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<br />
<br />J ~ RE80LVI'I QIf NO.~•~ ~~+
<br />RRSOLUTIOW AWARDING I3SU1~8 OF M[TNICIPAL BU6
<br />PURCF~0.3E B0It1E1~B, SIDEWALK BONDB AND FORTH
<br />PARK WA'~!R MAI1'i< 9ONDS, AND DECLARING AN
<br />Et~RGB1K'7f .
<br />WH>~S, orr the 1st day of March, 1965, bids were received for
<br />the purchase of X53,900 Municipal Bua Purchase Bonde authorized by
<br />Ordinance ro. 65-29, X11,365 Sidevslk Ronda authorized by Ordinance IVo.
<br />65-30 a~ 11,155 Morth Phrk Water Mein Bonds authorized by Urdinance
<br />No. 65-31, all of said ordinances having beau passed on lebruary ~, 1965:
<br />following due advertisement of said bonds for publi,: sale in accordance
<br />with law, Which bids acre as follaws:
<br />Amount of Bonds
<br />Name of Bidder Bid Fur Interest Rate Premium
<br />Ryan Sutherland ~ Co X76,420.00 3 3/8% $79.00
<br />McDonald ~ Co. 76,420.00 3 3/8°6 -0-
<br />Fi~yden, Miller 6. Co. 76,420.00 3 1/2% $158.00
<br />WI~REAS, the bid of Ran Sutherland ~ Co. ha:~
<br />been determined to be the highel~~"or sa fonds ~se~n ~ of west
<br />rate of interest;
<br />NOi/, TfIEREF'(1FiE, BE IT RE30I,VED by the Counci of the City of North
<br />O.Lmsted, Cuyahoga County, Ohio
<br />Section 1. Thgt the $53, 9C)v Mruiici~l Bus Purchase Bonds , i~f the
<br />City of North OLnsted, Ohio, authorized by Ordinance No. 65-29, $11.,?b5
<br />Sidewalk Bonds, authorized by Ordinance No. r~5-~0, and $li.t5S Nortti-'8rk
<br />Water Main Bonds, authorized by Ordinance No. ~~-31, all. of said ordinances
<br />having been passed on irebrunry 2, 1965, maturing as provided. in said orditfl~nces
<br />and bearing an interest rate of 3 3/8 per cent~sm,
<br />be and they are hereby e-warded an so to yan u er an ~. o.
<br />Ohio, in accordance w2th the notice of sale and tlze~r-~~d or sa ~ Toncs.
<br />;3ection 2. 't'hat the Clerk of Council he and he is hereby authori~aed
<br />and directed to cause said bonds to be printed forthwitF: an~~ thereupon to have
<br />the same executed and dellvered, together with a tare transcript ~~f the proceeding..
<br />authorizing said bonds, to said successful bidder upon payment c~f° the amourt bid,
<br />plus accrued interest to date of delivery.
<br />SPCtior ~. That acid Clerk is hereby al~tt]ori • ~d sr,~ ~:ir~c.~4~d
<br />certi fv a copy of the s re5oution to the Auc~{.t::~r ~f "t;yFr.,`;~5: ~~,,;r;t , a^: >z- ~ a.° f,
<br />to lax.
<br />S!!ctio^ ~. This resol_trtior. is heret;,~ dQ^larc~. ~ he as-•; Fmer~t~.~ ~4
<br />?t1C'89lrrC ~ Rf-tt"(~ ` ~' ' :,, "~!'CP639ry f r ~ p ~ ,.. ,i a }.~ ~
<br />~, .e o th._ rese. rr~tt.~. oaf ,,, t ul , . pes~~ve
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