HomeMy WebLinkAboutRES 89-7808/17/89
RESOLUTION NO. 89-78
RESOLUTION OF THE CITY CC'..' WIL OF TI"E CITY OF
-''I.-MOND BAR CALIFORNIA AWARDING 'DIE PRIN: i -.r r''; L
AMOUNT CF ITS $3,000,000 :'_989 TAS: AND RE E_vUE
AN`I':iCiP -TION NOTES TO THE SUCCESSFi1L i?IDDER .-ND
PROM Yl i U7 'IO.v i_tti� t'
- Sl � `t THE L� % _l�i T L'I �'1, i=.",.i OF C.__[. ..:"i
NOW, THEREFORE, BE IT RESOLVED,DETERMINED AND n D int
__E CITY COUNCIL CF HE CITY Of i .: MOND BAR, CAL_FOPNIA hS f C'LLUWS .
Se_ct .;n 1 That the bid of
- - --Merrill Lynch ----(the "Purchase
r"),E-,._.., 3.,.000,000 :rased upon the proposed principal U,�o-..rt of
Dotes equal to $.3,000,000, plus occ ed ;. �tG_e�t to thei .._ of
deliVEry for said Notes and bEaring interest payable on the maturit-y
Cate of the Notes as set forth in the :.old cf the succes`'fi1l bidder
in the principal amount of $3,000,000 at t& ate of -.toes:
rzl;nuril as set forth in said _.:gid is hEreby = %r r._ ved Pn6 acceptEd by
the City Council. .rhe bid of thy Pur;.t ...:er is ihn best Vd for _ .:-
N rtes yielding t c t` r e _ C c -
d _ the 1 �e r�e� i .t ,e_,. cost t::� the �� y. •a:r ...r
is hereby accepted and the Notes are herety awarted to said i:_d�_u:r
in accordance with the teras of the proposal, and any irregularity
or informality in said bid is hereby waived by the City Council in
accordance with said Official Notice of Sale.
Sect_lon 2. The purchase price or the Notes is hereby
fixed at tt:e price as stated in Sectian 1 hereof and the interest
rate is hereby fixed at the rate as set forth in the bid of the
successful bidder.
-REAS, at the time and
place feed for t1he :ening of
Ws
for
the $3,000,000 principal
amount of notes of :..;_ City of
Diamond
Lar, California (the 'City"), designated $3,000,(.0: City of
D:or;d
Ear, California, Tax and
Revenue .;_;tisiPat ifin I dcItes (t he
"Notes"),
the bids as hereinafter
described were publicly cpened,
nya-.inef
and read, and the bids as
received, togerher with the r,e-_
in-:-erest
cost thereof, have been filed
with the City Clefk; and
WHEREAS, four- (4 ) bids have been received by t:;�e City at
e
time
and place as set forth in
the Official. Notice of Sale, an -d
_M
..-ds
as received by the City
are attached hereto ss_: .__ ' _ '.
..d
....+_
1T70pera:tod herein by reference
and Made a _art i,_icof. and
l',.,._REZt.5, the bid . f the
bidder iIG..._i_.c tcr ::K -el A; the
50 t
bid made by a responsible
bi� �E lur he i
der � ! - - -e- fn -
crPplAnce
VA th the Official
Notice of Sale --- previcusly
c .....-=_
;r:_ed ,.o prcs ecAve bidders
for the Notes.
NOW, THEREFORE, BE IT RESOLVED,DETERMINED AND n D int
__E CITY COUNCIL CF HE CITY Of i .: MOND BAR, CAL_FOPNIA hS f C'LLUWS .
Se_ct .;n 1 That the bid of
- - --Merrill Lynch ----(the "Purchase
r"),E-,._.., 3.,.000,000 :rased upon the proposed principal U,�o-..rt of
Dotes equal to $.3,000,000, plus occ ed ;. �tG_e�t to thei .._ of
deliVEry for said Notes and bEaring interest payable on the maturit-y
Cate of the Notes as set forth in the :.old cf the succes`'fi1l bidder
in the principal amount of $3,000,000 at t& ate of -.toes:
rzl;nuril as set forth in said _.:gid is hEreby = %r r._ ved Pn6 acceptEd by
the City Council. .rhe bid of thy Pur;.t ...:er is ihn best Vd for _ .:-
N rtes yielding t c t` r e _ C c -
d _ the 1 �e r�e� i .t ,e_,. cost t::� the �� y. •a:r ...r
is hereby accepted and the Notes are herety awarted to said i:_d�_u:r
in accordance with the teras of the proposal, and any irregularity
or informality in said bid is hereby waived by the City Council in
accordance with said Official Notice of Sale.
Sect_lon 2. The purchase price or the Notes is hereby
fixed at tt:e price as stated in Sectian 1 hereof and the interest
rate is hereby fixed at the rate as set forth in the bid of the
successful bidder.
Section 3. That the City Manager, or such other City
n'lficial or officer as is appropriate under the circus. -stances, is
1-'erety directed to deliver the Notes to the successful bidder upon
fiay':IT
ient therefor together with accrued interest to the date o f
delivery.
Section 9. The Official Statement with respect to the
Notes as distributed to prospective bidders and as on file with the
City Clerk is hereby &pproved together with the Official Notice of
Sale and the Bid Form, all as on file v:ath the City Clerk. The City
'3 C)r
q f-, r r) r i t v c 'L f i i - f f P f
�5 ti,
i: 1 o r i ze j n d c - c. d 0 f E I' c a I St a
„here ara Y authors od a r, d
- _- I r im, 0 r� a n� d 1: h e- C t C I e r s h e r o"I
directed to deliver copies of the Official Statement to the
P.-irch&Eer, In Such r e a s o n 8 !-, 1 e qua7,,` I' ties as requested y t h. e
Purchaser.
Section --- 5 . The City M;&nager, the City Clerk, or such
other person who may act in their place, are hereby authorized and
directed to execute and deliver any and all of the closing documents
and Certificates in connection with the issuance, sale and delivery
of the Nc)t(-s, including, t u. t not limited to, the Resolution of
issuance.
I � '6402nn�
Mayor of the City 6f
Dian �-r d Bar, C51-*Lfornia
ATTEST:
Ci Clerk
City of Diamond Bar, California
Approv d as to F
City Attorney C__"
Sect _on 6. The
City '_o l.':C11
_=u t I i (D r i z
e s a n d d IL r( c t -:; t Ih e
City C-1 r lace-, r:nnt_.)
_or; e. V
I T__ "I
z_ pp r ov a 1
of B_- nd Counsel, t a -...a k e 6ny End
(5
r eq 1 T: e'i
changes,
niod i f i ca t i c ris or
_,,=ndmerjt s to the
Rescl,�tic)ri (:;I-
j "Z; s 1 8 n C P
-_Ic-e,-Ti_-d necessary by the Ci ty Yano qer ,
C 1' t y Att_
1-cl is
u n s C_
Section 7. The
Ci -.y Clerk shall
certify to the
adoption
of this
Resolution.
PASSED, APPROVED
AND ADOPTED
this 29th
day of
August
1 1989.
I � '6402nn�
Mayor of the City 6f
Dian �-r d Bar, C51-*Lfornia
ATTEST:
Ci Clerk
City of Diamond Bar, California
Approv d as to F
City Attorney C__"
S T.11TE OF Cr LIFCkNIA
C011NTY
OF . OS ANGELk S
C1'1'Y OF IDIS TIDND BAR
I, the uncersicned, City Clerk of the City c.f Diamond Ear,
California, DO HEREBY CERTIFY that the above and foregoing is a
full, true and cc'rrect copy of Resolution No. 89--78, aYproved and
passed, August- 29 -' 11,189, and that sar-e has not been amended or
repealed.
' w�/fes
4i'LArk of the c:
Diamond Bar, California,
S'"'ATr OF CALIFORNIA )
.COUNTY OF LOS ANGHT ES )
CITY OF DI2".M0ND BAR )
AYES: Council Members Forbi_g, Miller, Werr._er,__Mayor 1_-aipen
NOES: Council Members None
ABSENT: Council Members Mavor Pro Tem Horcher
rte ,::i�zk ol: t!;eity of
Lynda
;sur c- F s ,.Clerk
f
c,
- --
Bar,
Califcrnia,
here ,y certify th t 1:
lie
_ c c ..,:g c, .. _... .>n
IvC .
89-78 was
passed ar-d ado,, -,t(:_. by
_;Ie
C` -'y
''ric _ r -
ity
-
>f Diamond Bar,
California, signed by
tie
1, Cr,
and
tc,
}tY the City Clerk a eg a nc
t- a z. ular r eta z
c. r
said
:- = ':=-d
. , on
the
25th dry of
-_
August y 189
:,
and
a
I_-hat
s ala R e s c I tion
i.as
adopted by the
_ _
follow=ing vote, to wit:
AYES: Council Members Forbi_g, Miller, Werr._er,__Mayor 1_-aipen
NOES: Council Members None
ABSENT: Council Members Mavor Pro Tem Horcher
rte ,::i�zk ol: t!;eity of
e following is c�+ r ti;a putotlun a��de AS provided in the
official Notice of dale, but not c;�nxtituttng any .art of the foreecing,
of this vet interest cost w -oder the foregoing proposal'
Teseal Intagege .. iE9 X0.3
Inas Premium ................................
Net Interest Cost 91.83
Not Interest Rate ...... i.....i.............. �
following is s ?..ist of the members of our account on whoss
to alf this bid is Mde,
MERRILL LYNCH CAPITAL M_kRKETS
enAssociates
1411pectfully submicted,
kW o f f 1 stye
MMILL-LINCH CAPITALY KETS
.count "ger
John A. Tresch� V.P. 9
.rid "t�si+ So. Hope g-treet
t�Floor s,
ram=
Los.a.-....r.—.o s Angeles, ra: _jr ,
;"�
213-683-4444
Name, address aed phone autsbsr of
lidder's repcasentativs to be cOntscted
regarding closing procedures:
Kms= Patricia Ward
Addrees m o dinancia enter
,,;o -r7 Tower - t floor
New jork, New York
Phone 212-
i 2 w
BID FOM
PROPOSAL F01k ` H PURCUSE OT
$3,000,000
CITY of DIAMOND 14
(Las Atgtles County, California)
1589 Tex. ae-d _es .ae A_nticipatian Not€s
August 29 1pgq
City of Diaam nd gar
c/o Seidler -Fitzgerald Public Finance
515 South Figueroa Street
6th Floor
Los Angeles, California 90411-3396
ncIe ---sn.
We offer to purchase the 13,000.000 City of b£saac,nd Bar 1.959 Tax
&nd RGvgnum Anticipation !rotes in the principal amount, traturing and
btariri= interest as followst
Fr�nci sI
It Ululiltl Irate ce
$3,000,000 September ki 1$90 &5 %
and to pay therefor the principal amount thereof plus a premium of
This proposal is arcade subject to all the terms and conditions of
the Official Notice of Sale of said Motes dated August 10, 1989, all of
which 'tonna and conditions are rnad:e a part btrtof as fully as tht;ugh act
forth in full in this proposci .
This proposal is subject to acceptance, in whole or in part,
within. twenty-six (26) hours after the expiration of the time for the
receipt of proposals, as specified in said Official Notice of Sale.
There is enclosed herewith a certified or cashier's check for
one percent (1%) of the principal amount of the Notes, payable to the
order of the City of Diamond Dar.
We hereby request that ,w (not to exceed 50) printed copies
of the Official Statement pertaining to the Notes be furnished u• in
accordance with the terms of said Official Notice of 5414.
-1-
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Tosl lfte'rest .. ...I..I....:.
�. ;i f. e. . o• 5 n 9! 1 � C C! ! t
,.-(!; l t`FI'emiu:Ti est • a a e. e t :.. • l e o:. e e c c t %4 . ...... $ 4,000'00
4 'lithfest beict .........,. n t. t... e . . . . t•. t $..-- G CS.
N'a 1. dib Brest F.P,te t t t• t. t. t.....•. I t=t.. E•..e 6 '8.44 t
Iowis•_ is a 1?.:st of . the IT, L-frbe,ca f)f ou: q. coLn t on Wlloe
behalf ch.5 bid is made.
NONE
?evpectfux'-Iy submlicted,
iN1'AT1q q< .°erg The Bank of Cal iforniaw�
count Mahager _µ
Address ._" 5g50r S Flnvjer Strpfat 4tb
KF -me , address --nd p-.1ar,4 c number, c
f idder`s representative to -_e ctr Ua,kcs :
regarding dlcAng proc::durt—.;
Name: George T. Natori
Addresa --ToorTesMFPnt" —71 vinion
400 California Street
San Lranciscc CA 94104
Phone J 765- 131 ._
-2-
0
PROPOSAL FOR u& OF
13,00,000
CITY OF DIAMOIND BAR
(Las Angeles County, California)
1969 Tax and Revenuo Anticipation Notes
August 29, 1989
C14y of Dfir)�rid B;t.r
c/o Seidler --Fitzgerald Public Finmi—ce
515 South Figueroa Street
6th Floor
Los Angeles, California 90071-3396
Gentlemen:
We offer to purchase the $2$000,000 City of Diamond bar 1969 Tax
and Revenue Anticipation Notes in the principal amount, tracu.ring and
bear n3 interest as follows:
Pri;;cip i s,ount Mls_turity InGe�est } _
$3,000,000 September 4, 1950 6. 1, `I:
slid to pay therefor the principal amount thereof plus a preml.um of
$ 4,000.00
This proposal is made subject to all the teras and conditions cf
the Official Notice of Sale of said Notes dated August 10, 1959, all of
which terms and conditions are made a part hereof as fully as though ..set
forth in full in this proposal.
This proposal is subject to acceptance, in whole or in part,
within twenty-six (26) hours after the expiration of the time for the
receipt of proposals, as &�eecified in said Officnal Notice of Sale.
There,,: is enclosed herewit-, a certified or c.%id attIt Check f`r
one percent (1%) of the principal amount of t,ie Nates, payable to the
order of the City of Diamond Bar.
'We hereby request that 20 (not to exceed 50) printed copies
of the Official Statement pertaining to the Notes be furnished us in
accordance with the terms of said Official Notice of Sale.
- 1 -
IL006 VO 'S313CNV SOI
dOO-I.-] H1.9
133UiS N004'9 "A I'llif 'OS IS
(11VH397M - 'H`10113S
V,1300f) VINUC"Ji - !,-,J
V-fs--,Tl D 10 "1 Vi
The foIIowing is our ct:rpt;t:aLion made as provided in the
Official Notice of Sale, but not constituting any part of the foregoing,
of the net interest cost under the foregoing proposal:
Total Interest ..............................
Less Premium ............................
Net Interest Cost $����;..
Net Interest Rate
Following is a list of the members of our account on whose
behalf this bid is made.
Respectfully submitted, 1
Name of firm �� n �!'��rt 14,iCb'�--
Account Manager
f �1
By3
Addresst w(j�tjc�
Name, address and phone number of
Bidder's representative to be contacted
regarding closing procedures:
Name: l lU 1 W +l C Im �,i
Address D L
Phone �, 4 Z��7 X�Z7J
- 2 -
BID F0,KM
PROPOSAL FOR TRE PURCHASE OF
$3,000,000
CITY OF DIAMOND BAR
(Los Angeles County, California)
9
t aS_.X a.id revenue
1959
City of Diamond Bar
C/o Seidler -Fitzgerald Public Finance
515 South Figueroa Street
6th Floor
Los Angeles, California 90071-3396
Gentlemen:
We offer to purchase the $3,000,OG0 City of L'i�T-1 ar
and Revenue Anticipation Notes in the 198$
principal as�ci.r,c:, maturing ;yid
bearing interest as follows:
Principal Amount
-- --
Maturity
---
Interest
kale
$3,000,000
September 41 1990,.C'
ands to pay therefor the principal amount thereof plus a premium of
This proposal is trade subject to all the terms and conditions of
the Official Notice of Sale of said Notes dated August 10, 1989, all of
which terms and conditions are made a part hereof as Bally as t:au set
forth in full in this proposal
This proposal is subject to acceptance, in whole or in part,
within twenty-six (26) hours after the expiration of the time for the
receipt of proposals, as specified in said Official Notice of Sale.
There is enclosed herewith a certified or cashier's check for
one percent (1%) of the principal amount of the Notes, payable to the
order of the City of Diamond Bar.
We hereby request that (not to exceed 50) printed copies
of the Official Statement pertaining to the Notes be furnished us in
accordance with the terms of said Official Notice of Sale.
- l -
r
y.
[ � t
f 7
! M/vreiKac f•P�pss cnrrya'ty 17 Raite( Place '§ ('`1 of
SHEARSON Y 1 G 2_ 1 d� ..�
1. .w ARAN HL=N µ New York New York 102t;5-0700 I
Account Number
.i Amount
�:�iy ilii �I�r �I .fi nn 1 rim 'll u7� Irnll� JIM' :;;,� .,�
�_'•^+ �n R7f s n R.M, •Iltl I tl , I'1 � �� 1 1 1 ' 11� t ,�t 1� 1 _ .
,`7 J • '`� _ riJ. .}'3l ii..r U 1.... � I�i�tl i � tllll�f! Ihil� �nllll ii!!I� ii nu 7,.,� I in �_]—�{�_ ('� /T R (* (!'
I I , , •Ililt7ftittn J U U U U U U
rr �vt• fete
o theat ��R
oder` Jif Di_,mond Bar,' Cal1for"{ d 8125 89 �
9 � p •��t_ .... '. r , �,' ff nor roup oven NP owT?a
� 1. p; .. .J: i 1 !f.:iFS3 !NM•l" LT f I ±fm4t^tf � r
�� 4 f . t a '' f. ' '• ' ,r 1 _
VA
CA ALBANMC �
1 55 ER STREET. NEW YORK. N.Y ll!,C L1, � _ _ Aut'xlrzeJSignature R
r r DO NOT it£MOYL LAI (L
4E"
in r i i n ..tl = ; :: _ 2 .1_ i , A `u� ? Fa ^: «►1 r ry is
bnewson ten,"n.in ii I ;;()n Inc.
tHE"I'V4,11SON Two World Trak; Cejl�w
L E 7 T" ,�N(-,v York, NY WOE 0647
J,�N
I � �
Wn Americei -o:f,,,,; companyvi
FL
Lev)
All
The following is our:,;.t tion it de as provided in thc-
Official Notice of Sale, but Drgt constituting any part of the foregoing,
of the net interest cost under the foregoing proposal:
Total lateres t
Less Premium ................................
Net Interest Cost ...........................
Net Inte::est. Rate ........................... ...
Following is a list of the members of our account on whose
behalf this bid is made.
Bniik of An—,k1.1J-ca b1' & S'A -- i 1 )-- e.
Respectfully submitted,
.lame of firm _Bank of Prier. ica I4T & SA
Account `tanager
By
Address 555 So th ' tier -Street-----
47h`lorr
Los Ar_�eles.�C .
Name, address and phone number of
Bidder's representative to be contacted
regarding closing procedures:
Name: Lillian Bautista
Address 555 California Street
4th Floor _
r_4 _ San Francisco CA 94104
Phone 415) 953-1094
— 2. —
BID FORM
PROPOSAL FOR THE PURCHASE OF
$3,000,000
CITY OF DIAMOND. BA.R
(Los.Angeles County, California)
1989 Tax and Revenue Anticipatioi Notes
City of Diamond Bar
c/o Seidler -Fitzgerald Public Finance
515 South Figueroa Street
6th Floor
Los Angeles, California 90071-3396
Gentlemen:
ve offer to purchase the $3,000,000 City cf r`.i,_'tiCr:;�
and Revenue Anticipation ?rotes in the principal and
bearing interest as follows:
Principal Amountf�iatvraky I Ia n4 t iP
$3,000,000 September 4, 1990 -v ti
and to pay therefor the principal amount thereof plus a premium of
This proposal is made subject to all the terms and conditions of
the Official Notice of Sale of said Notes dated August 10, 1989, all of
which terms and conditions are made a part hereof as fully as though set
forth in full in this proposal.
This proposal is subject.- to an who16 Or n. par'Ll
within twenty-six (26) hours after the expiration of the tirse for the
receipt of proposals, as specified in said Official Notice of Sale.
There is enclosed herewith a xziaQr cashier's check for
one percent (1%) of the principal amount of the Notes, payable to the
order of the City of Diamond Bar.
We hereby request that 50 (not to exceed 50) printed copies
of the Official Statement pertaining to the Notes be furnished us in
accordance with the terms of said Official Notice of Sale.
- 1 -
� LBank of America�, ns� CASHIER'S CHECK
11-3511210
VOIDS AFTER SIX MONTHS
19$9*
***CITY Or vlAf1QND
"AUGUST 29,
Pay To The O: der of _ Gare -
$'*30 000-00'""
"
ja NT".SA '
Ti 'IT 4^Tm_r�7�iC B-Q1?_-3D`K_____-.
Two ���^nL:re� regciirei! Iw amounts owr S50Q,OU0.
To. 6u4 Of Alner" NTdSl. San Francisca Calibrnia
�t■�Q �O ?D ? V, 111400.1 sal: X 39 ? 3-80 L 341'
' r
Ha 6— m
BankAmerica
Capital- VAarkets
Box 37003 San Francisco, Caiifornid
Bank investment Securities Division
Sari Francisco Office
C_L,-y of D*LaFvs:--i(.! Bar
qeid,jer-Fitzgerald Public c Financ-A,
51`5- South Figueroa Street, 6th Floor
if ornia
-v of Diamond Bar."
—o --i c-;p.aL-'L.on Notes of the Cii,
"Bid for Tax and Revenue ---
D'--P11-11 0Clio 1 6/002,61)08/17/C81
RH-SOJjJjTOjq 1-0. 89-'8
R,z-z,)T_.UT-C,j- 07 rHE C1'-vcC,-1.-," i T 0 F T! 'E CITY G F TMO N D BA P C A L F 0, R N I A
'DINGT1iEPRN„
DUNT OF ITS $3,000,000 1989 TAX AND R-VE—Tti't—TICiPATION NOTES TO THE SUCCESSFUL i—JDDER A-ND
FLO--.-N7-F,7:1,i,'P,7---;_F"C—
NOINI, T H E 3 E-F C't R E E-i E I T J-E --- oT 111---- TTT N-D -.2 t.-
T'EC-7T CO'CiNCIL OF THE CITY CIE C 1 7 T'N "S F O,T(Z J.,
Sect4on 2. Th e purchase price oil the Notes is hereb-y f ixed at the price as Etated i n Sect j ---
,n 1 hereof and the interest r a IL e i s h e r e b y f i x e C-5 a t the rate, as set fcrth in the bid of the successful
bidder.
Section 3. T h a t- the City 1,11 anager, or such Other City C-ff_icial or officer as 'a s appropri&te
under the circur-i-istances, is here:ty directed to deliver the Notes to the successful biddler upon T
pay, r... ent therefor together v- i t h accrued n t e r e s t t o h e date ci f del ivery.
Purchaser.
Sec -ti -—
on --- 5 . The City Manager, the City Clerk, or such other person who may act in their p-lace, are hereby
authorized and directed to execute and deliver any and all of the closing documents and Certificates in connection with the issuance,
sa2e and delivery o f t h e N(-) t(-- s, includina, bu t not I i:T—i t e d t o, t he ReEolution (D f issuance.
Sect,:Ion 6. TI je
City u",Ceef
au„ tho r zes and d "'. rec 1: S t "he City'."Canace-, F.M.5 Citv-LL--orne 'r, 11:!'-L "I r y r e q 13, r e"' a p pt, r
oval ofBondCo,unsetoake,6nyEic5Ml InG-.czsC-
I -„- s - i- ' 7's s 1'- nc e changes , ii-iodif ications or i t n t "'I e
Resc, I-11 Ti
P s dc:eaied necessary by the Cify !,'an cz q e r, City t tC'_ U n s C_ 1
Section 7. The City Clerk shall certify to the adoption of this Resolution.
PASSED, APPROVED AND J_iDCI-TED t- h i s 29th day of Auau!-- 1989.
Mayor of the City 6f
D.i &i -i -_?-d Bar, CS I i fornizi
ATTEST:
1 &tvbd-)- L-
Ci-t-)yUClerk of the -0 -
City of Diamond Bar, California
Approv d as to F
(City Attorney
S-T.L'TE OF C --4,L1 VOT—NIA COUNTY OF J -OS I—NGKLFS C111Y OF FAR
I, tl-Ie undersicned, City Clerk of the City c:f Diamond Ear, California, DO HEREBY cER'riFy that the above
and foreco.ina is a full, true and ccrrect copy of Pesc-iution No. 89-7 -- 8 approved and 10
passed, August 29 -L,89, and that sLme has not been amer,—ded or repealed.
D E. i - c ?%uqust 29, 19c9
S h: 11---' L
i 4'L
Diamond Bar, California,
AYES: Council Members rorbina. Miller. Werner. Mavor Faoen
NOES: Council Members None
ABSENT:Council Members Mavor Pro Tem Horcher
Aj-.* following is oux cowp;j to r- !on --ctde as provided in the official Notice of ,salo, but not
c-anstjtuttrjg any V. -art of the fozetoing, of the vet intarsst cost wader the foregoing proposals
Tatal Intare6t F-;Lvasfromium.............
S-3 Net
Inttirest Cost ............. $
Not Interost Rate ....... k.35 %
Following is & list of the members of our account on whose tehalf thil tie is wde.
MERRILL LyNcH CAPITAL M-AIRKETS an associates
P*sptctfully submitted,
MMILL LYNCH CAPITAL MARKETS Aceount nager
V. P.. Mdresg Str e'-11TITY -=0 r
,os -Angeles, a. 3., 213-683-4444
Nvm &ddrts* aed phone number of lidder's rept*sentative to be contacted regarding closing procedures:
NSM41 Patricia Ward
Addrees Mmom.-F-inanciaT 7e-nter'T 110 t Floor N rth Tower - 9
New York, New T-ork 1078 212--Z-4-9.7551
BID rom
nopcSAL FOR TE1 mcuss or
$3,000,000
C11 "Y Or DIAMOND 14
(Los Mgtles County, California)
1989 Tisy. vnd P-aven-,vt kntitipatfrn Notris
August -_9, 1969
City of Diamand Ur
c/o Seidler -Fitzgerald Public Fin&nce 515 South Figueroa Street
6th Floor
Los Angeles, California 90071-3396
UnCIamen.
We offer to purch"t the $3,000.000 City of M.P=nd, Bar 1,989 Taxand RGvenum Anticipation Notes
in the priacipal amount, maturing and b4aritig inter_t_follo t
Pr1 nSJ2&1 A=t -r.t itz CA CA Ulu h1 LUL W
$3,000,000 September 41 1$90 &.35 %
and to pay therefor the principal a=unt thereof plus a premium of $ $
This proposal is made subject to &11 the terms and conditions of the Official Notice of Salt of said
Notes dated August 10, 1989, all of which for='and conditions are a -ado a part b%rt*f as fully as th-onigh aet
forth in full in this proposm.l.
This proposal is subject to acceptance, in whole or in part, within twenty-six (26) hours
after the expiration of the time for the receipt of proposals, as specified in said Official Notice of 3&1*.
There is enclosed her*with a certified or cashier's check for one percent (1 %) of the
principal &mount of the Notes, payable to the order of the City of Dia nd Bar.
We hereby request that (not to exceed 50) printed copiss of the Official Statement
pertaining to the Notes be furnished us in accordance with the ttrmt of said Official Notice of Sale.
"I
-11 Atp
71-, 7r, -i
--, LZ7
-i- 4.4
FM -4
FEE 1,
rtot;treat cost u:n,ee-r rlie v a
T-otfl. Itte-rest .................. 195 C1.rJ0, im
.......4 000 191 000.0110
-Tt 1 "Tittrest Cost ........................* # $.-T.---%
N'ct. Tll.t1.t.
011 ow it -S i S a 1-st ti f the ITL-rr b 0-..c ao f c) 11 r 0 covm t on e 110 S, a behalf this bid 1-5
m;ldc.
NONE
Kama of firm The Bank of Califori-iia Acount Manager .Address 550 S.
E113 ) 97
..I Feme addrtsa and p In o na c n, Lurib e r c Iidder's reprementative
to
regarding closir,& proc,"dul.t.-;
Name: George T. Nabori
Address - 7FF7 1-0 -Or-rn-v-e sMF',--- -nf 77-1 v I -s'0 n -400 California Street
I CA 94104 rancisco,
Phone
tIDtO,%4
PROPOSAL FOR 7gE ?LMCFJ-SE OF
13,000,000
CITY OF DIAM0114D BAR
(Los Angeles County, California)
1989 Tax and Revenuc- Anticipation Notes
AUgust 29 1989
C1 -16Y ci-4 Ba.r
c/o Seidler --Fitzgerald Public Finin-ce 515 South Figueroa Street
6th Floor
Los Angeles, California 90071-3396
Centlemen:
We offer to purchase the $3$000,000 City of Diamond tar 1969 Tax &nd Revenue
Anticipation Notes in the principal amountl maturing and bearin3 interest as follows:
Fri'ncir'al PIT,-Ount Vla.turitv
$36000,000 September 4, 190 6.1.,
P-nd to pay therefor the principal amount thereof plus a premium of $ 4.000.00
T 7his proposal is r4dt subject to all the to=s and conditions of
the Official Notice of Salt of said Notes dated August 10, 1969, all of which terms and conditions
are made a part bertof as fully as though,.set forth in full in this proposal.
This proposal is subject to acceptance, in whole or in part, within twenty-six (26) hours
after the expiration of the time for the receipt of proposals, as &-tcified in said of Sale.
There„-, is enclosed herewiv- & cert-i"ed or cs;014-ier's r..heck
one percent (1 %) of the principal anount of the Notes, payable to the order of the City of Diamond
Bart
We hereby request that 20 (not to exceed 50) printed copies of the Official
Statement pertai--_ing to the Notes be furnished us in accordance with the terms of said
Official Notice of Sal*.
-1
U-jf U 0 0 ru Ln
r-Lj A,'.. ell 0
000
Ln UI
00
Lo r1 <D
1-j Ln
C:) t:)
T the f of Towing i sour compt.,tation made as provided in the
Official Notice of Sale, but not constituting any part of the foregoing, of the net interest cost
under the foregoing proposal:
Total Interest .............................. $ Less Premium ................................ $ 45-7 Net
Interest Cost ...........................
Net Interest Rate ...........................
Following is a list of the members of our account on whose behalf this bid is made.
Respectfully submitted,
Name of firm -- LIVAG-It k Account Manager
f By
Address
Name, address and phone number of Bidder's
representative to be contacted regarding closing
procedures:
Name: L — U If. W -- L Address ?, 6 j 44" C2
Phone 2L 4 -z
BID FORM
Kzv0
r-- z
o-�
PROPOSAL FOR TEE PURCHASE OF
$3,000,000
CITY OF DIAMOND BAR
(Los Angeles County, California)
13.139 T_-- 42.1-1d R,evenue Anl:i-7i,pation INotes
1989
City of Diamond Bar
c/o, Seidler -Fitzgerald Public Finance515 South Figueroa Street
6th Floor
Los Angeles, California 90071-3396
Gentlemen:
lie offer to purchase the $3,000,000 City of Dia-m--nd Bar 1-989 7;ax and Revenue Anticipation Notes in the
principal maturing e;i-id bearing interest as follows:
Maturitv Interest Rate $3,000,000 September 4, 1990
an,S— to pay therefor the principal amount thereof plus a premium of $
7
This proposal is made subject to all the terms and conditions ofthe Official Notice of Sale of said Notes
dated August 10, 1989, all of which terms and conditions are made a part hereof as fully as though set forth in full in
this proposal.
This proposal is subject to acceptance, in whole or in part, within twenty-six U6) hours
after the expiration of the time for the receipt of proposals, as specified in said Official Notice of Sale.
There is enclosed herewith a certified or cashier's check for one percent (1%) of the
principal amount of the Notes, payable to the order of the City of Diamond Bar.
We hereby request that (not to exceed 50) printed copies of the Official Statement pertaining to the
Notes be furnished us in accordance with the terms of said Official Notice of Sale.
-I
E -g - J
F-rro
co EZ Ci V r 0000"
ZC<w
CIL uln
The f o I low ing is our ma -de as provided in t, h e Official I'llotice of Sale, but vrt cons ti Uuting any part of
the foregoing, of the net interest cost under the foregoing proposal:
Total Interest Less Premium .... Net Interest Cost .Net Interest Rate
Following is a list of the members of our account on whose behalf this bid is wde.
Bniikof-ica11'&SA
Respectfully submicted,
Nlame of firm Bank of Prierica NT & SA Account Manager
By Address 555 964itn St-reat 4th Vl:oor
Los IiT'--.eles. C,,, 900171
Name, address and phone number of Bidder's representative to be contacted regarding closing procedures:
Name: Lillian Bautista Address 555 California Street
4th Floor
San Francisco, CA 94104 Phone (415) 953-1094
-2
BID FORM
PROPOSAL FOR THE PURCHASE OF
$3,000,000
CITY OF D1.kMOND1 BA.R(Los.Angeles County, CalifoLnia)
1989 Tax and Revenue Anticipation Notes
A 2 c
City of Diamond Bar
c/o Seidler -Fitzgerald Public Finance 515 South Figueroa Street
6th Floor
Los Angeles, California 90071-3396
Centlemen:
r7 14e offer to purchase the $3,000,000 City c.;
and Revenue Anticipation Notes in the principal ru—.".uzing and bearing interest as followst
PrincipAl Amount 'A 11- EN C' J-. t e
$3,000,000 September 4, 1990
and to pay therefor the principal amount thereof plus a premium of I L?
This proposal is made subject to all the terms and conditions of the Official Notice of Sale of said Notes
dated August 10, 1989, all of which terms and conditions are made a part hereof as fully as though set forth in full in this
proposal.
71.is proposal is subjecf.- to in whole cir in pi-nrwithin twenty-six (26) hours after the expiration of the time for the receipt
of proposals, as specified in said Official Notice of Sale.
There is enclosed herewith a Tmt4Li=k-xQr cashier's check for one percent (1 %) of the principal amount
of the Notes, payable to the order of the City of Diamond Bar.
We hereby request that 50 (not to exceed 50) printed copies of the Official Statement pertaining to the Notes
be furnished us in accordance with the terms of said Official Notice of Sale.
-1