022827-Regular Meeting mINUTES
CITY COMMISSION, SANFORD. FLORIDA,__ Regular [[esti~ Feb.
28, 1927 at 2 P.~
Present Commissioners Forrest Lake, $ 0 Chase and E F Housholder.
City Nanager, W B Williams , City Engineer Fred T Williams, and City Attorney, George
A DeCottes.
The Chairman , Forrest Lake, announced that the hour had arrived fur the opening
and consideration of bids for the purchase of $470,000100 City of Sanford, Florida 5~% Im-
provement bonds, and, thereupon, all sealed bids for the purchase of said bonds received
by the Co~uission were ordered to be opened and read, and the following bids were then opened
and read to-wit:
Grant & Co. Inc.
The Barnett National Bank
Jacksonville, Fla.
~3 Wright, Warlow & Co.
Orlando, Fla.
N ~ Etkins & Company, Walter
Woody and Heimerdinger, Wiel,Roth
& Irving Co.
~5 Ryan, Sutherlin & Co. A T Bell
& Co.
~6 ~! F $chlater & Company, George
H Burr & Company
For 5~ oonds
For ~ Bonds 462.816.00
For ~% bonds 467,086.00
For ~% bonds $~61.011.25 with accrued interest to date
of delivery
For 5½% bond~i, $~58.367.50 with accrued interest to date
of delivery.
For ~ bonds
For ~[-~ bonds 4~2~275'00000.00
q-57,
For 5~% bonds $~55,964.22
For 5~% bonds $460,130.20 with accrued interest to date
of de~very.
For 5~ bonds ~468,167.50 with accrued interest to date
of delivery.
l¥illiam R Compton Co~any,
Dillon & Company, Chicago
Eastman, ~i~
Illl. For 5~% bonds $461,211.00 with accrued Interest to date
of delivery.
For 5½% bonds $~64,542.00 with accrued interest to
date of delivery.
~8 Prudden & Company, Brown-Cru~nner Com- pany , Toledo, Ohio. For bonds $465,805.00 with accrued interest
of delivery.
to date
All sealed bids having been opened and read, the Commission proceeded to consider all
bids submitted, and after a careful consideration of said bids, came to the conclusion that
the bid of M F SCHLATER & COMPANY and GEGRGE H BURR & CONPANY was the best bid received for
the purchase of the .$4y0,000.00 City of Ssnford Florida ~% Improvement Bonds, said bid
being in words and figures as follows, to-wit:
"Sanford, Florida
February 28, 192~.
Hon. City Commission
Sanford, Florida.
Gentlemen:
The bid hereinafter following for $4?0,000.00 City of Sanford bonds is made in ac-
cordance with your official notice of sale which is attached to the said bid and made a part
it.
For $470,000.00 City of Sanford 5~% bonds, more particularly described in the attach~
ed notice, we will pay $~68,16~.50 or 99.$1% of par, and accrued interest to date of deliver~.
For $~0,000.O0 City o~ San£ord ~% bonds, more particularly described in your official
notice, we will pay $~60,130.50, or 97.90% of par, and accrued interest to date of delivery.
~e understand that you will furnish the ~oproving opinion of Caldwell & Raymond, Esqs
New York, and will furnish a complete certified transcript of proceedings had in connections
with the issue.
CITY COMMISSION, SANFORD, FLORIDA,__
MINUTES
February 28
27
Thereupon, the following resolution was offered by CQ~issioner Housholder and
uns~mously adopted.
';.~EREAS, M F Schlater & Compa~ and George H Burr and Company have submitted a
proposal for the purchase of the $470,000.00 City of San£ord, Florida , 5½% Improvement
Bonds, advertised for sale on this date, said issue of bonds being dated January l, 1927
and to mature serially over a period of ten years, the proposal for the purchase of said
bonds being in words and figures as follows: towit:
Hon City
Sanford, Florida
Gentlemen:
Sanford Florida,
February 2S, 1927.
The bid hereinafter following for $470,000.00 City of San~ord Bonds is made in
accordance with your official notice of sale which is attached to the said bid and made a
part of it.
For $470,000.00 City ofSanford 5~ bonds more particularly described in the at-
tached notice, we will pay :$468,167.50 or ~.61% o~ par. and accrued interest to date of
delivery.
For ~470,000.00 City of Sanfore 5~% bonds more particularSy described in your
official not~ce, we wzll pay ~4o0,130.50, or 97.90~ of par, and accrued interest to date of
delivery.
We understand that you will furnish the approving opinion of Caldwell & Raymond Esqs.
New York, and will furnish a complete certified transcript of proceedings had in connection
with the issue.
As evidence of our good faith and in compliance with your official notice of sal
attached to this bid is our certified check in the sum of $9400.00 being two per sent of
the par value of the bonds to be sold.
Respectfully submitted,
M F SCHLATER & COMPA~
57 William Street
New York City.
By: Marchall Daucy, Agent.
And,
GEORGE H BURR & COI~ANY
New York City.
WHEP~AS, it is the opinion of this Co~.m.uission that the bid of
and GEORGE H BURR & COMPANY is the highest and best bid received for the purchase of said
bonds therefore,
BE IT R~OLVED, that the sale of said bonds be, and the same is hereby awarded to M.F.
SCHLATER & CO!~[PANY and GEORGE H BURR & COI~iPANY upon the reruns and conditions set forth in
said bid.
A}~D BE IT FURTHER RESOLVED, that said bonds be delivered to M F SCHLATER & CO[~ANM and
GEORGE H BURR & CO~,~PANY upon the compliance by M F SCHLATER & COIiPANY and GEORGE H BURR
& COMPANY with the terms and conditions of their bid."
Upon motion duly adopted the Clerk was authorized to
cancel the following personal
Taxes on the 1926 Roll.
L H Cocks 3.75 Not in City 1926.
W B Lynch 4.90 Not in City 1926.
B C Moore 9.40 Not in City 1926
Charles Rogendorf 6.00 Double Assessment
W B Lanier 7.50 Over-assessed
Harry J Scott 9.40 Not in City
3-75 Over-assessed.
Fred E Russell
MINUTES
February 2S
CITY COMMISSION, SANFORD, FLORIDA.__
49 27
s. Lot s 16 ft of Lot FTr.
This property ovmed by V;idow, %his cancellation is
Widow's exemption .)
7- 50
E 1/2 Lot 2 Blk 1, Rosalind Heights ............... 16.25
(Assessed with house, appears to be vacant.)
Lot 25, Beck's Addition .......................... 18.75
(Assessed with house, appears to be vacant.)
Also 1926 Personal Tax as follows:
Atlantic Coast Line Ry. Co. trackage
( It appearing that City survey was made after Jan.
l, 1926 same ~as correceed as per Railroad Co.
Survey as of Jan. l, 1926.)
659.76
Total. 795.36
The fidelity bonds of Forrest Lake, S 0 Chase and E F Housholder, City Commissioners
of the City of Sanford Florida, ex-officio members of the Board of Bond Trustees in the
sum of Twenty Five Hundred ( 2500.00) Dollars each, conditioned upon the faithful performance
by the said Forrest Lake, S 0 Chase and E F Housholder of the duties devolving upon them as
Bond trustees in connection with the issue of bonds by the City of Sanford Florida, in the
sum of Four Hundred and Sevent$ Thousand (~70,000.00) Dollars, duly executed by each of said
bond trustees, being presented, and the City Attorney, advising that said bonds were in cor-
rect legal form and properly executed, the said Fidelity Bonds of the said Forrest Lake
S 0 Chase and E F Housholder, as Bond Trustees as aforesaid, were duly approved as to amount
and legal sufficiency.
The City Co~mnission then proceeded as an Equalizing Board to hear any com plaints or
objections as to the proposed paving of the Following Streets:
Under Reso,
336 - Union Ave from Scott Ave.
336- Fourth St. from Scott Ave.
336 -Eighth St. from Scott Ave.
" " 335- Virginia Ave.
There being~objections filed,
confirmed.
to Virginia Ave.
to Virginia Ave.
to Virginia Ave.
from S~min~le Boulevard to Eighth Street.
the Assessments were declared equalized,
The following bills were read, approved and the City Clerk authorized to
in payment for same. ( For list see Distribution book)
There being no further business the meeting adjourned.
Attest:
City Clerk.
approved and
draw checks
Mayor