06/10/1970
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CITY COMMISSION MEETING
June 10, 1970
The City Commission of the City of Clearwater met in special session at .'
the City Hall, Wednesday, June 10, 1970, at 12:00 O'OlOCK noon with the
following members present:
H. Everett Hougen
Donald S. Williams
Donald Carlson*
Richard D. Wachtler
* Absent at first of meeting.
Absent:
Mayor-Commissioner
Commisaioner
Comrni aa10ncr
Comm1aaioner
Came in later.
Rick Hall
Conunfsaioner
Alao present were:
Merrett R. Sticrheim
Herbert M. Brown
Frank Daniels
Clark Lowrey
City Manager
City Attorney
Police Chief
Finance Director
The Mayor called the meeting to order. The invocation was given by the
City Attorney. The Mayor announced the purpose of the meeting was to receive
bids on the sale of $3,200,000 utility Revenue Certificates, Series of 1969.
Commissioner Carlson came in at l2:10 P.M.
The City Manager read the bids trom eight firms for the Utility Revenue
Certificates as follows:
Offer to Pay Net Interest Cost
W. H. Morton Co., Div. of Am. Express $3,152,000 7.228951
Kidder, Peabody & Co. & Assoc. 3,152,050 7.1310
Halsey,Stuart & Co., Inc. & Assoc. 3,152,000 7.21004
Hibbard, O'Connor & Weeks, Inc. 3,152,000 7.14659
F. S. Smithers & Co., Inc. & Assoc. 3,152,000 7.28510
Blyth & Co., Inc. & Assoc. 3,152,137.30 7.355697
Merrill, Lynch, Pierce, Fenner & Sm:lth, 6.9754
Inc. & Assoc. 3,l52,OOO
William R. Hough & Co. & Assoc. 3,152,000
19~1 thru 1982 7.5%
19 3 6.~%
1984 6. %.
1985 6.9%
1986 thru 1991 7.0~
1992 5.5%
6.9748
The City Manager recommended the bids be reterred to Fiscal Agent Loomis Leedy
and City Finance Director Clark Lowrey for tabulation and recommendation.
Sgt. R. Kennedy replaced Chief DanielS at 12:15 P.M.
The City Manager reported after checking with the County Supervisor or
Elections it appeared that July 28th was the latest date that can be used
for the reterendum on general obligation bonds. Commissioner Carlson moved
that the date ot July 28, 1970, be established as election date for the
referendum on the proposed general obligation bonds in the amount of $7.2
million for the City of Clearwater and the proper City ofticials, the City
Clerk, the City Manager and other City officials do all things necessary to
conduct an election on this date. Motion was seconded by Commissioner Wachtler
and carried unanimously.
The City Manager distributed a memo relating to the clean-up program for
Sand Key and explained the Olearwater JayCees, the National Guard and others
would participate on Saturday, June 13th. He further stated he had requested
U.S. Steel to furnish trash containers and suitable signs and the City would
service the containers which may alleviate some of the present problem.
,,~e_.' .... The City Manager reported various oi tizens representing different
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CITY COMMISSION MEETING
June 10, 1910
',' The Mayor"reported he had reoeived a letter and a tebphone call from
Mr. George Bernstein, Insurance Adrn1nistrator, Housing and Urban Development,
Washington, D.O., . stating the application for the City of Olearwater to
partioipate in the flood insuranoe program was oonsidered complete. He read.
a memo to the Oity Manager suggesting that official flood insurance and flood'
hazard maps be located in'City Hall.
The Mayor reported on a memo he had sent to the Oommission and the Oity
Manager in which he anticipated approval of the general obligation bond'issue'
and reoommended taking immediate stops ,to implement the beauti1'ioation progr'am
reoommended in a study by Lane Marshall & Aasoc.
The City 'Attorney reported it was neoessary that the City Commission approve
Edward M. Fulmer as an authorized donee representative who would be authorized
to receive donable surplUS property for oivil service purposes on behalf 01'. the
City as Executive Director of Civil Defense. Commissioner Williams moved to
appoint Edward M. Fulmer aa an authorized donee representative to receive
donab1e surplus property for civil defense purposes. Motion was seoonded by
Commissioner Wachtler and carried unanimously. '
Mr. Loomis Leedy, Fiscal Agent, reported the tabulation was oompleted;
that the bids were in order; and that the highest and best bid was that of
Wm. R. Hough & Co. & ABSOC., and he recommended it be accepted. CommiSSioner
Carlson moved that Resolution # 70-46 be passcd and adopt~d and the appropriate
officials be authorized to cxecute the same which said resolution approves the
sale 01' Utility Revenue Oertificate Series 01' 1969 in the sum of $3,200,000
to Wm. R. Hough & Co. & ASSOC., which is the highest and best offer for said
certificates and complies in all respeots with the said notice of sale and that
the oertified checks from the unsuccessful bidders be promptly returned to them
by the Finance Director. Motion was seoonded by Oommissioner Wachtler and. .
carried unanimOUSly. The Oity Manager explained this utility revenue certifi'cate
issue would be paid for solely by revenues from the utility system, sanitary .
sewer revenue, and in no way obligates the tax base of the City.
Commissioner Carlson moved that an additional $100,000 be appropriated
to the library program and to increase the general obligation bonds from
1.2 million to 7.3 million. Motion was seconded by Oommissioner Wachtler.
The Mayor asked if this addition could be met without needing a tax increase.
The City Manager stated the 7.2 million proposal was a conservative estimate
based on the return per mill which estimate had been concurred lp by the Fiscal
Agent, Financial Consultant and Finance Director, and therefore he believed
that an additional $100,000 would not affect the required millage. 'Upon the
vote being taken, Commissioners Carlson, Wachtler and Mayor Hougen voted lIAyell.
Conunissioner Williams voted 11 NOll . Motion carried. Comm1ssioner Williams
stated that he believed that the recommended $370,000 would be adequate for
the work that has to be done.
Commissioner Waohtler moved to adjourn~
was seconded by Commissioner Carlson and c r
Attest:
IW.
P.M. Motion
fb~7
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OITY COMMISSION MEET~NO
June 101 1970
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WAIVER OF NOTICE OF MEETINO
The undersigned Oity Oommissioners of the Oity of ClBrwaterl Florida,' hereby
waive notioe of a speoial meeting or the Commission to be held at l2 o'olockl
noonl or as soon thereafter as the meeting oan be oonvened,on the 10th
day of June, 1970..
~:~
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H. Everett Hougen, Mayor-Commissioner
Donald Carlson
Richard D. Waohtler
Donald S. Williams
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June 8, 1970
Honorable Mayor and Members of City Commission
Oity of Clearwater
Clearwater, Florida
Gentlemen:
The City Commission will meet in Special Session on Wednesday, June 10, 1970
at 12:00 olclock Noon in the Commission Chambers in City Hall to hold a
public hearing ,to receive bids for the sale of sanitary sewer revenue bonds.
Sincerely,
/s/ M.R. Stierheim
City Manager
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RESOLUTION
WiarnEAS, we the Board of Directors of the Olearwater-Largo-Dunedin Board
of Realtors, Incorporated in meeting assembl,:d on Wednesday, June 3, 1970,
support and subsoribe the proposed bond issue as presented by the Clearwater
City Manager to the City Oommission on May 27th, 1970, and
FURTHERMORE, that this bond issue we support is to be in the amount or
$7,2001000 for capital improvements in the City of Clearwater, it being
understood that the proposal by the City Manager contained no increase in
tax millage and will be financed by a general obligation bond issue,
NOW THEREFORE BE IT RESOLVED, we authorize and direct our president to
sign a Resolution representing this organization of 827 members to thia
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effect and present it to the Mayor of the City of Clearwater, Florida.
Dated June 3, 1970
/s/ PRESIDENT G. E. MoCullough
CLEARWATER~LAR~O-DUNEDIN BOARD OF REALTORS,INC.
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