HomeMy WebLinkAboutMinutes - City Council - Regular - 11/12/1945RECESSED REOTTLAR =TINrx.
Lubbock, Texas
Nov. 12, 1945.
The I'ity 'lommission of the "ity of Lubboc'-, texas, met at 2 t .I . in
Recessed Remular Session, recessed from regular meeting of T.rov. 8, 1945,
at the re,-ular meeting place in the City Hall, the following members
thereof being present, to -wit:
Mayor O.W. Ribble, Commissioners VV.B. Irice, j. Ray Dickey, Y.H. Childress,
Hub Jones, City attorney Vaugln E. Wilson, City Manager -I.R. Smith, Jr.
Absent: Commissioner F.H. Childress and I-ity Secretary Lavenia 'V';'illiams.
Motion was made by Commissioner Price, secon ed by �,ommissi ner Jones,
c,.rried unanimously, to accept bid of Gene? al 1'lectr�c �Iomrany in amount of
.�15,056.00 for Switchgear equipment for new power plant,bid being in
accordance with Lity specifications dated Oct., 1945,'this being only bid
received in response to request for bids sent to:
Allis-Chalmers i4fg. Co.,
Westin house Electric �oiipany
Graybar Electric Company
,, General .electric Sul,ply Corror : ti on, and
General Electric Company
Mr. Claude Tatum and Faul bherrod, representinn the Broadway Uhurch of
Christ, appeared before the Commission reiuesting that the `'ity dose wart
of the alley in Block 41, Overton Addition, for church ri.r1�oses.
i,fter a general discussion, motion was made bV Commissioner Dickey,
seconded by Iommissioner Jones, carried unanimously, that the City
prepare and pass an ordinance closing; the west part o" alley in Block 41,
Overton Addition, for the Broadway Church of Christ, provided the church
stands the entire cost of properly moving, relocatinx or protecting all
utilities; get the written consent of all property owners In the plock
to close the alley_; and that the church open an ally 25 (twenty-five)
Feet wide along east side,of their-,roperty extending North and South
from Broadway to Main Street, with provision for 20 Foot additional width
along west side of this North and South alley, to be set aside for p•jrking
purposes and the Church to pay all cost of paving said alley; and that
the ordinance provide that if the property to be occuried by the Church
ever ceases to be used for church purposes, the alley is to be re -opened.
No further busi less coming up for consideration, the City commission
recessed to meet Nov. 14, 1945) at 2 i.M.
Read and approved this the ^—_4th day of _Nov. ---, 1945.
A t t Ks t :
City Secret ry.
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With reference to the "iti, of Lubbock, Texas proposed issues
of bonds for the following purposes:
Addition of third floor to the `'it.- Hall;
Fire Station and Lcluirraent;
I-olice Duilding and Lqui_nment;
City Garage, Land and Building;
Park Improvement and Swimming fool;
Water Works Extensior ;
Sanitary Sevier Extension;
Sewerage Treatment Plant;
Storm Sewer;
Street Lighting;
Traffic Lights;
Airport;
Civic Cente,•;
Street and Hirhway Right -of -'clay;
Vie have discussed the matter of grouping these issues with the
Honorable W.I. Dumas, of Dallas, Texas, and he has r.-iven us his prYliminar,
ideas of such grouping. Apparently it will be necessary to have at least
eight propositions, as follows:
Municipal Buildings;
Park;
!eMterworks and Sewer Svsterm -,xtension;
Storm Sewer;
Street Lighting? and -traffic Lights;
Airport,
..uditorium and Community Center;
Street Improvement.
It is understood in the above that these are Judge Dumas' preliminary
ideas, and that he is studying the matter carefully, both from the standpoint
of the statutes and the Lubbock City '-hatter.
Ike=;ardin . the preparation of all proceedings, printing, election
supplies, etc., on these issues, we projose as follows:
1. 'lhat ,you secure the services of the Honorable W.P. Dumas,
Market :attorney, Dallas, Texas, for the preparation of all legal proceedings
such as the petition, order and notices of election and, if the election
should carry, then Judge Durrkas will provide from time to time the orders
issuing the bonds of th.e various issues, attend to the approval of the
Attorney General, registration by the Comptroller, and finally give r is
opinion as Market Attorney. tou will have Judge Dumas look to us for
payment of his fee.
2. 1e will provide the election supplies for each of the
issues and, if the election carries, we will furnish the printed bonds,
prepare and furnish all financial data and the printed prorosals to be
sub 'iitted for r.urchase of the bonds, asEsist in any other matters that will
be necessary for marketing the bonds and such other details as may be
necessary concerning same.
It is understood and agreed herein that this agreement is
satisfactory and approved by the City Attorney, and that both we and
Judge Dumas will have h- s cooperation in all matters.
It is the intention herein that, through these proceedings, the
purchaser or _purchasers of the bonds herein named will have provided
to him, without cost, the arprovin? opinion of the Honorable W.P. Dumas,
Mar)�et attorney, Lallas, 'Texas; and, should the purchaser desire the approv=
ing opinion of any other market attorney, he will secure same at his own
expense.
The witty will provide the expense of the election officials and
local newspaper advertisements, and publications relating to the election
and advertising the bonds for sale.
For our services in the above, you will pa„v us a fee of .; 2.50 per
bond for a maximum total issue of $6,000,000.00 Bonds provided such
bonds are issued and sold in a minimum of fifteen installments; and
provided further that should the installments and/or deliveries exceed
fifteen, we are to be paid 500 per $1,000 Bond on all deliveries or in-
stallments in excess of fifteen. It is further agreed and understood that
in the event any sin. -le issue or delivery is made in units of less than
,100,000.00 over and above the fifteen on final issues, sae are to be paid
V 1.00 per 41,000 Bond of such amount in addition to our fee hereinabove
mentioned.
The City will pay us from tine to time as the bonds may be issued and
sold on a basis of '$2.50 per bond; the balance due under the contract, if
any, is to be paid in full as each group of bonds is completed and delivered,
provided hoi-vever, that it is contemplated that full settlement will be made
within five years from the dote hereof.
Respectfully subrn,itted,
Crummer and Company,Inc.,of Texa{
(Signed) By J.Ivi._Barker __ 1
C.R. ':r`oolsey &, Company
(Signed) By _C_R._-+.00lsey
We the undersigned officials of the kity of Lubbock, Texas hereby
accent the Bove and foregoing proposal and agree to the terms thereof
by order of the amity Commission in session this, the 14th day of
November, 1945.
CSigned)
(Signed) Lavenia 11illiams_
Secretary,
pity of Lubbock, Texas.
( -ea1)
Law Offices
W .1• . D uma s
Kirby Building
Dallas.
Honorable Nayor and
City Commissioners
Lubbock, Texas
0.►'. dibble _
Mayor, pity of Lubbock, Texas
November 17, 1945
IN RE: City of Lubbock proposed
Improvement '-,onds - p5,894,000.00
Gentlemen:
I understand that arrangements have been made T-1ith Crummer and Company,Inc.
of Dallas, texas, and C.R. Idoolsey and Company of Lubbock, Texas, in con-
nection with the expenses to be incurred on the proposed issue of city
of Lubbock bonds, aggregating 9�5,894,000.00, and that you desire a letter
from me stating that I will not hold the City liable for any of my fees
incurred in connection with the proceedings but that I will look solely to i
Crummer and Company and '-.R. 'y000lsey and 1,ompany for such fees. According
ly, this is to say that I will look to Crummer and Company and C.R.
Woolsey and Company for payment of my fees in connection with the issuance
of the prorosed bonds.
Yours very truly
WPD : rvi
(signed) W.P. `-umas
cc-Crummer and Company,Inc.,
Kirby Building
Dallas 1, Texas.
C.-R. Iloolsev and Company
Lubbock, Uexas
(This motion Motion by Commissioner Price, seconded by 11ommissioner Jones, carried
rescinded - unanimously, th•:t the bond issue, pertaining to Water Supply and
Min.Book 6, pg. Improver_ats, be revenue Bonds, and that the balance of the Mond issue
637.). be tax bonds.
Motion by Commissirner Jones, seconded by oommissoner Dickey, carried
unanimously, that the interest rate on bonds, of the proposed bond iss'_tie,
be not to exceed 3N o, and that the term of bands be, not to 'exceed 25 year:
Messrs Chas. ++hitacre and H.D. v+oods, appeared before the City Commission
requesting that the amity lease to the simerican Legion the balance of the
block on which the American Legion Building is now located. There was
discussion and it was unanimously agreed that the land not be rented, as
the City needs this land for their own use.
No further business coming up for consideration, the city C ommiss,n
recessed to meet Nov. 19, 1945, at 2 P.H.
Read and a-nrroved this 4
Att s
City Secrets .
day of __ Dec. , 1945.
Plla yor
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