HomeMy WebLinkAboutRESOLUTIONS - 10042004 - 71-751 IIS THE BOARD OF SU PER'V IS QRS
OF
CONTRA COSTA COUNTY, STATE OF CALIFORNIA.
In the Matter of Sale of
$475,000 of Moraga School ) RESOLUTION NUMBER 71/751
District 1969 Bonds, Series B.
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WHEREAS the Board of Supervisors of Contra Costa County,
State of California, heretofore duly authorized the issuance of
1,10 8 ,00g principal amount of bonds of
Moraga School District
of Contra Costa County; and further duly authorized the sale of
$475,000 designated Series B of
said bonds at public sale to the best and highest bidder therefor,
and
Ot
WHEREAS notice of the sale of said bonds has been duly
given in the manner prescribed by this Board of Supervisors, and
the following bids for said bands were and are the only bids
received by said Board of Supervisors, to wit :
Net Interest Cost
Dame of Bidder to District
Bank of America N.T. & S.A. $260,608.50
Bank of California 260,937 .50
United California Bank 263,301.50
Security Pacific National. Bank 266,225.U0
Crocker-Citizens National Bank 2715300.45
Wells Fargo Bank 274,003 :10
RESOLUTION ,NUMBER 71/751
67-6-200
Form #22»2
p q 1
AND, WHEREAS the said, bid of Bank of America N.T. & S.A . and
Associates
is the highest and best bid for said bands, considering the interest
rates specified and the premium offered, if any,
NOW, THEREFORE9BE IT RESP by the Board of Supervisors
of the County of Contra Costa, State; of California, as follows
1. Said bid of Bank of America N.T. & S.A. and Associates
for $475,000
par value of said bonds shall be, and is hereby accepted and the
Treasurer of Contra Costa. County is hereby authorized and directed
to deliver said bonds to said purchaser thereof upon payment to
said Treasurer of the purchase .price, to wits
Par and accrued interest to date of delivery,
plus a premium of $ 304
Interest Rate
Mond Numbers _ perAnnum
B-1 through B-35 5.-00%
B-36 through B-50 4.75%
B-51 through B-55 4 .80%
B-56 through B-60 4 . 50%
B-61 through B•-65 5 .00%
B-66 through Bw-75 5.10%.
B-76 through B-85 5.20%.
B-86 through B--95 5.25%
Said bonds shall be in the denomination of $5,0bo each
in accordance with the Official Notice of Sale, and bonds shall bear
interest at the said rates hereinabove set forth, payable semi-
annually on June 15 and December 15 in each year,
except interest for the first year which is payable in one installment
an December 15, 1912
2. All other bids are rejected and the Clerk of this Board
is directed to return the bid checks which accompanied the
unsuccessful. bids.
6-67.200
Form #22.2
Page 2
3. The Clerk of this Board of Supervisors is directed
to cause to be lithographed, printed or engraved a sufficient
number of blank bonds and coupons of suitable quality, said bands
and coupons to show on their face that the same bear interest at
the rates aforesaid.
PASSED AND ADOPTED this q_t,,, daffy of NQyember.
19&71, by the Board of Supervisors of Contra Costa County, by the
following vote:
AYES: Supervisors J. E. Moriarty, W. N. Boggess_,
E. A. Linscheid, J. P. Kenny.
NOSS. None.
ABSENT: Supervisor A. M. Dias.
RESOLUTION NUMBER 71/751
67-6-200
Form 2»2
Page 3