HomeMy WebLinkAboutReso 248-19770284A-22a
WJML:KIJ:shw 12/14/77
RESOLUTION NO. 248-77
A RESOLUTION AWARDING SALE OF BONDS
GELLERT BOULEVARD EXTENSION PROJECT
ASSESSMENT DISTRICT
PROJECT NO. ST 77-5
RESOLVED, by the City Council of the City of South San
Francisco, California, that
WHEREAS, pursuant to Resolution of Intention No. 52-77 adopted
by said Council on May 4, 1977, and its Resolution No. 193-77
calling for bids on the sale of bonds pursuant thereto, adopted on
November 2, 1977, notice of said sale has been duly given;
WHEREAS, this is the time and place fixed therein for
consideration of the bids received for the purchase of said bonds,
said bids having heretofore been received and publicly opened,
examined and declared;
NOW, THEREFORE, IT 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 are hereby, ordered Sold
to Bank of America , 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 Clerk is hereby directed to have said bonds
printed, and that the same be immediately executed and delivered to
said bidder on receipt of the purchase price therefor and upon the
performance of the conditions contained in said written offer.
3. That the interest rate or rates of said bonds be fixed at
the rate or rates stated in said bid.
I hereby certify that the foregoing resolution was regularly
introduced and adopted by the City Council of the City of South San
Francisco, California, at a regular meeting held on the 21st day of
December, 1977, by the following vote:
AYES, Councilmembers:
Richard A. Battaglia, Emanuele N. Damonte,
Terry J. Mirri and Leo Padreddii
NOES, Councilmembers:
ABSENT, Councilmembers:
ABSTAIN, Councilmembers:
None
Non e
William A..· Borba
ATTEST:
City Clerk