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Resolution No. 1642 <br />By Mr . Baustg ardn sr <br />A RffiOLI~i'IDN <br />ACCFFI'IDTG THE BID OF FAHSY ~c CLARK FOR THT.a MtTNICIPAL BII3 ~ARAQB <br />ADI3ITIQN BC1~']JS A1~T1~ RT~CFt~A~ItY1AL Lt~iD BtYTDB BIN'S 113'~T AT 2 <br />MHE~S the C©uncil crf the Village of Nt~rth almsted did <br />an the 6th day of d'~ara, 1~iS0, receive bids far ~2E,50fl.40 <br />Mu~.icipal Bu.s aarage Additi©n. Bands bearing interest at ~~ au.d <br />~4104.0v 8eareatienal Land Bands bearing interest at 3~, and <br />the f011mring bids, at par and accraed interest, rote received: <br />Roose do Company, interest at 2-3~4~, premium X161.04 both <br />issues, <br />Ryan,Sutherland & Co., interest at 3~~, pa~®aet X1.80 fmr <br />Rearoati~aal Laa~d Bands end #ntorost <br />at 2-3f 4~, promi~ x€38.85 en Municipal <br />Bus aerage AdditioA Buds, <br />Fahey & Clark, interest ~, prenirm 135.4C! fc:r the M~icipal <br />Bns Garage Add3t i€rt Bawds and interest <br />at 2, premier of 14.04 Par the <br />Recreational Land Bonds, <br />aired <br />1PB~RMA9 this Council believes it roul.d be to the best <br />intere+~ts of the pillage to accept the bid oP Fahog & Clark, <br />they being the best bidders; nor, therof®re, <br />BB IT BB60LVF~D by the Council of the Village of North <br />Olmsted, State of Ohi©: <br />3oetivn 1. That the bid of Fahey & Clark far the <br />X22,500.04 Municipal Bus garage Addition B+~.ds boar3ng interest <br />at the rate ®f 86 per ~, at pot and aedrr:ed iratorost, plus <br />a premiunn of 135.04, and. the X4100.00 Bedroativasal Lsnd Bends <br />b oaring eat ores t at 2 pot annum, at par ar~d a a eru ed interest, <br />plea a pro~i~ of ~`i14.04, be, and the same is horobg acEOpted <br />and said bands are hereby ararded to Fahey ~c Clark. <br />Section 2. 3'hat the rate of interest an said bands shall <br />be 2~~ per a~vsa in accordance rith s aid bid. <br />Section ~. The Clerk be and he is hereby authori$ed <br />and directed t0 certify a copy of this resolution to the County <br />Auditor. <br />3eation 4. This resolution shall take effect and be in. <br />force from and after the earliest period allorod by lat. <br />Passed: Juan.e 6, 1950. <br />~..-__. _ <br />syo r <br />/o n, <br />V <br />o <br />V\ <br />y~ <br />