HomeMy WebLinkAboutRESOLUTIONS - 09102004 - 71-249 IN THE BOARD OF SUPERVISORS
OF
CONTRA COSTA COUNTY, STATE OF CALIFORNIA
In the Matter of Sale of )
$1,290,000 of the Acalanes ) RESOLUTION NUMBER 71/249
Union High School District )
1966 Bonds, Series D. )
WHEREAS the Board of Supervisors of Contra Costa County,
State of California, heretofore duly authorized the issuance of
$5,790,000 principal amount of bonds of Acalanes Union High School
District of Contra Costa County; and further duly authorized the
sale of $1,290,000 designated Series D of said bonds at public
sale to the best and highest bidder in the selected schedule
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 wit :
Net Interest
NaXe of Bidder Schedule Cost to District
Bank of America, N.T. & S. A.
and Associates A $681,517 .00
Bank of California, et al . B 5201-,178 .00
Wells Fargo Bank, N.A . B 501,135.60
Crocker-Citizens National Bank B 497 ,288 .50
United California Bank B 509,821 .00; and
WHEREAS Schedule A was selected pursuant to the terms of
sale; and
WHEREAS the said bid of Bank of America N.T . & S .A. and
Associates under Schedule A is the highest and best bid for said
bonds , considering the interest 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 $1,2903,000 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 $233 .
RESOLUTION NUMBER 71/249
Interest Rate
Bond Numbers per Annum
D-1 through D-258 5%
Said bands 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 November l and May 1 in each year, except
interest for the first year which is payable in one installment
on May 1, 1972.
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 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 bonds
and coupons to show on their face that the same bear interest
at the rates aforesaid.
PASSED and ADOPTED this 13th day of April, 1971, by
the Board of Supervisors of Contra Costa County, by the following
vote:
AYES: Supervisors A. M. Dias, J. E. Moriarty,
W. N. Boggess, E. A. Linsche d, J . P . Kenny .
NOES: None .
ABSENT: None .
RESOLUTION NUMBER 71/249