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HomeMy WebLinkAboutMINUTES-12/29/1913-RegularRecords of the City Council, 51 ` 2')th Day of December, 1913. 191 At a regular meetinb of the City Council held at the City Hall on the 29th day of December, A. D. 1913 the following proceedings were had Present Samuel H. Clammer, President D. C. Armitage and Alfred A. Edwards Commissioners Frank J. Annis, City Attorney. On motionthe minutes of December 18th and 22nd were read and approved. The Express Publishing Company putting in the lowest bid on Printing the Charter on motion Commission=r of Finance was ordered to have printied by the Express Publishing Company 1000 copies of the Charter. The roll being called the vote stood as follows. Ayes Commissioner Clammer, Armitage and Edwards. Nays Commissioner.. .. .. .. All commissioners voting in the affirmative the motion was carried and so declare( by the Mayor. On motion the following report was ordered spread upon the minutes. Fort Collins, Colorado, December 29, 1913. TO THE HONORABLE CITY COUNCIL OF THE CITY OF FORT COLLINS: Gentlemen: In the matter of the issuance of Park Bonds for the purchase of Prospect Park I have prepared a form for said bonds to be printed and submitted the same to the Com- missioner of Finance. I further find that under Section 3 of Article xIx of the Charter, the Commissioner of Finance is authorized to make loans of the permanent and sinking funds belonging to the City at higher rates of interest than paid by the banks, provided all such loans shall only be made with the unamimous consent of the Council and upon security approved by it. Under and by virtue of the power conferred by this provision of the Charter, the Council is authorized to direct the Commissioner of Finance to invest the permanent and sinking funds of the city in Park Bomds which will enable the city to receive five pe cent interest instead of two per cent upon its permanent and sinking funds. This suggestion having been previously made verbally to the Council at a previuos meeting in order to vest authority in the Commissioner of Finance to consumate a transac- tion of this kind, I have prepared a resolution covering both the matter of the dating ar. issuance of the bonds and the amount of each bond, and providing for the payment for the park lands purchased by warrants duly drawn upon the permanent and sinking funds to coves their purchase price, and authorizing and empowering the Commissioner of Finance to take the Park Bonds as an investment and as security for said funds. Whenever the City Council deems it advisable to sell and convert said bonds into arsilable money, it may do so by proper resolution directed to the Commissioner of Finance. Respectfully submitted, Frank J. Annis, City Attorney. Moved by Comtmnissioner Armitage and seconded by Commissioner Edwards that the fol- lowing ordinance be put upon final passage. Ordinance No. 17, 1913 PROHIBITING ANY EINOR FROM FREQUENTING BILLIARD HALLS POOL HALLS BOWLING ALLEYS OR SHOOTING GALLERY AND PROVIDING A PENALTY THEREFOR. The roll being called the vote stood as follows. Ayes Commissioner Clammer, Armitage and Edwards. Nays Commissioner... .. .. .. .. .. .. .. .. .. .. .. All commissioner voting in the affirmative the motion" was carried and so declared b; the President. On motion the following resolution was adopted. RESOLUTION OF THE CITY COUNCIL CONCERNING THE ISSUANCE OF PARK BONDS TO THE AMOUNT OF TEN THOUSAND DOLLARS AND THE INVESTMENT OF SINKING OR OTHER PERMANENT FUNDS OF THE CITY IN SAID BONDS. Whereas, at a regular meeting of the city council held on the 13th day of November' 1913, a resolution was adopted by the council accepting the offer to purchase the lands comprising Prospect Park made to said council by Alexander W. Scott, the owner thereof, al authorizing the Commissioner of Finance to prepare and have issued Ten Thousand Dollars (w10000.00) in Park Bonds of the City of Fort Collins under and in pursuance of the authority conferred by ordinances passed and adopted in 1907 in relation thereto and Wkereas Cher are sufficient funds in certain permanent and sinking finds belonging to the city now drawing interest at the rate of two per cent per annum which may be used purchase the Park Bonds and thereby increase the rate of interest from two to five per cent upon the said sinking funds; and Whereas, under Section 3 of Article XIX of the Charter of the City of Fort Collins the Commissioner of Finance is authorized to loan the sinking and permanent funds upon th unanimous consent of the council upon secutirty approved by it; Therefore be it Resolved, by the City Council that the Commissioner of Finance be and is hereby authorised and empowered to cause said Park Bonds to be issued to the amount of Ten Thous and Dollars ($l0000.00) which shall consist of ten (10) bonds numbered 1 to 10 inclusive for the sum of One Thousand Dollars (,G1,000.00) each, which said bonds shall bear date December 1, 1913) and draw interest at the rate of five per cent per annum, payable semi- annually, and shall be redeemable ten (10) years after the date thereof and absolutely due and payable fifteen (15) years after date; and said bonds shall be duly signed by the Mayor, countersigned by the City Clerk with the corporate seal, and further countersigned by the Commissioner of Finance and Ex-Officcio City Treasurer, and the interest coupons to be attached to said bonds sh 11 be countersigned by the City Treasurer. Resolved further by the City Council that the Mayor and City Clerk shall cause to b, drawn warrants upon the permanent or sinking funds which the Park Bonds ar to be invested which said warrants shall be drawn in favor of Alexander W. Scott for the purchase price of the park lands, and the park bonds when so duly executed as herein provided shall be ' 518 Records of the City Council, 29th Oa/of December, 1913 191 taken and held by the Commissioner of Finance and Ex-Officio Treasurer to the cd credit of the said'Permanent and sinking funds, and as security'for said invest- ment under and by virtue of the Authority contained in said Seetion3 of Article XIX of the City Charter, until further orders of the Council The roll being called the vote stood as follows. Ayes Commissioner Clammer, Armtage and'Edwards, Nays Commissioner.. .. .. .. . All commissioners voting in the affirmative the motion was ca­ried and se declared by the President. On motion Commissioner of Works D. C. Armitage was instructed to sell the Park team and purchase a nevi team more suitable to street work,Also was instr- ucted to prepare plans with *estimated cost of building new sheds and suitable shop room and further to alter the'old fird'wagon so a5 to make same useful. the Roll being called the vote stood as follows. Ayes Commissioners Clammer, Armitage and Edwards. Nays Commissioner.. .. All commissioners voting in the affirmative the motion was carried and so declared by the President. Whereupon Council adjourned to 8.30 A. 14. Dec, 30, 1 1 Attest (715�� /City At an adjourned regular meeting of the City Council held at on December, 30th, 1913 the following proceedings were had. ,,Present Samuel H. Clammer, President D. C. Armitage and Alfred A. Edwards Commissioners Absen Frank. J. Annis City Attorney. On motion the following ordinance was put upon final passage. Ordinance No. 18, 1913. An Ordinance Making the Appropriations for the Fiscal Year, E January 1, 1914 and ending December, 31, 1914. The roll being called the vote stood as follows. Ayes Commissioners, Clammer, Armitage and Edwards, Nays Commissioner All Commissioners voting in the affirmative the motion was -carries declared by the President Whereupon Council adjourned. President Attest y Clerk 'JANUARY, 5th, 1914 At a regular meeting; of the City Council held at the City Hail on t of January A.. D. 1914 the followin.- proceedings were had. Present, Commissioners Armitage and Edwards. City Attorney, F. J. Annis. Absent Commissioner Clammer. On motion the reading of the minutes of the meetings of December 29 were approved. On motion the petition for license to run a Billiard and'Pool Hail Levingston was granted, the roll being called the vote stood as follows. Ayes Commissioners Armitage and Edwards Nays Commissioner-- -- -- -- -- -- Absent Commissioner, Clarimer. All commissioners present voting in the affirmative the so declared by the Mice President. On motion action was deferred until next regular meeting public printing. On motion. Commissioner of Works and City Attorney were the matter of a ton charge for weiJhing over City scales. On motion Council adjourned. Attest City :notion' v; as instructed