HomeMy WebLinkAboutResolutions 9935 N.C.S. 10/11/1983
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Resolution No. 993~ N. C. S.
of the City of Petaluma, California
ORDERING SALE OF BONDS
SPECIAL ASSESSMENT DISTRICT NO: 10 NS
The City Council of the City of Petaluma resolves:
~ The City Council accepts the offer of Birr, Wilson &
Co. , Inc. ,(attached to this resolution and by reference
incorporated in it), to purchase all of the improvement bonds to
be issued in Special As'sessment District No. 10 NS, City of
Petaluma, Sonoma County, California.
The City Council directs the sale and delivery of the
bonds to the offeror in accordance with the terms and conditions
stated in the offer.
ORICiNAI
Uader the pocvcr and autbcrity confcrred upon thia Counul by the Cbzrter of azid City
I hereby. certify tbe foregoine Reso2ution was in:roduced and adopted by the
h ~ 8 )~• J )~~~ g A~ ore~d. .'to
Counc~ of the Ci of Petaluma at a Re ular '~d'ourned meetin ' {or ,
11.th....... dap of .._.._.0^cto;ber....._ ~ ......, ~9......g~yrhe /" •~.
on the .......:.:...::..:.
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following vote: ~j f~-~~
City .qttorney
~f1YES: Perry, Battaglia, ~Bond, Cavanagh, Balshaw, V.M.Harberson, Mayor Mattei
N(JES: None ~
•1BSENT: one , ~ ~
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.~'I'TEST: .., ._...,:. J:.._
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• City Clerl $~,S'Q~ F 9935 NCS l~'~~~
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~IRR, ~ILSON ~ ~i0..,; T11TC.
CHICO .MEMBER .
GUPERTINO NEW YORK STOCK' EXCHANGE, 4NCORPOR~ATED
EUREKA
MENLO PARK -
OAKLAND
OROVILLE
PARADISE ~ .
PETALUMA
RED.BLUFP '
REDDING I,.,
Q~,'t~UQ"r 7 , -19~8:3
8AN RAFAEL ~
SANSA.ROSA
VALlEJO
YUBA~.CITY
~ BOISE. IDAHO
,NEW YORK CITY Mayor and City, Council
PORTLAND, OREGON Clty ~f P etaluma. ~ ~
'RENO. NEVADA ~ ~- -
~SEAT-TLE, WASHINGTON Past a~nd . Engl-i~sh .St~rleet.s
Petaluma, California 94953
Gentlemen:
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~ CT 1 1 198~
~ ,MAIN OFFICE.
I45' SANSOME ~STREET
SAN'FRANCISCO~, CAILIFORNIA 94104~
(41S) .983=7700
MAILING ADDRE55
P: O..BOX:~7760
SAN FRANCISCO. CALIFORNIA 94120
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O~T 1983
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Birr, Wilson & Co.,, Inc. hereby agrees to purchase from the City of
Petaluma $`2.,.257,:554 par value Industrial Av.enue Special Assessment
District Number lONS Bonds to be issuea':un'der the Improvement Act of
1915. The Bonds shall ma-ture each July 2 beginning July 2, 1985 and
bear interest 'in aceordance with the following schedule:
iNTEREST INTEREST INTEREST
YEAR AMOUNT RATE YEAF2 AMOUNT RATE YEAR AMOUNT RATE
1985', $ 27,554 9.75~ 19.9;0 $14'5,,000 10:00 1995 $205,.000 10.25~
1986 100,000 9.~75 1991 160,000 10.0 1996 165,000 10.875
1987 115,000 9.75 1992 185,000 10.25 1997 I65,000 10.875
1988 125,000 9.75 1993 195.,000 10,25 1998 165`,000 10.875
1989 140,000 9.75 1994 200,000 . 10.5 1999 165,000 10.875
Birr, wilson & Co., Inc. will pay 96~ of par value for the Bonds.
This purchase agreement is subject to the bonds receiving appr.o~al as
to t'heir legal;ity by Sturgis, Ness,, BrunseTl and Sperry, Emeryville,
California, Bond Counsel.
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The net interest rate, in'eluding discount, is 10.88~.
Yours very truly,,
, BIRR, WILSON & CO:., INC.
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' H. M' ael Richardson ~
Senior Vice President
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