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RE S O L U T ION
No. 62 IQ5
.., ^5,e{r'IY ;? =r s : RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF CLEARWATER, ADOPTING A BUDGET,
_'} ,?L• t. is 5;.1' •'.
FIXING THE RATE OF TAXATION, AND GIVING.
NOTICE OF PUBLIC HEARING THEREON. ati ,?i3r _
ix
WHEREAS, the City Manager of the City of Clearwater, Florida,
has submitted an estimate of the amount of money necessary to carry
on the City Government for the fiscal year beginning October 1, 1962,
J
A, and ending September 30, 1963; and
WHEREAS, the estimated income to be received by the City
;,I during said period from ad valorem taxes and other sources has been
submitted to the City Commission; and
WHEREAS, the City Commission has, in special meeting duly
assembled, examined carefully, considered and approved same;
NOW, THEREFORE, BE IT RESOLVED BY THE
CITY COMMISSION OF THE CITY OF CLEARWATER,
FLORIDA, IN SESSION DULY AND REGULARLY
ASSEMBLED, AS FOLLOWS:
1. That the City Manager's Annual Report and Budget for
the fiscal year beginning October 1, 1962, and ending September 30, 1963,
a copy of which is on file with the City Clerk and is by reference made
a part hereof, and of which the following schedule is a summary, is
hereby adopted as the Budget for the City of Clearwater:
.. ,,.. Reso. #62-105
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Li::S i?w'l...Y:::.i?aF:1i.+F ,. _ ... .r.'JJy, ?'A? •}?,Y.
r;:•;y"r.v:" ''_ ,J". ESTIMATED REVENUES #?
GENERAL. FUND 160-61 1.961-62 1962-63 i'':'4 ff
(Actual)
:? °•.,'}R.>;`;t° `''`- s;:: 't
?,? ,•.. :;.. ?' r• .,. ???
t;onurel Property Texus 635,344-55 782 329.00 912 600.00 ''':??" ?" • YL
i-4p
x `Mc 72° •` Franchiso UtilltY Taxes 67d,642.96
672,ooo.00 78d,500 •00
i
5?a ty? {? L.icunsus G Purmlts 231,941.74 240,000.00 165,450.00
Finns, Forfelturus b Punoltius 92,684.30 117,500.00 115,000.00
Ruvenuas from Usu of onu
M y Property 50,459.05 65, 100.00 73,300-00
'' ?f+''??';?,,t$?''•`??????;;?: Huvunuus from Other Agencies 530,419.8`,????,? .,?,?r• t !?u,: ,, . d 339,000.00 339,000.00
?.
"? ?'?'?`' "?;''"";?'•'?`?`,-''`? Chargua for Currant SarvIcus
?a, z?`'?Y•?;? f a=°: 4,051.16 4,300.00 3,5.00
Transfers from Other Funds 331,4ti4.37 439,189.00 602,664.00
Other liuvonuo 9,1301 .62 ,070.00 L 1 QQO.00
_
2,564,829.63 2,6W,W8.00 3'011 ,014.00
SPEC IA,?_IMPROVEMENT FUND f
-JA Gunural Property Taxes 164,561.1d 211,355.00 295,400,00
PUBLICITY & PROMOTIONAL FUND
a
` Gunural Property Taxes 131,648.95 135,447.00 154,000.00
¢r:
`?. 1lOND INTEHESL6,51NKING FUND 237,879.31 244,970.00 275,116,00
fIHEMENS PENSION FUND 24,684.17 25,303.00 42,163.00
f? MARINA FUND 59,447.98 59,725.00 60,879.00
UTILITY FUND 2,097,607.43 2,143,904.00 2,467,100.00
10181. ALL FUNDS 5,130 55.35 5,530,092.00 6,307,677.00
k
Rooo. #62'-105 2. 9-24-62
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1961-62 El UDGgr it BCAP
Anticipated
Actual Bad t; : -'r'ye, ii
Budget Budget ,`!'. .,
's' s' •t 1960-61 1961-62 1962-63
City Commission 13,474.08 13,831.00 13,650.00 A ljL ,' tifN,. •yrry?r%:
Municipal Court 16,948.35 16,788.00 22,734.00
"': artr;.
?•r°a?? _ =;- 1 Legal Department
?;?P;`•i:?,` i?;?s;r+: 25>983.01 27>738,00 2
7,231.00
r .-=vr-"1'A
4'{ar €'1 Civil Service 12,413.31 12,628.00 14,007.00
City Manager g`
?,t?pr't;,.?,.•. ?°: 34,076.18 34,625.00 41,647.00 5? Vi A City Clark 17 922.60 20 474.00 22,141.00 Finance Department
Supervision 33,004.92 32,265.00
:?:?i??a?`:???y? tt?.;?.1•;,'='' 30,722.00
a??1s`;a?, A'FC' .l.., r.:,7•: z'. Yal
License Division 10,026.16 11,057.00 11.548.00 1? vk•t?f?? t'" ????' r
Treasur Division J
N':(? ,y,rF.:;?`•?• ? .. y 20,550.54 23,262.00 24,655.00
V°.r ?tl J?s?"t to 'Kti:.r ?,.??', i•
Accounting Division`
'?fx-{r=.'r7,i; 14,217.00 17,063.00 17,061.00
Purchasing Division 9.846.91 9=079.00 10,7D8.00
Total Finance Department 88.445.53 93,526,00 94,694.00
x ,
1,y"3g General;
Insurance 84,240.61 90,607.00 94,124.00
Memberships 1,102.75 1,165.00 3,220,00
City Hall 21,668.66 17,745.00 21,380.00 F%Q
Warehouse
4
390.00
,
Communications 25,177.30 22,356.00 25,752.00 s.
City Code 3,000.00 0 1,000.00
;? 4t3
Pension Plan Study 0 3,900.00 0
Salary Adj. 0 97 766,00 104.063.00
Total General 135, 189.32 233.619.00
_
253,929.00
Police Department;
Supervision 43,907.26 31,729.00 36,148.00
Investigations Division 55,106.49 74,687.00 70,319.00 J.ixa:
Traffic Division 125,288.93 137,175.00 140,797.00 b
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55.79 220,048.00 266,026.00
Jail Division 8,395,57 21,654.00 21,006.00 r
Special Police Division __1,203.27 11000.00 850.00 r
Total Police Department 445,757.31 486.293.00 543.146.00
Reso, #62-105 3
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J 9-24_62
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R E C A P Anticipated rti-,. y;•=;; +? . iq
Actual Budget Budget
1960-61 1961-62 1952-63
Fire Dapartment:
.ar Supervision 20,042.14 18,799.00 20,661.00
Inspections Division 13,756.50 13,458.00 17,001;.00
Fire Stations Division 339,221.16 293,873.00 886?303L,00
Total Piro Department 373,021.80 326,130.00 423 768.00
Public Works (Engineering) Dopt.: Y?'r, •?
Engineering Division 105,099.62 105,400.00 109,660.00
Planning Division 16,229.14 18,160.00 19,668.00
Inspections Division 33,993.16 33,193.00 34,147.00
Maintanenee Division 56,633.11 58,164.00 53,232.00
Basch & Waterways Control 35,369.50 30,741.00 20,875.00
Garage Division 52,928.36 50,909.00 52,617.00
Total Public Works (Eng.) Dept. 300,252.89 296,567.00 29 199.00
Public Works (Streets) Department:
Supervision 20,746.05 19,807.00 20,857.00
?,?;?:}.•sr Streets Division 163,822.16 135,604.00 184,319.00
Total Public Works (Stroets)Dept.
184,568.21
155,411.00 ??
205.186.00
Parks & Recreation Department:
>--`ft';= Supervision 14,877.35 17,027.00 18,632.00
Recreation - Supr. 22,055.06 22,256.00 23,882.00
{A
r Playgrounds Division 10,458.84 12,442.00 16,316.00
`
^
Recreation - Sports 38,741.87 34,357.00 42,995.00
1? jjal f<`{•
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Community Center Division
29,048.49
25,079.00
48,450.00
` Recreational Clubs Division 5,293.02 4,846.00 4,687.00
Fyf,??f
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Colored Recreation Division
18,547.37
17,793.00
26,093.00
k
Parke Division 83,465.92 88,706.00 121,504.00
Bandsholl Division 970.79 259.00 234.00
1 Auditorium Division 15,424.81 10,623.00 11,987.00
Cemetery Division 8,050.54 7,970.00 8,144.00
Beach Civic Cantor 6,553.44 10,458.00 9,157.00
Total Parks & Recreation Dept. 253,487.50 251,816.00 332,081.00
Reno. #62-105 4. 9-24-62
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.w, Anticipated Actual Budget Budget ,;;'tj;;f: sr' ?r:?•
` - 1960-61 1961-62 1962-63
Library Department:
_'?•??M??''?;????,,??.
Library Division 53,929.74 61,447.00 75.799-00
'':`i^•'is•;4' i:r' ter';. r*:-?r:. Y
, Sy{ 5-,. ii?,?i^)r)",??hi •.. .. A ?:J{tiltLLr wx4?l `
Library Annex 168.26 D
Beach Drench Division 0 300, 0
°• Colored Library Division 6,195.41 5.202.00 8,065.00
sr1
Total Library Department 60,293.41 66,949.00 84_.003,00 °e
Sea Orama 12,542.39 12,057.00 12,840.00
'.,
Beach Guard
0
5,033.00
5.811.00
Electrical Dept.:
Street Lighting Division 70,166.94 62,550.00 95,950.00 .
Maintenance Division 60,439.76 59,475.00 63,625.00 T'
r
0 850
14
00 J
Traffic Signal Division 15,423. 24,475.
0 .
, ,
Total Electrical Department 146,030.53 146 500.00 174,425.00
Debt Retirement 396,072.12 364,711.00 331,425.00
Transfer to Other Funds 60,232.82 70,612.00 77,572.00
{{; €
Payments to Other Agencies
61` 3-, 29.79
200.00
33,
40,325.00 N?
fly
TOTAL GENERAL FUND
2.6311,041.15
2,668,488.00
3,011,104.00
Y' Special Improvement Fund 173,840.17 211,855.00 295,400.00
Publicity & Promotional Fund 125,943.12 135,847.00 278,904.00
tt Bond Interest Fund 180,101.62 284,970.00 275,116.00
i' 4.. Firemen's Pension Fund 44,624.83 25,303.00 42,168.00
?
T?€
x Marina Fund 54,469.95 59,725.00 60,879.00
? Utility Fund 139472009.59 2 143,904600 2,467,100.00
TOTAL ALL FUNDS 54164,030.43 5,530•,,092.00 6,330,671.00
?
Reso. #62-195 5. 9-24-62
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10
as {Z?s .; • i 1 _ -. t •' ;. ..1'
'.S`, 'I??r yI'. •?,_ __?.!. -Si+,.D?AMi,NVryr'oq?I•-11Wy1'..3-.d..v4...1.-w?.i?.:d...:.M.u1.d .. t...: s1..,J.:r.....,-..', •.. c..,a,. ,. ,,. . ., ? ,.
tat it is hereby determined that a tax of 10 against -'=
the real and personal property within the City, not exempt from taxation
;;-t ids : `i?'• :.,';,`',?, •' y.'•:;' "??.•, ; ,'#' {
by law, is necessary to raise said sums appropriated for operation PurPoses :-•.3': ''fr';t''rt?,_
,
and said rate of millage is hereby assessed against said property for said
'.1 .
sums for debt service on the City's outstanding bonded indebtedness and
said rate of miliage is hereby assessed against said property for said
i
rates shall be published by the City Clerk in one issue of the Clearwater.
Sun, and that said publication shall give notice that the City Commission
shall meet in the City Hall of the City of Clearwater at 10 o'clock A. M.
September 27, 1962, for the purpose of holding a public hearing upon said
proposed budget and tax levy as herein set forth, at which time and place
objections thereto will be heard, and unless objections shall be made at
the time and place stated, said budget as adopted shall stand and be the
budget of the City for said fiscal year, subject only to the right of the
City Commission to amend or change said budget at the time and place
stated.
THIS RESOLUTION PASSED AND ADOPTED by the City Commission
of the City of Clearwater, Florida, this day of September, 1962.
purposes.
3. That it is hereby determined that a tax of 1. 5 mills upon the
real and personal property within the City is necessary to raise necessary
` purpose.
i 4. That this Resolution containing the foregoing schedules and tax
Attest: r '
Ci Clerk
Reso.#62-1,05
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The aetirwater Sun .. , . ,.? .. ' .:'. ' ' .
Published Dolly xa: n u < , ir•. .. ;i.:;.',;.
Clearwater. Pinellas County, Florida eU?t)p?6r?', 0MIYd =9 RAT= Or TAANAA77021,, •'AND ,Oll/?rli0 S0TJCRn OWA TY
r PFJBUUn rl1 AattiNtl
STATE OF FLORIDA `ftrc13so21.. ?Y•v,;•,'?..d
•.,?
COUNTY OF PIRELLASI W22sMS, the City Haoatet of the "C1tr'Of-ClH"'t'.r.'lfoet4ai'hae sutmited An •«ilmats at the amount
of agency Geeeeaty to carry as the City. 00"mTital' -for- lbe,fiwal year beginning October 1r 3942, 'aad
Before the undersigned authority personally appeared W. Pau! Harris, who on endlnE September $0, 1942t and
oath naps that be Is the Business M¢na er of the Cletrtr?ater Sun, a dal! nettspa per w2ltntAn, the estimated income -to 6.'. '. '
te/eteea°'Iy'!ha • Clli..terteR; uld period fro m ad rs[0ttm taxes
ubfishad at Clearwater Ire Pinellas Count Flarldai that the attached P ,.aad other Imm" has been submitted toribb•Clty Cemlalwloal a".,.., , . .
p n copy OI tr22XrNIAn, . the cur CammCeslo>a" 1314, . W lpktat+.iM«eCrg ]].Sul) es±emNN, eramEned' urelull1r, aanti4-
. 0 end aad a tal'ad atmei '• . : -'•, c..' S,i,;. r
adrertfsement, being a 0X1.......... . . . Now. gisEPMM 1315 sr ?dC10LV= *r 7Tg.Cr1°'C6ru[lu1'orr er' rnn CM Or arasAlt• ,
2. TThAt thhdtr ?ra Mra Aap,Iq ltLapot! Ind AaO?1Mtee'k Z1t8rtYear biaaPL1Odtc6.r. 2.' 1lgS.
i .................................................................. In the in¢11er of aad eedtag ne0lember 7a,.Ills, a aapr:Vf.Vhlah,te oa;fW•fruli= '1r e7ltk
i and 4,'by.nfsrsnm mud: n
.' F; .; [• ^?.. j e•' • .[ 7 _ Vert hareeG and of wbktt lhs !ollate4ts etbedt le Is',eL rommu'rt .1i15`, tl1>•riby all led' at the: Bud t: for the
..... 4.
•Y.? i,'.i?'.'1•QK.17a .................................. Ctt.r of t7sarwlteri ,.,...e ?l. •,t,..C ,,;• ;;; °p. a
a ttr. n ,t, Q
EST?If?TED'UYRi1 E:.'.,:
• -1? • , •....... •'F•IF#??.FIF#'.F3F#F4F±F•!'rif !i•'F ................. . • .. s ?'!,'.• , 5, ''?• ;•<' . .
!a Eli............... ... . ... •. L?ynrEr was published In
i446i 1Tii•i!' 1ld?.i7
.•f'.' ;. i4 said newspaper In tho Issues of SC pt.............. 5{ qb........... GENERAL FUND.
General Flaps Tara t=,. d `
i ................................................................................... Rant111w ipUtil h Taint' '4 X4:55',; 762E324.OQ 122,400.00
Afthmt further says that the said Clearwater Sue: In a news liunsas A Parmlb' •; +'`;'>' 641•!6'6..: 472,000:00. 7tt,600.08
Paper Published at Rnu L!• 231,44t:7f;r !: '240,00.00
'>. Clearwater. In said Pinellas Count , Florida. and that the said new ForEaltsns t lanaittai' ; -' 165,440.00••
County newspaper has
. 117500.00
• f 15,000,00 ' '
heretofore been continuously published in said Pinellas County, Florida, each day and Raranun from Uei e(ldeeay Er Projarfyy';;:.,;;,irtiD??il,05 65,IOO.Otl 73,300,00 , _
has been entered as second clan wail metier at th o e to Clearwater, in said Rarenuol (tam War Agescila s ? .;,i3D,d1?//`• :; 33l,00D.00 719,000.00
Pinellas County. Florida, for a period of one year race C6ar?a for Current Satvius
p 9 the tint publication of Transfers from Olhar fandt' { '; ?45i:1?'.,'' , _4,)60.00 3.$00.00
yp .` rtisoment;
urth
ther f nor promised anergon?eiiru2 or orporai n p disco r rebalsacomml has ntor relunmld d 4#liar Rawnw " y 1 ,• r=4,161tb7f 4,070 00 ?I 1,000.00
for the purpose of secullnq this edger as for cation iq the d newspaper. :"q J4964 IC63'.' ,s,WAII11,04 3,411,914.09
f SPECIAL IMPRb1!EAf[H1
rsf Pro Tarns c S'. ; 211 ilfi.OD
Ppaerr}}yy 245;400.00
I Pil11ICfTy E, i•RO14%T1o i FUND: ' •'. ; , :: • ..,•, ,
d.tS! ..... Gana
Sanaral Pro IrFFyy Tans. .
IOND INTEREST & SIHRIN#5 FUND i25,>t47A0 '.• 1.154,DDD.00'
Sworn to and subscribed before we ( IIREAtENi PENSION FUND .; "2tlT,t7lJV' . 214,470.00 276,218,0`..
tttls.... 2 } ...day ot.. ?N.t k'RLl? I'.. X D. l0. b : ,i f } /5,17: '-','•:, i
MARINA FUND j 25,I03,00 , 42,144.00 '
?. UTILITY RIND' ; t i 4 %il ,E47? 7943:;' `-'2,143.904.00 l,T26.C0' 401T9.00
TOTAL ALL FUN11f
51?tc 2,467,100.00
i ?--?? •• ?ra? ?-?• of Florida .1t l_ars:o .5700[2.00 4,=OS,s7r.OD,
C mrnirrlan Expires ton. ;Ex?ItN?iii1R1[fti ' •,'
Banded by Arrieric'u1 Surely Cn. ul Pt. Y. CItl' L..:` • 146i.iT:-:.: !K Tld i!:
''`' • ' Commieion ,,•' `'.' 13;174.0/ ;?.' + ?' 13 6111.40
L#sniei sl [our! 13,660.00
i +ic?"L .al+ii:S;:i ,,,,sr '" ti•'ti,: Legal Dapar#Lnent., ?:i1N.01= t6.7S/.OD 22.734.00
%
7721
% C1v$l Servico 'i" .?t12,41I.?I. 37,T1/.OD
i ; t7,d2f,00 ' 6.00
t CIFy 14nnagar ,?' ,i34ATd.f/ 31626.00 14,007.00
F ` Cily' Clark
% l3.
l7 Y 41647,09
Finance Dapi .'i,• . L4 t. 20414.4
` rttaln
# ;, r D 22,:141.40
Supervision
3. 32 265.0
"•t "-?'.G:'.i. '`u' 'Licente-Dirfsion .tDja•42'' , D .=0.727.00
ti'° ii=' „_;, a3 .i!`'-'.i•:';3' . 2hf6;. '' .1.hIi7.00
T .
rtalury pirislon ll'S13AR
. s3 26z.DD .
Acsountint Dlrislop . 14 21 24,666.00
t r; " h ii:.`Yife't 7.00, .17043.00
Y-,• tr ,';: 't , .'i Purc asin Diritroa• 17041.40
114&.91
;i;. Taal (Yoesee Dtprfrn2tsaf ;;.,.:•1-' `.'; Or.U; 4,479.00 1070/.00
6sngfa) 44.444.00 gutfift@
0,61. 901117.00
;:t " : r €'' s „'• ttS b#eriLbsrrhTps:: i r: ~ "r:.f 'IO 44 124.00. .
4i1`'•yk^`' ? µa` ?''". i. g Ci#y Ball 'i j+ : :t:, . 2.15'_:T. 7rT65.00 :3220.00:.
Warehouse /4a.00 ' ' 31,340.00
;,.rr '<?,•:E,i4' ;r, Cotnmunlealiens
?f rt::•J, i, ='tr :: `'{'a Ct L 2575100
2235!,.4.0
"r .?or., ' + s• "•' is t ' ?,; ;'• #y'Cpde 0.A r
Plan 5#udy'
Pension `. , 0 0 ! OOQDO
Salary Adj. ? r . •!'`:'.,. }; ,'?<!i,?.,.;, O0 .00 0
?'?; "??;'l;.i tT•• :.1"•Yt• ':,t.':.;v,. ';: :'i.:.i -i. "+'. .t' ?'i1`-•; ?`r,'r R•4J?7dirD0 101U4I 00
. t `'" ?'t: tom, a',° =- - s•; Total 4aitelal'
a:i L_ ,;,. ;?sTe'` .?t:• '''.R:. :';u". ;' ;:• 3't,,i' i.. r 233,61!.00,. .263.4n,at
'.?,• c3 fi .t?iez:• ':?-'; =;.i t 1olTei DePartmantl
+".:Y- I'Y +?'°•?,''n'd'i ^1, ;?-1. ":z:J:,$.?•4; '. s' :.r'- ;:•r• . ?, .{,S: t ?:Lr .,ii' 'n ..f
f?,".,?tii? 1 ,,t? ?? 7. .w*• fi:i.t..= ~`' r?,i : C' '.'J. Supe t ..5 'd •7 ` , 3,
rrhfon
?'e-"'r?< ? ,? r?Ttaw ;?.: 1'l, ,7.r.=<''•.' '"i' t'i'' t? ;<;,', , 0 ra6 = 71.T2l.DO , 7i 244.00
s.. •,. ,I"j. . },,: _ ;r. .a. L Inset#T atloni Dl stew + Fr
t .' z .} «,C{;-. s15.' + •t 4 ri ,.• t? a
6.44 .74 i17 .OD 7 514.40
I',C „x •t,2 :C? .•T .. art '?A••'?' •rP' 'i. - - ?Tei(1Ta•Difxltie t,
2 1 of • • i. r ~'' a h' r.. "t, r ?•, ' I.t "
r. s??= =•?LR::: e?;, ,'''; 'sue z; s"• :.i t .1 692/
2i.;'3 637 I7S,00, •,1407!1.00
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?.; ';,• ; , :";. ; ' ' A RESOLUTION OF THE CITY COMMISSION OF
THE CITY OF CLEARWATER, FLORIDA, AWARDING
$1,100,000 UTILITY REVENUE CERTIFICATES,
SERIES OF 1962.
RESOLUTION NO. 62-106
WHEREAS, pursuant to notice heretofore duly published for the sale of
;.,,':::''•. „ $1,100,000 Utility Revenue Certificates, Series of 1952, dated August 1, 19620 the
following sealed proposals have been received:
The proposal of Leady, Wheeler & Alleman, Inc., offering to pay the sum
of One Million Seventy-eight Thousand One Hundred Thirty-seven and 501100 Dollars
($1,078,137.50), together with accrued interest from the date of said Certificates
t° "`''+•'` i to the date of delivery thereof, for said Certificates bearing interest at the rate
of three and three-fourths per centum (3 3/4%) per annum on the Certificates maturing
3:?•, in the years 1964 to 1970, inclusive; at the rate of three per centum (3%) per annum
on the Certificates maturing in the years 1971 to 1973, inclusive; at the rate of
three and one-tenth per centum (3.1%) per annum on the Certificates maturing in the
years 1971 to 1977, inclusive at the rate of three and two-tenths per centum
-..r;r~ `ik} i}.;=r;•'i'' (3.2%) Per annum on the Certificates maturing in the years 197$ to 1983, inclusive; and
t'! "fwd ass:: ?.'a'• 4': ; 'I' at the rate of one per centum (1%) per annum on the (certificates maturing in the year
1984, being a net interest cost of $449,935-00.
The proposal of Blyth & Co., Inc., offering to pay the sum of One Million
Ninety-seven Thousand Four Hundred Thirty-nine and 97/100 Dollars ($1,097,439.97),
" ??'.:,5•,.'4 1, _ t?'.'? iJPS'. d'-' l? :?At, ,'l ? F
together with accrued interest from the date of said Certificates to the date of
•...''r `%'=s ~ ;`''Fi?: '?''° :,'} delivery thereof, for said Certificates bearing interest at the rate of three pe
`•.;?;°'}???}ts t?,}k ? j ? ,t° :; :?s;;?' r
?'xaa? r?}xL
a?
i
centum (3%) per annum on the Certificates maturing in the years 1964 to 1977, inclu-
sive; and at the rate of three and two-tenths per centum (3.26) per annum on the
Certificates maturing in the years 1978 to 1984, inclusive, being a net interest cost
of $450,3'80.03.
The proposal of Shields & Company, offering to pay the sum of One Million
Eighty-nine Thousand Two Hundred Thirty-one and no/100 Dollars ($1,089,231), together
with accrued interest from the date of said Certificates to the date of delivery
thereof, for said Certificates bearing interest at the rate of two and one-half per
centum (2 1/2%) per annum on the Certificates maturing in the years 1964 to 1968,
inclusive; at the rate of two and three-fourthsper centum (2 3/4%) per annum on the
Certificates maturing in the years 1969 to 1971, inclusive; at the rate of three per
centum (3%) per annum on the Certificates maturing in the years 1972 to 1976, inclu-
sive; at the rate of three and one-tenth per centum (3.1%) per annum on the
•Reso.- #62-106
1.
9-26-62
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t$?? ?.:;4+t?;.f 1.: '•,i t-: .,F.•.r.t' '.'.?',?`.7,-i _?;.',?'••', ., ?.;:.?!t?;, r.-va
E .''aT??ry?s°,?'t[:tq"t>°y:-?;. ???. ;E'r` ,r •. *' ?:?• _ :,-,?•;• »?v„t,+,..
.?, .6 •. .0:? ?tn.,. ., ?•. Iii ,?
er!lfSi 4:, :}?'?ct, lai°a,„s.°t„ _ ? -•. ?:dT!;fi m.r+,?...,,1.... .. ....,...-,..-..... v. ...... ... .. ..... .?, .., r.+a u.. ,, _,:r:./OS,• ''°? 'l .L•
r• ? .? _^'•yf. .. + ?"??YJ'ciMb.Y :'F?eRR+'I?V :.?,.'.?a..ax r.. - u. 1'a,il.....4+,.h
j ;
;.;.• t.°'-%jr'?:` _' .. Certificates maturing in the years 1977 and 1970; at the rate of three and tvo-
.
-t,,''°' tenths per oantum (3.2%) per annum on the Certificaten maturing In the years 1979
.'`. •5 .y ..' '." ' . and 1980; and at the rate of three and one-fourth per eantum (3 1/4%) per annum on
;,{1•< ;tl'•,s. _ the Certificates maturing in the years 1981 to 198h, inclusive, being a not interest;
cost of $45h,U6.50.
The proposal of Goodbody & Co., offering to pay the sum of One Million
Eighty-five Thousand 51x Hundred Twenty-three and no/100 Dollars ($1,085,623.00),
-F ;:'rr-•=', . j together with accrued interest from the date of said Certificates to the date of
,
j delivery thereof, for said Certificates bearing interest at the rate of two and one-
,
,,tr?•;;=-,
'';;'>',";;-"!?::: .' half per centum (2 1/2%) per annum on the Certificates maturing in the years 1964
?
py:r?:•3?:L?r
s ,
to 1968, inclusive; at the rate of two and three-fourths per centum (2 3A%) per
} I'
!?•;;'?`S'': `•' t'. '• annum on the Certificates maturing in the years 1969 to 1971, inclusive; at the rate
of two and nine-tenths per centum (2.9%) per annum on the Certificates maturing in
'
c s?'y?.f
ins.:''15y''?rn',:•,'.,'µ,`.e ..
the years 1972 to 1974, Inclusive; at the rats of three per centum (3%) per annum
on the Certificates maturing in the years 1975 tnd 1976; at the rate of three and
i, .t j;
's ..,
:;;r,LLL,•; one-tenth per centum (3.1%) per annum on the Certificates maturing in the years 2977
4
-
j"= and 1976 at the rate of three and two-tenths per centum (3.2%) per annum on the
Certificates maturing in the years 1979 and 1980; and at the rate of three and one-
'
(3 1/4%) Per annum an the Certificates maturing in the years 1981
per centum
fourth
to 1984, inclusive, being a not interest cost of $456,174.50.
, 4' ;';'
?• C •e4.f ;;•5?;``;F.`„`F`•r;'?; f_? The proposal of Merrill Lynch, Fierce, Fenner lIt Sndth, Inc., offering to
.
't?':,.
v
"?i;•?, ,,':?, ?.,; gay the sum of One Million Eighty-nine Thousand Ninety-nine and no/100 Dollars
P
;
r,''•a {a"v?l, t<'i=Yi`:,'n. iV i°''° `"j, ?r•1--' 'i ,.
($1,089,099.00), together with accrued interest from the date of said Certificates to
for said Certificates bearing interest at the rata of
the date of delivery thereat
,
?• ,: ; ,`i.;, ,.• :.'w .. ,, three per centum (3%) Per annum on the a Certificates maturing in the years 1964 to
?.'Yf.,'?w SIt?,Sh?.L•'.•.2J `?'',•'•r? q•. 4`?f tF. •
19(5, inclusive; at the rats of three and one-tenth per centum (3.10) per annum on
?y ;F3'i s?, s
?>•,:.?, .,;? , the Certificates maturing in the years 1976 to 1978, inclusive; and at the rate of
three and one-fourth per centum (3 1/h%) per annum on the Certificates maturing in
the years 1979 to 1984, inclusive, being a net interest cost of $463,131.00.
The proposal of Phelps, Fenn & Co., offering to pay the sum of One Million
a+ T'trW'` Seventy-'eight Thousand One Hundred Twenty-four and 301100 Dollars ($1,078,124.30),
,7l together with accrued interest from the date of said Certificates to the date of
delivery thereof, for said Certificates bearing interest at the r6te of six per
' r centum (6%) per annum on the Certificates maturing in the years 1964 to 1971, inclu-
sive; at the rate of five and one-fourth per centum (5 1/4%) per annum on the
r certificates maturing in the year:.1972; at the rate of three and one-fourth per
Resa., 62-106
I
- 2 -
9.-26-62
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4AI
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, i •s,5 ,+,
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"R'Y, 1?nZ`ii•"•;<?:(!?? '? 12'ti i ..0., :i R ' r . - .. .. ' ?t .. `ti ' , ?° e t :: _,
'a;ir?-b,i _ f .. :a)) • . r y'r.'1,'.
irc?'?'r,',:ly?f'1,1 ,,-,,....... ,.? ......_. , ..». w.r-.. •..-r,...,«n..r,.,.:n,.+£s.n...kY.,.,«rf..wrcEw:.:.,:.?«..,.. - .. -. .w.. .. i ... A,:L
Wait, G aLrl, 1aV?'•\ •.1?
eontum 0 1/h%) per annum on the Certificates maturing in the years 1973 to 1979,
1,:.,:•: inclusive; at the rate of three and three-tenths per oentum (3.3%) par hnnum on'
the Certificates maturing in the years 1980 to 1962, inclusive; and at the rate
of one-fourth per oentum (1/4) per annum an the Certificates maturing in the years
1983 and 1981, being a net interest cost of $463,796.20.
The proposal of William R. llovgh & Co., offering to pay the sum of One
Million Eighty-one Thousand Ono Hundred and no/100 Dollars ($1,081,100.00), together
with accrued interest from the date of said Certificates to the date of delivery,
tthereof, for said Certificates bearing interest at the rate of two and three-fourths
'tpar annum on the Certificates maturing in the years 1964 to 1975,
per centum (2 314) inclusive; and at the rate of three and one-fourth per cantors 0 1/4%) per annum on
the Certificates maturing in the years 1976 to 1984, inclusive, being a not interest
{(f'` 1b,' `,: cost of $464,325.00.
The proposal of R. S. Dickson & Company, Inc., offering to pay the sum of
one Million Eighty-three Thousand Eight Hundred Eight and no/100 Dollars ($1,083,808.00),
together with accrued-interest from the date of said Certificates to the date of
Certificates bearing interest at the rate of tvo and one-
,:,,; ?r, delivery thereof, for said fourth per centum (2 1/4%) per annum on the .:ertificates maturing in the years ],964
' ` t ' ; f'f - , +le? ? ;• i:zT ° w ' a to 1966, inclusive; at the rate of two and one-half per centum (2 1/2%) per annum
' 1,'. a .r .•'.
tes motoring in the years 1957 to 1969, inclusive; at the rate of
';:;;;?t•I?;?;::?,?,?;????}-;?";?,?'S .-, ;,.
on the Certi.fica
r?ir7i :J'??',?'1 ?t?{? li?t' T..?•'7,rw, J`, .; ;kw ,;;_- e.
two and three-fourths per centum (2 31h%) per annum on the Certificates maturing in
i iJ.' d?•
'9 •.r l
the years 1970 and 1971; at the rate of three per centum (3%) per annum on the
Certificates maturing in the years 1972 to 1975, inclusive; at the rate of three and
two-tenths per centum (3.2%) per annum on the Certificates maturing in the years
1976 to 1979, inclusive; and at the rate of three and three-tenths per centum. (3.3%)
per annum on the Certificates maturing in the years 1980 to 1984, inclusive, being
a net interest cost of $465,062.00.
The proposal of Kidder, Peabody & Co., offering,to pay the sum of One
Million Eighty-four Thousand Seven Hundred Ten and no/100 Dollars ($1,08h,710.00),
together with accrued interest from the date of said Certificates to the date of
delivery thereof, for said Certificates bearing interest at the rate of two and
one-half per centum (2 1/2%) per annum on the Certificates maturing in the years
1964 to 1968, inclusive; at the rate of two and three-fourths per centun (2 3/4%)
par annum on the Certificates maturing in the years 1969 and 1970; at tho rate of
three per centum (3%) per annum on the Certificates maturing in the years 1971 to
Reso. 062-106 _ 3 _ 9-26'-62
r
:
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y
rAR41 ??vyktF%ft !!• .y:s. ;; ;:5''k;+. 'ets;,f1F,
71
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,'s?' r.L Yk a .?? r '',r .5.,. . f:.. ..4 a;cifr'>:". ,?•:. ,c f
(r s 'i d,.?fa'. .,r?°:`h •S? ,-I'?^r.,r r .,r•? ., .: [. '+ •l ,i,''.•1 ',: ,t, 'w`f. 'w+ •rs •,.' 4'yr
S' d Y4`5. Rj' 7,.k's ,.ts ,} ; y.. •.{ 1 " f 4 ;:. ^,N :1` „ ' r. {24-`i'C., S.
t ,1? yyyy,, /a j'; "i' •,3: 'f' - ' d° °Y `' q 'I? „?`,:d w ? , f,1Y?:. t
1 s' 4 eS,?;a .,t?Y•i: °4`dr'?_'c,?' .r.i,< .. .f, ,t.: .r i. ,k`' j,.t'a .?`:
?Ty,'.}J. li,
r.l1) 4°..?kl,?k. <.?, ai?:+.,: r •r''.J: 'S:' ,! .. ;•y,•.,, .®aIN'' .S'E' y'.'t' •!•x,ig.Y. ,?f'i
S ,? 1?,.?` f{, IC• Yt' •.1`\ ;` -.', f., rIR.b1
( 14 . r 'f,' ,?'['. .'.w.. r .! . •re,.- f. ?„ .,,., ..._. .. .r,. r..,. ., ,r S .... .. M,w.d..h hs
Sb ?t= u??» _. .' . 3 r•w...lT7rriRiakN31k7JF.', ?.'sareSUW#'h.w:.....:.'••± • . , `.i •.. - ..,.r: :;5...:
?..,•,; +r I ,5?', r „ i;'. . ' f - 1971, inclusive j at the rate of three and one-tenth per nentum (3.1%) par annum on
the Certificates maturing in the years 1975 to 1977, inclusive; at the rato of three
and ono-fourth par contum (3 1/h%) per annum on the Certificates maturing in the
t '
yearn 1978 to 1980, inalueivo; and at the rato•of three and three-tenths per contum
F. ',,`?:IT'':f.:',"•'?;,,: + 1 (3.3%) per annum on the Certificates maturing in the yoa,PD 1981 to 1904, i6oluaive,
being a net interest coat or $466,07.50.
'n-!5':' ' The proposal of F. Sr Smithere & Co. offering to a the sum of One Million
'R Eighty-one Thousand Two Hundred Fifty-six and no/100 Dollars ($1,081,256.00), together
.;,.: with accrued interest from the date of said Certificates to the date of delivery
thereof, for said Certificates bearing interest at the rate of two and three-fourths
r arF?r-„ 1 per centum (2 3/4%) per annum on the Certificates maturing in the years 1964 to 1972
• "? ''°'' ;; " inclusive; at the rate of three per centum {3K) per annum on the Certificates matur-
t'' s1," '? b ing in the years 1973 to 1976, inclusive; and at the rate of three and one-fourth
t".4 ,l•,a';,"(rs_ .ms's,., - _.
per centum (3 1/4t) per annum on the Certificates naturing in the years 1977 to
1984, inClusive7 being a net interest cost of $466,74L.00.
.,
The proposal of Halsey, Stuart de Co., Inc.,' offering to pay the sum of
One Million Eighty-seven Thousand Two Hundred Seven and no/100 Dollars ($1,087,207.00),
together with
•??='r; •'-?'=;r• •:` -' ? ;,.;, '',:•"• :'I? accrued interest from the date of said Certificates to the date of
delivery thereof, for said Certificates bearing interest at the rate of two and
,,• ?. ,:,: ,,, ,,,, ,, i,.,_:;,; ; ;-- ' '
f;
one-half per contum (2 1/2,x) Per annum on the Certificates maturing in the years
196h to 1969> inclusive; h at the rate of two and three-(curt
s per centum (2 3A?)
t, Y,.
? S Y7 'sly;
A.
per annum on the Certificates maturing in the years 1.970 and 1971; at the rate of three per centum. (3%) per annum on the Certificates maturing in the years 1972 to ;
f: ' "'• 1975, inclusive at the rate of three and two-tenths per centum
, s P (3.2%) per annum :.• P
t ? [
f?;*;,?'"'?``' ?;,,..?,:,,.r•. .•,-i4,.V. ,E on the Certificates maturing in the years 1976 and 19773 at the rate of three and
_a;k'• `'':;:. ,.}? one-fourth per centum 1 per annum on the Certificates maturin° r-
?L ;;1?'.i:y ;'?;~:;?. > x•'? ? P (3 /??) P gin the years _,...
197$ to 1980, inclusive; at the rate of three and thirty-five hundred
tha per centum '.••-•'•
t's" ; (3-35%) Per annum on the Certificates maturing in the years 1981 and 1982; and at
the rate of three and four-tenths per centum (3.4%) per annum on the Certificates 41
I:f
maturing in the years 1983 and 1984, being a net interest cost of $467,263-00.
•? ',; 3 ` The proposal of Stubbs, Watkins & Lombardo, Inc., offering to pay the
A4w. '' sum of One Million Eighty-five Thousand Four Hundred Eighty and no/100 Dollars
r ($1,065,480.00), together with accrued interest from the date of said Certificates
to the date of delivery thereof, for said Certificates bearing interest at the rate tt-?
of three per centum (3%) per annum on the Certificates maturing in the years 1964
to 1973, inclusive; at the rate of three and one-fourth per centum (3.1/4%) per .s
Reso. #62-•106 9-26-62
'
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i'*: '*£. ?r .:Fg°i'a: ?') a-.?t.i ,,l•; ,,,s.^ , .. - .. 'r-.t'.r :1/?E'?.?;`? ('+Yt?
.?., yam' .?? .it, . 'b .R r.l„a. j} h.t•??yL?ir
' ?"?Y ?i?'>,t:: 1'.• '6.`' \i 1 - i ,. .?"+ ' ??"e I. "<?''._ h 1?rr" . w;ji.
r .?f •i ? r17r .I .. Yp ?? .,t.l'Iarr£•6
.'SLa. .•??:qrz':+-C'F.,•r?%:.r?`' ?° ;tIT'?.-;...a.w.. ., .._,,.,,. ?::.r..:i.ti:'?'.::.._s.,.._:.'r.. ." 'd'?ii'.•:
? '??.F'S?t la ,r;)n.?, ;!: , .t • 1- .r ,, :1'..+,, r.e>•r::^.a,.t_R.t.4.v:9,.?F3`u,.l»4-,-.:;SxS?'r'Tt4P.3aR,.,"Y+S,.t'.dara'inw.?`.''.°„ ,......,. ..?-. vtr....r..IL
?' "ref- ;r?'???i•-. „., - , ;
: {} a%r s ';'„? annum an the Certificates maturing in the years 1974 to 1977, in&sive j and at -the
rate of three and three-eighths per centum (3 318%) per annum on the Certificates
" ?1_f ,r"';=?•' maturing in the years 1978 to 1984, inclusive being a net interest coat of $04045.00.
Tho proposal of James F. Magurno & Co., offering to pay the sum of One
Billion 5oventy-nine Thousand Eight Hundred and no/100 Dollars ($1,079,800.00),
i• ' <=. 'ii ;'' ` together with accrued interest from the date of said Certificates to the date of
delivery thereof, for said Certificates bearing interest at the rates of two per
centum (2%); two and two tenths per centum (2.2;x); two and four'-tenths per centum
Ip ''.F'+?7t••» -r:+ i (2.4%) j two and one-half per centum (2 1/2%); two and six-tenths per centum (2.6%),
:'1`. two and seven--tenths per eontum (2.7%); two and eight-tenths per centum (2.$%)3
two and nine-tenths per centum (2.9%); three per centum DO; three and five hundredths
per centum (3.05%); three and one-tenth per centum (3.1%); three and fifteen hundredths
per centum (3.15%); three and two-tenths per centum (3.2%); three and three-tenths
per centum (3.3%)) three and thirty-five hundredths per centum (3.35%); three and
i; four-tenths per centum. (3.h%); three and forty-five hundredths per centum (3.45%);
3 r ?A1jj? t, 7 three and five-tentha per centum (3.5%); three and fifty-five hundredths per centum
(3.550; three and sax-tenths per centum (3.6%); and three and sixty-five hundredths
per centum (3.650 per annum, consecutively, in each of the years 1964 to 1984,
i?'•"7r_:-'Y,• '» x,. ,',,r,'°' r inclusive, being a net interest cost of $493,930.00.
WHEREAS the proposal of Lee Wheeler & Alleman Inc . referred to in
t u,?:,a,,;ti?.i•,';; ;;, q • ' .i r' r:'a' the preambles hereof, is the highest and most advantageous of said bids and, in all
:';L" ';'
?' _rFI:I'`-iti,- •; '
other respects, complies with said Notice of Sale; now therefore,
K'j}5 p"'+ar.a ?• ` <:= '' BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF 01FARWATER FLOR31A:
LCD Y'.i l'•s:?`fR?..7`. "?''y•.,? ;:??.,. )i`<•.
'' : ° r '',.:::t;?=•;s- _ ".: ;1;4 Section 1. That the proposal of Leedy, Wheeler & Alleman, Inc., referred
"'as
to in the preambles hereof, be and the same is hereby accepted, and the following
described Certificates of the City of Clearwater, Florida, be and they are hereby
awarded and sold to the said purchaser referred to in the preamble; hereof.
$1,100,000 - Utility Revenue Certificates, Series of 1962, dated
August 1, 1962, numbered 1 to 1,100, inclusive, in the
denomination of $1,000 each, bearing interest and
maturing on August 1 in the years and amounts as follows:
Interest Rate Interest Rate
Year Amount Per Annum Year Amount Per Annum
1962 $40,000 3.75 % 1975 $50,000 3.10 %
1965 40,000 1976 55,000 3-?n
1966 140,000 , s 1977 55.00o A
1967
40,000
3_75 -?
1978
60,000 .
-1
1968 45,000 3" 75 $ 1979 6o,ooo ?0 76
3 2
1969 45,000 3.75 % 1980 60,000 •
3.20 _- ?6
1970 45,000 1-75
w 1981 60,000 1Q -- %
1971 50,000 -4 on 70 1982 65, 000 3. 2 0 %
1972 50,000 3-00 1983 70, 000 3. ZO 75
1973 50,000 ,- 3. 00 1981 70,000 1.00
197+ 50,000
Reso. #62-206 - 5 - 9-26-62
1
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t',t , ..?.. -• -•^f. _ ?.?.-t<•. : 1• rat • fis, ?e 1";' `.;'r;y wr?H.rt, tc''. . _ -?... .
:;s'?`.ys}: ;i: _ l•?i,"s_ q«.' ,';?r'? ?'g,.p;^;y •,,sr's??r(:::F ;?.,.?,gg,, ;i:l ?. .;.,. ;4•.. liy't•'att;`?1 ,?'"a ''? ?'? ••,? e:
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:i-,',`?.,•FY.s :'.?i 'i?,1t; .. ?'.: %?' '?' "• '?,-1•f r:-t.,'. }rS'•,?'`i ?q. ?','?';,:°:?, ti.. ip}? t. ?:.{:'?R'4J1 i ,?.5
'?e;:? 4''.`.'FS'•:'a"S . ' Y•?+:'?`S` ? V? i.." a'` ,;A :•• ' 1:`' ? S , •??,' ,•,'r k {, . $"`" F::., ?., + .rv '?.,?.? ?"f?'.?.,+ .?" : ,s .y? "f:?: ? ; .?R ? ?y`?ytP'
<. ?',. !••_ v7- •.•: , t, . 1 r ??.?5:•r. ?,- t rr;;` s tw.r+?a' u; ^77? fem. ? i
"`iqC t:? ?_ ....a ,?:' 5?q.:'` '. ?'''?'q..r.'.:1'.`.: t:v y,. ry.-• ? (? .? . ' .. ? ?!'.a
r??k?,,'p"•t:r«if'+?•4`''J?l),f-^ 'k?'i';f7?i.•i'.??•.'-:,.s•'I..S':;':,?a? aj•<'.'?;.P, ,,,yy y•z•.
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Section 2. That the,proper Officers of the City bey and they are, hereby
authorized and directed to execute aei.d Certificates when prepared and to deliver
same to said purchaaer upon payment of the purchase price pursuant to the conditions
stated in the notice of sale without further authority from this Commission.
Section 3. That the City Clerk be and he is hereby authorized and directed
to return forthwith the good faith checks of all unsuccessful bidders.
Section 4. This resolution shall take effect immediately.
PASSED AND ADOPTED this 26th day of September, A. D. 1962.
Atte s t:
GG' atfl?
City Clerk
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Res o.' #62'-106 _ 6 - ? 9-2b-62 '
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