42NO. 42
RESOLUTION AWARDING BOND BIDS FOR $1, 692, 000.00
WATERWORKS AND SEWER SYSTEM REFUNDING AND
IMPROVEMENT REVENUE BONDS OF THE CITY OF
EDGEWATER, FLORIDA.
W HERE A S , the City Council of the City of Edgewater, Florida,
hereinafter called the "City, " has met on May 4 1964, at 7:30 o'clock,
P. M. , to open and consider all bids submitted for $1, 692, 000. 00 Waterworks and
Sewer System Refunding and Improvement Revenue Bonds of the City; and
WHEREAS, the following bids were submitted:
Bidder Net Interest Cost
SERIES A: None
SERIES B: Housing and Home Finance Agency 3-7/851.
and it appearing to the Council, after due consideration, that the bid(s) shown in
Section 1 hereof are the highest and best bid(s) received;
NOW, THEREFORE, BE IT RESOLVED by the City Council of
Edgewater, Florida, that:
SECTION 1. The Waterworks and Sewer System Refunding and
Improvement Revenue Bonds be awarded to the following bidder or bidders at
the following bid(s) and accrued interest for said bonds, bearing interest as follows:
edy.L
oD
Bidder Series and Years
Housing and Home Series B
Finance Agency 1969through 1999
Price Interest Rate
$1,323,000.00 3-7/897,
SECTION 2. The said bonds shall be delivered to
the successful bidder(s) on or about June 15 1964
at Atlanta Georgia
SECTION 3. such bonds shall be payable at
Bank of New Smyrna, New Smyrna Beach, Florida or,at the
option of the holder, at Manufacturers Hanover Trust Company,
Burroueh of Manhattan, New York, New York.
SECTION 4. This resolution shall take effect inne-
diately upon passage.
BE IT FURTHER RESOLVED, that all Resolutions or parts of
Resolutions in conflict herewith be, and the same are hereby rescinded.
The above and foregoing Resolution was presented by Council-
man Gaj mj e , who moved its adoption, said motion being
seconded by Councilman gidgdill , and upon roll call vote,
the said Resolution was duly declared adopted at the regular meeting of
said Council held on the 4th day of May, 1964, the vote of said Council
on roll call being as follows:
hyor
-�ouncil n
- 2 -
0 O ,,
ATTEST:
City Clerk
Approved this 4th day of 1Yby�, 1964:
May
- 3 -