HomeMy WebLinkAbout1994-12-08; City Council; Resolution 323
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1 RESOLUTION NO. 32
2 A RESOLUTION OF THE PARKING AUTHORITY OF THE CITY
OF CARLSBAD. CALIFORNIA, AUTHORIZING THE CALL AND
REDEMPTION OFTHE REMAINING OUTSTANDING BONDS OF
WHEREAS, in 1981 the Parking Authority of the City of Carisbad issued
$1.5 million of revenue bonds, and the current outstanding principal balance
4 THE 1981 PARKING REVENUE BOND ISSUE
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8 is $825,000; and
9 WHEREAS, bonds maturing on or after February 1,1992 may be called
before maturity and redeemed, at the option of the Authority, with funds
^ ^ derived from any source, on any interest payment date on or after February 1,
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1991; and
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WHEREAS, sufficient funds are available for the purpose of redeeming
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15 the remaining outstanding bonds from the 1981 issue; and
16 WHEREAS, the Authority does hereby find it financially beneficial and
^ ^ desirable, to proceed with the redemption of the 1981 Parking Revenue Bonds.
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22 2. That the Authority hereby authorizes the City Clerk to send
23 instructions to the bank fiscal agent, with a copy of this resolution, to redeem
24 all outstanding bonds of the 1981 issue on February 1, 1995.
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NOW, THEREFORE, BE IT RESOLVED, by the Parking Authority of the
City of Carisbad, California, as follows:
1. That the above recitations are true and correct.
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3. That the Authority hereby authorizes the Finance Director to send
2 sufficient funds to the fiscal agent for the purpose of redeeming the bonds.
3 PASSED, APPROVED AND ADOPTED at a meeting of the Parking
Authority of the City of Carisbad, held on the 8th day of December. 1994, by
the following vote:
AYES: Aleshire, Agatep, and Arterburn
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Q NOES: None
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9 ABSENT: Miller and Aubel
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FRANK ALESHIRE
13 Chairman of the Parking Authority
of the City of Carisbad, California
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16 ATTEST:
ILETHA L RAUTENKRANZ / 19 ALETHA
Clerk of the Parking Authority
20 of the City of Carisbad, California
21 (SEAL)
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