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HomeMy WebLinkAboutReso - CC - 006-1994RESOLUTION NO. 6-94 AUTHORIZING FISCAL SERVICES AGREEMENT RESOLVED, by the CITY COUNCIL of the City of Burlingame, California and this Council does hereby FIND, ORDER and AS FOLLOWS: 1. The City of Burlingame does hereby approve the Fiscal Services Agreement to repay the loan under the Water Conservation Bond Law of 1988 for the construction of three wells in Washington Park and a related distribution system, as more fully set forth in the loan agreement. 2. The City Manager and Treasurer be, and they are hereby, authorized to sign said fiscal services agreement for and on behalf of the City of Burlingame and are designated as the persons to approve payments. 3. The Treasurer shall establish a dedicated and separate fund to repay said loan. Sufficient revenues shall be deposited into the fund to meet the semi-annual principal and interest payments upon said loan as they become due. 4. The City Clerk is hereby ordered and instructed to attest such signature. 1 Mayor I, JUDITH A. MALFATTI, City Clerk of the City of Burlingame, do hereby certify that the foregoing Resolution was introduced at a regular meeting of the City Council held on the 23rd day of FEBRUARY , 1994, and was adopted thereafter by the following vote: AYES: COUNCILMEMBERS: NOES: COUNCILMEMBERS: ABSENT: COUNCILMEMBERS: HARRISON, KNIGHT, O'MAHONY, PAGLIARO, SPINELLI NONE NONE / City Clerk 2