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10-02-1925 Regular Meeting i ~: f .- 1 . .. .,," , i I . . ~ .. ~inutes oi' _1.,-.-;ulc :"' AC.joW1m.~(; ~~eet:,:l:'~ D:'; tc.(; Jity OouncJ.'l 0'_;" "",r U~'T 0"> ";l"-~ oV'\+. lJL~~ ..IJJIJ.. ;. ~.L._,.. u, heIr:: Octo"uer 2, ~.D. 19~5, L~ t~o o'clock P. ~. The Oit~T iJo"':.llc5_1 of the uity 0:::' Vl(;;r.,.allt 'i~..;t in r~:',~,~-.llt r r.,lj~j:.1rnec:. 6eGe.i ,11 l t til(' o_,._ice 0: the:; v="t;r vlbrk of tllf. Jity 0f \..iL.l' .ont, t t t,?O o'clocl: i. ~,. 011 Octo.::.c': 2n~, IE25, for the ....u:i.:>ose 0:;:' l"eceivin,: bils :.'01' t:iE: bi:le in bon(s of the Ci ty o:~'l.iler; :.:mt, :'_:~ the SUl,; of Forty T'b.ous,'l1( ~ollc:',rs. U;~un roll c.::11 it v:, fi :fo:m:~. '~:'u.c. -c t~~e follo~in, ~ 111 me( CO',l.l1ci1yaen tT.:.l o.;:'::ice~:s 0::: t:J(;; J~t:. 0:: '"']... r,.;~nt 't7e'.c :loe'sent: H. O. Brov.rn, }'!'csic..cl1t 0/ tlH:: Go~',ncil, AnC:,.y iic.s~.:.ci;'[" W. i:. Besb, C. .i:!... TE.,"lJor e,llci. lse";l :61t:,c~:burn, OO'i..mcillilen; if. H. l1cKinney, l.:t.yor; B. W. Wz.it, v::.t~:T .t..ttorney; ,-ll~. 8te1lL Tr..O;~i~,~Eon, Wit,'" vle:::k. The 4leetin~~ 17: s '~:res ii.~ ed. over ;)':1 1:1'. H. O. Brown, Fresi( ent o:~' t:;lG v)uncil. ThE;J:.'(;-,l)011, .,~~~l. ..;.:. t:~ loll f-.r-l: : :.'t;sent eel to the Go~..nc il proofs 0:'" "u.ilict. tlol1 o:~. t,ac E:[,lE. of 'bonCs, which, on motion ." .,<'" (~-uly U1l..,C,: e (.,1:(,. ::..eco:l(;.ec..., '1J,C:::O JI'(E.r~(:, ~~ile\:.;, :'.fltile E::'cj:~i ves 0:':- f f ~ "~'i ~ ~ ,.,. ..' \) ! ..;,~""" ,\ 'I .." 'I '") \ . :\. I J, t~c vitI. T:i.le:;. {';"'!.:JOl1, 1~!'. H. (). BrOl:'!l, J.~resic, cn t 0:: t~,'C 01 t .:' 'Co....l:.lcil a.nnou..l1cec;. tht -:' 'l;_::; Li.~Yy Oouncil '\"JOJ.lc::, :ccceive _,iC"s :.:'or- t~li.,' G.lt: 0:;: ~/Oj,l(';:; 0::;' t__ Oit/ 0:;:' -.Jl_ .C:.l"G, Ll t:i.le r.:pI'oxLiEJ.te ai;iO~~l1t oi $40 ,000 .00, ~')ursuc~n t to t:ilE. '_~rOviEi onS of [!. .act ice pu':Jlishe(~ in t:~lCUlex'J:~oat .2ress, on Se'PtE'm'ber 10th, 17tll, 24th ['!K. C>cto')er 1st, :'....;:;5, Ul ''.ll.'E.u,-nt to the :'urtl::.cr ':J.'oviE:i,;ns of f,. notice :ublisheC:. :Lnt~le j~c.ily Eonl: :B'..lyer, h ::'inLi'lcic,l ne1":"'S- 'Xl-1eJ.' )u';)liE:~H:;c~ ::.n t...1G 0iJ;;i' 0::' New Yor:;:, on _--J 19~5 . The::':'E:u',.' )n, the:::'C' \"Tel'e E.u~j;;li tt(.( ti~(; f'ollo1;;'in oi(-:'s: 1. Stranahan, Harris Be Oatis, Inc., $38,841.00 J. O. 1i..ayer Be 00., $39,200.00 cnd accrued interest, 2. 3. $40,000.00 Wright, Wa~low Be 00., . '- ..~ .... .~. . .,.- ~ - 2 - Thereupon, ur~on moti ~n cluly :~f;.de c.nL:. chrried, t~le Council went into executive seesion for tile ,>urpose GZ consi:::er:ing s: L:: bios. Thereupoh, B,~.id Council having considered st~id bLdS, u on motion of Councilman Bess, seconded by Co',mcilman Te,bor, Bid No.3, submitted by V:right, Wc:'rlow & Company, of Orlando, Florida, w<, s accepted for forty improvement bolli:; of the Oi ty of Olermont, of the denominati n of One Thousand Dollars ($1,000.00) ef-ch, bec,ring Lltere;;:;t c,t the rate of ~ per annum, payable semiann~,lly, both principal ~nd interest being payable at the AmericE:,n Exchange N,-tional Bank of New York, c,nc m.atur- n ing fr~n one to ten years. Upon motion duly made and carri,ed, the Oi t, Clerk w, s instructed to copy into the minut....s of this r:let:,ting the bid of the successful bidder, LS follows: PROPOSAL FOR BID Honora.ble \Ji ty Council, Olermont, Florida. Gentlemen: For 840,000.00 6'/0 City of ulermont bonds, being de.ted July 1st, 1925, described in the attached notice of sale as being offered for BEla at this time, which notice i. hereby made a part of this bid, we will pe.y $40,000.00 and aocrued interest to o.Ete 'of delivel'y, an:... will accept delivery and pay for selid bonds in accordance with se'io. notice of sEle. We enclos e he I' ewi th check on . y bank i~ the amount o~2000.00payaQ1e to the order of the City of vler~ont. This check is to be re- turned to Ut, if this bid. is .not ['!,ccepted, othel'wise to be helo. at said Oity, End r:hen the bonds are delivered and paid for under the terms of this bid, to be considered ,:,(; an advance pl:'.rt paynk nt therefor, or to 'Je rete; ined ;: s c;n(i for liq~idated dam- ages in case we fail to tt.ke up and pt'.Y for :0;, i6 001108 at the time and plcce ste,ted. WRIGHT, WARLOW & CO.qfANY, By L. C. LEEDY, Agent. Aduress: Orlando, Florid~. . . .,.1 ...... .- -~ - 3 - TheI'eupon, '..l~:_on r:iOti:n duly EIE.c\ e anc:. c~rried, &11 othe bid,s sub::;1ittecl were reijecteci by t~:e Oi ty Council, FnQ tilE: Oi t Y Clerk was ins tr'..lcteci to I'eturn to E;C'.ch of the unsuccess- I'ul biciciers their cert i fi(:c checks a ttCJ,chec~ to their rei:: pect i ve bids. Thereu~:on, u~Jon ,~~ot i.:m duly r:lade and. secor.rled, B.nd unC'.nirnously carriec., the F'irst Str,te Banlc of Cler:';:ont, :B'loric.c:., WrS (esig~latcG. as the::'_e~iosi tory :for Forty ThousrnG. Dolle,rs (~~40,OOO .00) to be 6.erived fro;;: tile St Ie of the bonds of the City of vle=~.:ont, the issUE.-nce wlli:ereof WLS c:.u:~, euthorized by resoluti-::n pc,sEed anci. [';,(io)ted. by the Oit:, Council , on6. received c,nd a::'))roved by t~e lia}or on the 6th (~e_y of August, .A. D. 1925. The Presici.ent of' the Co:mc:'Ll then callee. w'.on ti.le Ui t'] Attorney to read the )roposecl lee: L' e frOil': the Oi ty 0:':' GIs rJi,ont to Mesers. Henry OonrEd, T. L. Hene.rix, anC H. D. Wpshburn of the- block bounded on thi;: n,:rth 'oy Center LC:l.}~e, onthe eC'.st by' l!;ighth Street, on the sout}:~ 'i):/ Hie~hlf'.nd. Aven.ue, [:.n:~ O~1 the v,;est by West .Avenue, pursuant to b. resoluti'J"l of the Citr vouncil edopted on the Is t c:., Y Of' June, ~-.... D. 1925, o,nc the CO~l trL ct '0etwe~Q the Oity 0:' \Jler.::ont <:,:1(, tl':b s.:. iC:; pnrties, executed in e.ccol'C.s"nce with s...ill resolutLn. T'.ne Oi t y .Attorney tl1c:'n re Ld :the proposed lc.E..se, CO>1 of which is ES follows: a ~ Thereu:':on, on i:10t 2. n c~ul:: m" e End s ecoi....<ieci, the :followin[;: l'esoluti :;E "::.S unc:~ni1:~ouslJ <. Co)ted: WHE?.Ei~S, on the 1st C:;.ey 0:: J"..lll€, ~i..D" 1925, pur- sUE..nt to c. reeoluticIl cu::..y )c.sseQ. C.ilJ:.'. ~,do:)teC "01 t~':e ...iity OOilll- cil 0:: the 0i ty O:i:' ulcr~.ont, ene. l"eceive( ;':;,n~ c~,~':~,roved by the llayox on thc;.t C:c:,te, the iJity of vIE;x,:o:lt entered. into a con- trf"ct wi ti.l Mesbrs. Henry Conrad, T. L. Hendrix [,ne: H. II, Vla.sh- "ourn wherein [:,nci whereby it c.::rec:,Q to lc..c,se 1..U1to the :JC:.rty of the SeCO!1cl,Ext, their heirs (.nd. assigns :for e. ',":erio{. of' nine- ty-nine years, that certain percel or tr2ct of l&n~ situate in t';._€ Sc.,L:. vi ty 0:;: vlcl':..ont, L, '~:,€ GOL1....1ty, "'lo:r-L.c., 'lma{...ed on the North by Oen tel.' LQ.:~e, on t:l.1€ eE;L t 'Uy .i.!;i:u':hti.l ihreet, 0:1 tile south 0Y Hi2;hltin6, Avenue, &n0. on the west "8y West ..l.venue, G t ana. for e.n cUl.IluL.l rento,l 01 One Dollar per annum cuxin!: the term of s; id lc.:nse, in cOllci0.c_',: tL,n ,:,:' t~-le coveriel1ts 0:;:' ti.1E: ;]art IX.rties of thE: s econoJto erect the:;:"eon a modern hotel 0uiL.I ini3: to contc;,in not less thr.a one l1undr(;;G :;:'i:.:ty ,:;uest rooms; upon the C'/~lc:. it i,m th(:,t s.: L:,,;L.rt ie8 of tile 8eco:':1..: ,,[~l't s~loul(.. ()esin construction Oi E: i0 bot61 ~~il( ~n within thirty (~J) ~ays from c:.n:. Ll'ter th~ le:i.ive:r to tJ.H:;l!l by the 8Li6. vit] 0: Ole1'.:lont 0:':' suell lease, to!c~ethe1' wit:: :Jf,:,t isf.: cto1'Y evi6.ence tJ.l<: "l; ti1€ G i ty of Glcr;(iont own(;;c E~" it ;;l'o:,::,<..::cty in 1'CL shlple; a.nti. :;-:,a.1'ties of t:le SeCO:l0 ~)E.rt :;:'urtlleI' covenc..llted to cor.r-:,lete thE: 2ol1structin Oi:' E['i,:~ hotel ou.ilc" in" 1['i thin a. reEsonaple tiac therec:.ft er, not to exceeo., in [;;.ny event, <:'6rio;::: 0:': twelve .:10ntl18 ~:'r();ll c;.nCL cli'ter t.i:.e :;;,c. te u~ ;on ViJ.lic":. tllE:: construct ion shoulc jE: '.)ee;'W1; and ~\iHl;;':'E~~S, t~le 'v:"'~y 0:;:' vlt:.r ant i,:;rei:,(i to rH'3I.fect the tiile to s~_,i;:. l<."~n(..s :)y ;',leans 01.' ~.' suit to quiilt title', which !leE been {one: and VIHE2E.tlS, it is noV,'" o.eemed acivisa::le on the "'Lrt of tlll' Oity of ~lel''':ont to cOllsent to c. ::'ecluction in the r..:ltLer 0" -'" ...l. guest rooms from one llu.:l:ireci fifty to one huncLred, End to mociii'y the terms 0:'::' L, i6. C ,:'1'1..: e.11E:ll t in cer'~,c:in particule,rs, I'elelt in;,: to the time of conll:lencin.-' &nCi cOj!l~.Jletin' ti."J.c CD.i"lstr;lcti::::, 0:,:' E~id. hoteliJuild.in, : .'. ~ No\'.", THE~:~..:J'ORi., BE IT RESOLVED, The,t the Mayor, Presi6.ent 0:[ tile J.'.ty Uounci1, LIlt:; \;le1'1::: be, and they ~re hereby c:.uthorized to execute en behc:.1f of the vity of G1e:'.'lilont anti a.e1ive}: unto the sc.id Henry Conrad, T. L. Benq.rix a.ne. H. D. Washburn L lease on the a.bove c.escribed premises for a period. of ninety-nine yeErs in the :i'orm which l~[-s been :;aepared ~y t~e Oity Attorney. The!'eu~)on, ,4 on moti -n duly mac,e Ll1d. seconded, t:Lie meeting e,djou::-nec. t~ ;;leet E..:ain u}',;on th." call of tl:e l~resient. Approved: President, Ci t:r lJounci1. Attest: City 01er:-:. ,~ ~ -....,.... ,.,... ~'. I , ; I . I . 1 I ( .. , BOTIOE OF THE SALE OF BeNDS or THE CITY OF' CLERMONT, LAKE COUNTY, FLORIDA. lotice l':Jhereby given that the City Oouncil of the Oitypf Olermont, Lake Oounty, Florida, on or before two o'olock P. M. in the afternoon of Friday, the 2nd day of October" A. D. 1925, will receive bids for the purchase of bonds of said City of ~lermGnt, in the sum of J orty Thousand Dollars (.40,000.00); said bonds shall be issued in the de- nomination of ONE THOUSAND DOLLARS ($1,000.00) eaoh, and shall mature in the following manner, to-wit: 1 to 10, both numbers inclusive, July 1st, 1935; 11 to as, both numbers inclusive, July 1st, 1945; 26 to 40, both numbers ihclusive, July 1st, 1955; Said bonds shall bear interest at the rate of six per centum (~) per annum, pM&ble semi-annually on the first day of January and the first day of July of eaoh yelU', wit~ interest to be evidenced by interest ooupons to be attaohed to said bonds, all both prinoipal add interest to be payable at the j,merican Exchange National Bank of ~ew Yorl: Oity. Bids shall specify th&t interest will be paid by bidders from the date of the bonds to date of delivery, and shall state the number and dates of maturity of the bonds bid for; the bidders shall depostt with soid bids a certified check made payable to the City of Olermont, for the sum of five per centum (5%) of the amount of the bid; all bids shall be addressed to tiss Stella Thompson, Olerk ,(f the Oity of ~lermont, at Olermont, ,.. Lake County, Florida, endoreeci on the outside:' "Bids for ~onds of the Oity of Olermont, Lake Oounty, Florida'. The Oi ty Oouncil of the Oi ty of Ulermont reserves the right to reject any or all bids which may be submitted if said Oity uouncil deems it for the interest of the said Oity so to do. Attest: OOPJOIL OF THE OITY OF OLERKOIT By President of Counoil, City of Olermont. O1erk.. Ciitv of Vlermont . .. ,'...~