HomeMy Public PortalAboutResolution 02-90 Authorizing the sale of general obligation bondsRESOLUTION NO. oZ -90
A RESOLUTION OF THE CITY OF McCALL, ODAHO, AUTHORIZING THE SALE OF
GENERAL OBLIGATION BONDS, SERIES 19 -, IN THE PRINCIPAL AMOUNT OF
$1,100,000, TO THE SUCCESSFUL BIDDER; AND DIRECTING THE PREPARATION
OF THE BONDS
WHEREAS, the City of McCall, Idaho (the "City"), by Ordinance
No. 553, adopted on July 14, 1989, has authorized the issuance and
sale of the City of McCall General Obligation Bonds, Series 1989
(the "Bonds") , in the aggregate principal amount of $1,100, 000, and
has directed the giving of Notice of Sale thereof; and
WHEREAS, at the time and place fixed in the Notice of Sale
for receiving bids for the purchase of said Bonds, said bids were
received and publicly opened, examined, and declared.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF McCALL, IDAHO, as follows:
Section 1: All bids received for the purchase of the bonds,
except the bid herein stated, are hereby rejected. The Bonds are
hereby ordered sold to: _
ao I PytPs s .4�/21eahl y
S-Loccls, 630q 3
as the responsible bidder making the best bid, with interest to
the date of delivery of said Bonds, said sale to be subject to all
of the terms and conditions set forth in the Notice of Sale of the
Bonds and in the successful bid, and the Mayor of the City is
hereby authorized to execute an acceptance of said bid.
Section 2: The City's Bond Counsel is hereby authorized and
directed to have said Bonds printed forthwith, and said Bonds shall
be executed, authenticated, and delivered to the successful bidder
on receipt of the amount therefor as above stated, with accrued
interest, if any, and upon the performance of the conditions
contained in the accepted bid and the Notice of Sale of the Bonds.
Section 3: The legal opinion of Lindsay, Hart, Neil &
Weigler, of Boise, Idaho, approving the validity of the Bonds,
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shall be provided to the purchaser at the time of delivery of the
Bonds.
DATED this 25th day of January, 1990.
CITY OF McCALL
Valley County, Idaho
Mayan J1
ATTEST:
,fy;.z✓ City Clerk
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