1984-21 -
RESOLUT EON NO. 84-21
RESOLUTION OF TH3 CITY COUNCIL OF THE
CITY OF GRAND TERRACE, CALIFORNIA,
APPOINTING SPECIAL COUNSEL FOR TEMPORARY
BORROWING PROCEEDINGS AND ISSUANCE OF NOTES
WHEREAS, the CITY CiOUNC IL o f the CITY OF GRAND TERRACE,
CALIFORNIA, is considering the issuance of temporary notes in -
order to obtain funds to meet immediate requirements before the
receipt of income of the current fiscal year, as said borrowing ..is
authorized by Article 7 . 6, Division 2, Title 5 (commencing. .w, th
Section $3850) of the Government Code of the State of California,
said borrowing and notes to be known and designated as
"CITY OF GRAND TERRACE, CALIFORNIA
1984-85 TAX AND REVENUE ANTICIPATION NOTES"
(hereinafter referred to as the "Notes" ) .
SNOW, THEREFORE, IT IS HEREBY RESOLVED AS FOLLOWS:
iSECTION .1. That tT.e above recitals are all true and
correct. , ,
! SECTION 2. That NAZAREK, HARPER, HOPKINS & McFARLIN is
hereby designated as Special' Counsel 'for the purpose of conducting
all proceedings necessary for such temporary borrowing and
issuance; of Notes as authorized by the provisions of Article 7. 6,
Divisioni2, Title 5 of the Government Code of the State of
California.'
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SECTION 3. That said Special Counsel is hereby
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authorized and directed to perform all services necessary,
including but not limited to the preparation of all resolutions,
notices and certificates as deemed necessary to accomplish the
funding and issuance of the Notes .
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. iSECTION 4. That upon authorization and issuance of the
Notes, said Special Counsel shall issue an approving legal opinion
attesting to the validity o:E the proceedings and the tax-exempt'
status of the Notes.
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SECTION 5. That said Special Counsel shall be paid a fee
equal toione-quarter of one percent ( 1/4%) of the face amount of .
said Notes. Said fee shall all be due and payable immediately
upon the� !issuance and deliv .ry of the Notes and receipt of money
therefor„ and said sum shalL be payable from the proceeds thereof.
IiADOPTED this 28th day of June, 1984.
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;ATTEST:
Ci ty-Gxr-k of the City op Grand Mayor o he 'ty o ra Terrace
Terra :and of the City Council and of th ity Council th reof.
Approved as to form: ,
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City Attorney f
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STATE OF CALIFORNIA )
COUNTY OFSAN BERNARDINO ) ss.
CITY OF GRAND TERRACE )
I; MYRNA ERWAY, City Clerk of the City of Grand Terrace, DO HEREBY
CERTIFY that the foregoing Resolution was duly adopted by the City Council of
said Citylat a regular meeting of the City Council held on the 28th day of
June, 1984, and that it was so adopted by the following vote:
AYES: Councilmembers Rigley, Petta, Pfennighausen;
Mayor Grant.
NIOES: None.
ABSENT: Councilman Nix.
City Cl eriKfif the City of Grand/Terrace -_
and of th('City Council thereoT,.
STATE OF !CALIFORNIA )
COUNTY OF SAN BERNARDINO ) ss.
CITY OF GRAND TERRACE )
! I, MYRNA ERWAY, City Clerk of the City of Grand Terrace, DO HEREBY
CERTIFYithat the above and foregoing is a full , true, and correct copy of
Resolution No. 84-21 of said City, and that the same has not been amended or
repealed:
DATED: June 28, 1984.
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City C1 k of the City of ,, -nd ler_r-acl
and of(-the City Council thof. -
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