Fort Walton Beach Council minutes — 05-01-1963 Special — reading text

51 MR. LEONARD HANAUER PRESENTED A REPORT TO THE : CITY OF FORT WALTON BEACH ON ~ INANCING, DATED MAY I, 1963, SETTING FORTH THE PROPOSED PLAN' OF HIS COMPANY. COUNCILMAN TOLBERT ASKED MR. HANAUER IF HE WERE PREPARED TO MAKE THE CITY AN OFFER. MA. HANAUER REPLIED THAT HE HAPPENED TO HAVE, BY COINCIDENCE, HIS COMPANY' S OFFER. HE THEN I PROCEEDED CITY OF COUNCI' LMAN TO READ FORT WALTON. BEACH, LONG1 FOR A LETTER THE DA~~ FLORIDA. RECORD, O APRIL MADE 30, THE 1963, FOLLOWING ADDRESSED STATEMENT: TO THE THE HIGH BIDDER OUT ~ F SIX BIOS BID A FISCAL ACENT FEE OF . 75% WHICH AMOUNTS TO $ 8, 625. 00, TO WHICH ADVERTISING, PRINTING AND OTHER 6HARGES TOTALLING $ 3, 250. 00 MusT BE ADDED. THIS IS A GRANO TOTAL OF $ 1 I, 875. 00 IN COSTS TO THE CITY. THE SECOND HIGH BIDDER, PIERCE, CARRISON & WULBERN, OF BIRMINGHAM, ALABAMA, BID AN ALL INCLUSIVE FEE OF . 6% WHICH AMOUNTS TO $ 6, 900. 00. THE FIRM OF PIERCE, CARRISON & WULBERN MADE A FIRM BID OF . 375% RATE ON THE UTILITIES TAX BONDS WHICH WERE BEING CONSIDERED AT THAT TIME. PARALLELING THIS OFFER TO THE PROPOSAL OF IRA HAUPT & COMPANY THERE IS A DIFFERENCE OF $ 4, 975. 00 IN COSTS AND AN AVERAGE DIFFER- ENCE OF . 175% INTEREST CHARGES." MR. HANAUER SUGGESTED THAT IN VIEW OF COUNCILMAN LONG' S FEELING HIS COMPANY, WOULD NOT SUBMIT ANY BID AND WOULD GO DIRECTLY TO PUBLIC SALE. MR. TOLBERT MOVED THAT THIS MEETING BE RECESSED UNTIL 7: 30 P. M., BUT AFTER DISCUSSION, MR. TOLBERT WITHDREW HIS MOTION. COUNCILMAN JONES MOVED THAT COUNCIL ACCEPT IRA HAUPT' S OFFER TO BUY THE UTILITIES TAX CERTIFICATES AS OUTLINED IN THE PROPOSAL JUST PRESENTED. MR. TOLBERT SECONDED THE MOTION AND THE VOTE WAS: AYE - ~ OGERS, TOLBERT AND JONES NAY - LONG AND CARNATHAN AT 5: 57 P. M. MOTION WAS MADE TO RECESS THIS MEETING UNTIL 7: 30 P. M., COUNCILMAN ROGERS SECONDED THE MOTION AND THE VOTE WAS: AYE ROGERS, TOLBERT AND JONES NAY - LONG AND CARNATHAN I MAYOR RECESSED MEETING UNTIL 7: 30 P. M. MAYOR RE- OPENED MEETING AT 7: 28 P. M. COUNCILMAN LONG READ WAIVER OF NOTICE OF MEETING. INASMUCH AS THE MEETING WAS CALLED FOR THE PURPOSE OF THE PRESENTATION OF THE BOND ORDINANCE BY MR. LEONARD HANAUER, AND AS T~ E ORDINANCE HAD ALREADY BEEN A DOPTED, THE MEETING WAS OUT OF ORDER. ATTORNEY SMITH SAID THIS WAS TRUE. COUNCILMAN LONG ~ OVED THAT THIS MEETING BE ADJO~ RNED, SECONDED BY COUNCILMAN CARNATHANo r.: ( ;.\ IN VIEW OF THE MOTION BY COUNCILMAN LONG AND BECAUSE SOMEONE MIGHT TAKE ADVANTAGE OF THE OFFER OF IRA HAUPT & COMPANY, MR. HANAUER WITH@REW THIS QFFER AND REQUESTED THE TWO CO~ IES OF SAME WHICH HAD BEEN ~ ANDED. TO THE CITY MANAGER AND CITY ATTORNEY, RESPECTIVELY, BE RETURNED. HE FURTHER $ TATED THAT ~ E WOULD RETURN AT WHATEVER DATE WAS SET FOR NEXT COUN~ IL ME~ TING AND MAKE AN OFFER AT THAT TIME AND WOULD LIKE THE OPPORTUN. TY TO DO SO. COUNCILMAN TOLBeRT CALLED A SPECIAL MEETING OF CITY COUNCIL, AT 2: 00 P. M. ON THE AFTERNOON OF TUESDAY, MAY 7, 1963, AND STATED THAT NO NOTICE OF wAIVER WAS ~ EQUIRED. MAYOR ADJOURNED THE ME TIt,lGAT 7: 41 P. M. ADOPTED ~ iI, ; 0; 63 U APPROVED~ t;~ MAY ~ ATTEST d~ ) j_ CITY CLERK CV---'