HomeMy WebLinkAbout1977-055-09/06/1977-AWARDING THE BID FOR GENERAL OBLIGATION BONDS OF THE CITY FOR THE PURPOSE OF EXTENDING AND IMPROVING RESOLUTION NO. 77-55
OF THE COUNCIL OF !HE CITY OF FORT COLLINS
AWARDING BONDS
OF THE CITY FOR THE PURPOSE OF EXTENDING AND
IMPROVING THE MUNICIPAL WATERWORKS SYSTEM
WHEREAS, the City Council of the City of Fort Collins,
Colorado, has determined to issue general obligation bonds of
the City in the principal amount of $5 , 000, 000 , for the purpose
of extending and improving the municipal waterworks system ;
and
WHEREAS, the City Council has authorized and directed
the notice of sale of bonds in the principal amount of $5, 000, 000
to be published in the Fort Collins Coloradoan, and also mailed
to investment banking firms , banks and others who might submit a
bid for the purchase of the Bonds ; and
WHEREAS, bids were received in response to said Notice,
and , it appearing that the bid of First National Bank of Oregon
said bid being for not less than
par, accrued interest and a premium of ,$ -0- is the best
bid for cash in accordance with the Notice of Sale ;
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS, COLORADO:
1 . That $5, 000, 000 of General Obligation Water Bonds,
Series 1977 , dated October 1 , 1977 , heretofore duly offered for
sale by the City of Fort Collins, are hereby awarded to
First National Bank of Oregon
the best bidder therefor, in substantial compliance with the terms
and conditions of the Notice of Sale , dated August 2 , 1977 , and
including the details stated in the bid of said bidder.
2 . That the City Council and the officers of the City
are authorized to do any and all things necessary to complete the
delivery of the bonds to said bidder.
RESOLUTION ADOPTED AND APPROVED This 6th day of Sep-
tember, 1977 .
( S E A L )
MayorATTEST :
City Clerk
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