RES-7856 Authorizing Issuance of Bonds in Special Assessment District No. 91-1RESOLUTION NO. 7856
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ORANGE AUTHORIZING ISSUANCE OF BONDS IN A
SPECIAL ASSESSMENT.DISTRICT
WHEREAS, the CITY COUNCIL of the CITY OF ORANGE, CALIFORNIA, is
conducting proceedings for the installation of certain public improve-
ments in a special assessment district pursuant to the terms and provi-
sions of the "Municipal Improvement Act of 1913", being Division 12 of
the Streets and Highways Code of the state of California, said special
assessment district known and designated as ASSESSMENT DISTRICT NO. 91-
1 CUMBERLAND ROAD) (hereinafter referred to as the "Assessment
District");
and,WHEREAS, this legislative body has previously declared in its
Resolu-tion of Intention to issue bonds to finance said improvements, said
bonds to issue pursuant to the terms and provisions of the "Improvement
Bond Act of 1915", being Division 10 of said Code;
and,WHEREAS, at this time this legislative body is desirous to set
forth all formal terms and conditions relating to the authorization,
issuance and administration of said bonds;
and,WHEREAS, this legislative body hereby further determines that
the unpaid assessments shall be specifically in the amount as shown and
set forth in the Certificate of Paid and Unpaid Assessments as certified
by and to be on file with the Treasurer, and for particulars as to
the amount of said unpaid as.essments, said Certificate and list
shall control and
govern.NOW, THEREFORE, BE IT RESOLVED by the City council of the City
of Orange as
follows.
RECITALS Section
I.That the above recitals are true and
correct.BOND
AUTHORIZATION Section
II.That this legislative body does authorize the issuance of
bonds pursuant to the terms and provisions of the "ImprOvement Bond Act
of 1915", being Division 10 of the Streets and Highways Code of the state
of California, and also pusuant to the specific terms and conditions as
set forth in the BOND INDENTURE presented
FINAL ASSESSMENTS
Section III:
That the Certificate of Paid and Unpaid Assessments, as certified by
the Treasurer, shall remain on file in that office and be open for public
inspection for all particulars as it relates to the amount of unpaid
assessments to secure bonds for this Assessment District.
ADOPTED this 9th day of 1991.
ATTEST:
Mr a(2,;~~
C ty Clerk the ~y &" Orange
I hereby certify that the foregoing Resolution was duly and
regularly adopted by the City Council of the City of Orange at a regular
meeting thereof held on the 9th day of Jul.y , 1991, by
the following vote:
AYES:COUNCILMEMBERS:BARRERA, MAYOR BEYER, COONTZ, SPURGEON
NOES:COUNCILMEMBERS:NONE
ABSENT:COUNCILMAN:STEINER
of Orange
RESO No. 7856 2-