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f79~ e I COUNCIL CHAMBERS, EUGENE, OREGON. I AUGUST 14, 1952. , , (t'-Q II THE ADJOURNED MEETING OF THE COMMON COUNCIL OF THE CITY OF EUGENE WAS CALLED TO ORDER 1.1",) Ii BY HIS HONOR MAYOR V. E. JOHNSON IN THE CITY HALL AT 4:00 P.M. ON AUGUST 14, 1952 WITH THE CO II FOLLOWING COUNCILMEN PRESENT: CRUMBAKER, BOOTH, GODLOVE, SIEGENTHALER AND KOPPE. COUNCIL- <f: 11 MEN ALLEN, SMITH AND WATSON WERE ABSENT. P-o<l ~ I I THIS BEING THE DATE SET fOR THE OPENING AND CONSIDERATION OF BIDS ON THE SALE OF $650,000.00 GENERAL OBLIGATION AND REVENUE BONDS, THE CITY RECORDER REPORTED THE RECEIPT Of THREE BIDS, PUBLICLY OPENED AT 10:00 A.M. DAYLIGHT SAVING TIME ON AUGUST 14, 1952. THE BIDS WERE TABULATED AS fOLLOWS: " I PURCHASE PRICE NET INTEREST EFFECTIVE e I BIDDER PER $100 PAR I NTEREST RATE COST TO CITY INTEREST RATE II FIRST NATIONAL BANK I Of EUGENE AND Assoc I A TES $ 98.9089 1954-58 1.50% $ 85,992.15 1.9109% It 1959-62 1.75% Ii 1963-64 2.00% I II FOSTER , MARSHALL I I, AND ASSOCI ATES 99. 10761 1954-60 1.75% 90,550.60 2.0122% II I 1961-64 2.00% I UNI TED STATES I i NATIONAL BANK Of I' PORTLAND, EUGENE I' Ii BRANCH' ASSOCIATES 98.85 1954-60 1.75% 92,225.00 2.0494% II . 1961-64 2.00% EFfECTIVE INTEREST RATE OF PREVIOUS ISSUES: $450,000.00 STREET' HIGHWAY BOND, DATED 'I II FEBRUARY I , 1951 - I .6349% !I . \1 $270,172.60 BANCROfT IMPROVEMENT BOND, DATED I, JUNE 2, 1952 - 1.737% II I: FOLLOWI NG AN EXAMINATION OF THE BIDS, IT WAS MOVED BY CRUMBAKER, SECONDED BY BOOTH THAT I Ii THE BONDS BE AWARDED TO FIRST NATIONAL BANK OF EUGENE' ASSOCIATES ON THE BID Of $98.9089 AND AT THE INTEREST RATE Of 1;.9109% ON ALL BONDS AND THAT THE CERTIFIED CHECKS SUBMITTED WITH THE I OTHER BIDS BE RETURNED. ROLLCALL VOTE. MOTl ON CARR I ED. i 2 i A BILL TO THE BYRON JACKSON COMPANY I N THE AMOUNT Of $17,694.00 TO BE PAID OUT OF THE I SEWAGE DISPOSAL FUND WAS SUBMITTED FOR TWO 30" H.S. PUMPS, COMPb..ETE AT THE POLK STREET I PUMPING STATION. I I I ! IT WAS MOVED BY CRUMBAKER, SECONDED BY BOOTH THAT THE BILL AS SUBMITTED, BE APPROVED. ROLLCALL VOTE. MOTION CARRIED. i 'I UPON MOTION DULY MADE, SECONDED AND CARRIED, THE MEETING WAS ADJOURNED TO AUGUST 25, I, I 1952. I e I I II I L. KING, I, MANAGER. r II il I' :\ I I I , e I ..... ,