CC Resolution No. 3871.08 ~ WJy1L:KJrih 6-30-75-12
RESOLUTION N0. 3871.8
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CUPERTINO AWARDING ~5i5,000 FIRST SALE OF BONDS
VALLCO PARK A~SESSMENT DISTRICT 197U-1
RESOLVED, by the City Council of the City of Cupertino, California,
that ' '
WNEREAS, pursuant to Resolution of Intention No..3871.2 adopted by
this Council on March 17, 1975, said Council has received a~~roposal to
purchase $515,000 First Sale of bonds to be issued to represent unpaid
assessments to be levied pursuant to said Resolution of Intention;
NOW, THEREFORE, IT IS ORDERED, as follows:
1. That said first sale of bonds be, and they are hereby ordered
sold to Stone & Youngberg, said sale to be subject to all of the terms
and conditions set forth 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 as above
stated, and u~on the performance of the conditions contained in said
written of'fer.
3. ..T::at the interest rate of ~aid bonds be, and the same is
hereby fixed at the rate stated in ~aid bid. ~
PASSED AND ADOPTED at a regular meeting of the City Council of
the City of Cupertino this 7th day of July, 1975, by the following
vote:
. , : ~
Vote Members of the City Council ~
~ AYES : Frolich, Meyers, Nellis, Jackson
. NOES : None
ABSENT Sparks
ABSTAIN : None
APPROVED:
i~~.._-~-C
, ~z~
ATTEST: A9ayor, City o rtino
City lerk .