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307~ e 5/27/63 I THIS BEING THE DATE SET FOR THE AWARD OF SALE OF GENERAL OBLIGATION SERIES "s" B~NCROFT IMPROVEMENT BONDS IN THE SUM OF $682,530.04, THE FOLLOWING TABULATION WAS PRESENTED OF BIDS OPENED AT 10:00 A.M. PDT MAY 27, 1963: 00 ~ ~ ~ :0 CO THE FIRST NATIONAL BANK Of OREGON PURCHASE PRICE NET INTEREST EFFECTIVE PER $100 COST TO INTEREST PAR VALUE INTEREST RATE CITY RATE 1964-65 - 5% 1966 - 2% $100.00 1967-69 - 2.25% $96,498.50 2.577 % 1970-71 -.2.5 % 1972-73 - 2.6 % 100.064 . 1964-65 - 4.75% 99,384.86 2.6548 % 1966 - 2 % 1967 - 2.25% 1968 ~ 1 -r. 2.4 % 1969 - 2.5 % 1970-71 - 2.6 % 1972-73 - 2.7 % e BIDDER BLYTH & CO.,INC. KALMAN & COMPANY EUGENE MAIN BRANCH OF O.S.NATIONAL BANK Of PORTLAND, ORE. I MR. CHATT MOVED SECONDED BY MR. CRAKES THAT THE BONDS BE SOLD TO BLYTH & CO., INC.; KALMAN & COMPANY; AND EUGENE MAIN BRANCH OF THE U. S. NATIONAL BANK Of PORTLAND, OREGON, ON THEIR BID PRICE OF $100.00 PER $100.00 PAR VALUE AT AN EFFECTIVE INTEREST RATE OF 2.577%. ROLLCALL VOTE. ALL COUNCILMEN PRESENT' VOTING AYE, MOTIO'l CARRIED. COMMITTEE REPORTS COMMITTEE MEETING HELD MAY 16, 1963: "PRESENT: MAYOR CONE; COUNCILMEN CHATT, CHRISTENSEN, DEVERELL, CRAKES, HAWK, AND PURDY; CITY MANAGER; CITY RECORDER; CITY ATTORNEY; ADMINISTRATIVE ASSISTANT COLLINS; DIRECTOR OF PUBLIC WORKS; AND OTHERS. 2 I. VARIANCE EXTENSION FRANKLIN BOULEVARD BETWEEN ALDER AND KINCAID, WOODRUFF - A LETTER FROM MR. SHERMAN WOODRUff ON BEHALF OF HULING BUICK RELATIVE TO PROPERTY BETWEEN ALDER AND KINCAID FRONTING ON FRANKLIN BOULEVARD CEAST BROADWAY) WAS READ REQUESTING PERMISSION TO USE AN ADDITIONAL PART OF THE PROPERTY FOR A USED CAR CENTER (VARIANCE GRANTED IN MARCH 1951). MR.WILSON PRESENTED SKETCHES SHOWING THEPROPOSED IMPROVEMENT OF THE AREA WHICH WOULD BE ADDED. COUNCILMAN DEVERELL SUGGESTED THAT THE PLANNING COMMISSION SHOULD HAVE THE OPPORTUNITY TO PASS ON THIS PROJECT. MR. DEVERELL MOVED SECONDED BY DR. PURDY TO REfER THIS, TOPIC TO THE JOINT MEETING OF THE PLANNING COMMISSION AND THE COUNCIL. MOTION CARRIED.. I MR. CHATT MOVED SECONDED BY MR. SWANSON TO APPROVE THE EXTENSION OF THE VARIANCE. MOTION CARRIED. 3 2. PLANNING COMMISSION REPORT - ~PRIL 22, 1963 A. ALLEY OfF AGATE STREET NORTH OF WASHBURNE PARK, WILKINSON - THE PLANNING COMMISSION RECOMMENDED THAT AN 18-FOOT STRIP Of CITY-OWNED PROPERTY LYING BETWEEN TWO PARCELS BELONGING TO MR. JACK WILKINSON AND LOCATED EA$T OFF OF AGATE STREET NORTH OF WASHBURNE PARK NOT BE RETAINED FOR USE AS AN ALLEY. THE CITY MANAGER SUGGESTED THAT SHOULD THE COUNCIL WISH TO DIS- POSE Of THE 18-FOOT STRIP, ONLY ABUTTING PROPERTY OWNERS BE ALLOWED TO BID fOR THE PROPERTY. MR. AND MRS. AXTELL, OWNERS OF PART OF THE ABUTTING PROPERTY, STATED THEY~WISHED TO BUY 9 FEET OF THE 18 FEET, BUT WOULD CON- SIDER THE WHOLE 18-FOOT STRIP. MR. CHRISTENSEN MOVED SECONDED BY MR.CHATT TO SELL THE 18-FOOT STRIP EITHER AS AN 18-FOOT PIECE OR AS TWO 9-FOOT STRIPS. MOTION CARRIED. e MR. CHATT MOVED SECONDED BY MR. SWANSON TO APPROVE ITEM 2A OF THE COMMITTEE REPORT. ROLLCALL VOTE. ALL COUNCILMEN PRESENT VOTING AYE, MOTION CARRIED. 4 B. REZONING TO C-3P PROPERTY AT 490 AND 468 WEST 8TH, VENN -(No. 63-032) - THE PLANNING COMMISSION RECOMMENDED DENIAL OF THIS REQUESTED REZONING. MR.CHRISTENSEN MOVED SECONDED BY MR. DEVERELL TO APPROVE THE PLANNING COMMISSION RECOMMENDATION. MOTION CARRIED. I MR. CHATT MOVED SECONDED BY MR. SWANSON THAT ITEM 2B OF THE COMMITTEE REPORT BE AP- PROVED. MOTION CARRIED. 5/27/63 - 3 e ~