HomeMy WebLinkAboutReso 100-1989 RESOLUTION NO. 100-89
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION ACCEPTING BOND PURCHASE OFFER
FOR THE SERIES 1989-B IMPROVEMENT BONDS
FOR THE EL CAMINO PLAZA ASSESSMENT DISTRICT
RESOLVED, by the City Council (the "Council") of the City of
South San Francisco (the "City"), County of San Mateo,
California, that
WHEREAS, on this date, Kelling, Northcross & Nobriga, a
financial consultant to the City, has presented to this Council,
a form of offer (the "Offer") for the purchase of $ 341,551.00 par
value of Series 1989-B Limited Obligation Improvement Bonds (the
"Bonds") to be issued by the City in proceedings undertaken
pursuantlto Resolution of Intention No. 145-88 adopted by this
Council On December 14, 1988, from the firm of
Stone and Y0un§berq (the "Underwriter").
WHEREAS, a copy of the Offer is on file with the City Clerk
of this City and reference is hereby made to the Offer for
further particulars;
WHEREAS, this Council has considered the Offer and finds it
acceptable subject to the conditions set forth in this
resolution; and
WHEREAS, the public interest and convenience will be served
by accepting the Offer.
NOW, THEREFORE, IT IS ORDERED as follows:
1. 'The Offer is hereby approved and the Bonds sold to the
Underwriter at the interest rates set forth in the Offer.
2. The Finance Director of the City is hereby authorized
and directed to cause the bonds to be printed, authenticated and
delivered, all in accordance with the applicable terms of the
Offer and the Finance Director and other responsible City
officials are hereby authorized and directed to take such actions
as are required under the Offer to complete all actions and to
execute all documents required to evidence the delivery of the
bonds and the receipt of the purchase price thereof from the
Underwriter.
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
12th day of
the following vote:
regular
July
meeting held on the
· 1989 by
AYES:
NOES,:
ABSTAIN:
Councilmembers Mark N. Addiego, Jack Drago, Richard A.
Haffey, Gus Nicolopulos, and Mayor Roberta Cerri Teglia
None
None
ABSENT: None
~ATTEST:
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