HomeMy WebLinkAboutAGENDA REPORT 1993 0303 CC REG ITEM 08MITEM
Be M.
STAFF REPORT
March 3, 1993
TO: Honorable Mayor and Members of the City Council
FROM: Audrey Ho, Esq. of Burke, Williams & Sorensen
SUBJECT: City of Moorpark Assessment District No. 92 -1 (Mission Bell Plaza)
RECOMMENDATION:
Adopt Resolution No. 93 2-1,. Authorizing the Distribution of the Preliminary
Official Statement Relating to the City's 1915 Act Limited Obligation Improvement Bonds,
Series 1993, Issued in Connection With the City's Assessment District No. 92 -1 (Mission
Bell Plaza).
BACKGROUND:
On approximately August 10, 1992, the City of Moorpark (the "City ") received petitions
from certain property owners requesting that the City form an assessment district, issue
assessment bonds and levy special assessments against an area of land including their properties
in order to finance improvements to the specified area of land.
Following two duly noticed public hearings, the City Council on February 17, 1993,
adopted Resolution No.919, which formed the City of Moorpark Assessment District No. 92 -1
(Mission Bell Plaza) ( the "District "), approved the final Engineer's Report for the District,
confirmed the Assessments, ordered the District improvements and other actions related thereto.
It is now appropriate for the City to consider Resolution No._, which would authorize
the distribution of the Preliminary Official Statement relating to the City's above - referenced
Bonds. Adoption of this Resolution would allow Spelman & Co., Inc., the Underwriter for the
Bonds, to distribute the Preliminary Official Statement to potential purchasers prior to the date
set for sale of the Bonds.
ATTACHMENTS:
1. Resolution No. 93 -Ldx
2. Preliminary Official Statement.
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DOR ?ARK, CALIFORNIA
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