HomeMy WebLinkAboutCity Council - 1860 RESOLUTION NO. 1860
RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF HUNTINGTON BEACH, CALIFORNIA,
AWARDING $ 3,750,000 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 $ 3,750,000 bonds of the
City of Huntington Beach , California, designated
111963 WATER REVENUE BONDS, SERIES A"
and numbered Al to A3,750 , 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 City Council of the City of
Huntington Beach , California, DOES HEREBY RESOLVE,
DETERMINE AND ORDER as follows:
Section to That the bid of
BLYTH & Co. Inc. & Associates
offering par, accrued interest to date of delivery and a
premium of $ 2,587.50 for bonds bearing interest
payable annually the first year and semiannually thereafter
at the rate(s) of:
Rates Years
4.75 19 65 to 19 74
3.2 19 75 to 19 78
.....�.
3.30 19L9, tol9-�'
3 19¢ to 19 3
3.50 % 1993
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 City Clerk
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 1 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.
ADOPTED, SIGNED AND APPROVED this 2nd day of
October lq 63
M yor of the City of
Huntington Beach, California
ATTEST:
i
City alerk of th 1 ty o
Huntington Beaa alifornia
(SEAL)
X
STATE OF CALIFORNIA
COUNTY OF ORANGE ss.
CITY OF HUNTINGTON BEACH
I , PAUL C. JONES City Clerk
of the City of-Huntington Beach , 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 a n adjourned regular meeting of
said City Council held on the 2nd day of October
1963, and that it was so adopE—eT as follows:
AYES: Councilmen Gisler, Welch, Lambert
NOES: Councilmen None
ABSENT: Councilmen Wells, Stewart
City Y
(SEAL) Huntington ch, California
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