HomeMy WebLinkAboutCC RES 71-56RESOLUTION NO. 71-56
RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF TUSTIN , CALIFORNIA,
AWARDING $ 1,200,000 BONDS OF SAID
CITY TO THE BEST BIDDER AND REJECTING
ANY OTHER BIDS.
WHEREAS, at the time and place fixed for the
opening of bids for the $ 1,200:O00 bonds of the
City of Tustin
California, designated
City of Tustin 1971 Park Bonds
...... _ .~ .. . _ -~ .., ....
and numbered 1. to 240
- ~ ........ .._...
both inclusive,
all bids were publicly opened, examined and read, and a
tabulation thereof has been entered in the minutes; and
WHE~S, the bid of 'the bidder hereinafter named
is the best bid made by a responsible bidder for said bonds;
NOW, THEREFORE, ~he City Council of the City o£
/
Tustin , Califo/~nia,...DOES HEREBY RESOLVE, DETER-
MINE AND ORDER as' follows:~, ..
Section. 1o That th'e bid of : WEEDEN & CO.
__
.,
:
'-" -- t ............. t .~ _' ............... _ i i it i ! il_ i
...
offering par, accrued .interest to date of delivery and a
..
premium of $ ... ~0-. ........... f'o~. ~!bonds bearing interest pay-
able annu. ally the first yea~ an~ .semiannually thereafter at
,.
the rate(s) of: . . '
Rates
6.5
5.25 __ %
5.4
5.6
_
5.1
:. Years
, ,
19 73 to 19 79
1980 ~ to 198_3__1
~ 1982 1-983
'19~ to 19.
1985
· '. 198__~_ to 19~8_7-
~1988 .to 19 89
199__Q_o to 19__
..t.991
· 19 to 19
,..
·
is th~ bid for sai'd bonds yielding the lowest net interest
.
cost. Said bid is hereby accepted and the bonds aWarded~.
to said best bidder in accordance with the terms of the
..
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 accompanying said
rejected bids to the respective bidders.
Section ~. That/the interest 'rate(s) on said. -
. . /
bonds is (are) hereby fixed at the rate(s) stated in
Section 1 hereof. /
Section 4~ That the City Tressurer is hereby
directed to deliver said bonds to' the successful bidder
upon payment therefor and accr'ued interest, if any, to
date of delivery.
· ADOPTED, SIGNED AND APPROVED this __ 14th day of
·
September, 1971
ATTEST:
City ci;erk 'of th'e-"-icitY--of'
o
STATE OF CALIFORNIA
COUNTY OF ORANGE ss.
CITY OF TUSTIra
I, RUTH C POE ,, City Clerk
of th~~ City of Tustin , California,
DO HEREBY CERTI at the forego ng reso u on was duly adopted
by the City Council of said city and was approved by the Mayor
of said city at a_ adjourned regular meeting of said
City Council held on the day of ~~pptPmhPY ~
19 71 and that it was so a opted as follows:
AYES : Councilmen~~ (~ _ MTT.T.F.R,_, nSTF.R
NOES: Councilmen Nn~F
ABSENT: Councilmen MARSTFRG r T. MTT.T.F.R
(SEAL)
STATE OF CALIFORNIA
COUNTY OF ORANGE ss•
CITY OF TUSTIN
_ _-
City Jerk of the City of Tustin
I~ RUTH C. POE , City Clerk
of the City of Tustin 9 alifornia,
DO HEREBY CERTIFY that the above and foregoing is a full, true
and correct copy of Resolution No. 71-56 , and
that the same has not been amended or repealed.
DATED • ~ ~ / ~i , 19 71
(SEAL)
c o the ity o Tustin