Title
Resolution of the City Council of the City of South San Francisco, California, acting as the legislative body of City of South San Francisco Community Facilities District No. 2021-01 (Public Facilities and Services), City of South San Francisco, County of San Mateo, State of California, authorizing the issuance of its special tax bonds (Oyster Point), Series 2022 in a principal amount not to exceed twenty-five million dollars ($25,000,000) and approving certain documents and taking certain other actions in connection therewith
body
WHEREAS, the City Council of the City of South San Francisco, California (the "City Council"), has heretofore undertaken proceedings to establish City of South San Francisco Community Facilities District No. 2021-01 (Public Facilities and Services), City of South San Francisco, County of San Mateo, State of California (the "District") and the City Council, acting as the legislative body of the District, has declared the necessity to issue bonds on behalf of the District pursuant to the terms and provisions of the Mello-Roos Community Facilities Act of 1982, as amended, being Chapter 2.5, Part 1, Division 2, Title 5 of the Government Code of the State of California (Act); and
WHEREAS, pursuant to Resolution Nos. 53-2021 and 54-2021 adopted by the legislative body of the District on March 10, 2021, certain bond propositions were submitted to the qualified electors within the District, and were approved by more than two-thirds of the votes cast at the election held on March 10, 2021; and
WHEREAS, the legislative body of the District desires to authorize the issuance of a first series of bonds for the District at this time under the Act to finance certain public facilities which the District is authorized to finance (the "Facilities"); and
WHEREAS, the District desires to finance certain Facilities through the issuance of bonds in an aggregate principal amount not to exceed $25,000,000 designated as the "City of South San F...
Click here for full text