1963/06/17 City Council Resolution 71RESOLUTION NO. ?/
A RESOLUTION MODIFYING WORK
PROJECT NO. 61 -4
RESOLVED, by the City Council of the City of Rohnert Park,
successor to the Board of Directors of the Rohnert Park District,
(a Community Services District), Sonoma County, California, that
WHEREAS, included in the estimate of costs of the acqui-
sitions and improvements to be had and made pursuant to Reso-
lution of Intention No. 166, adopted by this Board on August 7,
1961, is an item "Owners reserve for PG &E $7,40O.00t' which will
not be incurred as a part of said project; and
WHEREAS, the bonds were sold to Crowell, Weedon & Co. at
95% of the par value thereof, 90% of the purchase price to be
paid in the form of advances to the District based on Engineer's
Certificates, less interest at 6% per annum from the dates of
said advances to the date of delivery of the bonds, and
$$.,53..11 has accrued on said advances to the date of the bonds;
NOW, THEREFORE, IT IS ORDERED, as follows:
1. That said acquisitions and improvements and the esti-
II mate of costs in the Engineer's Report be modified by deleting
the item "Owners reserve for PG &E $7,400.00 ".
2. That said moneys be used, to the extent necessary,
to replace the reduction in the purchase price of the bonds
by reason of the accrual of interest on advances to the District
I
on account of the purchase price of the bonds from their
respective dates to June 16, 1963, the date of the bonds, as
provided in the bond purchase agreement.
I hereby certify that the foregoing is a full, true and
correct copy of a resolution duly passed and adopted by the City
Council of the City of Rohnert Park, Sonoma County, California,
at a meeting thereof held on the /7a - day of r
r
1963, by the following vote of the members thereof:
AYES, and in favor thereof, Councilmen: emu, Foust �
Buchanan, Smith and Dell
NOES, Councilmen: )
ABSENT, Councilmen:
`C-:ty Clerk
APPROVED:
Mayor