HomeMy WebLinkAbout08/14/1962 Meeting
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8/14/62
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I COUNCIL CHAMBER
. EUGENE, OREGON
AUGUST 14, 1962
THE MEETING or THE COMMON COUNCIL or THE CITY Of EUGENE, ADJOURNED fROM THE REGULAR MEETING Of
AUGUST 13, 1962, WAS CALLED TO ORDER AT 3:30 P.M. IN THE COUNCIL CHAMBER ON AUGUST 14, 1962 BY HIS
HONOR MAYOR EDWIN E. CONE WITH THE fOLLOWING COUNCILMEN PRESENT: MESSRS. MOLHOLM, CHATT, MOYER,
00 SWANSON AND DEVERELL. MRS. LAURIS AND MESSRS. WILSON AND CHRISTENSEN WERE ABSENT.
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~ I THIS BEING THE DATE SET rOR THE SALE Of GENERAL OBLIGATION BONDS IN THE AMOUNT Of $1,700,000 fOR
IT
~ SEWER SYSTEM, SERIES A, AND $1,400,000 fOR CITY HALL, THE fOLLOWING TABULATION Of BIDS WAS PRESENTED
.:.0
.::0 AS OPENED AUGUST 14, 1962 AT 10: 00 A. M . :
BIDDER PRICE EffECTIVE
PER $100 NET INTEREST INTEREST
PAR VALUE MATURITY YEARS & I NTEREST RATES COST TO CITY RATE
e C.J.DEVINE & CO.
AND ASSOCIATES $ 98.17 BONDS DUE 1963-1976 - 3 % $ 969,680.01 2.9790 %
1977-1981 - 3.2 %
1982 - . I %
FIRST NATIONAL BANK Of OREGON
AND ASSOCIATES 99.80 BONDS DUE 1963-.[973 - 2.75% 974,794.00 2.9947 %
I 1974-1979 - 3 %
1980-1982 - 3.2 %
HALSEY,STUART & CO., INC. 99.825 BONDS DUE 1963-1973 - 2.75% 979,290.00 3.00857%
AND Assoc I ATES 1974-1978 - 3 %
1979-1982 - 3.2 %
LEHMAN BROTHERS & ASSOCIATES 98.225 BONDS DUE 1963-1966 - 6 % 982,080.00 3~0171 %
1967-1980 - 3.1 %
1981-1982 - 1.0 %
FOSTER & MARSHALL, INC., 98.2671 BOND DUE 1963-1978 - 3 % 984,959.90 3.0259 %
AND ASSOCIATES 1979-1981 - 3.2 %
1982 - 1.0 %
U.S.NATIONAL BANKOf PORTLAND, 99.8485 BONDS DUE 1963-1972 - 2.75% 987,784.00 3.0346 %
OREGON, AND ASSOCIATES 1973-1977 - 3 %
1978-1982 - 3.2 %
CITIZENS BANK, EUGENE,OREGON 99.51 BONDS DUE 1963-1973 - 2.75% 989,055.00 3.0385 %
AND ASSOCIATES 1974-1978 - 3 %
1979-1982 - 3.2 %
SALOMON BROS. & HUTZLER 97.775 BONDS DUE 1963-1966 - 3.25% 992,899.00 3.0503 %
I AND ASSOCIATES 1967-1978 - 3.1 %
1979-1981 - 3.25%
1982 - . I %
SMITH BARNEY & CO. 98.462 BONDS DUE 1963-1968 - 6 % 993,023.00 3.0507 %
AND Assoc I ATES 1969-1980 - 3.2 %
1981-1982 - . I %
e FIRST NATIONAL BANK Of
CHICAGO & ASSOCIATES 99.771 BONDS DUE 1963-1972 - 2.75% 994,836.50 3.05633%
1973-1976 - 3 %
1977-1982 - 3.2 %
F. S. SMITHERS & COMPANY 99.7295 BONDS DUE 1963-1970 - 2.5 % 997,673.00 3.065 %
AND Assoc I ATES 1971-1976 - 3 %
1977-1982 - 3.25%
CHEMICAL BANK NEW YORK TRUST Co. I 00 . I 38 BONDS DUE 1963-1974 - 2.9 % 997,795.00 3.0654 %
1975-1978 - 3.1 %
1979-1:982 - 3.25%
JOHN NUVEEN & COMPANY 98.005 BONDS DUE 1963-1968 - 3.25% 999,052.50 3.0693 %
AND ASSOCIATES 1969-1977 - 3.1 %
I 1978-1981 - 3.25%
1982 - ..1 %
CONTINENTAL ILLINOIS NATIONAL 100.058 BONDS DUE 1963-1971 - 2.75% 1,000,044.50 3.07233%
BANK AND TRUST COMPANY Of 1972-1978 - 3.1 %
CHICAGO & ASSOCIATES 1979-1982 - 3.25%
SCHWABACHER & COMPANY 98.006 BONDS DUE 1963-1976 - 3 % 1,002,664.00 3.0803 %
COMMERCE TRUST COMPANY 1977-1981 - 3.2%
1982 - 1.0 %
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8/14/62
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IT WAS MOVED BY MR. MOLHOLM SECONDED BY MR. CHATT THAT THE LOW BID Of C. J. DEVINE & CO. AND ASSOCIATES I
BE ACC'EPTE'D ON THE BID PRICE Of $98.17 PER $100.00 PAR VALUE fOR AN EffECTIVE INTEREST RATE Of 2.979%.
ROLLCALL VOTE. MOTION CARRIED, ALL COUNCILMEN PRESENT VOTING AYE. I
I
, RES6(UTION #8~4 - AUTHoRltrNG,ACCEPTANCE Of BID Of'C..j, ~EVINE & CO. ANci ASSO~IATES'fOR GENERAL I
I
OBLIGATION BONDS;' $1;700~000 SEWER SYSTEM, SE'RIES A;AND.$1,400,000 Cny HALL WAS SUBMITTED AND READ I
IN fULL. ..
. . , .
IT WAS MOVED BY MR. MOLHOLM SECONDED BY MR. CHATT THAT THE RESOLUTION BE ADOPTED. MOTION CARRIED.
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UPON MOT ION DUL Y :MADE, SECONDED AND CARRIED, THE MEETING ~AS'ADJOURNEDTO MONDAY,
AUGUST 27, 1962.
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HUGH McKINLEY
CITY MANAGERrt
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