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HomeMy WebLinkAbout57-224RESOLUTION NO. 57-224 DIRECTING THE CLERK OF THE COUNCIL TO PUBLISH NOTICE INVITING SEALED PHOPOSALS FOR THE BONDS OF VEHICLE PARKING DISTRICT NO. I OF THE CITY OF S~TA ANA WHEREAS, certain unpaid assessments against eighteen separate parcels of land in Vehicle Parking District No. i of the City of Santa Aha have been certified to and filed by the Director of Finance, and an Ordinance to provide for the issuance of bonds to cover said assess- ments has been introduced, considered and passed to second reading; NOW, THEREFORE, BE IT RESOLVED AND ORDERED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA AS FOLLOWS: Section 1. That said bonds in amount of $58,491.28, be sold to the highest responsible bidder for cash, and that sealed bids or proposals for the purchase of said bonds shall be received up to the time stated in the notice made a part hereof. Section 2. That the Clerk of the Council is hereby directed to publish said notice by giving the same two publications in The Santa Ana ReEister, a newspaperiof general circulation in said City, the first publication to be at least ten (10) days before the 16th day of September, Section 3. Council shall be 1957 · The Notice so to be published by said Clerk of the substantially as follows: NOTICE INVITING BIDS ON EIGHTEMN BONDS IN THE TOTAL AMOUNT OF $58,491.28 OF VEHICLE PARKING DISTRICT NO. i OF TME CITY OF SANTA ANA NOTICE IS HEREBY GIVEN that sealed proposals for the purchase of eighteen bonds in different.amounts as hereinbelow set out, in the total amount of $58,491.28, will be received by the City Council up to the hour of 7:30 O'clock P.M., California Daylight Saving Time, on Monday, September 16, 1957, a regular meeting of said City Council, and the time and place of opening said proposals. Said regular meeting will be held in the Council Chambers, in the City Hall, Third and Main Streets, Santa Ana, California. Said Proposals may be mailed, addressed: City Council c/o Mrs. Erma Hunter Clerk of the Council 303 City Hall Santa Ana, california Eighteen bonds sh~l be issued, a separate bond representing upon each lot or parcel of land the total amount of the assessment against said lot or parcel ~ land as shown on the list of unpaid assessments. Bond Number Assessment Number Amount of Bond i 4 9,657.55 2 5 389.02 3 6 4, o51.72 4 8 3,666.09 5 9 2, 97o. 92 6 12 2, 59o. 13 7 lB 2, o41.43 8 15 5,117.66 9 16 1,558.o8 lO 18 4,33o.84 ll 19 5,3o4.o7 12 20 2,662.37 13 22 2, oo~.5o ~4 25 3,952.02 ~5 26 4265.56 16 3o 2,548.9o 17 31 3,8z4.52 ~8 33 569.9o A Total or $58,491.28 Said Bonds bear interest at the rate of 6% per annum, payable semiannually; the principal is payable in ten (10) annual install- ments, both principal and interest payable in lawful money ~ the United States at the office of the City Treasurer, in the City Hall, Santa Ana, California. -2- Said Bonds are callable upon the payment of 3% of the prin- cipal then due, and are snthorized to provide a parking lot under the provisions of the Vehicle Parking District Law of 1943, Division 18 of the Streets and Highways Code of Califorr~ia. Said Bonds are secured by and constitute a lien upon individual parcels of real property located in ssid Parking District which is located in the Northeast quarter of the Central Business District in ssi d City and is bounded by Main Street, on t~e West, Seventh Street on the North, Spurgeon Street on the East and Fourth Street on the South, and are pa~able exclusively f~om the assessments assessed against the particular parcel against which said Bond is a lien. Each Bond will be sold for cash, and for not less than the amount of the assessments represented by the Bond. Each bidder his proposal shall state/in teens of a net bid. Bonds will be awarded to the highest responsible bidder or bidders. The highest bid will be de- termined by deducting the amount of the principal of the bond from the bid amount to determine the premium bid (if any) and the highest premium bid will be determined to be the highest bid. The City reserves the right, iR its discretion, to reject any and all bids and to the extent not prohibited by law to waive any irregularity or informality in any bid. Said Bonds will be delivered ~.t the office of the City Treas- urer~ City Hall, Santa Ana, Califor~%ia. Each proposal shall be accompanied by a certified or cashier's check o~ a resDonsible bank or trust co~pany in amount of 3% of the principal amount of the pI'oposal, payable to the order of the City as a guaranty that the bidder, if successful, will accept and pay for said Bonds when the City shsll tender them f Or delivery. The proceeds of the check accompanying any accepted proposal shall be applied to the purchase 'price or, if such proposal is accepted and not performed, unless such fsilure to perfoEn shall be caused by an act or omission of the City, shall then be retained by the City. The check accompanying each unaccepted proposs1 ~ill be returned promptly. The successful bidder shall have the right, at his option, to cancel the contract to purchase if the City shall fail to execute and tender the Bonds for delivery within thirty days from date of sale and shall, in that event, be entitled to return of the deposit accompanying his bid. Each proposal, together with the bid check, must be in a sealed envelope, addressed to the City with the envelope and pro- posal clearly marked, "Proposal for City of Santa Ana Vehicle Parking District No. I Bonds" At the time of p~yment for the delivery of said Bonds will f~rnish the successful bidder a certificate that there litigation pending affecting the validity of Requests for information concerning the Mrs. Erma Hunter Clerk of the Council 303 City Hall · Santa Ana, California Given by order of the City Council of the City of Santa Ana, California, adopted August 19, 19~?. the City is no the Bonds. City should be addressed, Erma Hunter Clerk of the Council Santa Ana, California STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS CITY OF SANTA ANA ) I, ERMA HUNTER, do hereby certify that I am the Clerk c~ the Council of the City c~ Santa Ana; that the foregoing Resolution was regularly introduced to said Council at its regular meeting held on the 19th day of August, 1957, and was at said meeting regularly passed and adopted by the following vote, to-wit: AYES, COUNCILMEN: Royal E] Hubbard, Stanley C. Gould, Jr., A. A. Hall, J. Ogde~ Markel, Dsle H. Heiniy NOES, COUNC IL~EN: None ABSENT, COUNC IL~EN: ~one -4- Ana at its regular meeting held on t~he~lD~Jl~ay of August, ATTEST: CLERK OF THE COUNCIL PASSED AND ADOPTED by the City Council of the City of Santa