1962/02/285519
City Hall~ Anaheim~ California - COUNCIL MINUTES - February 27~ 1962~ 3:00 P.M.
TRACT MAP NO. 3370: Plans to re-subdivide Lots 2 through 23, inclusive, to allow
for larger development, was called to the attention of the City Council. It
was reported that sa:d plans were to be considered by the City Planning Com-
mission March 5, 1962. In the interest of time, re-subdivision of said
Tract No. 3370 was ordered to be scheduled for City Council action March 6,
1962.
ADJOURNMENT: Councilman Coons moved to adjourn to February 28, 1962, 10:00
A.M., and also moved waiver of further notice of said adjournment. Oouncil-
man Fry seconded the motion° MOTION UNANIMOUSLY CARRIED.
ADJOURNED: 11:30 P.M.
City Clerk
City Hall~ Anaheim~ California - COUNCIL MINUTES - February 28~ 1962~ 10:00
The City Council of the Clty of Anaheim met in adjourned regular
session on the 28%h day of Februar¥~ 1962o [he meeting was called to order
at 1~'
~.00 A,Mo by Mayor Schutteo
PRESENT: COUNCILMEN: Ohandler~ Coons~ Fry, Thompson and Schutte.
ABSENT: COUNCILMEN: None.
SALE OF MUNICIPAL BONDS: This being the time and place fixed for the opening
of bids for $2,215,000o00 Bonds, designated Municipal Improvement Bonds,
Election 19607 Series C, the followlng bids received pursuant to the notice
of sale were publicly opened~ examined and read:
Unlted States National Bank of San Diego bid:
$2~215,000o00
$21,056o50 Premium,
and accrued interest to date of delivery for bonds bearing interest payable
annually the first year and semiannually thereafter at the rates of:
Rates Years
3o25
3°5o
3°75
From 1963 to 1972
1973 to 1977
1978 to 1982
Bank of America National Trust and Savings Association and Assoc-
iates bid:
$2~215,000~00
$699~00 Premium~
and accrued interest to date of delivery for bonds bearing interest payable
annually the first year and semiannually thereafter at the rates of:
Rates Years
From !967, to 1.965
19{,{ ~o i975
1'776 Lo [982
5520
City Hall, Anaheim, California - COUNCIL MINUTES - February 28~ 1962~ 10:00 A.M.
Security First National Bank and associates bid:
$2,215,000o00
$1,891.00 Premium,
and accrued interest rate of delivery for bonds bearing interest payable
annually the first year and semiannually thereafter at the rates of:
Rates Years
3.40 % From 1963 to 1967
3 % 1968 to 1976
3~ % 1977 to 1980
3.40 % 1981 to 1982
First Western Bank and Trust Company and Associates
First Western Bank & Trust Company
Kidder, Peabody & Company
First of Michigan Corporation
Schwabacher & Company
Dominick & Dominick
Goodbody & Company
Francis Io du Pont & Company
Ira Haupt & Company
Hill Richards g Company
Commerce /rust Company
National Bank of Commerce of Seattle
National Bank of Washington
Brush, Slocumb & Company, Inc.
Coughlin and Company, Inc.
bid:
$2,215,000.00,
and accrued interest rate of delivery for bonds bearing interest payable
annually the first year and semiannually thereafter at the rates of:
Rates Years
3035 %
From 1963 to 1968
1969 to 1975
1976 to 1980
1981 to 1982
Crocker-Anglo National Bank - Mgr.
Lehman Brothers
Bank of California
Schwabacher & Co.
Baxter & Co.
Sell&ten Miller & Co.
bld:
$2,21b,000.00
$1.00 Premium,
and accrued interest to date of delivery for bonds bearing interest payable
annually the first year and semiannually thereafter at the rates of:
5521
City Hall, Anaheim~ California - COUNCIL MINUT~-S - February 28~ 1962~ 10:00 A.M.
Rates Years
6~
1/10 of one per cent
From 1963 to 1968
1969 to 1981
1982
Continental Illinois National Bank and Trust Company of Chicago
The First National Bank of Chicago
B. 3. Van In&eh & Co., Inc.
First National Bank in St. Louis
bid:
$2,215,000.00
$187.39 Premium,
and accrued interest to date of delivery for bonds bearing interest payable
annually the first year and semiannually thereafter at the rates of:
Ra~es Years
3~
3.30 %
From 1963 to 1973
1974 to 1979
1980 to 1982
United California Bank - Manager
Harriman Ripley & Co., Incorporated
White, Weld & Co.
R. W. Pressprich & Co., Inc.
£. F. Hutton & Co., Incorporated
Braun, Bosworth & Co., Incorporated
Taylor and Company
The Illinois Company, Incorporated
Stern Brothers & Co.
3. A. Overton & Co.
Dempsey-Tegeler g Co.', Inc.
bid:
$2,215,000.00
$241.00 Premium,
and accrued interest to date of delivery for bonds bearing interest payable
annually the first year and semiannually thereafter a% the rates of:
Rates Years
3~ % From 1963 to 1967
3 % 1968 to 1976
3~ % 1977 to 1979
3.30 % 1980 to 1982
Each bid was accompanied by a good faith check in an amount not
less than $66,450.00.
Ali bids were then referred to Beatrice Miller, Finance Director,
for checking and computation, a report thereon to be given to the Council
later in this meeting, on motion by Councilman Coons, seconded by Councilman
Chandler, MOTION CARRIED.
5522
City Hall, Anaheim, California - COUNCIL MINUTES - February 28, 1962, 10:00 A.M.
The committee appointed to check and compute the bids on the bonds
for which bids were opened previously during this meeting reported that
the bid of United California Bank is the bid yielding the lowest net interest
cost:
RESOLU/ION NO. 62R-201: After considering the various bids and the report
thereon, it was moved by Councilman Thompson, seconded by Councilman Coons,
that Resolution No. 62R-201 entitled "RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ANAHEIM AWARDING $2,215,000 BONDS OF SAID CITY TO THE BEST BIDDER
AND REJECTING ALL OTHER BIDS," be adopted.
Upon the following vote:
AYES: COUNCILMEN:
NOES: COUNCILMEN:
ABSENT: COUNCILMEN:
Chandler, Coons, Fry, Thompson and Schutte.
None.
None.
said Resolution No. 62R-201 was declared adopted.
ADJOURN: Councilman Coons moved to adjourn. Councilman Thompson seconded the
motion. MOTION CARRIED.
ADJOURNED: 11:30 A.M.
City Clerk
City Hall, Anaheim, California - COUNCIL MINUTES - March 6, 1962, 3:00 P.M.
The City Council of the City of Anaheim met in regular session°
PRESENT:
ABSENT:
PRESENI:
COUNCILMEN: Chandler, Coons, Fry, Thompson and Schutte (entered
the meeting 3:15 P.M.)
COUNCILMEN: None.
CITY MANAGER: Keith A. Murdoch~
ASSISTANT CITY MANAGER: Robert Davis~
ASSISTANT CITY ATTORNEY: John Dawson~
CITY CLERK: Dene M. Williams.
CITY ENGINEER: James P~ Maddox.
DIRECTOR OF PUBLIC WORKS: Thornton Eo Piersallo
PLANNING DIRECTOR: Dick Reeseo
Mayor Pro Tem Fry called the meeting 'to order°
MINU/ES: Minutes of the City Council meeting of February 20~]f'~[~j2, were approved
on motion by Councilman Chandler, seconded by Councilman Fry. MO/ION
CARRIED.
REQUEST - PERMISSION TO USE PEARSON PARK: Communication dated February 7, 1962,
from Dr. William Townsend, President of Board of Trustees, Divine Science
Fellowship Church, requesting permission to hold Easter Sunrise Services
at the northwest corner of Pearson Park, Harbor Boulevard and Sycamore
Street, and also requesting permission to use facilities to cook their
breakfast after %he services, was submit%ed.
Councilman Chandler moved said request be granted, subject to
regulations of the Park and Recreation Department. Councilman Thompson
seconded the motion. MOTION CARRIED.