HomeMy WebLinkAboutCC Res 1250 1963-07-16
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Resln ot Award- C1t7- No Disc.
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RBSOLU'1'ION NO. 121]0
RBSOLtl'l'ION 0' '1'HB CIft COUNCIL OJ'
'1'11I CI'l'r OJ' SEAL BEACH, CALIFORNIA,
AWARDING .750.000 BONDS 0'
SAm CI'l'r '1'0 '1'HB BlS'1' BmDBR AND
.,.JBC'nRO ALL 0'1'HBR BIDS.
WHlRBAS, at the t1me and place taed tor the
open1ns ot b1d8 tor the . 7~0.000 bonds ot the
01t7 ot
~,:as;l' 'Rp.Af'l.h
, Cal1torn1a, de811nated
IIWAT.iP"I"" 'RnnnA
'91'\3 "
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and numbered , to 7~n, both inclusive,
all bids were publ1c17 opened, examined and read, and a
tabUlation thereot has been entered in the m1nutesJ and
I
WHERBAS, the bid ot the bidder here1natter named
,
is the best bid made by a responsible bidder tor said bondsJ
NOW, '.rHIRUORB, the C1t7 Council ot the City ot
Seal Beach , CaHtorn1a, DOES HERBBY RESOLVE,
DBT.llftMINB AND ORDER as tollows:
Section 1, That the bid ot
-
!'l....."..1 ~y, First N",tional Bank and ~ssociates
otter1ns ppr, accrued interest to date ot del1verJ and a
premium ot . 1.00 tor bonds bear1ns interest
parable annuallr the first rear and semiannually thereafter
II at the rate(s) ot:
/
Retes
11 1/2 "
Years
l 1/2 "
19.....22. to 19~
19-12. to 19~
19~ to 19 94
19-22. to 19 98
1999 to 200.)
l..6o SW;
~..7(Q) .
3.00 'f,
Resolution Number
Ci ty BantU,'
Award Resn.
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II is the bid for said bonds yielding the lowest net interest
cost. Said bid is hereby accepted and the bonds awarded to
said b1dder in accordance with the terms of its proposal.
Section 2. That all bids other than the one
accepted in Section 1 hereof are rejected and the City Clerk
is directed to return the checks accomp~nying said rejected
bids to the respective bidders.
Section 3, That the interest rate(s) on said
bonds is (are) hereby fixed at the rate(s) stated in Sec-
tion 1 hereof.
II
Section 4. The City Treasurer is hereby directed
to deliver said bonds to the successful bidder upon the pay-
ment therefor and accrued interest to date of delivery, if
any.
ADOPTED. SIGNED AND APPROVED this 16th day of
JULY , 19~.
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ATTEST:
&:C;:~t::;f
Seal Beach. California.
(SEAL)
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2.
Resolution Number
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STATE OF CALIFORNIA
COUNTY OF OFlANll'R
CITY OF SEAL BEACH
} 88.
I, F. W. HICKMAN , City Clerk
of the City'of Seal Beach , California, DO HEREBY
CERTIFY that the toregoing resolution was duly adopted
by the City Council of said city and was approved by the
Mayor of said city at a_lIld..:ln....""tl regular meeting of
said City Council held on tn1! 1 f.t.h day of .1..17 '
19~, and that i~ was so adopted as follows:
AYES:
Councilmen
1JAa~hA", T.AI'U"UII?arl J (1".1 a.vt'\' n
f!AWl1'I'I'" 1 ,
NOES:
ABSENT:
Councilmen
""''''W'\A
Councilmen
1
Anderson
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Seal Beach, California.
STATE OF CALIFORNIA
COUNTY OF ORANGE
CITY OF SEAL BEACH
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I, 1i' IN HTt'lK'MAN , City Clerk of
the City of Seal Beach , California, DO HEREBY
CERTIFY that the above and toregoing is a full, true and
correct copy of Resolution No. ~____, and that the
same has not been amended or re~
DATED: ~~~ / 7 , 19n..
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Seal Beach, California.