|
Numbering
<br /> Bonds will be numbered serially in order of matusity,
<br />from B1 to B107, inclusive.
<br />Redempfiou
<br /> Bonds of this issue to mature on or ~pri,or ~ Octo~,
<br />1080 shall not be ~olhble prior m the~ nxec~ matur I .
<br />~nds m mature on-or after October 1, 1981, shsll be call-
<br />able on any interest payment date on and after Ocober 1,
<br />1980, at par value plus accrued interest to date of redemp-
<br />tion, plus a premium of ¼ of 1% for each year or fraction
<br />thereof remaining to maturity.
<br /> Registration
<br /> The bonds will be coupon bonds registrable as to prin-
<br /> cipal only, or as to both principal and interest, and the
<br /> form of registration may be changed, or the bonds dis-
<br /> charged from registration, all in accordance with the pro-
<br /> visions in the resolution providing for the issuance of the
<br /> bonds.
<br />
<br />Legal Opinion
<br /> The unq-~lified legal opinion of Messrs. Orrick. Her-
<br />tin.un, surai e, of
<br />
<br />~s, wi~ ~ pfint~ on the ~ cert~tes ~ -
<br />~ m ~e s~e~ bidder wit~ut ~.
<br />Tax [xemplion
<br /> In ~e o~on of ~e ~ ~ ~, i~te~e?.o~
<br />· e ~Ms w~ ~ ~pt from income ~es or me umtm
<br />States of ~erica Under pre~t F~d ~me t~ ~ws,
<br />i~me ~es of ~ State of ~for~ ~ p~t
<br />in,me ~ ~ws.
<br /> L~I Investment
<br /> ~ ~ h~ off~ ~e ~ ~v~n~ in ~-
<br />fur - or ma as.mcn
<br /> le~ invas~an~ for ~ ~ ~ ~ ~ of ~
<br /> ~m~es, and for ~ of t~t ~m~ ~1~ ~
<br /> of cities, counties md other m~id~ m~fi~s.
<br />
<br />SECURITY
<br />
<br /> The bonds and the interest thereon will be general
<br />
<br />will be payable from ad valorem taxes lewea upo'
<br />able property located within the boundaries of the City of
<br />Pleasamun Taxes for this purpose will not be limited as to
<br />either rate or mount (except as to certain personal prop-
<br />erty). Specific procedural obligations of the City to assure
<br />availability bf funds to satisfy all principal and interest
<br />requirements when due are detailed in the tesohtion pro-
<br />viding for the issuance of the bonds.
<br />Real and personal property assessments on the local
<br />roll are ptepared by the County Assessor qf Alameda
<br />County. Public utility property is assessed by the State
<br />Board of Equalization. The sum of these assessments of
<br />psope2ty within the City is the assessed valuation of the
<br />City~ ~'allv assessed ~toperties are reported by the State
<br /> --~7~ 'J" -u-tio~n to be assessed in Alameda County
<br /> lsoara or ~:qum..~9.' . ' e
<br /> at 21.2% of "full' value in 1968-69. The statewide avemg
<br /> County assessment ratio is reported to be 23.00/~. Utilities
<br />
<br /> perupettiesby stat of,
<br /> pon~cl to ~ ~ st 3~ of e~t~ ~f~ v~ue .
<br /> ~mbin~ ~ ~ ~ p~n, indnd~ ~ of
<br />pubic ~l d~k~ ~d o~ o~hppin~ ~n~av~-
<br />ag~ $10.59 ~r $1~ of ~ vd~non m 1~748.
<br />
<br /> In the ~t ei~t y~S as~ ~tion of Ple~n
<br />h~ in~ m more than five times i~ !~1-62 ~vel,
<br />as ~n in Table I.
<br /> To~ a~ v~ti~ of Pl~ton is $24,828,7~
<br /> in 19~-69, or $5,489,565 hi~e~ in 1~7-~. ~is
<br /> repr~n~ a one-y~ incrmz of 28.39%. In the pr~io~
<br /> y~ 5694% w~ r~. Re~d~ ~ i~eifl Mi~-
<br /> lng a<o~t~ for m~t ~ ~is i~. Ci~ ?~5i~ ~t
<br /> ~t the ~e of r~dmn~, co~al ~a l~m~ ~-
<br /> strO~ion in the Ci~ w~ c~finue, there~ con~ibutMg
<br /> to a su~tifl Mg~ ~ ~ valpation in the next
<br /> ~veml 3e~s. A 1969-~ m-~t ~s ~ m add
<br />
<br /> TA~LE I
<br /> Oily OF II~ASANTON
<br />
<br />HISTORY OF ASSESSED VALUATIOfl
<br />
<br /> Locally-Amssed Sta~Assesmd
<br />
<br />Year Secured UnNcured Utilities Total
<br />1961-62 $ 3,931,850 $398,325 $ 506,530 $ 4,836,705
<br />1962-63 4,157,350 384,425 528,740 5,070,515
<br />1963-64 4,579,575 458,750 529,510 5,567,835
<br />1964-65 5,320,900 573,625 685,190 6,579,715
<br />1965-66 7,298,775 711,750 794,300 8,804,825
<br />1966-67 10,370,800 909,120 1,041,830 12,321,750
<br />1967-68 16,959,630 992,305 1,387,290 19,339,225
<br />1968-69 22,016,120 1,142,040 1,670,630 24,828,790
<br />
<br />
<br />
|