Loading...
HomeMy WebLinkAboutReso. 1980 - 158 - Authorizing sale of bonds - Wilsey-Willowbrae Assessment District no. 1979-2 • • RESOLUTION NO. SO.- /g RESOLUTION AUTHORIZING SALE OF BONDS Wilsey-Willowbrae Assessment District No. 1979- 2 The City Council of the City of Redding resolves: The City of Redding has advertised for bids for the sale of bonds to be issued to represent unpaid assessments in Wilsey-Willow- brae Assessment District No. 1979-2 , City of Redding, Contra Costa County, California. Stone & Youngberg, San Francisco, California have offered to purchase all of the bonds representing unpaid assess- ments in accordance with the terms and conditions of the Notice Inviting Bids for Bond Purchase, and at the following price, to wit: 92. 56% of the par value thereof and at the following rate or rates of interest: 1981-83, 7. 25% ; 1984-85, 7. 50% ; 1986-88, 8 . 25% ; 1989-95, 8 . 75% That the bonds to be issued to represent unpaid assessments be sold to Stone & Youngberg at the price named in their bid on file in the office of the City Clerk, and in accordance with the terms and conditions of the Notice Inviting Bids for Bond Purchase for said bonds . That bonds shall be issued to represent all of the unpaid assessments under the provisions of the Improvement Bond Act of 1915 under the terms and conditions outlined in the Resolution of Intention on file in these proceedings. M(�(�n ©E lC Ufl L -1- • • ' 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 21st day of July, 1980. AYES : Councilmembers Demsher, Fulton, Gard, Kirkpatrick, and Pugh NOES : Councilmembers None ABSENT: Councilmembers None MILDRED L. BRAYTON, City Clerk, City of Redding, Shasta County, California I it -2-