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RESOLUTION 63-213 OF THE CITY COUNCIL OF <br />THE CITY OF SANTA ANA AWARDING $2,000,000 <br />BONDS OF SAID CITY TO THE BEST BIDDER AND <br />REJECTING ALL OTHER BIDS <br /> <br /> WHEREAS, at the time and place f/xed for the opening of <br />bids for the $2,000,000 bonds of the City of Santa Ana, California, <br />dgsignated "1962 Water Revenue Bonds, Series B" and numbered <br />Bi to B400, both inclusive, all bids were publicly opened, examined <br />and read, and a tabulation thereof has been entered in the minutes; <br />and <br /> <br /> WHEREAS, the bid of the bidder hereinafter named is the best <br />bid made by a responsible bidder for said bonds; <br /> <br /> NOW, THEREFORE, THE CITY COUNCIL OF THE CI~f OF SANTA ANA, <br />CALIFORNIA, DOES HEREBY RESOLVE, DETERMINE AND ORDER as follows: <br /> <br /> SECTION 1: That the bid of BLYTH.& CO., INC. and associates <br />offering par, accrued interest to date of delivery but no premium <br />for bonds bearing interest payable annually the first year and <br />semiannually thereafter at the rates of: <br /> <br />Rates Years <br /> <br />43/4% <br /> <br />1965 to 1973 <br /> <br />3 1/2 % 1974 <br /> <br />3.30 % <br /> <br />1975 to 1984 <br /> <br />3.1/2 % 1994 <br /> <br />is the bid for said bonds yielding the lowest net interest cost. <br />Said bid is hereby accepted and the bonds awarded to said bidder <br />in accordance with the terms of its proposal. <br /> <br /> SECTION 2: That all bids other than the one accepted in <br />Section 1 hereof are rejected and the Clerk of the Council is <br />directed to return the checke accom%panying said rejected bids to <br />the respective bidders. <br /> <br /> SECTION 3: That the interest rates on said bonds are hereby <br />fixed at the rates stated in Section 1 hereof. <br /> <br /> SECTION 4: That the City Treasurer is hereby directed to <br />deliver said bonds to the successful bidder upon the payment there- <br />for and accrued interest to date of delivery, if any. <br /> <br /> PASSED AND ADOPTED by the City Council of the City of Santa <br />Ana at its regular meeting held on the 16~h/~ay of December!.,~__~1993; <br /> <br />CLERK OF THE COUNCIL pi/ ~CE-~AYOR/ <br /> <br />STATE OF CALIFORNIA) <br />COUNTY OF ORANGE ) SS <br />CITY OF SANTA ANA ) <br /> I, DORIS M. BROWN, do hereby certify that I am the Clerk of <br />the Council of the City of Santa Ana; that the foregoing Resolution <br />was regularly introduced to said Council at its regular meeting held <br />on the 16th day of December, 1963, and was at eaid meeting regularly <br />passed and adopted by the follOWing vote, to wit: <br /> <br />COUNCILMEN: <br />COUNCILMEN: <br />COUNCILMEN: <br /> <br />AYES, <br />NOES, <br />ABSENT, <br /> <br />Harvey, GiLmore, Schlueter, Hubbard <br />None <br />Hall f-', <br /> <br /> CLERK OF THE COUNCIL <br /> <br /> <br />