CC Resolution 1989-064^ 9 RESOLUTION NO. 89-64
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
LA QUINTA APPROVING THE OFFICIAL STATEMENT
FOR ASSESSMENT DISTRICT NO. 89-2, IMPROVEMENT
BONDS, SERIES B
BE IT RESOLVED, DETERMINED AND ORDERED that i) it is in
the best interest of the City and Assessment District No. 89-2
that if said assessment district is formed that the Improvement
Bonds, Series B to be issued, which will bear taxable interest,
be sold to an underwriter selected after soliciting
underwriters that may purchase said type of bonds; ii)
Fieldman, Rolapp & Associates, financial consultants to the
City on the proposed Assessment District No. 89-2, are directed
to solicit proposals from underwriters and to present to this
City Council at the hearing on the formation of the assessment
district to be held on June 22, 1989, the name of the
underwriter which, in the opinion of Fieldman, Rolapp &
Associates, will purchase said Bonds at a favorable price to
the City and the price to be paid for said Bonds, if issued;
and iii) the official statement prepared by Fieldman, Rolapp &
Associates, presented to this City Council on this date, is
approved in substantially the form presented. Said official
statement may be presented to underwriters which are being
solicited by Fieldman, Rolapp & Associates to purchase said
Bonds. It is the understanding of this City Council that
Fieldman, Rolapp & Associates will make such additions and
corrections to the official statement as may be necessary to
make said official statement current prior to presentation to
underwriters.
ADOPTED, SIGNED AND APPROVED this 23 May, 1989.
Mayor**y of La Quinta
SEAL)
A*9 *
j/#ity Clerk of t*City of La Quinta
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^ 9STATE OF CALIFORNIA)
55.
COUNTY OF RIVERSIDE)
I, SAUNDRA JUHOLA, City Clerk of the City of La Quinta, do
hereby certify that the foregoing resolution was duly adopted
by the City Council of said City at a special meeting of said
City Council held on the 23rd day of May, 1989, and that it was
so adopted by the following vote:
AYES: Council Members Bosworth, Rushworth, Sniff, Mayor Pena
NOES: None
ABSENT: Council Memb*r Bohnenberger
City Clerk of the *11a Quinta
SEAL]
STATE OF CALIFORNIA)
ss.
COUNTY OF RIVERSIDE)
I, SAUNDRA JUHOLA, City Clerk of the City of La Quinta, do
hereby certify that the above and foregoing is a full, true and
correct copy of RESOLUTION NO. 89-64, of said City Council,
and that the same has not been amended or repealed.
DATED: *ay 23, 1989.
*ity Clerk of*e City of La Quinta
05/18/89
4675n/2588/0l 2-
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ADMIN-U01
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