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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.