HomeMy WebLinkAboutResolutions - No. 88-136RESOLUTION NO. 88-136
BEFORE THE CITY COUNCIL OF THE CITY OF
LODI, CALIFORNIA
A RESOLUTION AWARDING SALE OF BONDS
TURNER ROAD AND CLUFF AVENUE ASSESSMENT DISTRICT NO. 1
(REASSESSMENT AND REFUNDING OF 1988)
RESOLVED, by the City Council of the City of Lodi, California, that
WHEREAS, this Council has received a proposal to purchase bonds to be issued to
represent unpaid reassessments levied in the proceedings under Resolution of Intention
Na 88- , adopted by said Council on September 28, 1988, for the reassessment
and refunding proceedings, as more particularly described in said Resolution of Intention,
and the public interest and general welfare will be served by the acceptance of said
proposal;
NOW, THEREFORE, IT IS ORDERED that:
1. Upon consummation of the reassessment and refunding proceedings said bonds
be, and they are hereby ordered sold to Wulff, Hansen do Co., San Francisco, California,
said sale to be subject to all the terms and conditions set forth in said accepted proposal,
and that the interest rates of said bonds be, and the same are hereby fixed at the rates
stated in said proposal.
2. The Director of Finance be, and he is hereby directed to have said bonds
printed, and that the same be signed, sealed and delivered to said purchaser upon receipt
of the amount therefor, in accordance with the terms and conditions contained in said
proposal and the proceedings held pursuant to said Resolution of Intention and any
amendments thereto.
DATED: Septenber 28, 1988.
I, ALICE M. REIMCHE, City Clerk of the City of Lodi, do hereby certify that
Resolution No. 88-136 was passed and adopted at a regular meeting of the City Council
of the City of Lodi, held September 28, 1988, by the following vote:
AYES: Councilmembers - Hinc: u , Reid, Snider and Pinkerton (Mayor)
NOES: Councilmembers - None
ABSE NT: Councilmembers - Olson
ABSTENTIONS: Councilmembers - None
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- -_'¢ .",: - AL M. RE MCH ity Clerk
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