Resolution 1988-31
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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supplanted and superseded by the reassessments proposed hereby,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.
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RESOLUTION NO. 88 - 31
ORIGINAL
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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
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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.
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(Seal)