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~ 337 I COUNCIL CHAMBERS EUGENE, OREGON MARCH I, 1949 C.l..j .. . 'wA~.J "'] ....,'.-.., A SPECIAL MEETING OF THE COMMON COUNCIL OF THE CITY ON THE CALL OF MAYOR JOHNSON. COUNCILMEN PRESENT WERE: COUNCILMEN DAVIS, ALLEN AND BOOTH WERE ABSENT. OF EUGENE WAS HELD MARC~ 1ST AT 5:00 P.M. HAWN, CRU~BAKER, WELLS, GODLOVE AND SMITH. I IT WAS MOVED BY SMITH, SECONDED BY CRUMBAKER THAT THE AWARD OF THE ISSUE OF $40,000.00 SEWAGE AND DRAINAGE BONDS MADE AT THE REGULAR MEETING FEBRUARY 28, 1949 BE RECONSiDERED. MOTION CARRIED. IT WAS EXPLAINED BY MR. HAWN THAT THE ORIGINAL COMPUTATION MADE AT THE REGULAR MEETING ON MONDAY, FEBRUARY 28, 1949 WAS IN FACT CORRECT AND THAT THE CHARLES N. TRIPP COMPANY WAS ACTUALLY THE LOW BIDDER. 'IT WAS MOVED BY SMITH, SECONDED BY CRUMBAKER THAT THE BID OF CHARLES N. TRIPP COMPANY BE ACCEPTED AND THAT THE PROPER CITY OFFICERS BE AUTHORIZED TO HAVE THE BONDS PREPARED AND DELIVERED TO THE CHARLES N. TRIPP COMPANY IN CONFORMITY WITH THE BID. ROLLCALL VOTE. ALL COUNCILMEN PRESENT VOTING AYE. DAVIS, ALLEN AND BOOTH ABSENT. MOTION" CARRIED. THE CORRECT CONTENT OF THE BIDS AND CORRECTLY COMPUTED INTEREST IS AS FOLLOWS: BIDDER BOND PRICE PER $100.00 OF FACE VALUE INTEREST RATE TOTAL INTEREST COST OF ISSUE COST OF LEGAL OPINION TO BE BORNE BY CHARLES N. TRIPP CO. $100.67 2-1/2% $ 8, 5 57 . 0 0 BIDDER UNITED STATES NATIONAL BANK OF PORTL AND, 0 RE. 100.00 I FIRST NATIONAL BANK OF EUGENE, 0 REGON 100.199 BONDS DUE 1951-1955 @ 2*% 8,685.00 " " 1956-1964 @ 2-k% BONDS DUE 1951-1953 @ 5% 8,575.00 " n 1954-1964 @ 2*% 2-1/2% 8,745.40 BIDDER B L Y T HE do CO., IN C. PAC I F I C BLDG., PORTLAND, aRE. 100.00 BIDDER BIDDER UPON MOTION DULY MADE, SECONDED AND CARRIED, THE MEETING WAS ADJOURNED. RESPECTFULLY SUBMITTED, I I .....