HomeMy WebLinkAboutRESOLUTIONS - 01011968 - 1968-385 IN THE BOARD OF SUPERVISORS
OF
CONTRA COSTA COUNTY, STATE OF CALIFORNIA
In the Matter of Sale of 1968 )
Mt. Diablo Unified :School )
District Bonds, Series A, ) RESOLUTION NUMBER 68/385
$61,255,000. )
}
WHEREAS the Board of Supervisors of Centra Costa County,
State of California, heretofore duly authorized the issuance of
$ 2 ,O0O'O00 principal amount of bonds of
Mt. Diablo Unified School District
of Contra Costa County; and further duly authorized the sale of
$6,255,000 designated Series A of
said bonds at public sale to the best and highest bidder therefor;
and
WHEREAS notice of the sale of said bands 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. $30258s466
Wells Fargo Bank 3,275,389
RESOLUTION NUMBER 68/385
67-6-200
Farm #22..2
PE)�e 1
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,
NOW, 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. 06, 255, 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 bands to said purchaser thereof upon payment to
said Treasurer of the purchase .prise, to wit:
Par and accrued interest to date of delivery,
plus a premium of $ 9.00
Interest Rate
Bond Numbers per Annum
A-1 thrix A-560 @ 4%
A-561 thru A-753 @ _3/4%
A-754 thru A-1251 @ 5%
Said bunds shall be in the denomination of $ 5, 000 each
in accordance with the Official Notice of Sale, and brands shall bear
interest at the said rates hereinabove set forth, payable -8-e i-
annually on January 1 and July 1 in each year,
except interest for the first year which is payable in one installment
on July 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.
RESOLUTION NUMBER 68/385
6-67-200
Form #22.2
Page 2
3. The Clerk of this Board of Supervisors is directed
to cause to be lithographed, printed or engraved a sufficient
number of blank bands and coupons of suitable quality, said bands
and coupons to show on their face that the same bear interest at
the rates aforesaid.
PASSED AND ADOPTED this 1 day of - june ,
196 8 , by the Board of Supervisors of Contra Costa County, by the
following vote :
AYES: Supervisors J. P. Kenny, J. E. Moriarty,
T. J. Call, E. A. Linsehei.d.
NOES: None.
ABSENT : Supervisor A. M. Lias,
RESOLUTION NUMBER 68/385
67-6-200
Form #22.2
Page 3