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HomeMy WebLinkAboutReso 213-1977-.0.L68A-7a WJML:KXJ:shw 11/09/77 RESOLUTION NO. 213.-77 A RESOLUTION APPROVING OFFICIAL STATEMENT AND AUTHORIZING AND DIRECTING CERTAIN ACTIONS WITH RESPECT THERETO GELLERT BOULEVARD EXTENTION PROJECT ASSESSMENT DISTRICT RESOLVED, by the City Council of the City of SOuth San Francisco, California, that WHEREAS, this Council has authorized a call for bids for the sale of $1,432,124 of improvement bonds to be issued to represent unpaid assessments in proceedings being conducted purusuant to Resolution of Intention No. 52-77, adopted May 4, 1977, all subject to the public hearing scheduled for December 7, 1977.1 WHEREAS, pursuant to this Council's authorization, the City's Bond Counsel has prepared ancI presented to this CoUncil an OffiCial Statement cOntaining information material to the offering and sale of the bondsl and WHEREAS, this Council, with the aid of its.staff, has reviewed the Official Statement, has made such corrections and additions thereto as it deems proper and has determined that the facts therein set forth are true and correct in all material respects and that the Official Statement contains no untrue statement of a materia! fact or omits to state .a material fact required to be stated where necessary to make a statement'not misleading in light of the circumstances under which it was made! .NOW, THEREFORE, IT IS ORDERED, as follows= · 1. The Official Statement is approved for distribution, in the offering and sale of $1,432,124 of improvement bonds. 2. The City Clerk ts authorized and directed 'to execute the Official Statement on behal.f of this City. 3. The City Clerk Is also authorized, in executing the · Official Statement, to approve further'corrections and additions therein by supplement or amendment thereto, of otherwise as appropriate, provided that any such corrections or additions shall be necessary to cause the information contained therein to c0n~orm with facts material to the bonds or .to the proceedings o£ thio· Council or such corrections or additions are in forB rather..than in substance. 4. The City's Bond counsel, on behalf of the Council and its Clerk, is authorized and directed to cause the Official Statement to be distributed to such municipal bond broker-dealers, to such banking institutions and to such other persons as may be interested in purchasing the bonds therein offered for sale. 5. The City Clerk or an appropriate officer of the City is authorized and directed to execute and to cause to be delivered to the purchaser of the bonds a statement that, to the signer's best knowledge and belief, the facts contained in the Official Statement, and any supplement or amendment thereto (which shall be deemed an original part thereof for the purposes of such statement) were, at the time of award of the bonds, and are, as of the date of delivery of the bonds, true and correct in all material respects and that the Official Statement did not, at the date of award of the bonds, and does not, as of the date of delivery of the bonds, contain any untrue statement of a material fact or omit to state material facts required to' be stated, where necessary to make a statement not misleading in light of the circumstances under which it was made. The signer shall, with the aid of the staff of the City take such further actions prior to the signing of the statement as are deemed necessary or appropriate to verify the accuracy of the statement. 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 regular meeting held on this 16th day of November, · 1977, by the following vote: AYES, Councilmembers: Emanuele N. Damonte, Terry J. Mirri and Leo Padreddii NOES, Councilmembers: Richard fl. Battaglia NQne ABSENT, Counc i lmembe r s .- A BSTA IN, COunci lmembers: William A. Borba ATTEST: