HomeMy WebLinkAboutRESOLUTIONS - 09102004 - 71-286 IN THE BOARD OF SUPERVISORS
OF
CONTRA COSTA COUNTY, STATE OF CALIFORNIA
In the Matter of Sale of }
$4,245,OOO of the San Ramon }
Valley Unified School � RESOLUTION NUMBER 71/286
District 1970 Bonds,
Series A. }
}
}
WHEREAS the Board of Supervisors of Contra Costa Countys
State of California, heretofore duly authorized the issuance of
$ 8,3002-000 - principal amount of bonds of
San Raman Valley Unified School District
of Contra Costa County; and further duly authorized the sale of
$4,245,00O designated Series A of
said bonds at public sale to the best and highest bidder therefor;
and
It
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 Cost
Name of Bidder to District
Bank of America N.T. & S.A. and $2:578:240
Associates
Bank of California, et al. 2:751,750
United California Bank and 2s675:094
Associates
RESOLUTION NUMBER 71/286
67-6-2001
Form #22.2
AND, WHEREAS the said bid of Bank of America N.T. & S.A.
and Associates is the highest and beat bid for said bonds, considering
the interest rates specified and the premium offered, if any,
LOW, THER� ORE, BE IT RESOLVED 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 $4,245,000 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 $255.
Interest Rate
Bond Numbers per Annum
A-1 through A-60 6%
A-61 through A-90 5V
A-91 through A-120 4.30%
A-121 through A-150 4.45,%
A-151 through A-210 4.60-%
A-211 through A-270 4
A-271 through A-330 4.90,
A-331 through A-390 5.100
A-391 through A450 5.30%
A-4,51 through A-5505,50
'%'
A-551 through A-650 5.6 .
A-651 through A-750 5 374W01,
A-751 through A-849 5.85
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 November 15 and May 15 in each year, except interest for
the first year which is payable in one installment on May 15, 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.
RESOLUTION NUMBER 71/286
''I'll.-,.........................................................................-
......................
3. The Clerk of this Board of Supervisors is directed
to cause to be lithographeds 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 AXD ADOPTED this 21th day of AprilL 1271
Xz%—= by the Board of Supervisors of Contra Costa Countyo by the
following vote :
AYES .- Supervisors A. M. Dias, J. E. Moriarty,
W. N. Boggess, E. A. Linscheid,
J. F. Kenny.
NOES.- None.
ABSENT : None.
RESOLUTION NUMBER 71/286
67-6-200
Form #22.2
Page 3 IS/