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Home My WebLink About1934-11-10city council minutes�yo vu runner qusiness appearing oerore the council, It was, on motion duly second and carried, declared adjourned. y Mayor City Clerk I - COUNCIL CHAMBERS, NOVEMBER 7, 1934. 9 :30 P. M. A Special Meeting of the City Council met on Call of the Mayor, with the Mayor, . E. L. Vassar, presiding. On Roll Call the following Councilmen answered present: Edgar L. Oakes, W. S. Boynton, C.E. Bales, G.W. Montgomery, G. M. Fenrich. Absent: W. R. Hollingsworth. The Mayor stated that the object of the meeting was to consider the bids for the purchase of 081,000.00 Refunding Municipal Bonds for the City fdf Caldwell. Thereupon the Council entered into a discussion and'oonsideration of the bids, These bids were carefully considered by the Council but no definite action was taken and the matter was referred to the Finance Committee. i On motion duly seconded and carried the Council was declared adjourned on can of the Mayor. Ma yor B I T City Clerk COUNCIL CHAMBERS, NOVEMBER 10, 1934. 8:00 P. M. An Adjourned meeting of the City Council met on call of the mayor, with the Mayor, E. L Vassar, presiding. On Roll Call the following Councilman answered present: Edgar L. Oakes, W. Be Boynton, C.E.Bales, G.W. Montgomery, G. M. Fenrich. Absent: W.R. Hollingsworth. I The Mayor informed the Council that this meeting vets called for further con- sideration of the bids for the purchase of 081,000.00 Refunding Municipal Bonds for the City of Caldwell. I , The Clerk read a telegram from Brown- Schlessman -Owen & Co., offering a bid for the purchase of Refunding Bonds. and First National Bank Councilmen, Edgar L. Oakes, explained the Dahlstrom /bid which was the lowest one offered. RESOLUTION 7 By Bales Thereupon the following preamble and resolution was introduced by Bales: Whereas, it appears that Eighty -one Thousand Dollars ($81,000.00), of outstanding valid legal bonds of the City of Caldwell, optional Jan>3ary 1, 1935, bearing interest at the rate of five and one -half percent (50) semi - annually and six percent (6 %) annually stay b re- funded to the financial advantage of the City of Caldwell on an amoritized plan to be due from two to fifteen years, bearing interest at the rate of four percent (4%), payable semi- annually on January let and July let of each year; and WHEREAS, The First Hati. -nal Bank of Caldwell, Idaho, and Frank Dahlstrom & Co., Inc., of Boise, Idaho, are experts in connection with municipal bonds, and are able and willing and have offered to perform and prOV1510;; for the City of Caldwell expert service in connection with the authorization and issuance of refunding bonds for the above amount, and the Mayor and Council of the City of Caldwell, Idaho, believe and it is their judgment that it will be to the financial interest of the City of Caldwell to employ expert service in connection with the refunding of said bonds; and /I WHEREAS, The said First National Bank of Caldwell, Idaho, and Frank Dahlstrom & Co., Inc,, of Boise, Idaho, have jointly offered to enter into a contract for the refmcidding of said bands, a copy of which said contract is as follow, to -wit: Caldwell, Idaho November 10, 1934. To the Honorable Mayor and Cit,r Council of the City of Caldwell, Idaho: You have advised us that you desire to refund 081,000.00 of the outstanding valid and legal bonds of your city, which were issued as of January 1st 1925, optional January 1st 1935 for 7,000.00 and due January 1st 1945, bearing interest at the rate of 5, payable semi- annually, and issue of July 1st 1920 for 014,500.00 due January 1st 1940, optional January 1st 1930, bearing interest at the rate of 6%. In connection with the refunding of said bonds, we make the following proposition: We will cause to be prepared and furnish all legal proceedings necessary to be adopted by the city to authorize the issuance of the refunding bonds, and will also furnish printed bonds ready for execution, together with the approving opinion of our attorneys, as 'to the legality of said proceedings and said bonnds. Bonds to be legally issued to the satisfaction of our attorneys. Said new refunding bonds to be dated January let 1935 and amoritized from two to fifteen years, beating inter- est at the rate of 4% per annum, payable semi - annually on January let and July lat of each year. We agree to furnish a buyer for said refunding bonds at par and accrued interest on date of sale. We agree to take delivery of said bonds at The First National Bank, of Caldwell, Idaho. For all legal and other expert services as enumerated above you are to pay us one and one -half per c ant of the par value of the bonds re- funded, when the terms of this contract is fulfilled by us. This offer is for immediate acceptance only. Signed this 10th day of November 1934. Respectfully Submitted, First National Bank of Caldwell, Idaho. By C. L. Miller Vice esident Frank Dahlstrom & Co., Inc. By Frank Dahlstrom President The above and foregoing offer is hereby accepted for and on behalf of the City of Caldwell, Idaho, persuant to a special meeting held this 10th day of November 1934. E. L. Vassar Mayor of Caldwell, Idaho Attest: (SEAL) O.E.Fritts '. Clerk NOW, TIMREFORE, HE IT RESOLVED and THIS DOES RESOLVE AND ORDER That the Mayor and Council of the City of Caldwell shall employ said First National Bank of Caldwell and Frank Dahlstrom & Co., Inc., to perform expert service and accept said contract, and that the necessary steps R_1e taken by the proper officers of the City of Caldwell to refund said Eighty -one Thousand Dollars (081,000.00); and BE IT FURTH -R RESOLVED That the Mayor and Clerk of the City of Caldwell, Idaho, be, and they are hereby authorized and directed to execute in quadruplicate on behalf of the said City of Caldrell the said above mentioned contract so tens• dered and offered by the above named First National Bank of Caldwell, Idaho, and Frank Dahlstrom & Co., Inc„ duly attested under the seal of the City of Caldwell; that three copies thereof be delivered to the above named First National Bank of Caldwell, Ideh o, and Frank Dahlstrom & Co., Inc., and one copy thereof be retained and filed in the office of the Clerk of the City of Caldwell, Idaho. Thereupon after due cenaideration Councilman Montgomery moved the adoption of Paid preamble and resolution; said motion was duly seconded by Councilman Oates. A yea and nay vote was had thereon with the following results: Yea: Oakes, Bales, Boynton, Montgomery and Fenrich Nays Absent and not voting: t6l. ingsworth Thereupon the Mayor declared the motion carried and the preambel and resolu I 8 l k i carried and the• preamble and resolution duly adoptedr Mayor ATTEST: City Clerk r No further business appearing before the Council, it was,-on motion duly seconded and carried, declared adjourned. ' ' Mayor City Clerk COUNCIL CHAMBERS, NOVEMBER 22, 1934. 8:00 "'P.' .M. A Special Meeting of the City Council met on Call of the Mayor, with the Mayor, E. L. Vassar, presiding. On Roll Call the following Councilmen answered present: Edgar L. Oakes, W. S. Boynton, C. E. Bales, G. :Y. Montgomery, G. M. Fenrich, and FY.R. Hollingsworth. Absent: None. The Mayor informed the Council that this meeting was called to take up unfinishi business. The City Clerk read a letter from B.W.Rice asking the City to lay a pipe line j rom the Allison-property to his property. The Council decided that if Mr. Rice would rnish the pipe -the City would put in the line. The Clerk read a letter from the Idaho Municipal Officers'-Association stating t hat a two day program would be held in Twin Falls on December 5th end 6th. Moved by Oakes,, seconded by Hollingsworth that the $25.00 assessment be paid and t hat the Mayor and one Councilman be authorized to represent the Cmty at this meeting. tion carried. Mr. R. K. Beatty appeared before the Council and presented plans for a new pump h ouse at the park. Moved by Boynton, seconded by Oakes that the plans be accepted. Motion Barrie d. Councilman Hollingsworth presented a list of uncollectable water bills and asked hat they be charged off the water book. Moved by by Montgomery, seconded by Oakes that these bills be charged off and the ames and amounts in the minutes. Motion carried. �en p RSadie 8 Sv& 424 Arthur 3 00- Bowman, Qohn 420 Blaine 3:00- - Ayers, Mrs. Carrie 507 Grant 7,56 - Berry, J. H. 824 Belmont 1J,° Billings,, W,E, 2509 College Cavalry Barn 7th& Irving y Cooper, Ed 1203 main 1'0v5Q� Faris, S.G. 2902 Illinois C7•i5fl- negler, A.H. 2119 College 7y50'� Healy, Martha 415 Hays 7.50.E King, T.W. 2020 Iowa Mason, Mrs. W.A. 120 Dearborn Mills, Mrs. Tom 718 So. 7th O'Brian, Maud 1722 Everett Pounds, L.C. 601 Dearborn 6.00- Pullins, Mrs. G. L. 2804 Indiana 3.00 - Richardson, Mrs, Mary B16 Elgin ®.ra✓ Shipley, Lillie 1523 Fllmore 9.30✓ Smith, Lloyd 102 Blaine g.00.- Thompson, Mrs. H. J. 2019 Indiana 8.75 John Parrish 1724 Arthur 3.00- Robt. A.Smith 905 Galveston 3.00- Caldwell Atheletic Club 814 Main 3.00°-