HomeMy WebLinkAbout84-18 CITY COUNCIL OF THE CITY OF UKIAH
RESOLUTION NO. 84-18
A RESOLUTION APPROVING THE ISSUANCE OF
REVENUE BONDS -
WHEREAS, the City of Ukiah (the "City" ) has
undertaken the proposed issuance of revenue bonds in an
amount not to exceed $18, 000, 000, and designated as City of
Ukiah Electric Revenue Bonds, Series A (the "Bonds" )
pursuant to the Revenue Bond Law of 1941, being Chapter 6,
Part 11 Division 2, Title 5 of the Government Code of the
State of California, as supplemented and amended, to finance
the acquisition and construction of hydroelectric generating
facilities located at Coyote Dam on Lake Mendocino in
Mendocino County, including related transmission facilities
(the "Project" ) .to be used by the City; and
WHEREAS, notice of a public hearing with respect to
the proposed issuance of the Bonds was published on g119/S_1 ,
1983, in the Ukiah Daily Journal, a newspaper of general
circulation in the County of Mendocino; and
WHEREAS, on Sept. 1 , 1983, said public hearing was
held before a designated representative of this City Council,
and an opportunity was provided for interested persons to
present arguments for and against the issuance of the Bonds
and the nature and location of the Project; and
WHEREAS, the interest on such bonds may qualify for
tax exemption under Section 103 (b) of the Internal Revenue
Code of 1954, as amended (the "Code" ) , only if such bonds are
approved in accordance with Section 103 (k) of the Code; and
WHEREAS, the Project is located wholly within the
geographic jurisdiction of the County of Mendocino, but
partly outside the geographic jurisdiction of the City; and
WHEREAS, this City Council is the elected
legislative body of the City of Ukiah, and is the applicable
elected representative required to approve the issuance of
the Bonds pursuant to Section 103(k) (2) (A) (i) of the Code;
NOW, THEREFORE, the City Council of the City of
Ukiah does resolve as follows:
Section 1. Each of the foregoing recitals is
correct and is certified to be a representation of the City
Council.
Section 2 . The City Council hereby approves the
issuance of the Bonds to finance costs of the Project. It is
the purpose and intent of this City Council that this
Resolution constitute the approval of the Bonds by the
appropriate applicable elected representative in accordance
with Section 103 (k) (2 ) (A) (i ) of the Code.
Section 3 . This Resolution shall take effect
immediately upon its passage.
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040513-0001-098-1976d 08/02/83
The foregoing Resolution was passed and adopted by
the City Council of the City of Ukiah on 9-7- 1983, by
the following vote:
AYES: Counci lmembers Dickens , Hickey, Myers , Kelley
NAYS: Counci lmember Fei busch
ABSENT: None
Mayor
Approved as to form:
sel to City f Ukiah
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040513-0001-098-1976d 08/02/83
CLERK' S CERTIFICATE
I, the undersigned, the City Clerk of the City of
Ukiah, hereby certify that the foregoing is a full, true and
correct copy of a resolution duly introduced and adopted,
following the holding of a public hearing with respect
thereto, at a meeting of the City Council of the City
of Ukiah duly and regularly held on the 7th day of September,
1983, of which meeting all of the members of said City
Council had due notice and at which a majority thereof were
present; and that said resolution was adopted by the
following vote:
AYES: Counci lmembers Dickens , Hickey, Myers, Kelley
NOES: Councilman Fei busch
ABSENT: None
�C
City Clerk
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