Whenever the City Council determines to issue Bonds to finance the estimated costs of the acquisition, construction and installation of any of the improvements described in Section 5 of the Assessment Ordinance, it shall adopt a resolution of intention to issue Bonds. The resolution of intention shall do all of the following:
(a) Declare the intention of the City Council to issue the Bonds.
(b) Describe the purposes for which the Bonds are proposed to be issued.
(c) Set forth the amount of the Bonds proposed to be issued.
(d) Fix the time and place for a hearing by the City Council on the proposed Bond issuance.
SECTION HISTORY
Added by Ord. No. 172,856, Eff. 11-8-99.