CC Resolution No. 3875.13 ' ~ ' WJML:KJmh 1~-16-75-1~ ~
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~ RESOLUTION N0. 3875.13 .
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF , •
CUPERTINO A~VARDING $665,000 FIRST SALE OF BONDS _
~ ~ VALLCO PARK ASSESS11Ei~T DISTRICT 1974-4
. RESOLVED, by the City Council of the City of Cupertino, California,
. that .
jYHEREAS, pursuant to Resolution of Intention No. 3875.2 adopted
March 17, 1975, said Council has received a proposal to purchase
$5~65,000 First Sale of bonds to be issued to represent unpaid assess-
ments 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 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 5th day of January, 1976, by the"following vote:
~ Vote Members of the City Council
~ AYES: Meyers, Nellis, Sparks, Jackson
NOES : None ~ . ~
~ ABSENT : Frolich ~
' ABSTAIN: None ~ .
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~ APPROVED: .
. ~~/s/ James E. Jackson ~
ATTEST: . Mayor, City of Cupertino .
/s/ Wm. E. Ryder ~ , .
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. City Clerk . . ~ , ~ ~
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