05-01-1958 - Special
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SPECIAL MEETING OF THE CITY COUNCIL
OF THE CITY OF EDS:TATER, VOLUSIA COUNTY,
FLORIDA, HELD MAY 1st, 1958.
A Special Meeting of the City Council of the City of Edgewater, Florida,
held May 1st, 1958 was called to order by Mayor George 0. Sedgwick at
11:00 A.M.
ROLL CALL
Mayor George 0. Sedgwick Present
Councilman H. W. Broga Present
Councilman C. C. Shaeffer Present
Councilman R. J. Henry Present
Councilman B. Farrell Present
City Clerk Frank F. Dippery Present
City Attfy John E. Chisholm Present
This being the time and place fixed in the published Notice for the con-
sideration of proposals for the purchase of r40O,000 Water Revenue Certificates,
the Meeting was called for this purpose. Mayor Sedgwick instructed Attorney
Chisholm to open the only bid received.
Bid received from Housing and Home Finance Agency for $400,000 ^later Revenue
Certificates through the United States of America, the bid being par plus
accrued interest at the rate of four and three-quarters per centum (4 3/4%)
per annum for all of the Bonds as advertised. Bids subject to the provisions
of the Loan Agreement dated December 12, 1957 between the Government and the
City of Edgewater.
RESOLUTION
RESOLUTION PROVIDING FOR THE SALE AND AWARD OF $400,000 WATER REVENUE CERTIFICATES,
AND MAKING SFbCIFIC PROVISION AS TO THE RATE(S) OF INTEREST THEY ARE TO BEAR.
The above and foregoing Resolution was read in full by Attorney Chisholm and
was introduced by Councilman Shaeffer, who moved it be adopted, seconded by
Councilman Farrell and by vote CARRIED. Roll call vote being as follows:-
Councilman Broga Yea
Councilman Shaeffer Yea
Councilman Henry Yea
Councilman Farrell Yea
Mayor Sedgwick Yea
Upon motion duly made by Councilman Broga, seconded by Councilman Henry and
carried, the Mayor and City Clerk were authorized to sign this resolution.
There being no further business Councilman Shaeffer moved we do now adjourn,
seconded by Councilman Farrell and by vote CARRfl D.
Time 11:50 A.Y.
Mayor J a-cy l ) el, N�a
Councilman __94.-41l 1/ )31.,e-g2;
Councilman
Councilman /
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Councilman G �
Attesta, ' X-
City Cler '
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