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<br />~ <br />31 <br /> <br />e <br /> <br />5/25/64 <br /> <br />I <br /> <br />1 <br /> <br />Progress payments were presented and read as follows: <br /> <br />Vik Construction Company <br />9th - Terminal Building, Mahlon Sweet Field <br /> <br />$ 52,543.05 <br /> <br />J. K. Gill Co. <br />2nd - City Hall Furnishings <br /> <br />2,305.65 <br /> <br />Valley Stationery Co. <br />1st - City Hall Furnishings - Final <br /> <br />240.99 <br /> <br />e <br /> <br />Willamette Stationers Co. <br />1st - City Hall Furnishings <br /> <br />6,457.50 <br /> <br />Boehnke Printing Company <br />and Timmerman Equipment, Inc. <br />1st - City Hall Furnishings <br /> <br />7,464.83 <br /> <br />I <br /> <br />Mrs. Lauris moved seconded by Mr. Chatt that the progress payments as presented and <br />read be allowed and proper City officials authorized to draw the necessary warrants. <br />Rollcall vote. All councilmen present voting aye, motion carried. <br /> <br />2 <br /> <br />This being the date set for the award of sale of Gener~ Obligation Bancroft <br />Bonds, Series "T", in the sum of $292,874.99, the following tabulation was presented <br />of bids opened at 10:00 a.m. PDT on May 25, 1964: <br /> <br />Bidder <br />Douglas Securities,Inc. <br />Chicago, Illinois <br /> <br />Purchase Price <br />per $100 <br />Par Value Interest Rate <br /> <br />Net' Interest <br />Cost to City <br /> <br />Effective <br />Interest <br />Rate <br /> <br />Blyth & Company, Inc. <br />Kalman & Company <br />U. S. National Bank of Oregon <br />Eugene Main Branch <br /> <br />$ 100.017 1965-74 - 3% $ 47,916.25 <br /> 100.00 1965-66 -6% 48,894.50 <br /> 1967 - 3-1/4% <br /> 1968 ' - 2.65% <br /> 1969 - 2-3/4% <br /> 1970-71 2.80% <br /> 1972-73 - 2.90% <br /> 1974 -' 3.00% <br /> <br />2.996877% <br /> <br />3.0581 % <br /> <br />First National Bank of Oregon <br />Eugene Main Branch <br /> <br />100.032 <br /> <br />1965-66 - 5-3/4% 49,284.09 <br />1967 2-1/2% <br />1968-69 - 2-3/4% <br />1970-74 - 3 % <br /> <br />3.0824 % <br /> <br />I <br /> <br />Mrs. Lauris moved seconded by Mr. Chatt that the bonds be sold to Douglas Securities, <br />Inc., Chicago, Illinois, on their bid price of $100.017 per $100 par value at an ef- <br />fective interest rate of 2.996877%. Rollcall vote. All councilmen present voting <br />aye, motion carried. <br /> <br />3 <br /> <br />An application for Class A Restaurant liquor license' was submitted by William <br />W.Y. and Ada O.L. Lee dba England Grill, 797 Willamette Street, as approved by the <br />Police Department. <br /> <br />e <br /> <br />Mrs. Lauris moved seconded by Mr. Chatt that the application be approved. Motion <br />carried. <br /> <br />COMMITTEE REPORTS <br /> <br />Committee meeting held May 14, 1964: <br /> <br />"Present: Mayor Cone; Councilmen Lauris, Chatt, Swanson, Christensen, Deverell, <br />Crakes, Hawk, and Purdy; City Manager; City Attorney; Assistant City <br />Recorder; Director of Publ ic Works; Traffic Engin'eer; Superintendent <br />of Building Inspection ; Fire Marshal; and others. <br /> <br />I <br /> <br />4 <br /> <br />1. Variance in Fire Code Requirements, Youth Study Board Building on Garden <br />Avenue, Furtick-Weaver - James H. Weaver and Donald R. Furtick requested <br />a variance in the Fire Code requirements of the Building Code concerning <br />the use of wire glass windows as opposed to colored glass windows and the <br />length of corridors in the Lane County Youth Study Board building under <br /> <br />5/25/64 - 2 <br /> <br />e <br /> <br />Ii <br /> <br />II <br /> <br />t~ <br />