HomeMy WebLinkAboutReso 1989-14065 (a)
RESOLUTION NO. 14065
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA, CALIFORNIA, AUTHORIZING ISSUANCE
OF BONDS, APPROVING BOND INDENTURE AND OFFICIAL
STATEMENT FOR A SPECIAL ASSESSMENT DISTRICT
WHEREAS, the CITY COUNCIL of the CITY OF CHULA VISTA, CALIFORNIA, is conducting
proceedings for the construction 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. 87-1 (EAST "H" STREET) (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
~le of bonds; and,
WHEREAS, there has also been presented 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, IT IS HEREBY RESOLVED AS FOLLOWS:
SECTION 1. That the above recitals are true and correct.
SECTION 2. That this legislative body does authorize the issuance of bonds 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 does expressly approve the BOND INDENTURE substantially in the form
presented herein, subject to modifications as necessary and as approved
by the Mayor, with the concurrence of Bond Counsel. A copy of said BOND
INDENTURE shall be kept on file with the transcript of these proceedings
and open for public inspection.
SECTION 3. Final approval of the BOND INDENTURE shall be conclusively evidenced by
the signature of the Mayor upon final delivery of bonds and receipt of
proceeds. Said bonds shall be issued and subject to the terms and
conditions in said approved Bond Indenture.
--~ECTION 4. That the Official Statement, as prepared and submitted, is hereby
approved and adopted, and the execution and distribution is hereby
authorized. A copy of said Official Statement shall be kept on file
with the transcript of these proceedings and remain open for public
inspection.
SECTION 5. That the Certificate of Paid and Unpaid Assessments, as certified by the
Treasurer, shall remain on file in that office and be open for public
inspection for all particulars as it relates to the amount of unpaid
assessments to secure bonds for this Assessment District.
APPROVED and ADOPTED this 25th day of April , 1989.
MAYOR~ / ~
CITY OF CHULA VISTA
STATE OF CALIFORNIA
AT~ ST~
CITY OF CHULA VISTA
STATE OF CALIFORNIA
Approved as to form by
/
_STATE OF CALIFORNIA
'OUNTY OF SAN DIEGO
JITY 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. 14065 , 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 25th day of April , 1989, and that the same was
passed and adopted by the following vote:
AYES: COUNCIL MEMBERS McCandliss, Nader, Cox, Malcolm, Moore
NOES: COUNCIL MEMBERS None
ABSENT: COUNCIL MEMBERS None
ABSTAIN: COUNCIL MEMBERS None
CHULA VISTA
STATE OF CALIFORNIA