HomeMy WebLinkAboutOrdinances Book 17, Page 283, No Resolution NumberzB�
A RESOLUTION ACCEPTING THE BID OF THE U. S. DEPARTMENT OF HEALTH,
EDUCATION AND WELFARE FOR THE PURCHASE OF THE CITY'S $412,000 "PADUCAH
JUNIOR COLLEGE (NOW KNOWN AS UNIVERSITY OF KENTUCKY, PADUCAH COMMUNITY
COLLEGE) CONSOLIDATED EDUCATIONAL BUILDINGS REVENUE BONDS, SERIES B"
BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE CITY OF
PADUCAH, KENTUCKY:
SECTION 1. That the only purchase bid received by the City, at
or before the day and hour advertised for the opening and consider-
ing of purchase bids for the City's $412,000 "Paducah Junior College
(now known as University of Kentucky, Paducah Community College)
Consolidated Educational Buildings Revenue Bonds, Series B," dated
August 1, 1970, was and is the purchase bid of U. S. Department of
Health, Education and Welfare (HEW), in conformity with the City's
Loan Agreement with HEW. Said purchase bid is found to be in con-
formity with the public offering of said Series B Bonds, and in
accordance with HEW's agreement to submit a bid for the purchase
thereof; and said bid of HE'WT is hereby accepted in the name and on
behalf of the City of Paducah, Kentucky, and shall constitute"a firm
contract for the sale of said Series B Bonds by the City and the
purchase of said Series 13 Bonds by HEW, subject to all of the terms
and conditions of the aforesaid Loan Agreement;
SECTION 2. This resolution shall be in full force and effect
from and after its adoption, signature and attestatfean, as provided
by law, no publication being required.
Me yor
(SEAL)
ATTEST:
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City Clerk _
Passed by the Board of Commissioners August 25, 1970
Recorded by Sarah Thurman, City Clerk, August 25, 1970.