HomeMy Public PortalAboutResolution 66-6541
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RESOLUTION NO. 66 -654
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF TEMPLE CITY, CALIFORNIA,
AWARDING BONDS TO BE ISSUED TO REPRE-
SENT UNPAID ASSESSMENTS ON LANDS IN
VEHICLE PARKING DISTRICT NO. 4 OF
SAID CITY.
WHEREAS, for sealed �bid Resolution
supon$46711. of bondsttosbe� issued ntolrepre-
sent unpaid assessments upon lands in Vehicle Parking District No.
4 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 TAYIOR and COMPANY
430 N. Bedford Dr,, Beverly Hills calif .
offering par flat for said bonds, to bear interest at the rate of
5.70 % 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 $51.00 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 included 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 Section 1 hereof ar a in
e hereby rejected, and the City Clerk cisodtirected
to return the checks accompanying said rejected bids to the respec-
tive bidders.
Section
issue said bonds as� provided hbyClaw and ator deliver esaid bonds 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. 4."
I ADOPTED, SIGNED AND APPROVED this 6th day of September,
1966.
Mayor oPhe//City of Temple City
ATTEST: AiL9
City �C^�
y Cl erk of the City of Temple City
954
Resolution No. 66 -654
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF TEMPLE CITY )
California, DOE R O t
DOEHEREBYCERTIFYt Clerk o
hattheforegoingyresolution was
y�
duly adopted by the City Council of said City and was approved by
Mayor
heldonothef said City at a
6thdayof September, r,1966, and a of
that it was ysooadopted
as follows:
AYES: Councilmen: Beckley, Clemson, Harker, Merritt, Tyrell
NOES: Councilmen: None
ABSENT: Councilmen: None
City Clerk of the City of
Temple City
955