1972.10.05_TC_Minutes_Special
MINUTES: SPECIAL MEETING OF THE TOWN COMMISSION - October 5, 1972
• A Special Meeting of the Town Commission called by Mayor Horton,
Commissioners Joy and. Jurisch for the purpose of opening the bids on the
$965,000. Bond Issue, was called to order by Mayor Horton at 11:00 A.M.
Present were the Mayor, Vice Mayor Dent, Commissioners Joy and Jurisch,
Mrs. Roberts, Finance Commissioner George, Mr. Curt Goss, the Town Attorney
and representatives of several firms bidding on the issue.
Bids were received by Merrill, Lynch, Pierce, Fenner & Smith, Inc.;
Commack & Pera, Inc.; William R. Hough & Co.; First Bank & Trust Co.;
John Nu~een & Co.; duPont, Glore, Forgan, Inc.; and Paine, Webber, Jackson
& Curtis, Inc. and Associates, who were the low bidder.
•
The Mayor read the Resolution of Award (Resolution #202) to Paine, Webber,
Jackson & Curtis, Inc. and Associates. Commissioner Jurisch moved it be
approved. Vice Mayor Dent seconded and it unanimously passeld.
The meeting adjourned at 11:45 A.M.
APPROVED
ATTEST:
Town Jerk
DATED: , ~~~ ~J' Y
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EXTRACTS FROM THE MINUTES OF A arn~lEiL
~'
MEETING OF THE TOWN COMMISSION
OF TOWN OF. HIGHLAND BEACH G~Z_
HELD ON THE 5 DAY OF OCTOBER- 19 72
The TOWN COMMISSION
of TOWN OF HIGHLAND BEACH ~ --
met in SPECIAL meeting at TOWN HALL
TOWN
in the @c of HIGHLAND BEACH FLORIDA at
31;00 ,o'clock A .M. on the 5 day of OCTOBER
19 72 ,.the place, hour, and date duly established for the hold- II
ing of such meeting.
.The MAYOR called the meeting to order
and on roll call the following answered present:
r._ v_ HORTON ,
M. H. W. DENT •
. L. W, JOY -
F. R. JURISCH ~ '
and the following were absent:
' R: E. MUMFORD ,
~,
The MAYOR declared a quorum present.
A Resolution entitled:
_RESOLUTION.OF AWARD ~-
1
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. was introduced by Mr.. HORTON .•
.ls 9 70wsw7..ii w.w. ...a® irtw wfw Ym~~ v ~ ~a~ ~ ~ 970 i3 P~1 @G!17f@~®!~
RESOLUTION OF AWARD ~ ~~
WHEREAS, pursuant to notice heretofore duly published
for the sale of $965,000.00 General Obligation Bonds of the Town
of Highland Beach, Florida, the Town Commission of the Town of
Highland Beach, Florida, met on October 5, 1972 at 11:00 o'clock
A.M., Eastern Daylight.Time to open and consider all bids submitted
for said bonds; and
WHEREAS, the following bids were submitted:
COPIES ATTACHED
which bids are hereto attached .and made.a part hereof; and
WHEREAS., after due consideration it appears to the Town
Commission of the Town of Highland Beach, Florida, that the bid of
• PATNF.~ WF.RRF.R~ ,T cx~nN, CURTIS, INC. & ASSOCIATESin the amount. of
$ 965,~~0.00 and accrued interest for the $965,000.00 General
Obligation Bonds, bearing interest as hereinafter stated is the best
.bid received;
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COMMISSION OF
THE TOWN OF HIGHLAND BEACH,. FLORIDA, that: ~
SECTION 1. The $965,000.00 General Obligation Bonds be
awarded to PAINS, WEBBER, JACKSON, CURTIS, INC. & ASSOCIAT~~ the price
of $ 965,~~.00 and accrued interest for said bonds bearing
i ntr~rPSt a G fnl 1 nwc
BONDS MATURING
X975
1976
1977
1978
1979
1980
1981
1982
1983
].984
INTEREST
AMOUNT RATE BONDS MATURING AMOUNT
$ 20,000 6.50 % 1986 $ 40,000..
25,000 6.50 % 1987 40,000
25,000 6.50 % 1988 45,000
25,000 6.50 % 1989 45,000
25,000 6.50 % 1990 50,000
30,000 6.50 % 1991 50,000
30,000 6.50 % 1992 55,000
30,000 6.50 % 1993 55,000
35,000 _ S,OQ % 1994 60,000
35,000 5,00 / x.995 65,000
INTEREST
RATE
5.00
5.40 %
5.40
5.40
5.40
5.40
5.40
.5.40
5.40
5,40 %
' ;SECTION 2. The proper officers of the Town be and they
.~ are hereby authorized and directed to execute said obligations
when prepared and to deliver same to said purchaser upon payment
of the purchase price .pursuant to the conditions stated in the
. Notice of Sale without further authority from this Commission.
SECTION 3. 'The said bonds will be payable at
_TTn;varcity TTatinnal Rank of Rnr~a Ratnn / or, ~at the option of the
holder, at Manufacturers Hanover Trust, New York City
SECTION 4. The Town Clerk be and she is hereby authorized
and directed to return forthwith the good faith .checks of all un-
successful bidders.
SECTION 5. This resolution shall take effect immediately.
upon its passage.
r
PASSED.. AND APPROVED THTS 5th day of OCTOBER 1972
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MAYOR
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TOWN CLERK
CERTIFICATE OF RECORDING OFFICER
~~ The undersigned HEREBY CERTIFIES th at:
1. She is the duly appointed, qualified, and acting
TOWN CLERK of the TOWN OF HIGHLAND BEACH
(herein called the Tom ), and keeper of the
records thereof, including the minutes of its proceedings;
2. The annexed copy of extracts from the minutes of
the _ SPECTAT. meeting of the TOWN COMMT4~TON ,
held on the. 5 day of OCTOBER 19 72 , is
a true, correct, and compared copy of the whole of the original
minutes of said meeting on file and of record insofar as the
same relate to the resolution referred to in said extracts and
to the other matters referred to therein; '
3. Said meeting was duly convened in conformity with
all applicable requirements; a proper quorum-was present through-
out said meeting and the resolution hereinafter mentioned was
duly proposed, considered, and adopted inconformity with appli-
cable requirements; and all other requirements and proceedings
incident to the proper adoption of said resolution have been duly
fulfilled, carried out, and otherwise observed;
4. .-She is duly authorized to execute this Certificate;.
and
S. The copy of the resolution-annexed hereto entitled:
•
' RESOLUTION OF AWARD
is a true, correct, and compared copy of the original resolution
referred to in said extracts and as finally adopted at said meet-
ing and, to the extent required by law, as thereafter duly signed
or approved by the proper officer or officers of the TOWN
'~ ~ which resolution is on file and of record.
WITNESS my hand and the seal of the TOWN ,
this 5 day' of. OCTOBER , 19 72 .