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04/22/1969
LOSALTOSHILLS
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04/22/1969
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4/19/2016 1:25:59 PM
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Minutes
Date
1969-04-22
Description
Regular Meeting Minutes
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CITY COUNCIL <br />tall TOWN OF LOS ALTOS HILLS <br />MINUTES OF A REGULAR ADJOURNED MEETING <br />April 22, 1969 <br />Mayor We. Ross Aiken called the Regular Adjourned Meeting of the CiW Council <br />of the Town of Los Altos Hills to order at 2:06 P. M. in the Council Chambers <br />of the Town Hall, 26379 Fremont Road, Los Altos Hills, with the following <br />members answering roll call: Present: Councilmen Benson, Fowle, Mayor Aiken. <br />Absent: Councilmen Davey and Helgesson. <br />AWARDING SALE OF BONDS - SEWER ASSESSMENT DISTRICT NO. 5: <br />Staff report was presented, noting three (3) bids had been received for <br />bonds totalling $168,000.00, Sewer Assessment District No. 5, with respective <br />net interest costs of 5.950327%, 6.0961%, and 6.66766%. <br />Staff recommended the sale of bonds be awarded to First California Company, <br />Incorporated, 300 Montgomery Street, San Francisco, California, based on <br />their bid of 98.65% of par value and a net interest cost of 5.950327%. <br />Assistant City Manager introduced and read in its entirety, Resolution <br />No. 523, a resolution of the City Council of the Town of Los Altos Hills, <br />awarding sale of Bonds, Town of Los Altos Hills, Sewer Assessment District <br />No. S. <br />MOTION, SECONDED AND CARRIED: Councilman Benson moved, seconded by Fowle, <br />that Resolution No. 523 be adopted as read, was carried unanimously by the <br />following roll call vote: Ayes: Councilmen Benson, Fowle, Mayor Aiken. <br />Noes: None. Absent: Councilmen Davey, Helgesson. <br />There being no further business, the meeting was adjourned at 2:09 P. M. to: <br />NEXT REGULAR MEETING: Monday, May 5, 1969, at 7:45 P. M., Town Hall. <br />Respectfully submitted, <br />� , <br />DENNIS R. IAHR <br />City Clerk <br />DRL/mam Town of Los Altos Hills <br />4/22/69 <br />
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