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""3 7 6 .- ~ 1"'.-1f COUNCIL CHAMBERS, EUGENE, OREGON, APRIL 18,1949 I .", ..;. ,...J~_ A SPECIAL MEETING or THE COMMON COUNCIL or THE CITY or EUGENE WAS HELD ON APRIL 18, 1949 AT 7:30 P.M. THE MEETING WAS CALLED TO ORDER BY His HONOR, MAYOR V. E. JOHNSON. COUNCILMEN PRESENT WERE: HAWN, DAVIS, CRUMBAKER, BOOTH"AND SMITH. COUNCILMAN WELLS TOOK HIS SEAT IN THE COUNCIL CHAMBERS AT 7:50 P.M. AND COUNCILMAN GODLOVE AT 8:00 P.M. COUNCILMAN ALLEN WAS ABSENT. W "'l ::r: I . THE MAYOR ANNOUNCED THAT THE PURPOSE or THE MEETING WAS TO CONSIDER THE BIOS SUBMITTED ON THE PURCHASE OF THE 82,000,000.00 GENERAL OBLIGATION WATER & ELECTRIC UTILITIES BONOS or THE CITY OF EUGENE AND AWARD THE ISSUE ON THE BASIS or THE BEST BID. THE MAYOR SUBMITTED AND READ THE rOLLOWING COMMUNICATION FROM THE EUGENE WATER & ELECTRIC BOARD: I "THE UNDERSIGNED; ON BEHALr OF THE EUGENE WATER & ELECTRIC BOARD, RECOMMEND YOUR ACCEPTANCE or THE LOW BID WHICH WAS SUBMITTED BY ROBERT HALL FOR BLYTH AND COMPANY AND ASSOCIATES. WE UNDERSTAND THAT THEY OFFER TO PAY A PREMIUM OF 3.352% ON THE PAR VALUE or THE I~SUE. THIS REPRESENTS A PREMIUM PAYMENT OF $67,040.00 ON THE 82,000,000.00 ISSUE, OR THE PAYMENT OF A TOTAL SUM or 82,067,040.00. THE NET INTEREST COST OF THE ISSUE TO THE EUGENE WATER& ELECTRIC BOARD IS TO BE 1.39822% ON THE PAR VALUE OF THE BOND. THIS OFFICE HAS CHECKED THE NET INTEREST AND EFFECTIVE INTEREST RATE, AND W~ BEL1EVE THEM TO BE CORRECT- AND THE LOWEST BID." THE BIDS, PREVIOUSLY PUBLICLY OPENED AT 2:00 P.M. ON APRIL 18, 1949, WERE SUBMITTED AND READ BY THE CITY RECORDER. 'THE BIDS WERE TABULATED AS FOLLOWS: BIDDER PURCHASE PRICE PER 8100.00 OF PAR VALUE FIRST NATIONAL BANK OF EUGENE OREGON, AND OTHERS 99.872 INTEREST NET INTEREST RATE Co S T TO CITY BONDS DUE 1950-53 - 5% " " 1954-56 - 1-1/4% 158,960.00 " " 1957-59 1-1/2% BONDS DUE 1950-51 - 4% " " 1952-55 - 1-1/4% 173,560.00 BONDS DUE 1950-53 - 3% " " 1954-55 - 1-1/2% 187,186.00 " " I 956-59 - 1-3/4% I BLYTH & CO. AND OTHERS 103.352 FORDYCE & CuMPANY AND OTHERS 224.07 PACIFIC NORTHWEST COMPANY AND OTHERS 101.729 BONDS DUE 1950-52 - 4% " " 1953-57 - 1-3/4% 194,420.00 " " 1958-59 2% FOSTER & MARSHALL AND OTHERS 100.022 BONDS DUE 1950-54 - 2-1/4% " " 1955-56 1-1/2% 200,560.00 " " 1957-59 1-3/4% IT WAS MOVED BY HAWN, SECONDED BY DAVIS THAT THE BONDS BE AWARDED TO BLYTH AND COMPANY AND OTHERS AND THAT THE CERTIFIED CHECKS SUBMITTED WITH THE OTHER BIDS BE RETURNED. ROLLCALL VOTE. ALL COUNCILMEN PRESENT VOTING AYE. MOTION CARRIED. 2 THE CITY MANAGER REPORTED THAT DEFINITE PROGRESS WAS BEING MADE ON THE PROJECT TO RESTORE WATER TO THE MILLRACE AND THAT THE CONSULTING ENGINEERS, (CUNNINGHAM AND ASSOCIATES,) ARE PREPARING PLANS AND SPECIFICATIONS FOR THE ENTIRE JOB INCLUDING PUMPS (1-8,000 G.P.M. AND 1-4,000 G.P.M.), PUMP- HOUSE AND OUTLET STRUCTURE AT BROADWAY. THE ESTIMATE 1S THAT THE PLANS SHOULD BE READY FOR SUBMISSION TO THE COUNCIL FOR CON~IDERATION AND CALL FOR BIDS IN JUNE. IT WAS INDICATED BY THE MANAGER THAT FURTHER INVESTIGATION RELATIVE TO GRAVITY FLOW SOURCE ~AS BEING PURGUED~ I 3 IT WAS REPORTED BY THE CITY MANAGER THAT THE PUBLIC SAFETY COMMITTEE RECOMMENDS THAT A POLICY BE ESTABLISHED ~N THE GRANTING OF NEW LtCENSES AND RENEWALS WITH RESPECT TO CARD ROOM, POOL HALL, LIQUOR AND SIMILAR LICENSES, WHICH WOULD REQUIRE AN INVESTIGATION BY THE PROPER DEPART- MENT AND A RECOMMENDATION TO THE COUNCIL BY THE CITY MANAGER WITH FINAL APPROVAL BY COUNCIL ACTION. IT WAS MOVED BY DAVIS, SECONDED BY CRUMBAKER THAT THE CITY ATTORNEY BE INSTRUCTED TO PREPARE I PROPER ORDINANCES TO EFFECT SUCH A POL'CY. MOTION CARRIED. I IT WAS REPORTED ALSO BY THE CITY MANAGER THAT THE PUBLIC SAFETY COMMITTEE RECOMMENDS THAT AN EXPENDITURE OF $1,800.00 BE ALLOWED FROM THE FIRE DEPARTMENT BUILDING AND EQUIPMENT FUND TO REMODEL MAIN FIRE STATION BY PRESENT CONTRACTORS BUILDING SUB-STATIONS, TO HOUSE THE NEW AERIAL LADDER TRUCK WHICH IS DUE TO ARRIVE SOON. IT WAS MOVED BY DAVIS, SECONDED BY HAWN THAT THE EXPENDITURE BE APPROVED. ROLLCALL VOTE. MOTION CARRIED. r ~