HomeMy WebLinkAboutReso 94-108 - Awarding sale of Bonds (Tierra Oaks Assessment Dist No 1993-1) RESOLUTION NO.
RESOLUTION AWARDING THE SALE OF BONDS
(Tierra Oaks Assessment District No. 1993-1)
The City Council of the City of Redding resolves:
On April 5, 1994, this City Council adopted its
Resolution No. 94-87 providing for the issuance of $3 ,838, 057. 68
principal amount of the City of Redding, Limited Obligation
Improvement Bonds, Tierra Oaks Assessment District No. 1993-1
(the "Bonds") , and its Resolution No. 94-88 approving the form
and substance of the Preliminary Official Statement and Bond
Purchase Contract, and authorized the Financial Advisor to
distribute said form of Preliminary Official Statement and form
of Bond Purchase Contract in connection with the solicitation of
sealed bids for the purchase of the Bonds to be opened at 10: 00
A.M. on April 19, 1994, California time, at the offices of
Orrick, Herrington & Sutcliffe. In said Resolution No. 94-88
this Council directed that the results of said bid opening shall
be summarized and reported to this Council at its meeting at 7: 00
P.M. on April 19, 1994 with the expectation of awarding sale of
the Bonds at that time.
This City Council hereby finds and determines that
Stone & Youngberg (the "Offerer") is the successful bidder for
the purchase of the Bonds.
This City Council hereby accepts the offer of the
Offerer (attached to this resolution and by reference
incorporated in it) to purchase all of the Bonds.
°<
SF2-29323.1 �.i
This City Council directs the sale and delivery of the
Bonds to the Offeror in accordance with the terms and conditions
stated in the offer.
I HEREBY CERTIFY that the foregoing resolution was duly
and regularly adopted by the City Council of the City of Redding,
Shasta County, California, at a regular meeting thereof, held on
the 19th day of April, 1994 .
AYES: Councilmembers P. Anderson, Kehoe, McGeorge, Murray and R. Anderson
NOES: Councilmembers None
ABSENT: Councilmembers None
CONNIE STROHMAYER, City Clerk,
City of Redding, Shasta County,
California
By
SF2-29323.1 2
APR 19 '94 10:56AM oHLs 6GC 415 7734246 $roh'8>>ut:vc80ic P.2i3
®001
EXM1T A
$33.333.31
CITY OF MiTFD OBLIGATION�Q G
L1
x1k UU OAKS A&WSSMENi D QgoXmMNT 943-1
Duod: MAY 3, 1994
Am1clPuad Dtllvay Du,: IK,Y 3, 1994
Par Amom.- S3.80,ftp
F,uchaso Price: ;4'•p/, Wwd11Jr I dtz=of
Net lat=t cut:
Imltial
mawlty Due Principe! off&inj
(Sept=bu 2) Amounts imtcrest price as
Rats R of Pat
1995 $23,353.31
1 105.000.00
210,000.00
1998 125,000.00
1999 130,000.00
6000 140,000.00
2001 1430000.00
2002 )S51000.00
2003 163,000.00
2004 175,000.00
2005 183,000.00
2006 200,000.00
2007 210,000.00
2008 223,000.00
2009 240,000.00
2010 260,000.00 ,
2011 275,000.00
2012 2013 295,000.00
320,000.00
2014 340,000.00
For PUMSes of PropoS" there WHI only be aerial maturities as W forth above. However,
It the t1Ad+tr tku has specified the Lame t2t8mt rue br aousaautiw mawtities, upon award of
APR 19 194 10:57AM OH&S 6X 415 ?'734246 P,3/3
E '
the Hoath the undtltvvritet may specify iw any sucb COn3ecudvs n= I=rat race mstturities
may be grouped a twrh Banda duo ft fIrW y&U of such group. Thariot
YM PrIftelw
11=UM within ft SMUp will be dory ademption &Mount$ for those WM BOWS. The
yt3tlarvVl'itQt'=y to Cra OZA Or M&# tOM Wtur4l a of BOWS.
Payment Duh
(September Z) PtwC4 sl gaunt
—11980 4 Younsbarg
r
&&"Rath C. wl"I s. Psrtaar
Td: 91;1-13