Laserfiche WebLink
1 <br /> <br /> 2 <br /> <br /> 3 <br /> <br /> 4 <br /> <br /> 5 <br /> <br /> 6 <br /> <br /> 7 <br /> <br /> 8 <br /> <br /> 9 <br /> <br /> 10 <br /> <br /> 11 <br /> <br /> 12 <br /> <br /> 13 <br /> <br /> 14 <br /> <br /> 15 <br /> <br />16 <br /> <br />17 <br /> <br />18 <br /> <br />19 <br /> <br />20 <br /> <br />21 <br /> <br />22 <br /> <br />23 <br /> <br />24 <br /> <br />25 <br /> <br />26 <br /> <br />27 <br /> <br />28 <br /> <br />RESOLUTION NO. 20603 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />OF RIVERSIDE AUTHORIZING THE ISSUANCE AND <br />SALE OF REFUNDING BONDS FOR CANYON SPRINGS <br />ASSESSMENT DISTRICT <br /> <br /> WHEREAS, the City of Riverside (the "City") has heretofore issued bonds for the <br />Canyon Springs Assessment District (the "Assessment District") and such bonds remain <br />outstanding in the aggregate principal amount of $9,760,000 (the "Outstanding Bonds"); and <br /> <br /> WHEREAS, the City Council of the City (the "City Council") has conducted <br />proceedings pursuant to the Refunding Act of 1984 for 1915 Improvement Act Bonds, Division <br />11.5 (commencing with Section 9500) of the Streets and Highways Code of the State of <br />California (the "Refunding Act"), and has adopted a resolution approving a report prepared <br />pursuant to Section 9523 of the Streets and Highways Code of the State of California and <br />confirming a reassessment contained therein, and all acts required by the Refunding Act with <br />respect to the confirmation of such reassessment have been accomplished; and <br /> <br /> WHEREAS, the City Council has determined that it is in the best interests of the <br />City and the owners of property within the Assessment District that the maturity of the <br />Outstanding Bonds be advanced and that the Outstanding Bonds be defeased, refunded and <br />redeemed, and that refunding bonds be issued pursuant to the Refunding Act for that purpose; and <br /> <br /> WHEREAS, in order to accomplish the advancement of the maturity of and the <br />defeasance, refunding and redemption of the Outstanding Bonds, it is proposed that the City will <br />issue not to exceed $9,000,000 aggregate principal amount of refunding bonds to be designated <br />"City of Riverside, Canyon Springs Assessment District, Limited Obligation Refunding <br />Improvement Bonds, Series 2004" (the "Bonds"); and <br /> <br /> WHEREAS, there has been presented to the City Council a form of Fiscal Agent <br />Agreement providing for the issuance of the Bonds; and <br /> <br /> WHEREAS, there has been presented to the City Council a form of Preliminary <br />Official Statement relating to the Bonds; and <br /> <br />RVPUB'~RTA~z64765.1 <br /> <br /> <br />