HomeMy WebLinkAbout1968-03-20; Municipal Water District; MinutesMINUTES OF A REGULAR MEETING OF THE BOARD OF DIRECTORS OF CARLSBAD MUNICIPAL
WATER DISTRICT HELD ON MARCH 20, 1968, AT 2:OO P. M., AT 5780 EL CAMINO REAL,
CARLSBAD, CALIFORNIA:
The Board of Directors of the Carlsbad Municipal Water District met in regular
session on the 20th day of March, 1968. The Meeting was called to order by President
Maerkle at 2:OO P. M.
Present: Directors: Carmichael, Palmer, Maerkle I Absent: Directors: Mac Leod, Kelly
Also present were Legal Counsel Grosse, Superintendent Henley, Mr. John Olsen,
representing the firm of First California Company, and Office Secretary.
Approval of After discussion, upon motion of Director Palmer, seconded by
Minutes d Director Carmichael, and unanimously carried, the minutes of the
regular meeting of March 6, 1968, were approved as corrected.
I. D. No. 2, This being the time and place fixed for the opening of bids for
Series 3 Bond $125,000.00 in bonds designated BONDS OF CARLSBAD MUNICIPAL WATER
Sale DISTRICT FOR IMPROVEMENT DISTRICT NO. 2, SERIES 3, WATERWORKS BONDS,
sale were publicly opened, examined and read:
ELECTION 1957, the following bids received pursuant to notice of
1. ROBERTS, SCOTT & COMPANY, INC. -- $ 63,528.75 Net Interest Cost.
SAN DIEGO , CALIFORiiIA 94.177% of the par value thereof,
plus accrued interest for bonds to
bear interest at the rate of five
percent (%). Effective interest rate
of 5.647%
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Bid accompanied by good faith check in the amount of $5,000.00. Subject
to the unqualified approving opinion of legality of O'Melveny & Myers.
2. FIRST CALIFORNIA COMPANY -
LA MESA, CALIFORNIA
$ 64,536.25 Net Interest Cost.
93.371% of the par value thereof,
plus accrued interest for bonds to
bear interest at the rate of five
percent (%). Effective interest rate
of 5.7365%
Bid accompanied by good faith check in the amount of $5,000.00. Subject
to the unqualified legal opinion of O'Melveny 61 Myers attesting to the
validity of the described bonds.
All bids were then referred to the Legal Counsel for checking and computation.
After examination of the bids, Legal Counsel recommended that the District accept tht
bid submitted by the Roberts, Scott & Company, Inc. firm as the bid yielding the
lowest net interest cost. In accordance with this recommendation, upon motion of
Director Palmer, seconded by Director Carmichael, and unanimously carried, it was
moved that the Bonds for Improvement District No. 2, Series 3, in the amount of
$125,000.00 be awarded to the best bidder, ROBERTS, SCOTT & COMPANY, INC., and all
other bids be rejected.
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Special Accounts Upon motion of Director Carmichael, seconded by Director Palmer,
Payable and unanimously carried, the Board approved payment to Vern Marti]
in the amount of $270.00, for painting of the exterior trim on thl
Headquarters Building.
Correspondence: The following items of correspondence were reviewed by the Secretar:
(1) Notice of Public Meetings by Department of Public Health on the establish-
ment of statewide standards for safe direct reuse of reclaimed wastewater.
(2) Notice from Municipal Consultants of California, Inc. regarding municipal
lease-back financing for public projects.
Correspondence:
(3) 1968 Edition of the California Water Resources Development Map submitted
by the Irrigation Districts Association of California.
Ratification Upon motion of Director Palmer, seconded by Director Carmichael, and
of Checks unanimously carried, the Board ratified Checks No. 2752 thru No. 2789,
in the amount of $7,178.92, for the period of March 7, 1968 thru
March 20, 1968.
I The meeting was declared adjourned at 2:35 P. M. -
ATTEST :
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Secretary of the Board of Directors
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Meeting March 20, 1968 -2-