100525 mINUTES
CITY COMMISSION, SANFORD, FLORIDA,~_S~F.~]~0N OCTONER 5,
1925 at 2:30
Present: Co~missionere, Forreet Lake, S 3 Chase ana C J .,:ar~:ha~l, City Attorney
~¢.~e A DeCottes, City Lanai'er ?; ? rilli.%ms, City Engineer, Fred · ""' '~
L ~ Philip
At T':o O'Clock P.M. the Chairman announced that the hour had arrived for th~ opening
of hide For the purchase of ~ ' .... ~,~ ~ o i
~=u~ of bonds in ~= sum of <2=~,000.00 authorized by
Resolution '~ ~y Commission of
~;o 239, adopte~ by the ~'~
· ~ t.e City of Sanford, Florida on the
24th ~
,~y cf ~u~uot A.D.1925.
Thereupon, all sealed bids received by the City Commission ~re ordered ~ Oe
~d re~d, ~nd the following bids were th~n ~d there opened ~d read.:
Lane-Piper ~ Jeffrey Inc. and Brewer -Srown & Co. (A) ?r 5~- bonds p~r and a premium of
~2016.00 ~itn ~ccrued inter,st
d~t~ of delivery
(b) For 57' 'bonds ~162.400 or ~97.25
~luu~.~ c~n~, with mccrued interest
to date of delivery.
Spitzer,Rorick ~ Co. (a) For 6j bonds 2 o,6 y.oo with mccr~ed
interest to date of delivery.
(b) for p~,~ bonds $222,Ol1.00 with
crued interest to iate oF delivery.
Stranahan, Harris & Oatis For 5)( bcnds ~219,Y60.00 with ac-
crued interest to date of delivery.
'" X Terry & Co . For 5~ bonds ~21y,293.60 with ac-
crued interest tc date of delive~
No ~rther sealed bids having' been received, the Con'~issicn ~.o~e:.d to consider all
~s submitted, and after a care~l consideration and examination cf all bids submitted
came to the conclusion that the bid of Lane-Piper & Jafffray, Inc. and Rrewer-Dro,lm & Co
of iinneapolis, Ninn For sail ' ~:~
:~o,~o to bear interest at t:~o r~t~ of 5~( was the highest
and 0est bid received for the purchase of s ~id bonds,
Thereupon Cc~missicner S 0 Chase offered the ffoilo.¥in~;; resolution, ~hich ws
unanimously a~opt ~d.
"¥%~re~s.~ L~e-Pip~r & e~.zr~y Inc. ~nm ~rever-Bro,~n & Co off L[inneapolis [linn.
have submitted a proposal flor the purchase of ~ i~u~o~ of bonds of the City of [~anffora
Ylorid~ in the sum cf ~:22~,~O.uO authorized oy ~esolution $239,
City Commission of the City of °'n~'~,~ '
,:~, ~-~, Florida on the 2~th day
advertised to be aold on this the 5th day cf October A.a.~2p, said proposal beina in
,~orao and ffi6ures as follows, to-wit:
~r~.~.n~o, pth 1925.
To Honorable City Co~ission
For your bonds as officially fiesc~'ibed ~ ~
~n~ recited in the
notice of sale which is hereby male a part of this p~opoo_~, ~e~:v~:.ed to us in lin-
ne:::polis, '[inn, we will pay you.
~cn~o ~arzn~:' interest mt the rate off x 3/", the ~ar value thereof
plus accrued interest ffrom date of b~nds tc i'ata of !eiivery :md a
premium cf .f2016.CO or l~09..~t >ar .:l~.00
2 For bcn~s bearin~ interest at ';ne rate ~f i.- .~u~.400 .ulus ~u~-~ int~rst
or {97.25 per ~.10~.00 bcnd~
;.e ~ttache hereto our certiffied :snook for cp,~O.0C to :~ r~urned pro~ptly
in cas~ this bid is not accepted and otherwise tc ;'~
~ uo~ as part payment of the sones.
Respect fully ssbmitted
Brewer-Brown k Co. ~nd L~ns Piper~ ~ J~ffray Inc.
passed and adopted by the
of August A.E.1925, adver~i
CITY COMMISSION, SANFORD, FLORIDA,
MINUTES
3 Co. of iiuneavclis ;,'inn. for
at the price set forth in the
of Zinneapclis, finn, to b~ar
cepted and
Inc and 2rewer-Brcwn & Co. of ,:inneapolis, !,~inn., cfferin~ to purchase all of said
bonds upon the terms and conditions set forth in s~id bid to bear intorest ~t the r~te
cf 5~-~ is the highest and best bid received for the purchmse of said issue of bonds.
THERE?0XE, BE IT MESOLVED, that the bid of Lane-Piper & Ja£fray Inc, and Bre':,,er-2rown
the purchase o~ said issue of bonds in the sum of
staid bid cf Lane-Piper & Jafrray Inc. ~nd Rre,:er-Bro'~m & Co.
inter~st at the rate cf 5~J ~e ~nd the same is h~reby ac-
th2t th~ s%le c~ s?id bonds hsrsin~Uove described, adv-~rtlsed for
c~r ~ ~o .~ un~ the
by the City of ?mfcrd, Florida, on this the 7th d'y
hereby aw~rded tc ~ ...... ~ ~a~fray ~ ",
u~on ~'~n~ ~ terms ~ ,~,ni~t~no- ' '~ - an~ ~t t~o~- ~ price set ~.~:~'~'~h in the s',id bid off Lane-Piper
Jaffruy, Inc. aaa ...... r .... n ~: ~c. of ' innempciis finn, tc
ere hereby ~t~ol'lZe~, instr_c~ ~n,1 empo,:cred to
.~.~ne intere~ ~t xs ..~r~.in-L~ve describeZ tc L:ne-Pi'oer
p~.~n~r ~n~r~of unapt this ~;;~rd upon the
payment for s~id bonds by Lane-Piper i J~i'fr.~y Inc, zn~ _z~.er Brc~m ~ Co cz :.:inneapolis
.~tn in thc p:opo~z cf s.il ~" _o..~.~ T
~I the price therefor as sot ~' '
resolution ~cceptem by ~ne City
For ~'est Lake
C J krshall
As ~e City Conm~ission c~~ tho City
of P:nfcrd, Florida.
L ~ P h il_ilo S
City Clsrk.
of
CO.
line~l foot, being the same price as received by them on ~ =t side cont£~ct.
n~cessary to use fifteen or
~o~a =,'~ ~' '¢" E ' Douglass, " ' and a Co:iimitt~e
The route of S~at~ ~ - ~3 as g~ozon_t~d by ,,~
~he Ca~nber of Com.~rce was approved oy th~ City Co=mission.
The City ~n~ger 'w~s ~uthorized to enter into ~ ¢ont:~ct .vith th~ Hutton Coa~truction
for th~ construction of the West Sid~ Bulkhead. Piling used 1~ feet long :~ ~7.75 ~er
In o~se i~ is
lln~ foot respectively.
The£e heine no ~urthsr business ~ae meeting,~3'ourned.
Attest: