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RESOLUTION NO. 62-111 <br /> <br />RESOLUTION OF THE CITY COUNCIL OF <br />THE CITY OF SANTA ANA <br />AWARDING $ 3,000,000 BONDS OF <br />SAID CITY TO THE BEST BIDDER AND <br />REJECTING ALL OTHER BIDS. <br /> <br /> WHEREAS, at the time and place fixed for the <br /> <br /> opening of bids for the $ ~,000,000 bonds of the <br /> <br /> City of Santa Ana , California, designated <br /> <br />"1~62 WATER ..P~E BONDS, SERIES <br /> <br /> and numbered ~ to 5,000 , both inclusive, all <br /> <br /> bids were publicly opened, examined and read, and a tabu- <br /> lation thereof has been entered in the minutes; and <br /> <br /> WHEREAS, the bid of the bidder hereinafter named <br />is the best bid made by a responsible bidder for said bonds; <br /> <br /> NOW, THEREFORE, the City Council of the City of <br /> <br /> Santa Aha , California, DOES HEREBY RESOLVE, <br /> <br />DETERMINE AND ORDER as follows: <br /> <br />Section 1. That the bid of <br /> <br /> Blyth & Co., Inco and Associates <br /> <br />offering: <br /> <br /> $ ..... 3~000~000 <br /> <br /> $ 1,68o <br /> <br />and accrued interest to date <br /> <br /> (Par N~Ot~'~TE~I$~T~) <br /> Premium, <br /> <br />of delivery for bonds <br /> <br />bear- <br /> <br />ing interest payable annually the first year and semi- <br />annually thereafter at the rate(s) of: <br /> <br /> Rates Years <br /> 43/4 % 1964 to 197~ <br /> 3 3/4 % 1972 ~m~ <br /> <br />  1973_.~_ to 1977 <br /> 19~ to 19 ~0 <br /> 19~1 to 19 82 <br /> 3°60 % 1992 ......... <br /> <br /> <br />