HomeMy WebLinkAboutRESOLUTIONS - 09012004 - 70-682 IN THE BOARD £3E SUPERVISORS
OF
CONTRACOSTA COUNTY, STATE QP CALIFORNIA
In the Matter_ of the Sale of �
$5 ,000 ,000 of the fit. Diablo RESOLUTION NO. TO/ 682
Unified School District 1968 }
School Bonds , Series D' )
The Beard of Supervisors of Contra Costa County RESOLVES THAT:
This Board' has heretofore duly authorized the issuance of
$25 ,0?'0000 pr nci sal amount of bonds of Pit.` Diablo Unified School
District of Contra; Costa County;, and further duly authorized the
sale of $5,000,000,, designated I Series D 'of said bonds at ,public
bid to the best andhighest bidder therefor. Notice of the sale
was duly given in the manner prescribed by this Board.
On the date and time fixed for ;;bids to be received for this sale,
the Clerk' of this Hoard Informed this Board that no bids had been
received. These bonds have at no time been canceled'
The United California Bank has submitted an 'offer to purchase these
bonds at private sale pursuant to Education Code, 521€312 at the net
interest cost to District of $ .ZA4 ���.». , This offer is the
highest and best offer for these beads , considering_ the interest
rues specified and the premium l' offered,, if any.
Therefore, this Board resolves that; this offer of United >California
Bank for $5,060,00D par value of these bonds shall be , and is hereby
accepted pursuant to the provisions of Education Cade §21812, and
the Treasurer of Contra Costa County is hereby authorized and
directed to deliver these bonds' to this purchaser upon its payment
to said Treasurer of the purchase price, to 'wit
Par, and accrued interest to date of delivery, plus> a
premium of
Interest Rate
Bond Numbers er Annum
D-1 'through D-1000 5%
RESOLUTION NO. 70/ $
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These bonds shall be in the denomination of $,�..�%,��.#2LI„�.. each,
in accordance with the Official: Notice of Sale, and sball bear
interest at the rates hereinabove set forth, payable
n each year, 'except interest oi- the first yea-r Mcg-is pa abe
ih one installmenton , 19
`the Clerk of this Board is directed to cause to be lithographed,
printed, or engraved a sufficient number of 'blank bonds and oupons
of suitable quality , showing on their face that they bear interest
at the aforesaid rates',
PASSED AND ADOPTED on , 1970, by this Board
MDF:akt RESOLUTION NO. 70/6-82
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