HomeMy WebLinkAboutResolutions 9697 N.C.S. 03/14/1983F~esolution No.9697 1~1. C. S.
of the Gity of Petaluma, California
RESOLUTION AUTHORIZING OFFICERS OF THE CITY
TO PARTICIPATE IN THE PREPARATIQN OF
DOCUMENTS OR AGREEMENTS NECESSARY FOR THE
ISSUANCE OF BONDS TQ FINAN:CE N1UL.TIFAMILY
HOUSING TO BE CONSTRUCTED AND OWNED BY DUFFEL
FINANCIAL AND COPISTRUCTTON COMPANY
WF3EREAS, the' Gity of Petaluma (the"City"') ,is a municipal corporation
and Charter City duly organized and existing' under the Constitution and
the laws of the State of California; and,
WHEREAS, the City Council of the City has resolved to conditionally
provide for the issuance of bonds to finance multifamily housing to be
constructed and owned by Duffel Financial and Construction Company (the
"Owner" ) ; . - _
NUW, THEREFORE, BE IT RESOLVEI), by the City Council of the City
of Petaluma as fo'llows :
1. The Mayor, City Clerk, City Manager, City Attorney and their
deputies and other officers of the City are hereby authorized and directed
to participate in the preparation of any resolution, indenture, bond
purchase agreement, official statement and/or other documents or
agreements necessary or appropriate to effect such financing, and the
Mayor of the City is hereby further authorized to execute the preliminary
agreement between the City and the Owner referred to in Section 1(iv) of
the resolution conditionally providing for issuance; of said bonds for and in
the name and on behalf of the City.
2. This Resolufion shall take effect immediately.
Under the power and authority conferred upon this Gouncil by the Charter of said City.
I hereby certify the 'foregoing R,esolution was introduced and adopted by the Approved as to
Council of the City of Petaluma at a(Regular) (Adjourned) (5~5~) meeting form
on the .--•-•14tI1-•.•-----. day of .._....._.MdrCll..........--• ..................•....., 19..8.3, by the
fOIloW1IIa VOtC: .-••••••--.....-°°- - -•
- • -•---°°--•-••••-
City Attorney
AYES: gal~shaw, Battaglia, Bond, Cavanagh, Harberson, Perry, Mayor Mattei
NOES: None
ABSENT: NOne ,
. - ~ ~~~~~
A'I"I'EST. ..-•-• -=. . . . ............. ..... . ........ .. ...••- •• •. ..._......_.........•• •- ••... ........_....--•.......:...••••.........•••......••• -•--..
y Clerk - Mayor
Council File... .. . .~y . .....
Form CA 2 7/81 Res. No.... ~~~/ ...............