Laserfiche WebLink
RESOLUTION NO. 85-3 <br />PAGE TWO <br /> <br /> 1. The City Council hereby authorizes the issuance <br />and sale of the Bonds pursuant to the procedures specified in <br />the Law in an aggregate principal amount not to exceed Fifty- <br />Seven Million Four Hundred Thousand Dollars ($57,400,000) <br />for the purpose of providing financing for the acquisition, <br />construction and improvement of the Projects as set forth in <br />Exhibit A. Such authorization shall be for the purpose of <br />inducing the Developers to undertake the Projects and, in <br />particular, to do so at the aforesaid respective locations. <br /> <br /> 2. The issuance and sale of the Bonds shall be upon <br />such terms and conditions as may be mutually agreed upon by the <br />City, the Developers and the purchaser of said Bonds and shall <br />be authorized by resolution of the City Council at a meeting <br />duly held and conducted for such purpose. <br /> <br /> 3. The proceeds of the Bonds shall include such <br />related and necessary issuance expenses, administrative costs, <br />debt service reserves and interest payments as may be required <br />to accomplish successfully the financing. <br /> <br />ADOPTED this <br /> <br />ATTEST: <br /> <br />21st day of January <br /> <br /> Daniel E. Griset <br /> Mayor <br /> <br />, 1985. <br /> <br />COUNCILMEMBERS: <br /> <br />Griset Aye <br />Acosta Absent <br />Hart Aye <br />Johnson Aye <br />Luxembourger Aye <br />McGuigan Aye <br />Young Aye <br /> <br />APPROVED AS TO FORM: <br /> <br />Edwar~ ~ Co~per <br />City Att~-a~y <br /> <br /> <br />