HomeMy WebLinkAbout1965-08-23 (Special) Meeting Minutes102
SPECIAL MEETING:
COUNCIL CHAMBERS
CITY OF ENGLEWOOD, COLORADO
AUGUST 23, 1965
The City Council of the City of Englewood, County of Arapahoe, State of
Colorado, met in special session on Monday, August 23, 1965, at 5:30 P.M. in ,the
council Chambers, City Hall.
The following Notice of Call was read by the City Clerk:
August 20, 1965
NOTICE OF CALL BY THE MAYOR
FOR SPECIAL SESSION OF THE CITY COUNCIL
MONDAY, AUGUST 23, 196.5 -5:30 P.M.
to award bid on City of Englewood, Colorado, General Obligation Refun~ing Water
Bonds. (Bids received at 2:00 P.M., Monday, August 23, 1965).
-Designation of alternate paying agent (shall be a National Bank or Trust
Company located in either New York City, New York or in Chicago, Illinois) for City
of Englewood, Colorado General Obligation Refunding Water Bonds.
To amend a bill for an ordinance for providing for the issuance by the City of
Englewood, Colorado, of its Negotiable Coupon Refunding Water Bonds, Series of 1965
in the principal amount of $4,845,000.
Notice and call is hereby given of a Special Session of the City Council to
be held on Monday, August 23, 1965, at 5:30 P.M. for the express purpose of discus-
sion and taking action on the issuance of General Obligation Water Bonding Refund.
/s/ STANLEY H. DIAL
City Manager
ACKNOWLEDGEMENT OF RECEIPT OF NOTICE
The following persons, all councilmen of the City of Englewood, Colorado, do
hereby acknowledge receipt of notice of the above special session.
/s/ Tymer Rice
/s/ Donald G. Fullerton
/s/ Geo. H. Allen
/s/ John c. Kreiling
/s/ Samuel L. Love
/s/ Wm. B. Hanson
The Mayor asked for roll call. Upon the call of the roll, the following persons
were present:
Councilmen Allen, Fullerton, Kreiling, Rice, Love.
Also Present: City Manager Dial,
Administrative Assistant Malone,
City Attorney Criswell,
City Clerk Chase.
Absent: Councilmen Braun, Hanson.
The Mayor declared a quorwn present.
The City Manager and Mr. Robert Gerwin, of Coughlin and Company, gave a report
on the General O~ligation Refunding Water Bond bids, by stating that two bids were
received. One bid from Stern Brothers that was received was not acceptable ;by the
bonding attorney, Tallmadge and Tallmadge. The other bid received was that of
Boettcher and Company and Associates which did contain a confirmation date to be
prior to noon Friday, August 27, 1965.
Councilman Hanson entered at 5:45 P.M.
RESOLUTION
WHEREAS, the City of Englewood has duly and properly advertised for bids for
$4,845,000 of its Refunding Water Bonds, Series 1965, dated September 1, 1965~ and
WHEREAS, bids were received, and, it appearing that the bid of Boettcher and
Company and Associates, is the highest and best bid for said Refunding Water Bonds,
Series 1965, the City Council has determined to award such Bonds to said bidder:
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ENGLEWOOD:
That the $4,845,000 of Refunding Water Bonds, Series 1965, dated September 1,
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Minutes of August 23, 1965
1965, heretofore offered for sale by said City, be, and the same are, hereby
awarded to Boettcher and Company, and Associates, the highest and best bidder
therefor, in substantial compliance with the terms and conditions of the Notice
of Sale, dated July 26, 1965, and including the details stated in the bid of said
Boettcher and Canpany, and Associates, as hereinbefore set forth at page 44.
RESOLUTION ADOPTED AND APPROVED AS of this 23rd day of August, 1965
Mayor
ATTEST:
COUNCILMAN ALLEN MOVED, COUNCILMAN FULLERTON SECONDED, THAT THE RESOLUTION
BE ADOPTED AND APPROVED. Upon the call of the roll, the vote resulted as follows:
Ayes: councilmen Allen, Fullerton, Hanson, Kreiling, Rice, Love.
Nays: None.
Absent: Councilman Braun.
The Mayor declared the motion carried.
After careful consideratLon of the reports received from the City Manager and
the fiscal consultant, Mr. Robert Gerwin, of Coughlin and Company, and after thorough
and careful! review of the proposals received regarding the sale of $4,845,000
General Obligation Refunding Water Bonds, that the City Council accept the proposal
by Boettcher and Company and Associates, at an average interest rate to maturity of
3.25 per cent providing, however, that successful low bidder fullfills his option
to confirm his proposal on or before 12:00 noon, M.D.T., Friday, August 27, 1965,
in which event said low bidder shall transmit to the City, with the said confir-
mation, a certified or cashier's check in the amount of $10,000 as evidence of
his good faith in complying with the terms and confirmation of purchase. Further-
more, that the bond ordinance be passed on iirst reading, including the interest
rate and paying agents at an adjourned meeting to be held on Wednesday, August 25,
1965 at 5:30 P.M.
COUNCILMAN FULLERTON MOVED, COUNCILMAN HANSON SECONDED, THAT THE MEETING BE
ADJOURNED. Upon the call of the roll, the vote resulted as follows:
Ayes: Councilmen Allen, Fullerton, Hanson, Kreiling, Rice, Love.
Nays: None.
Absent: Councilman Braun.
The Mayor declared the meeting adjourned at 6:05 P.M.until Wednesday, August 25,
1965 at 5:30 P.M.
/s/ Ray Chase, City Clerk-Treasur,er
Clerk of the Council
The minutes of the meeting of the City Council of the City of Englewood,
Colorado, held on the 23rd day of August, 1965 A.D., stand approved as written
this 7th day of September, 1965 A.D.
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