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HomeMy WebLinkAboutReso - CC - 074-1970W, :KJmh 7-29-70-20 RESOLUTION NO. 74 -70 A RESOLUTION AWARDING SALE OF BONDS BURLINGAME AVENUE AREA OFF-STREET PARKING DISTRICT PROJECT NO. 1969-1 FIRST SALE -- $150,000 RESOLVED, by the City Council of the City of Burlingame, California, that WHEREAS, pursuant to Resolution of Intention No. 79-69, adopted by this Council on October 6, 1969, and its Resolution calling for bids on the sale of bonds pursuant thereto, adopted on June 15, 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 considera- tion; and WHEREAS, thit is the time 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 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 r , 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 she 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 there- for 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 is a full, true and correct copy of a resolution duly passed and adopted by the City Council of the City of Burlingame, California, at a meeting thereof held on the ,, day of , 19 , by the following vote: AYES, and in favor thereof, Councilmen: "3truln, Cros`ry, I rant; n NOES, Councilmen: ` ABSENT, Councilmen: t. City .Cleric or the y or Burlingame APPROVED: