My WebLink
|
Help
|
About
|
Sign Out
RES 85458
City of Pleasanton
>
CITY CLERK
>
RESOLUTIONS
>
1980-1989
>
1985
>
RES 85458
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
9/26/2012 8:21:51 AM
Creation date
12/28/1999 8:09:26 PM
Metadata
Fields
Template:
CITY CLERK
CITY CLERK - TYPE
RESOLUTIONS
DOCUMENT DATE
10/1/1985
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
12
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
Section 5.3, proceeds of sale of the bonds, together with all <br />amounts paid on the assessments prior to bond issuance, shall be <br />deposited in the improvement fund to be maintained by the <br />Finance Director. Disbursements from the improvement fund shall <br />be made by the Finance Director in accordance with the budget of <br />estimated costs and expenses set forth in the engineer's report <br />heretofore approved hy the City Council, which report and budget <br />are subject to modification hy the City Council from time to <br />time as prescribed hy the Act. <br /> <br /> The Finance Director is authorized and directed to <br /> <br />transfer funded interest from the improvement fund to the <br />redemption fund as required to make interest payments on the <br />bonds on March 2, 1988, and September 2, 1988. <br /> <br /> Section 5.2. REDEMPTION FUND. The redemption fund <br /> <br />shall he maintained.by the Finance Director. All payments of <br />principal and interest installments on the assessments, together <br />with penalties, if any, shall he deposited in the redemption <br />fund, which shall he a trust fund for the benefit of the <br />bondholders. Payment of the bonds at maturity, or at redemption <br />prior to maturity, and all interest on the bonds shall he made <br />from the redemption fund. <br /> <br /> SectiOn 5.3. SPECIAL RESERVE FUND. The special <br /> <br />reserve fund shall he maintained hy the Finance Director. There <br />shall he deposited into the special reserve fund the amount of <br />$972,226.00 from the proceeds of the sale of bonds. The special <br />reserve fund shall-he administered as follows: <br /> <br /> A. During the term of the bonds, the amount in <br /> <br /> 3 <br /> <br /> <br />
The URL can be used to link to this page
Your browser does not support the video tag.