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RESOLUTION NO. 47-93
AUTHORIZING ACCEPTANCE OF LOAN
UNDER WATER CONSERVATION BOND LAW OF 1988
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 accept 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 hereinafter referred to loan
agreement.
2. The Director of Public Works be, and he is hereby,
authorized to sign said loan agreement for and on behalf of the
City of Burlingame and is designated as the person to approve
partial payment estimates.
3. The water system revenues of the city is dedicated
as the source of revenue to repay said loan. Sufficient revenues
shall be deposited into the Water Enterprise Fund to meet the
semiannual principal and interest payments upon said loan as they
become due.
4. The City Clerk is hereby ordered and instructed to
attest such signature.
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
19th day of July , 1993, and was adopted thereafter
by the following vote:
AYES: COUNCILMEMBERS
NOES: COUNCILMEMBERS
ABSENT: COUNCILMEMBERS
HARRISON, KNIGHT, LEMBI, 0-MAHONY, PAGLIARO
NONE
NONE
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CITY CLERK