2000 RES R-95-00 - Laserfiche WebLink

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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 ]S 191 20 21 22 23 24 25 26 27 28 j I Section 9525 of the Refunding Act were and have been duly satisfied, and that the City is authorized to act upon said report without notice and hearing as otherwise required by the Refunding Act; and WHEREAS, said report was thereafter adopted, approved and confirmed by the City Council, and the reassessments, not to exceed the amounts as contained therein, were I thereby confirmed and levied by the City Council; and WHEREAS in furtherance of implementing the refinancing, there has been filed with the City Clerk for consideration and approval by the City Council a form of the Fiscal Agent Agreement under the terms of which the City of Colton, Limited Obligation Refunding Bonds, Reassessment District No. 00-1 (Rancho Mediterrania Project) (the "Refunding Bonds"), are to be issued; and WT -AREAS, the City has determined to sell the Bonds to Wedbush Morgan Securities (the "Underwriter") pursuant to a Purchase Contract ("Purchase Contract"), said form is on file with the City Clerk and presented to this meeting; and WHEREAS, in connection with implementation of the issuance and sale of the Refunding Bonds, there has been filed with the City Clerk for consideration and approval by this City Council a form of official statement (the "Official Statement"), describing the proposed issuance and sale of the Refunding Bonds; and WHEREAS, in furtherance of implementing the refinancing, there has been filed with the City Clerk for consideration and approval by the City Council a form of the Escrow Agreement under the terms of which the Prior Bonds are to be redeemed; and WHEREAS, in order to facilitate the sale of the Refunding Bonds, the City will provide the Underwriter with a continuing disclosure agreement (the "Continuing Disclosure Agreement"), the form of which is now on file with the City Clerk; and 3