CC Resolution No. 3873.23 ~ WJML:RJ~n 10/25/77/2 .
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~ RESOLUTION N0. 3873.23
A RESOLUTION OF THE CITY COUNCIL.OF THE CITY OF
CUPERTINO AWARDING SALE OF BONDS ~
SECOND SALE
VALLCO RARK ASSESSMENT DISTRICT 1974-2
RESOLVED, by the City Council of the City of.Cupertino,
. California, that ~ ~
WHEREAS, in proceedings~being conducted by this Coun~c~il
pursuant to Resolution of Intention.No:~3873.2, adopted by said
Council on March 17, 1975, the public convenience, interest and
necessity require sale of bonds i.n the amount of $ 1,200,000
WHEREAS, in the opinion of this Council said bonds should
be sold at private sale; and ~
WHEREAS, a written offer to purchase said bonds, dated
November 7, 1977, has been received from Stone & Youngberg;
NOW, THEREFORE, IT IS ORDERED as follows:
1. That said offer for the purchase of said bonds be, and
is hereby, accepted, and that said bonds be, and they are hereby,
ordered sold to Stone & Youngberg, said sale to be subject to
all of the terms and conclitions set forth in said accepted offer.
2. That the Treasurer be, and 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 offer.
3. That the interest rate of said bonds be, and the same
is hereby fixed at the rate stated in said offer.
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PASSED AND ADOPTED at.a regular meeting of the City Council
of~ the City of Cupertino this 8th day of November , 1977, by
~ the following vote:
Vote Members of the Council
AYES: Jackson, Meyers, 0'Keefe, Nellis '
NOES : None
ABSENT : Frolich
ABSTAIN: None
APPROVED:
/s/ Kathy E. Nellis
Mayor, City of Cupertino
Pro Tempore
ATTEST: ,
/s/ Wm. E. Ryder
• City Clerk ~
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