HomeMy WebLinkAbout08/14/1952 Meeting
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I COUNCIL CHAMBERS,
EUGENE, OREGON.
I AUGUST 14, 1952.
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(t'-Q II THE ADJOURNED MEETING OF THE COMMON COUNCIL OF THE CITY OF EUGENE WAS CALLED TO ORDER
1.1",) Ii BY HIS HONOR MAYOR V. E. JOHNSON IN THE CITY HALL AT 4:00 P.M. ON AUGUST 14, 1952 WITH THE
CO II FOLLOWING COUNCILMEN PRESENT: CRUMBAKER, BOOTH, GODLOVE, SIEGENTHALER AND KOPPE. COUNCIL-
<f: 11 MEN ALLEN, SMITH AND WATSON WERE ABSENT.
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~ I I THIS BEING THE DATE SET fOR THE OPENING AND CONSIDERATION OF BIDS ON THE SALE OF
$650,000.00 GENERAL OBLIGATION AND REVENUE BONDS, THE CITY RECORDER REPORTED THE RECEIPT Of
THREE BIDS, PUBLICLY OPENED AT 10:00 A.M. DAYLIGHT SAVING TIME ON AUGUST 14, 1952. THE
BIDS WERE TABULATED AS fOLLOWS:
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I PURCHASE PRICE NET INTEREST EFFECTIVE
e I BIDDER PER $100 PAR I NTEREST RATE COST TO CITY INTEREST RATE
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FIRST NATIONAL BANK
I Of EUGENE AND
Assoc I A TES $ 98.9089 1954-58 1.50% $ 85,992.15 1.9109%
It 1959-62 1.75%
Ii 1963-64 2.00%
I II FOSTER , MARSHALL
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I, AND ASSOCI ATES 99. 10761 1954-60 1.75% 90,550.60 2.0122%
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I 1961-64 2.00%
I UNI TED STATES
I
i NATIONAL BANK Of
I' PORTLAND, EUGENE
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Ii BRANCH' ASSOCIATES 98.85 1954-60 1.75% 92,225.00 2.0494%
II . 1961-64 2.00%
EFfECTIVE INTEREST RATE OF PREVIOUS ISSUES: $450,000.00 STREET' HIGHWAY BOND, DATED
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II FEBRUARY I , 1951 - I .6349%
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. \1 $270,172.60 BANCROfT IMPROVEMENT BOND, DATED
I, JUNE 2, 1952 - 1.737%
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I: FOLLOWI NG AN EXAMINATION OF THE BIDS, IT WAS MOVED BY CRUMBAKER, SECONDED BY BOOTH THAT
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Ii THE BONDS BE AWARDED TO FIRST NATIONAL BANK OF EUGENE' ASSOCIATES ON THE BID Of $98.9089 AND
AT THE INTEREST RATE Of 1;.9109% ON ALL BONDS AND THAT THE CERTIFIED CHECKS SUBMITTED WITH THE
I OTHER BIDS BE RETURNED. ROLLCALL VOTE. MOTl ON CARR I ED.
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2 i A BILL TO THE BYRON JACKSON COMPANY I N THE AMOUNT Of $17,694.00 TO BE PAID OUT OF THE
I SEWAGE DISPOSAL FUND WAS SUBMITTED FOR TWO 30" H.S. PUMPS, COMPb..ETE AT THE POLK STREET
I PUMPING STATION.
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! IT WAS MOVED BY CRUMBAKER, SECONDED BY BOOTH THAT THE BILL AS SUBMITTED, BE APPROVED.
ROLLCALL VOTE. MOTION CARRIED.
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'I UPON MOTION DULY MADE, SECONDED AND CARRIED, THE MEETING WAS ADJOURNED TO AUGUST 25,
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I 1952.
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L. KING,
I, MANAGER.
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