05/13/1971
CITY COMMISSION MEETING
May 13, 1971
The CitY,Comm1ssion of the City of Clearwater met in special session at
the City Hall, Monday, May 13, 1971 at 12 o'olook noon, with the following
members present:
Mayor-Commissioner
Commissioner
Conun1ssioner
Commissioner
Conun1ssioner
H. Everett Hougen
Donald S. Williams
Donald Carlson
Riohard D. Wachtler
Joseph Carwise
Also present were:
Merrett R. Stierheim
Herbert M. Brown
City Manager
City Attorney~
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The Mayor called the meeting to order and announced that the purpose of the
meeting was to open bids ror general obligation bond issue, that seven bids had
been received and that the time had elapsed for receiving any further bids., The
invocation was given by the City Attornoy.
The City Manager read the bids front seven firms for the $7,300,000 general
obligation bond issue as follows:
1972 thru 1984
1985
1986
1987
1988
1989
1990
1991
Orfer to Pay
$7,300,000
7,300,000
7,302,190
7,301,169
7,300,153
7,302,684
6.50%.
6.00~
5.30~
5.40~
5.50~
5 . 60~
3.25%.
3.25~
w. H. Morton & Co. Div. of Am. Express
Halsey, Stuart & Co., Inc. & Assoc.
Kidder, Peabody & Co. & Assoc.
Morgan Guarantee Trust Co.
Blyth & Co., Inc. & ASSOC.
Harris Trust & Savings Bank
William R. HO':'1gh & Co. & ABSOC.
7,300,000
Net Interest Cost
5.55438%
5.50073:'
5.507952%
5.6245%
5.943272'-;
5.2955'-;
5.33852'-;
The City Manager recommended the bids be referred to Fiscal Agent Loomis Leedy
and the City Finance Director Clark Lowrey for tabulation and recommendation.
Mr. Jim Hawkins, representative of William R. Hough & Co. & Assoc., protested
and asked an interpretation of bid instructione concerning the spread from 6.50~ to
3.25~ annual rate of interest in the bid of Harris Trust. Mr. Leedy stated in his
opinion the bid of Harris Trust met all qualifications of a legal bid.
The Mayor reported that during the work session this morning the City Manager
presented a plan for increasing traffic facilities on Memorial Causeway including
five phases. Because of the urgency, the Mayor reoommended authorizing immediate
beginning on the first three phases, authoriZing the City Manager to seoure
appraisals, negotiate for right of way and negotiate with the County. The phases
presented were as follows:
Phase 1 - Minor revisions of Pieroe) Cleveland & Drew st. intersection
Reapply to the Coaat Guard for one hour bridge openings on weekends
and holidays instead of once each half hour.
Reversible lane system on bridge with 3 lanes East-bound with manual
signing and coning.
At a later date add overhead controlled lighting system for reversible
lane.
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II 2
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II 3
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Construct the bayfront loop with selected alternate alignment and pro-
vision made at the intersection of Pierce, Cleveland and Drew St. to
direct traffio on to the loop.
Conotruct additional 2 lane bridge, South of the present one to connect
with the loop, and widen Causeway from Island Estateo with a free flow
lane.providing for traffic emerging from IOland Estates to the Eaot.
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CITY COMMISSION MEETING
May 13.. 1971
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Phase 5 - Inadd1tion to widening Causeway an overpass to be oonstruoted from'
Island Way over. the East-bound and West-bound trafficlanee and
returning to grade and emerging with Eaet-bound traffic.
Commissioner Waohtler moved upon reoommendation of the City Manager that the'
City Manager be instruoted to moved full speed ahead ,on Phases 1 through 3 and
negotiate with a profess1onal,oonaulting firm a oontraotual agreement for a
atudy of the overall traffio requirements between Clearwater Beaoh and the main-
land. Motion was aeoonded by Commissioner Carwise. Conaiderable disoussion
onsued with the Mayor reporting that the total eatimated ooat was $2..395..000. .
Cow~8sioner Carlson inqUired if the County had paid Wilbur Smith & Associates
$320..000 for a study of a proposed bridge in the Clearwater Bay area and that if
a oopy were obtainable.. the City might save $39..000. Disoussion also included
the possible location of a aecend causeway. Indications were that a majority of
the Conunission were not in favor of a oauseway or bridge to the north of' the
,existing causeway. It was suggested that the consulting f'irm be informed of this
situation. Upon' the vote being taken, the motion carried unanimously.
Commissioner Carlson expressed the opinion that the existing facility was the
best and least costly way to improve traffic conditions between beach and mainland
and moved that the City Manager proceed with more detailed cost estimates and study
pOSSible methods of financing Phases 4 and 5 of the special work session agenda in
order to evaluate the construction of additional bridge and an overpass from ISland
Estates to the causeway, etc. Motion was seconded by Commissioner Williams. Upon
the vote being taken.. Commissioners Carlson.. Williams and Mayor Hougen voted "Aye".
Commissioners Wachtler and Carnse voted "No". Motion carried. '
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The City Manager stated that he would reduce his underatanding ot the intent
of the Comw~saien to ~witing and submit it for approval.
Commissioner Carwise left the meeting at this time.
The City Treasurer and the Fiscal Agent returned with the tabulation ot the
bids. The Mayor reported that Mr. Hawkins said his protest would stand. The City
Attorney stated that he and Mr. Leedy just finished talking to Mr. John Trimble.. .
bond attorney.. in New York City and he advised the protest should be disallowed and'
proceed to award the bid to the lowest and best bidder. Commissioner Carlson moved
to disallow the protest and to proceed with awarding the bid. Motion was seconded
by Commissioner Wachtler and carried unanimOUSly.
The City Attorney presented Resolution #71-55 accepting the low bid ot Harris
Trust & Savings Bank tor general obligation bonda. Commissioner Carlson moved
'Resolution #71-55 be passed and adopted and the proper City ofricials be authorized
to execute it. Motion was seconded by Commissioner Williams and carried unanimously.
The City Attorney said, another motion was needed to return all the certified
checks to the unsuccessful bidders. Comndss1oner Williams moved that all certified
checks be returned to the unsuccessful bidders. Motion was seconded by Commissioner
Carlson and carried unanimously.
Commissioner Williams moved that the meeting be adjourned at 1:25 P.M. Motion
was seconded by Commissioner Carlson and carried unanimously.
Attest:
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