|
CITY OF Nn~t'CH ftLMSTED
<br />1CBSt?LUTION Nn . 66 - 306
<br />By : ~GQ
<br />RE3OLiTY`I',t1N AiiARDING FIVE IS~L?FS ,~H RONDS Tt1
<br />TAE HI(~EST HI3fD~R, AND DEGT.ARI Nr AN F,iNL?RGENCY .
<br />id~~3, the 15th daV of November, 196E~, bids. were re-
<br />dived for the purchase of $`70,Sf?4 Garbage Trucks Rands, X18,000 '~ncipal
<br />Bus Purchase Roads., S55,E}U0 City Hall Site Expansion Bcr~-'s, 5~6,68p Water
<br />Main Bonds an+3 554,254 Sde~ialk Improvement Bonds autt~;~r_izF~d 'sir ~1rdi.nances
<br />Ho. 66-292 to Eft-ZA$, inelua~ive, passed October 18, 1966, r"e~ln~ains~ due
<br />advertitenent of said bonds for public sale in accordance ~~itr 1_a~ , ~o~;.c;t-_
<br />bids were as follogne
<br />Amouatt of Bonds
<br />Nam of Bi~tr B~.e!_ For Iateres; '~te pry
<br />~+.. ..~_ . ..-.r.~.~..~. _....~ ~ ~ Ifl ~. l1Tc
<br />Ma~wre i eo $ 290 , 434 . t?0 4 3 ~ ~+ 9131.00
<br />Se~ad i 3+~nysr $294,4.00 4 5/8 524,85
<br />Fa- t~-~r'k $294,43a.U0 4 5/8 244.U0
<br />Wit. $294`430.(30 4 1/2 9T9.OU
<br />~~ ~tiwx $29'0,430.00 5 958.42
<br />SEAS, the bid of _
<br />has baen detesrmi.sed to be tht highest bi o~ sa dads batsee! uvoa~ the
<br />loastt rate a€ interrest;
<br />~ i~tLgCflt~, BE iT R830L9~! bq the Council of the City
<br />era Borth +~1t+ed, C+tgaho~a Caunty, Ohio
<br />~gCtie~ 1, ?hat the $70,500 Garbage Trucks Bonds, $18,Ct00
<br />iezigaa Bus Purdtase: $550~Ki Citq ~2l Site Eup~tasioa Dots,
<br />~i6l1A Nat~r Mean 3catt ~! $x,250 3id~rs;l~ I~arove~nt Bonds a~athoria
<br />hrdia~tce~e l~toa. 6b-392 Ca 66-296, inclusive, passed October 1B, 19b6,
<br />turit~, ~ prr~~rided is ®ald ordinances and baarin~ an interest raft of
<br />~~ ~t o~u-Mali (4~~./2) ~~ ,der centu~ per ann+Ee~, be and
<br />t'~+rw~ are heere6q ar~-areled ~d scald to McDr~u~d & Co.
<br />.~.-.w.._.,.~._....~ _ ~ ._,,
<br />C3a~tla~ , t'Btio, in accordance with the notice bf sale
<br />thal~r did ray said bar~rr. .
<br />Hee~titm 2. ,'mat the Mrector of Finance be knd he 3s hereby
<br />autt~~ directed to ate said bef~gds to be printed f~trth~rith arad
<br />ths~ to have tt~e satlt executed and e5elivered, ta~ether with a :true
<br />tx~~rtettgt esf tt-e procesdr~~i atuthorisi said bands to said successful
<br />'1-te~dez uP~ paytt of tha arosnrutit bid, plus accrued interest to date of
<br />s~llYS~r~r.
<br />l~~cteea 3. That the Director of Finance is hereby a~uthc~rixed
<br />dirsctsd to certify a eopp of this resolution to the Auditor of Cuyaha~a
<br />Ceuttty accoretnq to law.
<br />i4ec. &. This resolution is hereby declared to E.+e an ers;ency
<br />o~tsure neeaesaxy fear the rdiate preservation of the public peace, health,.
<br />t{tfltT reelfare ®~ thrt ~ltv, the necessity fnr such emergency action being
<br />that ttu #~ate iaaww aa~c1 sale of the bonds hereby authorised is neces-
<br />Mrp tea prv+ri+5e s to arti:~-le the Citv to retire notes issued in anticication
<br />x4steh heart or srt about to mature Rnd thereby t~reserve the credit cf
<br />thlt Cit'!~; yrltersfore, thaat resolution shall.. be in full force and effect from
<br />aaa~ frtwedi~lt/tel~r aftsr it~t passage sad approval b.,r the Mayor..
<br />lttisaed ~ // , 1966
<br />A1~#`ilSiT
<br />Markattet T. tii~t, Clerk of Council
<br />APPROVED:
<br />Francis .I. (~''~ei ~.] , P; ~c , ._
<br />~~ .. _ 1
<br />_ __..._. ~ __ _~ _ ____}w._...._._ _ _. ~ ..__... _._ _ .
<br />Ralph F. ~>>rt_st ;~ r ?''~*rc~r
<br />
|