HomeMy WebLinkAbout1976 Resolution No. 003•
•
•
IU'.CllllllONNCI . I. ·.1u11·.n1 ,.,,,,
WHrtUA Ci , nt.,, ~J•rc1 n 1111un1 r.1J1nl rl ec tton duly cnllod nnd ho ld 1n
t he Ct t v of rnrilrwnod, Colorado, on Tur s dnv. OPcPmber 23, 1q75, the qualift~d
reg t s t e noeJ f!lt?C lo1·~ of the C lly dl'fn-ovt.o<l the quest1on of' 1ssu1nq general
oblt gatton bond s of th e Ctty 1n thr. pr1nctpal amount of $2,225,000 for the
purpose of constructfng a resfdence structurP of approxfmately 104 units,
for the elderly; and
WHEREAS, the Dfrector of Finance has ordered the notice of sale
for satd bonds to be published and advertised 1n accordance with the pro-
visions of the Ctty Charter; and
WHEREAS, btds were received on Decentber 30, 1975, in response to
satd Notice, and, tt appears that the btd of United Caltfornta Bank and
Assoc., satd btd being for not less than par, accrued interest and a pre-
mfl.91 of $ 135.40 ts the best btd for cash tn accordance with the Notice
of Sale.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF ENGLD«>OO, COLORADO, as follows:
Section 1.
That $2,225,000 of General Obltgatton Housing Bonds, Series 1976,
dated February 1, 1976, heretofore duly offered for sale by the City of
Englewood, are hereby awarded to United California Bank and Assoc., the
best bidder therefore, tn substantial compliance with the tenns and con-
dtttons of the Notice of Sale, dated December · 15, 1975, and 1nclud1ng the
details stated tn the btd of satd bidder.
Section 2.
That the Ctty Council and the officers of the City are authorized
to do any and all things necessary to complete the delivery of the bonds to
satd bidder.
ADOPTED Art> APPROVED this 5th day of January, 1976.
/va---
ATTEST:
~sum
I, Wtlltam D. Jmnes, ex offtcto Ctty Clerk-Treasurer of the City of
Englewood, Colorado, hereby certify that the above ts a true, accurate, and
cCJnplete copy of Resolution No. 3, Series of 1976 •