HomeMy WebLinkAbout26280-05.07.1979 •
council Member 3Htroduccd the
foil• ' ng Resolution entitled "RESOLUTION DIRECTING SALE • "
$33, 000. iS SEWER IMPROVEMENT BONDS, " and moved its ad• -
tion. Counc ' . Member seconded motion to
adopt. The rol :s called and the vote was ,
AYES:
NAYS:
neret�pnn, f he rldyor decldLed Ll,e following Rcsolution
my L'L'L e a: RESOLUTION NO. 2 6 2 8 0
HUNTIN(itiN ROAD STORM SEWER DISTRICT PROJECT
(CONTRACT #95)
RESOLUTION DIRECTING SALE OF $33 , 000. 00
SEWER IMPROVEMENT BONDS
WHEREAS, pursuant to notice as required by law, bids have
been received at public sale for the bonds described as
follows and the best bid received is determined to be the
following:
$33, 000 . 00 SEWER IMPROVEMENT BONDS:
Bidder: Shaw, McDermott & Co of Des Moines, Iowa
the terms of said bid being:
1979 - 1980 6% ; 1981 - 1983 6.75% ; 1984 - 1988 - 77o;
Total Net Interest Cost $12,517.50;
Effective or Net Interest Rate 6.9157
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY •
OF WATERLOO, IOWA:
Section 1. That the bid for the bonds as above set out is
hereby determined to be the best and most favorable bid
received and, said bonds are hereby awarded based on said bid.
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AHLERS. COONEY. DORWEILER, HAYNIE&SMITH. LAWYERS, DES MOINES, IOWA
Section 2 . That the statement of information for bond
bidders and the form of contract for the sale of said bonds
are hereby approved and the Mayor and Clerk are authorized to
execute the same on behalf of the City.
Section 3 . That the notices of the sale of the bonds
heretofore given and all acts of the Clerk done in furtherance
of the sale of said bonds are hereby ratified and approved.
PASSED AND APPROVED, this 7th day of May .
1979.
Mayor
ATTEST:
Clerk
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AHLERS, COONEY. DORWEILER, HAYNI4&SMITH, LAWYERS, DES MOINES. IOWA