1989 RES R-161-89 - Laserfiche WebLink

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1 2 3 4 5 6 7 P ti 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 body a preliminary Official Statement with respect to the bonds, and it has been recommended to the City Council that such preli- minary Official Statement be approved and that the preparation and distribution of a final Official Statement be authorized. NOW, THEREFORE, IT IS HEREBY RESOLVED AS FOLLOWS: SECTION 1. That the above recitals are true and correct. SECTION 2. That this legislative body does authorize the issuance of bonds pursuant to the terms and provisions of the "Mello -Roos Community Facilities Act of 1982", being Chapter 2.5, Part 1, Division 2, Title 5 of the Government Code of the State of California, and does expressly approve the BOND INDENTURE substantially in the form presented herein, subject to modifications as necessary and as approved by the City Manager, with the concurrence of Bond Counsel. A copy of said BOND INDENTURE shall be kept on file with the transcript of these proceedings and open for public inspection. SECTION 3. Final approval of the BOND INDENTURE shall be conclusively evidenced by the signature of the City Manager upon final delivery of bonds and receipt of proceeds. Said bonds shall be issued and subject to the terms and conditions in said approved Bond Indenture. SECTION 4. That the preliminary Official Statement relat- ing to the bonds, as prepared by M. F. Whipple & Co., Inc. as Financing Consultant to the City and presented at this meeting, is hereby approved and adopted, and the Mayor or the City Manager is hereby authorized and directed for and in the name of and on behalf of the District, to execute the preliminary