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Home My WebLink About1957-02-14; Municipal Water District; MinutesXINJJA?S OF A MGUR DJO-URIQD XddTIZJG OF TH-2 BOARD OF DIXCTORS OF Ti CiRLSBLD &?XJEICIPAL WATER DISTRICT HdD AT 7 :00 P.X., THURSDAY, F~BBUBY 14, 1957 A!l 2950 PI0 PIC0 DBIVZ, CARLSBD, CdLIFOF%IB The meeting was call& to order by Chairman Fry at 7:12 P.TL I Pre&nt: Directors: dwald, Pry, Rogers, Zahler Absent : Directors: Kelly Also present were various repressctatives of bond companies submitting bids to be opened at 7 :30 P.B. comSP0~D~E;IcB : 1. State Chamber of Comerce -- Notice of gater Conference, Los hgeles, February 21, 1957. On motion of Director Bogers, seconded by Director Zahler, Director 3wald was authorizad to attcrnO this meet in@: with exRnses to be borne by the District to- taling $5.00. __c 2. Charles a. Crull, 2-8-57 -- re Lot 'Q", @a agdionda (formerly Thibodo property) requesting Calarrerss water for dev+tlopm.tnt of tract. Director Bogqrs noted that whatever water they get would have to cow from Oceansids's er;t it lewd. Chairman Pry ordered that the letter bs rpviawqd 5y thq Water Problems Cornittee. 3. A.T. & S.F., 2-19-57 -- Pipeline License. The qxecutive Secretary was requested to ref* the ktter to Bngineer Short before filing Same. 4* Palomar College - mO'u?cen;clIlt Of COurSe on Southern California v/a,ter Problems startiq 2-25-57. The axecutivs Secretary requested psrmission to attend at District expense* On ~otion of Director Boers, econded by Director Zdler, the expenses (incldiq mileage 1 Of the 3XeCUtiVe Secretary and aq? mqmber of the Board baterested in atteading wqre authorized. I Director Rogers reported that the schedule for a Uetropolitan Water District tour this weekad has besn revised and it is not certain when thex will be in Carlsbad. If they me here on Sund2y a& tkre are two busses, the tour of CNVD will be con- ducted by Directors Bwald and aogers. Director Rogers reqwsted that brochures be ready for distribution at that tine. At 7:22 P.X. Chairman Fry calkd a recess. At 7:30 P.M. the LLaLci reconvened with ths follombs armwering roll call; Direct or s : Bwald, Fry , Rogw s, Xahlar Absent: Director Kelly Bond This being the tit ad place fixed for the opening of bids for tho Sale $1,250,000 bods of Ca,rlsbad Ilunicipal Water District for Irnprovewnt District TJo. 1, San Diego County, California, designated BOITDS OF CULSBAD NURICIPAL W.AT%IR DIST73ICT FOB lXP8OVJ3ivSlJl! DISTRICI! NO. 1, 3LEcI! ION 1956, SERBS 1 and nuabqrsd 1 to 1,250 inclusive, the following bids received pursuant to notice of sale were publicly opened, Fxaminsd and read: TAYLOR AN3 CO&E'AlfY; SITABSON, HXJiIIL & CO ; WAGELOB-B3hXD3R CO~PPO~TION; JUUE & WODY, INC. ; 'tTAGZNSdLUR tic i)-E3sP, INC! ; BO3TTCEER ;IND COX?&TY i3y TAYLOR ,Q?D cK)&2AEY bid par on alternate "B", accruad intisrsst to date of delivery and a pemiurn of $1,379.00 for bods bqaring intarsst payable annually ths first yFar and smiannu- ally thgrqaftqr at the rates of: Rates zqr 4 . 25% 4.00% Year 9 195m1956 1967 to 1974 1975 to 1987 HILL RICHARDS & CO. bid par on alterrate "B", accrued interest to date of delivery and a premium of XON9 for bonds b5arixg interest payable annually thq first year and semiannually tbqreaftpr at the rat;tss of: 4.60% 1958 to 1967 4.10% 1968 to 1987 GROSS, ROMRS & CO. AX3 ASSOCUTAS bid par on alternate "B", accrued interest to date of dP1ivery an3 a premium of $52.00 for bonds bearing interest payable annu= ally the first ye ar and smiannually thereafter at the rates of : Rates rn& 4.00% Years 195-1967 1968 to 1987 S54CUREY-F3XS! KfV!?IONAL BAXK 08 LOS ANGdL3S AND ASSOCIATAS bid par on alternate "Ar', accrued interest to date of delivery and a premium of $531.00 for bonds bearing in- terest payabh mually th? first yqar and semiannually thereafter at the mtgs of: 4.35%. 1958 to 1962 4.00$ . 1963 to 1977 3.85$./ 1978 to 1987 and bid par on alternate "B", accrud interest to date of delivery and a pre- mium of $531.00 for bonds bearing interest payable annually the first year and semi- annually thereafter at tb rates of: 4 . 35% 1958 to 1967 4.00% 1968 to 1973 3.85% 1974 to 1987 BAEK OF NTBICA N. T. & S. 8. & ASSOCIBT3S bid par on alternate "Atr, accrud interest to date of delivery and a premium of $179.00 for bonds bqaring interest payable annu- ally the first year ad semiannually thereafter at tb rates of: 4 . 50% 1958 to 1969 4.40% 1970 to 1974 4 . 00% 1978 to 1987 4.35% 1975 to 1977 and bid par on &term te "B", accrued interest to date of delivery ad a premia of $783,00 for bonds bearing interest payable annudly th first year and w&.nnu- ally thereaaer at; the rates of: 4.5% 1958 to 1970 4 . 25% 1971 to 1972 4.0% 1973 to 1987 JOHN MUVSU & CO. ; BARCUS, KIITDmD & CG&Pm; Ki3NO?IERy IUC AEPIIXJR & CO. ; BOBSIB B. SCH'JGEBR & COi$J?AJ3Y; STMW, HAXIIS & COXP&EY; BURNS, COBBZTT & PICURD, IIVC. bid par on altsrnate "A", accrud intarest to d&e of delivery and a premium of $32.50 for bonds bearing interest pyabk annually ths first year and saniannually there- af%er at tb rates of: 4 .SO% 1958 to 1972 4.1% 1982 to 1987 4.25% 1973 to 1981 and bid mr on alternate "13", accrued int6rest to date of delivery and a pre- miam of $145.00 for bonds bqarirg interest pyable annuaily the first year and semi- annually thereafter at thq rates of: 4.2519 1958 to 1969 4.00$ 1970 to 1987 dach bid was accoapanied by a good faith check in an arnounzt not bss than $37,500. On motion of Director Rogers, seconded by Director Zahler, all bids were than re- ferred to iaesssrs Baffwby (Schwa'oacher & Coxqxtny, Financial Consuftan$s) , Porter (%ver%s & dssnoff , Certif id Pub1 ic Accountants) y and dtt orngy Dennis and gngineer Short for checking and computation, a report th2reon to be giv+n to t& Board of Directors at 8:OO A.X., Briday, February 15, 1957. I "A-2" Plans Zlnginesr Short then presented plans and specifications for Unit A-2 He present& cost estimates totaling $258,270 for this unit; the cost estimates were ordared filed. Resobtion On motion of %rector aogqrs, seceded by Director Bwald, a resolu- No. 50 ti on (No. 50) approving specificat ions for Arterial IVater System Aqueduct Unit A-2 for the Carlsbad Kunicipal Water District, and Notice inviting sealed bids for constrdction of said facilitias was adopted on the following roll call vote: and noted that tb changbs in plans WPTZ primarily on sheet KO. 3. for Improvement District Eo. 1 Trsnsaission %in from Sm Diego - 2- I AYZS: 3IE3eTORS: dWU, &PRY, ROWS, WUR MOSS: DEii3CTORS: NOG OS2hT : D IEW?IORS : BLLY On motion of Director %wald, seconded by Director Zahlor, the meeting was declared adjourned to 8:OO 6.N. Friday, February 15, 195'7. UT1S : &-, L& Secretary of the Board of Direct QTS Carlsbad Nunicipal Water District I I -3-