HomeMy WebLinkAbout4319_CCv0001.pdf RESOLUTION NO. 4319
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS
PROVIDING FOR THE ISSUANCE OF
1988 GENERAL OBLIGATION BONDS
IN THE AMOUNT OF
WHEREAS, the City Council ( the "City Council" ) of
the City of Redlands ( the "City" ) has conducted all required
proceedings pursuant to Article 1 of Chapter 4 of Division 4
of the Government Code of the State of California (commenc-
ing with Section 43600 thereof) ( the "Law" ) for the incur-
ring of a bonded indebtedness for the acquisition of certain
municipal improvements; and
WHEREAS, pursuant to the Law, at the previously
approved and scheduled General Municipal Election called to
be held in the City on November 3, 1987 , there was submitted
to the qualified voters of the City the following proposi-
tion with respect to the incurring of a bonded indebtedness
and the issuance of bonds therefor :
PROPOSITION NO. 1: Shall the City of Redlands
incur of general obligation bonded indebtedness in
the principal sum of not to exceed $7 ,620, 000 for
the acquisition of park , recreation and open space
land?
and
WHEREAS, more than two-thirds of the votes cast in
said election were cast in favor of incurring said bonded
indebtedness and issuing said bonds, and the City is now
authorized to issue bonds in the amount hereinafter speci-
fied and for the purposes set forth in said proposition; and
WHEREAS, the City Council has determined that it is
necessary and desirable that bonds be issued in the amount
hereinafter specified;
NOW, THEREFORE, BE IT RESOLVED, DETERMINED AND
ORDERED BY THE CITY COUNCIL OF THE CITY OF REDLANDS AS
FOLLOWS:
Section 35 . General Authorization. The President
and Secretary of the City Council and the Treasurer of the
City are hereby each respectively authorized to do and
perform from time to time any and all acts and things
consistent with this Resolution necessary or appropriate to
carry the same into effect .
Section 36 . Effective Date. This Resolution shall
take effect upon adoption.
Adopted this 15th day of December , 1987 .
Mayor of the City of Redlands
ATTEST:
ty Clerk ofh '
City of Reci ands
I , Lorrie Poyzer, City Clerk of the City of Redlands, California,
do hereby certify that the foregoing resolution was adopted by
the City Council at a regular meeting thereof held on the 15th
day of December, 1987, by the following vote:
AYES: Councilmembers Wormser, Johnson, Cunningham;
Mayor Beswick
NOES: None
ABSENT: Councilmember DeMirjyn
Ct Clerk
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