HomeMy WebLinkAboutReso 2635-1958(Harbor Way Assessment District)
RESOLUTION NO. 2635
A RESOLUTION OF THE CITY.COUNCIL OF THE CITY OF
SOUTH SAN FRANCISCO AWARDING THE SALE OF BONDS
TO THE HIGHEST'AND BEST BIDDER
BE IT RESOLVED by the City Council of the City of South San Francisco, County
of San Mateo, State of California, that
WHEREAS, pursuant to the provisions of Resolution of Intention No. 2567, adopted
by said City Council on the 6th day of January 1958, and its Resolution No. 2623, adopted
on the 21st day of April 1958, calling for bids.in connection with the sale of improvement
bonds to be issued pursuant to said Resolution of Intention, published notice of the sale
of said bonds has been duly made and~given; and
WHEREAS this is the time and place fixed in said Resolution and notice for re-
ceiving bids for the purchase of said bonds, and whereas written bids have been received
and have been publicly opened, examined, and declared by said City. Council,
NOW, THEREFORE, IT SHALL BE, AND~IT HEREBY IS, ORDERED as follows:
1. That all written bids received for the purchase of said bonds, excepting the
bid herein stated, be, and they are hereby, rejected, and that said bonds be, and they
hereby are, ordered sold to STONE & YOUNGBERG as the highest responsible bidder therefor,
with interest to the date of delivery of said bonds, said sale to be subject to all the
terms and conditions set forth in the aforesaid notice of sale of said bonds.
2. That the City Clerk be, and he hereby is, directed to have said bonds printed
forthwith; that thereafter said bonds be signed and sealed in the manner heretofore speci-
fied by this City Council; and that immediately following, said bonds be delivered to said
bidder upon receipt of the full amount of the bid therefor, together with interest, as here-
inabove indicated, and upon the complete performance of all the conditions specified in
said call for bids and contained in said written offer, but not otherwise.
3. That the interest rate of said bonds be, and the same hereby is, fixed at
the rate, or rates, stated in said bid.
I hereby certify that the foregoing resolution was regularly introduced
and adopted at a regular meeting of the City Council of the City of South
San Francisco held on the 5th day of May, 1958, by the following vote:
AYES, Councilmen G. J. Rozzi, Andrew Rocca, Emilio Cortesi, Leo J. Ryan,
and Patrick E. Ahem
NOES, None
ABSENT, None
ATTEST:
ARTHUR A. RODONDI
CITY CLERK
(Harbor Way Assessment District)