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<br /> 489
<br /> COUNCIL CHAMBERS
<br /> EUGENE, ORE GON
<br /> I SEPTEMBER 26, 1949
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<br /> THE REGULAR MEETING OF THE COMMON COUNCIL OF THE CITY OF EUGENE WAS HELD ON SEPTEMBER 26, 00
<br /> 1949 AT 7:30 P.M. THE MEETING WAS CALLED TO ORDER BY HIS HONOR, MAYOR V. E. JOHNSON. COUNCILMEN '~
<br /> PRESENT WE RE : HA WN, DAVIS, CRUMBAKER, WELLS, Bo 0 T H , GODLOVE AND SMITH. COUNCILMEN ALLEN WAS
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<br /> A BS E NT.
<br /> THE MINUTES OF THE LAST MEETING HELD SEPTEMBER 12, 1949 WERE READ AND APPROVED..
<br /> I I THIS BE I NG THE DATE SET FOR THE OPENING OF THE BIDS ON THE SALE OF #123,903.29, BANCROFT
<br /> Bo NOS, SERIES "C", THE CITY RECORDER REPORTED THE RECEIPT OF THREE BIOS.
<br /> UPON MOTION DULY MADE, SECONDED AN 0 CARRIED,. THE RECORDER WAS INSTRUCTED TO OPEN THE BIDS
<br /> WHICH WERE TABU LA TED AS FOLLOWS:
<br /> BOND PRICE PER COST OF LE GAL OPINION
<br /> BIDDER $100 OF FACE VALUE INTEREST RATE TO BE BO RN E BY
<br /> EUGENE BRANCH - U. S.
<br /> NATIONAL BAN K 0 F
<br /> PORTLAND 100.42 1-3/4% BIDDER
<br /> BLYTHE & COMPAN Y 100.00 BONDS DUE 1950-51 (Y 4-1/2%
<br /> II II 1952-54 (j 1-1/4%
<br /> .. .. 1955-57 Ci 1-1/2% BIDDER
<br /> It II 1958-59 Ci 1-3/4%
<br /> FIRST NATIONAL BANK
<br /> OF Eu GENE 100.14 2% BIDDER
<br /> COUNCILMAN HAWN REPORTED THAT AFTER CONSIDERATION OFT HE NET INTEREST RATE. THE SALE PRICE
<br /> AND CONS I DERI NG THE DIFFERENCE IN COST IF CALLA BLE FEATURE IS EXERCISED PLUS THE CALCULATED
<br /> 01 Ff"E REN CE IN THE COST OF PRINTING AND SHIPPING THE BO NOS THAT IN HIS OPINION THE BID Of" THE
<br /> I EUGENE BRANCH Of" THE u. S. NATIONAL BANK OF PORTLAND WAS THE MOST ADVANTAGEOUS f"OR THE C I T Y TO
<br /> ACCEPT.
<br /> IT WAS MOVED BY HAWN, SECONDED BY CRUMBAKER THAT THE BID Of" THE EUGENE BRAN CH Of" THE u. S.
<br /> NATIONAL BAN K 0 F PORTLAND WITH A NET INTEREST COST Of" $11,885.42 OR 1.676% BE ACCEPTED AND THAT
<br /> THE PROPER CITY OfFICERS BE AUTHORIZED TO HAVE THE BONDS PREPARED AND DELIVERED TO THE EUGENE
<br /> BRANCH Of" THE u. S. NATIONAL BA N K 0 F' PORTLAND IN CONF'ORMITY WITH THE BID. ROLLCALL VOTE. ALLEN
<br /> ABSENT. MOTION CARRIED.
<br /> REPORTS OF OFFICERS
<br /> 2 THE CITY MANAGE R REPO RTED ON THE REQUEST TO THE STATE HIGHWAY DEPARTMENT FOR PARTICIPATION
<br /> IN THE INSTALLATION OF TRAFFIC SIGNALS AT 6TH AND 7T H AN 0 HIGH AND 7TH AN D OLIVE STREETS, STATING
<br /> THA T OfFICIALS OF THE HIGHWAY DEPARTMENT HA 0 NOT PRESENTED THIS REQUEST TO THE COMMISSION AT THE
<br /> MEETING Of" SEPTEMBER 21ST, BUT THAT MEMBERS OF THE HI G HW A Y DEPARTMENT STATED THAT THEY WOULD CALL
<br /> THE BOARD INDIVIDUALLY WITHIN THE NEXT WEEK OR SO IN AN ENDEAVOR TO GET APPROVAL OF THE SE THREE
<br /> LIGHTS BE FO RE THE NEXT COMMISSION MEETING.
<br /> PROGRESS OF THE IMPROVEMENT PROJECTS, BRIDGES UNDER CONSTRUCTION AND MILLRACE WAS THAT THEY
<br /> ARE ALL PROGRESS I NG IN GOOD SHAPE AND THAT THE DANGER OF BEING LEFT WITH A NUMBER OF UN FIN 1 S HE 0
<br /> PROJECTS WAS A BOU T OV E R , DUE TO THE CURRENT GOOD WEATHER AND THE GOOD PROGRESS MADE BY THE
<br /> CONTRACTORS UNDER THE ENGINEERING DIRECTION OF MR. CLUBB.
<br /> 3 POLICE CHIEF JONES GAVE A COMPREHENSIVE REPORT Of THE MEETING OF' THE INTERNATIONAL ASSOCIA-
<br /> I TION OF CHIEFS OF POLICE HEL 0 IN DALLAS, TEXAS, SEPTEMBER II-15TH, RELATIVE TO TRAFFIC PROBLEMS,
<br /> PROPERTY VALUATIONS PERTAINING PARTI CULARLY TO ONE-WAY GRID SYSTEMS. His REPORT COVERED THE
<br /> HOUSTON, TEXAS GRID PLAN INVOLVING THE GULF FREE-WAY AND THE ACCESSIBILITY OF TRAF"F"IC TO THE
<br /> BUSINESS AREA AND THE MOVEMENT OF TRAFFIC WITHIN THE BUSINESS AREA. THE MATERIAL WHICH HE:
<br /> PRESENTED COVERED ONE-WAY GRID SYSTEMS AND OFF-STREET PARKING F'ACILITIES AND WAS RECEIVED AND
<br /> F'ILED WITH THE ONE-WAY GRID FILE FOR THE C I T Y OF EUGENE.
<br /> REPO RTS OF COMM I T TEES
<br /> I 4 A JOINT REPORT Of THE FINANCE AND PUBLIC SAF'ETY COMMITTEE - RE: liCENSING LEGALIZED
<br /> PUNCHBO ARDS WAS S U BM I T TED AND READ AS F'OLLows:
<br /> itA COMMITTEES
<br /> MEETING OF" THE PUBLIC SAFETY AND FINANCE - RE: LICENSING LEGALIZED
<br /> PUNCHBOARDS WAS HELD ON SEPTEMBER 20. 1949 AT 5:00 P.M. PRESENT WERE COUNCILMEN HA WN , DAVIS,
<br /> AND CRUMBAKER, CITY MANAGER, CITY ATTORNEY, AND CITY RECORDER.
<br /> AFTE R CONS I DERABLE DiSCUSSiON RELATIVE TO PUNCHBOARDS AS RECENTLY. DECLARED LEGAL BY
<br /> DISTRICT Ju DGE ANDERSON, I TWAS DECIDED BY THE COMMITTEE THA T THE CITY SHOULD EITHER ABOLl SH
<br /> THEM ENTIRELY OR LICENSE THE M.
<br /> DR. CRUMBAKER MOV ED TO ABOL I SH THE PUNCHBOARDS ENTIRELY, BUT THERE WAS NO SE CON D TO
<br /> THE MOTION, WITH THE RECOMMENDATION THAT A MINORITY RE PO RT BE FILED OPPOSING THE LICENSING
<br /> Of" PUNCHBOARDS.
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