HomeMy WebLinkAbout00. MINUTES 05-14-1959MINUTES OF AN ADJOURNED REGULAR MEETING
OF THE DISTRICT BOARD
CENTRAL CONTRA COSTA SANITARY DISTRICT
HELD MAY 14, 1959
The centrL Contra Costa Sanitary District Session at its regular
place of meeting located at 1250 Springbrook Road, Walnut Creel,
County of Contra Costa, State of california, on May 14, 1959, at 11:00 o'clock
A.M.
The meeting was called to order by member Salfingere.
ROLL CALL
PRESENT: Member: Salfingere
ABSENT: Members: Mitchell, Roemer, Spiegl, and Fisher
There being no quorus present, Member Salfingere ordered te meeting
adjourned at 8:00 P.M. of the same date.
OPENING BIDS FOR $2,500,000 1969 SEWER BONDS, SERIES C
The secretary called for the opening of bids for $2,500,000 1959
Sewer Bonus, Sereis C which were as follows:
Bank of America, N.T. & S.A. and Associates
$660,000 par value maturing June 1, 1960 to June 1, 1974
inclusive bearing interest at 5%
1,125,000 par value maturing June 1, 1975 to June 1, 1988
inclusive bearing interest at 1-1/4%
715,000 par value mautrng June 1, 1989 to June 1, 1994
inclusive bearing Interst at 4.40%
Premium, $219.00
Gross interest cost to District $2,424,145.00
Net interest cost to District $2,423,926.00
Net interest rate 4.39196%
Referred to Stone and Youngberg for checking and report at the 8:00
o;'clocl P.M. meeting fo the same date.