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03-26-1971 Regular Meeting . . MINUTES SPECIAL MEETING No. 725 A Special Meeting of the City Council of the City of Clermont was held in the Council Chambers on Friday. March 26. 1971. The meeting was called to order at 7:30 P. M. by Mayor Don E. Smith with the fOllowing members present: Councilwoman Watson and Councilmen VanderMeer. Cochran ~nd Beals. Other officials present were: City Manager Hopkins. City Controller Fleming. City Clerk Carroll and City Attorney Langley. Others present were: Mr. Stewart Hartman and Floyd Groo.. Representatives of the local Press ~ere also present. Mr. Hartman. fis.cal agent representative of the city.s investment banker. Leedy. Wheeler I Alleman. Inc.. appeared before the Council and presented to them an offer to purchase $1.700.000 Water and Sewer Revenue Bonds. A brief resume of the offer as submitted is as follows: Bonds maturing 1975 to 1984 to bear interest' 6.1 per annum Bonds maturing 1985 to 1994 to bear interest , 6 3/41 per annum Bonds maturing 1995 to 2003 to bear interest , 71 per annum thereby their offer is to pay $1.632.000 plus accrued interest from November 1. 1970 to date of delivery. Following considerable discussion regarding this offer. Councilman Cochran offered and moved the adoption of a RESOLUTION awarding the $1.700.000 Water and Sewer Revenue Bonds; Naming a Paying Agent; and setting forth the provisions of redemption of the bonds. The motion was seconded by Councilman VanderMeer and upon roll call vote on passage of the motion. the result was: Ayes: VanderMeer. Smith. Watson. Cochran and Beals. Total Ayes: Five. Nayes: None. Absent: None. So the RESOLUTION was adopted and the Number 178 was assigned to it. A copy of the Offer to Purchase as submitted by Leedy. Wheeler I Alleman. Inc. and which the Mayor and Clerk were directed to execute is attached hereto and becomes a part of these minutes. Mr. Floyd Groo. President of Michaels-Stiggins. Inc.. Consulting Eningeers. advised Council tha~ awarding of bids for the construction of the Sanitary Sewer System was now in order. Mr. Groo further advised Council that inasmuch as the bid contract specifications call for a $200.00 per day liquidated damage clause and inasmuch as this bid award date be in excess of the 100 day period fOllowing bid opening date for the withdrawing of bids as also allowed in the contract specifications. that Bumby I Stimpson. Inc. had requested a condition be added to their Bid wherein they be paid $200.00 per calendar day from March 4. 1971 to the day their contract is awarded. such payment to be accumulated but not paid until completion of the project. Mr. Groo still further advised that the customary procedure was to award the contract within 30 to 60 days after bidding. Motion was made by Councilman VanderMeer and seconded by Councilman Beals that bids on the construction of a sanitary sewer system be awarded as follows: To Bumby I Stimpson. Inc. for the construction of the gravity system. lift stations and force mains as per their Bid submitted. accepted and tentatively awarded on January 5. 1971 and including the addition hereof. their bid offer condition as outlined in their letter of March 12. 1971. a copy of which follows these Minutes. To Chilton Construction Company. Inc. for the construction of the treatement and disposal facilities as per their Bid submitted. accepted and tentatively awarded on January 5. 1971. . MINUTBS N9 . 726 Upon roll call vote on passage of this motion. the result was: Ayes: VanderMeer. Smith. Cochran. Watson and Beals. Total A,es: Five. Nayes: None. Absent: None. whereupon the Mayor and City Clerk were directed to execute the construction contracts. " City Attorney Langley advised that upon meeting with a State Legislative Committee with regards procedure for establishing a South Lake Airport Authority. it would be necessary that a sponsor for such an Authority be proclaimed and submitted. Motion was made by Councilman Beals. seconded by Councilman Cochran and carried that the City of Clermont be proclaimed as Sponsor for the establishment of a South Lake Airport . Authori ty. ~ The meeting was adjourned by Mayor ~~,i1~ Do ores . arro . i ty Clerk