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Home My WebLink AboutMINUTES Light and Power Committee 1977-01-11BRADFORD PU WISHING CO.,DENVER R E C 0 R D 0 F P R 0 C E E D I N G S Light &Power Committee /January 11,1977 Committee:Chairman Petrocine,Trustees Burgess and Wagner Attending:Chairman Petrocine Also Attending:Town Administrator Hill,Trustee Houston,Director ofLight&Power Dekker,Finance Officer Duncan,CarlHenderson,and Tom Radnoti of Miner and Miner,ConsultingEngineers,Inc. Absent:Trustees Burgess and Wagner MARYS LAKE SUBSTATION -TRANSFORMER AND SWITCHGEAR BIDS: Consulting Engineer Tom Radnoti of Miner and Miner presented the attachedanalysesofthebidsreceivedJanuary6,1977 for the Marys Lake Substationtransformerandswitchgear.Mr.Radnoti stated that RTE wouldacceptanadditional$1,000 to the $108,000 bid in place of an escalationpercentagewhichMinerandMinerestimatestobe$2,573.Mr.RadnotirecommendsRTE’s transformer bid with the firm price and Systems Control’sswitchgearbidof$63,898.00 with the McGraw—Edison(Alt)equipment.TheCommitteerecommendsacceptingthebidsasrecommendedbytheconsultingengineer. MARYS LAKE SUBSTATION -BOND ISSUE: Bids for the $550,000 Light &Power Revenue bonds were submitted byBoettcher&Company and Bosworth Sullivan &Company,Inc.and are attachedtotheseminutes.The Committee recommends accepting Boettcher and Company’s low bid of $165,990.00 (Net Interest Cost). There being no further business,the meeting adjourned. H 1(1- Joan Van Horn,Secretary “‘.‘--——‘-— 1 )lV )i 0:4 TownofEstesParkBIDTABULATIONMarysLakeSubstationTransformer41/ITime:70:00a.m.,MSTPlace:EstesPark,ColoradoWatts17,500Cost]4,770.00Watts48,000Cost73,440.0028,2]0.00$]30,4]3.]0Watts]7,500Cost14,770.00Watts48,000Cost13,440.002810.00$133,788.00AdjustedTotal$131,225.85$]36,338.45$139,]16.70$142,660.35BidsRejected-NoneThisistocertifythatthebidswereinformallyopenedandreadgt10:00a.m.,MST,January6,7977aTEfrPaTk,Colorado.MinerandMiner,ConsultingEngineers,Inc.NAMEOFBIDDERRTERyallElectricGraybar0.E.SupplySchedule1BaseBidCostofLosses(FEx0.844)Watts(CUxO.280)WattsTotalCostcfLossesTotalBaseBidwthLossesDeliveryDote-$]0$,000.0077,200Cost9,452.8040,000Cost77,200.0020,652.80$]28,652.8030weeks$102,203.10$99,085.00Watts76,000Cost13,504.00Watts40,000Cost71,200.0024,704.00$123,789.00ShippingAugust,1977$105,578.000024weeks5—yearwarranty,EngineerInc..P.0.8.railsiding±$2,079forEngineer+$2,079forEngineerF.OBjobsite±$5,000shippingi—yearwarranty1—yearwarrantyWithtruck.+$1,200forEngineerFanstobeinstalledinfield+5%escl.+2%escl.+5%escl.+S%escj.24weeksEngineer TownofEstesPorkBIDTABULATIONSubstationSwitchgearDate:January6,1977Time:10:00a.m.,MSTPlace:EstcsPark,Colorado603id;relectedNoneThisistocertifythatthebidswereinformallyopenedandreadat10:00a.n.,MST,January6,MinerandMiner,ConsultingEngineers,Inc.EngineerScheduleIAd;ustcScheduleIDelivery[)ueScheduleIAdjustecSc:heduleIDolivet)’D’eBidder—SystemsControlBiddor—PedersenCo.Bidder—ElectricPowerBidder—GouldBidder—GraybarBiddat_GoldenGateMcGraw—Edison(Alt)WestinghouseEquipmentITEPACPetersonCompany63,898.0065,100.0064,689.0065,533.0066,105.0068,000.0063,896.0065,100.0065,414.0066,533.0066,930.0068,000.0022weeksAugust]5August10-1720-26weeksSept.1July7Bidder-AbbottBidder-EmpireElectricBidder-HamiltonBidder-SystemsControlBidder-RyallElectricBidder-A-CWestinghouseSalesSylvaniaA—CWestinghouse67,514.0069,673.0072,946.0073,697.0085,348.0089,190.0068,339.0070,498.0073,771.0073,697.0086,173.0090,015.00Sept.15Sept.,1977Sept.3022weeks34weeks30weeks (Thtm,0 :z%,E oeicher c impfly .....j EEELU Tnveslment Bankers Since 1910 ccT.osprflc F,1 Cotliris Grard Jonclion 828 Seventeenth Street Geeley P.O.Box 54 Mambos VtlatIaIti Denver,Colorado 60201 New York Stock Eachane.Inc.Casper I3Q3 292-1010 .American Stock EachanQe.Inc.Chlca5o Mdwosl Stock Enchanga.Inc.New York Town of Estes Park Town Hall Estes Park,Colorado For legally issued le Revenue Bonds of Town fEstesPark delivered to us in Estes Park or ,dated....?.f!Y 19 7...,and to mature and bear interest as follows: 00 i.is%$..Q,.Q.Q.Q...2±S3 :‘:7.9 59,900 2—1 84 0,000 2—1—80 50,000 2—1—85 4.90 % P 9°P.92...2:’z8 5.00% 9,9.0 2—1-82 &jio 9P QP.1z8 5 .00 % said bonds to be in the denomination of $.,Q0 bearing interest as shown a9.V ,payable semi-annually,both principal and interçst payable at....a !2kp.r 14t company in I es Park or Denver -WE WiLL PAY $and accrued iriterest from the date of the bonds to the date of delivery to us id 41 be callable Prior to ottr accepting delivery of said Securities,you agree to furnish a certified transcript of alt legal proceedings requi site to their issuance and delivery,including a signature and non-litigation certificate in the customary form,evidencing the legality of said Seéurities and the security provisions relating thereto to the satisfaction of •a ir 9d bond whose unqualified approving legal opinion irs the customary form shalt accompany said Securities at delivery. These bonds are to be delivered to us on or before March S..’or thereafter at our option. The cost of the printing of these bonds tctilt he paid by and the fees of approving attorneys will be paid by —e—kwHhthmrd-gon—EEZZEEcaYe1JidrTrc1-ofDurEUJd-fuitlr fir p.igith- f.same.ppdtr-s Uq do1-donig h id-w&-fri1or--r.ef-use -te-trke i.po kh ls..asa.&o.ve.p.ccidccL £d-ch.cck_i.&-t -bc--e t.ur-n c-cl -to.4s -.thi.c -p.capas.aL.is-no4-a p ted,-ar-.f-the-a This offer is for immediate acceptance unless otherwise specified above. Cross Interest Cost $153,725.00 Respectfully submitted, Plus Discount 12,265.00 Net Interest Cost $165,990.00 BoettCher and Company Average Effective Rate 5.1073 \\\ By ACCEPTED for and on behalf of Park ,pursuant to authorization by its governing body,and receipt of the above mentioned check acknowledged,on this date ,19 Attest: Signature Signature Official Title Off kid Title (SEAL) .CQ RO5IIJ0F’th u1Iiun -Crnprj.Inc. D tv’’7frTH 1L(T tVI7j CDLDD 7O2 TriEr..oHt o)177 -‘E’P.S,NtV.EC-3E Town of Estes Park January H -19 Estes Park,Colorado Gentl enien 2 For your $550,000__________ Revenue ___________ plus accrued interest from issue and bear interest as follows: _____ MATURITY 50,000 2-1-78 .500% 500UU 2-1 -80 5.500% 50 000 2-7-82 5.500% 50000 2-7-85 5.25%50,0002zT62 5 50% The office of the This bid is for prompt acceptance and is subject to unqualified approving legal opiionofMessrs.Willson and Lamm attorneys at law,accompanying the printed b}d upon TTFio us,and5nds-issued pursuant to normal revenue bond covenants for electric revenue bonds in Colorado. ACCEPTED: Respectfully submitted, 0u. tDR INFORMATION ONLY: Gross Interect Cost Plus Discount... Ne1 Ipterest Cost Net Effective Rate $]1 72 _j AMOUNT legally issued Light and Power Bonds,des cr1 b date to date of delivery to us,said bonds mature ser-i RATE AMOUNT MATURITY RATE Said Bonds shall: Be dated February 1,1977 Be payable as to principal and semi-annual interest at __________________ _____ ____________________ Be redeemable at the option of the Town in 1982 at 101 ____ - ____ Be delivered to us as promptly as possible but no iTr than February_15,T977 ____ except at our optinn. We will furnish at our expense the necessary legal proceedings(blutions,ordinances,afidavits,TZ,the unqualified approving legal opinionforrecognizedmunicipalbondattorneys,and-the printed bonds for official signatures.For these services you agree to pay us $zero .V BOSWORIH,SULLIVAN &COMPANY,INC. F.Blake tynch DATE:79