HomeMy WebLinkAbout04/22/1969CITY COUNCIL
tall TOWN OF LOS ALTOS HILLS
MINUTES OF A REGULAR ADJOURNED MEETING
April 22, 1969
Mayor We. Ross Aiken called the Regular Adjourned Meeting of the CiW Council
of the Town of Los Altos Hills to order at 2:06 P. M. in the Council Chambers
of the Town Hall, 26379 Fremont Road, Los Altos Hills, with the following
members answering roll call: Present: Councilmen Benson, Fowle, Mayor Aiken.
Absent: Councilmen Davey and Helgesson.
AWARDING SALE OF BONDS - SEWER ASSESSMENT DISTRICT NO. 5:
Staff report was presented, noting three (3) bids had been received for
bonds totalling $168,000.00, Sewer Assessment District No. 5, with respective
net interest costs of 5.950327%, 6.0961%, and 6.66766%.
Staff recommended the sale of bonds be awarded to First California Company,
Incorporated, 300 Montgomery Street, San Francisco, California, based on
their bid of 98.65% of par value and a net interest cost of 5.950327%.
Assistant City Manager introduced and read in its entirety, Resolution
No. 523, a resolution of the City Council of the Town of Los Altos Hills,
awarding sale of Bonds, Town of Los Altos Hills, Sewer Assessment District
No. S.
MOTION, SECONDED AND CARRIED: Councilman Benson moved, seconded by Fowle,
that Resolution No. 523 be adopted as read, was carried unanimously by the
following roll call vote: Ayes: Councilmen Benson, Fowle, Mayor Aiken.
Noes: None. Absent: Councilmen Davey, Helgesson.
There being no further business, the meeting was adjourned at 2:09 P. M. to:
NEXT REGULAR MEETING: Monday, May 5, 1969, at 7:45 P. M., Town Hall.
Respectfully submitted,
� ,
DENNIS R. IAHR
City Clerk
DRL/mam Town of Los Altos Hills
4/22/69