HomeMy WebLinkAboutReso 1991-16290 RESOLUTION NO. 16290
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA AUTHORIZING THE ISSUANCE OF BONDS, APPROVING BOND
INDENTURE AND OFFICIAL STATEMENT FOR AN ASSESSMENT
DISTRICT FOR ASSESSMENT DISTRICT NO. 90-3 (EASTLAKE
GREENS)
WHEREAS, the CITY COUNCIL of the CITY OF CHULA VISTA, CALIFORNIA, is
conducting proceedings for the installation of certain public improvements in a
special assessment district pursuant to 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, said special assessment district known
and designated as ASSESSMENT DISTRICT NO. 90-3 (EASTLAKE GREENS) (hereinafter
referred to as the "Assessment District"); and,
WHEREAS, this legislative body has previously declared in its Resolution
of Intention to issue bonds to finance said improvements, said bonds to issue
pursuant to the terms and provisions of the "Improvement Bond Act of 1915", being
Division 10 of said Code; and,
WHEREAS, at this time this legislative body is desirous to set forth all
formal terms and conditions relating to the authorization, issuance and
administration of said bonds; and,
WHEREAS, there has been presented, considered and ready for approval a bond
indenture setting forth formal terms and conditions relating to the issuance and
sale of bonds; and,
WHEREAS, there has also been presented for consideration by this
legislative body an Official Statement containing information including but not
limited to the Assessment District and the type of bonds, including terms and
conditions thereof; and,
WHEREAS, this legislative body hereby further determines that the unpaid
assessments shall be specifically in the amount as shown and set forth in the
Certificate of Paid and Unpaid Assessments as certified by and on file with the
Treasurer, and for particulars as to the amount of said unpaid assessments, said
Certificate and list shall control and govern.
NOW, THEREFORE, BE IT RESOLVED:
RECITALS
SECTION 1. That the above recitals are true and correct.
Resolution No. 16290
Page 2
BOND AUTHORIZATION
SECTION 2. That this legislative body does authorize the issuance of bonds in
an aggregate amount not to exceed $22,352,427.00 pursuant to the
terms and provisions of the "Improvement Bond Act of 1915", being
Division 10 of the Streets and Highways Code of the State of
California and also pursuant to the specific terms and conditions as
set forth in the BOND INDENTURE presented herein.
Resolution No. 16290
Page 3
PASSED, APPROVED and ADOPTED by the City Council of the City of Chula
Vista, California, this 6th day of August, 1991, by the following vote:
AYES: Councilmembers: Malcolm, Moore, Nader,
NOES: Councilmembers: None
ABSENT: Councilmembers: Rindone
ABSTAIN: Councilmembers: Grasser Horton
Tim Nader, ~or
ATTEST:
Beverly ~uthelet, ity er
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. 16290 was duly passed, approved,
and adopted by the City Council held on the 6th day of August, 1991.
Executed this 6th day of August, 1991.
B~verli~.Auth~let, City Clerk