HomeMy WebLinkAboutResolution 2437 Awarding sale of $5 million water bonds
Member
Vant Hull
introduced the
following resolution and moved its adoption:
RESOLUTION NO. 2437
RESOLUTION RELATING TO $5,000,000 WATER
SYSTEM REVENUE BONDS, SERIES 1982; AWARDING
SALE THEREOF AND APPROVING CERTAIN MATTERS
WITH RESPECT THERETO
BE IT RESOLVED By The City Commission of the City
of Bozeman, Montana, as follows:
1. The bid of Kirchner. Moore and Company. eta1
of Denver , Colorado , and associates (the
Purchaser), attached hereto as Exhibit A, to purchase
$5,000,000 Water System Revenue Bonds, Series 1982 (the
Series 1982 Bonds) of the City, is hereby determined to
comply with the Terms and Conditions of Sale dated as of
November 18, 1982, and to be the lowest, most responsible bid
for the purchase of the Series 1982 Bonds. The bid of the
Purchaser is hereby accepted by the City and the sale of the
bonds is hereby awarded to the Purchaser. The bid security
of the Purchaser shall be retained pending delivery of and
payment for the Series 1982 Bonds and the bid security of
all other bidders shall be promptly returned.
.
2. The Mayor and Clerk of the Commission are
hereby authorized and directed to execute a purchase
contract with the Purchaser with respect to the Series 1982
Bonds.
Attest:
f? Jx; ,;! xll!iL~7'-/
Clerk of Commission
~~4-
,. Mayor - .
Upon vote being taken on the adoption of the
foregoing resolution, the following voted in favor thereof:
Commissioner Vant Hull. Commissioner Anderson. Commissioner Mathre. Com-
missioner Weaver and Mayor Stiff;
and the following voted against the same: none
and the following abstained from voting thereon: none
whereupon the resolution was declared duly passed and
adopted and was signed by the Mayor, which signature was
attested by the Clerk of Commission.