1971-08-24 Regular Adjourned 13 7
Upon motion the Council adjourned to meet August 2h, 1971 at 1:00 P. M.
PRESIDENT CITY COUNCIL
ATTEST: C~~ ~cx2.~L~.
August 12, 1971
The City Council of the City of Okeechobee, Florida, met in workshop session at 6:00 P. M.
at the City Hall on the above date with all Council members present except Councilman Douglas, also
present Clerk Spivey and Deputy Clerk Bennett, for the purpose of preliminary work on 1972 General
Budget.
August 19, 1971
The City Council of the City of Okeechobee, Florida, met in workshop session at 6:00 P. M.
at the City Hall on the above date with all members of the Council present also Clerk Spivey and
Deputy Clerk Bennett, for the purpose of preliminary work on 1972 General Budget.
August 2h, 1971
The City Council of the City of Okeechobee, Florida, met in regular adjourned session at
the City Hall on the above date at l:O0 P. M. with the following present: Mayor Dunham, President
Burk, Councilman Domer, Douglas and Hunt with Attorney Curren and Clerk Spivey.
Pursuant to notice published in the Okeechobee News the meeting was for the purpose of
accepting sealed proposals for the purchase of all, but not less than all, of $h80,~00, City of
Okeechobee General Obligation Refunding Bonds, dated January l, 1971.
The notice of sale and notice of proof of publication in due form, all requirements of
Florida State Statutes having been met and it being the hour of l:00 P. M. the time for opening
sealed proposals and there being no bids received at public sale called for this date and time;
tkeLaw provides the bonds may be sold without notice at private sale at anytime within one year;
Councilman Domer moved to apply to Arch W. Roberts & Company to assist the City in negotiating a
private sale within such time as to provide funds by December 1971, so as to meet the conditions of
the bond issue of 19h2 being refunded, seconded by Councilman Hunt and unanimously carried.
Arch W. Roberts was present submitting a proposal to purchase $h80,500 par value, Okeechobee,
Florida, General Obligation Refunding Bonds dated January l, 1971, with a check in the amount of
$9,610.00 to be returned to Arch W. Roberts & Company upon award of said Bonds, provided this proposal
is not accepted; otherwise to be retained by the City until the delivery of said bonds and payment
therefore, and to be retained as and for liquidated damages in case of the failure of Arch W. Roberts
and Company to make such payment. After discussion and due consideration, Councilman Hunt moved to
accept the proposal in form submitted by Arch W. Roberts and Company, seconded by Councilman Douglas
and unanimously carried.
ARCH W. ROBERTS & CO.
605 N. E. First Street - Suite G
P. O. Drawer 1~86
Gainesville, Florida 32601
August 2~, 1971
Honorable Mayor and City Council
0keechobee, Florida
Gentlemen:
For $480,500 par value Okeechobee, Florida, General Obligation Refunding
Bonds, dated January 1, 1971, described in the Official Notice of Sale which is
hereby made a part of this bid, and for all, but not less than all of said Bonds,
maturing in numerical order on July 1st as shown below and bearing interest rates
per annum as follows:
INTEREST INTEREST INTEREST
YEAR ~OUNT RATE YEAR ,AMOUNT RATE YEAR AMOUNT RATE
1972 $ 500 7.50% 1981 $15,000 7.50% 1990 $25,000 6.75%
1973 10,000 7.50% 1982 15,000 7.50% 1991 25,000 6.875%
1974 10,000 7.50% 1983 15,000 6.75% 1992 30,000 6.875%
1975 10,000 7.50% 1984 20,000 6.75% 1993 30,000 6.875%
1976 10,000 7.50% 1985 20,000 6.75% 1994 30,000 6.875%
1977 10,000 7.50% 1986 20,000 6.75% 1995 35,000 6.875%
1978 15,000 7.50% 1987 20,000 6.75% 1996 35,000 6.75%
1979 15,000 7.50% 1988 25,000 6.75%
1980 15,000 7.50% 1989 25,000 6.75%
We offer to pay the sum of Four Hundred Eighty Thousand Five Hundred and O0/lO0 Dollars
($480,500.00), together with accrued interest to date of delivery.
We will accept delivery of said Bonds on or prior to December l, 1971, it being under-
stood that the City will furnish to use at the time of delivery of said Bonds, the
approving legal opinion of Freeman, Richardson, Watson, Slade & Mc Carthy, Jacksonville,
Florida, together with a no-litigation certificate certifying that there is no litigation
pending affecting the validity of the Bonds.
In accordance with said Notice of Sale, we enclose herewith our check for $9,610.00,
payable to the orider of the City of Okeechobee, Florida, to be returned to the under-
signed upon award of said Bonds, provided this Proposal is not accepted; otherwise to be
retained by the City until the delivery of said Bonds and payment therefore, and to be
retained as and for liquidated damages in case of the failure of the undersigned to
make such payment.
Respectfully submitted,
Arch W. Roberts & Co.
Arch W. Roberts
RESOLUTION OF AWARD
WHEREAS, pursuant to notice heretofore duly published for the sale of $480,500.00
General Obligation Refunding Bonds of the City' of Okeechobee, Florida, the City Council
of the City of Okeechobee, Florida met on August 24, 1971 at l:O0 o'clock P.M. Eastern
Daylight Savings Time to open and consider all bids submitted for said bonds; and
WHEREAS, the following bids were submitted; NONE.
Then, there bein~ no bids received, the Fiscal Agents for the City:
ARCH W. ROBERTS & CO.
605 N. E. First Street
?. O. Drawer 1586
Gainesville, Florida 32601
were requested to assist the City in negotiating a private sale within such time as to
I - 1 .... ....
provide funds by December 1971. The said Arch W. Roberts & Co. thereupon
submitted its proposal in the form of a bid with bid bond in accordance
with the notice of sale, the bid being in proper form in all respects and
being acceptable as a bid or as the lowest and best proposal for private
sale, which bid is hereto attached and made a part hereof; and
WHEREAS, after due consideration it appears to the City Council of the
City of Okeechobee, Florida that the bid of ARCH W. ROBERTS AND CO. in the
amount of $480~500.00 and accrued interest for the $480,500.00 General
Obligation Refunding Bonds, bearing interest as hereinafter stated is the
best bid received;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
OKEECHOBEE, FLORIDA, that:
SECTION 1. The $480,500.00 General Obligation Refunding Bonds be
awarded to ARCH W. ROBERTS & CO. at the price of $480.500.00
and accrued interest for said bonds bearing interest as follows:
Bonds Maturing Interest Rate
1972 through 1982 7.50%
1983 through 1990 6.75%
1991 through 1995 6.875%
1996 6.75%
SECTION 2. The proper officers of the City of Okeechobee be and they
are hereby authorized and directed to execute said bonds when prepared and
to deliver same to said purchaser upon payment of the purchase price pursuant
to the conditions stated in the Notice of Sale without further authority
from this Council.
SECTION 3. The said bonds will be payable at American National Bank
and Trust Compan~ of South Passadena; South Pasadena; Florida 33707
SECTION 4. The action of the City Clerk publishing the Notice of
Sale of said bonds in The Okeechobee News, Okeechobee, Florida, and the
preparation of the Official Statement for said bonds is hereby, in all
respects, ratified and confirmed.
SECTION 5. The City Clerk of the City of Okeechobee be and is hereby
authorized and directed to return forthwith the good faith checks of all
unsuccessful bidders.
SECTION 6. This Resolution shall take effect immediately upon its
passage.
Passed this 24th day of August, 1971.
President of the City Council
Attest:
CITY CLERK
NOTICE OF SALE
Sealed proposals will be received by the City of Okeechobee, Florida, at
the City Hall until 1:00 P.M. Edst, Tuesday, August 24, 1971, for the
purchase of all, but not less than all, of $480,500 City of Okeechobee
General Obligation Refunding Bonds, dated January l, 1971, in the
denomination of $5,000 each except for bond number i for $500, bearing
interest, not exceeding the maximum legal rate, payable semi-annually
on January 1 and July i each year, and maturing serially on July I in
the years and amounts as follows:
MATURITY AMOUNT MATURITY AMOUNT MATURITY AMOUNT
1972 $ 500 1980 $1 5,000 1988 $25,000
1973 1 O, 000 1981 1 5,000 1989 25,000
1974 1 O, 000 1982 1 5,000 1990 25,000
1975 1 0,O00 1983 1 5,000 1991 25,000
1976 1 0,000 1984 20,000 1992 30,000
1977 1 O, 000 1985 20,000 1993 30,000
1978 1 5,000 1986 20,000 1994 30,000
1979 1 5,000 1987 20,000 1995 35,000
1996 35,000
Bonds maturing in the years 1972 to 1981, inclusive, shall not be redeemable '~
prior to their stated dates of maturity. Bonds maturing in the years 1982
through 1996, both inclusive, shall be redeemable at the option of the City,
on July 1, 1981, or on any interest payment date thereafter, at the price of
par and accured interest to the date of redemption, plus the following
premiums, expressed as a percentage of the par value thereof, if redeemed
at the following times:
Three per centum (3%) if redeemed on Jnly 1, 1981, to and including January
1, 1986, two per centum (2%) if redeemed on July 1, 1986, to and including
January 1, 1991, one per centum (1%) if redeemed on July 1, 1991, or
thereafter prior to maturity. No bid for less than 100% of the par value
thereof will be considered.
Each proposal must be accompanied by a Certified or Bank cashier's or
Treasurer' s check in the amount of $9,610.00 payable to the order of the
City of Okeechobee, on which no interest will be allowed. The check of the
successful bidder will be retained and applied on the purchase price of the
bonds pending full performance of said successful bidder, or will be forfeited
to the City as and for full liquidated damages upon failure to take up and
pay for the bonds.
The City reserves the right to reject and and all bids or to take any action it
may deem to be in its best interest.
Lorena H. Spivey
City Clerk
City of Okeechobee
1.)51
ARCH W. ROBERTS & CO.
605 N.E. First St.-Suite G
P. 0. Drawer 1586
Gainesville, Florida 32601
Honorable Mayor and City Council August 24, 1971
Okeechobee, Florida
Gentlemen:
For $480,500 par value Okeechobee, Florida, General Obligation Refunding
Bonds, dated January l, 1971, described in the Official Notice of Sale
which is hereby made a part of this bid, and for all, but not less than
all of said bonds, maturing in numerical order on July 1st as shown below
and bearing interest rates per annum as follows:
INTEREST INTEREST INTEREST
~ AMOUNT RATE YEAR AMOUNT RATE YEAR AMOUNT RATE
1972 $ 500 7.50% 1980 $1 5,000 7.50% 1989 $25,000 6.75%
1973 1 0,000 7.50% 1981 1 5,000 7.50% 1990 25,000 6.75%
]974 1 0,000 7.50% 1982 1 5,O00 7.50% 1991 ~ 25,000 6.875%
1975 1 0,000 7.50% 1983 1 5,000 6.75% 1992 30,000 6.875%
]976 1 0,000 7.50% 1984 20,000 6.75% 1993 30,000 6.875%
1977 1 0,000 7.50% 1985 20,000 6.75% 199~ 30,000 6.875%
1978 1 5,000 7.50% 1986 20,000 6.75% 1995 35,000 6.876%
1979 1 5,000 7.50% 1987 20,000 6.75% 1996 35,000 6.75%
1988 25,000 6.75%
We offer to pay the sum of four hundred eighty thousand five hundred and
00/100 dollars ($480,500.00), together with accrued interest to date of d
d ~livery.
We will accept delivery of said bonds on or prior to December 1, 1971, it
being understood that the City will furnish to us at the time of delivery
of said bonds, the approving legal opinion of Freeman, Richardson, Watson,
Slade & McCarthy, Jacksonville, Florida, together with a no-litigation
certificate certifying that there is no litigation pending affecting the
validity of the bonds.
In accordance with said Notice of Sale, we enclose herewith our check for
$9,610.OO, payable to the order of the City of Okeechobee, Florida, to be
returned to the undersigned upon award of said bonds, provided this Proposal
is not accepted; otherwise to be retained by the City until the delivery of
said bonds and payment therefor, and to be retained as and for liquidated
damages in case of the f~llure of the undersigned to make such payment.
Respectfully submitted,
Arch W. Roberts & Co.
Arch W. Roberts
Councilman Hunb~ recomended the removal of shields from signal light and no turn on red
from West side of light at intersection of Ocseola Street and North Park Street. Councilman
Douglas moved to accept the above recommendation, seconded by Councilman Domer and carried.
Councilman Hunt moved to authorize Attorney Curren to take necessary action to defend
the City in the Godwin case and to retain Brennon Law Firm to assist him, seconded by Councilman
Domer and carried.
Upon motion The Council adjourned.
PRESIDENT CITY COUNCIL
ATTEST: ~~z~a ~~ CITY CLERK ~/
September 7, 1971
The City Council of the City of Okeechobee, Florida, met in regular session at the
City Hall on the above date at 7:00 P.M. with the following present: Mayor Dunham, President
Burk, Cmmcilmen Brel~nd, Domer, Douglas and Hunt with Attorney Curren, Clerk Spivey, Deputy
Clerk Bennett, Water Supt. Fortner, Street Supt. Bennett and Chief Thomas.
President Burk opened the meeting with prayer.
Mim~tes of the meetiogs held August B, 10, 12, 17, 19 and 24th, 1971, were read and
approved as read.
The following bills in the amount of $ 1 2,531.28 & $ 1..2~256.93
were approved and ordered paid when funds are available:
GENERAL FUND
. Associates Capital Services Corp. $ 150.43
Nation wide Insurance Company 43.38
0keechobee County Bank 1,119.65
Colonial Life & Accident Insurance Co. 24.00
Uniform Allowance 1 50.O0
Jimmie H. Belk 1 ,O78.06
Florida Combined Insurance Agency, Inc. 277.96
American Family Life 7.60
Bond Refund 1 40.00
Richard B. Spray 100.O0
United Telephone Company of Florida 240.64
Aud] ey Dunham 50.00
BoErd Of Adjustments and Appeals 125.00
Breathalyzer Test 15.00
Olen Godwin 221.00
Charles L. Strickel 100.00
Florida Power and Light Company 1,134.93
L. P. Sanitation 925.00
Davis & Valente Office Supply & Equip. 249.h0
John' s Standard 238.47
Motorola Communications & Electronics Inc. 58.59
Kelley's Garage & Machine Shop 96.73
Attaway Lumber Company 224.49
441 Enco Station 51.35
Dude's "66" Service Station 36.82
Curren Electric Company 8.00
Southeastern Printing Co., Inc. 37.84
Okeechobee Hardware & Furniture Company 32.90
Winta Rentals 1 5.00
Bennie's Auto Supply, Inc. 93.54
Fort Pierce Typewriter Co., Inc. 2.93
Wherrell Oil Company, Inc. 43.62
E & E Automotive Clinic 11 4.08
Park Stationers, Inc. 41.92
0keechobee Shell Service 31.92
Wherrell Auto Parts
Kale Uniforms 31.40
Texas Refinery Corp. 58.79
Park Discount Drugs 16.79
Signal Engineering Company 85.29
0keechobee News 32.04
Pippin Tractor & Equipment, Inc. 1,086.41
Minton Equipment Company 2.55
Board Of County Commissioners 486.00
Syble's Flowers & Gifts 11.15
Okee Glass & Window Company 4.65
Hunt Brothers Grocery Company 60.20
Bo~ Turner Sanitary Supply, Inc. 66.95
D-A Lubricant Company, Inc. 36.00
Jeff ers Texaco 6.68
AA Fire Equipment CO. 16.00