HomeMy WebLinkAboutReso - CC - 080-1953EAW:S 10/27/53
RESOLUTION NO.8o_53___
RESCINDING RESOLUTION NO. 78 AWARDING SALE OF
BONDS AND REAWARDING THEIR SALE
CHAPIN AVENUE IMPROVEMENT - PROJECT
NO. 52-48
RESOLVED, by the City Council of the City of Burlingame ,
California, that
WHEREAS, said Council, pursuant to Resolution of Intentior
No. 77-52 adopted by this Council on November 17, 1952, adopted
its Resolution No. 72-53 Calling for Bids on Sale of Improve-
ment Bonds pursuant thereto, on October 5, 1953; and
WHEREAS, said Council has received written proposals to
purchase the improvement bonds to be issued by said City in the
amount of $46,798.82;
WHEREAS, at the time for opening said bids on October 26,
1953, all bids received were publicly opened, examined and de-
clared and the sale of said bonds was awarded to Lawson, Levy
& Williams, as the highest responsible bidder therefor; and
WHEREAS, said Lawson, Levy & Williams was not the high-
est responsible bidder therefor, and the sale of said bonds was
awarded to them through mutual mistake of fact;
NOW, THEREFORE, IT IS ORDERED, as follows:
1. That Resolution No. 78 Awarding Sale of Bonds, adopt-
ed by this Council on October 26, 1953, be, and the same is
hereby, rescinded and set aside.
2. That said bonds be, and they are hereby, sold to
bidder at the prices stated in its bid on file in the office of
the City Clerk, with interest at the rate stated in said bid
to the date of delivery of said bonds by the City of Burlingame
to the purchaser.
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3. That the City Clerk of said City be, and he is
hereby, directed to have said bonds printed forthwith, and
that the same be immediately signed, sealed and delivered to
said bidder on receipt of the amount therefor as above stated,
with interest but not otherwise, and upon the performance of
the conditions contained in said written offer, and that the
City Clerk notify the successful bidder of this award.
LIo 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 duly
and regularly adopted and passed by the City Council of the
City of Burlingame, California, at a meeting thereof held on
the lst day of October 19539 by the following vote:
AYES and in favor thereof, Councilmen:
Atwater -Byrd -Love -Morgan -Simonds
NOES, Councilmen: None
ABSENT, Councilmen: None
City Clerk