HomeMy WebLinkAbout01/15/1963 Meeting
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1/15/63
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COUNCIL CHAMBER
EUGENE, OREGON
JANUARY 15, 1963
I
A MEETING OF THE COMMON COUNCIL OF THE CITY OF EUGENE, OREGON, ADJOURNED. FROM THE REG~LAR MEETING
OF JANUARY 14, 1963, WAS CALLED TO ORDER BY COUNCIL PRESIDENT JOHN CHATT IN THE ABSENCE OF MAYOR CONE,
AT 3:30 P.M. ON JANUARY 15, 1963 IN THE COUNCI~ CHAMBER~OTHER COUNCJL MEMBERS PRESENT WERE MESSR~.
SWANSON, CHRISTENSEN, DEVERELL AND CRAKES. COUNCILMEN LAURIS, HAWK AND PURDY WERE ABSENT.
I. THIS BEING THE DATE SET FOR THE AWARD Of BIDS fOR THE PURCHASE Of $950,000 IN GENERAL OBLIGATION
BONDS fOR IMPROV'fMEN';-S AT MAHLON SWEET AIRPORT, THE fOLLOWING TABULATION Of BIDS AS OP.ENED AT 10.:00 "A.M.
ON'JANU~RY 15, 1963 WAS PRtSEN~ED:
BIDDER
SCHWABACHER AND COMPA'NY
& ASSOCI"ATES
, ::, PURCHA"SE
PR'I CE
, $947,465.00
HALSEY, STUART & CO.,
INC., & ASSOCIATES
945,479.00
THE BANK OF CALWORNIA
N.A. & ASSOCIATtS
943,200.00
THE 1ST NATIONAL BANK Of
OREGON, PORTLAND & ASSOCIATES
949,715.00
THE FIRST NATIONAL BANK Of
CHICAGO & ASSOCIATES
950,252.00
CONTINENTAL ILLINOIS
NATIONAL BANK & Assoc.
948,818.49
BLYTHE & COMPANY, INC.
& ASSOCIATES
948,071.50
SEATTLE-FIRST NATIONAL
BANK & ASSOCIATES
947,150.00
JOHN NUVEEN & COMPANY
& ASSOCIATES
,
950,145.00
COMMERCE TRUST COMPANY
KANSAS CITY, & Assoc.
950,180.00
BANKERS TRUST COMPANY
947,747.55
MATURrTY. YEARS &
I NTEREST RATES
BONDS DUE, ,1964.-,69 -,2-3/4%
11 : :'970-76, - 2..., 1/2%
.11,977:...80 - 2-3/4%
11 .. 1981'-83 -' 2.9 %
BONDS DUE 1964-75 - 2-1/2%
11 1976-80 2-3/4%
-
11 1981'-83. - 2.9. %
BONDS DUE 1964-75 - 2-1/2%
II 19i76-80 2-3/4%
, .,
II 1981-83 - .2 ..9 %
BONDS DUE 1953-74 - 2-1/2%
" 1975-78 - 2/3/4%
11 1979-83 3 %
BONDS DUE 1964-73 - 2-1/3%
11 1974-78 - 2 - 3/4%
11 1979-83 - 3 %
BONDS DUE 1964-73 - 2-1/2%
II 1974-78 2-3/4%
-
II 1979-83 - 3 %
BONDS DUE 1964-73 - 2-1/2%
II 1974-77 - 2.7 %
II 1978-83 - 3 %
BONDS DUE 1964-73 - 2-1/2%
" 1974-78 - 2-3/4%
II 1979-83 - 3 %
BONDS DUE 1964-68 - 3 %
II 1969-73 - 2-1/2%
II 1974-79 - 2.8 %
II 1980-83 - 3 %
BONDS DUE 1964-66 - 2.9 %
II 1967-73 2.5 %
II 1974-80 - 2.9 %
II 1981-83 - 3 %
BONDS DUE 1964-72 - 2-1/2%
" 1973-77- 2 - 3/4%
II 1978-83 - 3 %
NET. INTEREST
COST TO CITY
'$ 265,,520.00,
EffE',Cl I VE
INTe; REST
RATE'
,2.73028: %
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266.,343.50
2.738,75, %
268,622.50
2.762 %
I
269,735.00
2.7736 %
270,435.50, 2.780827%
271,869.02 2.79556 %
273,178.50
2.8090 %
273,537.50
2.8127 %
274,315.00
2.8207 %
I
274,610.00
2.82375 %
275,877.45
2.836786%
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MR. SWANSON MOVED SECONDED BY MR. DEVERELL 'THE BONDS BE SOLD TO SCHWABACHER AND COMPANY AND ASSOCIATES
ON THEIR BID PRICE OF $99.73315 PER $100 PAR VALUE AT AN EFFECTIVE INTEREST RATE OF 2.7302~. ROLLCALL
VOTE. ALL COUNCILMEN PRESENT VOTING AYE, MOTI~ CARRIED.
RESOLUTIONS
2 RESOLUTION #928 - ACCEPTING BID OF SCHWABACHER AND COMPANY AND ASSOCIATES FOR THE PURCHASE OF
$950,000 GENERAL OBLIGATION BONDS FOR AIRPORT IMPROVEMENTS WAS SUBMITTED AND READ IN FULL.
MR. SWANSON MOVED SECONDED BY MR. DEVERELL THAT THE RESOLUTION BE ADOPTED. ROLLCALL VOTE. ALL
COUNCILMEN PRESENT VOTING AYE, MOTION CARRIED.
MR. SWANSON MOVED SECONDED BY MR. DEVERELL THAT THE MEETING BE ADJOURNED TO MONDAY,
JANUARY 28, 1963. MOTION CARRIED.
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HUGH McKINLEY
CITY MANAGER
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