1968/05/29 City Council Resolution (2)WJML:RFF lao 5/29/68 loc
RESOLUTION NO . L68-
L _53
A RESOLUTION DIRECTING NOTICE OF SALE TO BE GIVEN OF
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CITY OF R011-1NERT PARK SEWER REVENUE BONDS OF 1068,
FIRST DIVISION BONDS NUMBERED 11-5 TO 120, INCLUSIVE
IN THE TOTAL PRINCIPAL AMOUNT OF $5,000.00
CITY OF ROHNERT PARK
RESOLVED, by the City Council of the City of Rol-inert Park,
County of Sonoma, California, that
WHEREAS, this Council adopted on May 29, 1968, Ordinance
No® 103, An Ordinance Providing for the Issuance of Sewer Revenue,
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Bonds, Fixing the Form of Bonds and Providing Covenants for Their
Protection, Sewer Revenue Bonds of 1968, First Division;
WHEREAS, this Council adopted on May 29, 1968, Resolution
No. 68- 52 A Resolution Accepting Offer to Buy Bonds, awarding
the sale of City of Rol-rinert Park Sewer Revenue Bonds of 1968,
--First Division, Bonds numbered 1 to 115s inclusive, in the
"
principal amount of $115,000; and
�,J'HEREAS, a form of Notice of Sale Inviting Sealed Bids for
the purchase of City of lHoInnert, Park Sewer Revenue Bonds of 1968':
First Division, Bonds numbered 115- to 120, inclusive, in the I
principal amount of $5,000 has been submitted to this Council
in the form attached hereto and marked E--xhibJt '!A".
NOW, THIaREFORE, IT IS DETERMINED and ORDERED, as follows:
1. Said City of Rohnert Park Sewer Revenue Bonds of 1968,
First Division, Bonds numbered 115 to 120, inclusive, in -IL-1-he
DrIncipal amount of X59000, shall be offered for public sale by
the City Council of the City of Rohner-IL-1- Park, Sonoma County,
California, at 7:00 o'clock P.M. on Monday, June 17, 1968.
20 The form of Notice of Sale attached hereto and marked
Exhibit "A" is hereby approved, and the City Clerk of said City
is hereby authorized and directed to cause said Notice in sub-
stantially said form to be published once in "The World", a news -!
paper of general circulation in the City, at least ten (10) days
prior to said date of sale.
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:EXHIBIT "A
NOTICE OF SALE
CITY OF RO.-HINERT PARK, SEWER REVENUE BONDS
OF 1968, FIRST DIVISION, BONDS NUMBERED
115 TO 120, INCLUSIVE, IN TH iJ PRINCIPAL
AMOUNT OF
Sealed bids will be received by the City Council of the City
of Rohnert Park, Sonoma County, California, at the City Hall,
4315 Southwest Boulevard, Rohnert Park, California, UP to 7:00
o clock P.M. on
MONDAY, JUNE 17, 1968
for the purchase of City of Rohnert, Park Sewer Revenue Bonds of
1968, First Division, Bonds numbered 115 110 120, inclusive, in
F,
the principal amount of $" 000.
Said bonds are dated July 1, 1968, will mature on July 1,
1988, and are each in the denomination of $1,000.
The bonds shall bear interest at the rate of not to exceed
five percent per annum from their date until paid® Said
interest shall be payable semiannually on January 1 and July 1
of each year to the date of maturity.
Bidders must specify the rate of interest which the bonds
shall bear® Said interest rate must be the same for all ma-
turities of the bonds® The interest rate stated in the bid may
be in multiples of any fraction of one percent. Bidders shall
not be permitted to cause the interest for a given period to be
split and represented by more than one coupon.
Reference is made to Ordinance No. 10--1, An Ordinance Provid-
ing for the Issuance of Sewer Revenue Bonds, Fixing the Form of
Bonds and Providing Covenants for Their Protection, Sewer
Revenue Bonds of 1968, First Division, adopted by said City
Council on May 29, 1968, for the purpose, authority and security
of said bonds, and for other pertinent terms and conditions
thereof.
Each bid must be for not less than the par value of all
bonds hereby offered for sale.
The bonds will be awarded to the highest bidder considering
the premium offered.
Bidders must furnish at the time of sale proof of financial
responsibility in form satisfactory to the City Council.
Each bid must be enclosed in a sealed envelope, addressed
to the City Clerk of the City of Rohnert Park, City Hall,
435 Southwest Boulevard, Rohnert Park, California, entitled
"Proposal for Sewer Revenue Bonds of 1968, First Division,
Bonds numbered 115 to 120, inclusive", and delivered to said
City Clerk by 7:00 o'clock P.M. on Tune 17, 1968 at said address';
The successful bidder will be furnished at the expense of
the City the approving opinion of Messrs® Wilson, Jones, Morton
Lynch, San Mateo, California, on the bonds.
Dated: May 29 , 1968.
LILLTAN E. SANI
City Clerk of the City of
Rohnert Park
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I hereby certify that the foregoing resolution was passed
and adopted by the City Council of the City of Rohnert Park,
California, at a regularly held meeting thereof held on the
29th day of May 1968, by the following vote:
AYES, and in favor thereof, Councilmen:. Hopkins, Roberts,
Rogers & Smith
NOES, Councilmen: (0) . None
ABSENT, Councilmen: (1) Councilman Buchanan
f City Clerk
APPROVED:
�f' Mayor