1991/02/26 City Council Resolution (12)RESOLUTION NO. 91- 35
RESOLUTION OF THE COUNCIL OF THE CITY OF ROHNERT PARK
APPROVING AN UNDERWRITING AGREEMENT
WITH THE FIRM OF STONE & YOUNGBERG
(MILLBRAE AVENUE ASSESSMENT DISTRICT, PROJECT 1988 -1)
WHEREAS, the City is desirous of constructing public
improvements in the Millbrae Avenue Assessment District, Project
1988 -01; and
WHEREAS, the City proposes to sell 1915 Act Assessment Bonds
to finance the construction of said public improvements; and
WHEREAS, staff has determined that the City's interests are
best served by directly negotiating with an underwriter to sell
said 1915 Act Assessment Bonds; and
WHEREAS, the attached agreement entitled "Underwriting
Agreement" dated February 22, 1991 as submitted by Stone &
Youngberg is favorable for the City.
NOW, THEREFORE, BE IT RESOLVED, by the Council of the City of
Rohnert Park that certain document entitled "Underwriting
Agreement" as submitted by Stone & Youngberg be approved and the
Mayor is hereby authorized to execute said agreement for and on
behalf of the City.
A
I
DULY AND REGULARLY ADOPTED this 26th day of February 1991.
CITY OF ROHNERT PARK