1964/07/01 City Council Resolution 181WHJ&M:JS:gb 7/14/64 8C
RESOLUTION NO.
A RESOLUTION APPOINTING COUNTY TREASURER
PAYING AGENT FOR PAYMENT OF BONDS AND COUPONS
SPECIAL ASSESSMENT AND
ASSESSMENT BOND PROCEEDINGS
RESOLVED, by the City Council of the City of Rohnert Park,
California, that
WHEREAS, said City has heretofore undertaken special
assessment and assessment bond proceedings;
WHEREAS, said City may undertake future special assessment
and assessment bond proceedings from time to time and now has
certain proceedings in preliminary stages;
WHEREAS, said proceedings provide that the principal and
interest on the bonds issued to represent the unpaid assessments
in said proceedings shall be payable at the office of the
Treasurer of said City;
WHEREAS, the unpaid assessments in said proceedings are
payable in the same manner and at the same time and in the same
installments as the general taxes of the City on real property
are payable which said taxes are collected for said City by the
County of Sonoma;
WHEREAS, said monies collected by said County for said
City are deposited in the office of the Treasurer of said County
prior to its transfer to said City; and
WHEREAS, said City is desirous of appointing the Treasurer
of the County of Sonoma as Paying Agent for the payment of all
bonds and interest coupons issued or to be issued in any such
proceedings;
NOW, THEREFORE, IT IS RESOLVED, DETERMINED and ORDERED as
follows:
1. That request be, and it is hereby, made that the
Treasurer of the County of Sonoma act as Paying Agent of the City
for all bonds issued by City pursuant to special assessment and
assessment bond proceedings heretofore or hereafter undertaken by
said City.
2. That, in the event said County Treasurer consents to
act as such Paying Agent for said City, said County Treasurer be,
and he is hereby, authorized and directed without any further
action by said City to keep a redemption fund designated by the
name of the bonds, into which he shall place all sums collected
from the collection of the assessments made for the payment of
the cost of the acquisitions or improvements upon which the bonds
are issued and of the interest and penalties thereon and from
which fund said County Treasurer be, and he is hereby, authorized
and directed to disburse and pay said bonds and the interest due
thereon upon presentation of the proper bonds and coupons.
3. That the Treasurer of said City be, and he is hereby
authorized and directed, upon the consent of said County Treasur-
er to act as said Paying Agent, to transfer to said County Treas-
urer any and all funds on hand in the redemption funds created in
said proceedings heretofore undertaken including any and all sums
heretofore or hereafter collected for the advance retirement of
bonds issued in said proceedings which said sums shall be deposit-
ed by said County Treasurer in the redemption funds to be by him
created pursuant to section 2 hereof.
4. That the various officers of said City be, and they
are hereby, authorized and directed to furnish said County Treas-
urer with any and all information, records, or other matters re-
quested by him in furtherance of the provisions of this Resolution
and said officers be, and they are hereby, authorized and directed
to execute any and all agreements or other documents determined
by said County Treasurer to be necessary to carry out the pro-
visions of this Resolution.
- 2 -
5. That the County Treasurer be, and he is hereby, re-
quested to report to said City Treasurer periodically the status
of said redemption funds and of the necessity, if any, of said
City to advance monies to said funds in the event of delinquen-
cies therein.
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 day of
196+0 by the following vote of the members thereof:
AYES, and in favor thereof, Councilmen:
NOES, Councilmen: 10
ABSENT, Councilmen:i
APPROVED:
Mayv`r
- 3 -
izy uieric
oArc
&f f-
-
"'k
y SIGNED
n"c/~.cw` ncEprms =o~v.ncTu=w.."/TE =OPvroscwocn
Y OF RCMDMIZr
CST r HAM
435 ZCLM-� 50 KEV - UMNEWP s
•D DATE
r
)ATE ' f �' t 77
ir
,-L,00 -
r
Y SIGNED
RECIPIENT KEEPTHIS COPY,RETURN WHITE COPYTO SENDER