The URL can be used to link to this page

Home My WebLink AboutCOUNCIL MINUTES 1952-01-28 Page 656 MINUTES OF THE SIXTIETH REGULAR MEETING OF THE COUNCIL OF THE CITY OF LIVONIA On January 28, 1952, above meeting was held at 33110 Five Mile Road, Livonia, Michigan, and was called to order at approximately 8:12 P M by the President of the Council, Harry S Wolfe Roll was called with the following result: Present-- Harry S Wolfe, Wilson W Edgar, Raymond E Grimm, Nettie Carey, Harvey Jahn and John Whitehead Absent-- William Taylor The minutes of the 59th regular meeting of the Council held January 12, 1952, were read and approved With the consent of all present, President Wolfe introduced to the Council Murel J Sancrant and Arthur Tresch who discussed the matter of offering to the City a guaranteed bid on the bonds to be sold under Ordinance No L2 and 43 Following this discussion a recess was called and the meeting reconvened at 9.50 P M , at which time all members were present who were named as present in the roll call of this 111 meeting Don Ryder and Mr Ziegel representing Sun Life Insurance Company made a statement to the Council on group insurance Mr. LaVerne Theisen, Chairman of the Civil Service Commission presented to the Council a summary of group insurance dated January 22, 1952, general provisions as to all plans submitted and a proposed group insurance plan and schedule With the consent of all present, this matter was referred to the Civil Service Commission and the insurance committee with the suggestion that they hold a joint meeting Communication from Robert G Yerkes dated January 25, 1952, together with Mr Yerkes' oral statement was carefully considered By Councilman Jahn, seconded by Councilman Carey and unanimously adopted as follows, it was . r/7 RESOLVED, that the President appoint a committee to work with the Planning Commission on the matters stated in Mr. Yerkes' letter The President thereupon appointed to such committee, Councilmen Jahn, Carey and Whitehead g' Page 657 Councilman Grimm, on behalf of the Fire Engine Committee, read and filed his report dated January 22, 1952 By Councilman Whitehead, seconded by Councilman Carey and unanimously adopted as follows, it was . 6"/" RESOLVED, that the report of the Fire Engine Committee be referred to the Director of Public Safety with the request that he furnish additional information to such committee Councilman Edgar, on behalf of the City Hall Committee, made a report on the preparation of the plans for the new City Hall By Councilman Jahn, seconded by Councilman Whitehead and unanimously adopted as follows, it was . A - RESOLVED, that the City Engineer prepare a topographical survey of the Civic Center site, that such survey be furnished to Ralph R Calder, architect, and the City Engineer cooperate with Mr Calder Councilman Edgar introduced the following ordinance : NO. 45 AN ORDINANCE TO AMEND SECTION 4 OF ORDINANCE NO 43, ADOPTED BY THE CITY COUNCIL OF THE CITY OF LI VONIA ON JANUARY 21, 1952, ENTITLED "AN ORDINANCE TO PROVIDE FOR THE REFUNDING OF OUTSTANDING WATER SUPPLY REFUNDING AND EXTENSION REVENUE BONDS, AND CONSTRUCTION OF EXTENSIONS AND IMPROVEMENTS TO THE WATER SUPPLY SYSTEM OF THE CITY OF LIVONIA, AUTHORIZING AND PROVIDING FOR THE ISSUANCE OF SELF— LIQUIDATING REVENUE BONDS FOR THESE PURPOSES UNDER THE PROVISIONS OF ACT 94, PUBLIC ACTS OF MICHIGAN, 1933, AS AMENDED; PROVIDING FOR THE FIXING, COLLECTION, SEGREGATION AND DISPOSITION OF THE REVENUES OF SAID WATER SUPPLY SYSTEM OF THE SAID CITY OF LIVONIA, AND PROVIDING FOR A STATUTORY LIEN IN "AVOR OF THE HOLDER OR HOLDERS OF SUCH BONDS UPON THE MOLE OF SUCH REVENUES " THE CITY OF LI VONIA ORDAINS: Section 1 Section 4 of Ordinance No 43 adopted by the City 6ouncil of the City of Livonia on January 21, 1952, to be amended to provide as follows Section 4. Said bonds shall be designated WATER SUPPLY SYSTi j REVENUE BONDS, and shall be, not general obligations of the City of Livonia, but revenue bonds, payable out or the net revenues of the System after provision has been made for the payment of expenses of operation, and shall consist of 1660 bonds of $1,000 each, dated as of February 1, 1952, numbered and maturing March 1st of each year as follows . Page 658 Bond Nos Inclusive Amount Maturity 111 1/20 $ 20,000 1954 21/110 2 0,000 1955 111/65 25,00o 1956 66/90 25,000 1957 91/115 25,000 1958 116/1110 25,000 1959 1141/165 25,000 1960 166/190 25,000 1961 191/215 25,000 1962 216/240 25,000 1963 241/270 30,000 19614 271/300 30,000 1965 301/330 30,000 1966 331/365 35,000 1967 366/1400 35,00o 1968 1101/1435 35,000 1969 1136/1470 35,000 1970 471/505 35,000 1971 506/5115 40,00o 1972 5146/585 40,000 1973 586/625 40,00o 19714 626/670 115,000 1975 671/715 115,000 1976 716/765 50,000 1977 IL 766/815 50,000 1978 816/870 55,000 1979 871/925 55,000 1980 926/980 55,000 1981 981/10140 60,000 1982 1041/1100 60,000 1983 1101/1160 60,000 19811 1161/1225 65,000 1985 1226/1295 70,000 1986 1296/1365 70,000 1937 1366/11435 70,000 1988 1436/1510 75,000 1989 1511/1585 75,000 1990 1586/1660 75,000 1991 Said bonds shall bear interest at a rate or rates not exceeding four (1 %) per cent per annum, payable on September 1, 1952, and semi-annually thereafter on March 1st and September 1st of each year, both principal and interest to be payable in lawful money of the United States of America at Detroit Trust Company, Detroit, Michigan. Outstanding bonds of this issue may be called for redemption as a whole, for the purpose of refunding on any interest payment date on or after March 1, 1962 IliUnless called as a whole, in accordance with the above provisions, bonds numbered 1 to 715, inclusive, maturing in the years 19511 to 1976, inclusive, shall not be subject to redemption prior to maturity Page 659 Bonds numbered 716 to 1660, inclusive, maturing in the years 1977 to 1991, inclusive, shall be subject to redemption prior to maturity, at the option of the City, in inverse numerical order, on any interest payment date on or after March 1, 1963. 1 Each bond called for redemption, either as a whole or in part shall be redeemed at the par value thereof and accrued interest plus a premium in accordance with the following schedule, to wit $45 00 if called for redemption prior to March 1, 1964, $40 00 if called for redemption on or after March 1, 1964, but prior to March 1, 1966, $35 00 if called for redemption on or after March 1, 1966, but prior to March 1, 1968 $30.00 if called for redemption on or after March 1, 1968, but prior to March 1, 1970 $25 00 if called for redemption on or after March 1, 1970, but prior to March 1, 1972, $20 00 if caned for redemption on or after March 1, 1972, but prior to March 1, 1975; $15.00 if called for redemption on or after March 1, 1975, but prior to March 1, 1978; $10 00 if called for redemption on or after March 1, 1978, but prior to March 1, 1981, $ 5 00 if called for redemption on or after March 1, 1981, but prior to March 1, 1984; No premium shall be paid on bonds called for redemption on or after March 1, 1984 Thirty (30) days' notice of the call of any bonds for redemption shall be given by publication in a paper circulated in the State of Michigan which carries, as part of its regular service, notices of sale of municipal bonds, and in case of registered bonds, thirty (30) days' notice shall be given by mail to the registered address Bonds so called for redemption shall not bear interest after the date fixed for redemption, provided funds are on hand with the paying agent to redeem said bonds. Said bonds may be registered as to principal only in the manner and with the effect set forth on the face thereof, as hereinafter provided. Said bonds shall be signed by the Mayor and countersigned by the City Clerk, and shall have interest coupons attached bearing the facsimile signatures of said Mayor and City Clerk, and said officials, by the execution of said bonds, shall adopt as and for their own proper signatures their respective facsimile signatures on said coupons. Section 2 All ordinances, resolutions or orders, or parts thereof, in conflict with the provisions of this Ordinance are to the extent of such conflict hereby repealed. Section 3 This ordinance shall be published in full in The Livonian, a newspaper of general circulation in the City of Livonia, qualified under State law to publish legal notices, within one (1) week after its passage Section 4 This Ordinance shall become effective immediately upon its adoption, towit. January 28, 1952 Page 660 A roil call vote was taken on the foregoing ordinance with the following result. AYES Grimm, Jahn, Carey, Edgar, Whitehead and Wolfe NAYS None. President Wolfe declared said ordinance adopted and effective as of the date of publication, February 1, 1952 By Councilman Edgar, seconded by Councilman Jahn and adopted as follows, it was : A 9.,0 RESOLVED, that the Department of Public Works send a letter to Harry E Wolfe, Inc , dated January 21, 1952, stating that certain streets will be maintained by the City A roll call vote was taken on the foregoing resolution with the following result. AYES • Grimm, Jahn, Carey, Edgar and Whitehead NAYS . None. Councilman Vlolfe did not vote on the foregoing resolution By Councilman Grimm, seconded by Councilman Jahn and unanimously adopted as follows, it was . RESOLVED, that this 60th regular meeting be adjourned to 8 00 P.M on Tuesday, January 29, 1952 The time of adjournment was 11:35 P M , January 28, 1952 Mafie ' ark, C5_ .y Clerk Attested: f Harry ''olfe esident