11/09/1953 Meeting - Laserfiche WebLink

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H_~.__ 5'15~ e t I I T WAS MOVED BY CRUMBAKER, SECONDED BY GODLOVE THAT THE BILLS AS SUBMITTED BE APPROVED AND THE PROPER CITY OFFICERS BE INSTRUCTED TO DRAW UP THE NECESSARY WARRANTS. ROLLCALL VOTE. MOTION CARRIED. :1 2 ,I THE FOLLOWING MONTHLY PAYMENT ESTIMATES.WERE SUBMITTED: I, ~ CENTRAL HEATING COMPANY U) PAVING 25TH AVENUE FROM WASHINGTON TO JEFFERSON - $6,790.87. 00 1ST FOR ~ 3RD FOR PAVING CLARK FROM ADAMS TO JACKSON; JACKSON FROM 1ST TO CHESHIRE; ADAMS FROM 1ST TO """-1 CLARK - $14,959.33. ~ 3RD AND FINAL FOR PAVING 15TH FROM POLK TO 90 FEET WEST OF TAYLOR - $320.88. COAST CONSTRUCTION & EXCAVATING & JESKE BROTHERS RELEASE, SANITARY SEWER - SOUTH HILYARD TRUNK SEWER FROM 28TH & FERRY TO 38TH & EAST AMAZON DRIVE - $500.00. e A. ROY ST1EN :: , 2 ND FOR PAVING ONYX STREET FROM 26TH TO 28TH AV~NUE - $6,171.04. 'H. C. WERNER, INC. . 'I I , 2ND FOR SANITARY SEWER - BETWEEN WILLAMETTE AND WEST BOUNDARY AMENDED PLAT OF ROSEDALE - 'I TO CREST DRIVE - i 30TH AVENUE $5,026.09. 'I T. C. WILDISH :! I 1ST FOR GRADING DONALD STREET FROM PEARL STREET TO NORTH MARGIN OF 37TH - $880.27. 3RD,AND FINAL FOR PAVING 22ND AVENUE FROM CLEVELAND TO CITY VIEW AND ORR STREET FROM 21ST I , TO 23RO AVENUE - $6,649.10. ! I I LEE HOFFMAN I 15TH FOR SEWAGE DISPOSAL PLANT - $1 3,60 I . I I . , , IT WAS MOED BY CRUMBAKER, SECONDED BY GODLOVE THAT THE ESTIMATES AS SUBMITTEO AND READ '. 1 ISSUE WARRANTS FOR THE SAME. ROLL- ,! BE APPROVED AND THE PROPER CITY OFFICERS BE AUTHORIZED TO CALL VOTE. MOTION CARRIED. I I 3 I THIS BEING THE DATE SET FOR THE OPENING AND CONSIDERATION OF BIDS ON THE SALE OF 1 I $80,353.35 BANCROFTIMPRO EMENT BONDS, SERIES "I ", THE CITY RECORDER REPORTED THE RECEIPT OF FOUR BIDS PUBLICLY OPENED AT 10:00 A.M. ON NOVEMBER 9, 1953. THE BIDS WERE TABULATED AS I I FOLLOWS: I I 'I PURCHASE PRICE INTEREST NET INTEREST EFFECTIVE BIDDER PER $100 PAR VALUE RATE COST TO CI TV I NTEREST RATE I KALMAN AND COMPANY M INN E A POL I 'S , MINNESOTA PAR';' $87.50 2t% $10,225.45 . 2.2309% . . FIRST NATIONAL BANK 54 & 55 5~ OF" EUGENE, OREGON 100.02 56 - 63 2t;-% I 1,023.36 2.404% U.S. NATIONAL BANK OF" 100.13 2t% PORTLAND, EUGENE BRANCH PLUS 3% ON ALL e BONOS FROM I I ,41 3.79 2.49017% 12/1/53 TO 6/1/54 0 GRANDE & COMPANY SEATTLE, WASHINGTON PAR';' $27.00 2-7/8% 13,150.65 2.869% Ii NOTE: BIDS OF FIRST NAT ONAL BANK OF EUGENE AND U. S. NATIONAL BANK OF PORTLAND, EUGENE BRANCH INDICATE COST OF LEGAL OPINION WILL BE BORNE BY BIDDER. GRANDE AND COMPANY BID DOES NOT STATE WHO WILL PAY FOR COST OF THE OPINION OR WHERE DELI ERY IS TO BE I MADE. . CONSIDERING OTHER COSTS THE ACTUAL OOLLAR COST OF THE KALMAN AND COMPANY BID IS $10,304.22, FOR AN EFFECTIVE RATE OF 2.248%. OTHER COSTS ARE SHIPPING COSTS TO MI NNEAPOLIS, $23.47; COST OF LEGAL OPINION, $150.00 LESS COST OF PRINGINT BONDS - I $94.70. FOLLOWING AN EXAMINATION OF THE B,I DS, IT WAS MOVED BY CRUMBAKER, SECONDED BY GODLOVE THAT THE BID BE AWARDED TO KALMAN AND COMPANY, MINNEAPOLIS, MINNESOTA ON THE BID OF" PAR I $87.50 FOR THE ISSUE AND AT THE EFFECTIVE INTEREST RATE OF 2.2309 AND THAT THE CERTIFIED CHECKS SUBMITTED WITH THE OTHER BIDS BE RETURNED. ROLLCALL VOTE. MOTION CARRIED. I e . ~