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RESOLUTI01~ N0. ~ (~~~ <br />gy; ~ ~~ rIESOLUTIOIJ ACCEPTING ~l'HE BLL <br />GN, I~:YAl~ , SUTHERLAND & COUIPAI~IY <br />r~'Ol~. BOi`1D S . <br />'~vi-irtLaS, the bids were duly received for the following bonds: <br />City of i~ortrr Olmsted u~ater Main Improvement <br />~3onds - X49 , l SG .OG <br />City of North Olmsted ti~iaple N.idge N.oad Sidewalk <br />T~nprovement .ponds - ~&,550.00 <br />and <br />`~'~riEREAS, said bids were as follows: <br />R~Tan Sutherland ~ Company -Premium X291.00 at 3-3/4% <br />plusjaccrued interest, for City of North Olmsted dater <br />1~ain Improvement .Bonds. Premium X51.00 at 3-3/~.%~ plus <br />accrued interest, for City of lvortri OLnsted Maple Ridge <br />goad Sidewalk Improvement Bonds. <br />li'irst Cleveland Corporation -Premium X163.00 at 4~~ <br />plus accrued interest. Combined bid for City of Tyorth <br />Olmsted `uvater lY1Tain Improvement i3onds and ~apie Ridge <br />Road Sidewalk Improvement .Bonds. <br />Seasongo odd Mayer - Premium X132 . ~S5 at ~.-1/4%~ plus <br />accrued interest, for City of i~iorth Olmsted ovater <br />~~Iain Improvement Bonds. Premilun X23.$5 at l~-1/~.~° <br />plus accrued interest, for City of i~torth ulmsted <br />v'Iap1e Ridge Road Sidewalk Improvement Bonds. <br />~~~HL~=iE~S, this Council believes i.t would be tQ the best <br />interests of the City to accept the bid of Ryan, Sutherland 3c Company. <br />1v0tiu , `l'HrI.Er'O.-iL , t~E IT rtESULVEI~ sY ThE COUivCIL 0:~ '1HE ;ITY <br />0i 'd01~'1'H Ol.,~'I~~l'Ei~ , Oi-IIG <br />Section 1. That the bid of t~yart, Sutherland Company for <br />the above mentioned bonds, which total ~~57,700.00 and bearing interest <br />at the rate of 3-3/~.% per annum at par and accrued interest, plus <br />a premium of X342.00, be and the same is hereby awarded to Ryan, <br />Sutherland ~: Company. <br />erection 2. That the rate or' interest on said bonds sha11 be <br />3-3/4% per annum in accordance vaith said bid. <br />Section 3. `lhat the Clerk of Council be and is hereby <br />authorized and directed to certify a copy of this resolution to the <br />County kuditor, <br />Section t~.. This resolution shall take efzect and be in force <br />from and after the earliest period allowed by law. <br />PASSED : June ,~ , 1953 <br />~,. <br />t~1TEST: r ,~ <br />:t <br />~ _~, <br />E. 1°'t. Christman, Glerk of Counci: <br />.__.,;~GVEli <br />A,. r', <br />arence J att, iViayor <br />rms~ n., .. ~~ . ~ , <br />,~,~ ~ .__ ,~,~,.,,_,,.,..r <br />