CC RES 1989-015RESOLUTION NO. 89 -15
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF RANCHO PALOS VERDES AUTHORIZING THE CITY
TREASURER TO PURCHASE STREET IMPROVEMENTS
BONDS IN CONNECTION WITH THE ROCKINGHORSE
ROAD SEWER ASSESSMENT DISTRICT
THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES
HEREBY FINDS, DETERMINES, RESOLVES AND ORDERS AS FOLLOWS:
Section 1 Definitions. The terms used in this
Resolution shall have the meanings ascribed thereto in the
resolution of the City Council entitled, "A Resolution of the
City Council of the City of Rancho Palos Verdes Authorizing
the Issuance and Providing for the Sale of Bonds Representing
Unpaid Assessments in Connection with the Rockinghorse Road
Sewer Assessment District ".
Section 2. The proposal of the City Treasurer for
the purchase of the Bonds presented to the City Council as
this meeting and now on file in the office of the City Clerk
is hereby approved.
Section 3. The City Treasurer is hereby authorized
to purchase the Bonds upon the issuance thereof in the total
aggregate amount of the unpaid assessments as shown on the
list of Unpaid Assessments at a purchase price equal to their
par value.
PASSED, APPROVED and ADOPTED this 21st day of
February, 1989.
MAYOR
ATT,eKS T : ..
ITY CLERK
Sidalte of California 1
Co my of Los Angeles ) ss
City of Rancho Palos Verdes )
I, JO PURCELL, City Clerk of the City of Rancho Palos
Verdes, hereby certify that the above Resolution No. 89 -15
was duly and regularly passed and adopted by the said City
Council at a regular meeting thereof held on February_ 21,
19890
4
City erk
City f Rancho Palos Verdes.