HomeMy WebLinkAboutminutes.council.19730718 Special Meeting Aspen City Council July 18~ 1973
RESOLUTION #20, Meeting called by the Mayor for the purpose of considering Resolution #20, Series of 1973,
SERIES OF 1973 awarding the bond bid.
Mayor Standley called the meeting to order at 3:30 p.m. witb Councilmen Pedersen, James
Breasted, Michael Behrendt, Acting Finance Director Karen Anderson present.
Compilation of the bids was submitted by the City Clerk. Ms. Graves stated the low bid
has been checked out and is ~n order.
Councilwoman Pedersen moved to read Resolution #20, Series of 1973. Seconded by Council-
man Behrendt. Ail in favor, motion carried.
RESOLUTION ~20
Scrim of 1973
WHEREAS, the City Council of the City of Aspen has heretofore directed the City Manage~
to negotiate with interested parties for the sale of Sales Tax Revenue Bonds, Series of
July 1, 1973, of the City'in the principal amount of $1,750,000; and
WHEREAS, pursuant to the prescribed terms and conditions, proposals were received by
the City for the purchase of said bonds until Tuesday July 17, 1973, at 12:00 o'clock Noon,
M.D.S.T.; and
WHEREAS, after receiving and considering all such proposals, it appears that the pro-
posal of Hanifen, Imhoff and Samford Inc.; E. F. Hutton and Company and Gerwin and Company,
is the highest and best proposal for said bonds, being at a price of not less than par and
accrued interest therefor; and
WHEREAS, it is in the best interest of the City of Aspen that such proposal be accepte¢
THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY.~OF AspeN, COLORADO;
Section. 1. That the proposal of Hanifen~ Imhoff and Samford Inc~; E. R. ~utC0n and
Co.; and Gerwin and Company for $1,750,000 of sales tax revenue bonds, Series July 1, 1973,
be and the same is hereby accepted and that said bonds are hereby awarded to s.aid firm, a
copy of~said proposal being hereto attached as Exhibit "~".
Section 2. That the good faith deposit submitted by said firm be credited to the pur-
chaser upon delivery of the bonds.
Section 3. That the City Council of the City of Aspen, Colorado, shall do any and
all things necessary to complete the delivery of the bonds to the purchaser in accordance
with its proposal, was read in full by the City Clerk.
Councilman Breasted moved to adopt Resolution #20, Series of 1973. Seconded by Council-
woman Pedersen. Roll call vote - Councilmen Pedersen, aye; Breasted, aye; Behrendt, aye;
Mayor Standley, aye. Motion carried.
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Councilman Behrendt moved to adjourn at 3:40 p.m., seconded by Councilman Breasted. Ail
in favor, meeting adjourned,
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