HomeMy WebLinkAboutReso - CC - 028-19830169J - JHHW:LCJ:jla
RESOLUTION NO. 28-83
A RESOLUTION CALLING FOR BIDS FOR CERTIFICATES, APPROVING
OFFICIAL NOTICE OF SALE AND BID FORM, AND AUTHORIZING
AND DIRECTING CERTAIN ACTIONS WITH RESPECT THERETO
04/13/83
RESOLVED, by the City Council of the City of Burlingame, California (the
"City"), that:
WHEREAS, this City has duly approved the form and substance of a Lease
Agreement by and between the City and Rauscher Pierce Refsnes Leasing, Inc.,
dated as of April 18 , 1983 (the "Lease Agreement"), and Certificates of
Participation in the Lease Agreement, evidencing a proportionate right.of the
holders thereof in lease payments to be made by the City under the Lease
Agreement (the "Certificates") by resolution adopted by this City Council on
the date hereof; and
WHEREAS, pursuant to this City Council's authorization, there has been
prepared by the Financial Consultant and the Legal Counsel to the City and
presented to this City Council, a Notice of Sale and an Official Notice of
Sale of Certificates and a Bid Form;
NOW, THEREFORE, IT IS HEREBY DETERMINED AND ORDERED, as follows:
1. The Official Notice of Sale and Bid Form are approved for
distribution in the offering and sale of the above described Certificates.
2. The City Manager is authorized and directed to execute the Official
Notice of Sale and the Notice of Sale on behalf of this City and to call for
bids for the sale of the Certificates.
3. The City Clerk of the City shall cause the Notice of Sale to be
published in newspapers of general circulation circulated in the City of
Burlingame, California by one (1) insertion at least ten (10) days prior to
the day fixed for the receipt of bids.
4. The City Clerk of the City shall cause a notice of intention
regarding the sale of the Certificates to be published in the The Bond Buyer,
a financial newspaper of statewide circulation published in New York, New
York, by one (1) insertion at least fifteen (15) days prior to the day fixed
for the receipt of bids.
5. The City will furnish the legal opinion of Jones Hall Hill & White,
A Professional Law Corporation, San Francisco, California, unqualifiedly
approving the legality of the proceedings and the Lease Agreement and the
validity of the Certificates.
I hereby certify that the foregoing resolution was adopted by the City
Council of the City of Burlingame, at a meeting thereof, held
on April 18 , 1983, by the following vote:
AYES: Council Members: AMSTRUP, BARTON, CROSBY, MANOINI, MARTIN
NOTES: Council Members: NONE
ABSENT: Council Members: NONE
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ity Clerk