HomeMy WebLinkAbout86-36CITY OF UKIAH
RESOLUTION NO. 86-36
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF UKIAH
DETERMINING TO REFUND THE CITY OF UKIAH ELECTRIC REVENUE
BONDS, SERIES A
WHEREAS, the City Council of the City of Ukiah
has duly authorized the issuance of $18,000,000 principal
amount of its Electric Revenue Bonds, Series A, by Resolution
No. 84-11 adopted on August 17, 1983; and
WHEREAS, the City Council has determined that
substantial cost savings to the City and its inhabitants
and the electric rate paying customers therein can be
effected through the refunding of the outstanding principal
amount of such bonds;
NOW, THEREFORE, BE IT RESOLVED by the City
Council of the City of Ukiah that the City Council determines
to refund the outstanding principal amount of such bonds.
PASSED AND ADOPTED on April 2, 1986, by the
following vote:
AYES:
NOES:
Councilmembers Henderson, K/er, Hickey, Kelley, and Mayor Myers
None
ABSENT: None
Approved:
of
City of Ukiah, California
[ SEAL ]
ATTEST:
; / City Clerk of
~i~y of Ukiah, Cali~ornia