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HomeMy WebLinkAbout06/11/1963 Meeting e 32e-~ 6/11/63 I ':;t) ......., ..,.. COUNCIL CHAMBER EUGENE, OREGON JUNE II,. 1963 A MEETING OF THE COMMON COUNCIL OF THE CITY OF EUGENE, OREGON, ADJOURNED FROM THE REGULAR MEETING OF JUNE 10, 1963, WAS CALLED TO ORDER BY ACTING COUNCIL PRESIDENT CATHERINE LAURIS IN THE ABSENCE OF HIS HONOR MAYOR EDWIN E. CONE AND COUNCIL PRESIDENT JOHN CHATT AT 4:00 P.M. PDt' ON JUNE II, 1963 IN THE COUNCIL CHAMBER WITH THE FOLLOWING COUNC I LMEN PRE.SENT: 'MESSRS. SWANSON, CHR I STENS'EN" DEVERELL,. CRAKES, AND HAWK.. ABSENT WERE MAYOR CONE, COUNCILMEN CHATT AND PURDY. Uu04 ~'" - ~"'"' -- e THIS BEING THE DATE SET FOR THE SALE OF $1,700,000 SEWER IMPROVEMENT BONDS, SERIES "B", THE FOLLOWING TABULATION OF BIDS OPENED AT 10:00 A.M. PDT ON JUNE II, 1963 WAS PRE- SENTED: BIDDER F.S.SMITHERS & CO. AND ASSOCIATES,NEW YORK PREM I UM OR ( DISCO UNT ) (23,613.00) BONDS DUE 1964-72 - 2.5: % " '973-77 - 2.75 % " 1978-83 - 3 % I CHEMICAL BANK, NEW YORK (I I , 0 65 . 50 ) BONDS DUE 1964-69 - 2.5 % TRUST COMPANY &- Assoc. " 1970-74 - 2 .75 % II 1975-83 - 3 % HALSEy,STUART & COMPANY ( 1,283.50 ) BONDS DUE 1964-74 - 2.75 % CHICAGO & ASSOCIATES " 1975-80 3 % II 1981-83 - 3.125% FIRST NATIONAL BANK OF ( 5,905.00) BONDS DUE 1964-68 - 2.25 % CHICAGO & ASSOCIATES " 1969-75 - 2.75 % " 1976-83 - 3. I % SMITH BARNEY & CO. ( 6,324.00) BONDS DUE 1964-75 - 2.75 % AND ASSOCIATES NEW YORK " 1976- 80 - 3 % II 1981-83 - 3. I % U.S.NATI ONAL BANK OF ( 1,683.00) BONDS DUE 1964-75 - 2.75 % PORTLAND ORE. & Assoc. " 1976- 80 - 3 % " 198:(-83 - 3.2 % FIRST NATIONAL BANK ( 1,700.00 ) BONDS DUE 1964-70 - 2.5 % OF OREGON " 197:(-79 - 3 % I " 1980-83 - 3. I % CONTINENTAL ILLINOIS ;'..,T( 1,581.00) BONDS DUE 1964-74 - 2.8 % NATIONAL BANK & TRUST " 1975-79 - 3 % CO. & ASSOCIATES II 1980-83 - 3. I % . NET INTEREST COST TO CITY $527,238.00 EFFECTIVE INTEREST RATE 2.9537 % 528,078.00 2.9584 % 528,814.75 I ' 2.9625 % 529,675.00 2.9674 % 530,094.00 2 .9697 % 530,298.00 2.9708 % 531,590.00 2.9781 % 532, 15 I .00 2.98123% COMMERCE TRUST CO~, 1,062.50) BONDS DUE 1964-75 - 2.8 % 534,097.50 2.9921 % & ASSOCIATES, KANSAS " 1976-83 - 3. I % e CITY, Mo., " 1983 - 3.2 % SALOMON BROTHERS & HUTZLER BONDS DUE 1964-75 - 2.8 % 535,585.00 3.0004 % NEW YORK & ASSOCIATES ( 7,055.00) II 1976-79 - 3 % " 1980-83 - 3. I % JOHN NUVEEN & COMPANY ( 2,405.50) BONDS DUE 1964-74 - 2.75 % 536,460.50 3.0054 % SEATTLE-FIRST NATIONAL " 1975-79 - 3 % BANK AND ASSOCIATES " 1980-83 - 3.2 % FOSTER & MARSHALL, INC. ( 9,310.90) BONDS DUE 1964-74 - 2.75 % 537,075.90 3.0088 % AND ASSOCIATES " 1975-79 - 3 % II 1980-83 - 3. I % THE BANK OF CALIFORNIA n BONDS DUE 1964-73 - 2.75 % 541,027.50 3.031 % AND Assoc 1 ATES 7,525.00) " 1974-80 - 3 % I " 1981 - 83 - 3.2 % LEHMAN BROTHERS, NEW ( 10,200.00) BONDS DUE 1964-75 - 2.75 % 543,660.00 3.0457 % YORK AND ASSOCIATES " 1976-81 - 3. I % " 1982-83 - 3.2 % 6/11/63- I e f ~ r324, 6/11/63,,' -- _____.__._..c. .--=-.......__ __.. .,....,..__...-....,_............_ ,....~..-- .. -,- -,......,..-.".._._. '. - ~_---...,_....,...o__- _ __ ..~ .'~ _ .'_._ ___ ".. _._......____ _______.. __ _ _ _._..____4_~___ -",'" ....,---..._-~,...., .._-.-~" - ,...-" '-_.'~'''-- .....- - - - -- .. -.-~ ':""~""'-~."'~::""':-::.":~';""~;~,:__~~~...;~-;:,_=-.-~,~,,~;---~ ~~_~~~~~:;;.;, .....~_-:.;-_':"-?o:..- _ ...-~-~---.... ...~. -. ..... -~. .' - - -- ...--,.--".,- --..._~.-.. -..- ,'--"C=.-"- - e ..y._-_........~_. _ .- .'.' . -'.c:r '--.o=~ -- - -- . -~-- -.-- .. ~ __ .__ . '. .. C )f ;: I, II :' II I, " I ': il :: " ': Ii " Ii II F I, " I, " !: l' I I' I: ,; " I' " " tl j' ,I Ii 'I '1 I, I II I' II I. I' I' ,I II 'I " Ii I' '. I' 'I 11 II h I' " " il I: ij " I I, I' " \1 i ~ " It I, i " " 1: I' " " j! 'I ~., i " ... - -- # --- ----- -- -.- --..--.------.-. ---'- _.~-_. --- . . _ -."_ __.., ." ..~..'-..._ __ ._....-.._~,.___ _~_." -" '. ......_....... '-'-" .' .a.._"........_-. _ i :::, MR. SWA~SON MOVED SECONDED BY MR. CRAKES THAT THE BONDS BE SOLD ToF. S. SMITHERS &. CO. AND ASSOCIATES AT THEIR BID PRICE Of $1,676,387.00 WITH AN EffECTIVE INTEREST RATE Of 2.9537%. ROLLCALL VOTE. ALL COUNCILMEN PRESENT VOTING AYE, MOTION CARRIED. ." ..... ...,1 . ." ~~ v "..- , . , RESQLUT IONS ';. :- t '; .. I '::: 1 i ~ ~_.. y . 2 t . '- '" __ ~ -~ f . . ' -,,; RE,S,OL'UTJ ON #993-: AUT.H~ORJ ~:ING :SA_LE': O.f; $,1, 790 ~P90:,SJ:~E,Rc I~PROy'E~ENT ~ON?~~... ?~~iES' "B~\:,;TO . F.. S.'. SM IT-HERS &:.,CO.~ AND" A.S,SOC~I,AT:ES:, 'W~~, ~UBt1,ITTEp,: ~NP.:R~~:D I N; -rU_L~:..., ~ .... ...~ .... " 'RO'LLCALi. ~.._' MR. SWANSON MOVED SECONDED BY MR. CRAKES THAT THE RESOLUTION BE ADOPTED. VOTE. ALL COUNCILMEN 'PRESENT VOTING AYE, MOT ION CARRIED. I.' _.::.. __,:. t.., ,",. . __"..-... . t -:) l' t....... . :- . t .:.. ...... J ". . f'-; _'.. I : :-;".: =~ ;~: UPON MOTION DULY MADE, SECONDED AND CARRIED, 'THE MEETING WAS ADJbURNED .: ,;:.. ',T.O: MONDAY,: -JUNE-j' :24, 1963. '1-- ..... -. ---' i I .. 1-':' _ -l' . . _ ~'; ~ . - - .... - - -, \- ..! :- ., " \.. - \---; _:-- ,- e.~~,~::~~ C. LL,OYD CASTNE,R "ADM ION I'STRAT-I:VE~ -Ass\ si-~Ni.'~ " . .... '- -.J...... . ...... .. _ ... :- - Y' . , '\'.' \,-, \ . _:- '\,: --'\. " I :: t" ,. ': .\- - '. ::: ~ --:. '/ :::. ~ - !'. , . ~ ~ -1- :~ 1 : . - , '-- "...... ~. '- - i -- ~ . . , " ,- --. _'\."'--. i'\ ~~ .-\. . '\'- -' , ; ~ =- 'l-'.. I :: . 22. I " .:: " ,\. ~ y ~ ,.:~ '\ , - 2:. -1-:' i: 22 'X. 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