Laserfiche WebLink
<br />3,4~ <br /> <br />j <br /> <br />~"__n.~~_ .__._.,_ <br /> <br />IT WAS MOVED BY BOOTH, SECONDED BY CRUMBAKER THAT THE BILLS AS SUBMITTED AND READ BE <br />APPROVED AND THE PROPER CITY OFFICERS BE INSTRUCTED TO DRAW UP THE NECESSARY WARRANTS. <br />ROLLCALL VOTE. MOTION CARRIED. <br /> <br />3 <br /> <br />THE FOLLOWING MONTHLY PAYMENT ESTIMATES WERE SUBMITTED AND READ: <br /> <br />4TH AND FINAL TO THE CENTRAL HEATING CO. FOR PAVING ONYX FROM 24TH TO 25TH - $857.46. <br />5TH AND FINAL TO THE CENTRAL HEATING CO. FOR PAVING POTTER FROM 25TH TO 26TH - $1,816.72. <br />3RD AND FINAL TO THE CENTRAL HEATING CO. FOR PAVING 23RD FROM HILYARD TO ALDER - $1,475.46. <br />4TH TO INTER-CITY SAND & GRAVEL FOR PAVING GARFIELD FROM 18TH TO S. CITY LIMITS - $12,731.56. <br />2ND AND FINAL TO INTER-CITY SAND & GRAVEL FOR SEWER IN ALLEY BET. 24TH &', 25T.H ~ HIGH TO <br />WILLAMETTE STREET - $345.21. <br />4TH TO JOR~ENSEN CONCRETE CO. FOR PAVING WILLAMETTE FROM 29TH TO 32ND - $1,150.21. <br />2ND AND FINAL TO F. W. RIDDLE FOR PAVING ALLEY'BET. OLIVE AND CHARNEL TON FROM 22ND TO 23RD - <br />$507.92. <br /> <br />IT WAS MOVED BY BOOTH, SECONDED BY CRUMBAKER THAT THE ESTIMATES AS CERTIFIED BY W. C. <br />CLUBB, CITY ENGINEER, AND THE CONTRACTOR, BE APPROVED AND THE PROPER CITY OFFICERS AUTHORIZED <br />TO ISSUE WARRANTS IN PAYMENT OF THE SAME. ROLLCALL VOTE. MOTION CARRIED. <br /> <br />4 <br /> <br />THIS BEING THE DATE SET FOR THE CONSIDERATION OF BIDS ON THE SALE ,OF $450~OOO.00, STREET <br />AND HIGHWAY BONDS, THE CITY RECORDER REPORTED THE RECEIPT OF THE FOLLOWING BIDS: <br /> <br />I <br /> <br />BIDDER <br /> <br />PURCHASE PRICE <br />PER $100 OF <br />PAR VALUE <br /> <br />INTEREST RATES <br /> <br />NET INTEREST <br />COST TO CITY <br /> <br />EFFECTIVE <br />I NTEREST RATE <br /> <br />FIRST NATIONAL BANK OF <br />CHICAGO, fORDYCE &, CO. $ 98.71822 <br /> <br />THE FIRST BOSTON CORP. <br /> <br />98.0143 <br /> <br />MATURITIES 54-73 INCL. 1.50% $104,7~~.00 <br />" 74-76 I NCL. 1,.70% <br />MATURITIES 54-62 I NCL. 1.25% 105,610.65 <br />If 63-73 I NCL~' 1.50% <br />If 74-76 INCL. 1.75% <br />MATURITIES 54-59 INCL. 1.25% 106,427.03 <br />If 60 INCL. 1.30% <br />" 61 I NCL. 1.35% <br />" 62 INCL. 1.40% <br />" 63-64 I NCL. 1.45% <br />" 65-66 INCL. 1.50% <br />If 67-68 INCL. 1.55% <br />" 69-70 I NCL. 1.60% <br />" 71-72 I NCL. 1.65% <br />" 73-74 I NCL. 1.70% <br />" 75-76 I NCL. 1.75% <br /> <br />1.634914 <br /> <br />1.64759 <br /> <br />PACIFIC NORTHWEST CO. <br /> <br />98.57066 <br /> <br />I .660328 <br /> <br /> u. S. NATIONAL BANK OF <br /> PORTLAND (EUGENE BRANCH) <br /> & ASSOCIATES ( 2 ) 98.50 MATURITIES 54-59 I NCL. 1.25% I I I ,575.00 <br /> " 60-66 I NCL. 1.50% <br />I " 67-76 I NCL. 1.75% <br />FOSTER & MARSHALL 98.826 MATURITIES 54-56 I NCL. 3.00% 112,033'.00 <br /> HALSEY, STUART & CO., " 57-61 INCL. 1.25% <br /> I NC. " 62-67 INCL. 1.50% <br /> " 68-76 I NCL. 1.75% <br /> <br />I .74063 <br /> <br />1.7477 <br /> <br />NOTE: ALL BIDS INDICATE COST OF LEGAL OPINION WILL BE BORNE BY BIDDER. <br /> <br />" <br /> <br />FOLLOWING AN EXAMINATION OF THE BIDS, IT WAS MOVED BY BOOTH, SECONDED BY CRUMBAKER THAT, <br />THE BONDS BE AWARDED TO THE FIRST NATIONAL BANK OF CHICAGO AND FORDYCE & ,CO~ ON TijE BID OF <br />$98.71822 PER $100 OF PAR VALUE AT A NET INTEREST COST TO THE CITY OF $104,798.00 FOR AN <br />EFFECTIVE INTEREST RATE OF 1.634914% AND THAT THE CERTIFIED CHECKS SUBMITT~D WITH, THE OTHER <br />BIDS BE RETURNED. ROLL tALL VOTE. ALL COUNCILMEN PRESENT VOTING AYE. MOTION CARRIED. <br /> <br />5 <br /> <br />THIS BEING THE DATE SET FOR CONSIDERATION OF BIDS FOR PURCHASE OF A SWEEPER, THE [ITY <br />MANAGER REPORTED THE FOLLOWING BIDS WERE TABULATED ON WEDNESDAY, JANUARY 3, 1951 AT 10:00 <br />A.M. <br /> <br />I <br /> <br />I <br />I <br />,I <br />Ii <br />:1 <br />II <br />t <br /> <br />.:\.<,:,--, ~ <br /> <br />~~.:: ~;.";" <br /> <br />~~"'..~-'"~~_.- <br /> <br />~ <br /> <br />~-'-- <br /> <br />."'.-..,'.... <br />