HomeMy WebLinkAboutRES NO 153-93RESOLUTION NO. X 5 8 ' 9 ~
RESOLUTION OF THE CITY OF BAKERSFIELD,
CALIFORNIA, REGARDING THE HOLDING OF A
PUBLIC HEARING IN CONNECTION WITH THE SALE
AND DELIVERY OF THE NOT TO EXCEED $7,500,000
CITY OF BAKERSFIELD, CALIFORNIA, REFUNDING
CERTIFICATES OF PARTICIPATION, SERIES 1993
(BAKERSFIELD ASSISTED LIVING CENTER)
WHEREAS, the City of Bakersfield, California (the
"City"), is a municipal corporation and charter city duly
organized and existing under and pursuant to the provisions of
the Constitution and laws of the State of California; and
WHEREAS, the City has caused the timely publication of
notice regarding the holding of the public hearing in accordance
with Section 147(f) of the Internal Revenue Code of 1986, as
amended (the "Code"), in connection with the proposed sale and
delivery of the City of Bakersfield, California, Refunding
Certificates of Participation, Series 1993 (Bakersfield Assisted
Living Center) (the "Certificates").
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF
BAKERSFIELD DOES HEREBY FIND, RESOLVE, DETERMINE AND ORDER AS
FOLLOWS:
Section 1. Public Hearing. Testimony and Comments.
The City has held a public hearing in accordance with provisions
of Section 147(f) of the Code, and has considered all testimony
and comments submitted in connection with the proposed sale and
delivery of the Certificates.
Section 2. ADDroval bv City. The City, after
consideration of comments received at the public hearing, hereby
approves the sale and delivery of the Certificates.
section 3. ADDroYal bv Elected Representative. It
is the purpose and intent of the city that this Resolution
constitute approval by the applicable elected representative in
accordance with the terms of Section 147(f) of the Code.
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ORIGINAL
Section 4. Effective Date. This Resolution shall
take effect from and after its passage and adoption.
I HEREBY CERTIFY that the foregoing Resolution was
passed and adopted by the Council of th~E~t~ ~ Bakersfield at
a regular meeting thereof held on , by the
following vote:
AYES: COUNCILMEMSERS I~, EDWARDS, DeMOND, SMITH, BRUNNI, ROWLES, SALVAGGIO
NOES: COUNCILMEMBERS
ABSTAIN: COUNCILMEMBERS
ABSENT: COUNCILMEMBERS
CITY CLERK and EX OFFICIO CLERK of the
Council of the City of Bakersfield
APPROVED on SEP ?, Z ~9~
MAYOR of the City of Bakersfield
APPROVED as to form:
SABO~/~EEN, A Professional Corporation
Countersigned:
Lawrence M. Lunardlni
CITY ATTORNEY of the City of Bakersfield
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