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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 RESOLUTION NO. 15624 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RIVERSIDE, CALIFORNIA, ACCEPTING PROPOSAL AND MAKING AWARD FOR SALE OF BONDS, AND PROVIDING FOR THE ESTABLISHMENT OF A REDEMPTION FUND FOR THE PAYMENT OF SAID BONDS WHEREAS, the CITY COUNCIL of the CITY OF RIVERSIDE, CALIFORNIA, has heretofore instituted and conducted proceedings under the terms and provisions of the "Municipal Improvement Act of 1913", being Division 12 of the Streets and Highways Code of the State of California, for the construction of certain public works of improvement, together with appurtenances and appurtenant work, in a special assessment district known and designated as SANDY LANE ASSESSMENT DISTRICT (hereinafter referred to as the "Assessment District"); and, WHEREAS, in the Resolution of Intention it was deter- mined and declared that bonds should issue under the provisions of the "Improvement Bond Act of 1915", being Division 10 of the Streets and Highways Code of the State of California; and, WHEREAS, there has now been received, in proper form, a proposal for the purchase of said bonds to issue under said proceedings, and said proposal received is, in the opinion of this City Council, considered to be the bid that would best serve the interests of owners of land included within the Assessment District and should be accepted. correct. from NOW, THEREFORE, IT IS HEREBY RESOLVED AS FOLLOWS: SECTION 1. That the above recitals are all true and SECTION 2. That the written proposal and bid received Wulff-Hansen and Company for the purchase of improvement bonds representing unpaid assess- ments in said Assessment District is hereby accepted and approved.