Resolution Number OCWD NO. 4 72-7-24-43
RESOLUTION NO. 72-7-24-4
RESOLUTION OF THE BOARD OF DIRECTORS
OF ORANGE COUNTY WATERWORKS DISTRICT
NO. 4 AWARDING $700,000 BONDS OF
SAID DISTRICT TO THE BEST BIDDER AND
REJECTING ALL OTHER BIDS
WHEREAS, at the time and place fixed for the opening
of bids for the $700,000 bonds of ORANGE COUNTY WATERWORKS
DISTRICT N0. 4 designated "Orange County Waterworks District
No. 4 1972 Water Bonds" and numbered 1 to 140, inclusive, all
bids were publicly opened, examined and read, and a tabulation
thereof has been entered in the minutes; and
WHEREAS, the bid of the bidder hereinafter named is
the best bid made by a responsible bidder for said bonds;
NOW, THEREFORE, the Board of Directors of Orange County
Waterworks District No. 4 DOES HEREBY RESOLVE, DETERMINE AND
ORDER as follows:
SECTION 1. That the bid of MERR I LL LYNCH, PIERCE, FENNER
& SMITH INC, offering par and accrued interest
to date of delivery for said bonds bearing interest payable
semiannually at the rates of:
RATES YEARS
7.00 % 1973 to 1984 INCLUSIVE
6.00 % 1985 to 19 INCLUSIVE
5.60 % 1986 to 1988 INCLUSIVE
5.70 % 1989 to 1994 INCLUSIVE
5.75 % 1995 to J§ 2002 INCLUSIVE
% 19_ to 19_
% 19 to 19
-1-
is the best bid for said bonds yielding the lowest net interest
cost. Said bid is hereby accepted and the bonds awarded to
said best bidder in accordance with the terms of the proposal.
SECTION 2. That all bids other than the one accepted
in Section 1 hereof are rejected and the Clerk of the District
is directed to return the check accompanying said rejected bids
to the respective bidders.
SECTION 3. That the interest rate(s) on said bonds is
(are) hereby fixed at the rate(s) stated in Section 1 hereof.
SECTION 4. That the Auditor of the District is hereby
directed to deliver said bonds to the successful bidder upon
payment therefor and of accrued interest, if any, to date of
delivery.
ADOPTED, SIGNED AND APPROVED this 24th day of July,
1972.
(SEAL)
ATTEST:
VIRGINIA MEADOWS
Clerk of the Board of Directors
of Orange County Waterworks
District No. 4
By
� J
airman o t e Boar o
irectors of Orange County
Waterworks District No. 4
-2-
STATE OF CALIFORNIA )
ss.
COUNTY OF ORANGE )
I, VIRGINIA MEADOWS, Clerk of the Board of Directors
of Orange County Waterworks District No. 4, hereby certify
that the above and foregoing resolution was duly and regularly
adopted by said Board at a regular meeting thereof held on
the 24th day of July, 1972, and that it was so adopted by the
following vote:
AYES: DIRECTORS GAMMELL, CHERMAK, WEATHERS AND THORPE.
NOES: DIRECTORS NONE.
ABSENT: DIRECTORS BYRNES.
VIRGINIA MEADOWS
Clerk of the Board of Directors
of Orange County Waterworks
District No. 4
By
(SEAL)
STATE OF CALIFORNIA }
COUNTY OF ORANGE } ss.
I. VIRGINIA MEADOWS, Clerk of the Board of Directors
of Orange County Waterworks District No. 4, hereby certify
that the above and foregoing is a full, true and correct
copy of RESOLUTION NO. 72-7-24-4 and that the same
has not been amended or repealed.
DATED: JULY 24 , 1972.
VIRGINIA MEADOWS
Clerk of the Board of Directors
of Orange County Waterworks
District No. 4
(SEAL)