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HomeMy Public PortalAbout19681021 ___._ __Regular__Council_ Meeting,__October21 303'„ . 1968 Mayor Christy presided. Prayer, Prayer was offered by Mayor Christy. Roll Call. Councilmen present: Borgmeyer, Hawes , Hiesberger, Kliegel, Riner, Stone, Walther and Wildhaber. Councilmen absent: Haake and Scrivner, absent with leave. A quorum was declared present. A I oval of Councilman Hiesberger offered the following correction - Page 295, Minutes, line 35 by striking $355.00 and inserting in lieu thereof "not to exceed $600.00" . The minutes of the meetings of October 7 and October 15, were approved as received. Bids - The following bids were received for the construction of Sewer Dist. Sewer Dist. No. 114. No. 114. Southern Landscaping Co. , Inc. $16,948. 07 Roy Scheperle Const. Co. 18,804. 72 Sterling Excavation & Erection, Inc. 20,567. 99 On motion of Councilman Borgmeyer, the bid was awarded to the Southern Landscaping Co. , Inc. The motion passed. Bids - The following bids were received for the improvement of the Municipal Wall - Parking Garage: Parking Roy Scheperle Construction Co. Alternate "A" $ 41759.00 Garage. Southern Landscaping Co. , Inc. Alternate "A” 5 ,939. 00 E. G. "Duke" Linhardt Const. Co. Alternate "A" 52360, 00 Alternate "B" 79340. 00 Councilman Riner moved that the bid be awarded to the lowest bidder. The motion passed. Planning & A request was received from Nelson Vincent to rezone property lo- zoning cated at the corner of East McCarty Street and Benton Street to Commission. Commercial "E" classification. The request was referred to the Planning & Zoning Commission. Polling The following polling places for the Special City Election to be held Places, on November 5, 1968: VOTING PLACES IN GENERAL ELECTION - November 5 , 1958 First Ward Precinct #1 Capital City Upholstering Company " 2 Medical Center - 915 E. High Street It 3 East School - 1400 E. High Street Second Ward Precinct #1 Court House - High & Monroe of 2 N. 0. Nelson Plumbing Company " 3 Union Hall - 230 W. Dunklin Street Third Ward Precinct #1 1124 West Miller Street it 2 St. Joseph Home - 1350 W. Main Street to 3 West School - 300 Dix Road " 4 StJoseph' s School - 2303 West Main St, " 5 Belair School - 801 Belair Drive Fourth Ward Precinct ,ill Lutheran School - 201 Swifts Highway if 2 South School - 301 Linden Drive It 3 Southwest School - St. Mary' s Blvd. " 4 Conservation Commission - N. Ten Mile Drive 304 _. __�_Regrular Council „MeeCing, October__21,. 1968 ' Fifth Ward Precinct #1 Thorpe Gordon School - 1201 Jackson Street It 201d Moreau Heights School - 900 Moreau Dr. of 3 McClung Park - 900 Oakwood Drive " 4 Moreau Heights School - 1404 Hough Park " 5 Elbert Raithel - 1515 Taylor Drive. ' Councilman Riner moved that the polling places be approved. The motion passed. ,. The following clerks for the Special City Election were submitted Clerks to the Council: Special Democratic Clerks. Election. ` First Ward - lat. Precinct -- Mary Marvin Krause - 202 Lafayette 2nd. Precinct -- Mrs . Marie Rackers - 217 Center 3rd. Precinct -- Waller Maupin - 115 Buchanan Second Ward - lat. Precinct -- Dorothy Atkinson - 106k E. McCarty 2nd. Precinct -- Mary Rodeman - 228 W. McCarty 3rd. Precinct -- Norma Prenger - 616 Broadway . Third Ward - lat. Precinct -- Mrs. J. C. Waters - 108 Fulkerson 2nd. Precinct -- Mrs . Blanche Eatep - 309 Vista Place 3rd. Precinct -- Leota Perdue - 1518 Hayaelton Dr. 4th. Precinct -- Mrs. Warner Byars - 2009 Livingston 5th. Precinct -- Mrs. James Sanders - 416 Belair Dr. Fourth Ward - lat. Precinct -- Mrs. Juanita Hedrick - 533 Nelson Dr. 2nd. Precinct -- Mrs. Melvin Leonard - 1101 Pamela 3rd. Precinct -- Belva Hackman - 1511 St. Marys Blvd. 4th. Precinct -- Mrs. Donald Moreland - Kenborg Hills Fifth Ward - lat. Precinct -- Mrs. Hallie L. Collier - 720 Lafayette 2nd. Precinct -- R. D. Golden - 10 Hobbs Terrace 3rd. Precinct Rosalie Wankum - 928 Fairmount 4th. Precinct -- Mrs. Donna Lancaster - 1441 Major Der. 5th. Precinct -- Mrs . Mary Farrar - 1508 Payne Dr. Republican Clarks . First Ward - lat. Precinct -- Houston Ellis , 802 E. Miller 2nd. Precinct -- Wilber Schnider - 1120 E. McCarty 3rd. Precinct -- Mrs. J. A. Pratt - 200 N. Lincoln , Second Ward - let. Precinct -- Glady Buescher - 411 C. Capitol 2nd. Precinct -- Grace Bemboom - 611 W. Elm 3rd. Precinct -- Cornelis Timmerberg - 706 Broadway Third Ward - lat. Precinct -- Jimmy Mulcahy - 2503 Royalair Dr. 2nd. Precinct -- Maria Calvin - 1611 Marion Dr. 3rd. Precinct -- Mrs. Joe Mosely - 1924 Crystal View 4th. Precinct -- Mrs . Roy Ottinger - 2514 W. Main 5th. Precinct -- Kay Toft - 2510 Royalair Dr. Fourth Ward - lat. Precinct -- Ruth Bultmann - Old "54" South 2nd. Precinct -- Mrs . Fred Gimbler - 1015 Westwood 3rd. Precinct -- Mrs . Laura Hager - 1603 St. Mary' s 4th. Precinct -- ---------- Fifth Ward - 1st. Precinct -- Judy Allen - 701 Houchin 2nd. Precinct -- Mrs. Elsie Wintermeyer - 1300 E. Dunklin 3rd. Precinct -- ---------- 4th. Precinct -- Page Jackson - 1103 Moreau Dr. 5th. Precinct -- Dollie Murphy - 1512 Taylor Dr. Councilman Borgmeyer moved that the clerks be approved. The motion passed. Petitions were presented to the Council in favor of Chief Claude Petitions - Short maintaining his present position as Chief of Police of Chief of, Jefferson City, Missouri Police '305 Council Mee October 2L,_ 1968 Street Councilman Hawes , Chairman of the Street Committee, presented the Committee. following from the Director of Public Works : Mr. Larry Bates who was the Assistant Street Commissioner prior to entering military service has now completed his tour of duty and desires to be reinstated with the Street Division. The ,job title of Assistant Street Commissioner has been eliminated from this year' s Ordinance. Therefore, we will have to classify him as a Leadman Step #4, with an annual salary of $5910.00. He was earning $5408.00 when he was drafted two years ago. I am, also, submitting Mr. George Reinhard of 428 E. Ashley for approval as a Chainman, Step 1, in the Engineering Division as a replacement for Mr. Roy Ramsey who left in September to re-enter school. I would appreciate if these two men could be submitted and approved at Monday' s Council Meeting. Councilman Riner objected to the hiring of George Reinhard until it had the approval of the Street Committee, he then moved that the Street Commissioner be given the power to act on the reinstatement of Larry Bates . The motion passed. Finance Councilman Hawes presented a request from the Director of Public Committee. Works in regard to the employment of a resident engineer to oversee the construction of the Sewerage Treatment Plant or to utilize Horner & Shifrin' s resident engineer until such time as the City is able to hire another qualified engineer for this project. The request was referred to the Finance Committee. Planning The following report of the Planning & Zoning Commission was pre- & rented to the Council: October 11, 1968 Zoning Mayor Christy & City Council Members : Commission At a regular meeting of the Jefferson City Planning & Zoning Report. Commission which was held at 7:30 P.M. in the Board Room of the Chamber of Commerce last evening, the following zoning requests were discussed and acted upon, and recommendations are as follows : 1. Request of Martin Oidtman to rezone Sunset Lake and land within the boundries of Sunset Lake Road. Recommend that a strip of land 150 ft. in depth (measured from the centerline of Sunset Lake Road in a southwesterly direction extending along the northeasterly portion of Sunset Lake Road from Route 6, to the centerline of the portion of Sunset Lake Road that extends east and west over the dam be rezoned to E-District. 2. Request from Mrs . Mary Studer for a special permit to operate a Beauty Shop in her home at 1410 W. Main Street. Recommend that the request be granted. 3. Request from R. G. Willsey, Lot 3, Part 1 of Westwood Subdivision be rezoned from A-2 to D. Multiple Dwelling, Southwest Blvd. (908) Recommend that the request be denied. 4. Request from Osage Outdoor Adv. Co. to rezone strip of land between Industrial Dr. and Hwy. 50 West Expressway to F. or J. District. Recommend that the request be denied. 5. Petition from M. A. Holding Co. to rezone land in the 1100 block Madison Street - Part of Outlot 77 - on east side of Madison between Woodlawn and Franklin from B two Family Dwellings to E Local Commercial for the purpose of constructing a new Nursing Home. Recommend that the request be granted. T. Scott Cantine of Harland Bartholomew and Associates attended the Meeting and gave a report of progress being made on the Compre- hensive Plan. /s/ Jack Jordan, Secretary. 306 Regular Council Meeting, October 21, 1968 Councilman Borgmeyer moved that no action be taken on Item No, 3. The motion passed, Councilman Kliegel moved that the remainder of the report be . approved. The motion passed. Councilman Hiesberger moved that a copy of the Planning & Zoning Commission Report be sent to the Councilmen prior to the meeting. The motion passed. The following report of the Parking & Traffic Commission was pre- Parking sented to the Council: & October 15 , 1968 Traffic Gentlemen: Commission The following constitutes a report of the regular meeting of Report. the Parking & Traffic Commission, held at 7: 30 o' clock A.M. , Oct. 15th. , 1968. The Commission makes the following recommendations to the Mayor and Members of the City Council: 1. Recommends parking meters be installed in the 400, 500 and 600 block of East High Street and on the east side of Adams Street between Capitol Avenue and High Street. 2. Recommends that Yield signs at the intersection of Carol and Rose Valley be replaced with Stop signs, and further recommends that sidewalks be installed on both sides of Carol and Rose Valley. 3. Recommends that the City enact an Ordinance premitting unlimited parking in metered spaces for service, maintenance and repair vehicles, with the purchase of a Permit from the City Collectof for a fee of two hundred ($200.00) dollars per year, per vehicle. 4. Recommends that the request for a two-hour parking in the 600 block of West McCarty be denied. 5. The Commission is dropping consideration of truck parking in residential areas. 6. Recommends Yield signs be installed at Tower Drive and Westwood Drive for southbound traffic on Westwood Drive entering Tower Drive and westbound traffic entering Tower Drive upon entering the North land of Westwood Drive, and further recommends that parking be restricted on the south side of Tower Drive from the City Limits to Southwest Boulevard. 7 . Recommends the removal of parking on the south side of Dunklin Street from Clark Avenue to Cardinal Street, 8. Recommends the removal of the two-hour parking zone on the west side of the 200 block of Marshall Street. 9. The Commission recommends that the request for a twenty mile per hour speed zone on West McCarty, between Vista Road and Hub Street be denied, for the reason that West McCarty Street is a thoroughfare street. Respectfully submitted, /s/ Michael P. Riley Chairman Councilman Hawes moved that Item No, 1 be eliminated. The motion passed. Councilman Hawes moved that the remainder of the report be approved, Councilman Hiesberger asked for a division of the question. Councilman Hiesberger moved that Item No. 2 be amended as follows: by striking "Yield Signs" and inserting in lieu thereof 114-way stop sign" be installed and inserting a period after Rosevalley and striking the rest of the sentence. The motion passed. Councilman Stone moved that Item No. 3 be withdrawn. The motion passed. Councilman Riner moved that the word denied be striken from Item 4 and the word approved inserted in lieu thereof. The motion passed. Councilman Hawes stated that the Parking and Traffic Commission had no solution for Item No. 5. Councilman Hiesberger moved that the Parking and Traffic Commission be provided with samples of Ordinances from other cities be given to the Commission. The motion passed. 30 __„Regular, Council Meeting, October 21, 1968 Councilman Borgmeyer moved that Item No. 6 be approved. The motion passed. Councilman Wildhaber moved that Item No. 7 be approved. The motion passed. Councilman Riner moved that Item No. 8 be approved. The motion passed. Councilman Stone moved that the word denied be stricken from Item No. 9 and the work approved be inserted in lieu thereof. The motion passed. Bill Bill No. 62, introduced-by-Councilman Hawes , entitled: No. 62. "An Ordinance of the City of Jefferson, Missouri, authorizing the Agreement Mayor and the City Clerk of the City to execute a written agreement with Roy A. with ,Roy A. Scheperle Construction Co. , relating to the construction Scheperle of sewers within Sewer District No. 113. Const. Co. Read first and second time by title and on motion of Councilman Hawes , the rules were suspended and the Bill was read the third time by title and was placed on final passage and passed by the following vote as Ordinance No. 8066. Councilmen voting Aye: Borgmeyer, Hawes, Hiesberger, Kliegel, Riner, Stone, Walther and Wildhaber. Councilmen voting Nay: None. Councilmen absent: Haake and Scrivner, absent with leave. Bill No. 63. Bill No. 63, introduced by Councilman Hawes , entitled: Agreement "An Ordinance of the City of Jefferson, Missouri, authorizing the with Wilbur Mayor and Clerk of the City to execute in behalf of the City an Smith and agreement with the Consulting Engineering Firm of Wilbur Smith and Associates, Associates, Inc. , Kansas City, Missouri, relating to described Inc. professional services to be furnished by Wilbur Smith and Associates, Inc. , to the City.” Read first time by title and ordered distributed to members of the Council. Finance The contract with Wilbur Smith and Associates , Inc. , was referred to Committee. the Finance Committee. Bill No. 49. Bill No. 49, introduced by Councilmen ilaalce and Stone, entitled: Establishing "An Ordinance establishing Sewer District No. 9711, within the City Sewer Dist. of Jefferson, Missouri, and defining the boundaries thereof." No. 97B. Councilman Stone moved that Bill No. 49 be withdrawn. The motion passed. Bill No. 50. Bill No. 50, introduced by Councilmen llaalce and Stone, entitled: Construction "An Ordinance providing for the construction of sewers in Sewer of Sewers in District No. 97B within the City of Jefferson, Missouri.." Sewer Dist. Councilman Stone moved that Bill No. 50 be withdrawn. No 97B. The motion passed. B1 No. 55. Bill No. 55 , introduced by Councilman Hawes, entitled: Contract "An Ordinance of the City of Jefferson, Missouri, authorizing and with Scheperle directing the Mayor and Clerk of the City to execute a written Const . Co. - contract with Roy A. Scheperle Construction Company for the im- Franklin St. provement of Franklin Street." On motion of Councilman Hawes, Bill No. 55 was called up for third reading and was placed on final passage and was passed by the following vote as Ordinance No. 8067 . Councilmen voting Aye: Borgmeyer, Hawes, Hiesberger, Kliegel, Riner, Stone, Walther & Wildhaber. Councilmen voting Nay: None. Councilmen absent: Haake and Scrivner, absent with leave. �V Council Meeting,_ October 21, 1968 Bill No. 60, introduced by Councilmen Scrivner and Kliegel, entitled: Bill No. "An Ordinance of the City of Jefferson, Missouri, changing the names 60 . of certain streets , avenues and/or roadways within the City." Changing West Dunklin Blvd. - 109 letters sent out - 18 objecting and 4 names of favoring. certain Hough Park Road to Ellis Blvd. - 8 letter sent out - 2 objecting. streets . North Ten Mile Drive to West Main Street - 7 letters sent out. 0 objecting - 1 favoring. .Schellridge Road to Schellridge West - 10 or 11 objecting. Schellridge Road to Schellridge East - 3 or 4 objecting. 'Councilman Kliegel moved that items 2,3,4 and 5 on pages 1 and 2 be withdrawn from Bill No. 60. The motion passed. Councilman Kliegel then moved that Bill No. 60 be read the third time by title and placed on final passage. The bill was passed by the following vote as Ordinance No. 8068. Councilmen voting Aye: Borgmeyer, Hawes, Hiesberger, Kliegel, Riner, Stone, Walther and Wildhaber. Councilmen voting Nay: None. Councilmen absent: Haake and Scrivner, absent with leave. Bill No. 61, introduced by Councilmen Wildhaber and Hiesberger, Bill No. 61. entitled: Relating to "An Ordinance of the City of Jefferson, Missouri, amending Ordinance Police Dept. No. 7804 of the City of Jefferson, Missouri, relating to the Police & Merit Department of the City and the Police Department Merit System and System. regulations and operations thereof." Councilman Wildhaber moved that Bill No. 61 be placed on the informal calendar. The motion passed. Councilman Wildhaber moved that the Mayor appoint a Committee con- sisting of five councilmen to work with the City Attorney or a disinterested attorney to study Bill No. 61 and report findings at the second meeting of the Council in November. Councilman Riner asked for a roll-call vote. The motion failed to pass by the following vote: Councilmen voting Aye: Hiesberger and Wildhaber. Councilmen voting Nay: Borgmeyer, Hawes , Kliegel, Riner, Stone and Walther. Councilmen absent: Haake and Scrivner, absent with leave. ------------ The Council took up for consideration the matter of calling for bids Resolution - on certain of the sewer revenue bonds of the City of Jefferson, Mo. , Directing as authorized at an election held in said City of the 8th, day of Sale of October, 1963. After a discussion of the subject, Councilman Riner Sewer Revenue offered and moved the adoption of the following resolution: Bonds. RESOLUTION TO DIRECT SALE OF BONDS BE IT RESOLVED by the Council of the City of Jefferson, Cole County, Missouri, that One Million, Five Hundred Thousand Dollars ($1,500,000) of bonds of said City, being part of the $5,600,000 Sewer Revenue Bonds of said City authorized at the special election held in said City on the 8th. day of October, 1963, be offered for sale to the highest bidder therefor on the 18th. day of November, .1968. BE IT FURTHER RESOLVED that said bonds be sold on sealed bids to be filed with the City Clerk of said City at the City Hall, Jefferson City, Missouri, at or before the hour of 8 o'clock P.M. , Central Standard Time, on the aforesaid date; each bid to be accom- panied by a certified (or cashier' s) check on some solvent bank or trust company in the amount of Thirty Thousand Dollars ($30,000) , to evidence the good faith of the bidder, the Council reserving the right to reject any or all bids submitted. BE IT FURTHER RESOLVED that bidders for said bonds be requested to designate in their bids the price they will pay for bonds bearing 309 Regular Council. Meeting,_ October_21,, interest at a rate or rates, but not more than four different rates, and not exceeding five per centum (5%) per annum, likewise to be designated in their bids; provided, however, that each interest rate so designated shall be a whole multiple of one-eight of one per centum (1/8 of 1%) or one-tenth of one per centum (1/10 of l%) , and that all bonds of the same maturity shall bear interest at the same rate; and provided, further, that the spread between the highest rate bid and the lowest rate bid shall not exceed two per centum (2%) . No bid specifying supplemental interest coupons will be con- sidered. BE IT FURTHER RESOLVED that in determining the best bid sum- mitted, the Council will take into consideration the lowest net interest cost to the City, in dollars. BE IT FURTHER RESOLVED that the City Clerk be and she is here- by authorized and directed to give notice of the sale of said bonds by mailing to all interested banks and bond houses and investment bankers in the State of Missouri or elsewhere, a notice in sub- stantially the following form: NOTICE OF BOND SALE $1,500,000 (Fourth Offering of $5 ,600,000 authorized) SEWER REVENUE BONDS OF 1968 CITY OF JEFFERSON, COLE COUNTY, MISSOURI Sealed proposals will be received by the Council of the City of Jefferson, Cole County, Missouri, at the City Hall in said City until the hour of 8 o' clock P.M. , Central Standard Time, on Monday the 18th. day of November, 1968, at which time said bids will be publicly opened for the purchase, at not less than par and accrued interest, of the above bonds of said City. Said bonds are to bear date of December 1, 1968, are to be of the denomination of One Thousand Dollars ($1,000) each or Five Thousand Dollars ($5,000) each, at the option of the purchase, and shall bear interest at a rate or rates to be determined pursuant to sale of said bonds , payable March 1, 1969, and semi-annually thereaftet on September 1 and March 1 in each year. Both principal of and in- terest on said bonds will be payable at a bank or trust company to be designated by the purchaser, subject to approval by the Council, and said bonds shall mature serially on March 1 in each of the years as follows: $10,000 in each of the years 1973 and 1974 20,000 in each of the years 1975 and 1976 25,000 in each of the years 1977 and 1978 35,000 in each of the years 1979 and 1980 40,000 in the year 1981 45,000 in the year 1982 50,000 in the year 1983 55,000 in each of the years 1984 through 1988 60,000 in each of the years 1989 through 1991 65,000 in the year 1992 70,000 in each of the years 1993 and 1994 75,000 in the year 1995 80,000 in the year 1996 85,000 in the year 1997 95,000 in each of the years 1998 through 2000 Bonds maturing March 1, 1980, and thereafter may be called in, paid, and redeemed on March 1, 1979, or on any interest payment date there- after, in the inverse order of their numbers, at par and accrued interest, plus a premium of one-fourth of one per centum (1/4 of 1%) of the principal amount of said bonds for each year or fraction there- of between the date of redemption and the respective maturity dates of the bonds called for redemption, such premium, however, in no event to exceed $25.00 per bond for $1,000 bonds, or $125.00 per bond for $5,000 bonds . Provided, further, that said bonds shall be 310 Regular_ Counci.l._Meeting, October 21, _1968 redeemable without a premium on March 1, 1991, or on any interest payment date thereafter. Bidders are requested to designate in their bids the price they will pay for bonds bearing interest at a rate or rates , but not more than four different rates, and not exceeding five per centum (5%) per annum, likewise to be designated in their bids ; provided, however, that each interest rate so designated shall be a whole multiple of one-eight of one per centum (1/8 of 1%) or one-tenth of one per centum (1/10 of 1%) , and that all bonds of the same maturity shall bear interest at the same rate; and provided, further, that the spread between the highest rate bid and the lowest rate bid shall not exceed two per centum (2%) . No bid specifying supplemental interest coupons will be considered. Proposals should be addressed to the Council and should be filed with the City Clerk on or prior to the date and hour hereinabove named. Each bid must be accompanied by a certified (or cashier' s) check, payable to the City of Jefferson, Missouri, in the amount of Thirty Thousand Dollars ($30,000) , to evidence the good faith of the bidder. Proposals tendered by mail should be addressed to the Council, City Hall, Jefferson City, Missouri, 65101, and should be plainly marked "PROPOSAL FOR BONDS." The Council reserves the right to reject any or all bids, and all bids must be made on the form supplied by the undersigned. These bonds are being issued to provide funds for the purpose of extending and improving the sewerage system of said City, including the construction of a sewage treatment plant; and said bonds are payable solely from the revenues to be derived from the operation of said system. These bonds are offered subject to the unqualified approval of the legality thereof by the law firm of Charles and Trauernicht of St. Louis, Missouri. The City will pay legal fees and will pay for the printing of the bonds , including the printing thereon of the legal opinion, if desired by the purchaser. Delivery of the bonds will be made to the purchaser within fifty days after the date of sale, in the City of Jefferson, Missouri, without cost to the purchaser. De- livery elsewhere will be made at the expense of the purchaser. Further, information, including the Official Statement relating to these bonds , may be obtained from the undersigned. By order of the Council, this 21st, day of October, 1968. /s/ Margaret Christian City Clerk of the City of Jefferson, Cole County, Missouri BE IT FURTHER RESOLVED that the City Clerk shall attach to each copy of the aforesaid notice a financial statement showing the projected revenues of the sewer system, and such other information as propective bidders may desire. I BE IT FURTHER RESOLVED that the bidding form to be used in bidding for the aforesaid bonds shall be substantially as follows ; PROPOSAL FOR THE PURCHASE OF $1,500,000 (Fourth Offering of $5,600,000 authorized) SEWER REVENUE BONDS OF 1968 OF THE CITY OF JEFFERSON, COLE COUNTY, MISSOURI, Dated December 1, 1968 Council_.Meeting,._ Oc_tober_21, _ 1968, 1968 To the Council of the City of Jefferson, Cole County, Missouri. Gentlemen: For One Million, Five Hundred Thousand Dollars ($1,500,000) , par value, Sewer Revenue Bonds of 1968 of the City of Jefferson, Missouri, bearing interest at the rate or rates specified below, we will pay you (. ) and accrued interest to the date of delivery of said bonds to us . The said bonds shall bear interest as follows : Maturities Interest Rates (Limits; %5 and four different rates . If the same rate appears more than one time, it will be counted only once.) It is hereby represented that the gross interest cost, computed upon the above specified rate or rated of interest, will be $ , that the net interest cost (deducting premium, if any) will be $ , and that the average interest rate will be %. It is understood and agreed by the undersigned that if there be any discrepancy as between the actual interest cost or average interest rate computed upon the rate or rates of interest above specified and the interest cost or average interest rate figures hereinabove set forth, the interest rate or rates above specified and the actual interest cost or average interest rate computed upon said rate or rates shall prevail. Subject to your approval, the said bonds shall be payable as to principal and interest at a place to be designated by the undersigned within forty-eight hours after the acceptance of this bid. The designation of the denomination ($1,000 or $5 ,000) in which the bonds shall be issued likewise shall be made by the undersigned with- in forty-eight hours after acceptance of this bid. This proposal is subject to all of the terms and conditions of the notice of sale, which notice, by this reference thereto, is hereby made a part of this bid. A certified (or cashier' s) check in the amount of Thirty Thousand Dollars ($30,000) , payable to the City of Jefferson, Missouri, ac- companies this proposal as evidence of good faith, and said check shall be returned to the undersigned if this bid be not accepted, or if the City should fail to deliver said bonds to the undersigned in accordance with the terms of this bid; otherwise said check shall be held by the City and shall be applied as and when the bonds are delivered and apid for under the terms of this bid, as part payment therefor, or be applied as and for liquidated damages in the event that the undersigned fails to take up and pay said bonds . This bid is for immediate acceptance. (Note : No addition to or alteration in this proposal is to be made, and any erasure may cause a rejection of the bid, Bids must be filed with the City Clerk of the City of Jefferson, Missouri, sealed at or prior to the hour of 8 o'clock P.M. , Central Standard Time, 312 ­­­.­-F'-1.......... on Monday the 18th. day of November, 1968. ) ACCEPTANCE The above proposal accepted by resolution of the Council of the ;; City of Jefferson, Missouri, and receipt of the within-mentioned check is hereby acknowledged, this _day of 1968. Mayor of the City of Jefferaon,. Cole County, Missouri, if � Attest: City Clerk (SEAL) BE IT FURTHER RESOLVED, that the City Clerk shall cause the foregoing Notice of Bond Sale to published one (1) time in the Bond Buyer of New York not less that fifteen (15) days prior to the : date of the bond sale. Councilman Walther seconded the notion to adopt the foregoing resolution, and, the question being put to a roll call vote, the i� result was as follows: il Counilman Borgmeyer voted. Aye Councilman Haake voted Absent Councilman Hawes voted Aye Council Hiesberger voted Aye Councilman Kliegel voted Aye Councilman Riner voted Aye Council Scrivner voted Absent Councilman Stone voted Aye Councilman Walther voted Aye ;iCouncilman Wildhaber voted Aye The motion having received the affirmative vote of all the ii Councilmen present, the Mayor declared the motion carried and the il resolution adopted, this 21st. day of October, 1968. ----------- Councilman Hawes moved that the City employ Mr. Art Wollenberg at Traffic $2.00 per hour for manual traffic counts. He is to be used as Counts. needed. The motion passed. ---------- Councilman Kliegel referred the matter of the Fiscal Officer se- Fiscal curing bids on personal liability insurance on all employees who Officer. drive city owned vehicles and for the Fiscal Officer, to try to get position bonds instead of individual bonds for City Employees. ---------- Councilman Riner, moved that the Council adjourn under the rules. Adjournment. The motion passed. if