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Resolution 1988-31 .... .. ~ . . ~ -J." . . ...... RESOLUTION NO. 88 - 31 RESOLUTION APPROVING REASSESSMENT REPORT AND ORDERING REASSESSMENTS LAS ANIMAS TECHNOLOGY PARK REFUNDING DISTRICT NO. 2 The City Council of the City of Gilroy resolves: The Engineer of Work filed the written report prescribed by section 9523 of the Streets and Highways Code. On the basis of the information set forth in the Report, this City Council hereby finds and determines that the three conditions specified by section 9525 of the Streets and Highways Code are satisfied. Accordingly, this City Council is authorized to proceed with approval and confirmation of the report and with authorized issuance and sale of the proposed refunding bonds without notice to the affected landowners or hearing on the report. This Council hereby approves and confirms the Reassessment Report, including Exhibits A through I thereof. All assessments originally levied in Las Animas Technology Park Assessment District Reassessment and Refunding shall be deemed supplanted and superseded by the reassessments proposed hereby, except for unpaid installments of principal and interest due and payable during or before fiscal year 1988-89. Serial bonds representing unpaid reassessments, and bearing interest at a rate not to exceed twelve percent (12%) per annum, shall be issued in accordance with the terms and conditions of the Refunding Act of 1984 for 1915 Improvement Act Bonds (the "Act"), and the last installment of the bonds shall mature twenty- two (22) years from the 2nd day of September next succeeding twelve (12) months from their date. The reassessments and interest thereon shall be collected in the manner prescribed by the Act and are subject to reassessment, amendment, and prepayment, all in accordance with the provisions of the Act and the related provisions of the Improvement Bond Act of 1915 which are incorporated therein. * * * RESOLUTION NO. 88 - 31 ORIGINAL L . ...- . . .. I hereby certify that the foregoing resolution was duly and regularly adopted and passed by the City Council of the city of Gilroy, California, at a regular meeting thereof held on the 2nd day of May, 1988, by the following vote of the members thereof: AYES, and in favor, thereof, Councilmembers: GAGE, HALE, KLOECKER, MUSSALLEM, PALMERLEE, VALDEZ and HUGHAN. NOES, Councilw~mbers: None ABSENT Councilmembers: None RESOLUTION NO. 88 - 31 2 ....~ . . . . I, SUSANNE E. STEINMETZ, City Clerk of the City of Gilroy, do hereby certify that the attached Resolution No. 88-31 is an original resolution, duly adopted by the Council of the City of Gilroy at a regular meeting of said Council held on the 2nd day of May , 19~, at which meeting a quorum was present. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Official Seal of the City of Gilroy this 3rd day of May 19 88. ;2!~~~1i~i1roY ยท (Seal)