4834 - 71 Award 2 issues - hosp improvement bonds & street improve

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...[ ~OLUTION ~0. 4834 Messrs. Graber, Huffman, K~lley, Usher~ Ward, Wendling A JL~OLL"~ION priding for the awurd of two issues of 3800,000 ~{ospital Improvement Bonds. of 1971-1 and $300,000 Street Improvement ]krads of 1971 of tho City of Lakewood, Ohio. WHEREAS, after notice duly published as required by lay, bids h&va been received for the purchase of two issues of $800,000 City of Lake- wood, Ohio Hospital Improvement Bonds of 1971-1 and $300.000 City of Lake- rood, Ohio Street Improvement Bonds of 1971, which have been duly eathorized by Council, sad %flD~%EAS, it has been determine~that the bid of _ Ball, BurKe & _ Krsus ~[th Associates .. .. of ... Cl~lsnd. Ohio for sa~d bond~' ~h a p~ of ~ 6,743 ~d tO ~= ~ 'in~eres~ rate b~ed ~n the ~est ~te of ~te~st recei~ at such rate~ NOW, THkllE~ORE, l~ IT RAT~LVEDby the Council of the City of Lakevood, Ohio: . · ~eotion 1. That the aforesaid Hospital Improvement Bonds of 1971-1. and Street Improvement Bonds of 1971 of this City be and they are hereby awarded and sold to _ ~ Ball, Burge s~.~r~qs..wi~h Associates in accordance with the terms of their bid, said bonds' ~m~ear the rate of interest provtde~ in said bi~ an~ hereinbefore recited. See%ion 2. ~hat said bonds, al~erbeing dvlyexecutedsh-ll be delivered, tocetherwith a true transcript of the proceed/riga, by the Director of Finance to said successful bidder upon payment of the sum provide~ in the Bid aforesaid. Section 3. That the Clerk of Council is hereby' authorized and · treuted to deliver a cer~ifie~ copy of this resolution to the Auditor of C~ah o~. County. , Section ~, This resolution eh-~ %e in ~,~w force and effect hmae~tately upon its adoption. Adopted: 'Clerk of Counel~J/