HomeMy WebLinkAboutReso 5261-1970 RESOLUTION NO. 5261
A RESOLUTION AWARDING SALE OF BONDS
CABOT, CABOT · FORBES INDUSTRIAL PARK UNIT NO. 2-A
FOURTH SALE - $307,000
RESOLVED, by the City Couu~cil of the City of South
San Francisco, California, that
WHEREAS, pursuant to Resclution of Intention No. 4613,
adopted by said Council on January 16, 1967, and its resolu-
tion calling for bids on the sale of bonds pursuant thereto~
adopted on February 2, 1970, notice of said sale has been
duly given;
WHEREAS, said bids have.been received by the~ City Clerk,
as fixed in said notice, and have been publicly °pened,
examined and declared and have been referred to this Council
for consideration; and
WHEREAS, this is the time and place fixed in said notice
for considering the bids for t~e purchase of said bonds;
NOW, THEREFORE, IT IS ORDERED, as follows:
lo That all written bids received for the purchase of
said bonds, excepting the bid ~erein stated, be, and they
are hereby rejected, and that said bonds be, and they are
hereby ordered sold to J.R. Narwitz & Co. ,
as the highest responsible bidder therefor, said sale to be
subject to all of the terms and conditions set forth in the
Notice of Sale of said bonds a~nd in said accepted bid.
2' That the City Treasurer be, and he is hereby
directed to have said bonds printed, and that the same be
immediately signed, sealed and delivered to said bidder on
receipt of the amo?mnt therefor and upon the performance of
the conditions contained in said written offer.
3. That the interest ra~e of said bonds be, and the
same is hereby fixed at the ra~e stated in said bid.
"~ i IIIII I
I hereby certify that the foregoing resoluti on was regularly intro-
duced and adopted by the City Council of the City of South San Francisco
at a regular meeting held this 2nd day of March, 1970, by the following
vote
AYES, COUNCILMEN:
NOES,
ABSENT, "
Frank J. B~rtucelli, Patrick E. Ahern, F. Frank
Mammini, A~drew Rocca and Warren Steinkamp
None
None
City Clerk
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