Resolution 932
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/7/65 12c
RESOLUTION NO. __9.32
A RESOLUTION AWARDING SALE OF BONDS
PARKING DISTRICT NO. 1
$150,000 MUNICIPAL IMPROVEMENT BONDS
. $110,000 - FIRST DIVISION
RESOLVED, by the City Council of the City of Gilroy, California,
that
WHEREAS, pursuant to Resolution No. 837 of Preliminary Deter-
mination and of Intention, adopted by said Council on June 15, 1964,
and its Resolution calling for bids on the sale of bonds pursuant
thereto, adopted on May 17, 1965, 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,
rejected, and that said bonds be, and they are hereby ordered sold to
"F I RST CALI FORN IA COMPANY OF SAN FRANC I SCO"
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 Clerk be, and she is hereby, directed to have
said bonds printed forthwith, 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.
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I hereby certify that the foregoing resolution was duly
and regularly adopted and passed by the City Council of the City of
Gilroy, California, at a regular meeting thereof held on the 7th day
of June, 1965, by the following vote of the members thereof:
AYES, and in favor thereof, Council Members: Allemand,Duffin,
Goodrich,Quartiroli,Wentworth, and Petersen.
NOES, Council Members:
ABSENT, Council Members:
None
Eckard
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ayor
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ity Clerk 0 the
City