HomeMy WebLinkAboutBOARD MINUTES 05-01-58
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MINUTES OF AN ADJOUR~ED REGULAR MEETING
()F TIlE DISTInCT BOARD
CEN'ffiAL CON'ffiA COSTA SANITARY DIS'ffiICT
HELD ~AY 1, 1958
The Central Contra Cost<1 Sanitary District Session at its regular place nf
meeting located at 1250 Springbrook Road, Walnut Cree'.;, County of Contra Cnsta,
State of California, on May 1, 1958, at 11:00 o'clock A~M.
The meeting was called to order by Member Sa1fingere.
ROLL
CALL
PRESENT:
Me;nber:
Salfingere
ABSENT:
Members:
Mitchell, Roemer, Spieg1 and Fisher
There being no quorum present, Member Sa1fingere ordered the meeting
adjourned until 8:00 o'clock P.M. of the same date.
OPENING OF BIDS FOR $2,500,000 1956 SEWER BONDS, SERIES B
The Secretary called for the opening of bids for $2,500,000.00 195f Sewer
Ronds, Series B, which were as follows:
Bank of America, N. T. & S. A. and Associates
$690,000.00
par value maturing May 1, 1959 to May 1, 1972
inclusive, bearing interest at 4-3/4%,
$240,000.00 par value maturing May I, 1973 to May 1, 1976
inclusive, bearing interest at 3.30%,
$995,OOO~00 par value maturing May I, 1977 to May I, 1988
inclusive, bearing interest at 3-1/2%,
$330,000.00
par value maturing May 1, 1989 ~o May I, 1991
inclusive, bearing interest at 3-3/4%,
$245,000.00
par value maturing May 1, 1992 to May 1, 1993
inc1usiv~, bearing interest at 3-1/4%.
Premium, $1,569.00.
Gross interest cost to District, $1,907,850.00.
Net interest cost to District, $1,906,281.00.
Net interest rat~, 3.6090%.
Taylor and Company and Associates
$485,000.00 1959 to 1968 maturities, inclusive, at the tate of 5% per annum.
$965,000.00 1969 to 1983 maturities, inclusive, at the rat,,:? of 3-1/2% per annum.
$f:05,OOO.00 1984 to 1991 maturities, inclusive, at the rate of 3-3/4% pe r annum.
$245,000.00 1992 to lQ93 matLJrities, inclusive, at the rate of 3-1/2% per annum.
Premium, $2,669.00.
Gross interest cnst to District, $1,944,125.00.
Net interest cost to District, $1,941,456.00.
Net interest rate, 3.6756%.
05
01
58
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Referrec'l to Stone and Youngberg for chec1-ing and rep..."rt at the R:OO
o'clock P.M. meeting of the same date. .
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Pre~ident of the District ~ard ,..,f
Central Contra Costa Sanitary District ",f
Contra Costa County, State of California
COUNTERSIGNED:
~~oard of
Central Contra Costa Sanitary District of
Contra Costa County, State of California
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