HomeMy WebLinkAbout1948-03-24
Bozeman, Mon ta na 97
March 24th, 1948
The Commission of The City of BozerrBn met in regular session in the Commission Room,
City Hall Building, Wednesday afternoon, Ma rch 24th, 1948, at 1:00 o'clock P.M. Those
being present were Mayor Sorenson, Commissioner Lowe, Commissioner Healy, City Manager
Henderson, City Attorney Lovelace, and the Clerk, when the following proceedings were had:
The minu te s 0 f the last regular session were read, and it was moved by Commis s ioner
I Lowe, seconded by Commissioner Healy that the minutes be approved as read, and the mot ion
was ca rried by the following Aye and No vote; those voting Aye being Mayor Sorenson, Com-
missioner Lowe and Commissioner Healy; thos e voUng No, none.
Applications for City Licenses
The following applications for City Licenses were presen ted:
Franklin Fur Co. O'Neil Service Station Don's Barber Shop 'l'he Swap Shop
It was moved by Commissioner Healy, seconded by Commissioner Lowe that the applica-
tions be approved and the licenses issued and the motion was carried by the following Aye
and No vote; those voting Aye being Mayor Sorenson, Commiss ioner Lowe and Commissioner
Rea ly; thos e vo ting No, non e .
Communication -- Licensing Beauty parlors
A communication was read from R. V. Bottomly, Attorney-General of Nontana, replying
to an inquiry from the City Attorney regarding the Cit y' s right to collect a license from
beauty parlors. Mr. Bot tonly stated tha t 11e does not ha ve any au thori ty to give opinions
to City Attorneys; but his unofficial opinion is tha t the on 1 y wa y t ha t this question can
be properly determined is by an ac tion in cour t. Dis cus s im on the ma tter was deferred un-
I til a later meeting.
Appointments ro Recreation Board
Mayor Sorenson announced the following lJlPointments of new members to the Board 0 f
Public Recreation:
Elwood Railey for a 3-year term beginning, January 1, 1948 & expiring January 1, 1~51.
Claire Cousins for a 3-year term beginning, ,Janua ry 1, 1948 & expiring January 1,1951.
It was moved by Commissioner Lowe, seconded by Commissioner Healy that tbe appoin tments
be a pproved and the moti on was ca rried by the fo llowing Aye an d No vo te ; those voting Aye
being Mayor Sorenson, Commissioner Lowe and Commissjoner Healy; those voting No, none.
Chamber of Commerce Travel Bureau
Mr. Tom Ellis, Secretary of the Chamber of Commerce and Ken Sullivan were pres2nt and
stated that a House & Travel Information Bureau is to be set up at the Chamber Office this
summer for the convenience of tourists. They asked that the meter in front of the Chamber
Office be capped for out-of-state cars to use the pa rking space; tha t a ye llow s trip be
painted on the curb on the Babcock Street side; that directional signs be placed at Tracy
& Main Streets on the lamp posts and that courtesy tickets be given to out-of-state cars
I instead of over-time parking tickets.
These gentlemen were informed that there would be no objection to placing the direction-
al signs; tha t the City does not favor the us e of "Courtes y Cards" in traffic control, but
believes this question can best be handled by instruction and training of police officers
and their use 0 f good judgment and proper leniency in tra ff ic controlc6ncerning out-of-
state or tourist cars. On the matter of reserving parking space for tourists it was
pointed out that the City will have a free parking lot across the street from the Chamber
98
of Commerce office which may be the best answer to the problem, but tha t limi ting
parking time to fifteen minutes in front of the Chamber of Commerce office would also
be tried out.
Comparative Costs of Water Lines to Sewer Plant
Mr. FIred Quinne 11, resident engineer for the sewage treatment plant presented three
plans for extension of a water main to the plant, together with estimates of cost for I
each plan. Action was deferred until a later meeting.
Sale of Sewer Revenue Bonds
The matter of completion of the sale of the issue of $300,000.00 of Sewer Revenue
Bonds, authorized by the voters of Bozeman at a special e Ie c ti on he ld 0 n June 24th, 1947
was nex t ta ken up. Mr. Stanton Aby, representing Kalman & Company, MJnneapolis, Minn -
esota was present. By an agreement between Kalman g,. Company and the City of Bozeman,
made ~/a y 3rd, 1946, and by subsequent letter, Kalman & Company agreed to purchase this
entjre IS.S1JA with interest on thope bonds maturing within ten years at 2% and those
maturin~ after ten years and within twenty years at 2t%; but this interest to be raised
or lowered in propor tion to the pri ce of U. S. Vic tory Bonds a t the time these revenue
bonds were sold.
Mr. Aby explained th8 t , from the price now quoted on Victory bonds, the ra te on
the sewer revenue bonds should be not less than 2t% and 3% but, because of the "peg" on
the price of Victory Bonds now set by the Federal Reserve Board, the presen t pri oe 0 f
those bonds c0111d not be used as a falr basis. He proposed tha t this Issue of Sewer
Revenue Bonds should bear 3% in teres t on thos e bonds ma turing the firs t ten years and I
3t% on the bonds maturing the last ten years. All phases of the matter were discussed
in detail. The excellent financial condition of this City, the general increase on
all interest rates, the immedia te financial obllga tions which the Ci ty of Bozeman has
to meet in connection wi th the Sewage Trea tment Plant, the delay which would be entailed
in advertising for bids on the bond issue and other details were considered. Mr. Aby
then proposed to pur chase the bonds on the following basis:
$56,000.00 @ 2t% maturing in one to five years,
69,000.00 @ 2-7/8%, ma turing in s Ix to ten years,
81,000.00 @ 2-7/8%, maturing in e}even to fifteen years, and
94,000.00 @ 3t,%, maturing in sixteen to twenty years.
This proposal was then taken under advisement, am it was "'oved by Commissioner
Heal y, seconded by Commissioner Sorenson tha t this regula r roee ting be ad ,journed un til
Thursday morning, March 25th, 1948, at 9:00 o'clock A.M., and the mo tion was c arri ed by
the fo llowing Aye and No vo te; those voting Aye being :r.layor Sorenson, Commissioner Lowe,
and Commissioner Healy; thos e vo ting No, none.
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