HomeMy WebLinkAboutOrd 1986-2173ORDINANCE NO. 2173
AN ORDINANCE OF THE CITY OF CHULA VISTA AUTHORIZING
THE ISSUANCE OF NOT TO EXCEED $300,000,000 CITY OF
CHULA VISTA, CALIFORNIA PUBLIC SAFETY COMMUNICATION
CENTER PROGRAM FUNDING BONDS, AUTHORIZING THE SALE OF
NOT TO EXCEED TWELVE SERIES OF BONDS, APPROVING FORM
OF INDENTURE AND SERIES SUPPLEMENT, APPROVING FORM
OF OFFICIAL STATEMENT RELATING TO SERIES OF BONDS,
AND AUTHORIZING OFFICIAL ACTION
At the meeting of November 12, 1986, the City Council
(Councilmen Malcolm and Campbell absent) unanimously
voted to place the ordinance on second reading and
adoption.
By this ordinance, the City Cnuncil authorizes the
issuance of Bonds in the aggregate principal amount
of not to exceed Three Hundred Million Dollars
($300,000,000) pursuant to an Indenture of Trust
dated as of December 1, 1986 by the City and a trustee
bank.
As set forth in the Indenture, the proceeds of sale
of the Bonds remaining after payment of costs of issuance
and deposit into a bond fund shall be deposited by the
City in a fund the sole purpose of which is to pay the
costs of acquisition and construction of a Public
Safety Communication Center.
Copies of the ordinance are available at the office of
the City Clerk, City Hall, 276 Fourth Avenue, Chula Vista,
California.
Dated: 11/14/86