HomeMy WebLinkAboutResolution 3052 N.C.S. 09/17/1962 .,.
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RESOLUTION NO 3052 NE ..s .
RESOLUTION DIREcTIKs4J,BucATToy OF NOTICE INVITING 'BIDS
FOR THE PURCHASE OF BONDS OF THE CITY dE PETALUMA, COUNTY
OF SONOMA, STATE OF CALIFORNIA, IN ASSESSMENT DISTRICT 140 ,
6 N,s. S.
BE IT RESOLVED that the k of the City of Petaluma
be , and she is hereby , authorize p to 'offer for sale all bonds to be
issued in Assessment District No,. 6 N.S, of‘ the City of Petaluma ,
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County of Sonoma, State of California;; and
BE IT FURTHER RESOLVED that the form, of the Official Notice
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Inviting Bids for the. Purchase of Bonds to he published by the City
Clerk is affixed hereto Marked "Exhibit A" and by this reference
incorporated herein and made a part hereof; and
BE IT FURTHER RESOLVED that said Official Notice Inviting
BidsfortheFurchaseof ,HuodsThall be pUblished for two (2) sue-
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cessive weeks in the PETALUMA ARGUS-COURIER, the first of which
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publication; shell be not later than September 21, 1962 .
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I HEREBY CERTIFY that the foregoing Resolution was adopted
by the City Council ef the City !of Petaluma et a regular meeting
thereof , held on the 17th day of SepteMber , 1962 , by the following
vote , to wit:
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AYES: Councilten, COT1N ,CRINELLA, ELLIS ,GIISTAESON,SOLOMON.OTAM !BEEDER,
AND MAYOR. MATZEN .
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NOES.: Councilmen NONE j
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ABSENT: Councilmen NONE ,
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c LADYS R. ALLIN , City Clerk,
77,
ity Of P-taluma County of Sonoma
iState of California.
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OFFIGIALHNOTICEJWITIK 6THB,BOH 571? FOHC44'SE: OF 'BONDS
ofuTHE CITY. OF PFTALUMA, COUNTt 'SGNO04.:, $40.0-;E: OF GALT
FORNIA,:IBEUED ONDEA TflpR0VISIONS 0F 'THE MVAIGTPAL TM-
PROW/W* 410T Q 11941,AND THE IMP ? ACT orj0.1.____
NOTICWIS 'HEREBY GIVEN fhat Sealed- proposals will be received
by the Hi ..Y0frPeitbluMh -at the office of the Zity, Clerk-, located iR
the City 40ii,Befelulles. eSlifOrel iead47.13 :tletaber 15, 1462) at
the hour bf 20U, O/elonk Rat of said 4fif-Y1 for rbe Phrohese of $ 927,592.16
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principal abibunt of bonds of the FifY of HeralUmS .4 'designated "Ilprove-
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meat Bonds , ASseiMneet District 4, 6 LS. , City of Petaluma , SehoMa
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County,. CS1ifernian , aq. aihieh said tine and ptiee said proposels will
be publieiy oppmed-, eSandned andrdeelaredby •the City Clerk of the City
of Petalumn„ Said bida•wili be caleureted end the 'resuIts thereof will
be reported to the City dbuneil of the 'City of Petaluma which meets at
8:00 P.M, on October 15, 1962.
Thee ' blinds aro anthoriized to be issued under the provisions -
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of Resolution of Infettionlio. 2909 .a.p,s[* cif the City Council of the
City of Petaluma., adapted on the5th 'lmy of February, 1962', and. pro-
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ceedings subsequent thetetot The ResOlution of Ittehtioa-provides with
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relation to said bonds CS foilowet
BE IT FURTHER BEHPINEUfehsX !serililbgads. will be iesued
/.n .r496404erm‘lklerM,pf.ovided- 4 Perf.. .1 . 01vieios
tW4t*.400, ina, 1141W14.-iis co l.41 efthe ,$tate of 'California
(Ilik9F41.04f,-Bor 'OT:19T) tth re040erft untairl eesessmeufs
Ofjii011:00Iier6. ( ?S )O) Cl °Vex', 44106-40.4541019e :shell
iieirjbferefie:144101e4eibisfiSix“Oer,,eeef161,4 Per;41-eau4t,
and tte, 140 likapt.nnif, Milwhieh 1*(d'W eihe"iir,reatur Pour.
fic. 4ie.,:264 &z3r 0± 1414-its:it oxtt specteeditag.
'4t1,1*04:Septekb4r="fet :f0kreiwi#g Bei(' 'bOudS
8 ,144Y.41470-4,6;beifitet 494:6.00, redeemed-es Provided
AU 44.e Imprd7.4mejaf Ant of 1911, 41d /there 'shalt be seldeH
to -the- redh !fion clause irCieaidc-bande the. fa1ldWitg -Udrds1
TY. .,. .;(5g0t#Or-vaith a premium cf five per cent .0%)
of snid 'usPe14 Pri491P41-"
DATE OF BONDS, AND INTEREST RATE; Bonds are ::c be dated
October 20, 1902, and will bear interest free] said date, Interest is
fixed is the Resdlutioe of Intention at six per ceet (6%) per annum,
PURPOSE OF ISSUEr, Said heeds are authorized to be issued by
the City Council Of the City of Petaluma by Resolutio n of intention Na.
2909 N,CS, and proceedings prief and subsequent thereto, The purpose
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EXHIBIT A
is to build: Amain interceptor sewer amd- pumping staiom to acacia:rate
the cleve100040wl: of the area deSefib•ed tnd Slicten on the plate and
as. .taquirad:-.1n the speCifications ., Thc .assesament district la desig,-
mated as' "AsnensMOUt, DintriCt No City of Scale: , County of
aomatha, State ;ot referee0 fdr' all detaiin Li- made
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to ti;eYP*01404#184' *Or 'Oe ,formation and ,completion; Of said effeeanment
dinttiet . .
The 97:Tgi*41 4**11t 'of' the 405400-eht. 14P! 4315,364,31, The
nuM of $41):77t7,5-has ,heen pnid in ea0h, laaVimg. urapaid im bondsLto; be
i044;Ai' 47ie'SgSt' of ; . .
PgNo1INATIaN5.; Ioadaiiraity laYdetiOninaEion5 irom $57 9Q to
437 :517..30, ,Avatake naveasmentaare Jdt apPlApOie beeaue the aa:$sa*,
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menta vary Oith -the Size of- the PtoPertieni‘ This; is all acreage; pop
erty a ii.ub$4471tial POt*iPP •Of which in ei4ai4a= t.ht city limits 'of
PetaiOne, The purpose -Oen to build 1main interceptor sewer and pumping-
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station to accelerate the develoOment .of the area 14dhin the city and
iMnedintely-adjahent thereto, This ie ktspiaTy developing residentkal
and indW4trial areas T44, City of Pet4:11#4 'O9hdtinced ;Oboot $560006.00'
toward the cost of the ptOjadt.
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'Both the,principal and Ante:rant are payable 11n laws;
tax Mentyof the .14ni0.4-Sites at thejtifilte rdethe: city Tteasuret of
the City' ofTetelOthal4 iüd im• fho 4itYJ4411.-;-PeCaluclaY,• CalifOrala.
eAtIABLE.'0141)§'1. ' All bnida 4re' ffinWieerto redemptioe putadant
to the provitionS of thdliMprOvelest Aet7ef• 1911# f.c.: preperty .owner
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may redee m lay band: at time by paYing the tli* unpaid pthinic40-:
5% of the :then Unpaid"ptintipal As pxciatum, and iatere6t to the next
Shooe041.I.4g alte±ene cOOPOiii dates
AUTHORITY' FOR !SSPASCE:T. Sa.07bondw were aothorizehto be
"sauta& by the proceedings la said assessment district, and sai.O. Jassese-
ment diatriet, *0 organized and con3umr4etP4 and bonds• provided to be
We t: the provisiene of the Municipal Improvement Act of 191:1' of
the 6tat e. p:realIforitio e*4 the 1.MprOyedint Mt Of 1911 of the State of
CeTitOM*14.
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4.P.Wrio; Said bonds, are secured by real property agaiust
!Faith b444. 14*4 Ii 4 IX-e,O, 44' Otavi4e4• fdr bY4tbc Tal.P.idvamemt Act ci
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LEGAL OPINION' The .1144114ilfie4 16s1 OPiniPw.of the taw
fins of ,Sturgis, tieW4Dnik,:DOngleSt & ,AiderSen,. 1322 Wet/Stet. Street,
Dakiaaa',: cakiidraia:-0. 40i0Yin8 the validity of sAidl4ionds milt Da •
furnished to the SneelesalulHbidde'r Withent' Oharge-4,
IW?tST BID' The 1'boiid wliiHkoHosatoed to the h.41-test bidder
conaiderihi, the 'priee,' offered and priaiium offered, if anire . : No Did clI
be OPnni4014$4-which in 1ACAir-baa ',9574. 4 par of the bands, Coat of
printing bonds will 'be bailie by the aseessamet district,
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PROM PT' AWJ5. The City Council Of, the City of Petalkmewill
take adtibinarding the bonds o relectiagAll, bids not Inter tSan
forty-eight (62) hours .after the ,expiratidndf, the time herein prescribed
for thereteipt Of prop-60E1S:
PROMPT DELIVERY:' Distillery of the,bends will he made to the
sucoesefOl .bidder, at the office Of the City Treasurer, located in the
City Roll, Petal:ha, October 20 , 1962, or se Scion' there-
after as :sitia bonds aro' readye the suCeeSsfht bidder is to depoSit the
putt:hesetrite and l'4:akedetiveryfrf &did bend.* within 48 hours after
notifidatiOn Of their. re4Ainett for delivery tothome
PORK •Or' B ' AB bids*Imust be got.•15r logs than .all Of the
bonds hefeby offered ,f0t; salee :Rath bidep together with bIdder'oi check,
must be enclosed in a egalednav4leoe addressed tO the City Council of
the City el Pet...alma mad endorsed, 'Proposal fer City of Peteitia bonds,
AssesStent District No. 6
DID CMECK: With each 13,1d =St he submitted a certified check
or cashier's check for * .2000-00 !drawn da ,a bank ot trust company trans-
acting busipess in the State of datiforeia-payebta to the Order of the
city of Petaluma, to .secure the City from at loss resultiog from the
faiture Of the bidder to; comply with the texts of his hide Checks of
the unsuccessful. hidders will be returned by the city by mail open the
award Of the 'bonAS. No interest will be paid upoy, the dePosit Made by
any sateisful bidder
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OITICIAL 'STATE:MIT The supeaasfuif bLdder fl1 he fhaished
with a atiatiagatfora oettffidats ,cettifying- Oat there is rio contro-
versy or 'ittigittieg4.(0eradiag. cry. thtewteried concerning the validity of
the botdi As Of the tliala alt thip 40.14 &j. Of the bonds.
JATETh aiptetblet 17 1 &2
ititaftS.,,R; 1,1Al2,1.4N, City Cierh.:,,,
cif7 5 Of,Petatiaaa., County of
S,eugvia,, •leats if Califetniat.
Lc/2 -ic-(67-77-11
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