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Res85 9885
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Res85 9885
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Last modified
10/11/2019 1:42:59 PM
Creation date
10/11/2019 1:42:56 PM
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Template:
CC Index
CC Index - Document Type
Resolution
Date
5/20/1985
Description
8 8 5 -- A RESOLUTION DETERMINING UNPAID ASSESSMENTS AND PROVIDING FOR ISSUANCE OF BONDS SEAPORT BOULEVARD ASSESSMENT DISTRICT $4, 603, 992.99 SERIES A RESOLVED, by the City Council (the "Council") of the City of Redwood City (the "City"), in the County of San Mateo (the "County"), State of California, that
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<br />that the relationship of unpaid assessments to Bonds outstanding be <br />disturbed as little as possible by the call of Series A Bonds. <br /> <br />At such time as a determination has been made to call and redeem <br />a Series A Bond or portion thereof in advance of maturity, the <br />Treasurer shall: <br /> <br />(a) give written notification to the Agent requesting a list of <br />the names and addresses of the registered holders of the Series A Bonds <br />and the numbers, denominations and maturities of the Bonds held by such <br />holders; <br /> <br />(b) upon receipt of such list from the Agent, select the Series <br />A Bond to be called in whole or in part; <br /> <br />(c) immediately notify the Agent by telephone of the Series A <br />Bond selected for such redemption and that thereafter no transfer or <br />exchange of such Bond will be permitted by the City; <br /> <br />(d) timely give written notice as aforesaid to the registered <br />holder or holders of the Series A Bond to be called in whole or in <br />part; <br /> <br />(e) provide written notice to the Agent of the terms of <br />redemption of such Bond; and <br /> <br />(f) prior to the call date, provide sufficient funds to the <br />Agent to redeem such Bond or portion thereof, including premium and <br />interest not otherwise provided. <br /> <br />The City shall be liable for the Agent's reasonable charges, if <br />any, with respect to providing the list of Bondholders and related <br />information referred to herein. <br /> <br />Section 23. Mutilated, Destroyed or Lost Series A Bonds. In <br />case any Series A Bond shall become mutilated or defaced in respect of <br />the body of such Bond so as to impair its value to the registered <br />holder, or shall be believed by the City and Agent to have been <br />destroyed or lost, upon clear and unequivocable proof of ownership <br />satisfactory to the City and Agent and upon the surrender at the named <br />office of the Agent of such mutilated or defaced Bond sufficiently <br />identifiable by number and description, or upon the receipt of evidence <br />satisfactory to the City and Agent of such destruction or loss, and <br />upon payment of all expenses incurred by the City and Agent in the <br />premises and after compliance with such other reasonable regulations as <br />the City and Agent may prescribe, and, in the case of a Series A Bond <br />claimed to have been destroyed or lost, upon receipt of indemnity <br />satisfactory to the City and Agent, and in the absence of notice to the <br />City or Agent that such Bond has been acquired by a bona fide <br />purchaser, the City shall execute and the Agent shall authenticate and <br />deliver at the named office of the Agent a new Series A Bond of like <br />maturity and principal amount, bearing a number not contemporaneously <br /> <br />-13- <br />
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