HomeMy WebLinkAbout4318_CCv0001.pdf RESOLUTION NO, 4313
RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF REDLANDS AUTHORIZING AND DIRECTING THE
NOTICE OF SALE OF NOT TO EXCEED $7, 620, 000
PRINCIPAL AMOUNT GENERAL OBLIGATION BONDS
(PARK LAND AND OPEN SPACE PROJECT) , APPROV-
ING AN OFFICIAL NOTICE OF SALE, APPROVING
THE PREPARATION AND DISTRIBUTION OF A PRE-
LIMINARY OFFICIAL STATEMENT, AUTHORIZING
THE SALE OF THE BONDS ON CERTAIN TERMS AND
CONDITIONS, APPOINTING BOND COUNSEL AND A
FINANCIAL CONSULTANT, AUTHORIZING CERTAIN
OTHER OFFICIAL ACTIONS AND PROVIDING FOR
OTHER MATTERS PROPERLY RELATING THERETO
WHEREAS, the City Council of the City of Redlands,
California ( the "City" ) intends to authorize by a separate
resolution the issuance by the City of its General Obliga-
tion Bonds (Park Land and Open Space Project) in the princi-
pal amount of not to exceed $7, 620, 000 ( the "Bonds" ) , and it
is desirable that the Bonds be offered for public sale at
this time; and
WHEREAS, proceeds of the Bonds will be used to
acquire certain park and recreation lands and open space
lands within and for the benefit of the City and its
inhabitants, and
WHEREAS, this City Council desires to authorize the
sale of the Bonds upon the terms and conditions hereinafter
set forth;
NOW, THEREFORE, the City Council of the City of
Redlands does hereby resolve and declare as follows:
SECTION 12 . Effective Date. This Resolution shall
take effect upon adoption.
ADOPTED AND APPROVED this 15th day of December
1987.
AV-,
Mayor of the City of Redlands
ATTEST:
City" C*erk f/
( SEAL)
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
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