HomeMy WebLinkAbout03/01/1949 Meeting
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COUNCIL CHAMBERS
EUGENE, OREGON
MARCH I, 1949
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A SPECIAL MEETING OF THE COMMON COUNCIL OF THE CITY
ON THE CALL OF MAYOR JOHNSON. COUNCILMEN PRESENT WERE:
COUNCILMEN DAVIS, ALLEN AND BOOTH WERE ABSENT.
OF EUGENE WAS HELD MARC~ 1ST AT 5:00 P.M.
HAWN, CRU~BAKER, WELLS, GODLOVE AND SMITH.
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IT WAS MOVED BY SMITH, SECONDED BY CRUMBAKER THAT THE AWARD OF THE ISSUE OF $40,000.00 SEWAGE
AND DRAINAGE BONDS MADE AT THE REGULAR MEETING FEBRUARY 28, 1949 BE RECONSiDERED. MOTION CARRIED.
IT WAS EXPLAINED BY MR. HAWN THAT THE ORIGINAL COMPUTATION MADE AT THE REGULAR MEETING ON
MONDAY, FEBRUARY 28, 1949 WAS IN FACT CORRECT AND THAT THE CHARLES N. TRIPP COMPANY WAS ACTUALLY
THE LOW BIDDER.
'IT WAS MOVED BY SMITH, SECONDED BY CRUMBAKER THAT THE BID OF CHARLES N. TRIPP COMPANY BE
ACCEPTED AND THAT THE PROPER CITY OFFICERS BE AUTHORIZED TO HAVE THE BONDS PREPARED AND DELIVERED
TO THE CHARLES N. TRIPP COMPANY IN CONFORMITY WITH THE BID. ROLLCALL VOTE. ALL COUNCILMEN PRESENT
VOTING AYE. DAVIS, ALLEN AND BOOTH ABSENT. MOTION" CARRIED.
THE CORRECT CONTENT OF THE BIDS AND CORRECTLY COMPUTED INTEREST IS AS FOLLOWS:
BIDDER
BOND PRICE PER
$100.00 OF FACE VALUE
INTEREST
RATE
TOTAL INTEREST
COST OF ISSUE
COST OF LEGAL
OPINION TO BE
BORNE BY
CHARLES N. TRIPP CO.
$100.67
2-1/2%
$ 8, 5 57 . 0 0
BIDDER
UNITED STATES NATIONAL
BANK OF PORTL AND, 0 RE. 100.00
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FIRST NATIONAL BANK OF
EUGENE, 0 REGON
100.199
BONDS DUE 1951-1955 @ 2*% 8,685.00
" " 1956-1964 @ 2-k%
BONDS DUE 1951-1953 @ 5% 8,575.00
" n 1954-1964 @ 2*%
2-1/2% 8,745.40
BIDDER
B L Y T HE do CO., IN C. PAC I F I C
BLDG., PORTLAND, aRE. 100.00
BIDDER
BIDDER
UPON MOTION DULY MADE, SECONDED AND CARRIED, THE MEETING WAS ADJOURNED.
RESPECTFULLY SUBMITTED,
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