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Home My WebLink About1968-10-21MINUTES Council Chamber, Civic Center Huntington Beach, California Monday, October 21, 1968 Mayor Coen called the regular meeting of the City Council of the City of Huntington Beach to order at 4:30 P.M. The Pledge of Allegiance was given by all present in the Council Chamber. The Invocation was given by Reverend John Crumpler, Ellis Avenue Baptist ROLL CALL Church. Councilmen Present: Shipley, Bartlett, McCracken, Kaufman, Matney, Green, Coen Councilmen Absent: None MINUTES On motion by Kaufman, the minutes of the regular meeting of October 7, 1968, were approved as prepared, corrected, and mailed by the City Clerk. PARKING AUTHORITY BOND BIDS The Assistant City Administrator advised Council that they should accept bids presented to the Parking Authority and introduced Mr. Terrance McCarty of Stone and Youngberg, Financial Consultants to the City. Mr. McCarty addressed Council and explained that the two bids received were considered very satisfactory and the interest rates were lower than anticipated. He also informed the Council that it would be proper for them to accept the bids as the Legislative Body, for possible reference in future years. On motion by Kaufman, Council accepted the bids for the purchase of bonds as submitted to the Parking Authority. Motion carried. RECESS The Mayor called a recess of the Council at 4:47 P.M. He then called a meeting of the Huntington Beach Parking Authority to order. BIDS - PARKING REVENUE BONDS The Secretary informed'the Directors of the Parking Authority that two bids had'been received for the purchase of the 1968 Parking Revenue Bonds as offered by the Authority, and they were, in total, as follows: A group consisting of Merrill Lynch, Pierce, Fenner and Smith, Inc., and others in the amount of $2,300,184.00. A group consisting of Bank of America, N. T. and S. A. and Associates in the amount of $2,300,391.00. K,-.!"17 Page #2 - Council Minutes - 10/21/68 RESOLUTION NO 7 - AWARDING OF BONDS - ADOPTED The Secretary read Resolution No. 7 by title - "A RESOLUTION OF THE PARKING AUTHORITY OF THE CITY OF HUNTINGTON BEACH AWARDING $2,300,000 BONDS OF SAID AUTHORITY:TO.THE•BEST BIDDER AND REJECTING ALL OTHER BIDS." On motion by Kaufman, the Huntington Beach Parking Authority adopted Resolution. No. 7, by the following roll call vote: AYES: Directors: Shipley, Bartlett, McCracken, Kaufman, Matney, Green, Coen NOES: Directors: None ABSENT: Directors: None AWARDING OF CONTRACT - MUNICIPAL PARKING LOT The Secretary read a letter from the Department of Public Works pre- senting the bids received for the construction.of the Municipal Beach Parking Lot - CC-081, as follows: Strecker Construction Company ........... $ 1,173,902.52 Saliba-Gantner....................... .$ 1,255,074.06 Argo Construction .......................$ 1,264,270.90 W. J. Shirley... ........ hirley................. ...... $ 1,265,047.82 Sully -Miller.... ........................ $ 1,292,538.46 Coxco............... ......... ........$ 1,301,968.83 Valley Crest, .... — .......... .......... .$ 1,319,685.77 On motion by Green, the Huntington Beach Parking Authority awarded the contract for the construction of the Municipal Parking Lot to Strecker Construction Company, the lowest responsible bidder, for the bid amount of $1,173,902.52; rejected all other bids and directed the Secretary to notify the unsuccessful bidders. Motion carried. ADJOURNMENT OF PARKING AUTHORITY On motion by Coen, the meeting of the Parking Authority adjourned. Motion carried. COUNCIL RECONVENED Mayor Coen reconvened the meeting of the City Council of the City of Huntington Beach at 4:55 P.M. FINAL TRACT MAP NO 6682 - COVINGTON BROTHERS - APPROVED The Clerk presented a transmittal from the Planning Director submitting final form of Tract Map No. 6682 for adoption as follows: Developer: Covington Brothers, 2451_E, Orangethorpe, Fullerton, California; Location: South of Heil Avenue, 998.77 feet east of Goldenwest Street; Acreage: 3.718; Lots: 15, that the map had been examined and certi- fied by the Director of Public Works and the Secretary to the Planning Commission as being substantially in conformance with the tentative map as filed, amended and approved by .the Planning Commission. MI NUT ES PARKING AUTHORITY 41 � Council Chamber, Civic -Center Hunt'ing'ton Beach, 'California Monday, October 21, 1,968 Chairman._C.oen' called •a' -meeting. of -the -'Hunting.ton. Be ach=_•Parking.' ' Authority to order. BIDS - PARKING REVENUE BONDS -.The Secretary informed the Directors of the Parking Authority that two bids had been received for the purchase of the>1968 Parking Revenue Bonds as offered by the Authority, and they were, in total, a s. . f o 11 ow 8. :. . .._ ..... A group consisting of Merrill Lynch, Pierce, Fenner and Smith, Inc., and others in the amount of $2,300,184.00. A group consisting of Bank of America,, N. T. and S. A. and Associates in the amount of $2,300,391.00. .......... RESOLUTION NO 7 - AWARDING OF BONDS - ADOPTED The Secretary read Resolution No. 7 by title - "A RESOLUTION OF THE PARKING AUTHORITY OF THE CITY OF HUNTINGTON BEACH AWARDING $2,300,000. ,,:.BONDS OF SAID AUTHORITY TO THE BEST BIDDER AND REJECTING ALL OTHER BIDS." On motion by Kaufman, the Huntington Beach Parking Authority adopted Resolution No. 7, by the following roll call votel: AYES: Directors: Shipley, Bartlett McCracken, Kaufman, Matney, Green, Coen NOES: Directors: None ABSENT: Directors: None AWARDING OF CONTRACT —MUNICIPAL PARKING LOT The Secretary read a letter from the Department of Public Works pre- senting the bids received for the construction of the Municipal Beach Parking Lot - CC-081, as follows: Strecker Construction Company ........... $ 1,173,.902.52 Saliba-Gantner ..........................$ 1,255,074.06 Argo Construction ................ .....$ 1,264,270.90 W. J. Shirley ..................... ...... $ 1,265,047.82 Sully -Miller ............................$ 1,292,538.446 Coxco................. ................$ 1,301,968.83 Valley Crest .........:..................$ 1,319,685.77 Page #2 --Minutes - 10/21/68 On motion.by.Green, the Huntington Beach Parking Authority awarded the contract..for the construction of the Municipal Parking Lot to Strecker Construction Company, the lowest responsible bidder, for the -bid amount of $1, 173,902.52; rejected all other bids and directed!.the Secretary j t,p, notify,. the ;unsuccessful. bidders - Motion carried. 'ADJOURNMENT , On motion by Coen,. the, meeting. of the Parkin uthority adjourn d. Motion carried. Chairman ATTEST: 3 Seciz6fary