HomeMy WebLinkAbout1209 2887A-117a • WMAM:PDA:HEK:se., 6/11/79 . 10c
RESOLUTION NO. 1209
A RESOLUTION OF THE CITY,.COUNCIL OF THE CITY OF THE TOWN OF
LOS ALTOS HILLS AUTHORIZING PURCHASE ,OF BONDS
SEWER ASSESSMENT DISTRICT NO. 9
RESOLVED, by the City Council 'of the City of the Town of Los
Altos Hills, California,. that
WHEREAS, this Council hasprovided for the issuance. of bonds
to represent the 'unpaid assessments in proceedings conducted under
and pursuant to its Resolution of Intention No. 632, adopted June.
21, 197,:1;
u WHEREAS, in the opinion of this Council, the best interests
of the assessment district will be served by this Council not
soliciting offers for the purchase of the bonds;
NOW, THEREFORE, THIS COUNCIL: HEREBY DETERMINES AND ORDERS, as
follows
1. That said bonds ,in the''amount of $113 ,7-6s.00 be, and they
are 'hereby, ordered. purchased by the City of the Town of Los Altos
Hills fpr the par ' value thereof, said bonds to bear interest at the
rate of 7% per annum.
2. That the City Treasurer is hereby directed to cause said
bonds to be prepared and executed in accordance with said
proceedings, and the purchase price thereof to be transferred to the,'
construction fund '.for the project, and 'that said bonds be retained
by the City Treasurer for the account of the City.
3'. That the City Clerk shall forward a certified copy :of
this resolution to the City. Treasurer.
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Passed and adopted this 20th day of June.., , 1979.
ATTEST: - APPROVED:
CITY COUNCIL
City-Clerk J —_ r Mayor Pr Tern
I HEREBY CERTIFY that the foregoing is a full, true and
correct copy of a- Resolution duly passed and adopted at a meeting of
the City Council of the City of the Town of Los Altos Hills held on ,
the 20th , day of June , 1979
_ -
City Clerk