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: