Resolution 9222 RESOLUTION NO. 9222
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MIAMI BEACH, FLORIDA:
SECTION 1: That the proposal of Halsey, Stuart & Co. Inc. and Associates,
as submitted by Robert H. Cook, for all of the bonds specified
in said proposal, which bonds were authorized by the City Council in
Resolution No. 9082, passed and adopted on June 15, 1955, is hereby determined
to be the highest and best bid received for all of said bonds, said proposal
being in words and figures following:
PROPOSAL FOR BONDS ,,, t'r: For$265,000 City of Miami Beach, Florida, Series 7.
"Collins Avenue idening and Paving Bonds", as de-
March scribed in the att hed notice of sale, which is hereby
7 1956 made a part of this id, we will pay for 3•25 %
City Council of the
City of Miami Beach, Florida bonds Two Hundred Sixty Two
Gentlemen: THIS BID FOR ALL OR NONE Thousand Seven Hundred Forty
Seven and 50/100 Dollars
For$335,000 City of Miami Beach, Florida, Series 1.
"Reservoir and Water Main Bonds", as described in 262,747
the attached notice of sale, which is hereby made a ($ ) •and accrued interest to crate of delivery.
part of this bid, we will pay for 3.25 %
bonds Three Hundred Thirty Two For$470,000 City of Miami Beach, Florida, Series 8.
"Alton Road Bridge and Paving Bonds", as described
Thousand One Hundred Fifty Two in the attached notice of sale, which is hereby made a
part of this bid, we will pay for 3.25 %
and 50/100 Dollars
g r,0
332,15bonds Four Hundred Sixty Six
($ T 4d accrued interest to date of delivery. Thousand and Five and n0/100
For$360,000 City of Miami Beach, Florida, Series 2. Dollars
"Sewer Pumping Facilities Bonds", as described in the
attached notice of sale, which is hereby made a part of '466,00 .00
($ ) and accrued interest to date of delivery.
this bid, we will pay for 3.25 % bonds
Three Hundred Fifty Six Thousand For$465,000 City of Miami Beach, Florida, Series 9.
Nine Hundred Forty and no/100 "North End Paving Bonds", as described in the at-
ollars tached notice of sale, which is hereby made a part of
($ 356,9140.00accrued interest to date of delivery. this bid, we will pay for 3.25 % bonds
) andFour Hundred Sixty One Thousand
For $1,110,000 City of Miami Beach, Florida, Series Forty Seven and 50/100
3. "Islands Sanitary Sewer Bonds", as described in the Dollars
attached notice of sale, which is hereby made a part of ($461,07� �
this bid, we will pay for 3.25 % bonds accrued interest to date of delivery.
One Million One Hundred Thousand
Five Hundred SixtyFive ander For $110,000 City of Miami Beach, Florida, Series
of ars 10. "Alton Road Bridge Widening Bonds", as described
nn in the attached notice of sale, which is hereby made a
($1.,100 s 2 "Sled interest to date of delivery. part of this bid, we will pay for 3.25 %,
bonds One Hundred Nine Thousand
For$453,000 City of Miami Beach, Florida, Series 4.
"Storm Sewer Extension Bonds", as described in the Sixty Five and no/100
attached notice of sale, which is hereby made a part of
this bid, we will pay for 3.25 % bonds Dollars
Four Hundred Forty Nine Thousand 109,06.00
($ and accrued interest to date of delivery.
One HundredeForty Nine and5Doll
0/1x00
($ 449,149ditd0accrued interest to date of delivery. For $112,000 City of Miami Beach, Florida, Series
11. "77th Street Bridges Bonds", as described in the at-
tached notice of sale, which is hereby made a part of
For$255,000 City of Miami Beach, Florida, Series 5. this bid, we will pay for 3.25 % bonds
"Pine Tree Drive Bridge and Paving Bonds", as de-
scribed in the attached notice of sale, which is hereby One Hundred Eleven Thousand
made a part of this bid,we will pay for 3.25 % Forty Eight and no/100
bonds Two Hundred Fifty Two 8 Dollars
($ 111,0 AF) andaccrued interest to date of delivery.
Thousand Eight Hundred Thirty
Two and 50/100 Dollars
50
($ 252 83) aM accrued interest to date of delivery.
For$165,000 City of Miami Beach, Florida, Series 6.
- —
We enclose herewith certified or bank cashier's
check in the amount of 2% of the l;ar value of bonds bid
for, made payable to the City of Miami Beach, which
enclosure is to be returned to us if this bid is not ac-
cepted, but otherwise to be deposited by said City and
• when the bonds are delivered and paid for under the Advertisement and Blank
terms of this bid, to be considered as an advance part
payment therefor, or it is to be retained by said City as Proposal
and for liquidated damages in case the undersigned
fails to take up and pay for said bonds in accord here-
with.
We will accept delivery of bonds at the Chemical BF_
Corn Exchange Bank, 30 Broad Street, New York City,
or at `,�.,:
.+.IMCOCf ,
_ h
HALSEY, STUART & CO. Inc.
and Associates
By: s/ Robert H. Cook $4,100,000
CITY OF
The aggregate amount of interest maturing on said MIAMI BEACH, FLORIDA
bonds, computed from Feb. 1, 1956 to the absolute ma-
turity
dates of said Bonds, at the interest rates stated in
the above Proposal, after deducting the premium, if
any, or adding the discount, specified in the above PUBLIC IMPROVEMENT
Proposal is $ 1,805,092.50 BONDS
(No addition or alteration, except as provided
above, is to be made to this Proposal).
NOTE: Use additional Proposal form in case you wish Dated August 1, 1955
to make an alternate bid.
Sealed bids will be received until 11:00 A.M.,
Eastern Standard Time, on March 7, 1956
•
SECTION 2: That said bid be and it is hereby accepted and that said bonds
are hereby sold to said bidder for the amount of said bid and
it is hereby deemed to be the best price obtainable for all of said bonds;
and
SECTION 3: That the said $4,100,000.00 Public Improvement Bonds, to be
issued in eleven series, designated Series Nos. 1, 2, 3, 4,
5, 6, 7, 8, 9, 10 and 11, shall all bear interest at the rate of three and
one-quarter per cent (34%) per annum.
PASSED and ADOPTED this 7th day of March, A.D. 1956.
(10.-
ATTEST:
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