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RESOLUTION NO. 11830 <br /> <br />RESOLUTION OF THE CITY COUNCIL OF THE <br />CITY OF RIVERSIDE, C~LIFORNIA, <br />AUTHORIZING THE ISSUANCE OF $11,900,000 <br />WATER REVENUE BONDS OF SAID CITY AND <br />PROVIDING FOR THE ISSUANCE OF $5,000,000 <br />PRINCIPAL AMOUNT OF SAID BONDS TO BE <br />DESIGNATED "WATER REVENUE BONDS, ISSUE <br />OF 1972. <br /> <br /> WHEREAS, pursuant to Section 1306 of tbc City <br />Charter, the Board of Public Utilities has recommended <br />to the City Council the authorization of tbe issuance <br />of water revenue bonds for the purpose of acquiring, <br />constructing, reconstructing, replacing, extending and <br />improving works for supplying the City and its inhabitants <br />with water; and <br /> <br /> WHEREAS, said Recoplmendation specified the <br />matters required by said Section 1306; and certified copies <br />thereof have been transmitted to the offices of the Mayor, <br />the City Manager, and the City Clerk, and the City Clerk <br />has forthwith presented said Recommendation to the City <br />Council; and <br /> <br /> NOW, THEREFORE, the City Council of the City of <br />Riverside, California, does hereby resolve, determine and <br />order as follows: <br /> <br /> Section 1. Pursuant to Section 1306, the City <br />Council hereby approves the Recommendation and hereby <br />authorizes $11,900,000 principal amount of water revenue <br />bonds. <br /> <br /> <br />