred to as the "Assessment District");
and
WHEREAS, in the Resolution of Intention it was determined and declared that bonds
should be issued under the provisions of the "Improvement Bond Act of 1915", being Division
10 of the Streets and Highways Code of the State of California; and
WHEREAS, there has now been received, in proper form, a bid (hereinafter the
"proposal") for the purchase of the bonds that is considered to best serve the interests of
owners of land included within the Assessment District and the proposal should be accepted;
(,' and
WHEREAS, there has been presented a Third Amendment to the Acquisition/Financing
Agreement, on file in the city clerk's office and known as Document No. CO95-091, between
the City of Chula Vista and EastLake Development Company with respect to the public
improvements to be funded through the Assessment District.
NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS:
1. That the above recitals are all true and correct.
2. That this legislative body hereby makes an award to and accepts the proposal
for the purchase of the improvement bonds from, the responsible bidder, to wit:
Stone and Youngberg, at the interest rate and terms as set forth in the proposal
of said bidder as on file with the transcript of these proceedings and open for
public inspection.
3. That all other bids received are hereby rejected.
4. That sale of the bonds is subject to all the terms and conditions as set forth in
the Resolution of Issuance, in the Bond Indenture in its final form, and in the
accepted proposal.
5. The form of the Third Amendment, herewith submitted, is hereby approved
~" substantially in the form submitted. The mayor is hereby authorized to execute
the final form of such amendment on behalf of the city. The city manager,
subject to the review of the city attorney and bond counsel, is authorized to
Resolution 17936
Page 2
approve changes in such amendment deemed to be in the best interests of the
city, such changes to be evidenced by the execution of such amendment. A
copy of the final form of such amendment shall be kept on file in the office of
the city clerk and remain available for public inspection.
Presented by ~~
Resolution 17936
Page 3
PASSED, APPROVED, and ADOPTED by the city council of the City of Chula Vista,
California, this 20th day of June, 1995, by the following vote:
AYES: Councilmembers: Alevy, Moot, Padilia, Rindone, Horton
NAYES: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: None
Shir(~y Horton, Mayor
ATTEST:
Beverly ~A~.Aut~elet, City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) ss.
CITY OF CHULA VISTA )
I, Beverly A. Authelet, City Clerk of the City of Chula Vista, California, do hereby certify that
the foregoing Resolution No. 17936 was duly passed, approved, and adopted by the City
Council at a regular meeting of the Chula Vista City Council held on the 20th day of June,
1995.
Executed this 20th day of June, 1995.
Be~Autl~elet, City Clerk