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<br />
<br />TUESDAY
<br />
<br />OCTOBER 24, 1967
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<br />landscaping, utilities and architectural services; and the cost of providing
<br />a limited amcunt of remodeling at the present Martinsville High School
<br />buildings, located on Cleveland Avenue and Brown Street, in order to convert
<br />these facilities for use as a junior high school; and providing for the
<br />submission of the question of issuing said bonds to the qualified voters
<br />of said City,1I adopted by the City Council of the City on March 24, 1966,
<br />in anticip~tion of the receipt of the proceeds of the sale of the bonds
<br />authorized to be issued by said bond ordinances.
<br />
<br />(2) Negotiable notes of the City of the aggregate principal amount of
<br />$1,646,000 shall be issued for all moneys borrowed pursuant to this
<br />resolution. Each of said notes shall be designated "Public Improvement Bond
<br />Anticipation Note". Said notes shall consist of two notes of the denomination
<br />of $823,000, numbered 1 and 2, dated October 31, 1967, payable April 30, 1968,
<br />bearing interest at the rate of 3.50% per annum, payable at maturity.
<br />
<br />(3) The Mayor and Clerk of the Council are hereby authorized and directed
<br />to cause said notes to be prepared and to execute said notes, and to deliver
<br />said notes to Piedmont Trust Ban k, Martinsville, Virginia, in exchange
<br />for said outstanding note upon paynlent of the interest payable with respect
<br />to said outstanding note to the holder of said outstanding note.
<br />
<br />The motion having been duly seconded, and the resolution having been considered,
<br />it was adopted, Messrs. Boaz, Hartford, Renick, Stone, and West voting for the
<br />resolution and not one voting against it.
<br />
<br />In reviewing the bids received October 17, 1967, pursuant to duly-advertised invitation,
<br />
<br />for the construction of the following sewerage facilities, Council accepted the lowest
<br />
<br />bid submitted, viz., that of Prillaman & Pace, Inc., Martinsville, Virginia, as
<br />
<br />follows:
<br />
<br />Division I - Smith River Interceptor from S7-9 to J-15: $124,509.00
<br />6,335 feet of 3611 diameter pipe, consiSting of 4,469 feet of
<br />corrugated metal pipe and 1,866 feet of concrete pipe; and
<br />
<br />Division II - Jones Creek Interceptor from J-15 to J-72: $208.954.00
<br />8,638 feet of 24" concrete pipe )
<br />1,781 feet of 21" concrete pipe )
<br />1,571 feet of 18" concrete pipe) total of 13,043 feet
<br />943 feet of 1511 concrete pipe)
<br />110 feet of 1211 conceret pipe)
<br />
<br />Council awarded said contract to said Prillaman & Pace, subject to approval of the
<br />
<br />State Water Control Board and the Federal Government, it being noted that Federal
<br />
<br />Government approval is necessary in order that this project become eligible for
<br />
<br />Federal aid. It was also noted that this project constitutes the last major phase
<br />
<br />of the new construction contemplated under the City's sewerage system improvement
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