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Resolution 563 RESOLUTION NO. 563 RESOLUTION AWARDING 4307 ,000. PUBLIC IMPROVETTARNT BONDS AND 4327 ,000. IM- PROVEME.LIT :BONDS, SERIES H. WHEREAS, after advertisement duly made, bids were re- ceived for 4307 ,000. Public Improvement Bonds and 4327 ,000 Improvement Bonds, Series "H" , of the city of Miami Beach, and were opened and read and canvassed, and WHEREAS, the following is a list of all bids and bidders complying with the terms of said advertisement: BIDDERS AND AMOUNT OF BIDS Bonds W. L. Slayton & Co. Sidney Spitzer & Co. The Southern Miami Beach bid Marx & Co. Seasongood and Mayer Bank and Dank & for Title Guarantee & Weil, Roth & Irving Trust co. Trust 00. Trust 0o. 4100,000.00 Water 'Works 097 ,500.00 497 ,030.00 497 ,030.00 4 414,000.00 Bridge 413,650.00 413,584.00 413,584.20 4 450,000.00 Sanitary Sewer 448,750.00 $48,515.00 444.515.00 4 $20,000.00 Storm Sewer 419,500.00 419,406.00 419,406.00 4 440,000.00 • Fire Depart- ment 439,000.00 038,812.00 438,812.00 4 425,000.00 Park X24,375.00 124,257.50 424,257.50 4 418,000.00 Bulkhead 417 ,550.00 *17 ,465.00 417 ,465.40 4 440,000.00 Street Paving139,000.00 438,812.00 438,812.00 4 4327 ,000.00 Improvement, "H"et' � 317 288.10 327 135.00 Series4318,825.00 4'317 ,300.00 4 4 Total 4618,150.00 4615,181.50 4615.170.20 4327 ,135.00 BIDDERS AND AMOUNT OF BIDS Bonds Bank of Bay Blanchet, Thornburgh Miami Beach Palm Beach bid Biscayne and Vandersall First National Company for Ryan, Bowman & Co. Bank 4100,000.00 Wato,Works $99,010.00 44450.00 4101,000.00 sifhpi,loo.00 $14,000.00 Bridge 013,861.40 413,461.00 414,105.00 014,154.00 $50,000.00 Sanitary Sewer 049,505.00 448,075.00 450,375.00 $50,550.00 $20,000.00 Storm Sewer . 19,802.00 419,230.00 020,150.00 020,220.00 '40,000.00 Fire Depart- ment 039,604.00 438,460.00 440,300.00 040,440.00 $25,000.00 Park 024,752.50 024,037.50 025,185.00 425,275.00 018,000.00 Bulkhead 417 ,821.80 $17 ,307.00 $18,135.00 418,198.00 440,000.00 Street Paving $39,604.00 038,460.00 440,300.00 $40,440.00 $327 ,000.00 Improvement Series "H" 0323,762.70 0314,410.50 4329,255.00 0329,350.00 Total 0627 ,723.40 $609,591.00 $638,805.00 $639,727.00 All of the above bids were for "All or None" excepting the bid of the Palm Beach Company. THEREFORE, BE IT RESOLVED by the City Council of the City of Miami Beach, Florida: Section 1. That the bid of PALM BEACH COMPANY, offering to pur- chase the afcresaid 0307 ,000 of Public Improvement Bonds and $327 ,000. ofImprovenient Bonds, Series H, which bid is in the following words and figures:- PROPOSAL FOR BONDS March 14, 1924. Mr. C. W. Tomlinson, City Clerk, Miami Beach, Florida. Dear Sir:- For 4100,000 Water Works Extension Bonds of the City of Miami Beach, Florida, described in the attachednotice of sale, which is hereby made a part of this bid , we will. pay 4101,100.00. . . .Dollars. For 014,000 Bridge Bonds of the City of Miami Beach, rlo- rida, described in the attached notice of sale , we will pay 414,1.54.00 Dollars. For $50,000 Sanitary Sewer Bonds of the City of Miami Beach, Florida, described in the attached notice of sale, we will pay $50,550.01 Dollars. For $20,000 Storm Sewer Bonds of the City of Miami Beach, Florida, described in the attached notice of sale, we will pay .420,220.0( Dollars. For 440,000 Fire Department Building and Equipment Bonds of the City of Miami Beach, Florida, described in the attached notice of sale, we will pay 440,440.00 Dollars. For 425 ,000 Public Park Improvement Bonds of the City of Miami Beach, Florida, described in the attached notice of sale, we will pay •25,275.00 Dollars. For 418,000 Water day Bulkhead Improvement Bonds of the City of Miami Beach, Florida, described in the attached notice of sale, we will pay 418,198.00 Dollars. For 440,000 Street Paving Bonds of the city of Miami Beach, Florida, described in the attached notice of sale, we will pay. . . . 440,440.00 DolJi rs. For $327,000 Improvement Bonds, Series h, for improving streets and sidewalks and constructing storm and sanitary sewers of the City of Miami Beach, .lorida, described in the attached notice of sale we will pay 4 4329,350.00 Dollars. In addition thereto we will pay accrued interest to the date of delivery and will. accept delivery at Hanover Nati. Bank at New York at the time stated in said notice of sale. We enclose herewith certified check for $12,794..54. . . . . . Dollars, being two per cent. of the par value of bonds bid for, pay- able to the order of the city of Miami Beach, Florida, which en- closure is to be returned to the undersigned if this bid be not accepted, otherwise it is to be deposited by said City, and when the bonds are delivered and paid for under the terms of this bid, to be considered as an advance part payment therefor, or it is to be retained by said City as and for liquidated damages in case the undersigned fails to take up and pay for said bonds in accord here- with. • - - y '' Palm Beach Company By Geo. M. Osborn No addition or alteration is to be made to this proposal, except that the bidder may draw a pen through the words "This bid is for all or none of the bonds bid for. " being the highest and best bid received for said bonds, in conformity with said advertisements and being more than par, be and the same is hereby accepted. Section 2. That all other bids hereinbefore stated be and the same are hereby rejected and the City Clerk is hereby authorized to return the checks of the unsuccessful bidders. Section 3. That this resolution be effective immediately upon its passage. PASSED AND ADOPTED this 14th day of larch,' . D. , 1924. I 4l ► 'I "re;l, e . y C unci. ATTEST: ity Clerk • . ts) L0 rd rd . 0 0 ck}rq t-i 0 74 0 0 1-1 00 •ci 4-) • 0 0 H ca 00 .cti t.0 $ • .74 , ,