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RESOLUTION NO, 11615 <br /> <br />RESOLUTION OF THE CITY COUNCIL OF THE <br />CITY OF RIVERSIDE AWARDING $1,000,000 <br />SEWER REVENUE BONDS TO THE BEST BIDDER <br />AND REJECTING ALL OTHER BIDS, <br /> <br /> ~EREAS, at the time and place fixed for the <br />opening of bids for the $1,000,000 sewer revenue bonds of <br />the City of Riverside~ designated "1969 Sewer Revenue Bonds~ <br />Series B," and numbered 1 to 200, inclusive~ all bids were <br />publicly opened~ examined and read, and a tabulation thereof <br />has been entered in the minutes; and <br /> <br /> WHEREAS, the bid of the bidder hereinafter named <br />is the best bid made by a responsible bidder for said bonds; <br /> <br /> NOW~ THEREFORE, the City Council of the City <br />Riverside DOES HEREBY RESOLVE~ DETERMINE AND ORDER as <br />follows: <br /> <br />of <br /> <br />Section ]. The bid of Dean Witter and Co., Inc., <br /> <br /> offering: <br /> <br /> $ 987~ 750 and <br /> <br /> $ no Premium (if applicable) <br /> <br />and accrued interest to date of deIivery for said <br />bonds bearing interest payable at the rate(s) of: <br /> <br />Rates Years <br /> <br /> 4.25 ~ 19 72 to 19 76 <br /> 4.50. % <br />4.60 ~ 19 79 to 19 <br />4.70 % 1980 <br />4.80 ~ 19 81 to 19__ <br />4,90 ~ 1982 <br />5.00 ~ 19 83 to 19 <br />~.1o z 1~84 ' -- <br />5.25 % 1985 to 19 86 <br />--5.50 % lg87 to 1990 <br /> <br /> <br />