HomeMy WebLinkAboutRESOLUTIONS - 01011968 - 68-592 44
RESOLUTION NO. 68/592
RESOLUTION SELLING $400 ,000 ORINDA FIRE PROTECTION
DISTRICT OF CONTRA COSTA COUNTY 1968 BONDS AND FIX-
ING THE DEFINITIVE RATES OF INTEREST THEREON
WHEREAS, the Board of Supervisors of Contra Costa
County as Board of Directors of Orinda Fire Protection Dis-
trict of Contra Costa County has duly authorized the issu-
ance of $400,000 principal amount of bonds designated
"Orinda Fire Protection District of Contra Costa County 1968
Bonds" (herein called the "bonds" ) and further duly author-
ized the sale of the bonds at public sale to the highest
bidder therefor; and
WHEREAS , notice of the sale of the bonds has been
duly given and the following bids for the bonds were and
are the only bids received , to wit :
Name of Bidder Net Interest Cost
United California ,dank $251,849
Bank of: America 260,459
Wlells Fargo Bank 263,960
Crocker Citizen: National Bank 270, 450
Robert E. Schweser Co.
of California, Ltd. 280, 1O0
-RESOLUTION NUMBER 68/592
I'll,........................................................................................................................................................ ....................
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and
WHEREAS , the bid of United California Bank
is the highest bid for the bonds , considering the interest
rate(s ) specified and the premium offered (if any) ,
NOW, THEREFORE, BE IT RESOLVED by the Board of
Supervisors of Contra Costa County as Board of Directors of
Orinda Fire Protection District of Contra Costa County , as
follows :
1. Said bid of unit-ed California
in the amount, of $251,849 (net interest cost)_
for the bonds is hereby accepted and the Treasurer of the
County is hereby authorized and directed to deliver the bonds
to said purchaser thereof upon payment to the Treasurer of
the purchase price, to wit : The par value thereof and a
premium of $ 96.00 together with accrued interest at the
following rates :
Maturity Years Interest Rate
(InclusiVe) PerAnnum
1970 thru 1977 6 %
1978 4.60 %
1979 thru 1982 4,40
1983 thru 198X 19 41� %
1987 thru 1989 4.60 %
The bonds shall bear interest at the rates hereinabove set
forth, payable annually the first year, and thereafter semi-
annually on January I and July 1 in each year.
66/592-
2
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2. All bids except said accepted bid are hereby
rejected and the County Clerk is hereby directed to return to
the unsuccessful bidders their several checks accompanying
their respective bids .
3. The County Clerk 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.
4 . This resolution shall take effect from and
after its passage and approval.
PASSED AND ADOPTED August 27 , 1968 , by the fol-
lowing vote :
AYES: Supervisors J. P. Kenny, J. E. Moriarty,
T. J. Coll, E. A. Linscheid, A. M. Dias.
NOES : None.
ABSENT: None.
Ch n of the Boar o unervisors
of Conti a County
[SEAL]
Attest :
R. T. PAASCEI
County Clerk and Clerk of the
Board of Supervisors
of Contra Costa County
By
Barbara Kemp V
Deputy Clerk
68 / 592
CLERK'S CERTIFICATE
I , W. T, PAASCH, County Clerk and Clerk of the Board
of Supervisors of Contra Costa County (the "County„ ) , do hereby
certify as follows :
The foregoing is a full, true and correct copy of
a resolution (the "resolution" ) duly adopted by the Beard of
Supervisors (the "Board") of the County , at a regular
meeting of the Board duly and regularly and legally held
at the regular meeting place thereof on August 27, 1968 , of
which meeting all of the members of the Board had due notice
and at which a majority thereof was present ;
At the meeting, the resolution was adopted by the
following vote :
AYES : Supervisors J. P +C'A
P. Kenny,
J. B. Moriarty,
[!��
1. J. Coll, E. A. Linscheid, A. M.. Dias.
NOES : :ane.
ABSENT: None.
I have carefully compared the same with the original
minutes of the meeting on file and of record in my office and
the foregoing is a full , true and correct copy of the orig-
inal resolution adopted at the meeting and entered in said
minutes ; and
The resolution has not been amended , modified or
rescinded since the date of its adoption and the same is now
in full force and effect .
Dated: August 27, 1968.
W_ T. PAASCH
County Clerk and Clerk of the Board
of Supervisors of Contra Costa County
[SEAL] By
Barb ra Kemp
Deputy Clerk
68/592