HomeMy WebLinkAboutReso 100-1980RESOLUTION NO.
A RESOLUTION AUTHORIZING PURCHASE OF
BONDS BY CITY
DOWNTOWN REVITALIZATION PROJECT ST-79-1
ASSESSMENT DISTRICT
RESOLVED, by the Council of the Cit.v of South San Francisco, County of
San Mateo, California, that the bonds to be issued to represent unpaid
assessments in proceedings conducted by the Council pursuant to Resolution of
Intention No. 2-79, adopted b.y this Council on January 3, !979, shall be
purchased by the City of South San Francisco, at par plus ac'c~ued interest to
the date of delivery, all of said bonds to bear interest at the rate of 9.00%,
and to be accompanied by the approving legal opinion of Jones Hall Hill-&
White, bond counsel.
The Director of Finance of the City of South San Francisco is hereby
authorized and directed to have said bonds printed forthwith, and as
economically as possible, and that the same be immediately signed, sealed and
delivered to the City Treasurer on receipt of the purchase price thereof.
The City Treasurer shall not sell said bonds unless and until he is able
to provide the purchaser with a non-litigation certificate in customar.v form.
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 the 2~ day 'of Am~ust , 1980, by the following vote'
AYES, CounCtlmen.:'Ronald~G,~-:Acosl;a,-I~ark.~N.~ Addtege, Emanuele N. Damonte,
Gus gtcololzulos; and Councilwoman Roberta Cerrt Teglta
NOES: None
ABSENT: None
ABSTAINED:
ATTEST-
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