Laserfiche WebLink
Resolution No. 00-147 <br />Page Two <br /> <br />WHEREAS, <br /> <br />in order to facilitate compliance by the Underwriter of requirements of the <br />Securities & Exchange Commission and to facilitate dissemination of certain <br />information concerning the Project and the City to Bondholders and others, each <br />Member is entering into a continuing Disclosure Certificate (the "Continuing <br />Disclosure Certificate") with respect thereto; and <br /> <br />WHEREAS, included in the Preliminary Official Statement are descriptions of each of the <br /> Members and their respective wastewater enterprise systems; and <br /> <br />WHEREAS, <br /> <br />the City Council wishes at this time to authorize certain proceedings relating to the <br />City's participation in the financing of the Project and the City's proportionate <br />responsibility for the security therefor; <br /> <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES <br />AS FOLLOWS: <br /> <br />Section 1: <br /> <br />Approval of Sewer Service Contract. The City Council hereby approves the <br />Sewer Service Contract, in substantially the form on file with the City Manager, <br />together with any changes therein or additions thereto deemed advisable by the <br />City Manager, whose execution thereof shall be conclusive evidence of her <br />approval of any such additions and changes. The City Council hereby authorizes <br />and directs the City Manager, subject to the restrictions set forth in Section 6, to <br />execute, and the City Clerk to attest and affix the seal of the City to, said form of <br />the Sewer Service Contract for and in the name of the City. The Sewer Service <br />Contract provides that the total amount of payments to be made by all of the <br />Members will be sufficient to pay debt service on the Bonds, as issued in one or <br />more series, as needed, to complete the Project. <br /> <br /> <br />