HomeMy WebLinkAboutRESOLUTIONS - 01011968 - 1968-282 IN THE BOARD OF SU PERV IS ORS
OF
CONTRA COSTA COUNTY, STATE OF CALIFORNIA
In the Matter of Sale of 1966 }
Acalanes Union High School. }
District Bonds, Series B, } RESOLUTION NUT- R 68/282
$1:700,000. )
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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
$1,700,000 designated Series B 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 wit :
Net Interest Goat
Name of Bidder to District
Bank of America $858,610.50
Blyth & Go., Inc. 863,345.00
Wells Fargo Bank 86 21 .00
Crocker-Citizens National Bank 8719845.00
United California Bank 888,921..00
68 282
AND, WHEREAS the said bid of Bank of America N.T. & S.A.
is the highest and best bid for said bonds, considering the interest
rates specified and the premium offered, if any,
NOW9 THEREFORE, 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. for $1,700,000
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 $ 187
Interest Rate
Bond Numbers perms
3-1 thru B-153 @ 5%
B-154 thru B-170 @ 4-7/8%
B-171 thru B-238 @ 4.7
B-239 thru B-289 @ 4-314%
B•-29th thru B-310 C 4.80%
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 1 and June 1 in each year,
except interest for the first year which is payable in one installment
on June 1, 1969.
2. All other bids are rejected and the Clerk of this Board
is directed to return the bid checks which accompanied the
unsuccessful bids.
68 /282
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 30th day of April ,
196 80 by the Board. of Supervisors of Contra Costa. County, by the
following vote :
AYES : Supervisors James P. Kenny, Fames E. Moriarty,
Thomas John Coll, Edmund A. Linscheid,
Alfred M. Dias,
NOES: None.
ABSENT : None .
RESOLUTION NUMBER 68/282