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RNEOWTION NO 3e$7
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A iE SOLOTION AWARDING ate Op .wpm
PAIKING ammo OF 1962 - 4R40„1009
0FF-STREET PARKING PROJECT mo. 60-8
=SOLVED, by the Co unoil of the City of Palo Alto,
• Ca lAternte, that .
r,,•. i4.vv„^I'?11,.z;A ppanse to notioe duly given
as heretofor e order ed by Resol utio n C alli ng for Bids on Bonds,
adopted onFiebruiry 26, 1962, has c alled for bids fo r the sale of
said bon de heretofore or dered issued;
WHEREAS, this is the time and plaee fi xed th erein fo r
r eceivin g bids for the pur6l*se ii '` tiEqviade, mid said bids
have been received and publioly opened, examined and d ecla red
by this Couno.il;
.NOW; THEREFORE, ZT IS ORDERED, se fo llows:
1. Tha t all wr itten bids received for the purchas e of
ea id bonds, ex cepting the bid herein stated, be, and they are
here by, rejected, an d that said bo nds be , and the y are hereby,
order ed sold to J. B, H AN AU ER & CO.
as the highest respon sible bidder therefor, with interest to
the date of delivery of eaid bonds, said sale to be su bject to
all of the terms a nd oonditions eet forth in the Official Notice
of Sale.
2. Tha t the Treasur er of said City be, an d he is hereby,
dir ected to have said bonds prin te d for thwith, and that the same
be imm ediately signed, sealed and deliv ered to said bidder on
receipt of the amoun t therefor as abo ve sta ted, with interest
:but n ot other wise, an d upon the perfor mance of the con ditions
'contained in said wr itten offer .
3. That the intere st r ate on said bo nds be, and the same
ie hereby, fixed at the ra te sta ted in sa id accepted bid.
• • • • • • • • o
It
r,
I he reby certify that the foregoing is a, full, true and correct
copy of a resolutio n duly passed and adopted by the C11y Council of
the City of Pal o Alt o, California, at a m eeting thereof held on the
9th day of April , 1962 , by the followi ng vote of
the members thereof:
AYES, and in favor thereof, Council men:
Arnold, B ishop, Byxbee, Cresap, Debe, Dias, Haight, Marsh all,
P orter, Rodgers, R ohre, Rus, Woodward.
NOES, Councilmen: Non e.
ABSENT, Coun cilmen : Stephens, Zwe ng.
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City ifeCie y o Palo Alt o