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HomeMy WebLinkAbout65-44RESOLUTION NO. 65-44 RESOLUTION DETERMINING ADEQUACY OF BIDS FOR SALE OF THE MUNICIPAL PROPANE GAS SYSTEM OF THE CITY OF UK!AH, 2, CCEPTING THE BID OF PACIFIC GAS AND ELECTRIC COMPANY AS THE HIGHEST AND BEST BID, :~:.NO AUTHORIZING MAYOR AND CLERK TO E×ECUTE AND DELIVER DEED TO SAID SYSTEM TO PACIFIC GAS AND ELECTRIC COMPANY UPON RECEIPT OF PAYMENT. fol lows: The City Council of the City of Ukiah does hereby RESOLV:!.! =~s WHEREAS, bids for the sale of the municipal propane gas system of the City of Ukiah were duly called, time fixed, and notice duly given; and, !~!!-!F.iSA3, on February 24, 1965, being the time fixed for the receipt cf :~:~uch bids, the same were publicly received and examined by the City Council of the City of Ukiah; NOW, THEREFORE, the City Council of the City of Ukiah does hereby find and determine that only one such bid was received, that being the bid of Pacific Gas and Electric Company, and that such bid was the highest and best received and was not, in the opinion of the City Council, inadequate or disproportionate to the value of said public utility; and, The Council of the City of Ukiah does hereby accept the bid of Pacific Gas and Electric Company for the sale of the municipal propane gas system of the City of Ukiah and does authorize, empower and direct the Mayor and Clerk of the City of Ukiah to execute, acknowledge a~d deliver, for and on behalf of said City of Ukiah and in itsn~am~' .~nd under its corporate seal, a good and sufficient deed conveyi~-g said municipal propane 9as system of the City of Ukiah to Pacific Gas and Electric Company upon receivin9 from said Pacific Gas arid ~'l.actr~c~.. , ?.~,~.~,,~.paoyo~''~. ~. cash. the~ full amount of its aforesaid bid, ....... : ............ r~d twenty f~ve thousand dollars ($725,000. .00~, ~n., law¢'ul~ mor~e,:,~ .~::~'~:, ~h,:, ~ United States o'F, America, and the promise of said Pacific" uas and Electric Company to continue to operate said gas system, and the agreement by said Pacific Gas and Electric Company to comply with the provisions contained in letters from said Company to the City Manager of the City of Ukiah, dated October 27, 1964, December 15, 1964 and December 21, 1964. PASSED AND ADOPTED this 24th day of February, 1965 by the following vote. AYES: NOES: Counc!lmen Norgard, Crook, Scotto, Harlowe and Mayor Buxton. None. ABSENT: None. ATTEST: