HomeMy WebLinkAboutCity Council Resolution 297 ,'JML: JS: vp 9/~,t/65 ]c
RESOLUTION NO. 297
A RESOLUTION AWARDING SALE OF BONDS
SARATOGA AVENIiIE AND COX AVENUE IMPROVEMI~]NT PROJECT
RESO]L~I), by the City Cou:ncil of the City .':>2~'
Ca ].i :fo::rnia ~ thst
WHE};tEA. S~ put suant to Res o!~.~tion of i[n[:; emt.:i.o~:, N,::::::,
by s $ id Count i 1 on Februs.::ry 5 ~ ].~64.~ a:r~5. i '.':; s. P.e s.
fo:r bids on the sale of bor~ds F,'~::rs'uant tl::~e:re'~2::;..,:::::,~
Sept ember ] 5 ~, 1965 ~ not ice of said s sl..e has been ,du]y given ;.
WHEt::~ E.A S ~ t h i $ i s t h e t i. m e a r:, d p t a c e :f i :x :e d 8 h e r e i. n :f'
b i d s f o r t h e p u r c h s. s e o f s a i ~. b o D d s. ~ a I:'~ ~fl s. a i. ~::~ b :] d~ s. h ~.~ v e b e e ~:'~
r ec .ei'ved a.n d pub 1 ic ly opened ~ e:xsm::Lned a. rnd dec: lLa r e~{~ by this.
C o 'u ~'~ {::::r il].;
NOW, THEREFORE, tT iS ORDERED, as
] ....Thai; .el...1 written. bids r.eceive{~ fo:?:~ 'the p',.~.rcba. se o:f
b()II,~].S } exceptir}g the bid herein s. tated~ be ~ ~:~r:~,'.~ they a ::re t:":~e :~:m]:::(,/~,.
:r~?~j,acted~ and] 'ths{',. said bonds be~ ant~. the'y' .~s~:re he:::~"eby~
:soiLed. '~o ~bert F. Schweser Co. of California~' Ltd. .
j e c t % o a ]. ]. o f t h e ~ e r m s .a. :n d o o n d i t i on s s ,a t :f o r t ~'}
of Sale of said bonds and i.n ss.i{~ accepted b:id.
2. That the Treasurer be .~ and he i. s ~'m~s~. :r,:eby' .~, di :re,c ~; ed t ,::::::,
h $ v e s ~ :i d b o :~":~ d s p r i n t e d for t b. w i t h } a n d t t} a t;. t }"'~. e s a me. b e i m ~:'a e ,::~ :i ~:~ t e ].y
s i {y:.. e d ~ s e s ] e d a n d d e ]. i v e r e d t o s a i d b i d. d e :r o n ~:" e c e: i.F t o f 'b F:, e
rained it} ssid wr:itten offer.
3- That the interest rste of ssid bor~ds b,e~.
he,~,eby~ fixed $.t the rate sisted in ssid b:::~.d~.
I hereby certify that the foregoing ms a full, true and
correct copy of Resolution duly passed and adopted by the City
Council of the City of Saratoga~ California, at a meeting thereof
held on the 6th day of October , 196 5 , by the following
vote of the members thereof:
AYES, and in favor thereof, Councilmen:
Glennon, Hartman, Burry, Tyler
NOES ~ Councilmen: None
ABSEMT~ Councilmen: Drake
APPROVED.
,rl,,f. J[. J.l.~.,/v i,.j~