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Name of Bidder Net Interest Cost <br />to Citv <br />M ¢ Hannaford & Talbot $23,922.00 <br />"V ,-I American Trust Company 25t768.00 <br />►�+ Weeden & Co. 26;560.50 <br />Halsey, Stuart & Co. Inc. 26,672.00 <br />°- Blyth & Co, 226,915.50 <br />AND WHEREAS, the said bid of Hannaford & Talbot is the highest and best <br />bid for said bonds, considering the interest rate(s) specified and the <br />premium offered, <br />NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Redwood City <br />!, as follows, to wit: <br />1. - Said bid of Hannaford & Talbot for $200,000 par vlaue of said Series <br />A bonds shall be and is hereby accepted and the Treasurer of the City of <br />Redwood City is hereby authorized and directed to deliver said bonds to said <br />purchaser thereof upon payment to said Treasurer of the purchase price, to wit: <br />j Said par value thereof and a premium of $78.00/100, together with accrued . <br />interest at the following rate(s): <br />BOND NUMBERS INTEREST RATE <br />(inclusive) Per Annum <br />1 to 15 5 <br />16 to 200 1% <br />Said bonds shall bear interest at the said rate(s) hereinabove set forth, pay- <br />I'. • able semi-annually on June let and December let. <br />2. - That all bids except the bid of Hannaford & Talbot are hereby re- <br />jected and the City Clerk is hereby ordered and directed to return to the un- <br />u <br />successful bidders their several checks accompanying their respective bids. <br />'? 3. - The City Clerk is directed to cause to be lithographed, <br />printed or <br />engraved a sufficient number of blank bonds'and coupons.of suitable quality, <br />said bonds and coupons to show on their face that the same bear interest at <br />the rate(s) aforesaid. <br />RESOLVED, further, that this resolution shall take effect from and after <br />Its passage and approval, <br />PASSED AND ADOPTED, this 20th day of March, 1946, by the following vote:. <br />A*! AYES, Councilmen: C. C. Armstrong, F. D. Granger and W. W. Hilton. <br />a 1 NOES: Councilmen: E. A. Fletcher and G. W. McNulty. <br />ABSENT: Councilmen: Anderson, and C. A. britschgi. <br />W. W. HILTON <br />• Mayor of the City of Redwood City, <br />California. <br />{ ATTEST: <br />;p RALPH S. DODGE City Clerk <br />Presented to and approved by me this 20th day of <br />March, 1946. <br />'i <br />p W. W. HILTON <br />pp ! Mayor of the City of Redwood City <br />? California <br />j The Bank of America's sealed bid was handed back to Mr. Bartlett, who expressed <br />disappointment that the bid had not been accepted but thanked the Council for <br />t <br />l its consideration. Mr. Gardner also thanked the Council for its action. <br />Mr. Frank Ingersoll of the firm of Kirkbride and Wilson appeared before the Council <br />1 in regard to proceedings of Redwood Terrace No. I. City Manager Blom advised <br />j' that he had studied the documents and that they were in order. City Attorney <br />i• <br />i, McCarthy advised that he had checked the papers and that legally they were in <br />order. The first resolution was resolution approving final map of Redwood <br />i Terrace No. I and directing the execution of agreement to construct proposed <br />287 <br />0 <br />