HomeMy WebLinkAboutReso 82-187 - Amending Resolution of Intention No. 81-80 upper Churn Creek Sewer Assessment District No. 1980-7RESOLUTION NO. g!,L.19Z
RESOLUTION AMENDING RESOLUTION OF INTENTION NO.
UPPER CHURN CREEK SEWER ASSESSMENT DISTRICT NO. 1980-7
The City Council of the City of Redding resolves:
Resolution of Intention No. 8q_-8.0 for Upper Churn Creek
Sewer Assessment District No. 1980-7, City of Redding, Shasta
County, California, adopted by the City Council on May 4; 1981,
is hereby amended by deleting the following paragraph:
Serial bonds representing unpaid assessments, and
bearing interest'at a'rate.not'tc exceed' the maxi-
mum rate permitted by law at the time of sale of
said bonds,. will be issued in the manner provided
by the Improvement Bond Act of 1915 (Division 10,
Streets and Highways Code), and the last installment
of the bonds shall mature fourteen years from the
second day of July next succeeding ten (10) months
from their date.
and substituting therefor the following:
Serial bonds representing unpaid assessments, and
bearing interest at a rate not to exceed twelve
percent (12%) per annum, will be issued in the manner
provided by the Improvement Bond Act of 1915 (Divi-
sion 10, Streets and Highways Code), and the last
installment of the bonds shall mature not more than
nineteen years from the second day of July next
succeeding ten (10) months from their date.
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 1st day of November, 1982.
AYES: Councilmembers Demsher, Kirkpatrick, Pugh, and Gard
NOES: Councilmembers Fulton
ABSENT: Councilmembers None ,
ETHEL A.,NICHOiS;.City_Clerk, City of `
O Oo
Redding, County;<California op �Of�Of�l�d P �
Byes U.