HomeMy WebLinkAboutRESOLUTIONS - 10172007 - RES-316 IN THE BOARD OF SUPERVISORS
OF
CONTRA COSTA COUNTY, STATE OF CALIFORNIA
In the Matter of Sale of
$210,000, Orinda Union
School District 1957 REt�L M€t�►N NO. 316 .,
bonds, Series Z. 1
WHEREAS, the Board of Supervisors of Centra Costa County,
State of California, heretofore duly authorized the issuance of
$ 953.ft}t principal amount of bonds of
Orinda Union School District
of Contra Costa County; and further duly authorized the sale of
210, 1 designated as Series E 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 California N.A. , et al $78,380,00
Bank of America X.T. do S„A.
and Associates 79,8O4.50
Wells Fargo Bank American
Trust Company, et al 79,872.50
Blyth and Company, Inc. , et al 80,784.0
First Western Bank and Trust
Company 810246.20
J. Barth and Company 8310794
RESOLUTION NO.
AND, WHEREAS, the said bid of Bank of California N.A. ,
et a1
is the highest and best bid for said bands, considering the in-
terest rates specified and the premium offered, if any,
NOW, T EREFOR&O 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 California N.A. , et al, for
par value of said bonds shall be, and is hereby accepted and the
Treasurer of Centra 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 wit :
Par and accrued interest to date of delivery,
plus a premium of $ 12.50
Interest Rate
Bond Numbers Per Annum
E - 1 to E - 40 5
E- 41 to E - 50 3_314
E �- 51 to E - 8Q
E - 81 to E - 122 3
E - 123 to E - 210 3
Said bonds shall bear interest at the said rates here-
inabove set forth, payable semi-annually on the first daps
of May and November in each year, except interest for the first
year which is payable in one installment on November 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.
3. The Clark 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 duality, said bonds and
coupons to show on their face that the same bear interest at the
rates aforesaid.
PASSED AND ADOPTED this nth day of I R. ker
196.0 by the Board of Supervisors of Contra Costa County, by the
following vote:
AYES: Supervisors James P. Kenny, Mel F. Nielsen,
Edmund A. Linschei d, Joseph S.
Silva.
NOES: None.
ABSENT: Supervisor Thomas John Coll.
RESOLUTION NO. 6