HomeMy WebLinkAbout1980 Resolution No. 015...
• RESOLUTION NO. 15
SERIES OF 1980
•
•
A RESOLUTION AUTHORIZING THE SALE OF GENERAL OBLIGATION WATER
BONDS, SERIES OP 1980, OF THE CITY OF ENGLEWOOD, COLORADO, IN
TD PRINCIPAL AMOUNT OF $1,300,000 TO IMPROVE AND EXTEND WATER
SYSTEM.
WBBRBAS, in order to provide funds for the cost and expenses
of extending and improving the municipal water system of the City
of Englewood, the City Council has determined to issue General
Obligation bonds for water purposes1 and
WBBRBAS, notice of the sale of bonds in the principal
amount of $1,300,000 has been published in the time and manner
required by law1 and
WBBRBAS, a copy of the notice of sale has been forwarded to
investment banking firms, banks and others who might bid on the
issue of bonds1 and
WBBREAS, all bids for the purchase of the bonds which were
received prior to 2:00 P.M. on Monday, April 21, 1980, have been
opened and tabulated and considered by the City Council1 and
WHEREAS, it is in the best interest of the City to issue and
sell said bonds to United California Bank, Los Angeles, California
the best bidder therefor, in accordance with their proposal.
NOW, TBBREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF ENGLEWOOD, COLORADO, AS FOLLOWS:
1. That General Obligation Water Bonds, Series of 1980, of
the City of Englewood, in the principal amount of $1,300,000, be
issued and aold to United California Bank, Los Angeles, California
the best bidder for the purchase of the bOnds.
2. That the City Council and officers of the City of
Englewood are authorized to do any and all things necessary to
complete the delivery of the bonds to the purchaser thereof.
APPROVED AND ADOPTED this 21st day of April, 1980.
~~~~
.. Mayor
Attest:
.....
ex~o~c<lrit~
I, Gary R. Higbee, ex officio City Clerk-Treasurer of the
City of Englewood, Colorado, hereby certify that the above is a true,
accurate and complete copy of Resolution No. 15 , Series of
1980.
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