HomeMy WebLinkAboutCC RES 87-024.. �
RESOLUTION N0. g7_24
RESO�_UTION OF THE CITY COUNCI� QF THE
CITY OF PA�_M DESERT, CALIFORNIA, MAKING
APPOINTMENTS IN A SPECIA� REFUNDING DISTRICT
WHEREAS, the CITY COUNCII of the CITY OF PALM DESERT, CAIIFORNIA, has previously
undertaken proceedings and confirmed assessments in a special assessment district,
pursuant to the terms and provisions of the "Municipal Improv�nent Act of 1913",
being Division 12 of the Streets and Highways Code of the State of Calif ornia, said
special assessment district known and designated as NORTH SPHERE ASSESSMENT DISTRICT
N0. 84-1 (hereinafter referred to as the "Assessment District"); and,
WHEREAS, at this time, this legislative body is desirous of initiating proceedings
to refund all outstanding improvement bonds pursuant to the "Refunding Act of 1984
for 1915 Improvement Act Bonds", being Division 11.5 of the Streets and Highways
Code of the State of California, said refunding bonds and district to be designated
as NORTH SPHERE ASSESSMENT DISTRICT N0. 84-1-R (REFUNDING) (hereinafter referred to
as the "Refunding District"; and,
WHEREAS, this legislative body now desires to make the required appointments and
designate persons to perform certain duties, in order to allow the proceedings to go
forward to completion in accordance with the provisions of law.
NOW, THEREFORE, IT IS HEREBY RESOLVED AS F0�_I.QWS:
SECTION 1. That the above recitals are all true and correct.
SECTION 2. That the place for recordation of the reassessment roll and diagra�n
shall be in the Office of the Superintendent of Streets, and said
reassessment roll and diagram, upon recordation, shall be kept as a
permanent record.
SECTION 3. That the DESERT POST is hereby designated as the newspaper for all publi-
cations as required by law and as necessary for completion of this
Refunding District.
SECTION 4. That KICAK & ASSOCIATES is hereby appointed the Engineer of Work for
said proceedings, and said Engineer of Work shall perform all of the
duties and responsibilities as set forth by law as they relate to said
Refunding District.
SECTION 5. That BROWN & DIVEN, Attorneys at �_aw, is hereby appointed to act as Bond
Counsel for the purposes of preparing proceedings and issuing an approv-
ing opinion attesting to the validity of the proceedings and the enforce-
ability of the refunding bonds, pursuant to the terms and conditions of
a Special Counsel Agreement submitted herewith, which Agreement is
hereby accepted and approved by execution by the Mayor and City Clerk.
SECTION 6.' That Mit_LER & SCHROEDFR FINANCIAI,,INC. is hereby appointed as the Under-
writer and is requested to submit a purchase agreement or proposal for
the sale of said refunding bonds to be issued and said refunding bonds
are to be issued pursuant to the terms and provisions of the "Refunding
Act of 1984 for 1915 Improvement Act Bonds", being Division 11.5 of the
Streets and Highways Code of the State of California.
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PASSEO, APPRQVED and ADOPTED by the City Council of tlie City of Palrn Desert,
California, on this 23rd day of Anri7 , 1987, by the following vote:
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AYES: BENSON, CRITES, SNXDER, WILSON, KELLY
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
CITY OF PALM DESERT
STATE OF CA�IFORNIA
CITY OF PALM DESERT
STATE OF CALIFORNIA
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