August 6, 1964MSNUfES OF A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF WEST N~1PHI5, ARKANSAS, HELD
AT THE !'TTY NETT TN SATT1 CTTY ON THE FiTH T1AY hF Ati(a1ST 196E
n
The City Council of the City of West Memphis, in the County of Crittenden, State of
Arkansas, met in regular session at the City Hall in said City at 3:00 o'clock P.4:., on
the 6th day of August, 1964.
The meeting was called to order by the N.ayor, and the roll being called there were:
Present: Bob Eden, 1`:ayor, in the chair, and the following named Aldermen:
Y. G. Sims, Earl Felts,
F. C. Weis, Kirby Leggett,
0. I. Bollinger, Paul Matthews,
R. C. Boone, C. H. Rowtcn,
and also City Attorney W. H. Dillahunty.
Absent: None.
Minutes of Council N.eeting on July 16, 196!!, were approved as read.
Mayor Eden informed the Council Attorney J. H. Spears representing Charlie J. Beaver
and West P:emohis Federal Savings & Loan Association, had requested that the hearing on the
"dangerous building" at 211 W. Bond be continued. Also, the Council was informed
Nr. D. D. Hudspeth, owner o£ property at 204, 206, 208, and 207 W. Bond, had requested a
continuance due to the fact that the property is in the process of being sold. After
discussion, motion was made by Alderman Leggett and secomed by Alderman Zwiatthews: That
the hearings on the "dangezsbuildings" within the terms of Section I of Ordinance Nc. 142
be continued until the next regular meeting of the Ccuncil on August 20, 1964. Upon vote,
the voting was as follows:
Yes: Aldermen: Sims, Weis, Bollinger, Bowie, Felts, Leggett, Matthews, and Rowton.
No : None .
City of West Memphis Audit for 1963 prepared by Harry F. Dodge, Certified Public
Accountant, was presented. After discussion, motion was made by Alderman I•iatthews and
seconded by Alderman Bollinger: That the Audit for 1963 be accepted as presented. Upon
vote, the voting was as follows:
Yes: Aldermen: Sims, Weis, Bollinger, Bowie, Felts, Leggett, P']atthews, and Rowton.
No: None.
P:ayor Eden reported to the Council Px. Jack Hogan has resigned as a member of the
Recreation Commission due to his moving from West Memphis. The N;ayor recommended
Ns. C. T. Rodgers be appointed to serve the unexpired term of Pir. Hogan. There being
no further recommendations, motion was made by Alderman Leggett and seconded by
Alderman Rowton: That C. T. Rodgers be appointed as a member of the Recreation
Commission to serve until Niarch, 1966. Upon vote, the voting was as follows:
Yes: Aldermen: Sims, Weis, Bollinger, Bowie, Felts, Leggett, Matthews, and Rowton.
No: None.
The election to be held on August 11, 1964, on the question o£ issuing bonds for
the purpose of Refunding Certain Outstanding General Obligation Bonds of the City and
constructing and equippping two community centers was brought to the Council's attention.
The following resolution adopted by the 1^Test I~:emphis Utility Comanission was presented:
}dl-TEREAS, approximately twenty-five (25) years have elapsed since the acquisition of the
present utility system owned and operated by the City of Y1est Tiemphis, and
WHEREAS, there has been rapid growth of the Ciy of Wsst Memphis which in turn produced
a rapid growth of the West I•iemphis utility system, and
WHEREAS, such rapid growth of the utility system will continue as indicated by projected
poaulation growth of West I~iemphis, and such growth indicated that the utility system owned by
the City of i^;est 1•iemphis be evaluated by personnel who are qualified in this particular field, and,
l~REAS, it has been determined by the West Niemphis~Utility Commission that Van Scoyoc &
Wislcup, Inc., Public Utility Consultants, are qualified to perform such evaluation in order
to advise said Utility Commission as to future growth and expansion;
IQ6uT, TH;iREFORE, BE IT RESOLVED by the West 1':emphis Utility Corm~ission, that Van Scoyoc 8
`r7iskup, Inc., Public Utility Consultants, be, and they are hereby, retained to make an
evaluation of the West N,emphis utility system.
ADOPTED this 3rd day of August, 1964
B. J. LAP'iBERT, JR.
P. M. DACUS
WM. H. HUt~IDHAUSEN
CHARLES J. UF'TON
P. G. PARS
Thereupon, Alderman Bollinger moved that the following Resolution be adopted, the
motion was seconded by Alderman Rowton:
RESOLUTION N0. 276
YlHEREAS, the West Memphis Utility Commission has determined that an evaluation of
the operations of the West Piemphis Utility system be made in order to properly plan for
future growth and expansion, and,
I~REAS, the 'vlest I•:emphis Utility Commission has recommended that Van Scoyoc &
Wiskup, Inc., Public Utility Consultants, be retained for this purpose, and,
i~IIER.EAS, the City Council of the City of nest Memphis concurs in this project and
consents to the evaluation as propcsed by the West Piemphis Utility Commission; and
NOLv, TiiEREFORE, BE IT RESOLVED by the City Council of the City of West P'emphis,
Arkansas, that the west N.emphis Utility Commission be, and it is hereby, authorized to
retain Van-Scoyoc &Wiskup, Inc., Public Utility Consultants, for the purpose of
evaluating the West Piemphis utility systems.
Upon vote, the voting was as follows:
Yes: Aldermen: Sims, Weis, Bollinger, Bowie, Felts, Leggett, Piatthews, and Rowton.
Nay: None.
P:ayor Eden informed the Council Pir. Reeves Ritchie of Arkansas Power & Light
Company and Ns. 'r!. J. Smith of Smith, Williams, Friday, and Bowen, Attorneys At Law,
Little Rock, Arkansas, had requested a meeting with the Council and Utility Commission
to present a proposal to the City for the purchase or lease of the electrical distri-
bution system owned by the City. The P'iayor stated he was of the opinion the City
needs the information to be formulated by the firm of Van Scoyoc & Wiskup, Inc.,
Public Utility Consultants, and the advise of experts eegarding utilities before arty
action is taken by the City. P;r. P<orris Fair, President of Jaycees, and PIr. Dave Thomas
and Pir. Darcy Piarcellini, Jaycee members were present, and P:r. Fair stated their
organization had received a letter from Arkansas Power & Light Company with reference
to the matter, it was brought to the Council's attention a number of organizations had
received letters. After deliberation, motion was made by Alderman Leggett and seconded
by Alderman Matthews: That the Pfayor arrange a meeting on the matter when the information
has been received £rom the Utility Consultants. Upon vote, the voting was as follows:
Yes: Aldermen: Sims, Weis, Bollinger, Bowie, Felts, Leggett, ratthews, and Rowton.
Nay: None.
The M ayor stated that consideration should be directed by the said Council to the
question of the adoption of a resolution to give notice of the sale of yltS0,000.00 of
bonds issued for the purpose of securing and developing industry within or near the
City of West N:emphis, Arkansas.
After discussion by said Council, Alderman Rowton introduced in writing a resolution
for that purpose which resolution the City Clerk read in full.
Alderman Leggett then moved that the rule requiring an ordinance or resoltuion to be
read in full on three different days be suspended and that said resolution be placed on
its second reading, seconded by Alderman Weis, and thereafter the P:ayor nut the question
on the adoption of said motion,3and the roll being called, the following voted:
Aye: Aldermen: Bollinger, Bowie, Felts, Leggett, Matthews, Sims, Rowton, and Weis,
and the following voted:
Nay: None.
shereupon, the I!ayor declared the motion duly passed and said resolution placed on
its second reading. The resolution was then read by the City Clerk.
Alderman Rowton moved that the rules be further suspended and the resolution be placed
on its third and final reading. This motion was seconded by Alderman Patthews, and
thereafter the Piayor put the question on the adoption of said motion, and the roll being
called, the following voted:
Aye: Aldermen: Bollinger, Bowie, Felts, Leggett, Matthews, Sims, Rowton, and 'vJeis,
and the following voted:
Nay: None.
Whereupon, the Mayor declared said motion duly adopted and said resolution placed upon
its final reading.
Said resolution was read in full by the City Clerk. Alderman Sims moved its adoption,
seconded by Aldeanaa Bollinger, and after due consiEration thereof by said Council, the
N;ayor put the question upon the adoption of said motion and the passage of said resolution-
and the roll being called, the following voted:
Aye: Aldermen: Bollinger, Bowie, Felts, Leggett, Matthews, Sims, Rowton, and Weis,
and the following voted:
Nay: None.
Whereupon, the P'syor declared said motion duly adopted and said resolution duly
adopted, and signed his approval to said resolution, which was attested by the City
Clerk, and impressed with the seal of the City.
Alderman Felts then moved that said resolution go into immediate operation and
became effective without delay because of the emergency declared in Section 2 of said
resolution, which section was then read in full, seconded by Alderman Bowie. The
Naybr put the question on the adoption of the said motion, and the roll being called,
the following voted:
Aye: Aldermen: Bollinger, Bowie, Felts, Leggett, Eatthews, Suns, Rowton, and Weis,
and the following voted:
Nay: None.
i~Rzereupon, the Mayor declared said motion duly passed.
Said resolution, to which no amendment was offered, read as follows:
RESOLUTION N0. 277
:;octicn 'v'.. That 'rice C'_ty Cle-_I: o;= this .,ity be
_ ~ozu ~~cd to nubli sh in sc^~ neca~aap^- n~.zblishec7 in the
City o'~ ;isst ?^'c~ap.~is, C_ittenden County, .._..sns_ ~_:zd
a'~=" a ..^na fide r_i,-czilation there_a.n, a^e ~o:1Ie;T:n
notice, ~;:izch shah. be p~:'??_ished once a o,*ao, a*__' rr,e
cJ-~-r fi.:;ad `er tha ;;ale, the first publication to re at
Lout t:~;e:aty `~0) da_~s before the said date:
TdCTICE OP SALE OF $450,000 CF
GETv'EP,AL 03LIG_^STIO^I •LT ~'JSTPIAL
BEVELCJ?~NT BOdL`S CF =:~ CIT.I
GF 1wa~ST T"..'m.TB'HFS, AP,ILnTQSAS, FC°
THE PI3EFCSE C? SECISRITIG ASS
i7F.VELOPIT',G II3DUSTP.IES i~]2?'?Ior]
ATID Fv'E^1t THE CITY CF Tn~ST F•~TI'HIS
1. NOTICE FS HERE';Y GIVEPI that on the 3rd day of
~S.el~pmbe~ , 1954, the City of idest Memphis, Arkansas, w=? 1
o=f~:: fo-_ sale for cash to the highest bidder en auction bids,
at c3 00 o'cloch,p .M,, at the City Hall in said City, Fou-
Hund_°ed nifty Thousand .Dollaxs ($450,0'JO) of bonds, isstDed fora
the purpose of aiding in securing and dove loping industry within
and near the City of i;est T1e~phis, ~kansas. '
2. The bonds will be dated as of June 1, 1964, bear
interest z*_ the rate of Three and sirty-five hundredths percentu*s
{3,65%) per annum, and zaill c~ature se_ia].ly on the first day of
December in eac?~ year as folloe~s:
$ 10,000 in each of the year 19157 and 1968;
$11,000 in each of the years 1969 and 1970;
$12,000 in each of the years 1971 and 1972;
S?3,000 in each of the years 1973 and 1974;
$.x.4,000 in the year 1975;
$15,000 in the year ?976;
516,000 in each of tine years 1977 and 1978;
$17,000 ~n ttze year 1979;
$ 18,000 in the year 1980;
:,.9,"00 in ::t,n y,,a-~ 198?
G20,000 in the year 1952;
$21,000 in the year 1983;
$22,000 in each of the years 1984 and 1985;
$23,000 in the year 1985;
$25,000 in the year 1987;
S2G,000 in the year 1985;
$27,000 in the year 1989;
$28,000 in the year 1990; and
$?_9,000 in the ;year 1991.
3. No bid at less than par, plus accrued interes~_, dill
be considered. The award, if made, will be to the bidden- offer-
ing the lowest interest cost to the City; the interest cost to
be determined by computing the aggregate amount of interest at
Three and sixty-five hundredths percentum (3.65%) per annum, and
deductin;; therefrom the amount of any premium offered.
4. The bonds ~oi11 be secured by a p ledge of the proceeds
of a tar, of three (3) mills levied against the ta;abie grope°ty
in the City of i~test Memphis, Arkansas, which levy shall continue
and be in force from year to year and collected until the principal
of and interest on the said bonds shall be fully paid; pravided,
however, that the Cit; may, from time to time, suspend the col-
lection of such anrval levy, in whole or in part, when not re-
quired for the payment of the bonds. rt is contemplated that
the pledge of rentals from the industrial plant developed from
the proceeds of the sale of the bonds and from the proceeds of
the sale of $300,000 of Indus*_rial revenue.bonds proposed to be
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issued by the City under the provisions of Act No. 9 of the
Special Session of the General Assembly of the State of
Ar~.ansas for the year 1960 will cna~:e possible such suspension
from time to time, in whole er in part, but the pledge of the
three (3) mills will be a continuing pledge until the said
bands are fully paid.
5. The purchaser shall have the privilege of converting
the bond issue as sold into an issue of bonds bearing a lower
rate or rates of interest, said conversion to be according to
the Universal Bond Values Table, and providing the City shall
receive no less and pay no more than it would receive or pay
for 3.65% bands, and provided, further, that the terms of
conversion are approved by the City Council of the City of
G7est P4emphis, Arkansas.
b. The bonds will be subject to redemption, at par and
accrued interest, prior to maturity, at the option of the City,
in inverse numerical order, on any interest payment date en
and after December 1, 1969, only from surplus lease rentals
after there has been set aside a sum sufficient to service the
bonds for the current year and the next six months' interest, or
from any other available funds, Notice of the call will be pub-
lisped for one insertion more than thirty (30) days before the
date of such redemption in a newspaper published in the City of
Little Rock, Arkansas, and of general circulation in the State
of Arkansas.
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7. The bonds of this issue will supplement $300,000
of bonds proposed to be issued by the City of [Jest Memphis
under Act No. 9 of 1960, and the proceeds of both issues will
be used for the purpose of securing and developing industry
4Ji thin or near the City of idest tlemphis, Arkansas.
S. The bonds will be delivered subject to the final
approving opinion of Messrs. Rose, I.1eek, House, l;arron, Nash
& [dilliamson, bond counsel, of Little P.oclc, Arkansas, whose
opinion will be printed on each bond.
9._ The purchaser cai11 pay the cost of the approving
opinion, the printing of the bonds, and the authenticating
of the bonds, and the purchaser may name the trustee and paying
agent and the bank to authenticate the bonds.
10. The City reserves the right to reject any and all
bids.
11. Bids must be accompanied by a certified or cashier°s
check for $9,000, payable to the City to be its liquidated
damages in the event the bidder fails to Hake good its bid,
then to be applied to the purchase price if it gets the bonds;
otherwise, to be returned. Intorest will not be paid on such
good faith check.
~r:r
City Attorney -illahunty reported on two locations for the plant proposed to be
constructed by East St. Louis Casting Company, one location being on N. nth Street south
of the conversion ditch and the other in the Hulbert Area on the Rainer property.
Alderman Rowton brought to the Council°s attention the parking situation at the
corner of Roosevelt and i~:issouri due to new business being located there. After discussion,
Playor Eden was authorized to have NO PARKING signs erected on both side of Roosevelt for a
distance of 7, feet.
Mayor 3den introduced I~ir. I. N. Hanna, who has been employed by the Utility Comnnission
to inspect sewers and will be working out o£ Plumbing Inspector Ferrine°s office.
There being no further business, the Council adjourned.
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ATTEST• ~ -
APFRO/E-: AUGUST 20, 196u