1976-204CITY OF ANAHE114 RESOLUTION NO. '76k-204
RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ANAHEIM, CALIFORNIA AWARDING
$6,000,000 ELECTRIC REVENUE BONDS OF
SAID CITY TO THE BEST BIDDER AND RE-
JECTING ALL OTHER BIDS
WHEREAS, at the time and place fixed for the
opening of bids for the $6,000,000 Bonds of the City of
Anaheim designated the "Electric Revenue Bonds, Issue of
1976,° (the "Bonds"), and numbered 1 to 1200, inclusive, all
bids were publicly opened, examined and read, and a tabulation
thereof has been entered in the minutes; and ,
WHEREAS, the bid of the bidder hereinafter named
is the best bid made by a responsible bidder for the Bonds;
NOW, THEREFORE, the City Council of the City of
Anaheim, California, DOES HEREBY RESOLVE, DETERMINE AND
ORDER as follows:
Section 1. The bid of Blyth EastmanDillon& Co.
, attached hereto and
marked "Exhibit 1", specifying the purchase price for the
Bonds plus accrued interest to the date of delivery and the
interest rates per annum, is the bid for the Bonds yielding
the lowest net interest cost. Said bid is hereby accepted
and the Bonds awarded to said best bidder in accordance
with the terms of the bid.
Section 2. All bids other than the one accepted
in Section 1 hereof are rejected, and the City Clerk is
directed to return the check accompanying each rejected bid
to the unsuccessful bidder.
Section 3. The interest rates on the Bonds are
hereby fixed at the rates stated in the attached bid.
Section 4. The City Treasurer is hereby directed
to deliver the Bonds to the successful bidder upon payment
therefor, including accrued interest to the date of delivery.-.
ADOPTED, SIGNED AND APPROVED this 27th day of
April , 1976.
ATTEST:
City Clerk
(SEAL)
2.
STATE OF CALIFOP-1-:4IA
COTNTY OF ORA1-1GE
CITY OF ANAIMUM
1, ALONA M. HOUG&RD, City Clerk of the City of Anaheim, do
hereby certify that the foregoing Resolution No. 76R-204 was intro-
duced and adopted at a regularmeetingprovided by law, of the City
Council of the City of Anaheim held on the 27th day of April, 1976,
by the following vote of the members thereof:
AYE -P: COMiCIL ME71,1BERS: Kaywood, Seymour, Roth and Thorn
NOES: COUNCIL�M`IJIBERS; None
ABSTAINED: COUNCIL XEn12URS: Kott
ABSENT: COUNCIL, MEZIBERS: None
AND I FU-IITEER CERTIFY 'that the Mayor of the City of Anaheim
approved and signed said Resolution No. 76R-204 on the 27th day of
April, 1976.
U1 VITNESS WHEREOF, I have hereunto set my hand and. affixed
the seal of the City of Anaheim this 27th day of April, 1976.
CITY CLE P.% OF THE CITVOF ANAMIM
(SEAL)
I� A.11.,ONA M. HOUGARD, City Clerk of the City of Anaheim, do
hereby certify that the foregoing is the original of Resolution No.
76R-204 duly passed and adopted by the Anaheim City Council on
April 27, 1976.
City Clerk
a
1
To'and Inclusive
y
f
[ATTACH WINNING HID ,AS EXHIBIT 11
INr;72FORATED
700 SOUTU 'FLOWER STRrEI:
Los .A.NQELES ,, CALIFORNIA 90017
213-972-10511
TO Office of the City Clerk
City Hall
204-E. Lincoln
Anaheim,,California
FOR THE PROPOSED ISSUE OF: $6,000,000 City of
Anaheim Electric Revenue Bonds, Issue of 1976
As more fully described in your Official
Notice of Sale, which is'hereby made a
part of this bid.
Dated April 21, 1976
Bonds Dated 5/1/76
Denominations $5000
Interest Payable 5/1., 11/1, F.C.II/I/7
Bonds Maturing From
To'and Inclusive
Interest Rale (�)�
TO
We will pay $6,000,000 being the par.vaIue thereof, together with accrued interest
to the date of delivery plus a premium of
For prompt acceptance, subject to sat i sVctory legal op i n i on approving the va I i d i ty of
the bonds is to be received from Messrs . 0' idle l veny a 1\1yers
attorneys; at City's expense.
Certified copy of the legal opinion to be printed on each bond at no cost to us.
Our Cashier.'s Check is enclosed in the -amount of $120,000.00
This b.id is made subject to conditions shown on ;the reverse.
,..�: Respectfully submitted,
Total Net Interest Cost r7 )� / A�
BLYTH EASTMAN DILLON & CO., INC.
C_ 117 , i A
a/
Average Net i nterest- Rate
Fay._
c-7 / G Richard A. i:el to
g9t;�� .P.
We reserve the right, at our option, to cancel the contract of purchase if the bonds
are not tendered for delivery within 60 days from the date of sale, and in such event
we shall be entitled to return of deposit accompanying our bid.