71-14. ~ .-.,,.
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RESOLUTION # 7I-14
RESOLUTION OF A~,rdARD
WHEREAS, pursuant to notice heretofore duly published
for tYie sale of $500,000.00 General Obligation Sewer Bonds of the
City of Atlantic Beach, Florida, the City Commission of the City
of Atlantic Beach, Florida met on July 14, 1971 at 11:00 o'clock
A.M. Eastern Daylight Time to open and consider all bids submitted
for said bonds; and
WHEREAS, the following bids were submitted: \
J. Sexton & Co., Inc., St. Petersburg, Fla.
Walston ~ Co., Jacksonville, Fla.
Tecott Jackson, Wilson White, Inc..)
and, Arch W. Roberts & Co. ) Gainesville, Fla.
and R.K. Johnson & Co. )
Merrill, Lynch, Pierce,Fenner & Smith)
and Pierce Wulbern, Murphy, Inc. ) Jacksonville, Fla.
William R. .i°Iough & Co. ) St. Petersburg, Fla.
and Reynolds & Co. ) ,
which bids are hereto attached and made a part hereof; and
WHEREAS, after due consideration it appears to the City
" Commission of the City of Atlantic Beach, Florida that the bid of
Walston & Co. in the amount of
$ 490,750.00 and accrued interest for the $500,000.00 General
Obligation Sewer Bonds, bearing interest as hereinafter stated is
the best bid received;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF
THE CITY OF ATLANTIC BEACH, FLORIDA, that:
SECTION 1. The $500,000.00 General Obligation Sewer Bonds
be awarded to Walston & Co., Jacksonville, Fla.
at the price of $ 490,750.00 and accrued interest for said bonds
bearing interest as follows:
Bo:~ds Maturirq
1973 th ru 1982
1983 th ru 1992
1993 thru 1995
Jnterest .Rate
7%
6.50°r6
5.75/0
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SECTION 2. The proper officers of the City of Atl.antir.
Beach be and they are hereby authorized and directed to execute
said bonds when prepared and to deliver same to said purchaser upon
payment of the purchase price pursuant to the conditions stated in
the Notice of Sale without further authority from this Commission.
SECTION 3. The said bonds will be payable at Florida xational
Bank of Jacksonville or the First rational Seach Hank of Jacksonville
Heath, Florida or, at the option of the
holder,xst
SECTION 4. The action of the City Clerk publishing the
Notice of Sale of said bonds in The Bond Buyer in New York City and
in The Florida Times-Union, Jacksonville, Florida, and the prepara-
tion of the Official Statement for said bonds is hereby, in all
respects, ratified and confirmed.
SECTION 5. The City Clerk of_ the City of Atlantic Reach
be and she is hereby authorized and directed to return forthwith
the good faith checks of all unsuccessful bidders.
SECTION 6. This Resolution shall take effect immediately
upon its passage.
P118SBD HY TlIB CITY COIdltISSIOr Old JULY 14th, 1971.
Adele S. rrage, City Clerk
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