1966/03/23 Rohnert Park Civic Commission Resolution (3)WJML:RFR t 3/23/66 15C
RESOLUTION NO. 13
A RESOLUTION ACCEPTING OFFER TO PURCHASE BONDS
ROHNERT PARK CIVIC COMMISSION
RESOLVED, by the Board of Commissioners of the Rohnert Park
Civic Commission, Sonoma County, California, as follows:
WHEREAS, Robert E. Schweser Company, Prudential Building,
3212 Loma Vista Road, Ventura, California, hereinafter referred to
as "Purchaser ", has submitted an offer to purchase the $100,000
Public Safety Building Revenue Bonds heretofore authorized by Reso-
lution No. 5, adopted by this Board on March 7, 1966, Notice of
Sale for which has been given pursuant to Resolution No. 6 of this
Board, adopted on March 7, 1966, calling for bids on the sale of
bonds, no bids having been received in response thereto;
NOW, THEREFORE, IT IS ORDERED, as follows:
1. The offer of Purchaser to purchase the $100,060 Public
Safety Building Revenue Bonds of 1966 be accepted and that said
bonds be, and they are hereby, ordered sold to Purchaser, said sale
to be subject to all the terms and conditions of the Notice of Sale
and said offer therefor, except as herein set forth.
2. The purchase price of the bonds is par and a premium
of $20.00 and accrued interest from their date to the date of their
delivery, at the rates set forth in the interest coupons herein
described.
3. The bonds shall be dated May 1, 1966.
4. The bonds shall have attached at the time of their
issuance, A coupons representing interest at the rates as follows:
4 -3/4% per annum on bonds maturing July 1, 1967
through July 1, 1976, both inclusive; and
5/ per annum on bonds maturing July 1, 1977 through
July 1, 1986, both inclusive;
5. The bonds shall be accompanied by B coupons detached
at the time of their issuance, representing interest at the rate of
1% per annum on all the bonds from their date to
July 1, 1973.
6. The redemption premium shall be equal to 1/4 of 1/ of
the principal amount of the bonds called for each whole six (6)
months period, and for any remaining fraction of a six (6) months
period from the date fixed for redemption to the maturity date of
the bonds.
7. The payments into the Bond Fund required by Section 30
of Resolution No. 5 shall be made on May 1, 1966 for the period to
July 1, 1966 and thereafter, 6 months in advance on January 1 and
July 1 of each year.
8. Delivery of the bonds and the receipt of the purchase
price therefor shall occur on May 2, 1966, at a mutually agreeable
place.
9. That Resolution No. 5, providing for the issuance of
the bonds, be amended to conform hereto.
10. That the Secretary be, and he is hereby, directed to
have said bonds printed forthwith, and that the same be immediately
signed, sealed and delivered to Purchaser on receipt of the pur-
chase price therefor and upon the performance of the conditions
contained in said offer.
* * * * * *
1 hereby certify that the foregoing is a full, true and cor-
rect copy of a resolution duly passed and adopted by the Board of
Commissioners of the Rohnert Park Civic Commission, Sonoma County,
California, at an adjourned regular meeting thereof held on the 23rd
day of March, 1966, by the following vote of the members thereof:
AYES, and in favor thereof, Commissioners:
C. Smith, V. Smith, Rogers, Buchanan and Pezonella
NOES, Commissioners: None
ABSENT, Commissioners: None
2
Secretary