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c <br />CITY OF 1V(3RTH OLI~STED <br />RESOLU'fSON 1903. ~~~, <br />~. 1',~amert <br />t <br />.~. <br />RESOL>trie~ At~tARD~ AB TSSVi~ OF $3~5,00o SAaZ.'TASY <br />SEWER BOBDS TO TAB BIt~f~ST BIt3DBR, Al®3 <br />DSCLARIIG A11 ~Y. <br />Wf~REAB, on the ~+th day of December, 1973, bids were received for <br />the purchase of $3+5,000 Sarri.tary Sewer 3~prcverertt Bonds authorized by <br />Ordinance No. ?3-136, passed 19ovember ?, 19?3, following due advertiseaent <br />of said bonds for public sale in accordance with law, which bids were as <br />follows: <br />Amount of Bonds I'xrterest <br />Piame of Bidder Bid for Rate .~- <br />$345,000 <br />Roose-Wade & Co. 5 1/4% $ 631.35 <br />McDonald & Co. 5 1/4% 1,175.00 (best bid) <br />Magnus & Co. 5 5/8% 826.60 <br />Seasongood & Mayer 5 1/2% 2,910.55 <br />WF~ftEAB' the bid of <br />has been determinsr3. to be the ig st or oriels hp©n <br />lowest rate of interest; <br />NCW, T~E28FY3R8, BE IT RffiOLVED by the Council of the City of 1~rth <br />Olmsted, Cuyahoga County, Ohio: <br />Section 1. That the aforesaid $3~+5,OOO Sanitary Sewer I~oaprovement <br />Bonds authorized by Ordinance No. ?3-136, passed er ?~ 19?3, maturing <br />as provided in said ordinance and bewaring interest at the rate of ° <br />per centum per annue, be and they are re <br />ewer a sol to M o ald & Co. <br />of ~,jevel_and ~ o• <br />Section 2. That the Director of Fine~n~ce be anti. he is hereby <br />authorized and directed to cause said bonds to be printed forthwith encl. <br />thereupon to have the same executed and. delivered, together with a true <br />transcript of the proceedings authorizing said bonds to said successful <br />bidder upon payment of the par value thereof, plus the aforesaid premium <br />and. accrued interest to data of delivery. <br />Section 3. That the Director of Finance is hereby authorized anti. <br />directed to certify a copy of this resolution to the Auditor of Cuya1"u36a <br />County according to law. <br /> <br />