HomeMy WebLinkAboutResolutions 86-236 N.C.S. 09/02/1986,, -~ S E P - 2 1986
~CSCI'~:l$1C~~ 1~1C. 86-236 ~. ~. ~.
of tl~e City of Potalurpa; California
RESOLUTION OF INTENTION TO CONDUCT REASSESSMENT PROCEEDINGS
IN REFUNDING ASSESSMENT IDISTRICT N0. 10
The City Council of the City of Petaluma resolves:
This City Council hereby determines that the public
interest or necessity requires the refunding of all outstanding
bonds previously issued as Assessment District No. 10 NS, dated
October 2, 1983. This City Council hereby declares its
intention to refund said outstanding bonds and to levy
reassessments pursuant to the Refunding .Act of 1984 for 1.915
Improvement Act Bonds (the "Act") as security for said refunding
bonds.
This City Council__hereby directs
f/~e Cry ~~9ii~e~/ to prepare and file with the
City Clerk of .the City of Petaluma a written report containing
each of the items specified by Section 9523 of the Act.
Serial bonds representing unpaid reassessments, and
bearing interest at a rate not to exceed twelve percent (12%)
per annum, will be issued in the manner provided by the Act, and
the last installment of the bonds shall mature September 2,
20.01.
The procedure for the collection of reassessments and
advance retirement of bonds under the Act shall be as provided
in Part 11.1, Division 10, of the Streets and Highways Code of
the State of California.
The amount of any surplus remaining after completion
of the refunding shall be tr\ansferred to the reserve fund for
1
~~ ~.
ORIGINAL
8
- -~s _ ,.
the refunding bonds.
., • .
Under the power and authority conferred upon this Council by the Charter of said City
I hereby certify the foregoing Resolution was introduced and adopted by the
Council of the City of Petaluma at a (Regular.) (~~j~,~) (~) meeting Approve
on the 2nd Se tember 86 f°r
•• ........................ day of ............~........................................., 19........, by the
following vote:
...............~ .... ....... Y ...........
~ orne
t1YES:Davis, So.b.e1, Woolsey, Cavanagh, Balshaw, Vice Mayor Tencer, ayor Mattei
NOES:
ABSENT:
ATTEST : ........... . ...(./~-.~.......ill..!~NG~~~...................~..
City Cler)z
COUNCIL FILE
.FORM CA 2 1/BO RES. N~.86-236
~d" ~ ,
Mayor