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RESOLUTION NO. 81-123 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA CALLING FOR SEALED BIDS ON BONDS TO BE ISSUED TO REPRESENT UNPAID ASSESSMENTS UPON LANDS IN ASSESSMENT DISTRICT NO. 246 WHEREAS, pursuant to Resolution No. 81-119 adopted July 20, 1981, and proceedings taken pursuant thereto under and in accordance with the Municipal Improvement Act of 1913, Division 12 of the Streets and Highways Code of the state of California, this City Council fixed and established the boundaries of Assessment District No. 246; and WHEREAS, the proceedings pursuant to said Municipal Improvement Act of 1913 are being taken for the purpose of acquiring and constructing certain public facilities in the district; and WHEREAS, an assessment of the proposed cost and expense of said improvements was duly made and filed, and a hearing will be held thereon on August 27, 1981; and WHEREAS, it is necessary and desirable that this City Council sell bonds to be issued to represent each unpaid assessment; and WHEREAS, this City Council determined that pursuant to Chapter 7 of said Municipal Improvement Act of 1913, that said bonds would be issued pursuant to the Improvement Bond Act of 1915, Division 10 of said Streets and Highways Code; NOW, THERFORE, THE CITY COUNCIL OF THE CITY OF SANTA ANA, DOES HEREBY RESOLVE AND ORDER AS FOLLOWS: 1. That this City Council does hereby call for sealed bids on the bonds proposed to be issued, to be received up to the time specified in the notice set forth below. 2. That this City Council hereby selects and specifies as the date of the bond the date specified for that purpose in the notice set forth below. 3. That the City Clerk of the City of Santa Ana shall cause a notice inviting such bids to be given by two publications in The Register, the first publication to be at least ten (10) days before the bids are to be opened. 4. That the City hereby covenants and agrees with the holders of the bonds herein, that the bonds shall be enforceable and contain the terms and conditions set forth in the notice of sale as follows: