HomeMy WebLinkAboutReso. 1985 - 164 - Resolution ordering sale of series b bonds lake keswick sewer assessment district no. 1982-6 410
RESOLUTION NO. 0_5-- --,/Of
RESOLUTION ORDERING SALE OF SERIES B BONDS
LAKE KESWICK SEWER ASSESSMENT DISTRICT NO. 1982-6
The City Council of the City of Redding resolves :
The City Council accepts the offer of MUNICICORP OF
CALIFORNIA (attached to this resolution and by reference
incorporated in it) , to purchase all of the Series B improvement
bonds to be issued in Lake Keswick Sewer Assessment District
No. 1982-6 , City of Redding , Shasta County, California.
The 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
5th day of August, 1985.
AYES: Councilmembers Demsher, Fulton, Gard, Pugh, & Kirkpatrick
NOES: Councilmembers None
ABSENT: Councilmembers None
ABSTAIN: Councilmembers None
ETHEL A. NICHOLS, City Clerk,
City of Redding, Shasta County, California
OR!JG NA
r, c
OF CALIFORNIA
Specialists in Tax-Exempt Municipal Bonds,Funds&U.S.Government Securities
1888 Century Park East, Los Angeles, California 90067• (213)552-1681
July 30, 1985
Mayor and City Council
City of Redding
City Hall
Redding, CA. 96001
RE: CITY OF REDDING, NOT TO EXCEED $75, 000 . 00 , SERIES B, LAKE
KESWICK SEWER ASSESSMENT DISTRICT NO. 1982-6.
Dear Mayor and City Council Members:
This is to advise you that MuniciCorp of California agrees to
purchase the bonds to be issued on the above described project
under the following terms and conditions:
1. The bonds will be issued under the Municipal Improvement
Act of 1913 pursuant to the Improvement Bond Act of 1915.
2 . The approving, unqualified legal opinion of bond counsel
shall accompany the bonds when delivered.
3 . The price to be paid for the bonds is to be ninety percent
(90%) of the face amount issued.
4. Property taxes and prior assessment installments must be
paid current at or prior to delivery of the bonds to
MuniciCorp of California.
5. The coupon rates and principal amounts for each maturity
will be as follows:
-continued-
•
Other offices in San Francisco,Palm Springs,Newport Beach&Woodland Hills. Member of NASD•Member of SIPC
,4401s. 41111
_dor & City Council `�"ta � _
Page 2
07-30-85 �i''
Principal Interest Principal Interest
Year Amount Rate Year Amount Rate
1986 5 , 000 8. 50 1993 5, 000 9 . 50
1987 5, 000 8. 50 1994 5, 000 9. 50
1988 5, 000 8. 75 1995 5, 000 9. 50
1989 5, 000 8. 75 1996 5, 000 9. 75
1990 5, 000 9. 00 1997 5, 000 10. 00
1991 5,000 9. 25 1998 5,000 10. 00
1992 5 , 000 9. 25 1999 5, 000 10. 00
2000 5, 000 10. 00
Very trl �y yours,
/i!- L
Kenneth W. Roger
President
/st
cc: Sam Sperry
Don Van Dyke