HomeMy WebLinkAboutReso. 1981 - 289 - Directing that Assessment No. 3 be excluded from bond sale - Hartnell Avenue Assessment District No. 1980-3171
RESOLUTION NO. Y / -a 5'/:
RESOLUTION DIRECTING THAT ASSESSMENT NO. 3
BE EXCLUDED FROM BOND SALE
HARTNELL AVENUE ASSESSMENT DISTRICT NO. 1980-3
1. The City Council of the City of Redding hereby finds
and determines as follows:
A. The pendency of litigation respecting Assessment
No. 3, levied upon property owned by William and Norma Harter, pre-
cludes Bond Counsel for the City from delivering the required no -
litigation certificate to any bond purchaser as respecting bonds
issued against the security of said Assessment No. 3.
B. Acting on the advice of said Bond Counsel, said
circumstances constitute "other cause" precluding the issuance of
bonds upon the security of Assessment No. 3.
2. On the basis of the evidence set forth in the foregoing
paragraph 1 and pursuant to Section 8625 of the California Streets
and Highways Code, this City Council hereby authorizes that the
improvement bonds to be issued with respect to the unpaid assessments
in the Hartnell Avenue Assessment District No. 1980-3 shall not
include any bonds upon the security of Assessment No. 3 until the
City is able to do so as determined by Bond Counsel.
N
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 December, 1981, by the following vote:
AYES: Councilmembers (lpmchpr. Fultnn, bard, and Pugh
NOES: Councilmembers None
ABSENT: Councilmembers Kirkpatrick
ETHEL A. RICHTER, City Clerk,
City of Redding
Shasta County, California
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