HomeMy WebLinkAboutResolutions - No. 81-157RESOLUTION NO. 81-157
BEFORE THE CITY COUNCIL OF THE CITY OF
LODI, CALIFORNIA
TURNER ROAD AND CLUFF AVENUE ASSESSMENT DISTRICT NO. 1
A RESOLUTION AWARDING SALE OF BONDS
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 assessments levied in the proceedings
under Resolution No. 81-39, a Resolution of Intention to Acquire
and/or Construct Improvements, adopted by this Council on April 15,
1981, and that the public interest and general welfare will be
served by the acceptance of said proposal;
NOW, THEREFORE, IT IS ORDERED as follows:
1. That upon consummation of special assessment district
proceedings said bonds be, and they are hereby, ordered sold to
WULFF, HANSEN & 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 rate of said bonds be, and the same
is hereby fixed at the rate stated in said proposal.
2. That the Director of Finance be, and he is hereby directed
to have said bonds printed upon the expiration of the cash payment
period herein, 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 No. 81-39, and any
amendments thereto.
DATED: November 18, 1981.
I, ALICE M. REIMCHE, City Clerk of the City of Lodi, do hereby
certify that Resolution No. 81- 157was passed and adopted at a
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regular meeting of the City Council of the City of Lodi, held
November 18, 1981, by the following vote:
AYES: Councilmen - Hughes, Murphy, Pinkerton, Katnich
and McCarty
NOES: Councilmen - None
ABSENT: Councilmen - None
ABSTENTIONS: Councilmen - None
�ALICE M�IIMCH � City Clergy
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