HomeMy WebLinkAboutRES NO 233-87RESOLUTION NO. 233-87
RESOLUTION OF THE COUNCIL OF THE CITY OF BAKERSFIELD,
CALIFORNIA, APPROVING BOND PURCHASE CONTRACT IN THE
MATTER OF ASSESSMENT DISTRICT NO. 86-1 (PANORAMA HIGHLANDS)
WHEREAS, the CITY COUNCIL of the CITY OF BAKERSFIELD, CALIFORNIA, has heretofore
undertaken proceedings pursuant to the "Municipal Improvement Act of 1913", being
Division 12 of the Streets and Highways Code of the State of California, and has
confirmed assessments upon lands within a special assessment district described in a
Resolution of Intention previously adopted for said improvements, said special
assessment District known and designated as ASSESSMENT DISTRICT NO. 86-1 (PANORAMA
HIGHLANDS) (hereinafter referred to as the "Assessment District"); and,
WHEREAS, said proceedings provided for the issuance of bonds pursuant to the
"Improvement Bond Act of ].915", being Division 10 of the Streets and Highways Code
of the State of California; and,
WHEREAS, there has now been presented for consideration by this legislative body a
Bond Purchase Contract.
NOW, THEREFORE, IT IS HEREBY RESOLVED AS FOLLOWS:
SECTION 1. That the above recitals are all true and correct.
SECTION
That the Bond Purchase Contract, as submitted by M. L. STERN & CO.,
INC., is hereby approved and accepted, and the Finance Director is
hereby authorized to execute the contract on behalf of the City.
APPROVED and ADOPTED this 16th day of December , 1987.
ATTEST:
CITY CLERK
CITY OF BAKERSFIELD
STATE OF CALIFORNIA
MAYOR
CITY OF BAKERSFIELD
STATE OF CALIFORNIA
APPROVED as to form:
~N'I'~RLM CITY K~TORNE. Y'_
CItY OF B~ERSFIELD
STATE OF CALIFORNIA
STATE OF CALIFORNIA
COUNTY OF KERN
CITY OF BAKERSFIELD
I, CAROL WILLIAMS, CITY CLERK of the CITY OF BAKERSFIELD, CALIFORNIA, DO HEREBY
CERTIFY that the foregoing Resolution, being Resolution No. 233-87 , was duly
passed, approved and adopted by the City Council, approved and signed by the Mayor,
and attested by the City Clerk, all at the r~n]]~r meeting of said City Council
held on the ]6th day of ~r , 1987, and that the same was
passed and adopted by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCIL MEMBERS Childs, DeMond, Smith, Ratty, Peterson, McDermott,
Salvaggio
COUNCIL MEMBERS None
COUNCIL MEMBERS None
COUNCIL MEMBERS None
EXECUTED this 16th day of
December
, 1987, at Bakersfield, California.
CITY CLERK
CITY OF BAKERSFIELD
STATE OF CALIFORNIA