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HomeMy WebLinkAboutBOARD MINUTES 10-14-48 1~3 MINUTES OF A SPECIAL MEETING OF THE DISTRICT BOARD OF CENTrtAL CONTRA COSTA SANITA~Y DISTRICT HELD .- OCTOBER_~4J 194~.__._----- The District Board of the Central Contra Costa Sanitary District convened in special session at its regular place of m~eting located at 1822 Mt. Diablo Boulevard, in the City of Walnut Creek, County of Contra C.osta, State of California, on the 14th day of October, 1948, at the hour of 8:00 o'clock p.m. The meeting was ~alled to order by President Johnson, and the followin~ roll was called: PRESENT: Members Smitten, Toland, Wadsworth and Weill and Johnson. ABSENT: None APPOINTMENT OF SECRETARY PRO TEM It waS moved and seconded thet Mrs. Phillips be appointed as 3?cretary Pro Tern. Carried unanimously. READING OF MINUTES It was moved by Member Smitten, seconded by Member Toland that the reading of Minutes of the previous meeting be waived, and that they be approved as entered. Carried unanimously. BIDS - ORINDA PillIPING Sl'ATIONS The following bids were received and opened, for the construction of the Orinda Pumping Stations: Chas. T. Brown & Kiss Crane Co. Jenson & Mangs, Palo Alto $134,825 $141,180 Fred J. Early,Jr. Co. Inc. San Francisco 169,235 170,933 E. V. Lane Co., Palo Alto Stanley H. Koller, Crockett 150,500 155,117 Adrun Arras & Son, San Francisco The bids were referred to the Engineer for tabluation and recommendation. A motion was made by Member Smitten, seconded by Member Weill that the bids be held over for report on October 21, 1948. Carried. 10 14 48 184 BLANKET RECORDATION OF AGRE~1ENTS ON DEEDS OF DEDICATION The following resolution was offered by Member Wadsworth, seconded by }ilember Smitten: RESOLUTION NO. 379 ~mEREAS, the Central Contra Costa Sanitary District is acquiring by Deeds of Dedication for sewer easements, numerous rights-of-way within which to pIece sanitary sewers; and ~ŒEREAS, it is necessB,ry that such Deeds of Dedication be recorded promptly in the office of the rtecorder of the County of Contra Cost~, and HHEREAS, the title to many of sA,id easements and rights-of-way are encumbered by deeds of trust, mortgages and other liens, and it is necessary to subordinate such liens to said easements and rights- of-way, NOV1, THEREFORE, BE IT RESOLVED that ell subordine,tion agreements and deeds of partial reconveyance relating to such easements and rights-of-way be and they are hereby accepted, and the Recorder of the County of Contra Costa be and he is hereby authorized and directed to record said agreements and reconveyances with the certificate of acceptance on behalf of this B08rd executed by the Secretary of this District endorsed thereon and without further action by the District Board of the Central Contra Costa Sanitary District. PASSED AND ADOPTED by the District Board of the Central Contra Costa Sanitary District of Contra CosLa County, State of California, this 14th day of October, 1948, by the following called vote: AYES: NOES: ABSENT: Members Smitten, Toland, Wadsworth, Weill and Johnson None None /s/ Elliott Johnson, President of the District Board of Central Contra Costa Sanitary District, of Contra Costa County, State of California Countersigned: /s/ Morna Phillips, Secretary Pro Tern BIDS FOR CONSTRUCTION OF LOCAL IMPROVEMENT DISTRICT NO.5 The following bids were opened and read, and were referred to the Engineer for tabulation and recommendation: Oakland Sewer Construction Co. G. T. Chestnut $45,500.00 47,340.00 Underground Construction Co. 56,726.00 38,393.50 Associated Electrical & Mechanical Co. The Engineer recommended awe,rd of contract to the lowest bidder. The following resolution was offered by Memb~r Weill, seconded by Member Toland: 10 14 48 185 RESOLU~ION NO. 380 RESOLUTION OF AWARD OF CONTRACT FOR WORK IN LOCAL IMPEOVEI.ŒN'.r DISTRICT NO.5 RESOLVED that the District Board of Central Contra Costa Sanitary District, Contra Costa County, State of California, having in open session on the 14th day of October, 1948, opened, examined and public- ly declared all sealed proposals or bids offered for doing the work hereinafter mentioned; HEREBY rejects all of said ~IDS except that hereinafter mentioned, and hereby AWARDS the Contra.ct to the lowest, regule.r responsible BIDDER, to-\v1 t: To ASSOCIATED ELECTRICAL & I,IECHANICAL COMPANY at the prices spec- ified in its proposal for doing said work now on file. The work herein referred to is the construction of sanitary sewers and appurtenances for that area, and to the extent, with the materials and in the manner, set forth in Resolution of Intention No. 354, adopted by said District Board on the 2nd day of September, 1948, reference to which said Resolution o~ Intention is hereby made for a description of said wor}: and improvement, and the terms and conditions under which the same is to be done. The Secretary of said District Board is hereby directed to publish notice of this AWARD, twice in The Courier-Journal, a weekly newspaper published and circulated in said Slimi tary District as reouired by la.w. PASSED AND ADOPTED by said District Board of the Central Contra Cos ta Sanitary Di strict, Cont ra Costa County, State of Californ ia, this 14th day of October, 1948. A:iES: 1\1embers Smi t; en, Toland, Wadswortn, ìveill and J ohnso n. NOES: Members None ABSEl'; I' : lviembers None/ Countersigned: /s/ Elliott Johnson, President of the District Board of the Central Contra Costa San it ary District of Contra Costa County, State of California. /s/ Morna Phillips, Secretary Pro Tern PURCHASE OF PICKUP TRUCK It was moved by Member Weill, seconded by Member Smitten that all the biö.s for the pu::'chase of a half ton pickup truck that were submitted at the meeting of October 7, 1948 be rejected. Carried unanimously. It was moved by Memb.:or Toland, seconded by Member Weill that the Boprd purchase, on the open market, one GMC half-ton pickup truck, from Rector Motor Company at a cost of $1,~85.25 plus State license fees, as per their letter of October 13, 1948. Ca~ried unanimously. SEviER CONNECTION FOR II PLANTER I S DOC¡:II It was recommended by the Engineer, moved by Member Smitten and seconded by Member Wadsworth, that the Board approve the sewer connection charge of $500 for the restaurant knmvn as IIPlanter' s Dock". Carried unanimously. PAYMENT OF ARCHITECT. It was moved by Member bmitten, seconded by Member Weill that the Board authorize the payment of the bill for architectural services rendered by Mr. ¡¡ayne A. Little john for construction of the office 1014 48 186 building, in the final amount of $683.63. C~rrieã unanimously. PURCHADE OF POWER DRIVE It wes moved by Member Tole.nd, seconded by Hember Wadsworth that, in accordance with the Engineer's recommendation, the Board authorize the Engineer to purchase a power drive for sewer cleaning equipment at an approximate amount of $350. Carried unanimously. SELLING $40,000 PACHECO-HIGHWAY JUNC'l'ION 1948 BOND ISSUE The following resolution was offered by Member Wadsworth, seconded by Member Smitten: RESOLUTION NO. 331 HESOLU'r ION AND ORDER Of THE SANI'I;A~~Y BOARD OF CENTRAL CONTRA COSTA COUNTY, STA~:E OF CALH'ORNIA, PROVIDING FOR THE ISSUANCE OF' BONDS OF AND FOR THE TE&'UTORY ANNEXLD TO SAID DISTRICT BY RESOLUtION ANDORDl:..R OF THE BOA~-m OF SUP=RVISORS OF CON'rRA COSA COUNl'Y, ADOPL'ED JANUARY 19, 1948, IN THE AGlJREBATE PRINCIPAL AMOUNT OF $70,000, AND DIRECTING THE SALE OF $40,000 PRINCIPAL M~OUNT THEREOF. w~EREAS, this Sanitary Board on the 24th day of June, 1948, did order a special election to be held on the 27th day of July, 1948, in the territory annexed to Central Contra Costa Sanitary District by Resolution and order of the Board of Supervisors of Contra Costa County, adopted January 19, 1948, for the purpose of submitting to the oualified electors of said annexed territory the following proposition, towit: PROPOSITION: Shall Central Contra Costa Sanitary District, Contra Cost a County, California, issue $70,000 principal amount of bonds for the purpose of raising money for the acquisition and construction of sewers, drains and sewerage collection, outfall, treatment works and sanitary disposal system in the territory known as Pachpco and Highway Junct ion area, flnnexed to said Central Cont re Costa Sanitary District by resolution and order of the Bo!:rd of Supervisors of Contra Costa County dated January 19, 1948, both the prin- cipal of and interest on said bonds to be payable from taxes limited to the property in said annexed territory subject to taxation by said District? and WHEREAS, notice of said election was duly and regularly given and said election was duly and regularly held on July 27, 1948, in and throughout said annexed territory, and the result thereof was duly and regularly canvassed ene, more than two-thirds of the votes cast at said election were in favor of issuing said bonds; and í<lHEREAS, it appears to tl1is BoArd, and t:nis Board hereby finds and declares, that all acts, conditions and things required by law to exist, happen end be perfoy'med precedent to and in the calling of and the conduct of said election, and the determining of the result thereof, and precedent to the issuance of said bonds have existed, ha~pened and been performed in due time, form and manner as reQuired by law; NOVv, THEREFORE, BE IT RESOLV~D BY THE SANITA-~Y BOARD OF CENTRAL CONTRA COSTA SAI-JL;:'ABY DISTRICT, as follows: FIRST: That all recitals herein set forth are true and correct. SECOND: That bonds be issued by Central Contra Costa. Sanitary District of Contra Costa. County in pursuanc e of the aforesaid election 10 14 48 187 end provisions of law applicable thereto, and as provided by said proposition a'oove set fort!], in the aggregate principal sum of Seventy Thousand Dollars ($70,000). Said bonds shall be designated "Pacheco end riighway Junction Annexation Issue of 1948", shall be of the denomination of One Thousand Dollars ($I,OOO) each, numbered from I to 70, both inclusive, and shall beer interest at a. rate not t.o exceed five per cent. (5.%) per annum, payable semi-annually. The exact rate of interest to be paid on saidbonds, or any portion thereof, shall be designated at the time of determining the best bid and making the award after advertising for sealed proposals for the purchase thereof. Said bonds shall be dated December 15, 1948; shall be of the character known as "serial"; and shall mature in consecutive nwnerical order, from lower to hipper, as follows, to wit: $3,000 principBl amount of said bonds shall mature and be payable on December 15 in each of the years 1949 to 1958, both inclusive; and $4,000 principal amount of said bonds shall mature and be payable on December 15 in each of the years 1959 to 1968, both inclusive. Interest accruing on said bonds shall be payable semi-annually on the 15th day of June and the 15th day of December of each and every year until said bonds are redeemed and paid. Such interest prior to maturity shall be evidenced by interest coupons attached to said bonds and each of such coupons shall represent six months' interest accruing on the bond to which it is attached. Both the principal of B.nd int erest on said bonds shall be payable in lawful money of the United Statæof America at the office of the Treasurer of the County of Contra Costa, in MaI'tinez., California. THIRD: Thnt said bonds shall be issued in substantie.lly the follo~ing form, to wit: UNITED STATES OF AMERICA State of California CENTDAL CONTRA COSTA SANITARY DISTRICT (territory annexed JAnuary 19, 1948) PACHECO AND HIGHWAY JUNCTION ANNEXATION ISSUE OF 1948 CENT~L CONTRA COSTA SANITARY DISTRICT OF CONTRA COSTA COUNTY, STATE OF CALIFORNIA, acknowledges the territory of said District annexed January 19, 1948, to be indebted and for value received promises to pay, exclusively from the fund hereinafter mentioned, to the bearer (or if this bond is registered, to the registered holder hereof) on the 15th day of December, 19--, O~THOUSAND DOLLARS (~1,000) together with interest thereon at the rate of . (-) per cent. per annum until payment of sa.id principal sum in full, payable semi-annually on the 15th day of June and the 15th day of December of each year. Unless this bond is registered, such interest, prior to maturity, shall be payable only on presentation and surrender of tile proper interest coupons hereto attached as they respectively become due. Both the principal of and interest on tilÌs oond are payable in lawful money of the United States of America at the office of the Treasurer of Contra/Costa County, Martinez, California. Both the principal of and inter?st on this bond (and on all bonds of tl1is authoriz.ed i ssue) are pAyable exclusively from taxes limited to the ta.xable property in the territory lmnexed to said Central Contra. Costa Sanitary District of Contra Costa County by resolution and order of the Board of Supervisors of Contra Costa County duly passed and adopted on the 19th day of January, 1948. 10 14 48 188 This bond is one of a series of bonds of like tenor and date (except for such verie.tions, if any, as may be required to designate v8.rying numbers, maturities or interest rates) numbered from 1 to 70, both inclusive, amounting in the aggregate to the sum of Seventy Thousand Dollars (~70,000), and is issued and sold by the Sanitary Board of Central Contra Coste. Sanitary District of ContrA Costa County, State of California, forthe purpose of raising money for the acquis- i tion and construct ion of se'vvers, drain s and sewerage collection, outfall, treatment works and sanitary disposal system in the territory annexed to said Central Contra Costa Sani ts.ry District by resolution and order of the Board of Supervisors of Contra Cos~a County passed and adopted on January 19, 1948, all in pursuance of and in strict conformity with the provisions of the Health and Safety Code of the State of California, and the Constitution of the State of California, and is B.uthorized by a vote of more than two-thirds of the oualified 3lectors resident within said annexed territory voting at an election duly and legally called and held and conducted in said annexed territory. The Sanitary Board of Central Contra Costa Sanitary District of Contra Costa County, State of California, hereby certifies and declares that said election was duly and legally called, held And conducted, and thRt notice thereof was duly and l~gally given and published, and the result thereof was duly and legally canvassed and declared in the manner and as reQuired by law, and tœt all acts, conditions and things reQuired by law to exist, happen and be performed precedent to B.nd in the issuance of said bonds have existed, happened and been performed in regular and in due time, form and manner and in strict accordance with the provisions of the law authorizing the issue of sanitary district bonds. It is fu:-ther certified and declared that the total amount of indebtedness of the said territory annexed to said Central Contra Costa Sanitary District of Contra Costa County by resolution and order of the Board of Supervisors of Contra Costa County passed and adopted on Jammry 19, 1948, including this issue of bonds, is within the limit provided by law, and that due provision has been made for the levy and collection of an annual ad velorem tax upon all the taxable property in the territory annexed to said District by resolution and order of the Board of Supervisors of Contra Costa County, passed and adopted on January 19, 1948, sufficient to pay the prinbipal and interest on this bond as the same shall fall due and to provide a sinking fund f or the redempt ion 0 f thi s bond on maturity. For the punctual payment of tHis bond, with interest he reon a.s aforesaid, Emd for the levy and collect ion of taxes suff- icient for that purpose the full faith and credit of that portion of the Central Contra Costa San it ary District of Contra Costa County consisting of the territory annexed to said Central Contra Costa Sanitary District of Contra Costa County by resolution and order of the Board of Supervisors of Contra Costa County passed and adopted January 19, 1948, are hereby irrevocably pledged. This bond may be registered in the manner provided by law and thereafter the principal hereof and interest hereon shall be payable only to such registered owner. IN WITNESS WHEhEOF, the Sanitary boRrd of Central Contra Costa Sanitary District of Contra Costa County, State of California., has ca.used thi s bond to be signed by its Presi dent and countersigned by i ts Secretary, with the seal of sa.id Board attached, and has caused the interest coupons attached hereto to be signed by the facsimile signe.tures of it s President and Secretary, end tni s bond to be dated this 15th day of December, 1948. CounterE".gned: /5/ Elliott Johnson, President of the Sanitary BoArd of Central Contra Costa Sanitary District of Con~ra Coste County, State of California G. S. Cutler, Secretary of the Sanitary Board of Central Contra Costa SanitRry District of ConDra Costa County, S~ate of California. 10 14 48 189 To each of said bonds sh~ll be attpched interest coupons in sub- stantially the following form, to wit: Coupon No. The Treasurer of Contra Costa County, State of California, on the 15th day of 19 will (unless the within mentioned bond be registered) pay to the bearer hereof exclusively from the Bond Fund Pacheco and Highway Junct ion Annexation Issue of 1948 of C~ntral Contra Costa Sanitary District of Contra Costa County, as set forth in the within mentioned bond, at his office in Martinez, in said County and State, the sum of Dollars in I awful money of the Uni ted Sta.tes of America, for interest then due on Bond. . . . . . . . . Pacheco and Highway Junction Annexation Issue of 194.ß. $ No. President of the Sanitary board of Central Contra Costa Sanitary District of Contra Costa County, State of Califor.nia. Countersigned: Secretary of the Sa.nit ary Board of Central Contra Costa Sanitary District of Contra Costa County, State of California. FOURTH: ThAt said bonds shall be signed by the President of the Sanit!Jry Board of Central Con"cra Costa Sanitary District of Contra Costa County, State of California, and countersigned by the Secretary of said Sanitary Board, and shall have the seal of the Sanitary Board of said District attached; that the aforesaid officers be, and they are hereby, authorized from time to time a.s required by this Board to sign, seel, countersign and number said bonds and to insert therein the proper dates in the manner pre- scribed by law and by this order; that said coupons shall be signed by said President and Secretary by printed or lithographed fac- simile signature; t11at said President and Secretary be, and they hereby are authorized from time to time as required by this Board to sign and number said coupons and to insert therein all necessary numbers and dates in the manner provided by law and by this reso- lution and order, or any applicable resolution hereafter a.dopted by this Board prescribing the interest rates which such bonds shall bear; and that thereupon said officers shall deliver said bonds so executed to the Cøunty Treasurer of Contra Costa County for safekeeping. FIFTH: The Sanitary Board of said Central Contra Costa Sani- tary District of Contra Costa County shall annually levy a tax upon the taxable property in the said territory annexed to said Central Contra Co sta. Sanitary Di strict of Contra Cos ta County, State of California, by resolution and order of the Board of Sup- ervisors of Contra Costa County passed and adopted on the 19th day of January, 1948, sufficient to pay the interest on said bonds for the year and such portion of the principal as is due or is to become due during such year, so thet the entire amount of principal and interest of said bonds shall be pa.id at the respective dates of maturity thereof. The taxes herein required to be levied and collected shall be in addition to all other taxes levied for sRni tary purposes in said District and. shall be collected at the time fI..nd in the same ma.nner and by the same officers as other district tc9.xes are collected and shall be used for no other pur- pose than the payment of said bonds and accruing interest. Said taxes, when collected, shall be forthwith deposited by the County 10 14 48 190 Tre~.surer in the "Bond Fund Pacheco and Highway Junction Annexa- tion Issue of 1948 of Central Contra Costa Sanitary District of Contra Costa Countyll, and all sums to become due for principal and interest on said bonds shall be paid from such fund. SIXTH: Forty ThousandDollars ($40,000) principal amount of said bonds shall be sold by the Sa,ni tary Board of Central Contra Costa Sanitary District of Contra Costa County on the 4th day of November, 1948. Said bonds to be issued and sold shall be nUQ- bered and shall mature and become payable as follows, to wit: Bond Nos. Principal Maturity (Inclusi ve) Amount Date 1 to 3 $3,000 December 15, 1949 4 to 6 3,000 Decemb("r 15, 1950 7 to 9 3,000 December 15, 1951 10 to 12 3,000 December 15, 19S2 13 to 15 3,000 December 15, 1953 16 1,000 December' 15, 1954 19 1,000 December 15, 1955 22 1,000 December 15, 1956 25 1,000 December 15, 1957 28 1,000 December 15, 1958 31 and 32 2,000 December 15, 1959 35 and 36 2,000 December IS, 1960 39 and 40 2,000 December 15, 1961 43 and 44 2,000 December 15, 1962 47 and 48 2,000 December 15, 1963 51 and 52 2,000 December 15, 1964 55 and 56 2,000 December 15, 1965 59 and 60 2,000 December 15, 1966 63 and 64 2,000 December 15, 1967 67 and 68 2,000 December IS, 1968 And the Secretary of said Sanitary Board is hereby authorized and directed to cause notice of the sale of said bonds to be published once in the IIWalnut Creek Courier-Journal", a newspaper of general circulation, printed and published in said District, and such notice shall be substantially in the following form, to wit: OFFICIAL NOTICE OF SALE OF BONDS OF TE?RITORY ANNEXED TO CENTRAL CONTRA COSTÚ SANITARY DISTRICT OF CONTRA COSTA COUNTY, STATE OF CALIFORll IA, BY RESOLUTION AND ORDER OF THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, ADOPTED JANUARY 19, 1948 NOTICE IS HEREBY GIVEN that sealed proposals will be received by the Bani tary Board of Centr8.1 Contra Costa Sanitary District of Contra Costa County, State of California, at the office of said District, 1822 Mt. Dia.blo Boulevard, City of Walnut Creek, Contra Costa County, California, on TliURSDAY, NOVEHBER 4, 1948 at the ~our of 11:00 o'clock A.M. (C.D.S.T.) for the purchase of $40,000 principal amount of bonds of the territory annexed to Central Contra Costa Sanitary District by resolution and order of the Board of Supervisors of Contra Costa County, adopted Janul,œy 19, 1948, which said bonds are designated IIPacheco and Highway Junction Annexation Issue of 194811, (Being pe,rt of 8_n authorized issue of $70,000 principal amount of bonds) and more particularly described below: 10 14 48 19J ISSUE: *40,000, consisti~g of 40 bonds of the denomination of ~1,000 each, all dated December 15, 1948. Said bonds constitute the initial portion of an ~uthorized issue of $70,000 principal amount of bonds. The remAining $30,000 principal amount of bonds of said authorized issue may be hereafter issued and sold whenever in the ju6gment of the Sanitary Board additional funds are required. It is not contemplated that said remaining i30,000 principal amount of' bonCis of said authoriz.ed issue will be sold prior to July 1, 1949. INTEREST ?ArE: Maximum five (5) per cent. p"'r annum, payable semi- annually on June 15 and December 15 in each year. Bidders must specify the rate of interest which the bonds hereby offered for sale shall be9r. Bidders will be pe~litted to bid different rates of interest and to split rates irrespective of the maturities of said bonds. The interest rate stated in the bid must be in a multiple of one-quarter of one per cent. per annum, payable semi-annually. 1<lATURITIES: The bonds hereby offered for sale mature serially on Decemb~r 15 in each year, as follows: PrinciD81 amount l-faturi ties $3,000 1949 to 1953 1,0OO 1954 to 1958 2,000 1959 to 1968 tall years inclusive, ana withou~ option of prior redemption). PAYl-1ENT: Both principal and interest payable in lawful money of the United States of America, at the office of the Treas- urer of Contra. Costa County, in the City of Marti nez, Califor. ia, exclusively from the Bond Fund Pacheco and Highway Junction Annex8.- tion Issue of 1948 of Central Contra Costa Sanitary District into which is to be deposited the proceeds of taxes limited to the tax- able property of said annexed territory. REGISTRkrION: Coupon bonds will be issued by the District. Such bonds are registerable only a.S to both principal and interest. PUrPOSE OF' ISSUE: Said $70,000 princ ipa.l amount of bonds was auth- orized by two-thirds vote of the oualified elec- tors of said annexed territory at a special bond election held in said annexed territory for the purpose of raising money for the acquisition and construction of sewers, drains and sewerage collec- tion, outfall, treatment works and sanitary disposal systèm in the terrl tory annexed to Central Contra Costa Sa;.' it,ary District by resolution and order of the Board of Supervisors of Con~ra Costa County, adopted January 19, 1948. S:::CUBITY: Said bonds are not obligations of Central Contra Costa Sanitary District, as such, but taxes for the payment of the principal of and interest on said bonds are limited to the property, subject totaxation by said district, situate within the territory annexed to said District by resolution and order of the Boprd of Supervisors of Contra Costa County adopted Janupry 19, 1948; and the Sanitary Boarf of said District has power and is obligated to cause annual ad valorem taxes to be levied upon all property, subject to taxation by said District, in the territory annexed to said District by said resolution and order, adopted JenuB.ry 19, 1948, for the payment of .ooth the principal of and interest on said bonds without limitation of rate or amount. TAX EX:j.iPT STATUS: In the event that prior to the delivery of the conds tne income received by private holders from bonds of the same type and character shall be declared to be taxable under any Federal Income 'rax Laws, either by the terms of such laws or by ruling of R Federal Income Tax autnority or Official which is followed by the Bureau of Internal Revenue, or by deeision 10 14 48 L92 of any Federal Court, the successful bidder may, at his option, prior to the tender of said bonds by the District, be relieved of his obligation unGer tne contract to purchase the bonds, and in such case the deposit accompanying his bid will be returned. L~GAL OPINION: The legal opinion of Messrs. Orrick, Dahlquist, Neff & Herrington, of San Francisco, California, approving the validity of said bonds will be furnished to the successful bidder without charge. TERNS OF SALE IIIGHE..3T BID: The bonds will be a'varded to the hifbest and best bidder considering the interest rate or rates specified and the premium offered, if any. The higbest bid will be determined by deducting the amount of the premium bid (if Rny) from the total amount of interest which the District would be required to pay from the date of said bonds to the respective ffiB.turi ty dates a t the coupon re.te or rates specified in the bid, and the award will be made on the basis of the lowest net interest cost to the District. The lowest net interest cost shall be com- puted betweenthe dates aforesaid according to standard bond interest tables. The purchaser must pay accrued interest from the date of the bonds to the date of delivery. The cost of printing the bonds will be borne by the District. RIGHT OF REJECTION: The District reserves the right, in its dis- cretion, to reject any and all bids and to waive any irregularity or informality in any bid. PROMPT AWARD: The Sanitary board will take action awarding the bonds or rejecting all bids not later than 24 hours after the expiration of the time herein prescribed for the receipt of proposals; provided, that the award may be made pfter the ex- piration of the specified time if the bidder shall not have given to the Board notice in writing of the withdrawal of such proposal. PRo~œT DELIV;RY: Delivery of said bonds will be Dade to the successful bidder at the office of the Treasurer of Contra Costa County, in Martinez, Ca.lifornia, HS soon as the bonds can be prepared, which it is e stiìjla ted will be December 15, 1948. RIGHT OF CA~CELLATION: The successful a.t his option, purchase if the District shall fail to ery on or before January 30! 1949, and bidder shall be entitled to the return his bid. bidder shall have the right, to cancel the contract of tender the bonds for deliv- in such event the successful of the deposit accompanying FOR14 OF BID: All bids must be unconc1i ti ona I for not Ie S8 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 bidder's check must be enclosed in a sealed envelope ad~ressed to the Sanitary Board of Central Contra Costa Sanitary District of Contra Costa County and endorsed "Proposal for Pacheco and HighwEty Junc t ion Annexati on IsRue of 1948 Bonds, to be issued by Central Contra Cost~ Sanitary District of Contra Costa County." BID CHECK: With each Did mu3t be submitted a certified check or cashier's check for ~5,OOO, drawn on a bank or trust company authorized to transact business in theStRte of California, payable to the order of the Treasurer of Contra Costa County to secure the District from any loss resul tinË;: Î rom the failur'e of the bidder to comply with the terms of his bid. In addition bidders are requested (but not recuired) to supply an estimate of the total net inter~st cost to the District on the basis of ~;"'" ~ 10 14 48 193 their respective bids, which shall be considered as inform~tive only and not binding on either the bidder or the District. Checks of the unsuccessful bidders will be returned by the District by mail upon the award of the bonds. No interest will be paid upon the deposit made by any bidder. FINAtiCIAL STATEMENT Further information relative to the financial condition of the District will be furnished to any bidder upon request. There is no controversy or litigation pending or threatened concerning the validity of the above issue, the corporate existence of the District, or the title of the officers to their respective offices. Dated: October 14, 1948 G. S. Cutler, Secretary of the Sanitary Board of Central Contra Costa Sanitary District dfContra Costa County, State of California, PASSED AND ADOPTED t~1Ì s 14th day of October, 1948, by the following vote: AYLS: Members Sr:lit-':en, Toland, Wacts"('v'orth, ~velll & Johnson NO£S: None ABSENT: None Countersigned: Elliott Johnson, President of the Sanitary Board of' Central Contra Costa Sanitary District of Contra Costa County, State of California. M. S. Cutler, Secretary of the Sanitary Board of Central Contra CostA Sanitary District of Contra Costa County, State of California. DEEDS OF DEDICATION FOR SEWER EA3Ð-ŒNT The followin~ Deeds of Dedication were accepted and recordeå under Resolution No. 341: Deed from Nick J. & Myrtle E. Berzovich, over a portion of Lot 9 of Pleasant Hill Gardens, known as Parcel 5 of Local Improve- ment District No. I. Deed from Robert H. & Macil o. Clapp, over a portion of Lot 15 of Kendell Acres, known as Parcel IA of Local Improvement District No.2. Deed from James Powell & Ann Anger Trotter, over Ð portion of Lot 30 of the Goodmpn Tract, known as Parcel 13 of Local Improve- ment District No.2. Deed from Orlo H. Sommers, et aI, over a portion of Lot 15 of Floraland Tract, known as Percel 19A of Local Improvement District No.2. Deed from Conrad and Manda Lillegprd, over a portion of Lot I in Block D of Dewing Park Extension, knov-ffi 8.S Parcel 7lA of Local Improvement District No.2. Dead from Mrs. Doris Crosby, over a portion of Lot 43 of R. N. Burgess Company's Macdonough Subdivision, known as Parcel 7 of Local Improvement District No.4. 10 14 48 194 Deed from Kevin G. & Lena Sullivan, over a portion of Lot 14 of Glenside Estates, known as Parcel 2 of Local Improvement District No. II. ADJOU~Nì-1ENT There being no further business, it was moved by Member Smitten, seconded by Member Toland thAt the meeting pdjourn to October 21, 1948 at 8:00 o'clock p.m. Carried unanim)usly. ,,-':'. ,.r:.":" t1 'f;,' Presi6entf"ð'f ~he District Board of Central Contra Costa Sanitary Di strict of Contra. Coste. County, State of California. Countersigned: / ~~ ~~,tL AV- Secretary Pro T~Q of the District Board of Central Contra Costa Sanitary District 1 () 1 ~í J ,.~' . .