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<br />r--194
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<br />1/15/63
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<br />
<br />COUNCIL CHAMBER
<br />EUGENE, OREGON
<br />JANUARY 15, 1963
<br />
<br />I
<br />
<br />A MEETING OF THE COMMON COUNCIL OF THE CITY OF EUGENE, OREGON, ADJOURNED. FROM THE REG~LAR MEETING
<br />OF JANUARY 14, 1963, WAS CALLED TO ORDER BY COUNCIL PRESIDENT JOHN CHATT IN THE ABSENCE OF MAYOR CONE,
<br />AT 3:30 P.M. ON JANUARY 15, 1963 IN THE COUNCI~ CHAMBER~OTHER COUNCJL MEMBERS PRESENT WERE MESSR~.
<br />SWANSON, CHRISTENSEN, DEVERELL AND CRAKES. COUNCILMEN LAURIS, HAWK AND PURDY WERE ABSENT.
<br />
<br />I. THIS BEING THE DATE SET FOR THE AWARD Of BIDS fOR THE PURCHASE Of $950,000 IN GENERAL OBLIGATION
<br />BONDS fOR IMPROV'fMEN';-S AT MAHLON SWEET AIRPORT, THE fOLLOWING TABULATION Of BIDS AS OP.ENED AT 10.:00 "A.M.
<br />ON'JANU~RY 15, 1963 WAS PRtSEN~ED:
<br />
<br />BIDDER
<br />SCHWABACHER AND COMPA'NY
<br />& ASSOCI"ATES
<br />
<br />, ::, PURCHA"SE
<br />PR'I CE
<br />, $947,465.00
<br />
<br />HALSEY, STUART & CO.,
<br />INC., & ASSOCIATES
<br />
<br />945,479.00
<br />
<br />THE BANK OF CALWORNIA
<br />N.A. & ASSOCIATtS
<br />
<br />943,200.00
<br />
<br />THE 1ST NATIONAL BANK Of
<br />OREGON, PORTLAND & ASSOCIATES
<br />
<br />949,715.00
<br />
<br />THE FIRST NATIONAL BANK Of
<br />CHICAGO & ASSOCIATES
<br />
<br />950,252.00
<br />
<br />CONTINENTAL ILLINOIS
<br />NATIONAL BANK & Assoc.
<br />
<br />948,818.49
<br />
<br />BLYTHE & COMPANY, INC.
<br />& ASSOCIATES
<br />
<br />948,071.50
<br />
<br />SEATTLE-FIRST NATIONAL
<br />BANK & ASSOCIATES
<br />
<br />947,150.00
<br />
<br />JOHN NUVEEN & COMPANY
<br />& ASSOCIATES
<br />
<br />,
<br />950,145.00
<br />
<br />COMMERCE TRUST COMPANY
<br />KANSAS CITY, & Assoc.
<br />
<br />950,180.00
<br />
<br />BANKERS TRUST COMPANY
<br />
<br />947,747.55
<br />
<br />MATURrTY. YEARS &
<br />I NTEREST RATES
<br />BONDS DUE, ,1964.-,69 -,2-3/4%
<br />11 : :'970-76, - 2..., 1/2%
<br />.11,977:...80 - 2-3/4%
<br />11 .. 1981'-83 -' 2.9 %
<br />
<br />BONDS DUE 1964-75 - 2-1/2%
<br /> 11 1976-80 2-3/4%
<br /> -
<br /> 11 1981'-83. - 2.9. %
<br />BONDS DUE 1964-75 - 2-1/2%
<br /> II 19i76-80 2-3/4%
<br /> , .,
<br /> II 1981-83 - .2 ..9 %
<br />BONDS DUE 1953-74 - 2-1/2%
<br /> " 1975-78 - 2/3/4%
<br /> 11 1979-83 3 %
<br />BONDS DUE 1964-73 - 2-1/3%
<br /> 11 1974-78 - 2 - 3/4%
<br /> 11 1979-83 - 3 %
<br />BONDS DUE 1964-73 - 2-1/2%
<br /> II 1974-78 2-3/4%
<br /> -
<br /> II 1979-83 - 3 %
<br />BONDS DUE 1964-73 - 2-1/2%
<br /> II 1974-77 - 2.7 %
<br /> II 1978-83 - 3 %
<br />BONDS DUE 1964-73 - 2-1/2%
<br /> " 1974-78 - 2-3/4%
<br /> II 1979-83 - 3 %
<br />BONDS DUE 1964-68 - 3 %
<br /> II 1969-73 - 2-1/2%
<br /> II 1974-79 - 2.8 %
<br /> II 1980-83 - 3 %
<br />BONDS DUE 1964-66 - 2.9 %
<br /> II 1967-73 2.5 %
<br /> II 1974-80 - 2.9 %
<br /> II 1981-83 - 3 %
<br />BONDS DUE 1964-72 - 2-1/2%
<br /> " 1973-77- 2 - 3/4%
<br /> II 1978-83 - 3 %
<br />
<br />NET. INTEREST
<br />COST TO CITY
<br />'$ 265,,520.00,
<br />
<br />EffE',Cl I VE
<br />INTe; REST
<br />RATE'
<br />,2.73028: %
<br />
<br />e
<br />
<br />266.,343.50
<br />
<br />2.738,75, %
<br />
<br />268,622.50
<br />
<br />2.762 %
<br />
<br />I
<br />
<br />269,735.00
<br />
<br />2.7736 %
<br />
<br />270,435.50, 2.780827%
<br />
<br />271,869.02 2.79556 %
<br />
<br />273,178.50
<br />
<br />2.8090 %
<br />
<br />273,537.50
<br />
<br />2.8127 %
<br />
<br />274,315.00
<br />
<br />2.8207 %
<br />
<br />I
<br />
<br />274,610.00
<br />
<br />2.82375 %
<br />
<br />275,877.45
<br />
<br />2.836786%
<br />
<br />e
<br />
<br />MR. SWANSON MOVED SECONDED BY MR. DEVERELL 'THE BONDS BE SOLD TO SCHWABACHER AND COMPANY AND ASSOCIATES
<br />ON THEIR BID PRICE OF $99.73315 PER $100 PAR VALUE AT AN EFFECTIVE INTEREST RATE OF 2.7302~. ROLLCALL
<br />VOTE. ALL COUNCILMEN PRESENT VOTING AYE, MOTI~ CARRIED.
<br />
<br />RESOLUTIONS
<br />
<br />2 RESOLUTION #928 - ACCEPTING BID OF SCHWABACHER AND COMPANY AND ASSOCIATES FOR THE PURCHASE OF
<br />$950,000 GENERAL OBLIGATION BONDS FOR AIRPORT IMPROVEMENTS WAS SUBMITTED AND READ IN FULL.
<br />
<br />MR. SWANSON MOVED SECONDED BY MR. DEVERELL THAT THE RESOLUTION BE ADOPTED. ROLLCALL VOTE. ALL
<br />COUNCILMEN PRESENT VOTING AYE, MOTION CARRIED.
<br />
<br />MR. SWANSON MOVED SECONDED BY MR. DEVERELL THAT THE MEETING BE ADJOURNED TO MONDAY,
<br />JANUARY 28, 1963. MOTION CARRIED.
<br />
<br />I
<br />
<br />~,
<br />
<br />:;#qrr
<br />
<br />HUGH McKINLEY
<br />CITY MANAGER
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