HomeMy WebLinkAboutR-01909RESOLUTION -NO. 19094
A RESOLUTION ACCEPTING THE BID OF CALDWELL
& COMPANY OF NASHVILLE, TENNESSEE, FOR ONE
MILLION FIVE HUNDRED THOUSAND DOLLARS GBP,
ERAL MUNICIPALIMPROVEMENT BONDS OF THE CITY
OF MIAMI, FLORIDA, AND DIRECTING THE RETURN
OF CERTIFIED CHECKS OF THE UNSUCCESSFUL
BIDDERS.
WHEREAS, this being the date set for the reception of
sealed bids for One Million Five Hundred Thousand Dollars
($1,500,000.00) General Municipal Improvement Bonds of the City
of Miami, Florida, and
WHEREAS, upon tabulation of the bids reoeived and sub-
mitted by the Director of Finanoe, it appears that the bid of
Caldwell & Company of Nashville, Tennessee, of 11,489,500.00 for
40 bonds is the highest and best bid received and it is deemed
advisable and to the best interests of the City to accept the said
bid of Caldwell & Company,
NOW, THEREFORE, BE IT RESOLVED by the Commission of the City
of Miami:
1: That the bid of Caldwell & Company of Nashville, Tennessee,
of 1,489,500.00 for $1,500,000.00 General Municipal Improvement Bonds
at an interest rate of 40 per annum, be, and the same is hereby, ac-
cepted.
2; That the City Clerk be, and is hereby, directed to return
to the unsuccessful bidders the checks received with their bids.
PASSED AND ADOPTED this 24th day of Marc. A. D. 192b.
ATTEST: MAYOR
CITY ' CLERK
"DOCUMENT INDEX
ITEM
CITY COMMISSION
MEETING OF
MARS 4—/9.2.3"
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