Res 1238 - GO Bonds 1994 Bid
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COUNCIL BILL NO. 1548
RESOLUTION NO. 1238
A RESOLUTION ACCEPTING A BID FOR THE PURCHASE OF
THE CITY OF WOODBURN, MARION COUNTY, OREGON,
GENERAL OBLIGATION BONDS, SERIES 1994, DIRECTING
DELIVERY AND SALE THEREOF:
WHEREAS, on the 24th day of May, 1994, bids were considered during a special
Council meeting of the purchase of $1,755,000 City of Woodburn, Marion County. Oregon
General Obligation Bonds, Series 1994, to be dated June 1, 1994, and the City Council of the City
having met to consider said bids; and
WHEREAS, several bids having been received and considered, copies of each of
which are attached hereto, and the City Council deems it desirable that the responsible bidder
offering to purchase said Bonds at the lowest true interest cost to the City be accepted; now.
therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
WOODBURN, MARION COUNTY, OREGON:
Section 1. The City Council hereby finds and determines that the bid of Dain
Bosworth is the best bid received for the purchase of the City's $1,755,000 General Obligation
Bonds, Series 1994, being the one with the lowest true interest cost of 5.3888756% per annum.
That bid is hereby accepted and the Bonds shaH be sold and delivered to the bidder above named
pursuant to the Notice of Bond Sale.
Adopted by a vote of the City Council, with a quorum in attendance, this 24th day
of May, 1994.
Approved as to form'Ytyv\-- M~
Date 5/24/94
APPROVED: ~~
Co ncil Preside
Passed by the Council May 24. 1994
Submitted to the Council President May 27. 1994
Approved by the Council President May ?7. 1994
Filed in the Office of the Recorder Ma y 27, 1994
ATTEST: j71~ ~--1
Mary Te6hant, City Recorder
City of Woodburn, Oregon
COUNCIL BILL NO, 1548
RESOLUTION NO. 1238
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