HomeMy WebLinkAbout1961-02-07; City Council; Resolution 714RESOLUTION NO. 714
clude
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
AWARDING $ mD'B- OND 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 $ ~oo,ooo bonds of the
City Of Carlsbad , California, designated
"WATERWORKS WVENUE BONDS, 1.960"
and numbered 1 to 300 , both inclusive, all bids
were publicly opened, examined and read, and a tabulation
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 Cfty Council of the City of
Car Is bad , California, DOES HEREBY RESOLVE, DETER-
MINE AND ORDER as follows:
Section 1. That the bid of
SCHWABACHER & CO.
%lf nbers
3di - a
38
offering par, accrued interest to date of delivery and a
premium of $ None for said bonds to bear interest
payable annually the first year and semiannually thereafter
at the rates of:
*
Cf%Y Bonds- Award Resn,
Rate
0
Years
.
is the bid for said bonds yielding the lowest net interest
cast.
to said bidder in accordance with the terms of its proposal.
Said bid is hereby accepted and the bonds awarded
Section 2. That said bid accepted in Section 1
hereof did not
ing legal opinion of O'Melveny & Myers be printed on the
back of each bond at the expense of the successful bidder.
request that a certified copy of the approv-
Section 3. 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 4. That the interest rate($) on said
bonds is (are) hereby fixed at the rate(s) stated in
Section 1 hereof.
Section 5. The City Treasurer is hereby directed
to deliver said bonds to the successful bidder upon the
payment of part accrued interest to date of delivery and
2.
the premium above stated.
ADOPTED, SIGNED AND APPROVED this 7th day
Of February > 1961.
ATTEST : /
Q5x5
Clerk of th e City of Carlsbad, California
(SEAL)
[Add customary adoption certificate and on copy returned to O'Melveny & Myers also add copy certificate]
3.