R-293-48 MIAMI SHORES VILLAGE RESQ TION NO. 29j
RESOLOTION AWARDING $100,000 VILLAGE HALL BONDS OF HIAK
SHORES VILLAGE
WMM, notice was duly published calling for sealed bids to be
received until 700 otclock P.M., Eastern Standard Time, September 7, 1948,
for $100,000 Village Hall Bonds of Miami Shores Village, Florida, at which hour
bidding was closed and the following bids were found to have been filed and to
accord in all respects with the terms of said notice, each bid enclosing a duly
certified or bank cashierts check for $2,500=
(a) Bid of G. B. Stephen, 140 N. E. 95th Street, Miami, Florida,
offering to pay $100,000.00 for said $100,000 Village Hall Bonds of Miami Shores
Village, Florida, $12,000 of said bonds maturing in the years 1949 to 1950,
inclusive, bearing interest at the rate of 3 per annum, and the remaining
bonds bearing interest at the rate.of 4% per annum;
(b) Bid of Stranaban, Harris & Co., Inc., Toledo 4, Ohio,
offering to pay $100,100.00 for said $1001,000 Village Hall Bonds of Miami. Shores
Village, Florida, $48,000 of said bonds maturing in the years 1949 to 1956,
inclusive, bearing interest at the rate of 3 per annum, and the remaining
bonds bearing interest at the rate of 4$ per annum;
(c) Bid of John Nuveen & Co., 135 So. LaSalle St., Chicago, Illinois,
Offering to pay $100,273.00 for said $100,030 Village Hall Bonds of Miami Shores
Village, Florida, all bearing interest at the rate of 4% per annum;
(d) Bid of Paul Frederick & Co. and Herbert J. Sims & Co. Inc.,
New York, offering to pay $100,119.20 for said $100,000 Village Hall Bonds of
Miami Shores Village, Florida, $30,000 of said bonds maturing in the years 1949
to 1953, inclusive, bearing interest at the rate of 5% per annum, U8,O00 of
said bonds maturing in the years 1954 to 1961, inclusive, bearing interest at the
rate of 4% per annum, and the remaining bonds bearing interest at the rate of
*% per annum;
(e) Bid of Barcus, Kindred & Co., 231 So. LaSalle Street, Chicago,
Illinois, offering to pay $100,260.00 for said $100,000 Village Hall Bonds of
Miami Shores Village, Florida, all bearing interest at the rate of 3 per annum;
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W Bid of Bessemer Properties, Inc., 1317 Biscayne Blvd., Miami,
Florida, offering to pay $101,007.00 for said $100,000 Vi17age Hall Bonds of Miami
Shores Village, Florida, all bearing interest at the rate of 3j% per annum;
(g) Bid of A. M. Kidder & Co., Miami, Florida., offering to pay
$100,000 for said $100,000 Village Hell Bonds of Miami Shores Village, Florida,
all bearing interest at the rate of 4% per annum;
(h) Bid of B. J. Van Ingen & Co., Miami, Florida, offering to pay
$100,209.00 for said $100,000 Village Hall Bonds of Miami Shores Village, Florida,
all bearing interest at the rate of 3 per annum;
(i) Bid of Atwill & Go., Miami, Florida, offering to pay $100,017.70
for said $100,000 Village Hall Bonds of Miami Shores Village, Florida, $18,000
of said bonds maturing in the years 194.9 to 1951, inclusive, bearing interest at
the rate of *% per annum, and the remaining bonds bearing interest at the rate
of 3% per annum; and
WHEFEAS, the bid offering to purchase the bonds at the lowest interest
cost to the Village, such cost being determined by deducting the total amount of
the premium bid from the aggregate amount of interest upon all of the bonds until
their respective maturities, is the bid of Bessemer Properties, Inc., 1317 Biscayne
Blvd., Miami, Florida,, offering to pay $101,007.00 for said $100,000 Village Hall
Bonds of Miami Shores Village, Florida, all bearing interest at the rate of 3j$
per annum; now therefore,
BE IT RESOLVED by Miami Shores Village, Florida:
Section 1. That the above-mentioned bid of Bessemer Properties, Inc.
offering to pay $101,007.00 for said $100,000 Village Hall Bonds of Miami Shores
Village, Florida, all bearing interest at the rate of 3 per annum, be and the
same is hereby accepted and said bonds are hereby awarded to said Bessemer
Properties, Inc. at said price and on said terms, delivery of said bonds to be made
on or about November 1, 1948 at Florida National Bank and Trust Company in the City
of Miami, Florida.
Section 2. That the checks of unsuccessful bidders shall be
immediately returned.
Section 3. That the officers of the Village are hereby authorized and
directed to take all steps necessary to carry into effect the provisions of this
resolution.
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Section 4. That this resolution shall be in force and effect from
and after its passage,
PASSED AND ADOPTED this 7th day of September, 1948.
Mayor
Attest:
G
� a
illage Manager Clerk