HomeMy WebLinkAboutResolution 1260
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RESOLUTION NO. 1260
A RESOLUTION AWARDING SALE OF BONDS
FOREST STREET IMPROVEMENT DISTRICT
PROJECT NO. 1968-1
RESOLVED, by the City Council of the City of Gilroy,
California, that
WHEREAS, pursuant to Resolution No. 1234 of Preliminary
Determination and of Intention, adopted by said Council on
February 19, 1968, and its Resolution calling for bids on the
sale of bonds pursuant thereto, adopted on May 6, 1968, 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 C. N. White F.. Co., 416-14th St., Oakland,
r.alifornia
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 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 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
20th day of
May
, 196~, by
held on the
the following vote of the members thereof:
AYES, and in favor thereof, Councilmembers: All emand,Kennedy,
Quartiroli,Silva,Wentw0rth, and Goodrich.
NOES, Councilmembers: None
ABSENT, Councilmembers: Duffin
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City Clerk of the City
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APP~~~~~1
/s/ NORMAN B. GOODRICH
Mayor