HomeMy WebLinkAbout1987 Resolution No. 015RESOLUTION NO, /5
SERIES OF 1987
A RESOLUTION AWARDING THE CONTRACT FOR THE PURCHASE OF SPECIAL
ASS ESSMENT BONDS IN THE PRINCIPAL AMOUNT OF $586,000, FOR PAVING
DI ST RICT NO, 32, IN THE CITY OF ENGLEWOOD, COLORADO,
WHEREAS, in ot·d e t· t o pt·ovide fund s for the const r uction
a n cl in s tallati o n o f strne t p av ing, cu rb and g uttei: and sidewalk
i~•r o v e me nt s , together with n e cessary in c i d entals, the City
Coun c ,l ~.as dete t·mined to issue spe ci a l as se ssment bonds of the
City ·.,.,._. Paving Distd ct No , 32; and
WH EREAS, notice of the s a le of bonds in the principal
amount of $586,000 has been published in the time and manne r
requir ed by law; and
Wli f.R EAS, a c o py of the notice of sale has been foi:warded
to inves tment banking fit·ms, bank s and others who might bid on the
i s su e of bond s; and
WHEREAS, all bids for the purchase of the bonds which
wet·c received prior to 2:00 P.M., on Monday, May 18, 1987, have
been o µ~r,e d and tabulated, and con ~idered by the City Council; and
WHEREAS, it is in th~ best interest of the City to issue
and sell
the b e s l
said bonds to'ffet<Wk /}JHr,: 9-(1·~.' Denver, Colorado,
bidder therefor, in accot·dance with t eir proposal;
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ENGLEWJOD, CC'T.ORADO:
1. Award of ~-That special assessment bonds of
the City of Englewood for Paving District No, 32, in the pdncipal
amount of $586,000, be issued and sold to~k.uy /}?..,,,,.,. ,__ t'~-'?Ur:f"
De nver, Colorado, the best bidder for the put·chase of the bonds,
-47 -
2. Delivery of the Bonds. That the City Council and
officers of the City of Englewood are authorized to do any and all
th I ngs necessary to complete the deli ve t·y of the bonds to the
purchaser thereof.
19 87.
RESOLUTION ADOPTED AND .',!'PROV E D This 18th day of Ml\',
( S E A L )
ATTESTED:
City Cle t·k