HomeMy WebLinkAboutRESOLUTIONS - 01011968 - 68-705 x
IN THE BOARD OF SUPERVISORS
OF
CONTRA COSTA COUNTY, STATE OF CALIFORNIA
In the Matter of Sala of }
1966 San Ramon valley RESOLUTION NUMBER 68/705
Unified Sehanl District
Bonds, 'Series C, $1r290,
*000. }
3
WHEREAS the B6ard of Supervisors of Contra Costa Counter,
State of California, heretofore duly authorized the issuance of
$-.51600t000 principal amount of bands of
San Ramon 'galley Unified School District
of Contra Costs County; and further duly authorized the sale of
$1, 290,000 designated Series C
said bonds at public sale to the best and highest bidder therefor;
and
r
WHEREAS notice of the sale of said bonds has been duly
given in the manner prescribed by this Beard of Supervisors, and
the fallowing 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. $663,093.00
United California Bank 672, 775.50
Blyth & Co. 668, 750,.0€
wells Fargo Bark 681, 999.00
RESOLUTION NUMBER 68/7o5
67-6-2070
Form #22.2
T"l %r n
''I'll....................................................................................
................
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. for $1, 290,000
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 $219.50
Interest Rate
Bond Numbers12er Annum
C-1 thru C-89 5%
C-90 thru C-115 42-/.
C-116 thru C-154 4 3/49
C-155 thru C-180 4.80%
C-181 thru C-232 4.90%
C-233 thru C-258 5%
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 April 15 and October 15 in each year,
except interest for the first year which is payable in one installment
on October 15, 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,
RMOLUTION NUMMM 68/705
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 bonds and coupons of suitable quality, said bunds
and coupons to 'show on their face that the same bear interest at
the rates aforesaid.
PASSED AND ADOPTED this 15th day of October
196 B, by the Board of Supervisors of Contra Costa County, by the
following vote
AYES: Supervisors J. P. Kenny, J. E. Moriarty, A. M. Dias.
NOES: None.
ABSENT: Supervisors T. J. Coll, E. A. Linscheid.
67--6-200 OLUTION NUMBER 66/705
Form, #22.2
Page 3