HomeMy WebLinkAboutReso 1982-11082 RESOLUTION NO. 11082
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING
PRELIMINARY OFFICIAL STATEMENT WITH REGARD TO
CERTIFICATE OF PARTICIPATION FINANCING FOR PARKING
FACILITIES, AND AUTHORIZING ITS DISTRIBUTION
RESOLVED, by the City of Chula Vista, as follows:
WHEREAS, the City is authorized by the Constitution and laws of the
State of California to lease public parking facilities within the City; and
WHEREAS, pursuant to the City's authorization, the prospective under-
writer of $4,515,000 principal amount of Certificates of Participation (the
"Certificates") with respect to the proposed financing of such Parking Facil-
ities has caused to be prepared and presented to the City a Preliminary
Official Statement (the "Preliminary Official Statement") containing informa-
tion material to the offering and sale of the Certificates; and
WHEREAS, the City, with the aid of its staff and consultants, has
reviewed the Preliminary Official Statement and has made such corrections
and additions thereto as it deems proper;
NOW, THEREFORE, it is hereby DETERMINED and ORDERED, as follows;
1. The Preliminary Official Statement, in substantially the form
presented to the City at the meeting at which this Resolution is adopted,
is hereby approved for distribution together with such additions thereto
and modifications thereof as may be deemed advisable by E. F. Hutton and
Company, Inc., prospective underwriter for the Certificates, and approved
by Jones Hall Hill & White, A Professional Law Corporation, as special legal
counsel.
2. E. F. Hutton & Company, Inc., on behalf of the City, is hereby
authorized in its discretion to cause copies of such Preliminary Official
Statement to be distributed to prospective purchasers of the Certificates.
3. This Resolution shall take effect upon adoption.
Development Director