HomeMy WebLinkAboutRESOLUTION 1971-32' . ° --- ~- -.~. .___--...~ _-_. _ ..:- _ ._~<... _,~ ~
RESOLUTION NO. 71-32
A RE30LUTION ACCEPTING THE BID OF BANK OF AMERICA N.T. & S.A.
AND MERRILL, LYNCH, PIERCE, FENNER, AND SMITH INCORPORATED,
JOINT MANAGERS AND A380CIATES
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WHEREA3, the City of Kenai did advertize and solicit bids
for $1,000,000 General Purpose General Obligation Bonds, and
WHEREAB, the Bank of America N.T. & S.A. and Merrill, Lynch,
Pferce, Fenner, and Smith Incorporated, Joint Managers and
Associatea, did eubmit the low bid at the effective rate of
5.81758, net interest cost of $328,765.00
NOW THEREFORE BE IT RESOLVED BY THE CQUNCIL OF THE CITY OF
RENAI, ALASItA to accept the bid of the Bank uf America N.T. &
S.A. and Merrill, Lynch, Pierce, Fenner,and Smith Incorporated,
Joint Manaqex8 and Associates at an effective rate of 5.8175$
ia accordance with details contained in their proposal aubmitted
at 10:00 A.M. Paaific Standard Time at the offices of Preston,
Thorgrimson, Starin, Ellis & Holman, Seattle, Washington.
PA$SED. ~~II~,Z~day of July , 19 71.
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n F. Ste ec , Mayor
ATTESTs
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dron r ng, Act ng ty C erk
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Accept bid of Aank of America N.T. & S.A. and Merrill,Lynch,Pierce~
Fenner 6 Smith Incorporated, Joint Managers and Associates, at an
effeetive rate of 5.8175$ in accordance with detafls contained fn
their proposal submitted at 10:00 A.M. Pacific Standard Time At the
oFfices of Preston, Thorgrimson, Starin, Ellis ~ Holman, Seattle,
Waahington.
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Send night letter to:
BAnk of America Center, San Francisco, California:
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City Couacil has accepted your proposal far 1 mfllfon doliar Kenai
~,~~i Obligntion Bond~ at an effective rAte of 5.8175~. Appreciate your'
intereat.
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Send Photoetat copy of their bid to Thorgrimson, Starin, Ellis & Helman,
Seattle, Waehington.