JUL 1950 TO MAY 1954 - Laserfiche WebLink

1 FORM OF BID: All bids must be unconditional; for not less than all of the bonds hereby offered for sale; and for not less than the par value thereof and accrued interest to date of delivery. Such bids, together with bidders check, must be enclosed in a sealed envelope addressed to the City Council of the Town of Pleasanton and endorsed "Proposal for Town of Pleasanton 1953 Improvement Bonds." 131D CHECK: With each bid must be submitted a certified check or cashier's check for $11,500.00 drawn on a bank or trust company transacting business in the State of California, payable to the order of the City Treasurer of the cn Town of Pleasanton to secure the Town from any loss resulting from the failure of the bidder to comply with the terms of his bid. In addition bidders are requested (but not required) to supply an estimate of the total net interest cost to the Town on the basis of their.respective bids, which shall be considered as informative only and not binding on either the bidder or the Town. Checks of the unsuccessful bidders will be returned by the Town by mail upon the award of the bonds. No interest will be paid upon the deposit made by the successful bidder. PROMPT DELIVERY: Delivery of said bonds will,be made to the successful bidder Alt the office of the City Treasurer in the Town of Pleasanton, Town of Pleasanton, Alameda County, California, as soon as the bonds can be prepared, which it is estimated will be about September 8, 1953. RIGHT OF .The..successful bidder shall have the right, at his option, to cancel CANCET,LATION: the contract of purchase if the Town of Pleasanton shall fail to tender the bonds for delivery on or before September 18, 1953, and in such event the successful bidder shall be entitled to return of the deposit accompanying his bid. The Town of Pleasanton was incorporated in 1894. The population ;Census taken in 1950) was 2244; estimated population as of this date 2700. The assessed valuation of all taxable property in said Town is $1,675,900.00, and the total bonded indebtedness (not including this issue) is $116,000.00. The tax collection record of said City is as follows: Fiscal Year 1948 -49 $17,247.16 1949 -50 18,171.23 1950 -51 18,884.32 1951 -52 20,712.51 1952 -53 21,689.50 ATTEST: Total amount of town taxes levied for each fiscal year City Cle; of the Town of Pleasan on. FINANCIAL STATEMENT Amount of town taxes un- .collected at the end of each fiscal year X433.77 181.28 181.20 273.82 Unknown City Clerk A :f the Town of Pleasanton OF Section 10. The City Clerk is further authorized and directed to mail Notice of Sale of said bonds to the State Treasurer and to the Department of Finance of the Stateoof California at Sacramento, California. Section 11. This Resolution shall take effect from and after its passage and approval. PASSED AND ADOPTED at a regular meeting of the City Council of the Town of Pleasanton held the 18th day of May, 1953, by the following votes of members of said City Council, viz: AYES: Councilmen Abrott, Cairo, Hansen, Hewitson and Trimingham NOES: None ABSENT: None APPROVED May 18, 1953 easanto or of the Town 2.:i.7.