HomeMy WebLinkAboutReso 1965-3921.. - _
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RESOLUTION NO'. , 3921 ~ '
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RESOLUTION'OF THE CITY COUNCIL OF THE- ~ `
_' - CITY OF CHULA•VISTA ; CALIFORNIA;':
AWARDING $ 895;000 BONDS OF SAID _
' ~QITY TO .THE BEST BIDDER AND REJECTING -
A3:L OTHER BIDS. '
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WHEREAS;:, at the. time' and place fixed'.for the. '
opening of bids~for the $ 895,000 bonds of the
' .City of Chula Vista• , California, designated
• "1965 Golf Course. Bonds " _ ..
and numbered 1 to 179 , 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 therCity of .
.. Chula vista ~, California; DOES HEREBY RESOLVE, DETER-.
MINE AND ORDER as follows: ~ -.
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Section 1~. That the bid Of Security First
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. ,- National Bank and-Associates - '~
' ," offering par, accrued interest to-date .of delivery and'a. -
premium of $ '171.00 for-.bonds bearing interest pay-,
able. annually the first year and, semiannually: thereafter at '
- the rate(s).of:
Rates Years ~' ~ ~ •
5 ~ ' • 19 67 to 19 74 , ~ ~~ ,
' 3.75 ~ 19 75 t0 19 85 ~. ~ ,
3.80 ~ 19 86 t0 19 91 ' '
~s . ,
3.90 ,~ 19 92 to 19 95' '
. _ ~ 19_. to 19_ ~,
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• is 'the bid for said bonds yielding the lowest net interest
• cost. 5ad'bid is hereby accepted `and the .bonds awarded =• ~,
: •to"said best bidder iri accordance with the. .terms of 'the
_ ., proposal., .. ~ ~ _ ~ .: •
r Section 2. That all bids other than the one-• •.
accepted in Section l hereof are.re,jected and the City ,
' Clerk is dir®cted_to'return"the checks accompanying said .
~,~. rejected bids. to the"respective bidders. „_ .
~" Section 3. .That the interest, rate(s) on said _. '„
" "bonds`as .(are), hereby 'fixed at the rate(s)- stated in :•
' Section T hereof. _
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' 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, SIGNr.D AND APPROVED this •"3oth. day of
,. November , 1965'., _ .. , ..,
. ayor o e y o ~ "
Chula.Vista,, California.
' ATTEST:.
Cit lerk-o e Ci y o .,- ~ .
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' Chula Vista; •California.. ,~.
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STATE OF CALIFORNIA' ~ :
_COUNTY OF SAN DIEGO ~ ss•
CITY OF ~ CHULA VISTA ))
I, KENNETH CAMPBELL ,City Clerk
of the City o Chula Vista.. a ornia, DO.HEREBY
-- CERTIFY that 'the orego ng reso u ion was duly adopted
. by the City Counoil of said city and was approved by the
Mayor of said •city at ,a n_ ~ adjourned regular meeting of
said City CounciY.held on e~ t1: .day Of .• November, ,
1965., and:that ~it was`so'adop~e~as follows:
' S arlin •,McMains Anderson
- AYES: Councilmen` p g, -
.,:,
' NOES: ~ Councilmen . None
ABSENT: Councilmen McAllister, McCorquodale '
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. C1~3~' L43er~c~o '~ t~~ty off' _
(SEAL) •. .Chula ,Vista, California.