HomeMy WebLinkAbout1926_08_25 Town Board Minutes Ozj
SPECIAL FETING OF THE TOWN BOARD
TOWN OF MAMARONECK
held August 25th, 1926.
The meeting was called to order by Supervisor
Burton at 8.30 P.M.
PRESENT: Supervisor Burton
Justices Boyd, Collins,Howell, Leeds
In the absence of the Clerk, upon motion duly
seconded, it was
RESOLVED, that Justice Leeds act as Clerk.
The Supervisor stated that the Special meeting
had been called in accordance with a resolution of the
Board to receive and open bids in connection with the
sale of $80, 000 Sewer District Bonds.
On motion duly seconded, it was
RESOLVED, that the call of the meeting
be approved.
i
The Supervisor asked if there was any one present
who had not submitted his bid.
On motion duly seconded, it was
RESOLVED, that the bids received for the
sale of $80, 000 Sewer District Bonds,
Series F, of Sewer District No. 1 of
the Town of Mamaroneck,pursuant to Notice
of Sale thereof, dated August llth, 1926
be now opened.
The Clerk pro tam proceeded to open and read each
of the several bids received, all of which were on the
official form of proposal furnished by the Town and
accompanied by certified or cashierst checks in the
required amount, and which were as follows:
41/4/ 41/2%
Batchelder Tack & Co. ,
New York City, no bid $ 81, 504.00
Rulleyn & Co. ,
New York City, no bid 81, 464.00
Roosevelt & Son,
New York City, no bid 810263.00
The Supervisor stated that the resolution hereto-
fore adopted by the Town Board authorizing the issuance
and sale of $80, 000 Sewer District Bonds of the Town of
Mamaroneck had provided that bids be received for bonds
bearing interest at the rate of both 41/4% and 41/2% per
annum but that bids for bonds bearing interest at the
rate of 41/4% per annum, if any legally acceptable bid
was received for bonds bearing interest at the rate of
41/4%, would not be accepted. He further stated that no
bids had been received for bonds bearing interest at the
rate of 41/4% per annum and it was therefore in order
that a resolution be adopted fixing the rate of interest
on said bonds at 41/2% per annum.
Upon motion duly seconded, it was
RESOLVED, that the $80, 000 Sewer District
Bonds of the Town of Mamaroneck, the
issuance and sale of which were hereto-
fore authorized by resolution of this
Board at a meeting duly called and held
on August llth,1926, bids for which bonds
have been opened and no bid having been
received for bonds to bear interest at
the rate of 41/4% per annum, shall bear
interest at the rate of 41/2% per annum
payable semi-annually on the first days
of January and July of each year; and
it was further
RESOLVED, that said interest rate of 41/2%
per annum be inserted in the form of bond
heretofore adopted.
The following resolution was offered by Mr. Justice
Collins and seconded by Mr. Justice Leeds:
RESOLVED, that the bid of Batchelder Wack
& Co, of New York City, having bid the
sum of $81, 504.00 for $80, 000 par value
Sewer District Bonds of Sewer District No.
1 of the Town of Mamaroneck bearing;
interest at the rate of four and one-half
per centum (41/2%) per annum ( no bids hav-
ing been received for said bonds at the
rate of 41/4% per annum)and accrued interest
at the rate borne by the bonds from the
date of the bonds to the date of payment
of the purchase price, pursuant to the
resolution of this Board, toNotice of Sale
made in accordance with law, and the said
bid being the highest and best bid received
for said bonds, and it complying with the
terms and conditions of said Notice of Sale,
the said bonds are hereby awarded to the
said Batchelder Wack & Co. and the aforesaid
bid is hereby accepted, and the Supervisor
is directed to deliver the said bonds upon
their execution and upon the receipt of the
purchase price therefor.
The resolution was put to a vote, and was adopted
as follows:
Ayes - Supervisor Burton
Justice Boyd
Justice Collins
Justice Howell
Justice Leeds
Nayes - None
The Supervisor thereupon declared the resolution
adopted.
Upon motion duly seconded it was
RESOLVED, that the Supervisor and Counsel
be and they hereby are authorized and
empowered and directed to take any and
all steps which may be necessary in the
premises to consummate the sale of the
aforesaid $800000.00 Sewer District Bonds.
Upon motion duly seconded it was
RESoLVED, that checks of the unsuccessful
bidders be returned by the Clerk, taking
the receipts of such unsuccessful bidders
therefor.
Justice Leeds reported that it was necessary
that the election voting booth in the 9th election district
in the Town of Mamaroneck must be moved; that he had made
an arrangement with Joseph Spano the owner of lots 9 and
10 in block 47, section 6 in the assessment map of the
Town of Mamaroneck to rent said lots for a period of
three months beginning August 20th, 1926 and ending November
20th, 1926, at the rate of $20.00 for said term, with the
understanding that the term could be extended from month
to month thereafter at a rental of $1.00 per month, the
same to be cancelled by either party on the giving of 30
days notice in writing.
Upon motion duly seconded, it was
RESOLVED, that Counsel be and he hereby
is authorized and empowered to draw a
lease between the Town of Mamaroneck
and Joseph Spano for the rental of lots
9 and 10 in block 47, section 6 in the
assessment map of the Town of Mamaroneck
for the term of three months beginning
August 20th,1926 and ending November 20th,
- 1926, at the rental of $20.00 for said
term with a provision that said term be
renewed from month to month thereafter
at'a rental of $1.00 per month and upon
such other terms as Counsel may deem
advisable; and it was further
RESOLIrM), that the Supervisor be and he
hereby is authorized and empowered to
execute the aforesaid lease for and on
behalf of the Town;, and it was further
RESOLVED, that the Superintendent of High-
ways be and he hereby is authorized,
empowered and directed to remove the
election voting booth now located at the
north side of the Boston Post Road
opposite KaneAvenue to the new location
covered by the lease herein authorized;
and it was further
RESOLVED, that Justice Leeds be and he
hereby is authorized and empowered to have
electric lighting equipment and such other
accessories as are necessary immediately
provided and installed in said voting
booth; and it was further
RESOLVyr+D, that the cost of removal and
installation herein provided be and the
same hereby is made a Town charge.
Upon motion duly seconded the meeting adjourned,