HomeMy WebLinkAboutRESOLUTIONS - 10172007 - RES-236 IN THE BOARD OF SUPERVISORS
OF
CONTRA COSTA COUNTY, STATE OF CALIFORNIA.
In the Matter of Sale of
$1,415,000, 1960, Series B, RESOLUTI N AVB.
Mt. Diablo Unified School �) 6
District bonds.
WHEREAS, the Board of Supervisors of Contra Costa County,
State of California, heretofore duly authorized the issuance of
principal amount of bonds of
Mt. Diablo Unified School District
of Contra Costa County; and further duly authorized the sale of
$1,415,000, designated as Series B of
said bonds at public sale to the best and highest bidder therefor;
and
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 bonds were and are the only bids re-
ceived by said Board of Supervisors, to wit:
Net Interest Cost
Name of Bidder to District
Bank of America N.T.& S..A. $540,033.50
and Associates
Bank of California N.A. , et al 5452330.00
United California Bank 5479305.00
Wells Fargo Bank American Trust 551,312.50
Company, et al
Cracker-Anglo National Bank
and Associates 559,755.00
RESOLUTION M. 2 , 6
AND, WHEREAS, the said bid of Bank of America N.T.& S.A.
and Associates
/is the highest and best bid for said bonds, considering the in-
terest rates specified and the premium offered, if any,
NOW, THEREFORE, BE IT RESOLVED by the Board of Super-
visors 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 1 415 000
par vafue cif 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 pries, to wit :
Par and accrued interest to date of delivery,
plus a premium of $ 79.
Interest Rate
Bond Numbers Per Annum
B-1 to B-560 5 %
B-561 to B-980 3
B-981 to B-1340 3 3/4
B-1341 to B-1415 1 %
Said bonds shall bear interest at the said rates here-
inabove set forth, payable semi-annually on the 1st days of March
and September in each year, except interest for the first
year which is payable in one installment on September 1, 1962.
2. All other bids are rejected and the Clerk of this
Board is directed to return the bid checks which accompanied the
unsuccessful bids.
Woo 236
3. The Clerk of this Board of Supervisors is directed
to cause to be lithographed, printed or engraved a sufficient num-
ber of blank bonds and coupons of suitable quality, said bonds and
coupons to show on their face that the same bear interest at the
rates aforesaid.
PASSED AND ADOPTED this 8th day of Anfal-qt ....'
1961_0 by the Board of Supervisors of Contra Costa County, by the
following vote:
AYES: Supervisors James P. Kenny, Mel F. Nielsen,
Thomas- John Call, Edmund A. Linscheid, Joseph
S. Silva.
NOES: None.
ABSENT: None.