HomeMy WebLinkAboutReso. 78-128 - Establishing Maturity Schedule for Bonds to be Issued in Mac's Road Assessment District No. 1978-2 i --. • •
RESOLUTION NO. 7 — / %d,5
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• RESOLUTION ESTABLISHING MATURITY SCHEDULE
FOR BONDS TO BE ISSUED IN MAC' S ROAD
ASSESSMENT DISTRICT NO. 1978-2
WHEREAS, the City Council of the City of Redding, Shasta
County, California, by its Resolution of Intention No. 78-37, pro-
vided 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, that the maturity schedule for the bonds to be issued
in said Mac' s Road Assessment District No. 1978-2 , City of Redding,
Shasta County, California, being Series 1978-2 , shall be as shown
on "Exhibit A" annexed to this Resolution, which maturity schedule is ,
by this reference, 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 7th day
of August, 1978, by the following vote , to wit:
AYES: Councilmembers : Fulton, Gard, Kirkpatrick, Pugh, and Demsher
NOES : • Councilmembers : None
ABSENT: Councilmembers : None
MILDRED L. BRAYTON, City Clerk,
City of Redding, Shasta County,
an
California
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MAC' S ROAD ASSESSMENT DISTRICT NO. 1978-2
MATURITY SCHEDULE
YEAR OF BOND DENOM- YEARLY COUPON
MATURITY NUMBERS INATION AMOUNT RATE
1979 1 $721. 55 $2 , 721 . 55 7. 400%
2- 3 1000
1980 4- 6 1000 3 , 000 . 00 7. 400€
1981 7- 9 1000 3 , 000. 00 7. 400€
1982 10- 12 1000 3, 000. 00 7 . 400%
1983 13- 15 1000 3 , 000 . 00 7. 400%
1984 16- 19 1000 4 , 000. 00 7. 400%
1985 20- 23 1000 4, 000. 00 7. 400%
1986 24- 27 1000 4 , 000 . 00 7. 400%
1987 28- 31 1000 4 , 000 . 00 7. 400%
1988 32- 36 1000 5, 000. 00 7 . 400%
1989 37- 41 1000 5 , 000. 00 7. 400%
1990 42- 46 1000 5 , 000. 00 7. 400€
1991 47- 52 1000 6, 000 . 00 7. 400%
1992 53- 58 1000 6 , 000. 00 7. 400%
1993 59- 65 1000 7, 000. 00 7. 400%
TOTAL: $64 , 721 . 55
EXHIBIT A