RES 68049 - Laserfiche WebLink

Right of ReSection: The City Council reserves the right, in its discretion, to reject any and all bids and to waive any irregularity or informality in any bid. Prompt Award: The City Council will take action awarding the bonds or rejecting all bids not later than 2~ hours after the expiration of the time herein prescribed for the receipt of proposals, unless such time of award is waived by the successful bidder. Prompt Deliver~: DeliverT of the bonds will be made to the successful bidder at the San Francisco Main Office of Bank of America National Trust and Savings Association, in San Francisco, California, as soon as the bonds can be pre- pared, which it is estimated will be on or about March 15, 1968, but not prior to the date of the bonds. Payment for the bonds must be made in funds immediately available to the City in San Francisco, California. Right of The successful bidder shall have the Cancellation: right, at his option, to cancel the contract of purchase if the City shall fail to execute the bonds and tender the same for delivery within sixty (60) days from the date of sale thereof, and in such event the successful bidder shall be entitled to the return of the deposit accompany- ing his bid. Form of Bid: Ail bids must be for not less than all of the bonds hereby offered for sale and for not less than the par value thereof and .accrued interest to date of delivery. Each bid, together with bidder's check, must be enclosed in a sealed envelope addressed to the City Clerk of the City of Pleasanton and endorsed "Proposal for City of Pleasanton 1967 Municipal Improvement Bonds, Series A." Ail bids must either be mailed to the City Clerk at the City Hall, 603 Main Street, Pleasanton, California in time to be received by 5:00 P.M. (P.S.T.) on ~ebruary 20, 1968, or delivered to the City Clerk at the Multi-Purpose Room, Valley View School, 480 Adams Way, Pleasanton, California by 8:00 P.M. (P.S.T.) on such date. Bid Check: With each bid must be submitted a certified check or cashier's check for $20,000 drawn on a bank or trust company transacting business in the State of California, payable to the order of the Treasurer of the City of Pleasanton to secure the City from any loss resulting from the failure of the bidder to comply with the terms of his bid. Checks of all bidders (except the successful bidder) will be returned by the City by mail promptly following the sale date above specified. No interest will be paid upon the deposit made by the successful bidder.