HomeMy WebLinkAboutReso 5470-1970 RESOLUTION NO. ~470
A RESOLUTION AWARDING SALE OF BONDS
TANFORAN AVENUE-SHAW ROAD STORM DRAINAGE PROJECT
ASSES S.~[ENT DISTRICT
RESOLVED, by the City Council of the City of South
San Francisco, California, that
WHEREAS, pursuant to Resolution of Intention No. 522?,
adopted by said Council on January 5, 1970, and its resolution
calling for bids on the sale of bonds pursuant thereto adopted
November 16, 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 opened,
examined and declared and have been referred to this Council
for consideration; and
WHEREAS, this is the tine and place fixed in said notice
for considering the bids for the purchase of said bonds;
NOW, THEREFORE, IT IS ORDERED, as follows:
1. That all written b:ds 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 are hereby
ordered sold to Euphrat Seca~t~es.;0o. , 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 and 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 amount therefcr and upon the performance of
the conditions contained in said written offer.
3. That the interest rate of said bonds be, and the
same is hereby fixed at the rate stated in said bid.
I hereby certify that the foregoing resolution was regularly intro-
duced and adopted by the City Council of the City of South San Francisco
at a regular meeting held this 21st day of December, 1970, by the follow-
ing vote:
AYES~,COUNCILMAN
I!
NOES,
ABSENT, "
Patrick E. Ahern, Frank J. Bertucelli, William A.
Bo~ba, F. Frank Mammini and Warren Steinkamp
None
None
City Clerk
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