HomeMy WebLinkAboutRESOLUTIONS - 09102004 - 71-600 ISI THE BOARD OF SUPERVISORS
OF
CONTRA COSTACOUNTY, STATE OF CALIFORNIA
In the Matter of Sale of
$450,000 of Oakley Union
School District Bonds . RESOLUTION NUMBER 71/600
3
WHEREAS the Board of Supervisors of Centra Costa County,
State of California, heretofore duly authorized the issuance of
$- — 4 5 0.X10 0 principal amount of bonds of
of Contra Costa County; and further duly authorized the sale of
the Oakley Union School District
said bands 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 bias 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 $292,319.00
Associates
United California Bank 298,758.50
Security Pacific National Bank 302, 27 .50
Wells ,Fargo Bank 298,238.1.5
RESOLUTION NUMBER 71/600
67--6-200
Form #22.2
P��e ?
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 interest
rates specified and the premium offered., if any,
NOW, THEREFORE. BE IT RESP by the Board of Supervisors
of the County of Centra Costa, State of California, as follows:
1 Said bid of Bank of America N.T. & S.A. and Associates
for $450,_000
par value of said bands 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 $ 131-00
Interest Rate
Bond Numbers per Annum
1-45 6.fl0%
46-50 5 .60r
51-55 5.70%
56-60 5.75%
61-65 5.80%
66-90 5.90%
Said bonds shall be in the denomination of $ 5,000 each
in accordance with the Official Notice of Sale, and bonds shell bear
interest at the said rates hereinabove set forth, payable semi-
annually vn April 15 and October 15 in each year,
except interest for the first year which is payable in one installment
On October 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.
d
b-67-200
Form ##22.2
Page 2
3. The Clerk of this Beard 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 bearinterest at
the rates aforesaid.
PASSED AND ADOPTED this w14,LL. day of ..".gyp. Sheri ,
nIc)6L1 , 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. Linscheid, J . P. Kenny .
NOES: None.
ABSENT None
RESOLUTION NUMBER 7116001
67-6--2003
Porrr. #22.2
Page 3