City Council Packet - 06/02/1969MOM
E-ID CITY CCUNCI L,
n; JUNE 2, 1969, ?:30 P
1, [10L.1 Ct;[i -i. I:,G. Kyle, Councilman c!oyd h. Bergmann,
Robert C. Moore; Stephen M 'Telfer,
ln :.;,_straior, Keith C.- Thcmpsorn, Director of Public
r , Uartig, City Recozder
(`:nu:,_:lman Thomas M, O'Halloran
Spec—: ff"t _r. d:,ly held as announced at the regular Council
Meet' n1 _ 1969
24 PLEDGE Ox
3. CITY 11At
presented plans and breakdown of expenses for
:cv Cost of remodeling ;including 2 heat-
1 ❑: 'ed; $5823. City Administrator stated funds
ere' .. _r 1968-69 budget.
Larsen to authorize the remodel,-ng of
< ecxceed $5823 ; seconded by Councilman Bergmann,
e t ,.r j ....,,you_ vote of Council present..
4. COMM ONWEAL'PN 'ltC`P[:F'T.ES I,NC,REVIEW
a ';d -irds of Commonwealth Propeitres Inc. gave an
s * e.nri ,ew of the proposed "Foothills Project
5. BID OPENING Iii,2R'Ri;F"P PONDS FOR O.E.A. SEWER PROJECT $33,765,20
a, did ur;,,.._. c. '8:tin P.M,
The �;-i , .�i,�.c� r>i,.,',s :were received:
United t_a-ees National Bank of Oregon - effective interest
` '36'?' - net interest cost $8,770.49
First. „tiona'' Bank of Oregon - effective interest rate
net. =nterest:cost $9,142.57
Both 1,r.3 wet,e accompanied by a certified check in:the amount
of 5676,
tbi Cit.`: Acro;n:st:ator;reviewed and;recommended city accept bid of
Una`c.-;3 S ,_,eli National Bank (subject to review of bonding
'.A.toYnets Shuler,..Rankine Myers and Walsh)
¢c, r,;; ,n by Councilman Moore to accept the bid of United States
1at!rnai Rank, seconded by Councilman:Bergmann
Appx�-,,-,-.<i :-�y ;nanxmous vote of Council present.
6. ADJOURNMENT: 8:10 P,,ti1. �\
Ci�r/
Ft��rder �-�—
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f Maynr
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Juni. ,z 1.1 •`3
The special ,rnee�in�, of the Cit.; Council of t J.i o?' srd
field in theCounciI , hambers, C'It . i7a1 i'i_;avd i, c,:: on it.inv <
1969 was called to orce.r It 7:3, r,.. ;",Ie, roll -
vealin.r that all Councilmen, except ;.r .
together witin ;nembers of the
IL rote rcr the record that tt,e
been called by the co-:,mon con vent of t .e- b=rs of tli,�
all of rhoaa had been present at the last prior nc:et-n ' of =3j
ly6;a '
The i>ia;/or announced that the n.:rnose or the et:, ::<aalcally
was to open any bids received 1it1� respect tt, t,ie
eneral obliation iriprovecient bonl,s of the City of arc" sitn
respect to the O.L:.A. Trunk Pe er inprove,'ent L'i: -ict, i i -e be-
in; two bids only, hercina£ter set forth.
The f•layor proceeded to open the gids and publicly re_td tiie:a,
as follows:
c',I;�r.D STATES, afYPThd,II, T q,. 07, ORECOIT,
Ti,ard, Oregon:
For all of said bonus a nublici ed,
Coupon interest rate of
Price: :::100.06 for each '$100. par value
Total coupon cost 58,790.75
Less Premium Bid 20.?
'Ne t770.Cost
8�770:�Ic)
Effective interest Tate 5 73675,
FIRST sATTOAAr, rPNK Oil ORECON ':i,-arz ranch
P.0.Box 23306, `Pi-;ard, Cre;pn
For all of said pends as oublicized,
Coupon interest rate of 65
Price- $100.09 for each tloo, spar value
Het interest cost: ;;9,1112.57
Effective interest- rate: 5.9810;.
After some discussion, on motion ?jade by Councilman :",ogre,
seconded by Councilman;Ber7-nann, arl the unanimous mote O" all-Council-
men present and the 'Mayor, the<bid of united States dational-Bank of
Oregon was duly accepted.
On motion duly made, seconded and passed, it was directed t;iat
the City ,iecorder and the City Attorney proceed forthwith to cauee'to
have orepared the final transcript of, proceedln,s for approval by
essrs. Shuler, Rankin,,Myers & ",dalsh, and to have the i)oncis` prepared
and delivered prior to July 1, :1969.
Atkis Doris tiartit, er
„or