HomeMy WebLinkAboutReso 157-1982 RESOLUTION NO. 157-82
A RESOLUTION AWARDING SALE OF BONDS
THE GATEWAY ASSESSMENT DISTRICT
· NO. ST-82-2
RESOLVED, by the City Council of the City of South San Francisco, County
of San Mateo, California, that
1. This Council has received a written offer from Stone & youngberg;
Merrill Lynch White Weld Capital Markets Group; M. L. Stern and Co., Inc.; and
Wulff, Hansen & Co., to purchase bonds to be issued to represent a portion of
the unpaid assessments levied in proceedings had pursuant to Resolution of
Intention No. 74-82, adopted by this Council on July 7, 1982.
2. The public interest and convenience will be served by the
acceptance of said offer.
3. Said offer is her.eby accepted and said bonds be, and they are
hereby, ordered sold to Stone & Youngberg; Merrill Lynch White Weld Capital
Markets Group; M. L. Stern and Co., Inc.; and Wulff, Hansen & Co., said sale
to be subject to all of the terms and conditions set forth in said written
offer.
4. The City Treasurer of said City be, and is hereby, directed to
cause the bonds printed and the same to be signed, sealed and delivered on
receipt of the amount to be paid therefor as stated in said offer, and upon
the performance of the conditions contained in said offer.
5. The interest rates of said bonds shall be, and the same are hereby,
fixed at the rates stated in said offer.
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 meei~in§ held on this 1st day of December , 1982, by the
following vote:
AYES: Councilmembers Ronald G. Acosta, Mark N. Addiego, Emanuele N.
Damonte, Gus Nicolopulos; and Roberta Cerri Teglia
NOES: None
ABSENT: None
ATTEST'