CC Resolution No. 3873.11 ~~ESOLUTION N0. 3873.11
~ A.RLSOLUTION OF THE CITY COUNCIL UI' THF CITY OI+ CUPFRTINO
AWARDING SALE OI' BONllS FOR VAT~LCO PARK
ASSESSMENT.DISTRICT 1974-2 - F1RST S~LIs
RESOLVED, by Lhe City Council of the City of Cupertino, California,
that '
~ WHEREAS, pursuant Lo Resolution of InLention No. 3873•2 ado~ted by
this Council on March 17, 1975, said Council has received a proposal Lo
purchase $]_60,000 First Sale of bonds to be issued to represent uripaid
ass~ssments to be levied pursuant to sa'id Resolution of Intention;
NOW, THERFFORE, IT IS ORDERED, as follolas: ~
~ l. That said first sale of bonds be, and they ar.~ hereby or~dered
sold to Ston~ & Youngberg, said sale to be subject to a11 of ~;h~ terrns
and conditions set forth in said accepted bid.
That the City Treasurer be, and he is hereby directed to have
said bonds printed, and that the same be imrnediately signed, sealed
~ and delivered ~;o said bidder on receipL of i,he amount therefor as above
~ stated, anci upon ~he perfol°rnance of the condiLions conLain~d 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 Cit.y Council of '
, the Ci~y of Cupe~_~tino this l8th day of November, 1975, by the f. ollow-
. ing vote : ~
' Vote Members of Lhe Ci.ty Council
. AYE S: Frolich, Meyers, Nellis, Jackson
~ NOES : ~
None
ABSENT : Sparks
ABSTAIN :None
~ ~ APPROVED:
~ ~ James'E. J~,rkson ~
ATTEST: Mayor, Cit,y of Cupert;ino
/s/ Wm. E. Ryder ~
City Clerk ~
r j- . .