HomeMy WebLinkAboutResolution 71-93 RESOLUTION NO. 71-93
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ATASCADERO, CALIFORNIA, AWARDING SALE OF BONDS
CAMINO REAL IMPROVEMENT PROJECT
RESOLVED, by the City Council (the "Council") of the City of Atascadero,
California (the "City"), that
WHEREAS, pursuant to Resolution No. 72-93, "A RESOLUTION OF THE CITY
COUNCIL OF THE CITY OF ATASCADERO DETERMINING UNPAID
ASSESSMENTS, PROVIDING FOR THE ISSUANCE OF BONDS PURSUANT TO
THE "IMPROVEMENT BOND ACT OF 191511, APPROVING A PRELIMINARY
OFFICIAL STATEMENT, APPROVING THE FORM OF PURCHASE AGREEMENT,
AND APPROVING THE FORM OF FISCAL AGENCY PROPOSAL", adopted by the
City Council of the City on June 22, 1993, the City desires to sell the City of Atascadero,
Limited Obligation Improvement Bonds, Camino Real Improvement Project, in the
aggregate principal amount of not to exceed $2,100,000 (the "Bonds"), to M. L. Stern &
Co., Inc., upon the terms and conditions contained in the below-mentioned Bond Purchase
Agreement.
NOW, THEREFORE BE IT RESOLVED, by the City Council of the City of
Atascadero as follows:
SECTION 1. That the Bond Purchase Agreement on file with the City Clerk and
attached hereto as Exhibit "A" and incorporated herein by this reference, is hereby
approved with such additions, changes, or deletions as may be directed by the officer
executing the same,said execution to be considered approval of any such additions, changes,
or deletions.
Resolution No. 71-93
Page Two
SECTION 2. That the Mayor, City Manager,Administrative Services Director, City
Attorney, City Treasurer, or an authorized deputy of either, be and are hereby directed to
execute such Bond Purchase Agreement, together with any additions, changes, or deletions
as said officer directs.
SECTION 3. That the Treasurer of the City be and is hereby directed to have the
Bonds printed forthwith and immediately signed, sealed and delivered to M.L. Stern & Co.,
Inc., in exchange for the purchase price thereof.
On motion by Councilperson Luna and seconded by Councilperson Bewley, the
foregoing Resolution is hereby adopted in its entirety on the following roll call vote:
AYES: Councilmembers Bewley, Borgeson, Luna, Nimmo and Mayor Kudlac
NOES:
ABSENT: None
ADOPTED: June 22, 1993
A ST: CITY OF ATASCADERO
By:
LEE RABO N, City ClerkT UD A ayor
APPROVED AS TO FORM:
ARTHER R. NT ' O , City Attorney