HomeMy WebLinkAboutResolution 97-292 10/20/1997 Resolution No. s7-292 N.C.S.
of the City of Petaluma, California
RESOLUTION AU1'HORI7.ING THE CITY MANAGER OR FINANCE
DIRECTOR/TREASURER TO ENTER INTO BOND PURCHASE CONTRACT
McNEAR LANDING ASSESSMENT DISTRICT NO. 25
The City Council of the City of Petaluma resolves:
The City Council accepts the offer of Mark Pressman Associates (the
"Underwriter") to purchase all of the improvement bonds to be issued in McNear
Landing Assessment District No. 25, City of Petaluma, County of Sonoma, California in
accordance with the purchase contract of said Underwriter attached. hereto as Exhibit A
and by reference incorporated herein. T'he City Manager or the Finance
Director/Treasurer of the City is authorized to approve the maturity schedule, interest
rates, bond date and closing date for the delivery of bonds at any time prior to
December 1, 1997, provided that the net interest rate on the bonds does not exceed
8.0% per annum.
The City Council dtrects the sale and delivery of the bonds to the offeror
in accordance with the terms and condirions stated in the offer:
Undet the power and authority conferred upon this Council by the Charter of said~City.
REFERENCE: I hereby certify the foregoing Resolution was introduced and adopted by the APpmved as to
Council of the City of Petaluma at a (Regular) (Ac~gppFp~xgpg~~neeting fO~
on the ..._..2D.th........ daY of ......._..----OGYObeI'-----" 19....x.$ by the
following vote:
CityAttorney
AYES: Read, Keller, Stompe, Maguire, Vice Mayor Hamilton, Mayor Hilligoss
NOES: Torliatt
ABSENT: None
.f~J,~~,9~/~~.
ATTEST: - ..~'~l ~t~
7""`.""°.
City Clerk Mayor
Cb,mcil File...........
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