1952/07/02 Council Minutes - Laserfiche WebLink

Duly 2,1952 c,timed 15561592street apt 4953.45 4054-4075 bibrmy 2036.65 3059-3161 Water Dept. 12309.24 2341-2366 Park Dept. 2;32.00 Calf Course 593.00 2725.09 $ 50,406.33 laved Cl Arewls,a conned by Johnson to adjourn until 2:00 P.i.''� Ike Regular Aem2nletrative Session of the City Council reconvened at 2 P.M.1 Mayor Oman elm ,presiding Commealoners Arenas and Tobmen Iresant et roll call. BIBS OP . Bids on$1,250,000 Nater Revenue Banda 110.7 were reaelved as 021000x: BOND IS. Bidder Net Prlpe • Union 010111es Corp.&Associates 98.5 2.3188 $ i 8,4041ook&Co.and 100.06 2.33185 % Blyth& Associates 99.01 2.34214 % 4, whet Wesbfngim Corp.&Aseca a ea 100.0621 2.3692718% BID ACCEPTED Moved by Areeda,seconded by Bnrelmen that the fallowing bid of 00100 eeeur1 ties Corp.et al fax deter Revenue Bonds Na.7 be accepted: l. segeoL to the provisions of the official notice of sale whichice of a== ie hereby made apart of this proposal,we offer to Nn01e 31 25 000 City gtm and 0*4 Dilly bonds,more lly deeoribed d maturing as set forth is said notice of eels and bearing interest m follow: Maturity tlatmity t E Coupon Juin 1IIT Tnly 1 MTulylly _ 1954 6 5 1961 2 3 1967 1/4% 1955 6 1962 1968 1/4 1956 6 1963 2 1969 1/4 1957 1/4 964 1970 1/4 1958 1 3/4 1965 2 1971 1/4 • 1959 13/4 1966 21/4 1972 1/4 1960 1 3/4 For all of the bond:a:described above we offer to pay$1,231,250.00 and accrued interest to the:date of delivery. - Thie bid is made subject to an unqualified approving opinion of Masers. Preston,Thorgrimeon&Ncrnulte,and oleo a certificate certifying that at P payment of the bond:there is no litigation outstanding,and less such papers can be furnished,this bid is to be considered null and val.. We enclose herewith certified check in the amount of 563,000.00 which is in of 53 of bidding,payable to the City,which check ke ( is to be appliedby you uvpp 2 ta proposal le not he eCBurchaselprice of the bonne n the event that we 2ar 011 turned y P and pay forathe bonds seiaccordancea with the is mdof cur oval made P herein,oto to be rt2imd Sq you a ma or fully 119uidated damages.