HomeMy WebLinkAboutReso. 78-083 - Authorizing Sale of Bonds Mac's Road Assessment District No. 1978-2 RESOLUTION NO. 7 8 -$ 3
• RESOLUTION AUTHORIZING SALE OF BONDS
MAC' S ROAD ASSESSMENT DISTRICT NO. 1978-2
WHEREAS, the City of Redding has advertised for bids for sale of
bonds to be issued to represent assessments in an amount not to exceed
$79 , 505 . 02 ; and
WHEREAS, Stone & Youngberg - have offered to
purchase all of the bonds representing said assessments in accordance
with the terms and conditions of the notice of sale for said bonds and
at the following price, to wit: 95.5% of Par
and at the following rate or rates of interest: 7.40%
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Redding, Shasta County, California , that said bonds to be issued to
represent said assessments be sold to Stone & Youngberg
at the price named in their bid on file herein, plus accrued interest from
the date thereof until paid and in accordance with all of the terms and
• conditions of the notice of sale for said bonds.
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 19th day
of June, 1978, by the following vote, to wit:
AYES : Councilmembers Fulton, Gard, Kirkpatrick, and Demsher
NOES : Councilmembers None
ABSENT: Councilmembers Pugh
MILDRED L. BRAYTON , City Clerk ,
City of Redding, Shasta County,
California
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