HomeMy WebLinkAbout86-37CITY OF UKIAH
RESOLUTION NO. 86-37
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF UKIAH
APPOINTING UNDERWRITERS IN CONNECTION WITH THE REFUNDING
OF 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 firms of Merrill
Lynch Capital Markets, Smith Barney, Harris Upham &
Co. Incorporated and Kidder, Peabody & Co. Incorporated
be and they are hereby appointed as underwriters to
the City of Ukiah in connection with the refunding of
such bonds.
PASSED AND ADOPTED on April 2, 1986, by the
following vote:
AYES: Councilmembers Henderson, Kier, Hickey, Kelley, and Mayor Myers
NOES: None
ABSENT: None
Mayor of
City of Ukiah, California
[SEAL ]
ATTEST:
// / City Clerk of t~
/ ~ity of Ukiah, Cali~ornia