HomeMy Public PortalAboutResolution 66-5911
RESOLUTION NO. 6 -591
RESOLUTION OF THE CITY COUNCIL CF
THE CITY OF TEMPLE CITY, CALIFORNIA,
AWARDING BONDS TO BE ISSUED TO
REPRESENT UNPAID ASSESSMENTS ON
LANDS IN VEHICLE PARKING DISTRICT
NO. 3 OF SAID CITY.
WHEREAS, by Resolution No. 66 -587, this City Council called
for sealed bids upon $60,401.73 of bonds to be issued to represent
unpaid assessments upon lands in Vehicle Parking District No. 3 of
said city; and
WHEREAS, at the time and place fixed for the opening of
said bids all bids received were publicly opened, examined and read,
and a tabulation thereof has been entered in the minutes; and
WHEREAS, the bid of the bidder hereinafter named is the
highest and best bid made by a responsible bidder for said bonds in
accordance with the published notice inviting bids;
NOW, THEREFORE, the City Council of the City of Temple City,
California, DOES HEREBY RESOLVE, DETERMINE AND ORDER as follows:
Section 1. That the bid of Charles L. Swanton
offering par flat for said bonds, to bear interest at the rate of
5.12 % per annum, payable as provided in the notice inviting bids, is
the highest and best bid for said bonds in accordance with said notice
inviting bids, and said bid is hereby accepted and said bonds awarded
to said bidder in accordance with the terms of its proposal. The
premium of $ 121.00 offered in said bid is not required to break a
tie between that bid and another bid proposing the same interest rate,
and said premium shall not be incluf'ed in the purchase price for said
bonds.
Section 2. That the interest rate on said bonds be and the
same is hereby fixed at the rate stated in Section 1 hereof.
Section 3. That all bids other than the one accepted in
Section 1 hereof are hereby rejected, and the City Clerk is directed
to return the checks accompanying said rejected bids to the respective
bidders.
Section 4. That the City Treasurer is hereby directed to
issue said bonds as provided by law and to deliver said bonds to the
purchaser thereof upon receiving the purchase price bid therefor as
hereinbefore stated. Said purchase price shall be deposited in a
special fund designated "Acquisition and Improvement Fund for Vehicle
Parking District No. 3"
ADOPTED, SIGNED AND APPROVED this th day of April, 1966,
1 ATTEST:
City Clerk of tie City of
Temple City, California
Mayor of the City of Temple City,
California
851
Resolution No. , PaV •2-
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES) ss,
CITY OF TEMPLE CITY )
I, KARL L. KOSKI, City Clerk of the City of Temple City,
California, DO HEREBY CERTIFY that the foregoing resolution was duly
adopted by the City Council of said city and was approved by the
Mayor of said city at a regular meeting of said City Council held en
the 5th day of April, 1966, and that it was so adopted as follows:
AYES: Councilmen- Dlckason, Merritt, Nunamaker, Tyrell, Harker
NOES: Councilmen- None
ABSENT: Councilmen- None
/ 0/
City Clerk of the City of Temple
City, California
852