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In Re Application Jack De Mayo. In Re Bids Sale of Bonds Acq. & Impr. Dist. APPROVED:~~//~//.~Z.~ N~yor o~e City ~f~ Sant& Ana. 421 On motion of Trustee McBride, seconded by Hasenjaeger ant carried, the application of Jack DeMayo for permission to display and sell flowers on the lawn of property at 1308 N. Main Street, was denied for the reason that same does not comply with business district building regulations. This being the time and place fixed for the opening of bids or proposals for the sale of Acquisition and Improve. ment Bonds, designated Series HH in Acquisition and Improvement District No. 7, also known as W. Seventeenth Street Widening, in the total sum of $36,861.89 ordered issued by Resolution No. 2320, and the City Council being duly convened in open session proceeded to and did pub- licly open, examine and declare all bids received as follows: G. W. Bond & Son--Par value, plus accrued interest to date of delivery, plus premium $5V.50, interest 6~-%. ~n motion of Trustee McBride, seconded by Witmer and car- Tied, the bid of G. W. BOnd &:Son is hereby declared the- est responsible bidder for cash, consideration having b~en given to.the rate of interest and the premium offered and the bid of said G.W. Bond and Son be and is hereby accepted and that p~r value is determined to be as defined by the Improvement Act hereinafter referred to. Fttrther reselved that the rate of interest which said bonds shall bear be and is hereby fixed at the rate of 6~% calculated and COntemplated by the Acquisition and Impr6vement Act of 1925 and said bonds shall be dated as the date of the order for their issuance and shall mature as prescribed in the Resolution of Intention, the amount of the total principal coming due each year to be a total of $3,V00.00, except the last yea~ which shall be $3,561.89. On motion of Trustee McBride, seconded by Wltmer and carried, the City Council adJourned~ C~y C/Ierk