HomeMy WebLinkAbout62-111RESOLUTION NO. 62-111
RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF SANTA ANA
AWARDING $ 3,000,000 BONDS OF
SAID CITY TO THE BEST BIDDER AND
REJECTING ALL OTHER BIDS.
WHEREAS, at the time and place fixed for the
opening of bids for the $ ~,000,000 bonds of the
City of Santa Ana , California, designated
"1~62 WATER ..P~E BONDS, SERIES
and numbered ~ to 5,000 , both inclusive, all
bids were publicly opened, examined and read, and a tabu-
lation thereof has been entered in the minutes; and
WHEREAS, the bid of the bidder hereinafter named
is the best bid made by a responsible bidder for said bonds;
NOW, THEREFORE, the City Council of the City of
Santa Aha , California, DOES HEREBY RESOLVE,
DETERMINE AND ORDER as follows:
Section 1. That the bid of
Blyth & Co., Inco and Associates
offering:
$ ..... 3~000~000
$ 1,68o
and accrued interest to date
(Par N~Ot~'~TE~I$~T~)
Premium,
of delivery for bonds
bear-
ing interest payable annually the first year and semi-
annually thereafter at the rate(s) of:
Rates Years
43/4 % 1964 to 197~
3 3/4 % 1972 ~m~
1973_.~_ to 1977
19~ to 19 ~0
19~1 to 19 82
3°60 % 1992 .........
City Bonds
Award Resn.
is the bid for said bonds yielding the lowest net interest
cost. Said bid is hereby accepted and the bonds awarded to
said bidder 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 Clerk of the Council
is directed to return the checks accompanying 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 i hereof.
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.
June
ADOPTED, SIGNED AND APPROVED this 12th
, 19 62 .
day of
· ~yor of the~O~
ATTEST: ~ Califormia
Clerk-of'the Co~. of the City of S~ta ~a, California
(SEAL)
STATE OF CALIFORNIA
COUNTY OF ORANGE / ss.
CITY OF SANTA ANA
I, ~RION $~W~TNEE , Clerk of the Council
of the City of Santa Aha , California, DO HEREBY
CERTIFY that the foregoing resolution was duly adopted
by the City Council of said city and was approved by the
Mayor of said city at an ad$o~rn~d regular meeting of
said City Council held ~-~the ~n day of June ,
19 ~2, and that it was so adopt~follows:
AYES:
Councilmen Royal E. Hubbard, Dale H. Heinly,
Bob Brewer, A~ A~ Hall
NOES: Councilmen None
ABSENT: Councilmen Henry H. Schlueter
(SEAL)
Clerk bf the Cou~ciI df the City of
Santa Ana, California