HomeMy WebLinkAboutRESOLUTIONS - 08042003 - 70-328 IN THE BOARD OF SU PERV IS ORS
OF
CONTRA COSTA COUNTY, STATE OF CALIFORNIA
In the Matter of Sale of )
$2,095 ,000 of the Antioch } RESOL.UTION NUMBER 70/328
Unified School District )
1970 Bonds , Series A.
}
WHEREAS the Board of Supervisors of Contra Costa County,
State of California, heretofore duly authorized the issuance of
4 ,190 ,000 principal amount of bonds of
Antioch Unified School district
of Contra. Costa County; and further duly authorized the sale of
$2 ,0950000 designated Series A 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
received by said Board of Supervisors, to gait
Net Interest Cost
Name of Bidder to District
United California Bank, et al . $ 1 ,651 ,999
Crocker Citizens Bank 1 ,682,775 .80
Wells Fargo 'Bank et al . 1 ,685,556 . 55
Bank of America N.T. & S .A. and Associates 1 ,703 ,978 .
Bank of California 1 ,713 ,212 . 50
RESOLUTION 'NUMBER 70/328
b7--6-200
Form #22.2
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AND, WHEREAS the said bid of United California Bank et al .
is the highest and best bid for said bonds, considering the interest
rates specified and the premium offered, if any,
ME, THEREFORE, M IT RESOLVED by the Board of Supervisors
of the County of Contra Costa, State of California, as follows-,
1. Said bid of United California Bank et al . for $2 ,095 ,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 wit:
Par and accrued interest to date of delivery,
plus a premium of $ 401
Interest Rate
Bond Numbers perAnnum
A-1 through A-179 7 .0%
A-180 through A-209 6 .80%
A-210 through A-239 6 .40%
A-240 through A-269 6 .50%
A-270 :through A-299 6 .60%
A-300 through A-329 6 .70%
A-330 through A-389 6 .80%
A-390 through A-419 5 .00%
Said bonds shall be in the denomination of $ 5,000 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 December 30 and June 30 In each year,
except interest for the first year which is payable inane installment
on June 30, 1971 .
2. All other bids are rejected and the Clerk of this Board
is directed to return the bid checks which accompanied the
unsuccessful bids,
RESOLUTION NUMBER 70/328
6-67-200
Form #22.2 .....
Page 2
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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 qualityo said bonds
and coupons to show on their face that the same bear interest at
the rates aforesaid.
PASSED AND ADOPTED this 3rd day of AI
196c70, by the Board of Supervisors of Contra Costa County# by the
following vote :
AYE$: Supervisors A. M. Dias , J . E . Moriarty,
E. A. Linscheid , T. J . Coll .
NOES: None.
ABSENT: Supervisor J . P. Kenny.
RESOLUTION NUMBER 70/328
67-6-200
Form. #22.2
Page 3
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