2000 RES R-95-00 - Laserfiche WebLink

Browse Search

1 2 3 4 5 6 7 S 9 10 11 12 13 14' 15 16 17 18 19 20 21 22 23 24 25 26 27 28 RESOLUTION NO. R-95-00 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLTON AUTHORIZING THE ISSUANCE OF CITY OF COLTON, LMTED OBLIGATION REFUNDING BONDS, REASSESSMENT DISTRICT NO. 00-1 (RANCHO MEDITERRANIA PROJECT), APPROVING A PURCHASE CONTRACT AND AN OFFICIAL STATEMENT; AUTHORIZING THE EXECUTION OF SAID BONDS; APPROVING A FISCAL AGENT AGREEMENT; APPROVING AN ESCROW AGREEMENT; APPROVING A CONTINUING DISCLOSURE AGREEMENT; AND AUTHORIZING RELATED ACTIONS AND THE EXECUTION OF RELATED DOCUMENTS WITH RESPECT TO THE ISSUANCE AND SALE OF THE REFUNDING BONDS WHEREAS, the City Council of the City of Colton (the "City"), has previously I I provided for the issuance of its Limited Obligation Improvement Bonds, Assessment District No. 94-1 (Rancho Mediterrania Public Improvements Project) (the "Prior Bonds"), under and pursuant to the provisions of the Municipal Improvement Act of 1913 (Division 12 of the California Streets and Highways Code) (the "Act") and the Improvement Bond Act of 1915 (Section 8500 et seq. of the California Streets and Highways Code) (the "Bond Law"), the unmatured portions of which are now outstanding; and WHEREAS, this City Council has determined to issue refunding bonds (the "Refunding Bonds") pursuant to the conditions and terms of the Refunding Bond Act of 1984 for 1915 Improvement Act Bonds, (being Division 11.5 of the California Streets and Highways Code) (the "Refunding Act") for the purpose of refunding the unmatured portion of the Prior Bonds, and to provide for the levy and collection of reassessments as security for the Refunding Bonds; and WHEREAS, the City Council referred the matter of the refunding of the Prior Bonds and the levy and collection of reassessments as security for the Refunding Bonds to NBS Government Finance Group (the "Reassessment Engineer"), as the engineer in these