Res99 13591 - Laserfiche WebLink

Browse Search

the bonds, the financing of costs associated with the issuance of the bonds and all other costs and expenses necessary to finance the Facilities which am permitted to be financed pursuant to the Act. 4. It is the intent of the Council of Redwood City to authorize the sale of bonds in one or more series, in the maximum aggregate principal amount of $15,325,000 and at a maximum interest rate not in excess of 12 percent per annum, or a higher rate not in excess of the maximum rate permitted by law at the time that the bonds are issued. The term of the bonds of each series shall be determined pursuant to a resolution of this Council of Redwood City authorizing the issuance of the bonds of such series, but such term shall in no event exceed 32 years from the date of issuance of the bonds of such series, or such longer term as is then permitted by law. 5. A public hearing (the "Hearing") on the proposed debt issue shall be held at 7:30 p.m. or as soon thereafter as practicable, on April 26, 1999, at the Council of Redwood City Chambers, City Hall, 1017 Middlefield Road, Redwood City, California. 6. At the time and place set forth in this Resolution for the Hearing, any interested persons, including all persons owning land or registered to vote within proposed Redwood Shores Community Facilities District No. 99-1, may appear and be heard. 7. The City Clerk is hereby directed to publish a notice (the "Notice") of the Hearing pursuant to Section 6061 of the Government Code in a newspaper of general circulation published in the area of the proposed Redwood Shores Community Facilities District No. 99-1. Such publication shall be completed at least seven days prior to the date of the Hearing. The City Clerk is further directed to mail a copy of the Notice to each of the landowners within the boundaries of proposed Redwood Shores Community Facilities District No. 99-1 at least 15 days prior to the Hearing. PASSED, APPROVED, AND ADOPTED this 22nd day of March, 1999 by the following vote: AYES: NOES: ABSTAIN: ABSENT: Mayor, City of Redwood City ATTEST: City Clerk, City of Redwood City ~4072.3m93~.0003 -2- 1359!