HomeMy WebLinkAbout02/27/1962 Meeting
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2/27/62
COUNCIL CHAMBER
EUGENE, OREGON
FEBRUARY 27, 1962
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AN ADJOURNED MEETING OF THE COMMON COUNCIL OF THE CITY OF EUGENE, ADJOURNED fROM THE MEETING Of
FEBRUARY 26, 1962 AND CALLED TO ORDER BY COUNCILMAN JOHN CHATT IN THE ABSENCE OF MAYOR CONE AND COUNCIL
PREStD~NT2t'UR'S1 WAS HELD IN THE COUNCIL C~AMBER ON FEBRUARY 27, 1962 AT 4:00 PM WITH THE FOLLOWING
COUNCILMEN PRESENT: MESSRS. CHATT, MOYER, SWANSON, CHRISTENSEN AND DEVERELL. ALSO ABSENT WERE COUNCIL-
MEN MOLHOLM AND WILSON.
THE FOLLOWING TABULATION OF BIDS AS OPENED AT 11:00 AM ON FEBRUARY 27, 1962 WAS PRESENTED FOR $1,850,000
BONDS FOR EXPANSION OF EUGENE WATER & ELECTRIC BOARD WATER SYSTEM:
TOTAL EFFECTIVE e
, r:;t INTEREST INTEREST
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BIDDER I NTEREST RATE COST RATE
FOSTER & MARSHALL, INC., & Assoc. BONDS DUE 1965-73 - 2.75 % $
PRICE BID - $1,826,283.00 " 1974-81 - 3.0
" 1982-86 - 3.2 $ 870,-;79.50 3.12387%
FIRST NATL BANK OF OREGON & Assoc. " 1965-74 2.75 % 872,353.90 3. 1295 I
PRICE BID -$1,836,458.60 " 1975-79 - 3.0
" 1980-86 - 3.25
C. J. DE V I NE & CO., & Assoc. " 1965-76 - 3.0 %
PRICE BID - $1,842,4/3.15 " 1977-79 - 3. I
" 1980-86 - 3.2 878,036.85 3. 1499
FIRST NATL BANK OF CHICAGO & Assoc. " 1965-78 - 3.0 %
PRICE BID - $1,843,245.00 " 1979-82 - 3.2
" " 1983-86 - 3.25 880,305.00 3.158
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SCHWABACHER & Co., SAN .FRANC I SCO " 1965-73 - 2.75 %
PRICE BID - $1,835,160.00 " 1974-78 - 3.0
" 1979-86 - 3.25 880,902.50 3. I 60 1 8
CONTINENTAL ILL.NATL BANK & TRUST " 1965-78 - 3.0 %
CO. , CHICAGO, & Assoc. " 1979-82 - 3.2
PRICE BID - $1,839,597.45 " 1983-86 - 3.25 883,952.55 3.17113
COMMERCE TRUST CO. & Assoc., KANSAS CITY " 1965-72 3.25 %
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PRICE BID - $ I ,850,35 1 .50 " 1973-81 - 3. I
" 1982-86 3.25 885,336.00 3.17609
HALSEY, STUART & CO. , I NC., & Assoc. " 1965-71 - 2.7 % I
CHICAGO, ILL. " 1972-75 - 2.9
PRICE BID - $1~834,881.80 " 1976":'86 - 3.25 89 I ,983.20 3./996
EUGENE BRANiCH, U.S.NATL BANK OF PORTLAND (ORE) " 1965-78 - 3.0 %
& Assoc. " 1979-84 - 3.25
PRICE BID $1,840,028.50 " 1985-86 - 3.375 893,096.50 3.2039
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JOHN NUVEEN & CO. , & Assoc., CHICAGO " 1965-71 2.75 % e
PRICE BID - $1,827,977.60 " 1972-78 - 3.0
" 1979-86 - 3.25 893,334.90 3.2048
BANK OF CALIF. N.A. & Assoc., PORTLAND " 1965-72 - 3.25 %
PRICE BID - $,1,838~250.00 " 1973-77 - 3.0
" 1978-80 - 3. 125
" 198i-86 - 3.25 895,662.50 3.211
SOLOMON BROS. & HUTZLER & Assoc.,N.Y. " 1965-77 - 3.0 %
PRICE BID - $1,836,124.00 ' " 1978-82 - 3.2
" 1983-86 .- 3:3 895,126.00 3.2112
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F. S. SMITHERS & CO. , & Assoc., Y. 1965-69 - 3.0 % Ii
PRICE BID - $1,814,004.55 " 1970-74 - 2.75 ~ I
" ,1975-79 - 3.0 Ii
" 1980-86 - 3.25 897,495.45 3.2197 ,I I
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SEATTLE FIRST NATL BANK & ASSOC.,SEATTLE,WN. " 1965-77 - 3.0 % II
PRICE BID - $1,838,637.50 " 1978-83 - 3.25
" 1984-86 - 3.375 901,237.50 3.2331
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LEHMAN BROS. & Assoc., N. Y.
PRICE BID - $1,837,272.00
BONDS DUE 1965-74 - 3.0 %
II 1975-82 - 3.2
II 1983-86 - 3-;'3
$
$ 902,378.00
3.2372
ALSO PRESENTED WAS A RESOLUTION ADOPTED BY THE EUGENE WATER & ELECTRIC BOARD RECOMMENDING AWARD OF THE
BID TO FOSTER & MARSHALL & Assoi'ATES ON THEIR BID PRICE OF $1,826,283 WITH AN EFFECTIVE INTEREST RATE
Of 3 ~ 12387% .
IT WAS MOVED BY MR. MOYER SECONDED BY MR. DEVERELL TO AWARD THE BID AS RECOMMENDED BY THE EUGENE WATER
& ELECTRIC BOARD. ROLLCALL VOTE. ALL COUNCIU!lEN PRESENT VOTING AYE, MOTION CARRIED.
UPON MOTION DULY MADE, SECONDED AND CARRIED, THE'-,MEETING:WAS.ADJOURNED.
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RESPECTFULLY SUBMITT 0
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H~CKI~~EY .
CITY MANAGER
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