HomeMy WebLinkAboutReso 1986-12445 RESOLUTION NO. 12445
RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CHULA VISTA, CALIFORNIA,
CALLING FOR SEALED BIDS ON BONDS TO BE
ISSUED TO REPRESENT UNPAID ASSESSMENTS
UPON LANDS IN AN ASSESSMENT DISTRICT
WHEREAS, the CITY COUNCIL of the CITY OF CHULA VISTA, CALIFORNIA, in accordance with
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, and pursuant to its
Resolution of Intention previously adopted, has initiated proceedings for the
construction of certain public works of improvement, together with acquisition, where
necessary, and appurtenances, in a special assessment district known and designated
as
ASSESSMENT DISTRICT NO. 85-2
(hereinafter referred to as the "Assessment District"); and,
WHEREAS, it has been determined that serial bonds representing unpaid assessments
against private property shall be issued pursuant to and as set forth in the
"Improvement Bond Act of 1915", being Division 10 of the Streets and Highways Code of
the State of California.
NOW, THEREFORE, IT IS HEREBY RESOLVED AS FOLLOWS:
SECTION 1. That the above recitals are all true and correct.
SECTION 2. That this City Council does hereby call for sealed bids on bonds to
represent unpaid assessments against privately owned property proposed to
be issued under these proceedings, said bonds to be issued pursuant to
the terms and provisions of the "Improvement Bond Act of 1915".
SECTION 3. That this City Council hereby specifies that the date of the bonds
representing assessments against private property shall be the date
specified for that purpose in the Notice of Sale.
SECTION 4. That there will be furnished the legal opinion of F. MACKENZIE BROWN,
INC., Attorneys at Law, approving the legality of the proceedings and the
issuance of said bonds.
SECTION 5. That the Official Statement, including the Notice of Sale for these pro-
ceedings (hereinafter referred to as the BOND BIDDING DOCUMENTS), as
prepared and presented by the Financial Consultant are hereby approved
and adopted.
SECTION 6. That the FINANCIAL CONSULTANT is hereby directed to mail copies of the
BOND BIDDING DOCUMENTS to all persons determined to be prospective
purchasers and interested in bidding on the bonds to be issued for these
proceedings, and is hereby authorized,to make minor modifications and
amendments to the BOND BIDDING DOCUMENTS in order to provide the best
available information up to the date and time for the sale.
SECTION 7. This City Council will consider an award and sale of bonds and acceptance
of proposals based on the confirmed figure as set forth in the Notice of
Sale. The actual delivery of bonds will relate to the final unpaid list
as determined at the expiration of the cash collection period, and
adjustments at that time will be made in the maturity schedule, and the
final delivery will be based upon said adjusted and amended maturity
schedule.
APPROVED and ADOPTED this 22 nd day of · ,Apri! .... , 1986.
CITY OF
STATE OF CALIFORNIA
STATE OF CALIFORNIA
Presented by Approved as to form by
j n~p. L~ '-~t~ re~ctor ~ ~
ipp of Charier R. Gill, Assistant City
P~blic Works/City Engineer Attorney
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
CITY OF CHULA VISTA
I, JENNIE M. FULASZ, CITY CLERK of the CITY OF CHULA VISTA, CALIFORNIA, DO HEREBY
CERTIFY that the foregoing Resolution, being Resolution No. 12445 , was duly
passed, approved and adopted by the City Council, approved and signed by the Mayor,
and attested by the City Clerk, all at the _regular meeting of said City Council
held on the 22nd day of April , 1986, and that the same was
passed and ad~ted by the following vote:
AYES: COUNCIL MEMBERS Cox, Malcolm, Moore, McCandliss
NOES: COUNCIL MEMBERS None
ABSENT: COUNCIL MEMBERS None
ABSTAIN: COUNCIL MEMBERS None
EXECUTED this 28th day of A~ril , 1986, at Chula Vista, California.
oF c,U,A WST^
STATE OF CALIFORNIA
CI1Y OF
CH!JL