Resolution 12031RESOLUTION NO. 12031
A RESOLUTION OF INTENTION TO INCUR BONDED INDEBTEDNESS
CITY OF ALAMEDA
Community Facilities Pisjj'i N4. 2
(Paragon Gateway)
RESOLVED by the City Council of the City of Alameda (the "City ") that:
WHEREAS, this City Council has this date adopted its Resolution entitled "A Resolution
of Intention to Establish a Community Facilities District and To Authorize the Levy of Special
Taxes ", stating its intention to form a community facilities district pursuant to Chapter 16 of Title
III of the Alameda Municipal Code (the "Code "), for the purpose of financing the acquisition
and/or construction of certain public improvements (the "Facilities "), as further provided in said
Resolution; and
WHEREAS, this City Council estimates the amount required for the financing of the
acquisition and/or construction of the Facilities to be the sum of $2,100,000; and
WHEREAS , in order to finance said Facilities it is necessary to incur bonded
indebtedness in the amount of $2,100,000.
NOW, THEREFORE, IT IS HEREBY ORDERED as follows:
1. It is necessary to incur bonded indebtedness within the boundaries of the proposed
Community Facilities District No. 2 (Paragon Gateway) (the "CFD") in the amount of $2,1 00,000
to finance the costs of the Facilities.
2. The bonded indebtedness is proposed to be incurred for the purpose of financing the
costs of the Facilities, including acquisition and improvement costs and all costs incidental to or
connected with the accomplishment of said purposes and of the financing thereof, as permitted by
the Code.
3. This City Council, acting as legislative body for the District, intends to authorize the
issuance and sale of bonds in the maximum aggregate principal amount of not to exceed
$2,1 00,000, bearing interest payable semi- annually or in such other manner as this City Council
shall determine, at a rate not to exceed the maximum rate of interest as may be authorized by
applicable law at the time of sale of such bonds, and maturing not to exceed 40 years from the date
of the issuance of said bonds.
4. Wednesday, November 7, 1990, at 7:30 p.m., in the regular meeting place of this City
Council, Council Chambers, City Hall, 2263 Santa Clara Avenue, Alameda, California, be, and
the same are hereby appointed and fixed as the time and place when and where this City Council,
as legislative body for the District, will conduct a public hearing on the proposed debt issue and
consider and finally determine whether the public interest, convenience and necessity require the
issuance of bonds of the City for the District.
5 . The City Clerk is hereby directed to cause notice of said public hearing to be given by
publication one time in a newspaper of general circulation circulated within the District. The
publication of said notice shall be completed at least seven (7) days before the date herein set for
said public hearing. Said notice shall substantially in the form of Exhibit A hereto.
NOTICE OF PUBLIC HEARING
CITY OF ALAMEDA
Community Facilitjes District No. 2
(Paragon Gateway)
Notice is hereby given that on November 7, 1990, the City Council of the City of Alameda
adopted a Resolution entitled "A Resolution of Intention To Incur Bonded Indebtedness
Community Facilities District No. 2 (Paragon Gateway) ". Pursuant to Chapter 16 of Title III of
the Alameda Municipal Code the City Council hereby gives notice as follows:
A. The text of said Resolution is as follows:
'text to be inserted here]
B . The hearing referred to in the aforesaid Resolution shall be at the time and place
specified in said Resolution.
C. At that time and place any person interested, including persons owning property in the
area of the proposed community facilities district, will be heard upon the proposed debt issue.
Dated as of November 7, 1990
City Clerk
City of Alameda
EXHIBIT A
Page 1
the undersigned, hereby certify that .the foregoing
Resolution was duly and regularly adopted and passed by
the Council of the City of Alameda in adjourned regular
meeting assembled on the 7th of November, 1990
by the following vote to wit:
AYES: Councilrnembers Arnerich, Camicia, Thomas, Withrow
and President Corica 5,
NOES: None.
ABSENT: None,
IN WITNESS WHEREOF, 1 have hereunto set my hand and
affixed the official seal of said City this 8th day of
November, 1990.
Diane F lsch, City Clerk
City of Alameda