Resolution 7022 RESOLUTION NO. 7022
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MIAMI BEACH, FLORIDA:
SECTION 1. That the proposal of Halsey, Stuart & Company, Incorporated,
and Associates , as submitted by P. L. Pierce, Vice President
of Leedy, Wheeler & Alleman, Incorporated, for all of the bonds speci-
fied in said proposal, said bonds to bear 2.60% interest, and which -bonds
were authorized by the City Council in Resolution No. 6950, passed and
adopted on June 15, 1949, is hereby determined to be the highest and best
bid received for said bonds, said proposal being in words and figures
following:
PROPOSAL FOR BONDS I —
September 28 1949
Mr. C. W. Tomlinson, City Clerk, Advertisement and Blank
Miami Beach, Florida • Proposal
Dear Sir:
For$650,000 City of Miami Beach, Florida, Series
1. "Storm Sewer Bonds", as described in the at-
tached notice of sale, which is hereby made a part
of this bid, we will pay for 2..60 % bonds
Six hundred forty three thousand
five hundred Dollars $1,481,000
($643,500.00) CITY OF
($ ) and accrued interest to date of delivery.
For$831,000 City of Miami Beach,Florida, Series MIAMI BEACH, FLORIDA
2. White Way Lighting System Bonds",as described
in the attached notice of sale, which is hereby made PUBLIC IMPROVEMENT
a part of this bid, we will BONDS
pay for 2..60 % bonds
Eight hundred thirty one thousand Dated August 1st, 1949
.orie_hund.re.d---seventy seven_Dollars
($831,177.00)
($ ) and accrued interest to date of delivery.
We enclose herewith certified check in the amount
of 2% of the par value of bonds bid for, made pay-
able to the City of Miami Beach, which enclosure is
to be returned to us if this bid is not accepted, but
otherwise to be deposited by said City and when
the bonds are delivered and paid for under the terms
of this bid, to be considered as an advance part
payment therefor, or it is to be retained by said
City as and for liquidated damages in case the un-
dersigned fails to take up and pay for said bonds
in accord herewith.
We will accept delivery of bonds at the Chemical
Bank & Trust Company, 165 Broadway, New York
City or at
HALSEY, STUART & CO. INC. AND
ASSOCIATES
By (Signed) P. L. Pierce, V. P. Sealed bids will be received until 11:00 A. M.
Leed Wheeler $c Alleman Inc Eastern Standard Time, on Wednesday,
Ivoaudition or alteration is to be mgde to t14� Y.
proposal and it must not be detached from the an- September 28th, 1949
nexed advertisement.
NOTE: Use additional proposal form in case you
wish to make an alternate bid. . - __-
SECTION 2. That said bid be and it is hereby accepted and that said
bonds are hereby sold to said bidders for the amount of
said bid and it is hereby deemed to be the best price obtainable for
said bonds; and
SECTION 3. That the said $1,481,000 Public Improvement Bonds to be
issued in two series, Numbers 1 and 2, respectively, shall
bear interest at the rate of Two and Six Tenths percent (2.60%) per
annum.
PASSED and ADOPTED this 28th day of September, A. D. 1949.
4/1) , C-4-1-1/..---e
Mayor pro tem.
ATTEST:
City Clerk
v