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3. This City Council, acting as legislative body for the District, intends to <br />authorize the issuance and sale of bonds in the maximum aggregate principal <br />amount of not to exceed $50,000,000, bearing interest payable semi-annually or in <br />such other manner as this City Council shall determine, at a r~te not to exceed the <br />maximum rate of interest as may be authorized by applicable law at the time of <br />sale of such bonds, and maturing not to exceed 40 years from the date of the <br />issuance of said bonds. <br /> <br /> 4. Monday, April 1, 1991, at 7:30p.m., in the regular meeting place of this <br />City Council, in the City Council Chambers at 20 Civic Center Plaza, Santa Aha, <br />California, be, and the same are hereby appointed and fixed as the time and place <br />when and where this City Council, as legislative body for the District, will conduct <br />a public hearing on the proposed debt issue and consider and finally determine <br />whether the public interest, convenience and necessity require the issuance of <br />bonds of the City for the District. <br /> <br /> 5. The City Clerk is hereby directed to cause notice of said public hearing to <br />be given by publication one time in a newspaper of general circulation circulated <br />within the District. The publication of said notice' shall be completed at least seven <br />(7) days before the date herein set for said public hearing. Said notice shall <br />substantially in the form of Exhibit A hereto. <br /> <br /> B. The hearing referred to in the aforesaid Resolution shall be at the time and <br />place specified in said Resolution. <br /> <br /> C. At that time and place any person interested, including persons owning <br />property in the area of the proposed community facilities district, will be heard upon the <br />proposed debt issue. <br /> <br />Dated: March _, 1991 <br /> <br /> City Clerk, <br />City of Santa Aha <br /> <br />A~2 <br /> <br /> <br />