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RESOLUTION NO. 3137
RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF JgTINGTON
BEACH, CALIFORNIA,
AWARDING ,000,000 BOND'S OF SAID
CITY TO THE BEST BIDDER AND REJECTING
ALL OTTER BIDS.
WHEREAS, at the time and place fixed for the
opening of bide for the $ 6 ,000,000 bonds of the
City of Huntington Beach 8 California., designated
"1970 Park Bonds, Series it
and numbered I to 1200 , 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, DETER-
MINE AND ORDER as follows:
Section to That the bid of Bank of America
N.T. & S .A . and Associates
offering
$, 6 ,000,000
None Premium
and. accrued interest to date of delivery For brand ,
bearing interest payable annually the first year and
semiannually thereafter at the rate(s) of:
Rates Years
5.00
4/64
is the bid for said bonds yielding the lowest net interest
cost. Said bid is hereby accepted and the bonds awarded
to said beat 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 3. 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 Treasurer is hereby
directed to deliver said bonds to the successful bidder
upon payment therefor and accrued interest, if any, to
date of delivery.
ADOPTED, SIGNED AND APPROVED this 16th day of
February ' 19-zo .
,l
MayoV of the y o
ATTEST: Huntington Beach
Cl-ty Clerk o e y o
Huntington Beach
(SEAL)
STATE OF.'CALIFORNIA
COUNTY OF ORANGE �a
CITY OF" HUNTINGTON BEACH
Paul "C: ,loins , 3.ty ;Clerk. " "
of the City' of.,Huntin�:EQn _ 9aeh tCalifornia.,_ DO MEW
CERTIFY that.the foregoing, res olution..was duly adopted'.
by the City Council of said city and wa,s approved. by the
Mayor of said city at a regular .meeting 'of
sa"ids City Council held on the: It fri lay of February ,
19 10 , and that t was-, so adoptedas follows
AYES* Councilmen Shipley, Bartlett, MpGk.adken,
Kaufman., Matney, . Green:
NOES: Councilmen None
ABSENT.:'. Coun 3lmeen Coon
(S ALE 'City er o e y o
Huntington Beach