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09/15/1959
" ')j.~:r~~'~~i~~fM'~'~<~~1.'i"";;)ft1!,~~,~I"~'1~1'\:"';t,,!;~%if~1~;4rm;~;:::t"fi'~~'~'.i;.'i.:~~p'\r#1t"ti~lJf:,;!'>\~~~~~~_~i~'t~~/~~~;;~~1';!f,~:i:"""'";'~~'::/?~~~1'fM'~:~~~~f'~~', ' '.',' ~'~':';~:::~r.:\':. ". .'~p~:,;-,:'" , ....~~ ,.. .': "'?~~t1" .';~::'< ~~~;vf;;.~~~~:-.;.;;}."'r ":~;'.' .~):!::;- ';>~~~~~~ :::~:." '." .;l':~,..<'-:~" :~';.;:;'"'.:"0~'S'~: :fo' ::. '~'~'. "'1~ ~:: :'~:". '. ..~>;'~~.~~.:.: :. '~~~~:\.~.~~r~~\:~i!.t:.: ,. .,.~~-:.,~ ,..:..~ , . CITY CO~~1ISSION MEEfING September 15, 1959 , ". '... The City Commission o~ the City of Glenrwater met in special session at the Cit.y Hall, 'l'uesday, Septeluber 15, 1959, at 11:00 A.I.I. with the following members present: Alex D. Finch Cleveland Insco, Jr. James H. \~atkins Arno s G. Slni th Mayor-Commissioner Comllliss ioner Commissioner Commissioner Absent: Herbert R. Fields Commissioner Also prusent were: James R. Stewart H. H. Baskin, Jr. \'I. Booth Ci t.y ~lana;:;er City Att.orney Police Chief 'l'he I-layor called the /Cleeting to order. CommisfJioner Smith moved that Commissioner Fields be excused from this meeting for reM30r:.s beyond his control. IJlotion was seconded by Commissioner Insco and carried unanimously. 'l'he Hanager read the bids received for the ;a.J, 260,000.00 Utility Tax Improvement Certificate Issue as f'o11ov~s: Shields & CO~~Dar~_ $3,177,098.20 1962 3.25% 1963 3.hO% 1964 3.50% 1965 3.60% 1966 3.70% 1967-1968 3 . 80~~ 1969-1970 4.00% 1971-1972 4.10% 1973 4.20% 1974-1975 4.25% 1976-1981 4. 3 O~ 1982-1989 4. J+O% 1962-1971 4.00% 1972-1977 4.20% 1978-1982 4. 2 57~ 1983-1985 4.30% 1986-19$9 4.40% 1962-1965 3.5% 1966-1973 3 . 7 5~~ 1974-1979 4.25% 1980-1989 4.401v 1962-1970 3.75% 1971-1972 4.25% 1974-1989 4.40% 1962-1964 6.00% 1965-1971 5.00% 1972-1975 4.25% 1976-1986 4.40% 1987-1989 3.50% 1962-1972 4.00% 1973-1974 4 . 2 07~ 1975-1989 4.25% 1962-1973 4.00{0 1974-1980 4.25% 1981-1989 4.30% 1962-1967 3.75% 1968-1971 4.00~ 1972-1975 4.20% 1976-1979 4 . 3 O~~ 1980-1983 L...40% 1984-1989 4.50% ',"c,-',,'. , :'~'':'(;lt~i'~';'\~!~1~jW'''!,\:,:\~~'",:, ;:;~:~:. " ~i~;~t'::~~i:;::::'~;'::',;:L":',"d,.;1L,,,"iL:~~~L:.d.i2wi?1;()J,~~~dlil&iti~~ " . '.'. -2- OI'l'! CO!~J~ISSION ;,IEG'l'IIW (~eptember 15, 1959 ( continued) The following bids were read on the ~630,000.OO Utility Revenue Certificate Issue: Goldman. ~achs &~ ;611,112.60 1961-196$ 1969-1982 1983-1985 1986-1989 Effective into rate Blythe & Com~any ~611,100.00 1961-1970 1971-1973 1974-1989 Effective into rate John Nuveen & Assoc. $611,541.00 1961-1973 1974-1980 1981-1986 1987-1989 Effective into rate Kidder. Peabody & Co. $611,101.00 Effective into rate 1961-1976 197':-1989 4.00% 4. 2 5~~ 4.30%. 4.40% 4.4857% 5.50% 4.25% 4.40% 4.5243% 4. 00% J~. 25% 4.40% 4 . 3 O~& 4.J+3172% 4 25c.; . - I 4, . 30% 4.4187% The following bid was the only one recei ved on t.he ~~575, 000. 00 Parking Revenue Certificate Issue: John Nuveen & Co. ~558,095.00 1962-1965 1966-1970 1971-1974 1975-1978 1979-1989 Effective into rate 4.30% 4.50% 4.75% 4.80% 4.90% 4.9923% By consent, City 'l'reasurer F. Abernathy and I:lr. Loomis Leedy, Jr., Fiscal Agent, were requested to tabulate the bids and report. back later with recommendations. Resolution 59-84 was re ad authorizing the l4ayor t,o sign an application to be filed vJith the Department of health, Education and \'relfare (U. S. Public Health Service) asking for a federal grant for funds in connection with proposed sewage treatment works (East Clearwater area). Commissioner Insco moved to pass and adopt Resolution 59-84 and that the propGr officials be authorized to execute it. Motion was seconded by COlmllissioner Smi t,h and carried unanimously. Commissioner Insco moved to recess the l!leetin~ to 1:00 P.l-!. l;Iotion was seconded by COITl1l1issioner Watkins and carried unanimously. The Mayor re-convened the meeting at 1:00 P.M. with Commissioners Insco, Watkins and Slllith present. After tabulation of the b ids for the ;".J, 260, 000. 00 Utilities Tax Impnovement Certificates issue, the City Treasurer and the Fiscal Agent recommended acceptine; t.he bid of Kidde~, Peabody & Company, for ~3,162,853.00 at an effective interest rate of' 4.39692670, this being t.he highest and lJest bid. The At~orney read Resolution 59-85 authorizing the sale of' the above certificates to that firm. Commissioner Insco moved to pass and adopt Itesolution 59-85 and that the proper officials be authorized to execute it. i.10tion WCi s sec onded by Commissioner Slllith and carried unanimously. rill'. Lewis Horner, a former ~':ayor, co:nmented he thought the number of bids received and the alllount of: the bids were a fine 'Lribute to the City of Clearwater, its administra- t.ion and financial condition, and also tha.t the work encompassed in this impDovement program would be of tremendous value to t,he growth of the conmunity. Resolution 59-86 was read authorizing the sAle of the ~630,000.00 Utility Revenue Certificate Issue to Kidder, Peabody & Company, this being the highest and best bid. 'J.'he City 'l'reasurel.? and the Fiscal Agent recomii.ended the acceptance of this bid. Commissioner Insco moved to pass and adopT. Resolution 59-$6 and that the proper offi- cials be authorized to execute it. Hotion was seconded by Commissioner Smith and carried unanimo us1y. Resolution 59-87 was read authorizing the sale of the $575,000.00 Municipal Parking Revenue Bonds to John Nuveen & Company, Inc., this being the only bid received. The City Treasurer and t.he Fiscal Agen t recommended the acceptance of thi s bid. Commissioner Insco moved Resolution 59-87 be passed and adopted and the proper officials be authorized to execute it. i,iotion was seconded by Commissioner \'/atkins and carried unaniwous1y. '.L'here being no furt:.her business, the meeting was adjourned at 2:05 P.M. ~ner Attest: ""~ ::-,~ ..... , .~ C~i.l~l'k-n" "" ," . , ~~~'" 't"' " ' ~ . , . , , " . -' : ~ . -.... ~.... ~,. .... "'" :.".;.... "-. '.'~ ", '. I,,': '< ' .' . . _' ~~lf[~~~~),~j,;;~~t;\;;:"E~:y~:fi~;1{~;::f;_,;/;ik':-': ;-:~:;; " " ..... ", <",""".-I"'i ':.' 'r:,,'~ 'f,i,',"",,, .'.",'t "" ...' .,........,. '\'.'t;',':~s'::;(2\,:~:\. , r),.;--' :;3:':~'! ;~;iY{,f . ,,:ti~!~, .A,;!,; ":~~(~l:~:,:,r(;~, :~, ~;Sy ;;'//:}{j>". \;,'" .. b ITY C OMMI SS ION 1118 ETING ?):!il~~~{~~\~~J;}~~,:t?~r::f'~';',<;s;":-}:_/ . .' ~eptember 15, 1959 ':' . . "\r,~ ,,:',.:,., Honorable Mayor 'and Members of City Commission ',,' ',~,':' <;:;, . City of Clearwater .:'. Clearwater, Florida ,:,;';:. ' " , .." .,' " ,:~:,' James R. Ste-wart " . , ' ,', ", ',' ;, .. ,:';::.: ,Ci ty MEJ.nager ...", ':' " ::; ,'..:.', ':";' '>: " , ,,' ': ,', ,<; " ' , .'21. 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""'; ;7' :'\}'. ;';;::' ."{;"i'~~'~:~'::~.~:t~~~:81Jt~F;,::'ft~~::,:ii, ': H ,.'.,;.;"~~::~-:'c ,.' :', ':: : ..~>,:: :':~<::: :' ',: ,,;~:/ ',' t;;J ~:~~:':':~'.'\,; itffJKE!i.i:':.} : j ~:.:~ ". j,',~.~ . ... ,~.' r ~t'. < ;- .' to, '.:;:/:~~.>i:',,~ ~." If. l'''-{ I.." , 'I .~ 11{.~' ,{..i., , '. ";} :-; :', -:..' '. ',< ': ,:,,!'",p:,>,;: :Jri':: ' ';~{: ';'<:"':1 .,::~, " ,.i"',,,/' ;i~~'1~r, '. , ;/:'. '::';", ,\,,::;~!:~.... ::~~\.:;;:;~J;", I" :. :\I:'1':;;'~,';,,:('~ <:::'i<..':: >,,\..'t.,if~'>:j ': ""', ",:.; ::',';-';l':' :,,~~:..;..:,..:;~; :".':,;;';..1, .J:> ",'" "",:, ,;: '.,'j)' "'.' '1 1'-{'~ ',~:",.. ,t' ":'.-i..,:,"":i.;;.~::.)'.t"'~~ " c'''',-' ..~l". ~ ',"/- " ""'..' ,:;...'~:i }<. . ~ "'>:,:': :;, .",!;",;",.;,." ", ':",:,\;jii".';<- ';', ' , ',,,',,. ',' ',' . :;: , : ,i';';:'\::; 'j,\,:, :~! \;>- ,,'.'> '\.}if?..~ ':;';'l/.:';:'iJ:Y><~'~ ;,~: ~ ':,~'..':,:;,'9' I I' \. ~~.. ,_\:::.,..,."~': .,,:. \', .,...~';~.::.r,.t ;:.,~ ~,' '>r ,i,", ~~,1(:'~ ~\'~' ,rt:\1 ;-,,' :~'~,': "'-" " ':_'" ,.: _' '" :,.',,, ',~ ' (""",'.J~..f.:}::,,+~.:,}: 1'\.:,.... ~~.:.., . '<', "Sep~erhb'~r' 14.... 19'59';'.:" ,;'::.:r::,i":'.:.{:<~:~;<}.'::\;:~} '.. · , ..,;,;;;~j\~:~tiJ~i~i~ .', " ,',f ,. .~~~t~~:.;.:~{ ~1j'~~ ~~. "''',': :..,'., :"~";~\c::~fi~!~::~; ~ .' ': ";~. ~/"::;: ,:" ,_ ' ..<~;.~.:.!:::,1~... ': " .>:..>:~ i,: .~: .' ~" .>j.~ ~ ,,' d ~{ Gentlemen: The' City Commission will meet in Special Session on Tuesday morning. September 15,' 1959 at 11:00 A.M. for the purpose of accepting bids for $575,000, City of Clear- water, Florida Municipal Parking Revenue Bondsi $630,000, City of Clearwater, Florida Utility Revenue Certificates, Series of 1959; ~3,260,OOO, City of Clearwater, Florida Utilities Tax Improvement Certificates; and to pass a resotution authorizing appli- cation f'or a federal grant for the co nstructi on of the Clearwater East Sewerage Treat- ment Plant. The meeting will be held in the City Hall Auditorium. ;'1 :{'? ".' ,:,,2'~ , ';'Ji'i~,-;::: , ," ;,'1-':;':''- ,1 . ~,~;': ~ ..:.., '.." ~..{ Sincerely yours, '...;:;~' '," ,/ '.,' .}r:;~~~.. "~:\~:::~!'U"t,;.~, . n, ~':;!"::::~'::':",I~;J'~. ':"'" .- .\ ~. . ., :,',,\ - 1..::r:1"_~:"'I;~\~~<"o"~,;J:ot'....,."1,t;'"....,,.~-..~.;,:r...t ,.,..~,~- ..~ '=.:~'t.rt"ct.w.:~ ~"I~~".""-~~~.~': ';>-':-.',;:;.:-::~ ......~.~~":: <., ,',4'_ .f".,::~..'::..:-~ ':,' ~ - ~.) , ...~..- " ,''', ,. ,~,'l;':.~l'~~~!i ',' ~::.,~2"",,,,~~'~~:,;r' , , .:~ y y J~ . ''1 "I , '" r ,) :,~~ ,( 1 \ ,t. '1 .. '. "i'. ,". 'l ,~ .. ~ 3� � CTTY CUi��7ISSS0I�' T�I�ETIItG 5epternber 15, 1959 '1'he City Commission o�' the ^vity of Glearvaater met in special session at the L'ity Hall, `iuesday, S�pte,nber 15, 1959, at 11:00 P..i�T. with the followin; members pr�sentc Alex D. Finch i�Ia�or-Commissioner Cleve�.ancl Tiisco, Jr. Commissioner James H. L+Iatkin� Commissioner Amos G. Smith Commissioner Absent: Herbert R. Fields Coramissioner Al.so Przsent v�ere: James H. �i;ewart City r+iana•�;er H. H. B:�skin, Jr. City AttiorneX �1. Boo�h Police Chief The Pdayor called �he rneeting to order. Commissioner 5mith moved that �ommissioner Fields be excused from this meeting for r.easons heyond his control. I��otion va�s seconded Uy Conimis5ioner Insco and carried unanimous].y. The i�lanager read the bids received for tPie �j;3,260,000.00 Utility Tax Improvement Certificate Issue as }ollovas: Shiuldw 8c Co�an,� ?�3,1'77,09$.20 1g62 3.25`� 1963 3 . �.0;� 1g64 3.50�0 1965 3.00� 19bb 3,70 a 1967-196$ 3.SOo 1969-1970 4.Ooa 1971-1972 4..10�� 1973 4.20% 1974--1975 4.25;p 1976-19�1 4.30% 1.g�2-198� 4•40 0 Effective int, rate �.�295� i�oldrnan, Sachs Co. j�3,1�9, 7n3.20 1�61-1�71 �..OG a 1972-19l7 4.2� i-97�-19$2 4�2�go 19�3-19$5 4�300 lg$6-19g9 4.40% Effective int, rate 4��F157� Halse�y Stewart Co, �3,171�.,6�5.$0 1962-1965 3.50 196b-1973 3.75� 1.974-1979 4, 25I 19�0-19$g 4.�-0 � Effective int . ra�e 4.. �.2b7� Blvthe & Goinpany �3,17a,249.27 1962-1970 3,750 1971-�972 y.,25 0 1974-1.g�9 �.. �,.0 � Effective int. ra�e 4.1�g03 D P:Ierrill, Lynch, Pieres ,;r3,1b2, 200.00 1962-1561� 6.00 0 1�65-1971 5,00; 1972-1975 4.25� �97�-i��6 �.4�ao 19�7-1g�g 3.500 �ffective int, ra-Ge 1�,3g02 a Kidder, Neabodv & Co. y;3�162,��3.00 1962'-T9%2 4.Oo-j 19?3-1974 4.200 1975-19�9 ?�.?5 0 Efiective int, rdte t�..3696� John huveen & i�ssoc. �;3,162,$52.00 1962-1973 �.�� 1974-19�0 4,25t� 19�1-19$g �,..3ofo �ffective int, ra�e li.,396926 � F_S. Smi�hers & Co. �3,16?,g05.00 1g62-1�b� 3.�50 196�-19'71 t�. 00 0 1972-1975 4.20a lg7d-1479 4.3�a i9�a-19$3 4.40; 19$4�-19$9 4.. 50 0 Effective int,. rate 4, 5p�+5 � __ � _2_ � �2�t co��a�RsszonT .�1�:��1�� September 15� 1959 (continued) The following bids were read on the ;�N63o,000.00 Utility Revenue Certific�te T_ssue: Goldman, 5achs & Co. y;.611,112,60 1a61-19b$ l�.00�o 1969-19�2 4.25;0 1g�3-19�5 4o3aQ 1g�6-19�9 4.400 �ffective int. •rate 1+.4�$57io BlYthe Ec Company �611,10�,00 1961-1970 5.50a - 1971-1973 4.25i'� 1974-19$9 4.4oa Effective int, rate �+.5243 0 Jot�n hTuveen & Assoca .��,b11,51�1.00 1961-1973 1�..0� 1974-19£30 1�.25� 19$1-19$6 4.4oi 19$7-lg$9 4.300 Effective inL. rate 4.l�.3172 0 iSidder, Peabodv & Co. �611,101.00 1961-1976 L�.aSo i97�-19$9 4•.30i Ef.fective int. rate 4.41$70 1^he following bid was the only one received on the �5'75,000.00 Parking Revenue Certificate Issue: John I�uveen & Co. Yr55$,095.00 1g62-196$ 4.30% 1966-1970 4.5oJ 1971-1974 �r.75% 1975-197$ 4.$00 1979-19$9 4.9ojo Effective int. rate 4�9923� By consent, City Treasurer F. Aberna-�hy and I=Ir. Loomis Leedy, Jr., Fiscal Agent, were requeszzd to tabulate �Iza hids and report back later witlz recommenclations. Reso-lution 59-$�: was read autnorizing the I�tayor to sign an ab�lic:ation to Ue iilad with the Department of Healtl�, Education and �3elfare (U.S. Pub].ic Health Service) asking for a iederal grant for funds in connection wi.th proposed sewage treatment works (East �learur�ter area). Commissioner Insco moved to pass and aelopt Hesolut:ion 59-$4 and that the groper o�ficials be authorized to execute it. TZotion was seconcled by Co�nissioner Smith an� carried unanimously. Commissioner Insco moved tc, recess the r�eEtzn; to 1:00 P.I�i, Motion was seconded by Gom=nissionei tiVatkins and carried unaniinously. lhe i�layor re-•convened the meeting at 1:00 P.I�I. with Commissioners Insco, V�atkins and Sr�ith presenb. After tabulation of the bids for the w3,260,000.00 Utilities Tax Impnovement Certificatas issue, tne City 'ireasur�r and the �'iscal Agen�t recommended acceptin, the bia of �idder, Peabody & CompanSr, for �3,162,$53.00 at an effective interest rate of ��.39592br, this being Lhe hijhest and best bid. Tlie Attorney read Resolution 59-$5 authorizing the sale of the above cer�ificates to that firm. Commissioner Insco mo✓ed to pass and adopt Resolution 59-$5 and that the proper officials be authorized to execute it, i�iotion was s2conded by Coramissioxier Sinith and ca.rried unanimously. T�1r. Lewis Horaer, a former 'triayor, commented he i;hought i�he numoer of Uids received and the arnount o�' �he �ids were a fine �,rihutie to the City of Clearwater, itj adrainistra- tion and financial condition, and also �h�t the work encon7passed in this impnovement program would be of tremendous value t o�he ,rowth of the .:os�¢nunity. Resolution 59-$6 taas read autnorizing the sale of th e�630,000.00 Utility Revenue Certificate Tssue to Kidcler, Peabody & Comgany� this being the hi�hest and besb b�_d. �Phe City Treasure� and the riscal l�gent recomriiended the acceptance of this bid, Cocunissioner Insco moved �o pass and adopt Resolution 59-$b and that the proper offi- cials he autnorized to execute it. T�totion was seconded bf Commissioner Smith and carriecl unanimausly. Resolution 59-$7 was read authorizinp; the sale of the �575,OOQeQQ BZunicipal Parking Revenue Bonds to John Nuveen & Company, Inc., this being t;�e only bid received. The City 7.'reasurer ancl the �'iscal Agent recommended the accep�ance of this bid. Commissioner Insco moved Resolution 59-$7 be passed and adopted and the proper officials be authorized to execute it. I�iotion was seconded by Commissioner Watkins and c2rried unaniraously. `1'here being no further businass, the meetin� was adjourned at 2s05 P.ri. r May r-Commissioner ki:test : �//° _GG�=�-� C' Clerk CTTY COT•1C�TTSSIOh t�ETING �eptembe� 15, 1q59 3eptember 14� 1959 ,�-� ., �� Honorable T'fayor and Members oi Ca.ty Commission City oi Clearwater Clearwat�r� Florida Gentlemen; The City Corrunission will meet in Special Sess3on on Tuesday mornin�. September l5, 1959 at 11:00 A.T+i. far the purpose of acceptin� bids for w575,000, City Qf Clear- water, Florida P�'funicipal Parkinp; Revenue Aonds• k630,000, City of Clearwater, Florida Utility Revenue Certificatesy 5eries of 1959; �3,260,000, City of Clearvtater, Flori3a Utilities ri'ax Improvement Certificates; and to pass a resotution authorizing ap�li- cation for a�ederal �rar�-� for �he construction of the Clearwater East Sevaerage Treat- ment F�ant. `1'he meeting �^rill be helci in the City Hall. Kuditorium, Sincerely yours, James R. �tewart City P�anager � �:�; „ .� � ;� '� � ,� ��{ i, �� i` r r' ;