Resolution 10953CITY OF ALAMEDA
RESOLUTION NO. 10953
A RESOLUTION AWARDING SALE OF BONDS
MARINA VILLAGE ASSESSMENT DISTRICT NO. 84 -3
(Reassessment and Refunding for 1986)
RESOLVED, by the City Council of the City of Alameda, County of Alameda,
California, that
1. This City Council has received a written offer from Stone &
Youngberg, acting on behalf of themselves to purchase bonds in the principal
amount of $26,325,000 to be issued to represent unpaid reassessments levied in
proceedings had pursuant to Resolution of Intention No. 10919, adopted by this
City Council on June 3, 1986.
2. The public interest and convenience will be served by the acceptance
of said offer.
3. Said bonds be, and they are hereby, ordered sold to Stone &
Youngberg, said sale to be subject to all of the terms and conditions set
forth in said written offer.
4. The Finance Director of said City be, and is hereby, directed to
have the bonds printed and the same to be authenticated and delivered on
receipt of the amount to be paid therefor as stated in said offer, and upon
the performance of the conditions contained in said offer.
5. The interest rates of said bonds shall be, and the same are hereby,
fixed at the rates stated in said offer.
* * * * * * * * * * * *
I, the undersigned, hereby certify that the foregoing Resolution was
duly and regularly adopted and passed by the council of the City of Alameda in
regular meeting assembled on the 1st day of July , 19 86, by the
following vote to wit:
AYES: Councilmembers Corica, Lucas, Monsef and President Diament - 4.
NOES: None.
ABSENT: Councilmember Hanna - 1.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official
seal of said City this 2nd day of July , 1986 •
APPROVED AS TO FORM:
- C t'y"Attlorney
4le thCity C of
the City of Alameda