CC Resolution No. 3101-27RESOLUTION NO. 3101-27
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AWARDING SALE OF BONDS IN CROSSROADS ASSESSMENT
DISTRICT PROJECT 71-2 - FIRST SALE - $500,000
RESOLVED, by the City Council of the City of Cupertino, California,
that
WHEREAS, pursuant to Resolution of Intention No. 3101-3 adopted by
this Council on March 6, 1972, as amended, and its resolution calling
for bids on the first sale of bonds pursuant thereto, adopted November
6, 1972, notice of said sale has been duly given;
WHEREAS, said bids have been received by the City Clerk as fixed in
said notice, and have been publicly opened, examined and declared, and
have been referred to this Council for consideration; and
WHEREAS, this is the time and place fixed in said notice for con-
sidering the bids for the purchase of said bonds;
NOW, THEREFORE, IT IS ORDERED, as follows:
1. That all written bids received for the purchase of said bonds,
excepting the bid herein stated, be, and they are hereby rejected, and
_that said bonds be, and they are hereby ordered sold to Miller & SchroecLer.
Municipals, Inc. , as the highest responsible bidder therefor,
said sale to be subject to all of the terms and conditions set forth in
the Notice of Sale of said bonds and in said accepted bid.
2. That the City Treasurer be, and he is hereby directed to have
said, bonds printed, and that the same be immediately signed, sealed and
delivered to said bidder on receipt of the amount therefor and upon the
performance of the conditions contained in said written offer.
3. That the interest rate of said bonds be, and the same is
hereby fixed at the rate stated in said bid.
PASSED AND ADOPTED at a regular meeting of the City Council of the
City of Cupertino this 4.th day of December, 1972 by the following vote:
AYES: Councilmen- Jackson, Meyers, Sparks, Irwin
NOES: Councilmen- None
ABSENT: Councilmen- Frolich
APPROVED:
ATTEST: ayor, Cit of Cupertino
(Pro Tempore�
ity erk