HomeMy WebLinkAboutResolution 91-147 06/03/1991` ReSOIUtI®p NQ. 91-147 ~.C.S.
of tine City of Petaluma, California
RESOLUTION APPROVING NOTICE INVITING BIDS
FOR PURCHASE OF $16,120,000 IMPROVEMENT BONDS
AND AUTHORIZING CITY MANAGER TO ENTER INTO
AN AGREEMENT FOR THE SALE OF THE BONDS
ASSESSMENT DISTRICT NO. 21
CORONA-ELY ASSESSMENT DISTRICT
The City Council of the City of Petaluma resolves:
1. This City Council hereby approves the proposed form
of Notice Inviting Bids for Purchase of $16,120,000 Improvement
Bonds presented to the City Council by CPF Incorporated (the
"Financial Advisor") and hereby sets 11:00 A.M., July 9, 1991, at
the office of the City Clerk, 11 English Street, Petaluma.,
California, 94952, as the date, time and. place for the receipt. and
opening of sealed bids for the purchase of not less than all of the
authorized issue.
2. The City Manager is authorized to approve the bid on
behalf of the City from the bidder offering the lowest net interest
cost as defined in the Notice Inviting Bids for Purchase of
$16,120,000 Improvement Bonds, and to enter into an agreement with
said bidder for the sale of the bonds.
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3. This City Council hereby authorizes the City Clerk,
in coordination with the Finance Director and the Financial
Advisor, to provide all required publication and other distribution
of the Notice Inviting Bids for Purchase of $16,120,000 Improvement
Bonds and all required report forms to the California Debt Advisory
Commission.
Under 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 Approved as to
Council of the City of Petaluma at a (Regular) (Adjourned) (Special) meeting {O~
on the ......3rd.---...... day of .............June.......-------....--------...---.., 19.9.1, by the
following vote:
City Attorney
AYES: Read, Davis, Woolsey, Nelson; Vice Mayor Cavanagh, Mayor Hilligoss
NOES: None -
ABSENT: So el
ATTEST : ....................... ...................................................................
' y Clerk Mayor
Council File........... - _ _
CA 10-85 RCS. No . .....................~.1-.~~~