HomeMy WebLinkAboutRes1963-352
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RESOLUTION NO. 352
l~EREAS, the results of the Special Election held in the
City of Seward on November 19, 1963 were overwhelmingly in
favor of "Proposition A" presented to the electorate by that
Special Election, and
-WHEREAS, the United States of America, through the Housing
and Home Finance Agency of the Community Facilities Adminis-
tration, has advised that the Accelerated Public Works
Program, under which a grant offer of $134,500.00 for street
improvements has been offered to and accepted by the City of
Seward, will be discontinued as of January 16, 1964, and
that a firm committment of availability of the funds for
these street improvements which are the responsibility of the
City of Seward must be on record not later than December 30,
1963, and
~mEREAS, on December 17, 1963, the City Council acted to
request an offer for the purchase of the general obligation
bonds as authorized by the above special election, from the
firm of Marshall and Meyer, Inc.,
NOW, THEREFORE, BE IT RESOLVED, that the terms and conditions
of offer of Marshall and Meyer, Inc. dated December 18, 1963
to purchase $135,000. City of Seward, Alaska, General Obliga-
tion Street Improvement Bonds dated January 1, 1964, bearing
interest at the rate of 4-1/4% be accepted and the City agrees
to sell such bonds under the conditions set forth in the
above described letter of offer to purchase, providing only
that a responsive construction bid within the funds available
for construction of the said street improvements is received
at the bid opening for same on January 10, 1964.
This Resolution to be in full
force and effect irrediately
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RESOLUTION NO. 352 (Cont.)
upon passage and approval. Passed and approved by the
Common Council of the City of Seward, Alaska, this 19th day
of December, 1963.
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Richard W. Kirkpatrick
Acting Mayor
Attest:
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Beatrice E. #atts
City Clerk-Treasurer