HomeMy WebLinkAboutResolution 99-93 RESOLUTION NO. 99-93
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ATASCADERO, CALIFORNIA, AWARDING SALE OF BONDS
CITY OF ATASCADERO STREET IMPROVEMENT PROJECT NO. 1992
WHEREAS, the City Council (the "Council") of the City of Atascadero, California
(the "City"), has heretofore undertaken proceedings pursuant to the Municipal
Improvement Act of 1913, being Division 12 of the California Streets and Highways Code
(the "Act"); and
WHEREAS,pursuant to Resolution No. 98-93 , "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 1915", adopted by the City Council of the City
on August 3, 1993, the City desires to sell the City of Atascadero, Limited Obligation
Improvement Bonds, City of Atascadero Street Improvement Project No. 1992, in the
aggregate principal amount of not to exceed$910,000.00 (the "Bonds"), to Spelman & 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. 99-93
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 Spelman & 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, Luna, Nimmo and Mayor Kudlac
NOES: None
ABSENT: Councilmember Borgeson
ADOPTED: August 10, 1993
ATTEST: CITY OF ATASCADERO
By '0';'V�cs
—
LEE RABON, �ity Clerk KUDLAC, yor
APPROVED AS TO FORM:
IV.2"I.1h f� 4 qzt.- � —'--o
ARTHER R. M' ONTNDO City Attorney
Resolution No. 99-93
Exhibit A
Page
EXHIBIT nAn
BOND PURCHASE AGREEMENT
(to come)
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