09/03/1964
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, em eO~I~;ION MEETII~G ,.~' ":::,::,\~t"i/,';I~il
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Smith and carried unanimously."\..
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The meeting was recessed for the tabulation.
The Mayor arrived during the recess.
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After tabulation was completed Commissioner Insco reconvened the.meeting arid "
turned the chair over to Mayor Weatherly, with Commissioners Insco, Smith and Turner,
'in attendance.
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Mr. Leedy reported that the bids were in order and that the bid submitted by,
John Nuveen & Co. Inc.. was the lowest and best bid and recommended it be accepted.
Commissioner Turner moved that the bid of John Nuveen & Co. Inc., with a net interest
cost to the City of $496,769.50 with interest at 3.39209%be accepted and Resolution
#64-133 be approved and the proper officials be authorized to execute it; and that
the certified checks of the unsuccessful bidders be returned immediately following
this meeting. Motion was seconded by Commissioner Insco and carried unanimously.
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There being no further business, the meeting adjourned at 12:00 noon.
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'CTTY COMI4TSSION MEETIIdG
SeptembYr 3, 1964
Tha City Commission oP the City of Clearwater met in special session at the
City I3a11, Thursday4 �e�tember 3rd, 1964 at 11:00 A.r�i. with the follqwin� members
present:
'�Mayor R,obert L, We�therly Mayor-Commissioner
Cleveland Insco Commissioner
Amos G. Smith Commissioner
J�.�Geph K. Turtter, Sr. Commissioner
*Absent at first of ineeting. Came in later.
Absent:
Herbert R. Fields Commissioner
Also present wexe:
James R. 5tewart City Mana�;er
Herbert i�. Brown City Attorney
Willis Booth Police Chief
In the absence of the Mayor, Commissioner Smith made a motion to appoint
Commissioner Insco as Acting Mayor. Motion was seconded by Commissioner Turn�r
and carried unanimously. Acting Mayor Insco called the meeting to order. The
invocation was given by Chief Booth.
Commissioner Turner moved that Gommissioner Fields be excused from this mee-ting
because of being on vacation. Motion was seconded by Commissioner Smith and carried
unanimeusly.
The Acting Mayor announced the purpose of this meeting was to receive bids for
the sale of $975,000 Utility Revenue Certificates. The Gity Manager read the bids
from ten firms.
The bids were as follows:
B. J, Van Ingen $965,250.00
Net Interest Cost 3.455510
Wm. R. Hough & Co. � f�ssociates $965,250.00
Net Interest Cost 3,41402%
Goodbody � Co. $965,917,88
Net Interest Cost 3,4615%
Halsey, Stuart E Co, Tnc.
� Associates $9&5,328.00
Net Interest Cost 3.41005$
Blyth � Co. Ine, $969,845,47
Net Interest Cost 3,42Y88$
Shearson � Hammill � Co, Inc,
� Associates $9fi5,250„00
Net Interest Gost 3.4401�
Shields 8 Company � Associa.tes $965l250„00
Net Intereat Cosfi 3.475213�
Merrill. Lynch, Pierce, Fenner
f Smi,h Inc „ & Associates $965,669,25
Net :interest Cost - 3.4499%
John Nuveen � Co. Tnao $965,278.00
1966 i;hru 1973 5°v
1°74 3.5%
1975 i:hru 19`78 3.25�
1979 and 1980 3,30
1981 thru 1985 3.4%
1986 thru 1988 3.Sro
1989 lv
Net Interest Cos� 3.39209F,;
Reynolds E Co. $9069078.75
Net Interes�t Cost 3. 47106 ro
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CITY COMMISSION MEETrldG
Saptember 3, 1964
Commissioner Turner moved that the bids be refsrred to the Fiscal Agent,
Loomis Leedy, Jr., of Leedy, Wheeler 8 Alleman and City Finance Director, Kenne-th
1•icCreary f�r tabulatioz� and recommendation. Motion coas seconded by Commissioner
Smith and carried unanimously.
The meetir�g was recessed �or the tabulation.
The Mayor arrived durxng the recsss,
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Af�ter tabulation was completed Commissioner Insco reconvened the meeting and
turned the chair over to Mayor Weatherly, with Commissioners Insca, Smith and Turner
in attendanee.
Mr. Leedy reported that the bids were in order and that the bid submitted by
John Nuveen & Co. Tnc.y was the lowest and best bid and x�ecor,unended it be accepted,
Commissioner Turner moved that the bid of John Nuveen & Co. Inc,, with a net interest
cost to the City o� $496,789.50 with interest at 3.39209%be accepted and Resolu'tion
#64-133 be appxoved and the proper officials be authorized to execute it; and that
the certified checks of the unsuccessful bidders be returned i�nmadia`Ee1y following
this meetin�, Motion was secondzd by Commissioner Insco and carried unanimously.
There being no further business, the meeting adjourned at 12:00 noon.
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May4f�-Commiss �,oner
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CITY COMI�IISSION MEETING
September 3, 196L�
WAIVER OF NOTIGE DF MEET�NG
The undersigned Oity Commissioners oi the City oi Clearwater, Florida, hereby
waive notice of a speciaZ me�ting of the Commission to be held at 11 o�clock, A.M.,
or as soo:� thereafter as the meeting can be convensd, on the rd day of
�eptember , 196t�,
s Robert L. Weatherl
Mayor-Commissioner
/s/ Cleveland Insco
/s% i�nos G. Sm�:th
/s/ Joe Tizr�nerz Sr.
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