HomeMy WebLinkAboutResolutions 85-221 N.C.S. 07/01/1985~ ._
- ~i~5~1~,1~1~~1 ~Il`~'. 85-221 ~. ~. ~.
of the ~ity of ~~talurria, Califflrnia
RE50LUTION APPOINTING MANAGING UNDER~4RITER
Assessment District No. 16 NS, Redwood Business Park;
The City Council of the City of PetaTuma resolves:
This Council hereby appoints Wulff, Hansen & Co. as
Managing Underwriter, to structure, coordinate, investigate and
prepare a bond statement, and to submit to this Council a proposal
to purchase all of the improvement bonds to be issued in Assessment
District No. 16, Redwood Business Park.
This Council makes this appointment with the understanding
that the Managing Underwriter must commit considerable time and
expense to prepare this bond issue for public offering on a fully
contingent basis and therefore, the Managing Underwriter requires
assurances that said time and expense may be recovered in the
process of underwri~ing the bond issue:
This Council recognizes, additionally, that the Managing
Underwriter accepts as a condition of award of sale of bonds (at the
appropriate time) full responsibility for due diligence
investigation and disclosure relative to tnis ~ond issue.
Should this Council be advised by staff and a major.ity of
the property owners within the assessment district that the Managing
Underwrit~r is not satisfactorily fulfil.ling the above-listed
responsiailities, and/or that a satisfactory purchase proposal
COUNGIL FIL~'C~ v ' +•• ~R~Gf~NAL
REB. NO. +°'~e~ ~
cannot be developed, this Council may discontinue the services of
Wulff, Hansen & Co. as Managing Underwrit~r.
Under the pocver and a
conferred upon this Council by the Charter of said
I hereby certify the forevoine Fesolution ~vas introduced and adopted by the
Council of the City of Petaluma at a(Regular) ~~~ meecing Approved as
form
on the. ---••••-1St--••...._. daq of ..-•-----•• ~TUly....--•-•-••--•• ............:..... 19g.._.., by the
foltowing vote:
-•--•-•---••--•~-- ---•• --••....-•----
Ci tt ey
AYES: Bond/Cavanagh/Da;vis/Woolsey/Tencer/Balshaw/P![ayor T.~attei
NOES: None
ABSENT: None
.........:............. ......... .......... _ ..._. .. ~_._... _ ... ~--_~..
ATTEST: •-• .. ....... ....... . ... .. ... .. ... ~=~~ =-=•--- -........._....
~ y Cler~ ~~,~ Mayor
COUNCIL FILE
FORM CA 2 1/80 RES. N~. 85-221 N. C. S.