HomeMy WebLinkAboutRESO 5034. \. 41t7ML:KJmh 12-4-74-60
RESOLUTION NO. 5034
A RESOLUTION AWARDING SALE OF BONDS
CALIFORNIA AVENUE AREA OFFSTREET PARKING
PROJECT NO. 71-63
$q20,ooo BONDS OF 1975
ORlul•~AL
RESOLVED, by the Council of the City of Palo Alto, California, that
WHEREAS, pursuant to its Resolution Providing for Issuance of Bonds
and Directing the Levy of Annual Assessments to Pay the Principal and
Interest Thereof, and its Resolution Calling for Bids on Sale of Bonds,
adopted by this Council on November 25, 1974, notice -of said sale has
been duly given;
WHEREAS, bids have been received and publicly opened, examined and
declared, and the results thereof reported to this Council;
NOW, THEREFORE, IT IS ORDERED, as follows:
1. That all written bids received for the purchase of said bonds,
excepting the bid herein stated, be, and they are hereby rejected, and
that said bonds be, and they are hereby ordered sold to
HANSON & COMPANY
WULP'P'a
~~~.,....-~~~~~~~~~~~~~ , as the highest responsible bidder
therefor, said sale to be subject to all of the terms and conditions
set forth in the Official Notice of Sale.
2. That the City Treasurer be, and he ls hereby directed to have
said bonds printed and that the same be immediately signed, sealed and
delivered to said .bidder on receipt of the amount therefor and upon the
performance of the conditions contained in said written offer.
3. That the interest rate of said bonds be, and the same is hereby
fixed at the rate stated in said bid.
• • • • I •
,.
I hereby certify that the foregoing is a f'ull, true and cor-
rect copy of a resolution duly passed and adopted by the Council
of the City of Palo Alto, California, at a meeting thereof held
on the 9th day of DECBllBER ----, 1974, by the following vote
of the members thereof:
AYES, anc! 1n favor thereof, Councilmen: Beahrs, Berwald, Clay, Henderson
Norton, Pearson, Rosenbaum, Sher
NOES, Councilmen: None
ABSENT, Councilmen : Comstock
·~r}~ -clty~o e city or P&io Alto
APPROVED:
APPROVED: