HomeMy WebLinkAboutReso. 1976-136 - Establishing maturity schedule for bonds, Sequoia Street Extension Assessment District 1976-1RESOLUTION NO . %L - / 3 �
RESOLUTION ESTABLISHING MATURITY SCHEDULE FOR
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, by its Resolution of Intention No. 76-90
provided that bonds to be issued to represent unpaid assessments
would be issued in accordance with the provisions of Division 10
(The Improvement Bond Act of 1915) of the Streets and Highways
Code of the State of California.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Redding, Shasta County, California, that the maturity sche-
dule for the bonds to be issued in said Sequoia Street Extension
Assessment District 1976-1, City of Redding, Shasta County, Calif-
ornia, being Series No. 1976-1, shall be as shown on "Exhibit A"
annexed to this resolution, which maturity schedule is, by this re-
ference, incorporated herein and made a part hereof.
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:
NOES:
COUNCILMEN• Anderson, Demsher, Gard Pugh, and Fulton
COUNCILMEN: None
ABSENT: COUNCILMEN: None
MILDRED L. BRAYTON, City Clerk,
City of Redding, Shasta County,
California
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Bond Numbers
(Inclusive)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
MATURITY SCHEDULE
SEQUOIA STREET EXTENSION ASSESSMENT
DISTRICT 1976-1, CITY OF REDDING,
SHASTA COUNTY, CALIFORNIA
Maturity Date
of Bonds
July 2, 1978
July 2, 1979
July 2, 1980
July 2, 1981
July 2, 1982
July 2, 1983
July 2, 1984
July 2, 1985
July 2, 1986
July 2, 1987
July 2, 1988
July 2, 1989
July 2, 1990
July 2, 1991
July 2, 1992
TOTAL
Total Amount
Maturing
$ 154.25
600.00
600.00
600.00
600.00
600.00
600.00
600.00
600.00
600.00
600.00
600.00
600.00
600.00
600.00
$ 8,554.25
Interest
Rate
7.50%
7.50%
7.500
7.50%
7.500
7.50%
7.50%
7.50%
7.50%
7.50%
7.50%
7.50%
7.50%
7.50%
7.50%
NOTE: Bond No. 1 is in the amount of $154.25. All other
bonds are in $600.00 denominations.