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RESOLUTION NO. 82-16 RESOLUTION OF THE CITY COUNCIL CALLING FOR SEALED BIDS ON BONDS TO BE ISSUED TO REPRESENT UNPAID ASSESSMENTS UPON LANDS IN AN ASSESSMENT DISTRICT. WHEREAS, the CITY COUNCIL of the CITY OF SANTA ANA, CALIFORNIA (hereinafter referred to as "Agency"), in accordance with the terms and provisions of the "Municipal Improvement Act of 1913", being Division 12 of the Streets and Highways Code of the State of California, and pursuant to a Resolution of Intention adopted on the 1st day of February, 1982, has initiated proceedings for the construction of certain public works of improvement in a special assessment district known and designated as ASSESSMENT DISTRICT NO. 245 (hereinafter referred to as the "Assessment District"); and, WHEREAS, said Agency has determined that serial bonds shall be issued to finance the costs and expenses of said improvements and proceedings pursuant to and as set forth in the "Improvement Act of 1911", being Division 7 of the Streets and Highways Code of the State of California. NOW, THEREFORE, IT IS HEREBY RESOLVED AS FOLLOWS: SECTION 1. That the above recitals are all true and correct. SECTION 2. That this Agency does hereby call for sealed bids on bonds proposed to be issued, to be received up to the time specificed in the Notice of Sale, a copy of which is approved and on file in the Office of the Agency. SECTION 3. This Agency hereby selects and specifies as the date of the bonds representing unpaid assessments against private property to be the date as specified for that purpose in said Notice of Sale. SECTION 4. That BOND COUNSEL is hereby directed to mail copies of the Notice of Sale to all persons determined to be prospective purchasers and interested in bidding on the bonds to be issued for these proceedinqs, said bonds to be issued pursuant to the provisions of the "Improvement Act of 1911", being Division 7 of the Streets and Highways Code of the State of California. SECTION 5. That the Bond Prospectus and Notice of Sale for these proceedings, as presented to this Agency, are hereby approved and adopted. A copy of said Notice of Sale shall be mailed to all persons determined to be interested in said purchase. Further, a copy of the Notice of Sale and Bond Prospectus shall be on file in the Office of the Agency and open for public inspection.