Fort Walton Beach Council minutes — 03-22-1963 Recessed — reading text

133 MINUTES OF RECESSED MEETING OF CITY COUNCIL MAYOR OECLARED RECESSED MEETING IN SESSION AT 6: 39 P. M. ON FRIDAY, I MARCH REPOR~ S ATTORNEY' 22, 1963, FROM ~ S~ BARCUS & EE, WITH IRMS KINDRED ALL CALLED READING MEMBERS AS FOLLOWING ON $ TO 1, THEtR OF COUNCIL PRICES QUOTATIONS: 400, 00 UTILITY TAX PRESENT. WITHOUT MANAGER NATIONAL ONLY - . 49 ' GAVE 01'"1% HENDRIX & MAYES 3/ 4 OF 1% HUGo! MARX 13. 00 ~ ER 11, 000 BONDS FOR FIRST $ 1, 000, 000 2. 50 PER 11, 000 BONDS ALL OVER 11, 000, 000 INCLUDING ADVERTISING AND PRINTING NOTICE OF SALE LEEDY - I'" IXED AMOUNT, SAME AS PROPOSAL PIERCE, CARRISON, WULBERN, INC. - . 6 O~ 1% IRA , HAUPT & COMPANY - 3/ 1%, 401'" PLUS PRINTING, ADVERTISING AND DISTRIBUTION OF STATEMENTS NOT TO EXCEED $ 4, 000. COUNCILMAN COURTER ASKED SECRETARY TO READ MOTION OF MARCH 2LsT TO SEE ON WHAT BASIS THESE FIRMS WOULD BE CONTACTED, AND WHAT THE DECISION WAS. A~ TER SECRETARY READ COUNCILMAN CARNATHAN' S MOTION, MR. COURTER STATED HE DID NOT THINK A LOW BID OR A NEW BID WAS WHAT WAS WANTED. MANAGER STATED THAT A BID ON FISCAL AGENT' S~ EES WAS THE BASIS OF THE CALLS THE PREVIOUS AFTERNOON. AFTER MUCH DISCUSSION BY AND BETWEEN COUNCILMEN AS TO THEIR PAST ACTIONS OF SOME SEVERAL DAYS, THE SPLIT DECISIONS, ETC., COUNCILMAN LONG MADE A MOTION THAT THE RECOMMENDATION FROM FINANCE COMMITTEE O~ 21 MARCH AS TO THE HIRING O~ THE CITY ATTORNEY AT 1% AND AS TO THE FISCAL AGENT WITH THE EXCEPTION THAT THE FIRM OF PIERCE, CARRISON, WULBERN BE IMMEDIATELY HIRED TO NEGOTIATE THE TWO- MILLION DOLLAR BONO ISSUE AT PUBLIC SALE. SECONDED BY COUNCILMAN CARNATHAN. IN THE DISCUSSION WHICH FOLLOWED AS TO THE LOW BIDDER, THE CHANGING THE 01'" BIOS TO EXCLUDE CERTAIN FACTORS AND TO INCORPORATE OTHERS, THE MANAGER CALL EO TO THE ATTENTION OF COUNCIL THAT THE FINANCE DIRECTOR HAD CONTACTED THREE OTHER FIRMS. MAYOR POLLED VOTE ON COUNCILMAN LONG' S MOTION AND THE VOTE WAS: I AYE CARNATHAN & LONG NAY ROGERS, JONES, COURTER, READY & TOLBERT COUNCILMAN COURTER MOVED THAT COUNCIL HIRE IRA HAUPT AS FISCAL AGENTS TO PUT BONDS ON PUBLIC SALE. IRA HAUPT II'" ACTINGAS FISCAL AGENT I'" OR THE CITY MADE OF~ ER BEFORE GOING TO PUBLIC SALE, WHICH COUNCIL THOUGHT WAS BETTER THAN GOING TO PUBLIC SALE, COUNCIL RESERVES THE RIGHT TO ACCEPT THEIR PROPOIAL IF THEY WAIVE THE FISCAL AGENT' S FEE. I~ COUNCIL DID NOT WANT TO SELL BONDS TO THEM ON NEGOTIATED SALE, THEN PROCEED TO PUBLIC SALE.  AI COUNCILMAN CARNATHAN STATED AS A MATTER OF PUBLIC RECORD THAT EVERY MEMBER OF THIS COUNCIL WHO VOTED FOR THIS MOTION WOULD BE GUILTY OF GIVING AWAY $ 10, 000 OF THE PUBLIC' S MONEY. COUNCILMAN READY AMENDED COUNCILMAN COURTER' S MOTION TO STATE THAT THE COUNCIL HIRE IRA HAUPT BECAUSE THE CITY MANAGER AND THE CITY FINANCE DIRECTOR WHO HAD WORKED TOGETHER WITH THIS GROUP AND WHO HAD GONE OVER ALL THE PHASES HAD RECOMMENDED THIS COMPANY AND STATED FURTHER THAT IRA HAUPT BE HIRED AT ~ 75 OF 1% TO CARRY THE BONDS DIRECT TO PUBLIC SALE. THIS WAS SECONDED BY COUNCILMAN COURTER. CIT~ MANAGER INTERPOSED THAT NEITHER HE NOR FINANCE DIRECTOR HAD RECOMMENDED. i I THE MAYOR POLLED THE FOLLOWING VOTES ON THE ORIGINAL MOTION: NAY - CARNATHAN & LONG AYE - JONES, TOLBERT, ROGERS, COURTER & READY AMENDED MOTION: NAY - CARNATHAN & LONG AYE - JONES, TOLBERT, ROGERS, COURTER & READY MEETING ADJOURNED AT 8: 30 P. M. BY MAYOR. ADOPTED ApPROVE ATTEST d~ lJ,~~ i CITY CLERK