HomeMy WebLinkAboutReso 82-232 - Authorizing issuance of bonds - Upper Churn Creek Sewer Assessment District No. 1980-7RESOLUTION NO.
RESOLUTION AUTHORIZING ISSUANCE OF BONDS
UPPER CHURN CREEK SEWER ASSESSMENT DISTRICT NO. 1980-7
The City Council of the City of Redding resolves:
1. The City Treasurer has filed a Paid and Unpaid
List in these proceedings and adopted a resolution determining.
assessments remaining unpaid in the amount of $1,981,268.64.
2. This Council authorizes the issuance of bonds in
accordance with the Improvement Bond Act of 1915 in the amount of
$1,981,268.64 and approves the maturity schedule attached to this
resolution as Exhibit A for the bonds in this amount for Upper Churn
Creek Sewer Assessment District No. 1980-7, City of Redding, Shasta
County, California.
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
20th day of December, 1982.
AYES: Councilmembers Demsher, Fulton, Pugh, and Gard
NOES: Councilmembers None
ABSENT: Councilmembers Kirkpatrick
ETHEL A. NICHOLS, City Clerk, City of
Redding, Shasta County, California
MATURITY SCHEDULE
UPPER CHURN CREEK SEWER ASSESSMENT DISTRICT NO. 1980-7
YEAR
RATE
PRINCIPAL
1983-84
12.000 $
56,268.64
1984-85
11.000
70,000.00
1985-86
10.500
75,000.00
1986-87
10.500
85,000.00
1987-88
10.500
90,000.00
1988-89
10.500
100,000.00
1989-90
10.000
115-000.00
1990-91
10.250
125,000.00
1991-92
10.500
135,000.00
1992-93
10.750
145,000.00
1993-94
11.000
160,000.00
1994-95
11.000
175,000.00
1995-96
11.100
195,000.00
1996-97
11.100
215.000.00
1997-98
11.100
240,000.00
$ 1,981,268.64
EXHIBIT A