HomeMy WebLinkAboutReso. 1976-135 - Authorizing sale of bonds, Sequoia Street Extension Assessment District 1976-1r - '
RESOLUTION NO . 76 -1--'3s-
RESOLUTION
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RESOLUTION AUTHORIZING SALE OF BONDS, SEQUOIA
STREET EXTENSION ASSESSMENT DISTRICT 1976-1, CITY
OF REDDING, SHASTA COUNTY, CALIFORNIA
WHEREAS, the City Council of the City of Redding, Shasta
County, California, has received a written proposal from BIRR,
WILSON & CO., INC. offering to purchase improvement bonds to be
issued by the City of Redding to represent unpaid assessments levied
pursuant to the Resolution of Intention for Sequoia Street Extension
Assessment District 1976-1, City of Redding, Shasta County, California,
which Resolution of Intention was adopted by the City Council of the
City of Redding on the 16th day of August, 1976, for payment of the
improvements and acquisitions, and all of the incidental expenses
in connection therewith, in said assessment district; and
WHEREAS, it is the opinion of this City Council that the pub-
lic interest and convenience will be served by accepting the offer
of the said BIRR, WILSON & CO., Inc. dated October 20, 1976,
and will also be served by selling the said bonds at the price there-
in named;
NOW, THEREFORE, IT IS HEREBY ORDERED that the proposal of
BIRR, WILSON & CO., INC. dated the 20th day of October, 1976,
be, and the same is hereby accepted, and that the bonds be, and they
are hereby ordered sold to BIRR, WILSON & CO., INC. in the amount
and subject to the terms and conditions stated in the bid of the
said BIRR, WILSON & CO., INC.;
BE IT FURTHER RESOLVED that the interest rate of said
bonds be, and the same is hereby, fixed at the rate stated in the
said bid, and that said bonds shall be dated the 15th day of November,
1976, and shall bear interest from said date.
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�MILDRED L. BRAYTON, City Clerk,
City of Redding, Shasta County,
California
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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
the lst
day of November, 1976, by the following
vote, to
wit:
AYES:
COUNCILMEN: Anderson, Demsher, Gard, Pugh, and
Fulton
NOES •
COUNCILMEN: None
ABSENT •
COUNCILMEN: None -�
�MILDRED L. BRAYTON, City Clerk,
City of Redding, Shasta County,
California
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