6/2/1959 - Laserfiche WebLink

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0 1 1 1 0 1 1 0 No bids will be considered for less than ninety-eight per cent (98%) of the par G value thereof and accrued interest. Bidders may specify not more than three different rates II of interest but the same single rate of interest must be named for all of the bonds maturing in the same year, and no interest rate shall exceed six per centum (6%) per annum expressed in multiples of one-eighth or one -twentieth of one per centum. A repeated rate of interest C shall not be considered a different rate of interest. The award of the bonds will be made on the basis of the lowest net interest cost to the County. Comparison of bids, in determining such lowest net interest cost will be made by taking the aggregate amount of interest at the rate or rates spedified, computed from February 1, 1959, to the respective maturity dates of said bonds, and deducting therefrom the amount of premium specified, if any, or adding thereto the discount, if any. The principal of and interest on said bonds are payable solely from the special taxes authorized to be levied therefor at an election held in said County on November 4, 1958, and a resolution of the Board of County Commissioners of Indian River County adopted on March 3, 1959. The bonds are to be issued for the purpose pf paying the cost of constructing and equipping a public hospital for said County. Each bid must be accompanied by a certified or cashier's or treasurer's check drawn upon an incorporated bank or trust company in the amount of $15,000 payable to the order of the' County. No interest will be allowed upon the good faith deposit of the successful bidder. The legality of said bonds will be approved by Messrs. Caldwell, Marshall, Trimble & Mitchell, 115 Broadway, New York City, whose opinion as to the legality of said bonds will be delivered free of charge to the pruchaser or purchasers of said bonds together with an executed no -litigation certificate in the customary form dated as of the date of the delivery of and payment for said bonds. All bids must be unconditional. Bids should be enclosed in a sealed envelope, marked on the outside "Bid for Indian River County Hospital Bonds" and addressed to the Circuit Court Clerk, ex officio Clerk of the Board of County Commissioners. The County reserves the right to reject any and all bids and any bid not complying with the provisions hereof will be rejected. More definite and detailed information may be had upon application to the undersigned. /s/ Robert W. Graves Chairman, Board of County Commis- sioners of Indian River County, F The County Engineer stated he had received a letter from American Telephone & Tele- graph Company requesting permission to go under the pavement at any time that they so need to on 6th Avenue in Whispering Palms Subdivision. After some discussion in the matter and upon Motion made by Commissioner Waddell, seconded by Commissioner Hamilton and unanimously carried, the Board passed the following resolution for adoption: That based upon the request of American Telephone and Telegraph Co. by letter of May 12, 1959, signed by A. A. Sargent, its right of way superintendent, the County does here- with agree that in consideration of the construction of the extension of 6th Avenue through Wh Whispering Palms S/D across the easement and right of way for the Delando-West Palm Beach Line - Markers 339-340, the County agrees that the American Telephone and Telegraph Company shall continue to have the right to have access to its cable and if necessary, such access may be an opening in the pavement for this street, provided however, that in the event such opening is made said street shall be placed in its original condition by the American Telephone) & Telegraph Company. The County Engineer said that the owners of Frossard-Glendale S/D wanted permission to place a water plant on two lots in their subdivision but would not be the required distance away from a residence. He further stated that the plant would only serve their subdivision at present but if the need called for it they might want to expand. After some discussion in the matter and upon Motion made by Commissioner Waddell, seconded by Commissioner Hamilton and unanimously carried, the Board agrees that permission be granted for a water plant to serve the Frossard-Glendale S/D on Lots 7 & 8, Block 1, to serve this subdivision only, and that in the event that this plant is to be expanded to serve a greater area, then the County