HomeMy WebLinkAboutRES NO 209-92RESOLUTION NO. i~0 9 - 9 2
RESOLUTION /%PPROVING PORCHASE CONTRACT
AND AWARDING 8ALE OF BONDS
CITY OF BAKERSFIELD
ASSESSMENT DISTRICT NO. 91-1
(HOSKING TRUNK SENER)
RESOLVED, by the city Council of the City of Bakersfield,
California, that:
WHEREAS, the Council, by Resolution No. 204-92 , adopted
November 4, 1992, authorized the issuance of the city of
Bakersfield Assessment District No. 91-1 Limited Obligation
Improvement Bonds in the aggregate amount of not to exceed
$3,620,000; and
WHEREAS, sale of the Bonds has been duly negotiated in
the manner prescribed by Resolution No.204-92; and
WHEREAS, the negotiated bid received for the Bonds was
from Westhoff-Martin and Associates, whose Purchase Contract on the
various Bonds, maturing as set forth in the Purchase Contract, is
on file with the City Clerk of the city of Bakersfield and
incorporated herein by reference.
NOW, THEREFORE, IT IS HEREBY FOUND, DETERMINED AND
ORDERED AS FOLLOWS:
1. The sale of the Bonds to Westhoff-Martin and
Associates, in the aggregate principal amount of not to exceed
$3,620,000, pursuant to the terms of the Purchase Contract therefor
on file with the City Clerk of the City, is in the best interest of
the public, and such sale is hereby authorized and awarded pursuant
to the terms of the Purchase Contract.
2. The Purchase Contract is hereby approved and the
Treasurer/Finance Director of the City is hereby authorized and
directed to execute the Purchase Contract and all other necessary
documents, in forms approved by the city Attorney of the City
and/or Bond Counsel, and to do all other things necessary, to
complete such sale and delivery of the Bonds.
3. This resolution shall take effect upon adoption.
ORIGINAl.
I HEREBY CERTIFY that the foregoing Resolution was passed
and adopted by the city Council of the City of Bakersfield at a
regular meeting thereof held on the 4th day of November, 1992,
by the following vote:
AYES:
NOES:
COUNCILMEMBERS:
COUNCILMEMBERS:
McDermott, Edwards, DeMond, Smith,
Brunni, Peterson, Salvaggio
NONE
ABSENT:
COUNCILMEMBERS: NONE
ABSTENTIONS:
COUNCILMEMBERS: NONE
city Clerk and Ex Officio
Clerk of the Council of the
city of Bakersfield
APPROVED this 4th day of November,
MAYOR of the city o~ Bakersfield
1992.
COUNTERSIGNED:
cie//r B~:i~lrec Or Of
APPROVED AS TO FORM:
J~ckso~n Hargr~e Emerlch
Pedreira & Nahigian
BOND COUNSEL
APPR03/ED AS TO FORM:
CITY ATTORNEY of
City of Bakersfield
700376EF. R03
-2-
ORIGINAL