Resolution 1870
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RESOLUTION NO. 1870
A RESOLUTION AWARDING SALE OF BONDS
MONTEREY STREET IMPROVEMENT PROJECT 1974-3
RESOLVED, by the City Council of the City of Gilroy,
California, that
WHEREAS, pursuant to Resolution No. 1799 of Preliminary
Determination and of Intention adopted by said Council on May 6,
1974, as subsequently amended, and its Resolution calling for
bids on the sale of bonds pursuant thereto, adopted on December 2,
1974, notice of said sale has been duly given;
WHEREAS, this is the time and place fixed therein for re-
ceiving bids for the purchase of said bonds, and said bids have
been received and publicly opened, examined and declared by 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
MASON RROTHFRS
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 be, and he is 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 there-
for 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.
* * * * * * * * * * * *
RESOLUTION NO. 1870
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I hereby certify 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 meeting thereof held on
the 16th day of December, 1974, by the following vote of the members
thereof:
AYES, and in favor thereof, Council members: DeBELL, DUFF IN, HUGHAN,
PATE, STOUT and GOODRICH.
NOES, Council members:
None
ABSENT, Council members:
SILVA
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City Clerk of the
APPROVED:
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Mayor
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