Resolution 1502
RESOLUTION NO. 1502
A RESOLUTION AWARDING SALE OF BONDS
PACHECO PASS IMPROVEMENT DISTRICT
PROJECT NO. 1970-2
RESOLVED, by the City Council of the City of Gilroy, California,
that
WHEREAS, pursuant to Resolution No. 1480 of Preliminary Deter-
mination and of Intention, adopted by said Council on July 6, 1970,
and its Resolution calling for bids on the sale of bonds pursuant
thereto adopted on said date, notice of said sale has been duly given.
WHEREAS, this is the time and place fixed therein for receiving
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, re-
jected, and that said bonds be, and they are hereby, ordered sold to
STONE & YOUNGBERG
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 after the expiration of the cash payment
period, and that the same be 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.
* * * * * * * * * * *
1~2
I hereby certify that 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 17th day of
August
, 1970, by the following
vote of the members thereof~
AYES, and in favor thereof, Councilmelllbers: Batrez, Duffin, Kennedy,
Pate, Silva, and Goodrich.
NOES, CouncilmeIll1bers: None
ABSENT" Councilmelllbers: Wentworth
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AP~.l)~ED ~
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Mayor