Resolution 1976-09
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RESOLUTION NO. 76- 9
A RESOLUTION AWARDING SALE OF BONDS
MURRAY AVENUE IMPROVEMENT DISTRICT
PROJECT 1975-5
SERIES 1975-5B $90,101.53
RESOLVED, by the City Council of the City of Gilroy,
California, that
WHEREAS, pursuant to Resolution No. 75-51 of Preliminary
Determination and of Intention adopted by said Council on November
17, 1975 and its Resolution calling for bids on the sale of bonds
pursuant thereto, adopted on February 17, 1976, notice of said sale
has been duly given;
WHEREAS, this is the time and place fixed therein for con-
sideration of the bids received for the purchase of said bonds,
said bids having heretofore been received and publicly opened,
examined and declared;
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
BIRR, WILSON & CO., INC.
, as the highest responsible
bidder therefor, said sale to be subject to all of the terms and
conditions set forth in the Notice of Sale of said bonds and in said
accepted bid.
2. That the Director of Finance is hereby directed to have
said bonds printed, and that the same be immediately executed and
delivered to said bidder on receipt of the purchase price therefor
and upon the performance of the conditions contained in said written
offer.
3. That the interest rate or rates of said bonds be fixed
at the rate or rates stated in said bid.
* * * * * * * * * * * *
RESOLUTION NO. 76-9
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I hereby ce~tify the foregoing is a full, true and correct
copy of a resolution duly passed and adopted by the City Council
of the City of Gilroy, California, at a me~ting thereof held on
the 1st day of March, 1976, by the following vote of the members
thereof:
AYES, and in favor thereof, Council members: CHILDERS, DeBELL,
LINK, PATE and GOODRICH.
NOES, Council members: None
ABSENT, Council members: DUFFIN and STOUT.
6J~~k,
)City Cle~of the
APPROVED:
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