HomeMy WebLinkAboutRESOLUTIONS - 06032003 - 70-103 IN THE BOARD OF SUPERVISORS
OF
CONTRA COSTA COUNTY, STATE OF CALIFORNIA
In the Fatter of Sale of }
1969 Moraga School District
Bonds, Series A $315#000. } RESOLUTION No. 70/103
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WHEREAS the Board of Supervisors of Contra Costa County,
State of California, heretofore duly authorized the issuance of
$ 1_'108_.000 principal amount of bonds of
Moraga School District
of Contra Costa 'County; and further duly authorized the sale of
$315, 000 designated series A
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 Cost
Name of Bidder to District
Wells Fargo Bank $222,952.20
Crocker—Citizens National Bank 227„219.98
United California Bank 2,28„772.50
Sank of America 230.1 8.€30
Security Pacific National Bank 233,115.00
RESOLUTION N4, 70/103
67-6-200
Form #22.2
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AND, WHEREAS the said bid of Wells Fargo Bank,, N. A.
is the highest and best bid for said bonds* considering the interest
rates specified and the premium offered, if any,
10Ws THEREFORE, BE IT RESOLVED by the Board of Supervisors
of the County of Contra Costa, State of California, as follows:
1. Said bid of Wells Fargo Bank, N. A. for $315,000
per 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 $ 7.80
Interest Rate
Bond Numbers per Annum_
A-1 thru A-21 0 6.50%
A-22 thru A-30 6.00%
A-31 thru A-39 6.30%
A-40 thru A-48 6.50%
A-49 thru A-63 6.70%
Said bonds shall be in the denomination of $ 5,vOOO 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 March 15 and September 15 in each year,
except interest for the first year which is payable in one installment
on March 15, 1971.
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 NO, 70/103
6-67-200
Form #22.2
Page 2
3` The Clerk of this Board of Supervisors is directed
to cause to be li