HomeMy WebLinkAboutRes - 1989.96 - Certificates of Participation RESOLUTION NO. 1989. 96
RESOLUTION OF THE BOARD OF DIRECTORS OF THE
EAST VALLEY WATER DISTRICT DECLARING ITS
INTENTION TO SELL CERTIFICATES OF
PARTICIPATION IN THE AMOUNT OF $5, 940, 000;
FIXING TIME AND PLACE FOR TAKING BIDS,
DIRECTING PUBLICATION OF NOTICE INVITING
BIDS AND APPROVING THE PRELIMINARY OFFICIAL
STATEMENT
WHEREAS, this Board of Directors deems it proper and the
necessity therefor appears that bids be invited for East Valley
Public Facilities Corporation, Certificates of Participation
(Highland System Project) Issue of 1989 (the "Certificates" ) in
the amount of $5, 940, 000 and that if bids are satisfactory said
Certificates be sold in the manner and at the time and place
hereinafter set forth;
NOW, THEREFORE, THE DISTRICT' S BOARD OF DIRECTORS DOES
HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS:
SECTION 1. That sealed proposals for the purchase of
the Certificates in the amount of $5, 940, 000 be received by
this Board of Directors at the offices of Fieldman, Rolapp &
Associates, 2100 S.E. Main Street, Second Floor, Irvine,
California 92714 (714) 660-8500 on May 22 , 1989 , up to the hour
of 10 :30 A.M.
SECTION 2 . That the Secretary of this Board is hereby
authorized and directed to publish a notice inviting such
sealed proposals by one insertion in The Bond Buyer, a
newspaper of general circulation, circulated within the State,
said publication to be at least fifteen (15) days prior to the
date of opening bids stated in said notice attached hereto as
Exhibit A.
SECTION 3 . That the Preliminary Official Statement
prepared by Fieldman, Rolapp & Associates presented to this
Board of Directors is hereby approved and the firm of Fieldman,
Rolapp & Associates is authorized to furnish prospective ,
bidders for the Certificates copies of the Preliminary Official
Statement with such modification thereto as may be approved by
the Corporation' s Financial Consultant, Bond Counsel and the
District ' s General Manager.
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SECTION 4 . That the Secretary of this Board is hereby
authorized and directed to cause to be furnished to prospective
bidders copies of a notice inviting proposals . That said
notice shall be substantially as set forth in Exhibit A
attached hereto . The failure, in whole or in part, to comply
with this Section 4 and Section 3 hereof shall not in any
manner affect the validity of the sale of said Certificates .
ADOPTED, SIGNED AND APPROVED this 1st day of May, 1989 .
5):4.&;j()
Presiden of the Board of Directors
of East Valley Water District
(SEAL)
ATTEST:
e e a y o he Board of Directors of
of ast Valle Water District
05/01/89
4409n/2497/03 -2-
1989. 96