RES 68083 - Laserfiche WebLink

HIGHEST BID: Bidders are requested to name the inter- est rate or rates not exceeding six per cent (6%') per annum in multiples of 1/8 or 1/20 of one per cent (1%). Each bidder must specify in his bid the amount and maturities of the bonds of each rate and all bonds maturing on the same date must bear inter- est at the same rate. No bid may name more than four interes~ rates, any of which may be repeated. No rate say be more than one and one half per cent (1-1/2%) ~igher th~n the lowest rate named in the bid. T~e interest payable on any bond on any interest payment date may, however, be represented by one or more coupons. A zero rate cannot be named for all or any of the time from the date of the bond.to its stated maturity and the premium, if any, must be paid in the funds specified for payment of the bonds as part of the purchase price. No bid of less than all of the bonds and all of the assessmen~'against publicly owned property will be entertained. No bid of less than ninety-five C95) percent of the par value of the bonds will be considered; no bid of less -than one hundred (100) per cent of the par value of assessments against publicly owned property will be considered. Unless all bids are rejected, the bonds and assessments against publicly owned property w{ll be awarded to the bidder whose proposal results in the lowest net interest cost to the issuer, and the net interest cost will be determined by deducting the amount of any premium paid from, or adding the amount of any discount to, the aggregate amount of.interest upon all of the bonds and upon the assessments against publicly owned property from their date until their respective' maturities. RIGHT OF REJECTION: The City of Pleasanton reserves the right at its discretion to-reject any and all bids and to waive any irregularity or informality in any bid. Any bid must be in strict conformity with this Official Notice Inviting Bids, and without any qualification. -6-