1968/05/29 City Council ResolutionRESOLUTION i\To. 68-.5.?,_
A RESOI:JTION ACCEPTING OFFER TO BUY BONDS
CITY OF RO-IMURT PARK
RESOLVED, by the city Council of the City of Rohnert Park,
County of Sonoma, California, that
WHEREAS, by a Lease Agreement With Option to Purchase, dated
November 30, 1965, the Rohnert Park industrial Development Co.
agreed to sell to the City of Rohnert Park, and said City, agreed
to buy, that certain real property described in said Agreement
for a purchase price set forth in paragraph 9 of said Agreement
in the total amount of $115,3195.02;
WHEREAS, Paul Golfs and Gloria Golfs are successors in in-
terest of Rohnert Park Industrial Development Co.;
WHEREAS, this Council is conducting proceedings pursuant to
Chapter 5 of Part 3 of Division 5 of the Health and Safety Code,
commencing with Section 4950 (commonly known as the Sewer Revenue
Bond Act of 1933), for the issuance of $200,000 principal amount
O.-IL' sewer revenue bonds for the financing of improvements to the
C>
City's sewer treatment facilities;
WHEREAS, this Council adopted on May 29, 1968, ordinance
No. 103 An Ordinance Providing for the issuance of Sewer Revenue
Bonds, Fixing the Form of Bonds and Providing Covenants for Their
Protection, Sewer Revenue Bonds of 1968, First Division; and
WHEREAS, said Paul Golfs and Gloria Golfs have offered and
agreed to accept Bonds numbered 1 to 115, inclusive, of said
First Division in the total principal amo unt of ,115,000, ,000, and
the sun of $3917.02 in cash, as full payment of said 1115,395 .02
purchase price of said real property, the terms and conditions
thereof being set forth in a written offer therefor dated May
23, 1968.
NOW, THEREFORE, IT IS DETERMINED and ORDERED, as follows:
1® The offer and agreement of Paul Golis and Gloria Golis
to accept Bonds numbered 1 to 115, inclusive, of said First
Division, in the total principal amount of $115,000 and the
sum of $395.02 in cash, as -full payment of said $1155,330.5.02
purchase price of said real property, is hereby accepted and
said Bonds are hereby awarded to said Paul Golis and Gloria
Golis on the terms and conditions set forth in said written
of'f'er
2. The Clerk of said City be, and she is hereby, directed
to have said Bonds prepared forthwith, and the same immediately
signed, sealed and delivered to said Paul Golis and Gloria Golis
upon the performance of the terms and conditions contained in
said written offer.
3® That the interest rate of said Bonds be, and the same
is hereby, fixed at the rate stated in said written offer.
4® The Mayor is hereby authorized and directed to execute,
and the City Clerk to attest, said written offer®
2
I hereby certify that the foregoing resolution was passed
and adopted by the City Council of the City of Rohnert Park,
California,
at
a regularly
held meeting
thereof held on the
29th day
of
May
1968, by
the following vote:
AYES, and in favor thereof, Councilmen: (4) Hopkins, Rogers
Smith & Mayor Roberts
NOES, Councilmen: (0) None
ABSENT, Councilmen: (1) Councilman Buchanan
Z'
Deputy ity Clerk
APPROVED:
i
Mayor