HomeMy WebLinkAboutReso 5909-1972RESOLUTION NO. 5909
A RESOLUTION AMENDING-RESOLUTION NO. 5897
ENTITT. ED "A RESOLUTION DETERMINING UNPAID
ASSESSMENTS AND PROVIDING FOR ISSUANCE OF
BONDS"
EL CAMINO REAL SIDEWALK PROJECT
(Orange to Chestnut)
ASSESSMENT DISTRICT
RESOLVED, by the City Council of the City of South San
Francisco, California, that the Resolution cited in the title,
a'dopted by this Council on August 7, 1972, is amended to add
section 7a, to read:
"Tao The City hereby covenants to the purchasers of the
Bonds and their successors' in interest that it will make no use
of the proceeds of said Bonds at any time during the term
thereof which, if such use had been reasonably expected at
the date the Bonds were issued, would have caused them to be
arbitrage bonds within the meaning of Section lOB(d) of the
United States Internal Revenue Code of 195~ and the applicable
regulations of the United States Treasury Department."
I hereby certifY that the foregoing resolution was
regularly introduced and adopted by the City Council of
the City of South San Francisco at a
held this ?8 day of .~ugu~t.
following vote:
AYEs, COUNCILMEN
regular me e t ing
· 1972, by the
Patrick ~E. Aher_u, _Gordon T. Boblitt,~ ..
William A. Borba and Warren ~teimkamp
NOES,
ABSENT,
C OUNC ILMEN
COUNCILMEN
None
F. Frank Mammini
ATTEST:
Uity k