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223 <br /> <br />RESOLUTION RE: ACCEPTANCE <br />or BID <br /> <br />IMPROVEMENT BONDS, SERIES OF 1963, DESCRIBED IN THE ATTACHED NOTICE OF BOND <br />SALE', WHICH IS HEREBY MADE A PART OF THIS BID, WE SUBMIT THE FOLLOWING OFFER: <br /> <br />FOR THE ,3,500,000.00 CITY OF CHARLOTTESVILLE, VIRGINIA~ SCHOOL <br />IMPROVEMENT BONDS, SERIES OF 1963~ DATED JUNE 1, 1964 AND MATURING ON <br />JUNE IST IN EACH YEAR, AND BEARING INTEREST AS FOLLOWS: <br /> <br />YEAR OF PRINCIPAL INTEREST YEAR OF INTEREST <br />MATURITY AMOUNT RATE MATURITY PRINCIPAL AMOUNT RATE <br /> <br />3965 ,175,000.00 3 1~4%' 1975 '175,000.00 2.80~ <br />1966 ,175,000.00 3 1/4% 1976 ,175,000.00 2.90~ <br />1967 ,175,000.00 3 1/4% 1977 ,175,000.00 2.90~ <br />1968 ,175,000.00 3 1/4% 1978 ,175,000.00 2.90~ <br />1969 ,t75,000.00 3 1/4% 1979 ,175,000;00 2.90~ <br />1970 ,175.000.00 2.80~ 1980 ,175,000.00 3.00~ <br />1971 9175,000.00 2~80% 1981 ,175,000.00 3.00~ <br />1972 ,175,000.00 2.80% 1982 ,175.000.00 3.00% <br />1973 ,175,000.00 2.80~ 1983 ,175,000.00 3.00°~ <br />1974 ,175,000.00 2.80~ 1984 ,175,000.00 3.00~ <br /> <br />WE WILL PAY THE SUM OF THREE MILLION FIVE HUNDRED THREE THOUSAND FORTY FIVE <br />AND 00/100 (,3,503,045.00) PLUS ACCRUED INTEREST FROM THE DATE OF THE BONDS <br />TO THE DATE OF DELIVERY. <br /> <br /> WE ENCLOSE HEREWITH A DULY CERTIFIED OR CASHIERtS OR TREASURER'S CHECK <br />UPON AN INCORPORATED BANK OR TRUST COMPANY PAYABLE TO THE ORDER OF THE CITY <br />TREASURER, CHARLOTTESVILLE, VIRGINIA~ IN THE AMOUNT OF TWO PER CENT (2~) OF <br />THE FACE AMOUNT OF THE SAID BONDS (VIZ: '70~000.00) WHICH CHECK IS TO BE <br />RETURNED TO US IF THIS BID IS NOT ACCEPTED, OTHERWISE TO BE DEPOSITED BY <br />SAID CITY TREASURER AND, WHEN THE BONDS ARE DELIVERED AND PAID FOR UNDER THE <br />TERNS OF THIS BIDj TO BE CONSIDERED AS PART PAYMENT THEREFORj OR TO BE <br />RETAINED AS AND FOR LIQUIDATED DAMAGES IN CASE WE FAIL TO TAKE UP AND PAY <br />FOR THE BONDS. <br /> <br />ALL PROPOSALS SHOULD BE ADDRESSED TO: <br /> <br />THE CITY MANAGER <br />CITY OF CHARLOTTESVILLE~ VA. <br />P. O. Box 911 <br />CHARLOTTESVILLE~ VIRGINIA <br /> <br />OR IF DELIVERED IN PERSON TOt <br /> <br />CITY MANAGERtS OFFICE. <br />SECOND FLOOR - CITY HALL <br />CHARLOTTESVILLE, VIRGINIA <br /> <br />SIGNED WERTHEIN & Co. (MANAGER) <br /> <br />DEAN WITTER & Co. <br /> <br />HENPHILL~ NOYES & Co. <br />GOODBODY & Co, <br /> <br />J. C. BRADFORD & Co. <br /> <br />TU. CKE% ANTHONY & R. L. DAY <br /> <br />BY WERTHEIM & Coo <br /> <br />J. C. FiTTERER <br /> <br />RESPECTFULLY RECOMMEND THAT YOU CONFIRM MY ACCEPTANCE OF THE ABOVE <br /> <br />BID. <br /> <br />RESPECTFULLY SUBMITTED~ <br /> <br />(SIGNED) JAS. E. BOWEN, JR. <br /> <br />CITY MANAGER <br /> <br />ON NOTION BY MR. SCRIBNER~ SECONDED BY MR. MOUNT, THE FOLLOWING RESOLUTION <br /> <br />WAS UNANIMOUSLY ADOPTED: <br /> <br /> BE IT RESOLVED BY THE COUNCIL OF THE CITY OF CHARLOTTESVILLE, <br />VIRGINIA, THAT THE SALE OF *3~500, O00. O0:CITY OF CHARLOTTESVILLE~ <br />SCHOOL IMPROVEMENT BONDS, SERIES OF 1963, BEARING INTEREST ON THE <br />FIRST 5 MATURITIES AT THE RATE OF 3.25~ PER ANNUM, ON THE NEXT 6 <br />MATURITIES AT THE RATE OF ~.80~ PER ANNUM~ ON THE NEXT 4 MATURITIES <br />AT THE RATE OF 2.90~ PER ANNUN~ AND ON THE NEXT 5 MATURITIES AT THE <br />RATE OF 3o00~ PER ANNUM FOR THE SUM OF '3,503~045.00 PLUS ACCRUED <br />INTEREST FROM THE DATE OF THE BONDS TO THE DATE OF DELIVERY~ AS <br />REPORTED BY THE CITY MANAGER~ BE AND THE SAME IS HEREBY APPROVED <br />AND CONFIRMED. <br /> <br /> AND BE IT F~THER RESOLVED THAT THE CITY MANAGER PROCEED TO <br />HAVE SAID BONDS PREPARED AND DELIVERED TO THE SUCCESSFUL-BIDDER <br />UPON PAYMENT IN ACCORDANCE WITH THE TERNS OF THE BID. <br /> <br />ON NOTION THE MEETING ADJOURNED. <br /> <br />CLERK <br /> <br />COUNCIL CHAMBER - JUNE 1~ 1964 <br /> <br /> THE COUNCIL MET IN REGULAR SESSION ON THIS DATE WITH THE FOLLOWING MEMBERS <br /> <br />PRESENT: MR. HAGGERTY~ HR. LEE, HR. MOUNT, MR. PONTON AND HR. SCRIBNER. ABSENT: NONE. <br /> <br /> THE MINUTES OF THE MEETINGS OF MAY 18~ 1964 AND ~AY 19~ 1964 WERE READ AND APPROVED. <br /> <br /> <br />