1961/04/12
n
u
4776
Cit ornia
The City Council 0 the City of Anaheim met in Adjourned Regular Session.
PRESENT :
ABSENT :
COUNC I LMEN:
CooNCI LMAN:
SECURI
interest to date
ing interest paya
at the rates of:
Rate
~
3.60.%
1. %
n
I'
~"....
UNITED
Incorporated -
Pressprich & Co.
Braun, Bosworth &
Company, Incorpor
Parker, Eisen, Wa
corporated - J. A
delivery and a p~
annually the firs
Rate
3374%
3 1/4%
3 1/2%
3 3/4%
BANK OF
par value MUNICI
accrued interest
bearing interest
at the rates of:
Rate
3374%
3%
3 1/2%
3 3/4%
Q
For thEe
BONDS, 1961, bid
$169.00 for bonds
annually thereaft
Rate
3374%
3 %
3 1/2%
3 3/4%
andler, Fry, Thompson and Schutte.
ons.
tte called the meeting to order.
,
I
I This being the time and place fixed for the opening
a~,ooo bonds of the City of Anaheim, California,
I)I)ROVEMENT BONDS EIB:TION 1960 SERIES B, and
, inclusive and for the 1,400;000 bonds of the City
ia, designated PARK ACqUISITION AND IMPROVEMENT BONDS,
il to 1,400, inclusive, the following bids received
I.ce of sale were publicly opened, examined and re~d:
IRST NATIONAL BANK and Associates, bid par, accrued
! delivery and a premium of $3,611.00 for bonds bear-
~ annually the first year and semiannually thereafter
Years
1962 to 1.966
1967 to 1980
1981
LIFORNIA BANK - Manager, Harriman Ripley & Co.,
,Weld & Co. - Salomon Brothers & Hutzler - R. W.
E. F. Hutton & Co., Incorporated - Baxter & Company -
., Incorporated -Taylor and Company - The Illinois
ed - Stern Brothers & Co. - Foster R Marshall -
kerle, Adams & Purcell, Inc. - J. M. Dain & Co., 1n-
IOverton R Co, bid par, accrued interest to date of
iurn of $2,301.00 for bonds bearing interest payable
iyear and semiannually thereafter at the rates of:
, Years
1962 to 1966
1967 to 1972
1973 to 1976
1977 to 1981
for the $1,785,000
SERIES B, bid par,
of delivery and a premium of $200.00 for bonds
annually the first year and semiannually thereafter
Years
1962 to 1966
1967 to 1970
1971 to 1978
1979 to 1981
*1,400,000 par value PARK ACQUIS.ITION AND IM>ROVEAIINT
.r, accrued interest to date of delivery and a premium of
~earing interest payable annually the first year and semi-
* at the rates of:
Years
1962 to 1966
1967 to 1970
1971 to 1978
1979 to 1981
FIRST TERN BANK & TRUST COMPANY & ASSOCIATES: First-Western
Bank R Trust Com. y, Manager - Kidder, Peabody & Company - First of
Michigan Corporat n - Schwabacker & Company - Dominick & Dominick -
Goodbody & Compam j- Francis I. duPont R Company - Ira Haupt & Company -
Hill Richards & C +pany - Commerce Trust Company - National Bank of
Commerce of Seatt ~ - National Bank of Washington - Bruch, Slocumb &
Company, Inc., fo the $1,785,000 MUNICIPAL IMPROVEMENT BONDS, ELECTION
4777
Cit
10.00 A.M.
1960, SERIES B, bid par, a 4rued interest to date of delivery and a pra-
miumof $~,900.00 for bond Ibearing interest payable annually the first
y@ar'and semiannually the~ 4fter at the rates of:
Rate Years'
~ 1962 t
3 3/4% 1972 t
1 % 19BO t
Each bid was ace
not less than $95,550.00.
good faith check in an amount
For the $1,400,000
~. bid par, acct
~275.00 for bond
year and ...iannually thet
B!i! Years
~ 196~ t
3 3/4% 1972 t
1 % 1980 t
ar value P~d.S1TIOH ~NDI""ROVEMEHT
d interest to d' t"' 'of deliVery and a pre-
bearing interest piyable annually the first
fter at the rates Qf:
, All bids were tij .~ referred to Beatrice Miller, Finance
Direc.tor for checking and . mputation, a report thereon to be given to
the Council later in this eting, on motion by Councilman Thompson,
secolded by Councilman Fry ! MOTION CARRIED.
The committee ap
bond. for which bids were
porttd tihat the bid of Se
the Did yielding the lowe
inted to check and compute the bids on the
ened previously during this meeting re-
it First Nat onal Bank and Associates is
net interest cost.
RlSO~TION NO. 68181 Afte iconsidering the various bids and the report
therien, it was moved by C .l'ncilman Thompson, seconded by Councilman
Fry, that Resolution No.6 8, entitled "RESOLUTION OF THe CITY COUrcIL
OF THE CITY OF ANAHEIM AW ..100 $1,785,000 BONDS OF SAID CITY TO THe BEST
BIDDIR AND REJECTIoo ALL 0 ,ER BIDS", be adopted.
AYES,
NOES I
ABSENT:
Chandler, Fry, Thompson and Schutte.
None.
Coons.
said Resolution
. 6818 was declared adopted.
RJSOiPTION NO. 6819, Afte
tKerlbn, it was moved by C
that Resolution No. 6819,
THE CITY OF ANAHEIM AWARDI ,
BIDDIR AND REJECTING ALL 0
considering the various bids and the report
ncilman Chandler, seconded by Councilman '~ry,
titled "RESOLUTION OF THE CITY COUtl:IL OF
$1,400,000 BONDS OF SAID CITY TO THEBES!
ER BIDS," be adopted.
Upon the
AYES:
NOES:
ABS ENT:
Chandl er, Fry, Thompson and Schutte'.
None.
Coons.
said Resolution q. 6819 was declared adopted.
CITY PLA 100 COMMISSION RESOL ONS NOS. 214 215 and 216 SERIES 1960-6
Discussion was 11 d by the City Council regarding the additon
of Section 18.64.020 (l-E) ';nd Section 18.64.020 (4-G) and amendments to
Section 18.20.030 (d-5) an .jSection 18.24.030 (5), as recommended by the
City Planning Commission p*suant to their Resolutions Nos. 214, 215 and
216, Series 1960-61, and t Et City Clerk was requested to sch~dule said
recolllnendations for publicijearing, on motion by Councilman Chandler,
seconded by Councilman Fry ; MOTION CARRIED.
ADJOURNED. Councilman Fry move
motion.
Counci lman Chandler s'econded the
,
City Clerk
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