CC RES 1988-055RESOLUTION N0, 88 -55
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF RANCHO PALOS VERDES AMENDING ITS RESOLUTION
N0. 88 -3 WHICH DECLARED THE INTENTION OF THE
CITY COUNCIL TO ORDER IMPROVEMENTS FOR
PROPOSED ROCKINGHORSE ROAD SEWER ASSESSMENT
DISTRICT
IDPnTmAr e
A. On January 14, 1988, the City Council of the City
of Rancho Palos Verdes adopted its Resolution No. 88 -3, entitled,
"A Resolution of the City Council of the City of Rancho Palos
Verdes Declaring Its Intention to Order Improvements for Proposed
Rockinghorse Road Sewer Assessment District Pursuant to the
Municipal Improvement Act of 1913."
B. The City Council desires to amend its Resolution
No. 88 -3.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO
PALOS VERDES HEREBY FINDS, DETERMINES, RESOLVES AND ORDERS AS
FOLLOWS:
Section 1. Resolution No. 88 -3 is hereby amended by
deleting Section 11 thereof.
Section 2. Resolution No. 88 -3 is hereby amended by
adding Section 18 thereto to read as follows:
"Section 18. Pursuant to California Streets and
Highways Code Section 6464, the City Council hereby elects
to have the redemption provision of the bonds provide for
the payment of a premium of 5 percent of unmatured prin-
cipal.
PASSED, APPROVED AND ADOPTED this 6th day of September,
May r
Attest:
TY CLERK
State of California )
County 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. 88 -55 was
duly and regularly passed and adopted by the said City Council at
a regular meeting thereof held on September 6, 19880
Cit Clerk
Ci v of Rancho Palos Verdes