HomeMy WebLinkAbout193-90 RESOLUTION NO. 193-90
A RESOLUTION AUTHORIZING AND DIRECTING TOWN MANAGER
TO NEGOTIATE CONTRACTS FOR FINANCING TEAM
REASSESSMENT - ASSESSMENT DISTRICT NO. 1985-1
WHEREAS, this Council proposes to undertake proceedings pursuant to
the Refunding Act of 1984 for 1915 Improvement Act Bonds (the
"Act") for the purpose of refunding all of the outstanding
Improvement Bonds, Assessment District No. 1985-1 (Sycamore
Valley), and to levy reassessments pursuant to the Act as security
for the refunding bonds to be issued; and
WHEREAS, the public interest and general welfare will be served by
appointing and employing a financial consultant, bond counsel, and
engineer, for said proceedings, and appointing and designating an
investment banker for the underwriting of the refunding bonds to be
authorized and sold as a result thereof; now, therefore,
BE IT RESOLVED, by the Town Council of the Town of Danville that
the Town Manager is hereby authorized and directed to negotiate
agreement with a financial consultant, bond counsel and engineer,
respectively, for a total amount not to exceed $140,000 to be paid
contingent upon the sale of bonds.
APPROVED by the Danville Town Council at a Regular Meeting on
September 4, 1990, by the following vote:
AYES:
NOES: NONE
ABSTAINED:NONE
ABSENT: NONE
GREENBERG, LANE, RITCHEY, SCHLENDORF, SHIMANSKY
MAYOR
ATTEST:
APPROVED AS TO FORM:
SVADREFI.ASR