HomeMy WebLinkAbout3080
RESOLUTION NO. 3080
RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF ARCADIA, CALIFORNIA,
AWARDING BONDS TO BE ISSUED TO
REPRESENT UNPAID ASSESSMENTS ON
I.ANDS IN VEHICLE PARKING DISTRICT
NO. 1 OF SAID CITY.
.
WREflEAS, by Resolution No. 3074, this City
Council called for sealed bids upon $30,571.37 of bonds
to be issued to represent unpaid assessments upon lands
in Vehicle Parking District No. 1 of said citYi 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 minutesi 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
bidsi
NOW', THEREFORE, the City Council of the City of
Arcadia, Ca11.fornia, DOES HEREBY RESOLVE, DETERMINE AND
ORDER ae follows:
-;.
Section 1. That the bid of Taylor and Company,
Investment Securities,
,4~q North Bedford Drive. Beverlv Hills. California
offering par flat for said bonds, to" bear interest at the
rate of 4.E~ 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
3080
said bid is hereby accepted and said bonds awarded to said
bidder in accordance with the terms of its proposal. The
premium of $ 39.00
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 in-
cluded 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.
Sec'tion 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 "Acquisi-
tion and Improvement Fund, for Vehicle Parking District No.1."
ADOPTED, SIGNED AND APPROVED this 18th day of
November, 1958.
~.o(Q tJ~
Mayor of the City 0
Arcadia, California
~
ATTEST:
~~~;~~
Arcadia, California
(SEAL)
'l'
2.
3080
,.
,..
,...
.. .
~
STATE OF CALIFORNIA
COUNTY OF r..os ANGELES
CITY OF ARCADIA '
~ ss.
I, CHRISTINE VAN MAANEN , City Clerk
of the City of Aroadia , California, DO HEREBY
CERTIFY that the foregoing resolution was duly adopted
by the City Council of said oity and was approved by the
Mayor of said city at a regular meeting of
said City Council held on the ll:lth day of November ,
1958 , and that it was so adopted as follows:
AYES:
Councilmen Jacobi, Camphouse, Balser
and Phillips
Councilmen None
NOES:
ABSENT:
Councilmen Helbold
(SEAL)
f?' JL~':.> . '.j)j / )~';)~ -,t~
~rk o'('the City 0;
Arcadia, California.
. .
3.