HomeMy WebLinkAboutReso 2003-037 - Electric System RevenueRESOLUTION NO. 2003- ~ '7
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
REDDING APPROVING THE REVISED OFFICIAL
STATEMENT TO THE CONVERSION OF THE CITY OF
REDDING ELECTRIC SYSTEM REVENUE CERTIFICATES
OF PARTICIPATION, 2002 SERIES C-2.
WHEREAS:
A. The City Council, by Resolution No. 2002-54, approved the Official Statemem for the
initial issuance of the City of Redding Electric System Revenue Certificates of Participation, 2002
Series C-2.
B. There now is the opportunity to convert the 2002 Series C-2 Certificates from taxable
to tax-exempt debt.
C. A revised Official Statement, approved by the City Council of the City of Redding, is
a condition for conversion.
THEREFORE, IT IS RESOLVED that the City Council of the City of Redding hereby
approves the revised Official Statement, on file with the City Clerk.
I HEREBY CERTIFY the foregoing resolution was introduced, read and adopted at a
regular meeting of the City Council on the 18th day of March, 2003, by the following vote
AYES: COUNCIL MEMBERS: Kight,
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
Attest: . ' ~ ~ .
Conttie~ St, r~hmayer, C~l~ Cler~
Mathena, Pohlmeyer, Stegall and Cibula
MARK/~Q~IIB~A' ~r
Form Approved:
Brad L. Fuller, City Attorney