CC Resolution No. 3875.20 -
WJML:KIJ:v 2/3/77/2
RESOLUTION N0. 3875.20 ~
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CUPERTINO AWARDING $3:63,379.22 SECOND, SALE OF
~ BONDS VALLCO PA~RK.ASSESSMENT DISTRICT 1974-4
RESOLVED, by the City Council of the City of Cupertino,
California, that ~
WHEREAS, pursuant to Resolution of Intention No. 3875.2
adopted March 17, 1975, said Council has received a proposal to
purchase $3:63,379.22 Second Sale of bonds to be issued to represent
unpaid assessments levied pursuant to said Resolution of Intention;
NOW, THEREFORE, IT IS ORDERED, as follows:
l. That said second 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 there-
for 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 gth day of February, 1977, by the
following vote:
Vote Members of the City Council
AYE S: Frolich, Jackson, Nellis, Meyers
NOES : None •
ABSENT : 0' Keefe
ABSTAIN: None
APPROVED:
/s/ Robert W. Meyers
ATTEST: Mayor, City of Cupertino
/s/ Wm. E.'Ryder
City Clerk