HomeMy WebLinkAboutReso. 1980 - 219 - Awarding sale of bonds - North Canby Road Area Sewer Assessment District 1980-1 ♦ • •
RESOLUTION NO. 8O-
RESOLUTION AWARDING SALE OF BONDS
NORTH CANBY ROAD AREA SEWER ASSESSMENT DISTRICT 1980-1
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 North Canby
Road Area Sewer Assessment District 1980-1 , City of Redding, Shasta
County, California.
Grande & Co. , Inc. have offered to
purchase all of the bonds representing unpaid assessments in accord-
ance with the terms and conditions of the Notice Inviting Bids for
Bond Purchase, and at the following price, to wit:
95.90% of par
and at the following rate or rates of interest:
July 2, 1982 through July 2, 1985: 9.25%; July 2, 1986 through July 2, 1988: 8.75%;
July 2, 1989 through July 2, 1991 : 9.00%; July 2, 1992 through July 2, 1996: 9.25%
That the bonds to be issued to represent unpaid assessments
be sold to Grande & Co. , Inc.
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.
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ORPEINAL
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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
September 15 , 1980 , by the following vote, to wit:
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
441:32';
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