HomeMy WebLinkAboutRES 2451 CITY OF RENTON, WASHINGTON
RESOLUTION NO. 2451
A RESOLUTION of the City Council of the City
of Renton, Washington, accepting the bid of
SEATTLE NORTHWEST SECURITIES CORPORATION
for $2 , 300, 000 par value of "Limited Tax General
Obligation Bonds, 1982, " of the City; fixing the
interest rates on those bonds ; and providing for
the immediate printing, execution, delivery and
sale of those bonds and the return to the
unsuccessful private bidders of the checks
deposited by them with their bids .
WHEREAS , pursuant to Ordinance No. 3620 passed by the City
Council of the City of Renton, Washington (the "City" ) , on
April 12 , 1982 , Notice of Bond Sale calling for sealed bids for
the purchase of $2, 300, 000 par value of "Limited Tax General
Obligation Bonds, 19.82" (the "Bonds") , of the City was duly
published as required by law; and
WHEREAS , Two (2) bids were submitted and filed with
the City Clerk in her office in the City Hall, 200 Mill Avenue
South, Renton, Washington, prior to 11 : 00 a.m. , local time, on
May 3 , 1982, copies of which bids are attached and made a part
hereof by this reference; and
WHEREAS , the City Council deems that the bid of Seattle
Northwest Securities Corp. is the best bid received and that no better
bid could be received for the Bonds and that it is for the best
interest of the City that such bid be accepted; NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RENTON,
WASHINGTON, as follows :
Section 1 . The bid submitted by Seattle_Northwest Securities Corp.
of Seattle, WA for the purchase of the Bonds at a
price of par (plus a premium of $ None ) , plus accrued
interest from date of issuance to date of delivery of the Bonds,
bearing the interest rates with respect to the bond maturities
as shown on its bid attached to this resolution, is accepted; the
interest rates on the Bonds are fixed in accordance with that bid;
and the City Clerk is directed to have the Bonds printed and
executed immediately. The Bonds shall thereupon be sold and
delivered to the purchaser pursuant to its bid upon payment
therefor at par (plus the premium bid) , plus accrued interest
from the date of the Bonds to their date of delivery. In connection
therewith, a certified copy of the transcript of proceedings
pertaining to the issuance of the Bonds shall be furnished to
Roberts & Shefelman (Roberts, Shef elman, Lawrence, Gay & Moch)
so that their approving legal opinion may be obtained for delivery
to the purchaser in compliance with the requirements of the Notice
of Bond Sale and of the bid. The City Clerk is authorized to return
to>. the unsuccessful bidders the checks deposited by them with
their bids.
The foregoing resolution was ADOPTED by the City Council of
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♦>Y
the City of Renton, Washington, at a regular open public meeting
thereof this 3rd day of May, 1982 .
DELORES A. MEAD, Ci Clerk
APPROVED by the Mayor this 3rd day of May, 1982 .
BARBARA Y. S INPOCH, Mayor
FORM APPROVED:
City Attorney
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