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Pacific View Drive, 3300 (Big Canyon Reservoir)
r STATE OF CALIFORNIA— RESOURCES AGENCY RONALD REAGAN, Governor DEPARTMENT OF WATER RESOURCES P. O. BOX 388 SACRAMENTO 95802 June 1, 1967 f Mr. Benjamin Nolan Assistant Public Works Director City of Newport Beach, Newport Beach California Subject: Big Canyon Dam and Reservoir, No. 1058 Dear Mr. Nolan: Enclosed is the Certificate of Approval for Big Canyon Dam, issued pursuant to the provisions of the law governing State supervision of dams. An important part of assuring the continued safety of any dam is regular observation. Surveillance data being taken at the dam should be reported periodically to this office for review and comment. Please submit for approval details of your systematic program for monitoring future performance of the reservoir including: 1. Locations of survey points. 2. A schedule and description of methods for resurveying vertical and horizontal control monuments. 3. A schedule for observing and measuring the flow from underdrains. 4. A schedule for routine periodic _:spections of the reservoir lining and the dam embankment. 5. A schedule and format for reporting the above surveillance data to the Division of Safety of Dams. 0 Mr. Benjamin Nolan -2- June 1, 1967 I appreciate the cooperation received from the City during our review of Big Canyon Dam. Enclosure Certified Mail Sincerely yours, Robert B. Jans n Division Engineer Division of Safety of Dams : O � � � � � � 2 / \ / \ \ / \ / } 4 \ \ 2 \ \ 3 / k� \� \ \ \ � t � { / - f { } \ a \ 2 ) / \ \ / ƒ \ £ \ $� . E ) f 2 Q g a m, / 3 / < ® ¥ ° Q( 2: . 2 \ »[ ± @ cl: % w z ® F=: ; 2 ¢ ca( a #; «( Q $ Q ® M� \ \ & \ 7 \: \ >z _ \ \ \} � �t v m •� � � � � 2 / \ / \ \ / \ / } 4 \ \ 2 \ \ 3 / k� \� \ \ \ � t � { / - f { } \ a \ 2 ) / \ \ / ƒ \ £ \ $� . E ) f 2 Q g a m, / 3 / < ® ¥ ° Q( 2: . 2 \ »[ ± @ cl: % w z ® F=: ; 2 ¢ ca( a #; «( Q $ Q ® M� \ \ & \ 7 G ( k \\ ƒ\ �72 ` \\ } / � \ 4 G ( k c# (3v March 30, 1967 Mr. J. Wylie Carlyle County Recorder P. O. Box 238 Santa Ana, California 92702 Dear Mr. Carlyle: Enclosed is Quitclaim Deed showing City of Newport Beach as grantor. Will you please record this for the City and return it to this office. dg Encl. Very truly yours, Laura Lagios City Clerk City of Newport Beach 6 -i3 -66 ' - _'� �. .. • ..... 1. QUITCLAIM DEED FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, the CITY OF NEWPORT BEACH, a municipal corporation organized under the laws of the State of California, hereby REMISES, RELEASES, and QUITCLAIMS to Owners of Record the City's interest in that portion of that certain easement for road purposes for ingress and egress over the following described real property in the City, of Newport Beach, County of Orange, State of California: That portion of Block 93 of Irvine's Subdivision. as per map recorded in Book 1, Page 88 of Miscellaneous Record Maps in the office of the County Recorder of said County described as follows: That portion of that certain perpetual easement for road purposes, forty (40) feet in width as de- scribed in the deed to the City of Newport Beach recorded December 20, 1957 in Book 4143, Page 395 of Official Records, lying Northwesterly of the Northwesterly line of that certain Metropolitan Water District easement, 20.00 feet wide, de- scribed in Book 2402, Page 469 of Official Records. DATED:�� ,a��`. �f, 1967. CITY OF NEWPORT BEACH By- May Kr ATTEST: City Clerk STATE OF CALIFORNIA ) ss COUNTY OF ORANGE ) On G� 3'-o , 1966, before me, the undersigned, a Notary Public in and for said County and State, personally appeared PAUL J. GRUBER and k,Ios , known to me to be the Mayor and the City Clerk, respectively, of the CITY OF NEWPORT BEACH, the municipal corporation that executed the within instrument, and acknowledged to me that said municipal —corporation executed the same pursuant to a resolution of its City Council. FATNESS my hand and official s al. Notary P is in and fc County and State .. -2- s n !+ March 14, 1967 Mr. J. Wylie Carlyle County Recorder P. O. Box 238 Santa Ana, California 92702 Dear Mr. Carlyle: Enclosed for recordation is Grant of Easement from The Irvine Company . Acceptance of this Grant was authorized by the Council at its meeting on March 13, 1967 by the adoption of Resolution No. 6532. Very truly yours, Laura Lagios City Clerk City of Newport Beach dg Encl. TO: CITY COUNCIL FROM: PUBLIC WORKS DIRECTOR • MARCH 13, 1967 � -d SUBJECT: EASEMENT FOR INGRESS AND EGRESS PURPOSES FOR BIG CANYON RESERVOIR RECOMMENDATIONS: 1. ADOPT A RESOLUTION ACCEPTING A GRANT OF EASEMENT FOR INGRESS AND EGRESS OVER REALIGNED, PACIFIC VIEW DRIVE* 2. ADOPT A RESOLUTION AUTHORIZING THE EXECUTION OF A QUITCLAIM DEED OF AN EASEMENT FOR INGRESS AND EGRESS OF A PORTION OF PACIFIC VIEW DRIVE TO BE ABANDONED. 3. AUTHORIZE THE CITY CLERK TO RECORD THE EASEMENT AND DEED. DISCUSSION: THE PROPOSED EASEMENT TO BE ACCEPTED BY THE CITY is '40 FEET WIDE AT SAN JOAQU.IN,HILLS ROAD AND GO FEET WIDE WESTERLY OF LINCOLN SCHOOL. THE REALIGNMENT OF PACIFIC VIEW DRIVE WAS NECESSITATED BY THE CONSTRUCTION OF SAN JOAQUIN HILLS ROAD. THE PORTION OF PACIFIC VIEW DRIVE TO BE ABANDONED HAS BEEN - REPLACED BY THIS NEW STREET AND AN EASEMENT FOR SAN JOAQUIN .HILLS ROAD WAS ACCEPTED AT THE LAST COUNCIL MEETING. THE PRECISE LOCATION OF THE NEW EASEMENT IS SHOWN ON THE IRVINE COMPANY'S DRAWING. NO. 74P -12 -L. THE GRANTOR IS THE IRVINE COMPANY. THE PURPOSE OF THE EASEMENT IS TO PROVIDE ACCESS FOR CITY VEHICLES TO THE BIG 'CANYON RESERVOIR SITE.. A FUTURE EASEMENT DEOICAT114G THE STREET TO THE PUBLIC WILL BE NECESSARY WHEN FULL STREET IMPROVEMENTS*ARE MADE. JbSEPH AVEVLIN P BLIC W S DIRECTOR 3_i3 -67 0 CITY OF NEWPORT BEACH CITY ATTORNEY March 2, 1967 To: City Clerk 4 From: City Attorney Subject: Realignment of Pacific View Drive Attached are the following documents in connection with the subject matter: 1. Original and two copies of a grant of easement from The Irvine Company to the City dated February 2, 1967. 2, A resolution which, if adopted by the City Council, will (P.) accept the above grant of easement. 3. Proposed quitclaim deed from the City of Newport Beach to Owners of Record of the City's.interest in a portion of a certain easement for road purposes for ingress and egress previously,granted to it by The Irvine Company, ' 4. A resolution which, if adopted by the City Council, will authorize the execution of the above quitclaim deed, The Public Works Director requested these resolutions be pre- pared for presentation to the City Council at the March 13, 1967, meeting. The grant of easement should be considered first and, if it is accepted, then the quitclaim deed should be authorized: An explanatory memorandum on this matter should be furnished by Public Works. Tull . Se ur THS :mec City Attorney Atts. cc - City Manager Public Works Director (Attention: Michael J. Anderson) 0.. - • em 2/1,/67 (12) H a 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 RESO7f3iION NO. 653 2 ^ A, RESOLUTION ub TIC CITY QWNCIL OJf T!¢ CITY Ur' 2UNPORT UAL ;H Ao:.-. T1X A C.-'L WT OF EASUIENr AS, The Irv_ �<_ :ompany, a G7r:; v rgln'ia corpor- ati,*n, has exe,;uLed and delivered 'Lo the :_:Lay Of Newport Bclao(a a Graat_.vf Basemen's, ;a-iiah grants co the City a e�clusive easeiaent -for ingress and egress over the followlz. described real property in tht Q,ty of Newport Beach, County of Orange, State of California Y2.ibWEt A strip of land 60.00. feet in width, in bloc,, 93 of irvlt;'6 Su�ivisiol as per map re..oroec irk 33oon 1, Page 88 of Miscellaneous Record maps in the a �:fi_0 of thr 4wanti Recoider of Oaiu County, the Northerly line of said strip Leir4 described as fo11vWS Beginning at the iutersection of the Northerly tight of way line Oi Pacific View Drive, a private _cad 60.00 feet wide, with the Norta- e 1y li that rtain hetr:liLan mater i.is':.r.'i;t easement, 20.00 feet )idL, :lescribed in look 2402, Pale 4b9 of Official fecc:rds, as said intersection is shown on a map Liled in Book 63, Page 45 os Record Of Surveys, the bearinb o said northerly right of way line is shown .-r; said map as South 719 04' 01" :Gast; thence North 71° 03' 24" West 415.34 feet along said right of way line to the beginning of a -aurae concave Northeasterly having; a radius of 470.00 Beet; thence Northwesterly 190.31 feet along said curve being also said right or way line through an angle of 23° 124 00" to the Northwesterly line of that certain 13.020 acre parcel of land shown on said map filed in Look V-3, Page 45 of Record of Surveys. The Southerly line of said strip of lane; to be shortened so as to terminate Easterly on said Northwesterly line of said Metropolitan dater District easement. r'AECEL 2 A strip of land, 40.00 feet in width, in Block 93 of Irvine's Subdivision as per map recorded in Book 1, Page 88 of Miscellaneous Record Plops in the office of the County Recorder of said County, the center line of said strip being described as follows: Beginning at the most Westerly comer of that certain 13.020 acre partiel of land shown on a mar filed in 1 2 3 4 5 6' 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 2B 29 30 31 32 and G Book 63, Page 4t of Record o Surveys; thence ac right angles to Northwesterly line of said parcel North 47 51' 24_:;:�st 190.53 £eat to the beginning of a curve concaV, $putheri' raving a radius of 75.00 feet; then steriy 89.16 feat along said curve thx ough an = of 68° 06' 37" to the beginning v# a reverse curve concave Northerly having a radius of 1000.00 feet, a, radial to said Point of revei.se curvature bears South 25` 58' 01" East; thence Westerly 111.24 faet along said curve through an angle of o 23' 26 "; thence Smsdk 70.' 24' 25" West 260.00 feet. MJWECT TO easements, right of way and other matters oz record. RESERV1B1Ca UNTO Gru1NTOR, its successors and assigns: (1) The right to ccnstruct, install, replace, main- tain, operate and use, over, under, across and along said road easement streets and roads; polelines, .pipelines and other facilities for the transmission of oil, water, sewage, electricity and telephone; and far other purposes not inconsistent with the use cl�� said easement by Ctartee; (2) The right to the joini use of said road easement, or any part thereof, for road purposes; WHEREAS, it is to the interest of the City to accept said Grant of Easement for such purposes; NOW, THEREFORE, BE IT RESOLVED that said Grant of Ease- rent is hereby accepted and the City Clerk is authorized and directed to e�.ecute and attach theretc, a cerU ieate of acceptance and consent to its recording and to record said document in the County Recorder's office. bLQUTEL.. this .. 13th day of March 1967. ,lrayor AliESi: _ City v er c 2, 7 easement for ingress and agrees over the following described real property in the City of Newport Beach, County of Orange, State of e California: 10 II PARCEL 1 11 A strip of land, 60.00 feet in width, in Block 93 of Irvine's Subdivision as per map recorded in 12 Book 1 Page 88 of Miscellaneous Record Maps in the office of the County Recorder of said County, 13 the Northerly line of said strip being described as follows: 14 Beginning at the intersection of the Northerly 15 right of way line of Pacific View Drive, a private road 60.00 feet wide, with the North - 16 westerly line of that certain Metropolitan Water District easement 20,00 feet wide, described in 17 Book 2402 Pate 499 of Official Records,as said intersection is shown on a map filed in Book 63, 18 Pam& 45 of Record of Surveys the bearing of said Northerly right of wayy iine is shown on 19 said map as South 71° 041 01 " East; thence North 71° 03' 24" west 415,34 feet along said right of way line 20 to the beginning of a curve concave Northeasterly having a radius of 470.00 feet; thence Northwesterly 21 , 190.31 feet along said curve being also said right of waq line through an angle of 23° 12' 00" to the 22 Northwesterly line of that certain 13.020 acre parcel of land shown on said map filed in Book 63, 23 Page 45 of Record of Surveys. 24 The Southerly line of said strip of land to be shortened so as to terminate Easterly on said 25 Northwesterly line of said Metropolitan Water District easement. 26 27 PARCEL 2 28 A strip of land, 40.00 feet in width, in Block 93 of Irvine's Subdivision as per map recorded in 29 Book 1 Page 88 of Miscellaneous Record Maps in the office of the County Recorder of said County, 30 the center line of said strip being described as 31 follows: Beginning at the most Westerly corner of that certain 32 13.020 acre parcel of lend shown on a map filed in Mec • ., 14 16/67 (7) 1 I GRANT OF 2 3 FOR A VALUABLE CONSIDERATION, receipt of which is hereby 4. acknowledged, THE IRVINE COMPANY, a West Virginia corporation, 5 hereby GRANTS to the CITY til.B01YORT BEACH, a municipal corporation 6• organised under the laws of the State of California, a nonoxclusive 7 easement for ingress and agrees over the following described real property in the City of Newport Beach, County of Orange, State of e California: 10 II PARCEL 1 11 A strip of land, 60.00 feet in width, in Block 93 of Irvine's Subdivision as per map recorded in 12 Book 1 Page 88 of Miscellaneous Record Maps in the office of the County Recorder of said County, 13 the Northerly line of said strip being described as follows: 14 Beginning at the intersection of the Northerly 15 right of way line of Pacific View Drive, a private road 60.00 feet wide, with the North - 16 westerly line of that certain Metropolitan Water District easement 20,00 feet wide, described in 17 Book 2402 Pate 499 of Official Records,as said intersection is shown on a map filed in Book 63, 18 Pam& 45 of Record of Surveys the bearing of said Northerly right of wayy iine is shown on 19 said map as South 71° 041 01 " East; thence North 71° 03' 24" west 415,34 feet along said right of way line 20 to the beginning of a curve concave Northeasterly having a radius of 470.00 feet; thence Northwesterly 21 , 190.31 feet along said curve being also said right of waq line through an angle of 23° 12' 00" to the 22 Northwesterly line of that certain 13.020 acre parcel of land shown on said map filed in Book 63, 23 Page 45 of Record of Surveys. 24 The Southerly line of said strip of land to be shortened so as to terminate Easterly on said 25 Northwesterly line of said Metropolitan Water District easement. 26 27 PARCEL 2 28 A strip of land, 40.00 feet in width, in Block 93 of Irvine's Subdivision as per map recorded in 29 Book 1 Page 88 of Miscellaneous Record Maps in the office of the County Recorder of said County, 30 the center line of said strip being described as 31 follows: Beginning at the most Westerly corner of that certain 32 13.020 acre parcel of lend shown on a map filed in 'sy- it 2' 3 4 5 6 7 8 9 10 11 12 131 11A 15 16 17 18 19 20 21 22 23 24 25 26 27 28 2,9 30 31 32 • gook, 63' -Rags 45 of%acord of Surveys; thence at right. Tles to the 1b rthwesterly line of said parcel North 4T^ 51' 24" Weit,,190.53 feet to the beginning of a cuWe cosaave 9outbArly having a radius of 75.00.. 1; thence Westerly 89.16 feet along said curve tkrs4h an angle of 68' 06' 37" to the beginning of a reverse curve concave Northerly having a radius of 1000.0016at, a radial to said poin of reverse curvature bears South 25° 58' 01" gash thence Westerly 111.24 feet along said curve. :rough an angle of 6' 22' 26 "; thence South '70° 24 25" West 260.00 teat. SUBJECT TO easements, right of way and other matters of record. IMSERVIHG UNTO GRANTOR, its successors and assigns: (l1 The right to construct, install, replace, aain- to no operate and use, over, under, across and along said road easement streets and roads; pipelines pipelines and other facilities for the transmission of oil, water, sewage, electricity and telephone-, and for other purposes not inconsistent with the use of said easeaent by Grantee; (2) The right to the joint use of said road easement, or any part thereof, for road purposes. Said property over which the easement is hereby granted is shown on The Irvine Company drawing dated June $, 1966, designated Drawing No. 74P -12 -L, entitled "Realignment of Pacific View Drive ", a copy of which is for the sake of convenient identification marked Exhibit "A" and attached hereto and made a part hereof by this reference. DATED* FEb 2 1967 , 1967. v�E1 E C Q THE IRVINE_G W Y Q= SEAL STATE of CALMOR A ) : as COUNTY OF ORANGE ) vice President — BY 1 —+" Assistant ecretary tL6 2 1967 on , before me, the undersigned, a Notary Public in and for said to e, personally appeared R. L WATSON , known to as to be the vice Preei en , an R. S. HETZ , known to me 0—se' the ASSISTANT Secretary o the corporation that executed the within ns rument, own to me to be the persons who executed the 2. 1 2 4 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 3i 32 within.instrument on bevel €'.6f the corporation the'ralA nameds and acknowledged to me that such corporation executed the within instrument pursuant to its by -latm or a resolution of its board of directors. WITNESS my hand and official seal. °rM m OFFICIAL SFAL.,, z ic:�. •-L�_. .:� i' /A.7Y�.�.a. r��>.✓ F`. CAROLS J ZIMERMAN € o ary ubile Or said �91 PRINCIPAL OFFICE ANIA - County and State I A. NOTAA� IPAL OFFICE LIFO J N ../ oaANCe COUNTY CrAROLE J. ZIMERMAN My Commission Expires April 4, 1970 3. a A3 MSC R + T w N /047 S$� �C.. p Qom'. �ar� =3i'�• , 0•Q v B 0! L V D 266 'a N g6'3f, 0 0 ` A < ' Z T C ul .... 0 rti 0 Z -0 in i4 m 3 r A o 7/0 A W O A z w° w N/A ca W a y ° Z6 0 ,A 0 TUl (A 0) goo _Lo N D0 0 w tn -n rn N_r- LN p <p z Z -1 Tn I N Nm a N fi N m• - Cr- 0 r Wm 00 Z; T M x I `s r 9.86 N 0 g-, 1 4 I 1u' 0 p 0 J �I � I -A I I /C y C m A ! � 40' 0 A 0Z 0 CY 0 I I p I ioam0D �C mcDar- 0 2 rn < p �T r n rTI F LE N pr�mZ �I vrrmzm Z�z w vDvp-4 in zZ-4(P 0 -1 -1 0 o i1 Im mM0) -0 mNmm0 �I N CIQ T � I u <0 10 IZrN< ,I m _ Zpm v I I / I Ai/ / I y/ 0/ D � 4 0 0,)% I / 0 C N �+ O / 0 w o' OFD .xo , N 0p m0 P a � � Y tU z o ° ro.i / / w 40' 4 th A 0p () -.0 �pZ� mU1 g.p0m z o pmo Z —�{ N v ➢ -+ = m 0 Lo Z0m uA o1< N< F S42_08' 36" W (R) _ F D N r o N� �A r \' Z flu n o m r r Q \ P e 0= 36" 0 �� 01 IP 0 - `" rn m v D )> ?rma . 4) miR- mum 4-4ZF m0-40 'D prnm i�rn 3 • • CA 29 Str Impry SUBJECT* R -6532 S R -6533 acceotinz Grant of Easement for ingress and egress to Big Canyn Reservoir Site. from The Irvine Company. Ouitclaim Deed of a portion of Pacific View Drive to be abandoned. Execution authorized. DATE.- March 13, 1967 RE; SEE SUBJECT- CA 134 (Big Canyon Reservoir Site) Material filed under. .t 1� 2�3 6%67 (7) • i 4. FOR A VALE CONSIDDATION, receipt of which is hereby 4 acknowledged, THE rkVIZ CWPANY, a West Virginia corporation, 5 kereby GRANTS to the CITY of NBfiMT 3=11, a municipal car ppEation 6 organiiped under the laws of the State of California, a nonexclusive 7 easement for ingress and egress over the following described real 8I1property in the City of NeWrt Beach, County of Orange, State of 9 California: to PARCEL 11 A strip of land, 60.00 feet in width, in Block 93 of Irvine's.Subdivision " per map recorded in i2 Book 1 Page 88 of Miscellaneous Record Maps In the ofhav of the County laeorder of said County, 13 the Northerly line of said strip being described as follows: 14 Beginning at the intersection of the Northerly 15 right of way line of Pacific View Drive, a private road 60.00 fast wide, with the North - 16 westerly line of that certain Metropolitan Water District easement, 20.00 feet wide, described in 17 Book 2402 Poe 469 of Official Records,as said intersection To shown on a map filed in Book 63, 18 Pa a 45 of Record of Surveys the bearing of said Northerly right of,way line is shoes on 19 said asap as South 71° 04' 01" East; thenos forth 71' 03' 24" nest 415.34 feat along said right of way line 20 to the beginning of a curve concave Northeasterly havint a radius of 470.00 feet; theme Northwesterly 21 ' 190.31 feet along said curve be slag said right J of way line through an angle of 12 00" to the 22 Northwesterly line of that certain 13.020 acre parcel of land shown on said map filed in Book 63, 23 Page 45 of Record of Surveys. 24 The Southerly line of said strip of land to be shortened so as to terminate Easterly on said 25 Northwesterly line of said Metropolitan Water District casement. 26 27 11 PARCEL 2 28 A strip of land, 40.00 feet in width, in Block 93 of Irvine's Subdivision as per map recorded in 29 Hook l Page 88 of Miscellaneous Record Maps in the office of the County Recorder of said County, 30 the center line of said strip being described as follows: 31 32 II 1133.0 0 aaccretparceloof land shown on a that in .',, � - 11 2 II 3 4: 51 6 7 8 9 10 11 12' 13 14 15I 16 17 16 19 20 21 22 23 24 25 26 27 28 29 30 31 32 book 63, Page 45 1tj' Rs,sord of Suaroeye; the"*15 at a!3 Ut alas to ti`t. o #thwrstsrly lien of said passel North 47 51' 24°'04t 190.53 feet to the beginning of a curve concave Southerly having a radius of 75.00.feet; thence Westerly ,994.16 feet along said curve through an angle _of 60" 06 37" to the beginning of a reverse curve concave. Northerly having a radius of 10CW 00 fat, a ra4ia1-1I6 said point of reverse curvature bears South 25' 58' 01" last; thence Westerly 111.24 feet along said curve through an angle of 6° 22' 26 "; thence South 70' 24' 25" West 260.00 feet. BODJCt TO easements, right of way and other matters of record. RESERVM 00't'0 GRANTOR. its successors and assigns: (1) The right to construct, install. replace, main- tain, operate and use. over, ender. across and along said road easement streets and roads; polelines pipelines and other facilities for the transmission of :oil, water, sewage, electricity and telephone; and for other purposes not inconsistent witb the use of said easement by grantee; (2) the right to the joint use of said road easement, or any part thereof, for road purposes. Said.property over which the eases►ant is hereby granted is shown on The Urvine Company drawing dated June S. 1966, designated Drawing No. 74P -12•L, entitled "Realignment of Pacific view Drive ", a copy of which is for the sake of convenient identification marked Exhibit "A" and attached hereto and made a part hereof by this reference. DATID: FEB 2 1967 , 1%7. THE IavlNl COI ANY By R. L. Watson /s/ Vice President (CORPORATE SEAL) Sy R. S. Hetzel /s/ Assistant ecretary $TATE OF CALIYMNIA ) ss COUNTY OF ORANGS ) On FEB 2 1967 , before me, the undersigned, a Notary Pubic in and for said te, parsonally appeared R L ATSON ..known to me to be the Vice Pr eat, R H T —0 known to me f U the Assistant Secretary or e corporation that executed -Tae: within s rumen , known, to as to be the persons who executed the 2. 1 within Mastrument on behalf of tbjol. corporation therein arced, and acknowledged to as that such corporation executed the within 2 instrument puesumt to its bar -laws or a resolution of its board of directors. 3 WITNESS my hand and official seal. 4 5 (NOTARYAL SEAL) Carole J. Zimerman /s/ --Notary PublIc in and for said 6 county and State 7 CAROLE J. ZIMERMAN 8 My Commission Expires April 4, 1970 9 10 11 12 13 i 14 I 15 16 17 18 I j 19 20 21 22 23 24 25 26 27 28 29 30 31 32 3. r.- AIM +tea wi 1 A u M,gC�R?'H W 47 V R N m 8 v a 56638E '` W O 0 9.96' m o < l "� ' 4 N c.. I N� t i z /n9. �• I i c ro m OD �r A 3 oC, 0 I� p aoamoy �0 m(Dpr 0 W-- p N Or�mz A r I- rr I a I m4)ZAz �_ A -i A I Z Z -I IP 0 N T a 0 m i mmm�v mU) m� [v 0 I I m A .o — I C ju T A%0 <-'I�n p m Z r N < PAP m rTl m 3 � ?pm 2 ,w y , r � 3 >� °�4, . �q �/ r 0 OW 0� x /I 0 2 u s 0 0 /y' Z 10 4 40' goo 1p N\D0 WN \0 rn rn <� z m= m q �m r N to m # c� <z f, m 0`0 z Oy0� X p Z . In m � m -o 70 A0 m n Am-�r N rI T n m PmAo 0 D -1 (Az� = m oW� Zug 0l< S42 °08' 36O W (R)- �� r N D — - - v 0 N� � L \ tj �m IL \ 0 m f �o s i o6w � O F p \ N SO° A 6'.36NE % p 1 \ :o W 10 O m A _ T v N�mm A4 D (p �mmo .. mama AJz s - Q t 'aA N m 0. v F m :o W 10 O u WILLIAM JOHN' KENNETH I. MULLEN R. DEWEY DICKSON A. GENE RHEAULT WILLIAM D. MATH15 GEORGE W. KAY WILLIAM H. BLACKMER ALAN U. PALO F. A. ROEHRIG RICHARD S. HOLMGREN,JR. EDWARD A. LA BAHN WALTER S. BELLOWS PAUL V. HENNESSY JAMES M. MONTGOMERY CONSULTING ENGINEERS INCORPORATED INVESTIGATIONS AND REPORTS 535. EAST WALNUT STREET PLANS AND SPECIFICATIONS PASADENA• CALIFORNIA SUPERVISION OF CONSTRUCTION SUPERVISION OF OPERATION MURRAY I -56S- SYCAMORE 3'7128 MANAGEMENT VALUATIONS Mr. Donald C. Simpson Public Works Director City of Newport Beach 3300 Newport Boulevard Newport Beach, California January 16, 1961 Subject: Big Canyon Reservoir Dear Mr. Simpson: ,l, l 1 r e1 R (( l On Wednesday January 11, 1961, Mr. Rheaul.t and I inspected Big Canyon Reservoir with you, Mr. Webb, and other members of your staff. The next day, Mr. Rheault, Mr. J. R. Davis from Converse Foundation Engineering Company, and Mr. Carl Lind from the Asphalt Institute made a further inspection of the reservoir. At the time of our inspection, the cleaning operations, were nearly complete. Mr. John McMillan, Water Superintendent, reported that he had found considerable fine silt at the toe of the slope which gener- ally was 6 to 8 inches deep but that along the toe of the south slope the silt was as much as 14 inches deep. He reported finding very little silt on the bottom out some distance from the toe of the slope. Since the reservoir has been in operation only two years, the large amount of silt found was rather unexpected. It is believed that it may be due to the large number of santanas (easterly winds) which have been experienced during the past two years and also to the large amount of construction work, including grading operations, in the general vicinity of the reservoir. With minor exceptions, the condition of the lining in the bottom of the reservoir appeared to be in excellent condition. In the northwest corner there was a soft spot in the subgrade about three feet wide by six feet long where the lining had broken up. Upon digging the soft pocket out, it was found that for a depth of two feet the subgrade was of uncompacted material but at the two -foot depth the compacted fill 1 n 'tI ` 1, �1 JAMES M. MONTGOMERY • COMLTING ENGINEERS, INC. • E35 . EAST WALNU*EET • PASADENA, CALIFORNIA Mr, Donald C. Simpson Public Works Director City of Newport Beach Page 2 January 16, 1961 was extremely hard and dense and could not be removed with a shovel. Mr. McMillan replaced the soft material with clay placed in layers and tamped and then repaved the surface.. It is believed that during con- struction, a survey stake may have been left at the point where the soft spot was found and that the sheepsfoot rollers worked around it leaving this small isolated pocket uncompacte.d. In any case, it has been of no serious consequence, since the compacted fill which makes the structure watertight: was placed to a minimum depth of five feet. Since only the upper two feet were soft and uncompacted, at least three feet of com- pacted fill was available to insure watertightness. Only 18 inches of compacted fill would have prevented any appreciable leakage. At the toe of the east slope, about midway between the north and south ends of the embankment, a vertical displacement of the lining has occurred. A similar displacement has occurred along a line parallel with the toe and about 25 feet to the west of the toe of the east slope for a distance of about 50 feet. This displacement is believed to have been caused by hydrostatic uplift from water which was partially trapped beneath the lining. Although the surface is somewhat rough in these areas, the lining still serves the purpose for which it was designed. When the reservoir was completed, the floor was graded so that there were few if any areas that did not drain completely, After two years of service, however, there appears to have been some unevenness in the swelling of the compacted fill. This has resulted in the formation of numerous shallow pools 1 /211 to 1" deep which do not drain. This sort of thing was to be expected and is much less pronounced than in many other reservoirs of this type. There are several factors which cause non - uniform swelling of compacted fills when saturated, namely: ( 1) The material .itself does not have uniform characteristics. (2) It is impossible to moisten the fills prior to rolling so as to insure absolutely uniform moisture. content. (3) It is impossible to compact the earth fills with construction equipment to absolutely uniform density. (4) Unless the material, the moisture content and the mechanical compaction of the fill materials are all. absolutely uniform, then the compacted .fill will not swell uniformly when saturated with water. JAMES M. MONTGOMERY • COVILTING ENGINEERS. INC. • 333 EAST WALNU*EET • PASADENA, CALIFORNIA Mr. Donald C. Simpson Public Works Director City of Newport Beach Page 3 January 16, 1961 The asphaltic concrete lining for the reservoir was designed to be as porous as possible in order to permit any water trapped back of the lining to flow out through the lining when the water level in the reser- voir is drawn down. Although great care was used in making sure that the material was porous, it appears that there has been partial clogging of the interstices of the lining. When the cement slurry was sprayed on the surfaces of the slope, the tendency of the workmen was to apply too heavy a coat with the result that it partially sealed the surfaces. Slurry accumulations occurred at the toe of the slope, in most cases, forming an effective seal. In such areas the hydrostatic pressure back of the lining has caused general spalling of the surface of the lining at the toe of the slope. In addition to the partial sealing with the cement slurry, there appears to have been some migration of fines from dust falling into the reservoir and possibly from fine material moving from the surface of the subgrade into the lining. In any case, horizontal cracks have appeared in all four slopes. On the west slope, there are four horizontal cracks which are fairly uniformly spaced. On the other three slopes there is generally one horizontal crack about half way down the slope. The "crack" generally consists of a 1/2 -inch thick layer of the lining about six inches wide which has been pushed off due to the hydrostatic pressure. The remaining 2 -1/2 -inch thickness of asphaltic concrete does not appear to be cracked or otherwise damaged. Therefore, it is believed that the so- called "cracks" in the lining are superficial and that the lining will continue to serve the purpose for which it was designed, namely: prevent erosion of the reservoir slopes. In conclusion, it is pointed out that after two years of service, Big Canyon Reservoir shows no evidence of sloughing slopes or leakage and that although some minor defects have appeared, they are of a superficial nature. It can be stated that the reservoir, generally, is in excellent condition. RCK:ls Very truly yours, JAMES M. MONTGOMERY Consulting Engineers, Inc. Russell C. Kenmir cc: James B. Stoddard, Mayor '_� Robert Shelton, City Manager J. B. Webb, City Engineer J. R. Davis, Converse Foundation Engineering Co. Carl Lind, Asphalt Institute James st . Montgomery 535 East ,,iOlrwt Street asadeno, California Gcntlemza� 0 0, June 9, 1 >:;i �slr &�A QTY iY 2,-: Big Ccnyo,-n `4ewpae. Pursuant to Soolon 8-27, general conditions incla>ded +n the "Specificutions for 'instruction Reservoir", encl,:zeA plaosse. rind t-, at-ement of Claim of Big Canyon for sums due as so Forth In the enclosed statement. The undersigned Is somewhat in doubt as to tFe correct phroseolou and pror:r ini?fhr3v' of presenting this ciejIm under Section B-27, as what is Intended by ;Iv wrimen stc&--, -4on, of n'41 clah-m which he intends to preservin, Is nowhere defined. I., trust 14.* the enclosu.t. iwwever, Is sufficient. TiW_ Items claimed ere for work and labor perf<armied under your direction, Lontrol and uipary!"n, by J. E. Riley & Son and represent claims of sold subcantractor as well ass others. They are being presented by the undersigned as f6a- contractor, 1--wvever, In accord with Section B-27. Mx. Riley and I would be pleated to meet with you ai any time to discuss thtt together with the q*w-jprk*e city officials, -,md hope that this matter can �,- -,miccbly settled, CC>�Mayor, City of Newport Beach City Attorney City Engineer City Xxinager Director of Finance Kindel & Andisr.on J. E. Riley Very truly yours, ', - .1- �.<�N'TGON1RY FISHFZ, INC. By i 6 0_ ATEMENT OF CLAIMS FOR ADDITIONAL COMPENSATION BIG CANYON RESERVOIR PROJECT TO: JAMES M. MONTGOMERY 535 East Walnut Street Pasadena, California Gentlemen: Hereinafter set forth is a Statement of Claims for additional costs incurred and compensation due to the claimant from June 26, 1958 to completion of the Reservoir, May 12, 1959. Said claims are for additional: 1. Excavation costs 2. Compaction costs 3. Labor costs 4. Supervisory costs The claims are in the total sum of $191,792.30 based upon a radical, unanticipated change in method and mode of operation in the construction of certain portions of the Reservoir. Said change was occasioned pursuant to your order and direction requiring the construction of an impervious shale liner upon and along the inside of the Reservoir embankment and floor. As you will recall, said embankment was ordered constructed to a thickness of 5 feet, or as described by your Field Engineer, "two scraper widths wide ", and was constructed upon a horizontal plan on a 3 to 1 slope. This shale liner was not included in the plans and specifications and was not considered in bids submitted. Included in the aforementioned claim of $191,792.30 specifically, 1s an amount for the additional excavation of 39,000 cubic yards, This excavation figure is in excess of your final quantities of March 31, 1959. The extra cost is in the amount of $18,661.83. Said figure is based upon contract price and is for both excavation and compaction, using your shrinkage figure factor of 2.441. Also included In the total figure is a claim for revamping and reconstructing the outer edge of the roadway at the top of the exterior slopes, together with the additional cost for the construction of a 45 degree slope. None of the aforementioned were in the original plans. The work was pursuant to your order and direction. The amount of this claim is $822.25. As you will recall, benched material was removed under your direction, said removal having been necessitated by the change in method of operation due to the requirement of the shale liner construction. This claim is In the total amount of $34,392.35 and is included in the aforementioned total. f Statement of Claims for Additional Corpensation -2- All the costs mentioned In the preceding paragraphs represent the amounts sue, utteJ by our subcontractor, J E. Riley & Son, plus a fee of fifteen percent for Gen-ral Contractors overhead. In addition to the items previously mentioned, we wish to r €quest co 1 Sensation for the following additional unsettled claims; a. Added cost of paying roadway due to design change of cure. The amount of this claim is $124.39, b, Added cost due to placement of concrete on inert of Inlet - Outlet tunnel, The amount of this claim is $845.25. c, Added cost for installing headers as directed on the Inlet- Outiot Shaft Support. The amount of this claim is $449.78. AnOI,sTG(.-) nERY ROSS FISHER, INC. •EiI I. z IT � 0 % = z f% $ � \Wƒ iP 41 p 71 11 �T E, S3 , ) \/\ . . . . ^� } \ \£�< \/ CITY OF NEWPCRT BEACH C May 20, 1959 To: The Honorable Mayor and City Council From: City Attorney Subject: 48" Butterfly Valve, Big Canyon Reservoir A part of Montgomery Ross Fisher0s contract under Schedule I called for the installation of a-48" butterfly valve in Big Canyon Reservoir: This valve was put in by'Bovee & Grail Construction Company, a subcontractor, and was furnished by W. S. Rockwell Company. When the valve was tested, it was found that it had a slow leak. Upon investigation, it was determined that the valve did not seat properly but that the leak was slow and would not interfere with the operation of the reservoir. In order that the reservoir could be filled without a delay which would be required to replace the valve, the Director of Public Worka, James M. Montgomery and representatives from Montgomery Ross Fisher, Bovee & Crail and the Rockwell Company determined that it would be satisfactory to accept the valve in Its present condition subject to an agreement that within a three-year period from the date of installation Rockwell will repair the valve at a time it may be available. To further this agreement, $1,500 was deposited with the City by W. S. Rockwell CorVany representing a refund on the purchase price of the valve. it was submitted with a letter of transmittal with the understand- ing that if the City requires a repair of the valve within the three -year period the $1,500 will be refunded to the company. If they are not required to repair, the $1,500 will be retained by the City. Their Obligation to repair is limited to the defects noted by the inspection. However, the one -year guarantee on the valve as well as other equipment is not affected by the agreement. Under date of May 110 1959, Montgomery Ross Fisher wrote a letter to Mr. Webb indicating that they agree with the terms outlined in the Rockwell letter and that they directed Bovee & Crail to for - ward the document to the City for approval. . if this arrangement meets with the approval of the City Council, It io suggested that the City Manager be authorized by motion to si t! and return to Montgomery Ross P14her, Inc., a copy of the letter from W. S. Rockwell Company dated April 9, 1959. 'dWG; ec whar amz cc - City Manager City Attorney Director of Public Works 0 0 Law Offices Stephen Monteleone MONTELEONE & MCCRORY Darrell P. McCrory 6505 Wilshire Boulevard Iver E. Skjele Los Angeles 48 James E. Aaret May 16, 1959 Mr. Walter W. Charamza City Attorney City of Newport Beach City Hall Newport Beach, California Re: Aaaeptance of Work on Schedule II in the Specifications for the Big Canyon Reservoir and Transmission Mains - N. P. Van Valkenburgh CoM5any, Contractor. Dear Mr. Charamza: This letter is to inform you that the settlement referred to in your letter of May 14, 1959 is acceptable to our client N. P. Van Valkenburgh Company. You may immediately commence processing of payment of the $2,000.00 as settlement plus the 10% retention which is now held. Very truly yours, MONTELEONE &. MaCRORY By Darrell P. McCrory Is —DARRELL P. McCRORY DPM /gec cc: N. P. Van Valkenburgh Company COPY Tot From: CITY AVTORNrY City Clerk City Attorney May 8, 1959 Subject: Proposed resolutions for the acceptance of the work under Schedule I and Schedule II in the specifications for the construction of Big Canyon Reservoir and transmission mains Forwarded are resolutions which, if adopted by the Council, will find that the work in Schedule I and Schedule II in the specifications for the construction of Big Canyon Reservoir and transmission mains has been completed and will accept the same by the City of Newport Beach, The resolutions also require a notice of completion to be filed in each case, WWC :me4 Fncs. cc - City Manager Director of Public Works Walter W. Charamaa City Attorney 6 VUXRZASO on 'December 16, t" city COMO11 , 7'i{ t Fxo blo. VAII girded s eontrLct tQ Mr ntgamer 1 ws ]� shex�, ino. i . . i 8 AW tW Onvowagum of SU Oww na xeservoir rteMnaes 9 4, as .ale Y In the ilk" si.fieatioas for the aMstau*tl. to a teservoir. snd transmission ntai=;, and 11I Emma Jame W 'Ichtsomry a the City 8 ettglte�¢', kiss 12 (IIl advised, t City that Bag; fet . RreSVfl#1" sW'tY t.Eays 13I{ bmw completed sA. my be socepted bW. the Cityf 1 4 1 Now* TRMW=p BE IT :IESMM that the City Council 151 gam, ttFU3e tfi t the work has been c OMIeetied aaoordiM to the 16 contrspts WW that the same is aeeepted by the City at Newport 17 1` &sue. I1 1811 A IV YMMM R.E.30WED that tbo engineer° .shall to 1911 be filed on bd*U -of the City s netiae of eompletiert of the work 20 � sSis"t" a1 - edule 1. 21IIII. This resolutlen was adopted by the City - Gouneli of the f 22 CUY Of Ate&rert 8084A At ft reV.iar^ =04ft On tine 11th dray Of MWj, . 23II JMS by VW tol]U rif vote* to wits 241 AXES, GC ILt M 25 {I 27 ' AiNt�'1' Ct+I7,ft 28 i AITEST. 29 30 31 `� 3 W#W'T ur now rwmlvn 4 it a 14 .16 City Q'W VPMOW** aw 16P 195Ts the _4%.oll by "SOm' T lution me 110.' PO =WTI f1w. Able 0=0niguan Of the UWWmtS4lftl MAM' O* Riled ror.* 1*11 1 -wowicatims for um"Vel*trueud" Cc-, IlOdW A.110 fo "Osea t"Wu n't'ba trwWwInglan MAIM a" ��_letvlk. "a 12 be A'OiptvA :,Tmzwmzv BE xT R43OLTO: that i*w vity c 14 1.5 16. 17' :jig v ramm a 'OLVO t"t' at "Orlsior be Med 4"t at %M alisy A moucft.or eavlotum Of tm wom 20i' rOwluuQR* was ..adapted by "S_ City C.*tmeu ar,-ths... 21' I a at city ar on. tiw at ft"awt ftnah rega wmtuw. ,nth day of VO W 22 towltv 23 241 261 -AXOM COUNffUMv, 27' JkTTEBT 28 29 WHO M"W- 30 Mayor 2' 4 '4 0 • may 7, 1959 Mr. J. B. Webb Public Works Director 3300 West Newport Boulevard Newport Beach, California Subject: Construction of Transmission Mains - N.P. Van Valkenburgh Co., Contractor Dear Mr. Hebb: All mark under the subject contract has been completed, and it is recommended that the wark be formally accepted. Very truly yours, JANES M. MONTGOMERY Consulting Engineer R. C. Kenmir clk cc: Mr. Robert Shelton, City Manager Mr. Walter Charamza, City Attorney 0 May T, 1959 Air. J. B. Webb Public Works Director 3300 West Newport Boulevard Newport Beach, California Subject: Construction of Big Canyon Reservoir - Montgomery Ross Fisher, Contractor Dear Mr. Webb: All work under the subject contract has been completed, and it is recommended that the work be formally accepted. Very truly yours, JAMES M. MONTGOMERY Consulting Engineer R. C. Kenmir clk cc: Mr. Robert Shelton, City Manager Mr. Walter Cbaramza, City Attorney „ CITY ATTORNEY r' April 27, 1959 To: City Clerk From: City Attorney Subject: Resolution awarding contract for construction of Pacific View Drive Forwarded is a proposed resolution which, if adopted by the City Council, will award the contract,for the construction of an access road to Big Canyon Reservoir to be known as Pacific View Drive between MacArthur Boulevard and Big Canyon Reservoir to Sully - Miller Contracting Co. as the low bidder. WWC:mec Enos. cc - City Manager Public Works Director Walter W. Charamza City Attorney jr A KV301VOTTIM cm. COMM or "it Cift CMMZTIM OF PAC371e VM ;'tom WMM 3Ir SMYM s AND WO CAMW MUVO= 4l 5 ii h!F to the mottat D"Itifg no far wwk .61 a istinve -,f tt a cormtMotion of "5-n asatels,4 r(md to thA Big canyon 7 Reaswvzir to �e kpown,so. fteifte view rvirre between maoArther i 8' ouleaar& =d4vu 'Reaerwir fW the City of Newport Beach, 9 CalforA_ta, In Ac4WdarM with the plaM MW apft1.f14at1 W*t* 1011 f WI bids " rene v0d on the 9314 daY Of AV11 j 1953* 11 assd publioU Apented and dool 3; sad 1211 VMM03# it appears that the lowest responsible Udder 13 1 for *"S eon.gbvcupn. + " is Sully- mllor. Centmoti Co. j 14 "r . = a' , 3S IT RX3(X that the tid of su113+- 15! mulwr t =tMet37ag 4_se in the- aunt of $414, 1.9! ba 800"ted 161 'met the t far the . construction work be rdetI to said 17 $tP1174U114r 000trt'OUM CO. 181 Er IT 0nWT: 'Ar_130rVv0 that the ~ w2d tity Clark s3" 19 hex' ti autheiri AW direete4 to O;Mmts a aant :at in a4eor zlas 20 With tb* Md asesd this "8At84rd On elf Of the MY 211 or mewvr art Pjach, that the Cttg n1erl? be directed to fernier as 221+ executed tho, susae+es.ful btrler. 23 IIIIIII tIMI i tuts: *tio i .ass meted 1W the City Couodtl at the 24I City of WMart )i0ch at ae reppasr meting an the nth day or 25ii AM11, 19",0 * by. the PallmdrW veto, tlo sit• 2611 CITY OF NEWPORT BEACH OFFICE M THE CITY MANAGER Date AM41 Ian 1232 TO: CM 22TOMM FROM: Ibbgrt Ma4toas City NWMW SUBJECT: A2TAUM TW CAM OF CCOMWATIM y= V. S. MDC=t CWAM !ha ft*L&4 Wag" viroatog recamman" City approval of tba attached letter*4gramm. VbM UM aback has been d"atted with the flamme Department, ►Le"m "Wuw Iftst tom of City approval is req"xod and p"Pus &M dMUMOUtS SM COMMOLL GgttM. Qd&t the City Owmail mealy alltbftiao the City dmm*w to @W?) CC: City Clsrk� ftblig Works Visintm Balm WZLT= City mu"ar 6 CITY of leWPORT BEACH 0 OFFICE OF THE CITY MANAGER Febraa__, ?o„ 395' NO: 58 -59 -18 TO: CITY COUNCIL FROM- Robert Shelton, City Manager SUBJRC?': STATUS OF BIG CANYON RESERVOIR COMPLETION Latest word from contractor Fisher is that chlorination of the lines and reservoir surface will be completed on Thursday, March 5t,a, emd the reservoir will be ready to receive water on Friday, March 6th. ,he contract requires that the reservoir must be filled for a period of two weeks before acceptance by the City. This cannot poss:Ibly occur before the contract completion date, March 15, Time requires to fill the reservo "r may be from 20 to 30 days. James Montgomery's representatives state that Fisher will ask for a time extension due to "inclement weather ", They also state that .t;x% on final steps of the job apparently has not been pursued with diligeace, �e We have made it very clear to Montgomery's staff than» unless justifications not yet known are revealed, the City Council will look crit- ically at any request for time extension and will probably not taive ls. u- dLiteu damages provided for in the contract. We will let you know as far ahead as possible of the enact time when the valve is first opened for filling the reservoir so that you may be present if you wish, ROBERT SHELTON City Manager 10835 St. M i. 6U .& -Art, 25, ///onf$oppmary K...tl L� Gnyin.o ny &&-ILP Contactor December 17, 1958 City of Newport Beach, California 3300 W. Newport Blvd. Newport Beach, California Attention: City Clerk Dear Sir: We are enclosing herewith our Insurance Policy No. 39928 with the Fidelity and Casualty Company of New York, as requested in your letter dated December 15, 1958. This policy will be kept in force until further notice from this office. Very truly yours, MONTGOMERY R. FISHER, INC. erbert A. Lewis HAL/bj cc: Jack Milligan [,ad . 2.0411 gmat. 9 -3793 sV OFc� 1 y 68 R� pecember U. 1958 Montgomery Rosa Fisher 10835 Santa Monica Bouievard Los Angelesl, California Centlemeat to connection with the construction of the Big Canyon laservair for the City of Newport Beach, it is noted that your insurance with the Fidelity and Casualty► Campany. of New York expires Decor: 23. 1938. i�lease sake arrangements for the removal of �=Covers ISO sending the ,,ppoolicies to tics Cittyy of t Be 6 Floase confbm the fact that the insurance wUl be continued) upon the receipt of this letter. Yours very truly. HargeClsrkh�er City of Newport Beach HS: net Copy Mr. Jack D. Milligan Milligan Insurance Agency 7877 South Western Avenue Los Angeles 47, California JA# PURDUM PACIFIC AUTOMOBILE INSURANCE COMPANY ------ -- --------- s.�s�►s,- cALx�n�xzA - -- Mailed From --- ----- -------- - ---=0BKA - -- — —• 19 - --5L Date TO ------- CITY _9 --- NEW Off-- DZACHa---- - - -- -- -- - ---- - - - - -- RIORT --- NEACE, - -- Q�LIF4BN7A - -- NOTICE OF CANCELLATION YOU ARE HEREBY NOTIFIED, in accordance with the policy conditions, of the cancellation of --- ------- -- ----- ------ --- ---- -[4Q EN SOXIMMA K-- ------ - - - --- -Policy No....... -N -0 - -- -77-54 ----- - ----- — - — (Type of policy) issued 1O N• -� FAN VAI'gE NBHQ' -- —ET —AL— — -------- -- -------- — ---- ---------------------- — By virtue of this notice, as issued to you, the policy will be cancelled and all insurance thereunder shalt cease and terminate at and from 12:01 A.M. standard time -------- OCTOBER- 14th ---- -- ------- _- _- _- , - - - -__ 19-50---, without further notice. If premium has been paid, unearned premium, if not returned herewith, shall be returned as soon as practicable after cancellation becomes effective. If premium has'not been paid, a bill for the premium earned to the time cancellation becomes effective, will be forwarded in due course. ByACIF - - -�— l` OMOB' - INSU CE COMPANY aneo Form 1 L_. w7ut • GkYNE PURDUM CERTIFICATE OF INSURANCE Dated.... ........ OCTOBER 6, COMPANY - ...... 19----8 THIS 1S TO CERTIFY that the Insured named in the following schedule is at this date insured with PACIFIC AUTOMOBILE INSURANCE COMPANY, under policy described in the following schedule covering the liability as imposed by law upon the Insured for damages, as the policy defined, and subject to the terms and conditions of said policy. .. DESCRIPTIVE SCHEDULE Insured _---- VANSON.,-._ -INC. and__N. P. VAN VALHENBURGH CO. - -- -- --- - - - - -- ---- - - - - -- - --- - - - --- -- ---- -- - Address of Insured ------------ 162_ %_.AL.CHICO_,._ EL MONTE r CALIFORNIA Name of holder of this Certificate - - - -.- -.CITY OF NEW----------------------------- ORT BHa ,_CaLF_8l� __ I _ .. ........ . .... ... (AT WHOSE REQUEST THIS CERTIFICATE 1. I.SUKV) Address of holder of this Certificate ......--- NEWPORT ... BEACli, --- CALIFORNIA-- . ---- --- ------ . - -- ..___....------ _----------- FORM OF INSURANCE POLICY NO. POLICY BEGINS POLICY EXPIRES LIMIT. OF LIAEILITY ,100,000.00* 300,000.0 ;ABILITY LAC 1905 1011158 1011159 E.ACN OACR AND PEREON Ace"", PROPERTY DAMAGE 25,000.00 IERTY DAMAGE AGGREGATE 25,000.00 LOCATION OF PREMISES OR OPERATIONS AUTO. P.D. 450,000.00 CALIFORNIA DESCRIPTION OF PREMISES OR OPERATIONS PIPE LINE CONSTRUCTION CITY OP ,, •,, ,. 1, / /PEACH Should the above mentioned policy be canceled, assigned or changed.during the above named policy period in such manner as to affect this Certificate, the Company will give 10 (ten)days written notice to the above named holder of this Certificate. Countersigned aL.,_LOS__ANBI _ , - - „C Bj,IP ORALIA By........ -- ---- - =`-� ----- Au rind gent. FGRM 1020 e 0 PACIFIC AUTOMOBILE INSURANCE COMPANY 49441 President. I 1 r I K,cv (5-- ojv�� �i GJ�YiG9�2(Z�� %I,�WGCl/YLCQ ��U���'1��1 ' 210 SANSOME STREET 1001 WILSHIRE BOULEVARD SAN FRANCISCO 4 LOS ANGELES 17 Employer . N. P. VAN VALKENBURGH CO. 1627 N. Chico Avenue Certificate:` Monte, California .Issued To' Policy No. 20- 1108520 Period 10 -1 -57 - to -1 -58 City of Newport Beach California ---- CERTIFICATE OF INSURANCE This is to certify that we have issued to the above named employer a valid Workmen's Compensation Insurance Policy in a form approved by the Insurance Commissioner of California. DESCRIPTION OF OPERATIONS COVERED Pipe Line Construction'' This policy shall not be cancelled nor reduced in coverage until after or reduction In coverage shall have been mailed to this certificate holder. Producer Allen Jayne 1833 w. Olympic Blvd. Los Angeles 6, California 104-R2 50M 3 57 (N 10 days' written . notice of such cancellation ARGONAUT INSURANCE EXCHANGE By ARGONAUT UNDERWRITERS, INC. AUarney -in Fact. F I Prope CERTIFICATE OF INSURANCE ; Dated._.-. 122 :.31ow57 ----------------- ------------- , 19 - - -- THIS IS TO CERTIFY that the Insured .named in the following:. schedule is at this date insured with PACIFIC AUTOMOBILE INWRANCE COMPANY, under policy describei -in the following schedule covering the liability as unposed by law the Insured for damages, as the policy. and subject to the terms and conditions of said policy. _ e DESCRIPTIVE SCHEDULE Insured.- .-.- N': -.PG.- Van -_ alko[l'►11rgh- -COs- -------- -- - - - -- Address of Name of holder of this (AT WRO.F RLOUEST TXI8: C8RTIFIGTL I8 IBRV l9) Address of holder of this Certificate ------------ --- WewpO S-t--$ each,--- i.a 11%• -------------- --------- -------- ------------- - -------------- FORM OF INSURANCE POLICY NO. POLICY 'BEGINS POLICY EXPIRES LIMITS OF LIABILITY liability an}d�n�p ♦ �� r�'• AL LAG 174.06 17 10 -1 -5/ rp 1e -1 -58 e 100.000 $ 300,000 EACH EACH ' PERSON ACCIDENT PROPERTY DATE ':GE rty Damage AGGREGATE 50 000 LOCATION OF PREMISES OR OPERATIONS Auto P.D. 259000 California DESCRIPTION OF PREMISES OR OPERATIONS Pipe Line Construction Should the above mentioned policy be canceled, assigned or changed during the above named policy period in such manner as to affect this Certificate, the Company will give 10 days written notice to the above named holder of this Certificate. Countersigned fiat- ._JjQS_Qngele8a ... California BY-- A -- -" -- -- ------- - - - - -- - Allen Ja Authorized Agent. FORM. 1026 ION 1 -84 ._.,. _ ..ter.. s PACIFIC AUTOMOBILE INSURANCE COMPANY President. CERTIFICATION OF WORK'S COMPENSATION INSURANCE. CITY OF NEWPORT BEACH, CALIFORNIA Dated --------- ---------- ........._.Q_IS"I'SIBkB -.� ,- -- - - - - -, ISS$_ NEWPORT BEACH, CALIFORNIA XbifJ ifJ tO Cert tp that the Assured named in the following schedule is at this date insured with PACIFIC AUTOMOBILE INSURANCE COMPANY under policy described in the following schedule covering the Assured's obli- gation for Compensation as imposed upon the said Assured by the provisions of the Compensation Law in effect in the state indicated in the said schedule. DESCRIPTIVE SCHEDULE Assured- --- ------- ----------- --- - -- --'N ...... P, -- VAN- -- VALKM__ tRQH _CQ •-a T-- - - -AL - -- -------------------------------- -- --- - - - --- Address of Assured ----- 1527_NORTH_ CHICO-- M.11UF'- ► ... F&L --- 1101 11010-No :- CALIFORN _1A --------------------------------- Description of work covered: GENERAL CONTRACTOR State where work is being done ------------- -_ -- ---------------------- ----------- Policy No. WC --- 77459 --------------------------- Date of Expiration----- -QCTOBEE---4_1959. ----------------------- ----------------- Should the above mentioned policy be canceled, assigned or chand during the above named policy period in such manner as to affect this Certificate, the Company will giv'TEN (10 ge days written notice to the above named holder of this Certificate. PACIFIC AUTOMOBILE INSURANCE COMPANY Countersigned by`�� Au Wz, d Agent. Form 10020 10M President. zz ' �. Secretary. CERTIFICATION OF WORKMORS COMPENSATION INSURANCE. • CITY OF N$MPORT MACH, CALIFORNIA Dated ------ — ----------------- NMWORT BEACR, CALIFORNIA 9biO lA tO Ctrtifp that the Assured named in the following schedule is at this date insured with PACIFIC AUTOMOBILE INSURANCE COMPANY under policy described in the following schedule covering the Assured's obli- gation for Compensation as imposed upon the said Assured by the provisions of the Compensation Law in effect in the state indicated in the said schedule. - DESCRIPTIVE SCHEDULE Assured------------------------- ------- --- -N.�-- � —� --- --- +-i--- -- ------------ ----------------- ------- ------------------ Address of Assured ------ ----- IIGO- -Ai ffia.-J{Di�3'$r - L'IILIF€ NIA ----- ------ ------ -- ----- - --- -_- Description of work, covered; OENM" OMRACTOR State where work is being done_ ------------ - ---- - -- --- ------ ------- CA LIFORNIA-- ---------- ----- ---- -- ------ ------- ------- ------ ------------- __ Policy No. WC --- !7.70_,59 ---- --- - ---- ------- __ Date of Expjration ------- OM01M --- 1 1.9-59 - Should the above mentioned policy be canceled, assigned or changed during the above named policy period in such manner as to affect this Certificate, the Company will giveTEN (10) days written notice to the above named holder of this Certificate. PACIFIC AUTOMOBILE INSURANCE COMPANY Countersigned by ------------------- - �k_2_..------- d Agent. --- A rize Form 10020 IOM ng VA President, Z Z . �i i °`i �QGlXnau� �n�ccxance Zoaa�z� 210 SANSOME EET 1001 WILSHIRE BOULEVARD SAN FRANCISCO 4 LOS ANGELES 17 Employer Policy No. N. P. VAN VALKENBU4GH CO. v 19782 1627 No. Chico Avenue ir1.Mo_nte, Calif. Certificate Issued To Period 10_1_58/59 CITY OF NEWPORT BEACH City Ha 11 —] NewPO t Beach, California CERTIFICATE OF INSURANCE This is to certify that we have issued to the above named employer a valid Workmen's Compensation Insurance Policy in a form approved by the Insurance Commissioner of California. DESCRIPTION OF OPERATIONS COVERED ALL OPERATIONS OF THE ASSURED. This policy shall not be cancelled nor reduced in coverage until after TEN ( 10) days' written notice of such cancellation . or reduction in coverage shall have been mailed to this certificate holder. Producer JAYNE PURDUM 8 CC7?,(' iY 1833 W- Olympic Blvd, Los Angeles, California Jw�onn L.Jerlr4ra,cec�n�sefutoa� A. A. Jai e,.dr, ' UND-104- R3 100M 11/57 0 c rry cL*-r, •., tGuot 280 1938 rubll.c ,;Wkg PiroeW J- B. 1,:Cbh rm aD**r&mt* vith do requei-t of Jame )bntaomwy Cou"Lting t, itt o the COumcil, mt lit 1934, jt M" t� Mltwst Of No vai VaLhoubwo co', Lm go an-wwioa of t'" for J;VA Iswrtall At 100 Of & W"*, UAG in laaborse toad fray July 150 1339* to *Au&ust 15 1958* TOO o"ies of earns nom"SA&M Awe ;At;tLwj if 7" wish to ftcwwA tWo to:&• AS GMO Mw-=Lt the 1. P. V Valhadmio Co, No .*40 Att. = cfty Mwaftw Robwt lbdton ii JAMES M. MONTGOMERY JAMES M. MONTGOMERY WULL:A L .AU L7MIR RUSSELL W. qU LTMAN CONSULTING ENGINEER Wi L LI AM J. CARROLL.JR. 535 EAST WALNUT STREET JOHN R. FEE EARL B. WAGNER PA5AD.ENA • CALIFORNIA INVESTIGATIONS AND REPORTS PHILIP PLANS gNO.9 PECI FI RATIONS KENNETH L H I MU RYAN 1.5619 • SYCAMORE 3 712B SUPERVISION OF CONSTRUCTION C R. DEWEV CHSON DICKSON SUPE.RVIS ION OF OPERATION WILLIAM 0. MATHIS MANAGEMENT VALUATIONS FRANK O. MYERS A. GENE RHERULT ROE GEORGE .. G W. KAY p August 1U, 1958 V \L• ZS1 «0 Mr. J. B. Webb p�SPO Public Works Director City of Newport Beach 3300 South Newport Boulevard 4�LE•. Newport Beach, California Reference: Schedule II - Transmission Mains Subject. Extension of Contract Time Dear Mr. Webb: The N. P. Van Valkenburgh Company has satisfactorily pressure tested and sterilized the 30 -inch transmission main from Sta. 57 + 65 to Sta. 88 + 00, therefore we are recommending that their request for a thirty day extension of contract time from July 15, 1958 to August 15, 1958 be granted. The work on the 30 -inch transmission main, in Jamboree Road from Coast Highway to Sta. 57 + 65, has not been formally accepted as complete, but the line is now available to deliver water to the Aeroneutronics plant. Very truly yours, JAMES M. MONTGOMERY Consultipfg Engineer,: CC A. )de ne Rheault sj Enclosure cc: Mr. W. D. Mathis JAMES M. MONTGOMERY . COSTING ENGINEER . 595 EAST WALNUT BEET . PASADENA, CALIFORNIA To: N. P. vaa T&USabarsh compa w 1W Worth We* Amewis El Nontay Calitornta Attention: ire C. J. EMahard"a Gentlemen: - ( X ) herewith ( ) under separate cover via The, following items are transmitted Date: AgWt LD, 195 Subject: XewDoft Des" . Babodule n amp @rdsr Do. 4 1lxtsnsion of Raatx�ot Tuns _ , No. of Co ies Descri tion Ordar No.. k. 3ittsa51= of Coatraat Time E The above are submitted: ( ) At your request ( ) For your action (� ) For your approval ( ) For your files ( ) For your review ( ) For your information General remarks: NW10wini Your approval or Mma IOrda' Ia. 4, $to and forward Piro aoptaa to Mr. J. D. Hebb, Fablia Works Dirsator, fir his Koval and dtstributim. Enclosure ( 5 ) Copies 'to: Mr. J. B. Webb ✓ Mr. W. D. matbis Very truly yours, JAMES M. MONTGOMERY Consult y Eng'ne 7 By: Y f v 0 Te*one Gllbert 4 -0391 N. P. VAN VALKENBURGH CO. Contractors E N.G [ N E E R/ N G 1627 NORTH CHIco AVENUE C O. N T R A C T O R S EL —MO N T E , C A L I F O R N I A July 160 1958 James M. Montgomery S.35 East-Walnut Street fsaadena, California Reference; Subjects Gentlemen: Request for an Extension of Time Schedule 11 - Transmission Mains Newport Beach, Calif. We respectfully request an extension of our contract time of thirty (30) days from July 15, 1958 to August 15, 195$• The reason for this request for an extension of time is that when we received our other extension of time we anticip- ated delivery of the thirty (30 ") inch valves from the East Coast in time to complete the work as of July 15, 1959, However, we are delayed in.our actual completion time on the delivery of these valves for a little over three (3) weeks. The pipe line is all in and backfilled, flooded, etc., from Highway 101 to Station 57 plus 65 so that the County can do anything that they wish to do on this road. They are now working on a culvert.along this line which should be completed in about two (2) weeks, Also I. understand, the Ford Plant is getting water from another source so that the necessity of our giving water to them by July 15th is not necessary. It is with the above mentioned reasons that we ask for the extension in time of thirty (30) days, Yours very truly, N.P. VAN VALSENBUR H CO. N.P. Van Valkenburgh tl C- r :1 Fewdery 6 Isse Mc. Montgomery loss visber Montgomery Ro" Tiabst jac 10835 Santa WAnica BoulvZ4 Lot Angeles IS.-p,.Califomia, Dear Mr. Fisher: Your attention is called to the fact that your certificate of insurance Anchor Casualty Company policy number VC: 115069, expires February 16. 1958. Floase forward to me a certificate showing renewal of this insurance by February 16. 1958. Very truly yours► Margery Schrouder City Clerk - Treasurer . We • // 0 /5-r 0 �V�, 10835 S.ta rr/." IRV.. • �Cro ,. A rl, 25, l.a[i`ornla 0 ///ontyon ry le .- tie�ier ..lnmrt.ta army & &U.9 l.mltracior Mr. Walter Charamza City Attorney City of Newport Beach 3300 New port Beach Boulevard Newport Beach, California Subject: City of Newport Beach Reservoir Newport Beach, California Insurance Certificates for Workmen's Compensation Dear Sir: gm M.. 2 -0411 �;..& 9 -3793 January 16, 1958 Enclosed herewith please find 2 copies of our Workmen's Compensation Insurance Certificates for your information. Very truly yours, MONTGOMERY ROSS FISHER, INC. By He Bert A. Lewis HAL /vg Enclosures /2 ANCHOR CASUALTY COMPANY CERTIFICATE OF INSURANCE Issued to City Of Hevport Beach c/o Mr. Shelton City Manager This is to certify that the following policy or policies, subject to their terms, and conditions, have been issued by the ANCHOR CASUALTY COMPANY: Name of Insured MontMMery ROES Fisher, Inc. Address 10835 Santa Monica Blvd.., Los Angeles 25, California Type of Insurance Policy Number Effective Date Expiration Date Limits of Liability Workmen's Compensation and Employers" Liability VC 115009 2 -16 -57 2 -16 -58 Statutory General Liability Bodily Injury - S ,000 Each Person $ 000 Each Accident General Liability Property Damage $. ,000 Each Accident $ ,000 Aggregate Automobile .(Bodily Injury) $ ,000 Each Person ,$ ,000 Each Accident Automobile (Property Damage) $ ,000 Each Accident Automobile (Comprebensive of Fire, Theft, & Windstorm) .Automobile (Collision) $ Owners' or Contractors' Protective (Bodily Injury) $ ,000 Each Person $ ,000 Each Accident Owners' or Contractors' Protective (Property Damage) $ ,000 Each Accident Is .,000 Aggregate Description, Location of Operations, Automobiles Covered or Remarks: (Use Reverse If Needed) In the event of any material change in or cancelation of said policies, the ANCHOR CASUALTY COMPANY will make every effort to :notify the party to whom this Certificate is issued of such change or cancelarion, but the ANCHOR CASUALTY COMPANY undertakes no responsibility by so y ilure so to do. Dated this 9th day B / � t�A R Z ED REP REa ENT ATI V of January 19 bpaakro ANCHOR CASUALTY COMPANY CERTIFICATE OF INSURANCE tI/O Iwo � Issued to Maim �� Address This is to certify that the following policy or policies, subject to their terms, and conditions, have been issued by the ANCHOR CASUALTY COMPANY: Name of Insured l: —fi p 2". Address I" aa�ip Td Type of Insurance Policy Number Effective Date Expiration Date Limits of Liability Workmen's Compensation and Employers' Liability Statutory General Liability Bodily Injury $ ,000 Each Person $ 000 Each Accident General Liability Property Damage $ ,000 Each Accident $ ,000 Aggregate Automobile (Bodily Injury) $ 1000 Each Person $ 000 Each Accident Automobile (Propetty Damage) $. .,000 Each Accident Automobile (Comprehensive or Fire, Theft, &Windstorm) $ Automobile (Collision) $ Owners' or Contractors' Protective (Bodily Injury) $ ,000 Each Person $ .,000 Each Accident Owners' or Contractors' Protective (Ptopetty Damage) $ ,000 Each Accident $ ,000 Aggregate Description, Location of Operations, Automobiles Covered or Remarks: i i i (Use Reverse If Needed) In the event of any material change in or cancelation of said policies, the ANCHOR CASUALTY COMPANY will make every effort to notify the patty to whom this Certificate is issued of such change or cancelation, but the ANCHOR CASUALTY COMPANY undertakes no responsibility by re a y failure so to do. Dated this day By U N IZED REPRESERTATIy of 19 OK 147 - ALEN NE 1833 WEST OLYMPIC BLVD. LOS ONG E L E S 6. CALIFORNIA January 6,1957 Mr. Walter Charamza, City Attorney City Hall Newport Beach, California Re: N. P. Van Valkenburgh Co. Transmiseson Maine - City of Newport Beach, Schedule 2. Dear Mr. Charamzat DUNKIRK 2 -6331 Under date of December 31,1957 the undersigned, acting as attorney- in -fact for Hartford Accident and Indemnity Company, executed the final bonds in favor of the City of Newport Beach as required by the specifications and contract provisions. The Van Val1wnburgh Company's proposal was for Schedule 2 only and we are now given to understand that the bond forms themselves make no specific allusion to this limitation. Therefore please be informed that this office considers the bonds so limited and restricted, all in accordance with the proposal of the N. P. Van Valkenburth Company. Kindly make this notation in your records and on the bond: °fora themselves. Yours vim . truly, A. aaj/md AND CITY OF NEWPORT BEACH FINANCING ANALYSIS RESERVOIR AND WATER SYSTEM IMPROVEMENTS CITY COUNCIL Dora 0. Hill, Mayor Charles E. Hart C. A. Higbie Sandy F. MacKay Gen. S. E. Ridderhof James B. Stoddard Leland L. Wilder Robert Shelton, City Manager J. B. Webb, Director of Public Works Karl Lynn Davis, City Attorney A. V.Brasssard, Director of Finance Margery Schrouder, City Clerk April 22, 1957 STONE & YOUNGBERG Municipal Financing Consultants San Francisco — Los Angeles DANIEL STONE STONE & YOUNGBERG J. CARLISLE YOUNGS EFG MUNICIPAL FINANCING CONSULTANTS BENJAMIN J. BAUM RUSS BUILDING RICHARD R GROSS DON M. DAVIS SAN FRANCISCO BARRY N1. NEWMPN SUTTER 1-5460 CITY OF 04PORT BEACH PROPOSED RESERVOIR PROJECT FINANCING ANALYSIS RESERVOIR AND WATER SYSTEM IMPROVEMENTS INTRODUCTION The City of Newport Beach proposes to construct a 600 -acre- foot storage reservoir north of Corona del Mar, to construct trans- mission mains from the reservoir to the existing distribution system, and to eliminate existing deficiencies in the distributing system. The city has called an election for May 28, 1957, at which time a pro- posal to authorize issuance and sale of ;1,780,000 of city general obligation bonds will be submitted to the voters. The project was designed by James Ti. Montgomery, consulting engineer of Pasadena. Cost estimates for the reservoir and transmission lines are based on reports by Mr. Montgomery, and costs of local faci- lities have been estimated by J. B. Webb, Public Works Director of Newport Beach. i Stone & Youngberg, Mw-dcipal Financing Consultants, have been employed by the City of Newport Beach to analyze the financial feasi- bility of this project, to estimate its costs to taxpayers and users, and to analyze various methods of paying these costs. Various proposals have been made for construction of a reser- voir large enough to serve areas in addition to the City of Newport Beach. The original study made by Mr. Montgomery for The Irvine Com- pany in August 1956 suggested the possibility that the reservoir be built to serve all areas in the Coastal Municipal Water District. After extensive discussion, a proposal to finance a 1,200 -acre -foot reservoir jointly by the cities of Newport Beach and Costa Mesa was made, and a joint powers agreement between the two cities was drafted. The proposed joint powers agreement would have given Newport Beach rights to 51 per cent of the storage capacity of the reservoir and would have charged Newport Beach with the responsibility for operating the reservoir. Because of the difficulty in getting complete agreement between the two cities, primarily with respect to the status of a dis- puted annexation, the Newport Beach City Council decided on March 29, 1957 to proceed with the development of a 600- acre -toot storage project - 1 - without financial participation of any other water agency. This 6c0- acre -foot project is the one under consideration in this report and which will be voted on at the election of May 28. DESCRIPTION OF THE PROJECT The proposed storage project is to consist of a 600 -acre -foot reservoir to be located on lands of The Irvine Company in the San Joaquin: Hills north of Corona del Mar, occupying a portion of Blocks Nos. 92, 93, 96 and 97. The Irvine Company has agreed to contribute the land required for the reservoir in exchange for the right to use water from the reser- voir under certain limited conditions. In connection with the reservoir construction, an existing 36 -inch pipeline of the Metropolitan Water District will have to be relocated at the reservoir site and a 36 -inch bypass will be constructed at the existing terminal reservoir of the Metropolitan Water District. A 600 -acre -foot reservoir would require approximately 40 acres of land and would be designed with a maximum water surface eleva- tion of 302.5 feet. The reservoir storage is expected to provide a maximum of five days' water supply with ultimate development of the city; this would provide water for the city in the event of an inter- ruption in service from KfD. The reservoir is also designed to permit deliveries to the city from 190 during off -peak times, thus effectively increasing the ability of the city to utilize the MWD supply. The construction of transmission mains from the reservoir in- cludes 11,000 feet of 30 -inch pipeline from the proposed reservoir to Coast Highway and 1,800 feet of 18 -inch pipe. Existing deficiencies of the city's water system were studied by the City Engineer, and he estimated that the cost of eliminating these deficiencies would be $250,000. The deficiencies are to be cor- rected primarily by construction of new 8 to 18 -inch mains in various parts of the city. The new lines are not replacements but are to be built primarily to complete loops within system and thus to improve pressures and service. The following is a summary of the estimated project costs: Reservoir $>1,221,500 Transmission mains 289,500 Elimination of existing deficiencies 250,000 Allowance for incidental expenses 19.000 - 2 - Total: $1,780,000 The costs above include allowances for engineering costs and for contingencies. The allowance for correction of local system defi- ciencies can, in addition, be adjusted if more funds are required for the reservoir and transmission mains. EXISTING WATER SUPPLY The City of Newport Beach obtains its water from two sources: wells and the Metropolitan Water District. MWD supply is delivered at the Corona del Mar reservoir and the so- called Fernleaf meter. Some water received at the Fernleaf meter is sold at wholesale to The Irvine Company and Newport heights Irrigation District. Table l shows the annual production of water from city wells and purchases from XQ from 1944 to the present. As shown in the table, all water was produced from wells prior to 1949, deliveries at Corona del Mar reservoir began in 1949, and deliveries at the Fernleaf meter began in 1953• The city now receives more than one -half its requirements from IS-ID. Table 2 presents detailed data on production and purchases in 1955, 1956 and 1957. Water from 101D is purchased through the Coastal Municipal seater District at a price of $20 per acre -foot, and the price will be increased to $22 on July 1, 1957. Newport Beach is at the end of the Orange County feeder of MWD and has very limited local storage facilities. The com- bined storage of the three reservoirs is 4,525,000 gallons or approximately 13.9 acre - feet. The capacity of the Corona del Mar reservoir is 1,660,000 gallons (slightly over 5 acre -feet) with the remaining storage capacity of 8.9 acre -feet at Reservoir No. 2 northwest of Newport. The 600 -acre- foot reservoir project is being undertaken to augment this limited present storage capacity. The Metropolitan Water District is constructing facilities to provide additional water for the Orange County feeder line. The present line can deliver about 40,000 acre -feet per year to Orange County if operated continuously at full capacity, and the new facilities will nearly double the amount of softened water that can be delivered. Certain sections of a second Orange County feeder line are under construction, and plans are now being made for constructing remaining portions of the lower feeder within the next two years. Upon completion of these new 1VD facilities, a very flexible system will be available to supply water needs in Newport Beach and surrounding areas. These new facilities will not lessen the need for local storage for regulating peak demands and for emergencies in case KID service is interrupted. - 3 - Table 1 CITY OF NEWPORT BEACH WATER PRODUCTION AND PURCHASES BY YEARS 1944 - 1956 ACRE - FEET (a) 20.29 MWD delivered for Scout Jamboree (b) Jiily - Dec. only (c) June - Dec. only (d) 1414D official Nov. 29, 1948; Irvine Nov. 26, 1948 * Sold to Irvine Company and ;uewport _(eights Irrigation District. Not included in totals. - 4 - P•letropolitan Water District Corona Fernloaf Met .r Total City Year City Wells Del P:ar Non -C7 -L I w Z Productions 1956 1979.66 1322.70 313.30 810.25 4112.59 1955 1857.76 929.70 371.16 969.o9 3756.55 1954 1470.43 840.82 354•C4 1034.88 3546.13 1953 1838.19 1140,18 (a) 221.47(b) 531.o6 (b) 3509.43 1952 1926.65 1041.19 2967.84 1951 2038.96 886.61 2931.99 1950 2109.33 505.95 2615.28 1949 2326.04 295.07(c) 2621.11 1948 2502.28 (d) 2502.28 1947 2568.99 2568.99 1946 2239.06 2239.06 1945 1894.97 194.97 1944 1812.01 1842.01 (a) 20.29 MWD delivered for Scout Jamboree (b) Jiily - Dec. only (c) June - Dec. only (d) 1414D official Nov. 29, 1948; Irvine Nov. 26, 1948 * Sold to Irvine Company and ;uewport _(eights Irrigation District. Not included in totals. - 4 - Table 2 CITY OF NEWPORT BEACH WATER PRODUCTION AND PURCHASES BY PiONTHS 1955 - 1957 ACRE - FEET Sold to Irvine Company and Newport Heights Irrigation District. Not included in totals. - 5 - Metropolitan Water District Total Corona Fern'_eaf Mete. City 1955 City Wells Del Mar Non -City Ci'y Production Jan. 122_,89 44.30 2.38 31.25 198.44 Feb. 124.28 37.80 7.45 37.13 199.21 Mar. 134.77 76.20 17.24 62.15 273.12 Apr. 142.65 82.50 30.94 87 -03 312.18 May 138.06 75.70 28.11 66.78 260.63 June 153.58 92.30 43.33 99.10 344.98 July 191.72 105.60 78.04 138.12 437.04 Aug. 212.32 113.20 76.41 161.25 486.77 Sept. 200.36 99.20 50.54 108.15 407.71 Oct. 162.31 79.80 23.87 81.29 323 =40 Nova 143.42 64.50 7.61 61.99 269.91 Dec. 131.40 57.60 5.24 34.16 223.16 1857.76 929.70 371.16 969.09 3756.55 1956 Jan. 149.51 61.60 7.03 30.71 241.82 Feb. 126.40 66.60 7.40 28.96 221.96 Mar. 130.70 105.60 25.31 75.04 311.34 Apr. 126.42 92.40 18.36 44.90 263.72 May 167.42 113.40 36.30 69.54 350.35 June 186.29 123.50 48.70 105.23 415.02 July 226.42 125.70 40.83 127.38 479.50 Aug. 232.80 100.60 29.97 103.95 437.35 Sept. 212.09 145.20 32.47 55.50 412.79 Oct. 150.27 130.30 26.35 58.41 338.97 Nov. 146.72 131.00 24.85 61.17 338.89 Dec. 124.62 126.80 15.73 40.46 300.88 1979.66 1322.70 313.30 810.25 4112.59 1957 . Jan. 91.63 103.70 2.36 33.20 228.53 Feb. 79.71 104.70 3.74 37.46 221.87 Sold to Irvine Company and Newport Heights Irrigation District. Not included in totals. - 5 - PROPOSED METHOD OF FINANCING The proposal to be submitted to the voters of Newport Beach on May 28, 1957 will provide for the authorization of $1,780,000 of general obligation bonds. Financing the project by general obligation bonds appears to be the most feasible and the most economical of the possible methods available. With general obligation bonds the full faith and credit of the city are pledged to payment of interest and principal, and the city is obligated to levy taxes if necessary to meet these payments. Under general obligation bond financing, other sources of revenue - such as from the sale of water - can be used to pay these costs. This offers the maximum flexibility in the payment of the bonds. General obligation bonds require approval of two- thirds of those voting in an election called for the purpose of authorizing the bonds. At the time of issuance the total amount of bonds, together with other general obligation bonds then outstanding, cannot exceed 15 per cent of the city's assessed valuation. General obligation bonds offer the best security to the ulti- mate purchaser and can usually be sold at lower interest rates than other types of bonds, vrith resultant savings to the issuer. The bonds may be scheduled to mature serially in fixed Mlual amounts over a period not to exceed 40 years. Annual principal payments may be deferred for not more than ten years in the case of revenue- producing projects. Bonds may be made callable prior to maturity at the option of the issuer. The City of Newport Beach has relatively a very small amount of general obligation bond indebtedness. As summarized in the table below, total bonded indebtedness of the city is $121,000. This repre- sents about two - tenths of one per cent of the city's valuation. Principal Original Outstanding Issue Date Maturing Principal 4 -15 -57 $350,000 Water 10 -1 -25 av10,000 1957 -60 ;$ 40,000 500,000 Jetty 3 -1 -27 15,000 1958 -61 60,000 130,000 Pier 1 -1 -40 7,000 1958 -60 21.000 x$121, 000 The City of Newport Beach has nearly $9,000,000 of general obli- gation bonding capacity based on the 1956/57 assessment roll of the city. With so few bonds outstanding the city can readily sell $1,780,000 - 6 - of bonds for the reservoir project without restricting the city?s ability to finance other municipal improvements through the sale of additional bonds. We believe that a reasonable amortization schedule for the reservoir project bonds would provide for their retirement over 25 years. While this is considerably less than the useful economic life of the reservoir, we believe a longer term could possibly result in higher interest rate and certainly would require the city to pay interest on the bonds for a longer period of time. If the bonds were retired over 25 years with equal annual total payments of interest plus principal, the estimated total cost for bond service would be appro�amately yJ114,000 per year if an interest rate of 4 per cent is assumed. The actual interest rates to be paid will be determined by competitive bidding at the time of sale. The interest rate of 4 per cent represents a reasonable estimate based on conditions now existing in the municipal bond market. A retirement schedule based on approximately equal annual pay- ments over 25 years is presented in Table 3. Annual principal payments increase from $40,000 to X110,000 as interest requirements decline. Lengthening the term of the bonds to 30 years would reduce the required annual payments (interest plus principal) to about $104,000, assuming the same 4 per cent interest rate. Whether or not this longer term should be used will be a policy decision of the city to be made at the time the bonds are sold. We believe that the 25 -year schedule is preferable and have used it in our analysis. - 7 - Table 3 CITY OF NE4iPORT BEACH AMOR`IIZATION SCHEDULE $1,070,400 $1,780,000 $2,850,400 $1,780,000 RESERVOIR PROJECT BONDS Years from Principal Interest Principal Total Issue OiOitstanding @ 4p Maturing Bond Service 1 ,$1,780,000 $ 71,200 tD 40,000 $ 111,200 2 1,740,000 69,600 46,000 114,600 3 1,695,000 67,800 45,000 112,800 4 1,650,000 66,000 50,000 116,000 5 1,600,000 64,000 50,000 114,000 6 1,550,000 62,000 50,000 112,000 7 1,500,000 60,000 55,000 115,000 8 1,445,000 57,800 55,000 112,800 9 1,390,000 55,600 60,000 115,600 10 1,330,000 53,200 60,000 113,200 11 1,270,000 50,800 65,000 115,800 12 1,205,000 48,200 65,000 113,200 13 1,140,000 45,600 70,000 115,600 14 1,070,000 42,80C 70,000 112,800 15 1,000,000 40,000 75,000 115,000 16 925,000 37,000 75,000 112,000 17 850,000 34,000 80,000 114,000 18 770,000 30,800 85,000 115,800 19 685,000 27,400 85,000 112,400 20 600,000 24,000 90,000 114,000 21 510,000 20,400 95,000 115,400 22 415,000 16,600 100,000 116,600 23 315,000 12,600 100,000 112,650 24 215,000 8,600 105,000 113,600 25 110,000 4,400 110,000 114,400 $1,070,400 $1,780,000 $2,850,400 WATER DEPARTMENT OPERATIONS The municipal water department of the City of Newport Beach supplies water to almost all water users within the city. All services are metered and bills are rendered bi- monthly. The following rate sche- dule applies to all water deliveries: Meter Min. Quantity Monthly Size (cu. ft.) Charge # 3/4" 700 562.55 lit 1,000 2.91 1-1/2" 1000, 3.27 2" 1,600 3.63 3" 10800 3.87 Additional water at 120 /100 cu. ft. # Billing is on a bi- monthly basis although the rates and quantities shown are monthly. As can be noted in the schedule above, the rate structure is very simple. The basic minimum charge is $2.55 per service per month with a charge of 12 cents per 100 cu. ft. for all water used in excess of 700 cu. ft. per month (1,400 cu. ft. in a two -month period). The minimum charge for meters larger than the 3 /4-inch size is higher, but the quantity of water allowed for payment of the minimum charge is like- wise increased. The minimum charge is 12 cents higher for each 100 ci.ft. per month allowed over the 7CO cu. ft. minimum quantity. Meter rates were increased by Ordinance 793 adopted August 13, 1956. This ordinance increased all rates by $1.25 per month. The pre- vious rate for 3 /4-inch meters was $1.30 per month. The new rates made no change in the 12 cents per 100 cu. ft. charge for water in excess of the minimum. The city reported a total of 8,758 active service connections during the billing period of January /February 1957. An estimated 250 additional services were connected but shut off during this period and were not charged. Table 4 presents a summary of water services, con- sumption, and charges billed by the city water department from 1952 to the present. It will be noted that consumption is highest during the late summer months, represented by the September /October billing period, when it is approximately twice that of comparable mid- winter periods. Based on the first eight months of the current 1956 /57 fiscal year, the number of services and water consumption have both increased by about 3 -1/2 per cent over the 1955/56 fiscal year. More than 137,000,000 cu. ft. will be delivered to customers in 1956/57. Table 5 presents an analysis of water use by customers for the 1955/56 year. The table classifies bi- monthly use for all users during the year. As can be noted from the table, 42 per cent of the individual bills rendered during the year did not exceed the minimum charge, and the 42 per cent of the bills in this category accounted for only about 11 per cent of total water consumption. On the other hand, the largest 10 per cent of the water -use blocks accounted for 41 -1/2 per cent of the water consumption and the largest one per cent used almost 20 per cent of`the water. The assumption can be made that the pattern of water use in 1956/57 and the years immediately following will not differ substantially from that presented in Table 5. Table 6 presents a summary of receipts and disbursements of the municipal water department for 1953/54 to 1955/56. Table 7 presents estimated budgeted expenditures for the current 1956/57 fiscal year com- pared with comparable data for the previous year. Actual income for 1955/56 is shown and the 1956/57 income figure has been adjusted to assume that existing water rates were in effect for the entire year. The 1955/56 expenditures in the two tabulations differ slightly because of different methods of presenting certain items. Prior to the rate increase of 1956, water department receipts exceeded disbursements by about ^20,000 per year, exclusive of transfers. When inter -fund transfers were considered, the water fund operated at a deficit for two of the past three years. Increased income derived from the new rates is being used to finance major capital outlays during the current fiscal year, and the surplus available in the water fund at the end of the year will be small. FUTURE REQUIMIENTS FOR FUNDS After bonds for the reservoir project have been sold, estimated annual requirements for water purposes will be as follows: Budgeted operation and maintenance w256,000 Boni interest and redemption 114,000 Capital outlay allowance 25,000 Allowance for contingencies 10,000 $405,000 - 10 Sewer charges were billed on water bills but are not included in this tabulation. - 11 - Table 4 CITY OF ;NEWPORT BEACH SUNUAPY OF WATER SERVICES, CONSUMPTION, AI4D CHARGES Billing Total Consumption Period Active Services (Albin Peet) Charges ' 1957 Jan -Feb 8758 19,296,700 56,907 1956 Nov -Dec 8767 23,706,400 62,041 Sept -Oct 8710 31,971,400 47,593 July -Aug 8648 26,340,500 35,382 May-June 8575 20,138,500 35,495 Nlar -Apr. 8460 16,451,600 31,945 Jan -Feb. 8458 17,206,200 32,357 1955 Nov -Dec. 8488 23,571,700 38,778 Sept -Oct. 84i3 32,6!4,600 47,601* Jul Aug. 8360 24,503,500 12,371# ' 1955 -56 8469 134,518,100 238,613 1954 -55 8338 129,748,900 223,426 1953 -54 7956 122,267,600 214,223 1952 -53 7601 109,687,600 205,012 Sewer charges were billed on water bills but are not included in this tabulation. - 11 - Table 5 CITY OF NEWPORT BEACH CONSUMER USE TABULATION (For the Fiscal Year 1955 -1956) (Consumption 1 1 - s C Consumption - C Table 6 CITY OF NEWPORT BEACH Water Department Receipts and Disbursements Receipts Sale of water Connection charges Miscellaneous Total Transfers to water fund Total Receipts and Transfers Disbursements 1955156 1954/55 $240,708 $224,190 19,000 121126 1.839 1.332 $261,547 $237,648 6.763 -- $268,310 $237,648 Office administration $ 22,359 Meter reading and maintenance 9,313 Distribution and acquisition of water 80,653 Maintenance of lines 59,753 Corporation yard expense 35.339 $ 20,587 7,963 65,634 53,163 24.965 1953/5 $214,295 13,577 18.295(a) $246,167 1.936 $248,103 $ 24,230(b) 7,581 62,916 42,672 34.367 Sub -total Expense $207,417 $172,312 $171,766 Capital Outlay 31 047 $238,46 4 40.855 T2-1-3-,177- 51.608 223,374 Total Disbursements 22,794 Including transfers Transfers to other funds 9,286 30.280 60.336(c) Total Disbursements and Transfers $247,750 $243,447 $283,710 Excess of Receipts over Disbursements Exclusive of transfers $ 23,084 $ 24,480 22,794 Including transfers 20,561 ( 5,800) ( 35,607) Fund balance beginning of year $ 30,639 $ 36,439 $ 72,045 Fund balance end of year $ 51,200 $ 30,639 $ 36,439 (a) Includes $15,325 on 30" water line. (b) Includes cost of bookkeeping machine $3,100. (c) Inventory purchases less requisitions. All figures rounded to nearest dollar. Source: Annual audit reports. - 13 - Table 7 CITY OF NEWPORT BEACH Water Department Budget INCOME Administration Meter reading and maintenance Production and purchase Pumping plant Booster plant #1 Booster plant — CDM Booster plant — Newport Heights Purchase and treatment Distribution, maintenance and replacement of lines New water service Corporation yard Equipment 1955 -56 1956 -57 $261,547 $3 5 730# $29,955 $ 36,255 8,500 12,784 5,000 5,600 12,100 12,212 350 650 100 100 51.400 66,1,00 $ 64,356 $ 63,580 21,300 20,736 22,300 22,300 15.700 15.750 $231,061 $256,367 # Assumes new water rates effective for entire year. Actual income is estimated at $321,291 since rates became effective in September 1956. — 14 — The operation and maintenance figure is based on the 1956/57 budget. Based on preliminary estimates now available, the 1957/58 water budget will not exceed $256,000. Bond interest and redemption costs of $114,000 are based on Table 3. The capital outlay allowance is to provide for current improve- ments and to accumulate funds for major extensions or for emergency expenditures. The contingency allowance is to provide for unexpected cost increases, such as the need to buy additional WD water to replace well water, and to allow for possible minor errors in estimates. Miscellaneous income from sources other than water sales currently amounts to about ',45,000 per year and can be expected to be at least this large in future years. Water sale income of approximately $390,000 per year thus appears required in order to meet the fund require- ments presented above. The city can expect an average of 9,000 active services and sale of 140,000,000 cu. ft. of water in 1957/58. Present water rates would produce an estimated X275,400 from minimum charges and 397,800 from sale of water in excess of minimum allowances. This is a total of 9373,200 compared with $390,000 indicated as required from water sales. Income from present rates appears sufficient to pay operation and maintenance and to meet bond service requirements. To provide ade- quately for capital outlay and for reserves, water sale income should be increased by about 5 per cent. ALTERNATE SOURCES OF REVENUE As demonstrated above, water fund income should be increased by about 5 per cent in order to retire the $1,780,000 reservoir project bond issue and to provide adequately for other water system requirements. Consideration should be given to alternate sources of revenue for water operations and to a review of the existing water rate structure. Since the proposed bonds are to be general obligations of the city, they may be paid in part from 'taxes, and the authorisation of general obligation bonds carries with it authorization to levy taxes, if necessary, to pay interest and principal. The assessed valuation of the City of Newport Beach on the 1956/57 assessment roll is 159,383,040. This valuation is made up of the following components: - 15 - CITY OF NEWPORT BEACH ASSESSED VALUATION 1956 -57 LOCAL SECURED ROLL Land and mineral rights $19,062,720 Improvements, trees and vines 28,701,420 Personal property 2,410,810 Sub Total Less exemptions Total UTILITY ROLL Total Secured UNSECURED ROLL Land Improvements Personal property Sub Total Less exemptions Total 5x50,174, 950 1,607,680 154,940 1,284,710 7,007,210 o- 8,446,860 134,400 GRAND TOTAL 548,567,270 ew 2,503,310 $51,070,580 S 8,312,460 "59,383,040 The total annual costs of the bond issue (principal and interest) could be paid from a tax of about 19.2 cents per $100 on the present assessed valuation if the city were to choose to pay them entirely from this source. This compares with a total city tax rate of $1.24 in the current fiscal year. Were the city to decide to pay all or a portion of bond service costs from property taxes, certain possible inequities would exist. Several areas of the city are served by other water agencies rather than by the municipal water system. The assessed valuation and approximate number of services in other water agencies is as follows: FORTIONS IN NEWPORT BEACH No. of Services Assessed Value Newport Heights Irrigation District 773 $3,433,720 Santa Ana Heights Mutual Water Co. 100 93,600 Newport Mesa County Water District F 51,630 Total 873 33,578,950 Percent of total city 9.06% 6.03. 4 The disputed Newport Beach -Costa Mesa annexation is in the Newport Mesa District. — 16 — If a city -wide tax were levied to pay the bonds, these users and property owners would be taxed but would not be benefited directly. The problem would be most serious in the Newport Heights Irrigation District, where an assessment on land is levied in addition to the charge for water. The present assessment is $1.00 per $100 assessed valuation of land only. Rather substantial tax rates for water purposes are already being paid by property owners in Newport Beach. The following tax rates apply for Metropolitan Water District and the municipal water districts in which Newport Beach is located. Assessed M4D Tax Coastal Muni - Valuation Rate cipal Tax Rate COASTAL MUNICIPAL WATER DISTRICT Original area $ 7,342,990 $$0.21 $0.0058 Newport Beach City 49,174,120 0.25 O.CO58 Irvine Annex 2,782,920 0.25 0.0058 Fairview Farms Annex 1,080 0.22 0.0058 ORANGE COU14TY MUNICIPAL WATER DISTRICT '$ 82,130* $0.33 - $13,2T 240 not in Metropolitan Water District. On the basis of these tax rates, approximately ;$150,000 per year is being paid to MID and Coastal Municipal Water District. The fact that such a relatively large amount is already being derived from taxation for water purposes in Newport Beach argues strongly against adding additional taxes to pay off city water bonds. A principal argument for use of taxes to pay for a portion of the project is that this represents a means by which owners of bare land and other non -water users can contribute to the cost of the project. Since city taxes are levied on all property, the amount of taxes which would be paid by owners in these non - water -using categories would be very small, and the objective of getting their participation would not be achieved'. The city might find it preferable to examine the possibilities of imposing standby or other charges to be paid by owners of land where city water lines are available but not being used. Such standby charges are frequently used by irrigation districts and some similar arrangement may be possible for the city. - 17 - WATER RATE ADJUSTMENTS The present Newport Beach water rate structure provides a minimum monthly charge of {$2.55 per meter. Payment of this minimum charge entitles the user to 700 cu. ft. of water per month without additional charge. Minimum charges account for about 75 per cent of the cityfs water sale income. As discussed above, 42 per cent of all bills rendered by the city are for the minimum amount. Most ccmplaints to the city about water rates are from users of less than the minimum allowable quantity, and these customers claim to have been charged for water not actually used. The city is giving consideration to elimination of the quantity allowance for payment of the minimum charge. To do so would identify clear_y the portion of each usor ?s bill wh-lch represents the readiness -to -serve charge and would charge for all water actually used. Principal reasons for the minimum allowance, where used, are precedent, the desire to encourage use of water for sanitation and other essential household purposes, and the desire to supply some quan- tity of the commodity in exchange for the minimum payment. These arguments appear to be very mich less important in Newport Beach than in some other communities. Newport Beach has many very small users who are adversely affected by the minimum allowance. Many of these users have small houses and little or no outside planted areas. If the minimum allowance is eliminated, the minimum rate can be reduced to the benefit of these small users. Although by far the greatest number of water systems have minimum allowances, Los Angeles and Lon; Beach rate structu_°es charge for all water delivered. There is some precedent, therefore, in these large systems for elimination of minimum allowances. Whether or not the minimum allowance is continued is a matter for council decision. It will be dependent largely on acceptance within the community of the idea of a fairly sub3tantial water charge to repre- sent solely the availability of service. Two principles should be observed in establishing a water rate schedule. The schedule first must produce the required amount of revenue each year. Secondly, the schedule should distribute the costs of the water system equitably within the community. - 18 - Two elements should be included in a water rate structure: a readiness -to -serve charge, representing the cost of making service avail- able to a customer, and a quantity charge, representing water actually used. Income from the readiness -to - serve charge should be sufficient to pay the so- called fixed costs of the system and should be sufficient to keep the system in operation whether or not water is actually delivered. Based on discussions with representatives of James M. Montgomery, the cityfs consulting engineer, and with city officials, an attempt has been made to isolate the fixed costs of the system. Bond interest and redemption, assuming sale of the reservoir project bonds, account for the largest proportion of these costs. To bond interest and redemption have been added two- thirds of distribution system maintenance (exclusive of meter purchases and new services expense) and one -half of administra- tive costs, meter reading, and equipment maintenance. The following tabulation shows the estimated distribution of these costs, based on actual 1955/56 and budget 1956/57 expenditures: Bond interest and redemption $114,000 Distribution maintenance (2/3) 45,600 Administrative expense (1/2) 18,500 Meter reading (1/2) 3,900 Equipment maintenance (1/2) 11500 $183,500 Average per meter: per year 20.95 per month 1.75 Based on this computation, a minimum charge of at least $1.75 per month is indicated. This charge is not sufficient, however, to per- mit delivery of any water for payment of the minimum. Based on this computation and the discussion above, the follow- ing rate structure is indicated: Minimum charge N1.75 per month Quantity rate .14 per 100 cu. ft. for all water used. Income which would be preducsd by this schedule.is' estimated as follows: 9,000 meters at w1.75 per month X188,000 140,000,000 cu. ft. at 14 cents per 100 cu. ft. 196,000 084,000 - 19 - The costs to typical users under this suggested schedule and under existing water rates are compared in Table 8. Users of less than 1,200 cu. ft. in two months would receive reductions under the new rates. This schedule produces slightly less than the required 'V'390,C00 suggested above. The difference may possibly be made up in increases in miscellaneous income. Unless miscellaneous income can be increased, a quantity rate of 15 cents appears required. If a minimum allowance is to be retained, increase of the minimum charge to $2.40 per month with an allowance of 500 cu. ft. per month is suggested. Determining the amount of the minimum is difficult and must be quite arbitrary. Eliminating the allowance appears to sim- plify this problem. Additional adjustments in the water rate schedule and in mis- cellaneous water income which might be considered by the city include the following: 1. Connection charges 2. Turn -on charges 3. Minimum charges-applicable to large meters 4. Reductions for quantity use. These are discussed below. 1. Connection Charges -'The city now charges new services only the cost of connection. An increase in the connection charge to include a payment toward costs of the system already installed appears appropri- ate. -Increasing connection fees by $025 would produce about �10,C00 per year and provide a means by which owners of previously undeveloped pro- perty could pay, toward the original cost of the system. 2. Turn -on Charges - The city now makes no charge to discontinue service and will restore service for $2.50. This policy appears to en- courage users to shut off service for short periods and reduces the city?s income from minimum charges. An increase in the turn -on charge to at least the minimum 2 -month bill (x3.50 under the schedule suggested above) and preferably to twice the 2 -month bill appears warranted and would result in increased income. 3. Minimum Charges for Large Meters - Large meters are capable of higher rates of flow than the standard 3 /4-inch meters used by most customers in Newport Beach. A higher minimum charge is warranted to reflect the greater availability of service to large meters. Since flow is proportional to the area of the meter, a minimum charge proportional to the square of the meter diameter has been suggested. A charge directly proportional to the diameter may be more appropriate and the Council should give additional study to the specific rate differential. An estimated 5 per cent of the meters in the city are larger than 3/4 -inch. - 20- Table 8 COMPARISON OF COSTS TO TYPICAL WATER USERS EXISTING RATES AND SUGGESTED NEW RATES Costs are shown on a monthly basis although billing will be bi- monthly. N?onthly Charge Existing Suggested Rate New Rate Minimum charge (3/4 -inch meter) $ 2.55 1.75 Minimum allowance 7CO cu. ft. None Quantity rate per 100 cu. ft. $ 0.12 Q 0.14 MONTHLY CHARGE FOR QUANTITY USED (cubic feet) None ii 2.55 a 1.75 100 2.55 1.89 200 2.55 2.03 300 2.55 2.17 400 .2.55 2.31 500 2.55 2.45 600 2.55 2.59 700 2.55 2.73 8501 2.73 2.94 11000 2.91 3.15 20000 4.11 4.55 5,000 7.71 8.75 10,000** 13.71 15.75 20,000 -,, 25.71 29.75 50,000** 61.71 71.75 Median use No allowance for additional charge for meter larger than 3 /4-inch is included although a larger meter would be used to deliver these quantities. - 21 - 4. Reduced Rates for Quantity Use - Widely accepted procedures in the waterworks industry provide lower rates for large quantities of water. This is done to reflect the lower cost of delivering large quan- tities to a single user and to encourage large water users to connect to the system. An estimated 16,CCO,000 cu. ft. is delivered annually in excess of 10,000 cu. ft, within the city. To reduce the rate by 3 cents per 100 cu. ft. for all use over 10,000 cu. ft. per month (from 14 cents to 11 cents, for instance) would reduce income about $64,800 per year under estimated present usage. Total consumption in this bracket may be increased, however, if the rate is lower, and large water users may be attracted to the city. As with the other adjustments discussed above, whether or not lower rates are to be established for large users is a policy decision to be made by the council after further study of specific details. CONCLUSIONS 1. General obligation bonds ccnstitute the most economical means of financing the cityQs proposed reservoir project and related improvements. Assuming equal annual total payment of interest and principal over a 25 -year period, average annual bond service costs are estimated at $114,000. 2. Payment of bond interest and redemption entirely from water revenues appears preferable to paying them from taxes. Some pro- perty in the city is served by water agencies -other than the city, and to tax it for city water purposes appears inequitable. Substantial tax contributions are already being made by Newport Beach taxpayers through Metropolitan Water District. 3. An estimated w405,000 will be required annually to pay all water system expenses after the bonds are sold. The present water rate schedule would produce about 95 per cent of the required water sale revenue. A readjustment in the rate schedule appears desirable in order to increase income and to distribute costs more equitably. 4. Reduction of the monthly minimum charge to $1.75, elimina- tion of the minimum allowance (now 700 cu. ft. per month), and a'charge of 14 cents per 100 cu. ft. for all water used would produce $384,000 annually. With reasonable increases in other sources of water income, this appears sufficient to pay all water costs. 5. Users of less than 600 cu. ft. per month would have their rates reduced under the suggested schedule, and the median user would have his bill increased 21 cents per month on the average. 6. The'extent to which the suggested rate schedule distributes costs of water equitably should be studied carefully by the City Council, along with possible adjustments in connection charges, turn -on charges, minimum charges for large meters, and lower quantity rates for large meters -22 - C ;. 0 recembe -• ln, 1957 To: Honorable Mayor and Council City of Newport Beach nror'�: City Attorney lab,:ect: Bids on Construction of Big Canyon Reservoir and Transmission ;gains In the course of the examination of the bids submitted s :puestions arose as to the acceptability of the bids zu,b:ai tec by Montgomery Ross Fisher, Inc., Early and Delphi:., and Macco Corp. On Schedule I. After .researching the ques•- tion of law involved, I have arrived at these conclusions: (1) The bid submitted by Fisher, Inc, meets the minimum �c_�i e;_otzis of a bid and may be considered by the Council. The i_zlegularities in the bid are not of such a nature zAa',- they may not be waived by the Council and the contract Sawa—, c'-d if tile Council decides that the bid and bidder are keceptable in all ocher respects. (2) The bid submitted by Macco Corporation does not qualify as a bid on either schedule alone and should be con- - aidered as a bid only on both schedules combined. The reason it does not qualify as a bid on either schedule alone is because the bidder attached a condition by which he retained the ;power to decide whether or not he should be ay.arded the contract. The bid is, therefore, not responsive to the call for bids. On this subject McQuillir, on Municipal Corporations states "The bid must be in such form that ' its ac!cp snce will place a valid obligation on the bidder to enter into a formal contract for the work; and after a bid has been properlyibub- r;iitted and opened, Or after the time for receiving bids has no material change in the terms Of the bid can be ;:lade." (Volume 10, Sec. 29.65). This language is based upon a California Supreme Court case in which the Court stated "The offer or bid must be in such form as to be binding upon its acceptance ." Williams vs. Bed, 129 Cal. 461). To qualify as a bid, the document submitted in response to a call for bids must be a definite, firm, irrevocable ofl'er to enter into a contract if the award is made to the bidder. The bid by Macco Corporation does not meet this requirement except when considered a bid On both schedules combined. -2- December 16, 1y5 (3) The bid submitted by Early and Delphia contains a uubstantial irregularity in that the proposal was not siSned by John Delphia, one of the joint adventurers. It is probable that the other has the power to bind both in their dealing with third persons on a question of this )-- nd, ^.d an aerard to this bidder would probably be binding. alter W. charam7p- ITUG Guns City Attorney cc: City Manager Director of Public Works 0 535) Fast Wa.'�u'1ut Street Pacadera, California December 13, 1957 Honorable City Council City of Newport Beach Newport Beach, California Attentions Mr. Robert Shelton, City Lianager Gentlemen- The bids received and opened on December 9, 1957 for the construction of Big Canyon Reservoir and Transmission Mains axe summarised as followse SCHEDULE I — BIG CANYON RESERVOIR Engineeros Estimate $1,208,520 1, Maceo Corporation 928,402 (1) 2. Montgomery Ross Fisher, 'Inc., Los Angeles 932,36o (2) 3. Fred J. Early Co.,. Inc. & John Delphi &, (J0), Torrance 9440920 (3) k. Steclser & Scott, Ray V. Anderson (Ja), Sun Valley 977,347 (4) 5. R. R. Hensler, Inc., Sun Valley lo111,120 6. E. C. Young & Young & Arriotta, (JV), Sun Valley 1,114,063 7. T. 14. Page & RCR Corp., (JP), Duarte 1,118,138 (5) S. S. A. Cummings Contr. Corp., Compton 1,120,322 9. Mabee Construction Co., Reilflower 10134,000 10. Alwood Corp., Glendale 1,149,165 11. Cox Brothers Construction Co., Stanton 19208,836 12. Griffith Company, Los Angeles 1,261,710 Pdotee; (1) Stipulation. All or none (Schedules I and II) (2) Unit prices improperly filled out, only two officers of corporation listed, financial statement dated November 30, 1956. (3) One member of joint venture, John Delphia, failed to sign proposal. (4) Did contains €s mistake in an extension, amount shown is corrected total. (5) Bid stipulates under Sehedule III a deduction of $3,000 under Schedule I and $3,000 under Schedule IT if awarded both Schedules I and 1I. Honorable City Council City of Newport Beach The above bide are discussed as follows: Page 2 December 130 1957 Z. Macco Corporatiea Although the Macco bid of $926,402 is the lowest received on Schedule I0 the stipulation "All or none" eliminates this bid because this firm was not low on Schedule II. actually it was 1!M* bidder on Schedule II. See /at-ei%1wob ¢ bzle",l 2. Montgomery Roes Fisher. Inc The Fisher bid of $9320 is second from lox and is regular with the following exceptions: (a) Unit Price Items Nos. 4 through 10 (Pages A.14 and A-15 of the bidding sheets) contain certain irregularities. In each space provided for quoting the unit price is words, the tgtqi�l extended price is written. In each space provided for quoting the unit price in figures as dollars or fractions thereof, the use of the decimal point is quite erratic. However, the intended unit price is apparent upon examination of the total extended price for each item. (b) Only two officers of the corporation are listed on page A -13 of the proposal. It is understood that any California corporation has at least three officers. Although the financial statement called for on page A-13 of the proposal is attached: it is dated November 30, 1956® which might not reflect the current condition of the firm. The subcontractors listed on page A-13 of the proposal are as follows- Earthwork J. E. Riley and $one Reinforcing steel J. T. Ryerson Paving; R. J. Noble Electrical Sutton and Frost Mechanical Neves and Grail Fencing Cyclone Fence Co. Our firm has known the Fisher organization for about three years. They were the contractors on a $5200000 reservoir and pumping station project built for the City of Beverly Hills. We designed and supervised construction of this project. Fisher's organization handled the job very well and the finished project was entirely satisfactory. hovee and Crai10 whom Fisher has named Honorable City Council City of Newport Beach 3. Page 3 December 130 1957 as the mechanical subcontractor, did the mechanical work on the Beverly Hills project under a subcontract. Their work was equally satisfactory. Incidentally, Bovee and Creil have constructed a total of 11 pumping stations which we have designed, some of which were very large. On nine of these stations, Bovee & Crail were prime oontractoro. We have found therr work to be excellent. We have had no direct contact with J. E. Paley and Sons and R. J. Noble, the subcontractors who have been named for the earthwork subcontract and paving subcontract, respectively. However, we have been informed that they both enjoy a very good reputation in this area. The Early bid of $94k,920 is third from low and is regular in all respects except that the proposal was not signed by John Delphia or hie representative. The bid bond was signed by R. H. Heitman acting under a special power of attorney for John Delphia dated February 1, 1956 which was attached to the bid. Since the power of attorney is nearly two years old, there might be a question as to whether it is still valid. A financial statement of the Marly firm only dated December 31, 19569 is attached and appears satisfactory, but since it is nearly one year old it might not reflect the firm °o current condition. No financial statement for John Delphia is attached. The subcontractors listed on page A-13 of the proposal are as followse Earthwork Reinforcing steel Paving Electrical Fencing He eon*_y J. E. Riley and Some J. T. Ryerson R. J. Noble Sutton and Frost Cyclone Fence Co. W. C. McGowan Although our firm has had no contact with the Early firm since 1948, we found their work at that time to be excellent. via understand their current reputation is equally good. 0 FH --n cable City Council ,'ty of Ne poet Beach Page 4 December 13, 1,3, 'he combination b'd of % -.aceo would be $1004845 as compared to 11,307,282 for the combination of the Stacker bid and the Van Valkeriourgh bid. Thars- fore, if neither the Fisher or Early bid were accepted, 'then the Macco Corporation combination bid would be the next lowest combination. 10 York under SahRJ I fcel ttie nshsr bid in the amount of c932,350 should be ;arc - -t3'. unless them is some legal objection to waiving the it loM:,1ar manner in which the bi3 was made out. Yn the ev =%t there is some legal objection to accepting 'r.o Fisher bid, then we feel the Early bid in the amount of 20 should be accepted provided there is no legal objection ;.Swing the fact that neither John Dolphin nor his representa- e_.av,; ?Agnod the joint venture proposal. In the event there is cone legal objection to waiving the lrre; ul.�rity in the Early bid, then we feel the Macco combination bi,& in the anount of ^1,304,845 should be accepted. Honorable City Council city of Newport Reach SCHCDULE II - TRANSMISSION MAINS 0 Page 5 December 13o 1957 The Va? Valkenburgh bid of $329,935 is the lowest received on Schedule II and is revilar with the following exceptions: (a) The spaces provided on page A-13 of the proposal for listing recently completed projects has not been filled out. (b) The financial statement eallod for on page .1 -13 of the proposal is not attached to the bid. In view cof the long and successful oxperience of the Van Valkenburgh firm as a pipeline contractor and their excellent reputation in this area we feel that these minor irre„ularities should be waived. Our firm has designed and supervised the construction of numerous large pipeline projects which have boon constructed by the Van Valkenburgh firm and we have found their work to be entirely satisfactory. Therefore, we recommend that Schedule 11 be awarded to N. P. Van Valkenburgh Company in the amount of their low bid of $329,935 and that all other bids on Schedule Il be rejected. Respectfully submitted, JAMES M. MONTGOMERY oneulting Engineer Jtmses M. Montgomery JMIA:1s Engineor'�o Estimate $1+220578 1, 11. P. Van Valkenburgh Co.., ail Monte 3290935 (1) 2. P.obe.rt W. Hongola, Ontario 3330540 3. A. H. Famularc 339oO80 4. Chas. J. Dorfman„ Los Angeles 357,350 5. T. M. Page & RCR Corp.., Duarte 362,400 (2) 6. Bove & Crail Constr. Co., Paramount 364,000 7. J. S. Barrett, Inc.,, Santa Asa 364,300 8. LCng, Marker & Howley Constr. Co., Huntington. Beach 371,968 9. Mscco Corp., Paramount 376,443 10, Graven & Co., Bellflower 3820699 11. George Aaloviahf, Norwalk 405,910.85 F1'tMsa (1) iieeently completed projects not listed, no financial statement included. (2) Bid stipulates under Schedule III a deduction of $3,000 under Schedule I and $3,000 under Schedule II if awarded both Schedules I and II. The Va? Valkenburgh bid of $329,935 is the lowest received on Schedule II and is revilar with the following exceptions: (a) The spaces provided on page A-13 of the proposal for listing recently completed projects has not been filled out. (b) The financial statement eallod for on page .1 -13 of the proposal is not attached to the bid. In view cof the long and successful oxperience of the Van Valkenburgh firm as a pipeline contractor and their excellent reputation in this area we feel that these minor irre„ularities should be waived. Our firm has designed and supervised the construction of numerous large pipeline projects which have boon constructed by the Van Valkenburgh firm and we have found their work to be entirely satisfactory. Therefore, we recommend that Schedule 11 be awarded to N. P. Van Valkenburgh Company in the amount of their low bid of $329,935 and that all other bids on Schedule Il be rejected. Respectfully submitted, JAMES M. MONTGOMERY oneulting Engineer Jtmses M. Montgomery JMIA:1s PW- VFJ7SE- DEPARTMEM INSTRUCTIONS TO DELIVERING EMPLOYEE a; DELIVER ONLY TO ADDRESSEE (2ft additional), CITY OF NEWPORT BEACH Newspaper MEETINGS - 2nd and 4th NEWPORT HARBOR ENSIGN Mondays.at 7:30 P.M. Published Thursdays CALENDAR BOND ELECTION CONTRACT ELECTION CONSOLIDATED March 29 Adopt resolution calling. (adjourned regular contract election. meeting) Adopt resolution of interest and necessity. (Read in full - 4 aye votes required,) Introduce ordinance calling bond election. (Read in full.) April 4 Publish notice of contract election. April 8 Adopt ordinance calling bond (regular meeting) election. (Read in full 4 aye votes required.) April 18 Publish notice of election officers an po l ng p aces for con rac e ec on. This is one y reference to ordinance caning election. day to mail sample ballots and polling place cards. April 18 and 25 Publish ordinance calling bond election. Also publish notice or —contract measure. May 8 lst day can apply for absentee ballot. , May 13 Later day to commence mailing polling place cards and sample ballots.` .- ly • i 1957 May 17 May 23 May 27 (regular meeting) May 28 June 3 June 4 (adjourned regular meeting) 2. Last day to complete mailing polling place cards and sample ballots. Last day can apply for absentee ballot. Adjourn to June 4. ELECTION DAY, Last day to receive absentee ballots. Canvass. • • INSTRUCTIONS FOR ELECTION PROCEEDINGS (A) As soon as possible following each meeting, send O'Melveny & Myers certified excerpts from the minutes showing heading, opening roll call, and all matters relat- ing to bond proceeding. Also send certified copy of any ordinance or resolution pertaining to the bond proceeding adopted at such meeting. In case of any action taken at an adjourned regular meeting, furnish certified excerpts from the minutes of the preceding regular meeting (and any intervening adjourned meeting) showing due adjourn- ment, so that the adjourned regular meeting can be traced back to a regular meeting. All adjournments should be to a stated hour and the minutes of each meeting should show the hour convened. (B) A copy of the ordinance calling the election should be furnished to the newspaper well in advance of first publication. Two copies of proof shall be sent to O'Melveny & Myers for checking prior to the firsppt ublica- tion. Send O'Melveny & Myers a newspaper cliing o t e drat publication of the ordinance immediately following its publication. Send a duplicate original of the affidavit of publication immediately following the final publication. (C) Polling place cards and sample ballots are required to be mailed. They may be sent out together (see schedule). (D) The person furnishing the election supplies should be instructed to submit rp oof on the ballot and on the polling place card to O'Melveny & Myers before the same are printed. (E) On the day after the election, the Clerk should inform O'Melveny & Myers by telephone of the unofficial results of the election, and also how many absentee ballots were issued, so that the canvass papers can be prepared. 10335 Srsnla ft i. 91d. • • ' / /r pp � dtMw 2 -0411 dop Jdn9e[at 25, l.aliAmr �//// /e c7 / qr -its 9.3793 1f /onE�omer� K. .ii9her A'Po.a.hd C.n9inearin9 & &-Ud q C'onf to ' December 26, 1957 Mr. Walter Charamza City Attorney City of Newport Beach 3300 Newport Beach Boulevard Newport Beach, California Subject: City of Newport Beach, California Specifications for Construction of Big Canyon Reservoir and Transmission Mains ( Second Edition ) Contract Dear Sir: We are transmitting herewith four executed sets of specifications along with the signed bonds and certificates of insurance. Will you please review the documents and return two signed sets as soon as possible. Very truly yours, MONTGOMERY ROSS FISHER, INC. B y � Herbert A. Lewis HAL /vg Enclosures IAN,. I'll. u luj i zcz-�) 1 1 7 W I N S T 0 N S T R E E T LOS ANGELES 13 TRINITY 9511 December 18, 1957 City of Newport Beach Atka; Misa bil Schroder. City Cie* CUT 14&11 t4wp*rt Beach, California Y() R ORDER NO 8399 OUR ORDER NO. 01304 SALESMAN -4AEajeffries 14(4 Printed Bond Register 3beete hand atsimped bond wAwbore and traturity dates I Bin"r to fit 152.50 D*Uvered above Sales Tax 4% 6.06 199.56 TERMS NET 30 DAYS ENGRAVINGS ARE MADE WITH THE EXPRESS CONDITION THAT THEY REMAIN IN THF POSSESSION Or THIS COMPANY, A SHORTAGE OR SURPLUS OF TEN PER CENT WILL BE CONSIDERED AS FILLING ANY ORDER. CUSTOMERS STOCK OR MERCHANDISE STORED OR LEFT WITH THIS COMPANY WILL BE HELD OR STORED ONLY AT CUSTOMERS RISK. CLAIMS MUST BE MADE WITHIN 5 DAYS AFTER RECEIPT OF GOODS. December 189 1957 REGISTERED Mrs. Ruby McFarland County Recorder Court House Santa Ana, California Dear Madam: Attached hereto are the followi g docrments for recordation: Original indenture dated December 18, 1957, by and between The Irvine Company and the City of Newport Beach; Certificate of acceptance signed by Dora 0. Hill, Mayor; and Certified copy of Resolution No. 4716, authorizing the execution of the above mentioned indenture. Very truly yours, Margery 8chrouder City Clerk - Treasurer MS:a Att. 0 • December 18, 1957 Mr. Roland A. Wright Assistant Vice President Bank of America National Trust and Savings Association 3444 Via Lido Newport Beach, California Dear Mr. Wright: The Council, at an adjourned meeting on December 16, 1957, designated the First National City Bank of New York as the fiscal agent in New York for the City of Newport Beach Water Bonds, 1957, and rescinded its prior action of designating the Empire Trust Company iri New York. A certified excerpt of the draft minutes of December 16, 1957s is attached hereto. Very truly yours, Margery Schrouder City Clerk - Treasurer MS :e Att. 0 CERTIFICATION OF EXCERPT FROM DRAFT MINUTES OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH DATE December 16, 1957 COUNCILMEN PRESENT Hart, Stoddard, Higbie, Ridderhof, Hill COUNCILMEN ABSENT Wilder, MacKay EXCERPT "On motion of Councilman Hart, seconded by Councilman Higbie and carried, the Council action taken on December 9, 1957, designating the Empire Trust Company as fiscal agent in New York for the City of Newport Beach Water Bonds, 1957, was rescinded, and the First National City Bank of New York was designated the fiscal agent in New York for the City of Newport Beach Water Bonds, 1957." STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS I. Margery Schrouder, City Clerk and ex- afficio Clerk of the City Council of the City of Newport Beach, California, hereby certify the foregoing to be a full, true and correct copy of the draft minute entry on record in this office. In Witness Whereo I have hereunto set my hand and seal this 18t day of cem er 1957. Margery Schrouder, City Clerk of the City of Newport Beach, Orange County, California 4 4 A Mc G R A W - H ILL P U 5L tC AT1014 an van 4kd IL. saw Yea Sk H.T. LONV a 4-M jkceWxr 16, 1957 0 -it- : . -, 0ur411 Of NevpOrt Leach .:nWpnrt Bewh^11f. Dear -Ar: Ovou yon give to t1w foumlog Istumetum for IN614b btlda WWO OPOO" "Dec.9, uwrmerred r*o&rftir,,BU Canyon Reservoir and vataremstris, levNirt Beach,calif. Tranmissior. Mainiiii, P, Van Valkenburgh Co. 'f?7 Chico El 4ante California $129,935 Yes Rasairwoul Pam of hest bldtlerI Mm*gmwzy Ross Fisher, Inc. AMromm of lowest bdMors 10635 Santa Mode& Boulevard I" too 25., California Auou* of bUt 4932�w lkw embeet bom smirilmOTes 16ve bUs bees "JosUA? am& Yom for yaw bolp to this matter. %wr trey 704"s &-u ct--C , note ftv", Himaw Dminess Xvis Department K It M 8 9 R A 9 C a A 9 P December 16, 1957 r;Q,. To: Honorable Mayor and Council - City of Newport Beach From; City Attorney Subject: Bids on Construction of Big Canyon Reservoir and Transmission Mains In the course of the examination of the bids submitted some questions arose as to the acceptability of the bids submitted by Montgomery Ross Fisher, Inc., Early and Delphia, and Macao Corp, on Schedule Z. After researching the ques- tion of law involved, I have arrived at these conclusions: (1) The bid submitted by Fisher, Inc. meets the minimum requirements of a bid and may be considered by the Council. The irregularities in the bid are not of such a nature that they may not be waived by the Council and the contract � warded if the Council decides that the bid and bidder are acceptable in all other respects. (2) The bid submitted by Macao Corporation does not qualify as a bid on either schedule alone and should be con- sidered as a bid only on both schedules combined. The reason t does not qualify as a bid on either schedule alone is because the bidder attached a condition by which he retained the power to decide whether or not he should be awarded the contract. The bid is, therefore, not responsive to the call forbids. On this subject McQuillin on Munici al orations states "The bid must be in such form ha :% acceptance will place a valid obligation on the bidder to enter into a f9rmal contract for the work; and after a bid has been properlyttub- mitted and opened, or after the time for receiving bids has expired, no material change in the terms of the bid can be made." (Volume 10, Sec. 29.65). This language is based upon a California Supreme Court case in which the Court stated "The offer or bid must be in such form as to be binding upon its acceptance . ." (Williams vs. Bergin, 129 Cal. 461). To qualify as a bid, the document submitted in response to a call for bids must be a definite, firm, irrevocable offer to enter into a contract if the award is made to the bidder. The bid by Macao Corporation does not meet this requirement except when considered a bid on both schedules combined. 9 • -2- December 16, 1957 3) The bid submitted by``Early and Delphia contains a substantial irregularity in that the proposal was not signed by John Delphia, one of the joint adventurers. It is probable that the other has the power to bind both in their dealing with third persons on a question of this kdnd, and an award to this bidder would probably be binding. QA a Walter W W. Charamsa WWC:ims City Attorney cc: City Manager Director of Public Works c1T: w lw+eaer Ban NO: S7 -WIS Tu :. MAWR ACID MT CDLWU nwS am IVMAM AND MLW Vo DUMC2ot 16. 1957 SCBJ=t: AMD OF CMUCtS MR DU CAROM 49BWOU AND UA1Sli1W= M US `Owd4eiora6 vpeo the Carodt•e eillinpaas to wive irraaetariela In the bid.af 1MepM! go" Heber 1ao.0 it is reeannmoded that ebe'City CotwiAI sword a eoaenee for die oftwaWtiea of us coup" aaear.- Lw (Scbadatr I it the sPemitioatisae)•to Hipegorsy Does limber. Inc. eed aeaid a emntrast for cmmstraatiea of. trawalsoum Malam (id:Nole U of do SpeeiHeatioms) to b. !. Ymm ielYarbnr� ce. DISCUSSUN: Me eoaoar is cbe OMCImrieae Meshed ti ?era M. I100110016027. tbn City's.Coosaltiga Sagiammr,.Is bte report to Cie City Ceenall dated 0oeeeber tl,, 1 #37. The reeoammodstios i. pmrthes band ore the oonclusiom renchod by the City Attmrma7 in btu usaerandnn to the City Coamcll dated December 160 19570 that the lrtwslarittas in the limber bid my be wives by.tbe Coaseil. In the espt that eL Ceitlell sbsnld decide met to naive irredeleritles in the limber bid and lathe tarty i Delphia bid, the nand low bidder for the entire project (Sebodoles 1 end 11) ismld be Msaee Corporation. . A eecomd altepmtiVe It the Ceumail dseldes Mot to wive irrejalari- ties in the limber and tatty 3 aalpbia bide and mat to mend the entire project to Masao Corperatieno would be to reject all bids an Sehedale 1 and readeareime sebedale I. . 0/ �- ram= snum city Messner. !abbe IWAs Director V JI±.3RW'i Me 14 0FTG0h E R Y Consulting engineer 535 East walnut street Paeadera. California December 13, 1957 CC��g \�: S o�se0s�j�y�+ Honorable City Council City of Newport Beach Newport Beach, California Attentions Mr, Robert Shelton, City Manager Gentlemen- The bids received and opened on December 90 1957 for the construction of Big Canyon Reservoir and Transmission Mains are summarised as follows- SCHEDULE I o BIG CANYON RESERVOIR Notes: (1) Stipulations All or none (Schedules I and II) (2) Unit prices improperly filled out; only two officers of corporation listedg financial statement dated November 30, 1956. (3) One member of joint venture, John Delphia. failed to sign proposal. (4) Bid contains a mistake in an extension; amount shown is corrected total. (5) Bid stipulates under Schedule III a deduction of $3,000 under Schedule I and $3,000 under Schedule II if awarded both Schedules I and II. EngineerPs Estimate $1,2D8 9520 1. Macco Corporation 9280402 (1) 2. Mont olizery Ross Fisher Inee Zoe Angeles 932,36G (2) . Fred J. Early Co., Inc. & John Delphia, (JV), Torrance 9440920 (3) 4, Stecker & Scott, Ray V. Anderson (JV), Sun Valley 977,347 (4) 5. R. R. Hensler, Inc,, Sun Valley 191110120 6. E. C. Young & Young & Arrietta, (JV), Sun Valley 101140063 7. T. M. Page & RCR Corp.e (JV)e Duarte 19118,138 (5) 8. S. A. Cummings Contr. Corp.0 Compton 1,1200322 9. Mapco Construction Co., Bellflower 101340000 10. Atwood Corp., Glendale 101490165 11. Cox Br ®there Construction Co., Stanton 102080836 12. Griffith Company, Loa Angeles 10261,710 Notes: (1) Stipulations All or none (Schedules I and II) (2) Unit prices improperly filled out; only two officers of corporation listedg financial statement dated November 30, 1956. (3) One member of joint venture, John Delphia. failed to sign proposal. (4) Bid contains a mistake in an extension; amount shown is corrected total. (5) Bid stipulates under Schedule III a deduction of $3,000 under Schedule I and $3,000 under Schedule II if awarded both Schedules I and II. 0 0 Honorable City Council Page 2 City of Newport Reach December 13, 1959 The above bids are discussed as follows: 1, Macao Corporation Although the Macao bid of $9289402 is the lowest received on Schedule I, the stipulation "All or none" eliminates this bid h %ec ee this firm was not low on Schedule I1, actually it was bidder on Schedule II. See par -.4 fe k 2. Montgomery Ross FlpLher, Inco The Fisher bid of $9320360 in second from low and Is regular with the following exceptions: (a) Unit Price Items Nos. 4 through 10 (Pages A�14 and A -13 of the bidding sheets) contain certain irregularities. In each space pivvided for quoting the unit price in words, the tot extended price is written. In each space provided for quoting the unit price in figures as dollars or fractions thereof, the use of the decimal point Is quite erratic. However, the intended unit price is apparent upon examination of the total extended . price for each item. \ (b) Only two officers of the corporation are listed on page A -13 of the proposal. It is understood that any California corporation has at least three officers. Although the financial statement called for on page A-13 of the proposal is attached, it is dated November 30, 1956, which might not reflect the current condition of the firm. The subcontractors listed.on page Aw13 of the proposal are as follows; Earthwork J. E. Riley and $one Reinforcing steel J. T. Ryerson Paving R. J. Noble Electrical Sutton and Frost Mechanical loves and Crail Fencing Cyclone Fence Co. Our firm has knowa the fisher organization for about three years. They were the contractors on a $520,000 reservoir and pumping station project built for the City of Beverly Hills. We designed and supervised construction of this project. Fisher's organization handled the job very well and the finished project was entirely satisfactory. Doves and Crail, whom Fisher has named • • Honorable City Council Page 3 City of Newport Beach December 13, 1957 3. as the mechanical subcontractor, did the mechanical work on the Beverly Hills project under a subcontract. Their work was equally satisfactory. Incidentally, Bovee and Crail have constructed a total of 11 pumping stations which we have designed, some of which were very large. On nine of these stations, Bovee & Crail were prime contractors. We have found their work to be excellent. We have had no direct contact with J. E. Riley and Sons and R. J. Noble, the subcontractors who have been named for the earthwork subcontract and paving subcontract, respectively. However, we have been informed that they both enjoy a very good reputation in this area. The Early bid of $9440920 is third from low and is regular in all respects except that the proposal was not signed by John Delphia or his representative. The bid bond was signed by R. H, Heitman acting under a special power of attorney for John Delphi& dated February 1, 1956 which was attached to the bid. 'Since the power of attorney is nearly two years old, there might be a question as to whether it is still valid. A financial statement of the Aarly firm only dated December 31, 1956, is attached and appears satisfactory, but since it is nearly one year old it might not reflect the firmvs current condition. No financial statement for John Delphia is attached. The subcontractors listed on page A -13 of the proposal are as follows.- Earthwork J. E. Riley and Some Reinforcing steel J. T. Ryerson Paving R. J. Noble Electrical Sutton and Frost Fencing Cyclone Fence Co. Masonry W. C. McGowan Although our firm has had no contact with the Early fir since 1948, we found their work at that time to be excellent. We understand their current reputation is equally good. except Honorabl9 City Council City of Newport Beach Page 4 December 13, 1957 The combination bid of Masco mould be $,1,30!„ 845 as compared to 41,307,282 for the combination of the Stocker bid and the Van 9alkenburgh bid. 'lhsrs- fore, if neither the Fisher or Early bid were accepteds then the Macao Corporation combination bid would be the next lowest combination. 'do feel the Fisher hid in the amount of $932,360 should be accepted unless there is some legal objection to sewing the irregular manner in which the bid was iiade out. In the event there is some legal objection to accepting the Fisher bid, then we feel the Early bid in the amount of 6944,920 should be accepted provided there is no legal objection to waiving the fact that neither John Delphic nor his representa- tive signod the joint venture proposal. In the event there is some legal objection to waiving the Irregularity in the Early bid, then we feel the Mesa, combination bid in the amount of Up304 ^5 should be aeoepted. 0 0 Honorable City Council City of Newport Beach SCHEDULE II m TRANSMISSION MAINS 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. Engineeres Estimate No P. Van Valkenburgh Co.. E1 Page 5 December 13, 1957 nooern we mangoia, unrarlo A. He Famularo Chas. J. Dorfman, Los Angeles T. Me Page & RCR Corp., Duarte BG9ee & Crall Constr. Co., Paramount J. S. Barrett, Inc., Santa Ana Long, Marker & Howley Constr. Co., Huntington Beach Macco Corp., Paramount - Graven & Co., Bellflower George Dakovich, Norwalk $x+22.578 339,080 357,350 362,4OO (2) 364,000 . 364,300 371,968 376,443 382,699 405,910,85 Hqt s (1) Recently completed projects not listed-, no financial statement included. (2) Bid stipulates under Schedule III a deduction of $3,000 raider Schedule I and $3,000 under Schedule II if awarded both Schedules I and II. The Van Valkenburgh bid of $329,935 is the lowest received on Schedule II and is regular with the following exceptions: (a) The spaces provided on page AL 13 of the proposal for listing recently completed projects has not been filled out. (b) The financial statement called for on page AA13 of the proposal is not attached to the bid. In view of the long and successful experience of the Van Valkenburgh firm as a pipeline contractor and their excellent reputation in this area we feel that these minor irregularities should be waived. Our firm has designed and supervised the construction of numerous large pipeline projects which have been constructed by the Van Valkenburgh firm and we have found their work to be entirely satisfactory, Therefore, we recommend that Schedule II be awarded to N. P. Van Valkenburgh Company in the amount of their low bid of $329,935 and that all other bids on Schedule I1 be rejected. Respectfully submitted, JAMES M. MONTGOMERY nsulting Engineer James M. Montgomery JMMs1s F p- in P CA ° N M ►•ff o: o F � � x• � M a � Q x 0 z i H �o aas 3 • r C; uuu °aa s.� U P N r q » r .o .o ..o ., w1 ., w1 w •� A. w .s NI N1 M M V V a 000�M��Sin b F NN NN N NON N NN NN o du ■ w d Uo U N U 1. • • Z yM • b U M M ul j o • r. • .1. D 00 q Q OOOOOON d� W Y w U U o D Lu� A aM a A ; 64 "" cuo 94 0. �mOaa q )'s a Z L. N M N .0...Ni W N N P P M N• O R O M P ].N. ` ViJ1 •� P Z o�N ,qr H 4 N N� Qr p. Q < s • • • O'q N " M • • My M E' p� q �n M M Tr M1 N N P N N q N . �+ P O '• O .+ �O �. W yr. a1qV N1 .a PNOgM NN �f ON w a.. .y ..g H N •P N .° .w z i H �o aas 3 • r C; uuu °aa s.� U P N r q » r .o .o ..o ., w1 ., w1 w •� A. w .s NI N1 M M V V a 000�M��Sin b F NN NN N NON N NN NN o du O U d Uo d U zu I b U ZIP ul j o • q M c o> Q 6 QM Q Q 0 I" W Y w U U o D Lu� A aM a A ; 64 "" cuo 94 0. �mOaa ► )'s a Z L. December 1E; 1957" City Council of the City port Beach Newport Beach. California Gentlemen: It has been brought to our attention that our bid an Schacht! 1 of Newport Beach Reservoir was slightly.irregular and that tUrs Is some question as to the intent of our proposal. It was our. intent to complete the bid form in such a manner that the Users in the amount column represented the product of.the quantity and unit nit prices for each item. The total, In 7the the amount column Is sum that we intended,to obtain for. the entire bid item. We he" that you took an our proposal as being slightly irregular and make the award to our firm as it represents a saving and serves the-beat interests of the City. Very truly yours, MONTGOUNRY ROSS IPMER, INC. 3) B) JAMES M. MONTGOMERY . -ALTING ENGINEER • 595 EAST WALNUT STREET . PASADENA, CALIFORNIA December 2�, 1957 gmry Ross usher, IM. 10335.8anta mien Boulevard Los twgelea 25, California Deer Stir. Fisher: The City of Newport Beach has requested that use, acting as its went, advise you that the City desires a letter from ym wining the, irregularities that exist in the tid which you submitted December 9, 1957 for Schedule I of the project for Construction at Big; Canyon Reservoir and Tranadesion fttss. T1* City,vishes to learn your intent with speeific,referenee to the figures gmted bier the Snit Price Item, Nos. 4,%Uft'ugh 10 (Pages A -14 and A -15 of the bid sheets ). The financial stator, mt submitted with your Proposal In dated November 30, 1956; therefore the. City is requesting thst you submit a current financial. stateeneut' for your corporation. It is requested that you lint, is addition to the president and secretary, other officers of your corporation. Your letter of explanation, to be addressed to the City Counail of Newport Beach, should be delivered no later than Friday, Deco -aver 13,.1957• Respectfull,Y, JAMS X�, MWOOMM Cone inBn A. C % e Rheautt ej cc: City of Newport Beach: Bert Webb, Director of Public W ks Robert Shelton, City Mare/ r. 10835 S.d. / /loniaa 16�� • • 4Jrade�iam 2 -0411 oCae -/dn9e Qe? 25, /i / �raniEe 9 -3793. ontgom.er� K. juher f��', ) 1 \a Ln�ineerin9 CJ ��taildin9 l.on Era�Eor n December 12, 1957 City Council of the City of Newport Beach a Newport Beach, �i California Gentlemen: It has been brought to our attention that our bid on Schedule 1 of Newport Beach Reservoir was slightly irregular and that there is some question as to the intent of our proposal. It was our intent to complete the bid form in such a manner that the figure in the amount column represented the product of the quantity and unit prices for each item. The total in the amount columnis the sum that we intended to obtain for the entire bid item. We hope that you look on our proposal as being slightly irregular and make the award to our firm as it represents a saving and serves the best interests of the City. Very truly yours, MONTGOMERY ROSS FISHER, INC. By Montgol By ti y xos�s/r 1 •e/N y CiL 4'a her Herbert A. Lewis, Vice- president r By � WilliazV. Schlidge, S •etary MRF /vg r _ .. E KENNETH LEVENTHAL a COMPANY CERTIFIED PUBLIC ACCOUNTANTS KENNETH LEVENTHAL LEONARD LEVY MARS.4IL H. COLE DENNIS G. HARKA'VY PAUL L KESTER IRVING B. KROLL City Council of the City o'? idewport Beach Tiew: ort Beach, California Geitlemen: iI: yro ID 635 SAN ?P. MONICA BOULEVARD LOS ANCELES 25,CALIFORNIA GRANITE B -0347 B RAOSIi AW 2.53se December 12, 1957 Se are currently engaged in making our annual audit of the com- bined operations of 14ontgomery Ross Fisher. The financial statements as of October 30, 1957, should be completed within the next two weeks. However, we have also mace a cursory review of the operations of MontE,o -mery Ross Fisher for the period idovember 30, 1956, to September 24, 1957. FIe enclose herewith a sur --many of major activities during this period. This schedule shows sales of 759 houses and an inventory of 12 unsold houses as of September 24+ 1957• Based upon interim audits of the various tracts performed durin; the year, and making a reason- able allowance ;or income taxes and overhead, it would appear that Ifir. Fisher's net worth has increased by approximately $250,000.00. However, since this is an estimate, not based upon a complete audit, we cannot express an -accountant's opinion as to the fairness of the amount. DGH : p 1 ,nc l.osur e yours very truly, I,;I'METH LEV- hTTTIiAL & COMPANY i A Cn 0 O -•� rhw • Mi M s w C' 0. t o •e s i n : R a r a o d if tz no .0100 ec a w o °c ,r+C, 00 no n p o , r•�•NNNr•N NNNNNNr•NNNNNN � i$ r r r +r r r r r r r J N N_ N ►` r p Np cp ♦Ma..p O• a•a.AAA�W yy W W►A�.�O i � s N ip W• r W r. P P P J Ot •• r N 'O 0 'v g Min g`a• S O K N •Y M 4 •1 N w to A a° 71 e► r r r a 0 • O r x yy G N J r r NO W NN 'M•OV�.Orw A• WJ 14 ` • • D` r A O J r P N • V� N �D 1P N W y • r s d � N r r P N 1 Q M M•OV�•Or W r W +1A +►�i' r to ~P NOOOOOO A w 000 wn Y g 9 I Si H jr . p. M g s � h w N D�LP�II� �6m... ....... .... ..............................: P. O. BOX 607 TELEPHONE TYLER 2 -2331 PATTERSON, CALIFORNIA December 11, 1957 VIR AI° TAIL City Attorney Cit=% Hall ewnort Reach, Calif. Dear Sir: I, JOHN DELPFIA the undersigned, hereby certify that the Power of Attorney appointing R. F. H ITMAN Attorney -in -fact, as attached to ':yid and the bond for the construction of Big Canyon Reservoir and Transmission Mains for Newport Beach, received Dec- ember 9, 195; was and is valid and currently in effect. Signed John Delphia v r. Sworn to before me this 11th day of December, 1957 Helen filcher, Notar,r Public County of Stanislaus State of California 1 %y Commission Expires Dee.P,1958 y�tLO C���P 1A�s . Ceble Addrm.- 6ANKAMERICA wank of Mntrira NATIONAL TRUITia "c "s °. ASSOCIATION NEWPORT BEACH RRAFCII • 3444 CIA LIDO • FEWPOBT BEACH, C.SLAFORN(A December 10, 1957 e 0 ,iss Margery Schroeder City Treasurer City of iiewport Beach Newport beach, California llear Miss Schrouder: rollowing our discussion today, it was evident that the Empire Trust Company, which you had named as paying agent for the city of New York on the water bonds 1957, is not one of the banks being generally used by Bank of America for the purpose of fiscal agent on bond issues in that city. We would, therefore, suggest that you have anew authorization made and passed to change to one of the banks generally used, of which First National City Bank of New York or Chase Manhattan National Bank would be the most Likely, as they are the la -Test and best known. .Sincerely yours, Roland A. :bight Assistant Vice President December 11, 1957 Mr. Roland A. Wright Assistant Vice President Bank of America National Trust and Savings Association 3444 Via Lido Newport Beach, California Dear Mr. Wright: In compliance with the requests contained in your letter dated December 6, 19579 I am enclosing the following: (1) A certified copy of an excerpt from the minutes of the Council meeting held December 9, 1957, regardf� the appointment of banks to serve as fieca agents in New York and Chicago; (2) A certified copy of Resolution No. 4705, authorizing the Mayor and City Clerk to execute the agreement with the Bank of America, dated November 12, 1957; (3) Three copies of the official statement giving particulars with reference to the City of Newport Beach Water Bonds, 1957; (4) Three copies of specimen bonds at the interest rates of 5 -1 /4X, 4%, 3 -3/4X9 and 3,90X. If there is additional information you need, please let me know. MS:e Very truly yours, Margery 5chrouder City Clerk - Treasurer 0 0 CERTIFICATION OF EXCERPT FROM DRAFT MINUTES OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH DATE December 9, 1957 COUNCILMEN PRESENT Hart, MacKay, Stoddard, Higbie, Ridderhof, Hill COUNCILMEN ABSENT Wilder EXCERPT "The Clerk read a letter from Roland A. Wright, Assistant Vice President of the Bank of America, addressed to the City Treasurer, recommending that the Council appoint as fiscal at for the Water Bonds, 1957, in New York, one of the following: Chemical Corn Exchange Bank, Empire Trust Company, First National City Bank, or Manufacturers' Trust Company; in Chicago, one of the following: Continental Illinois National Bank and Trust Company, City National Bank and Trust Company or Harris Trust and Savings Bank. On motion of Councilman Hart, seconded by Councilman Ridderhof and carried the Empire Trust Company in New York, and the Harris Trust and Savings Bank in Chicago, were designated as the fiscal agents for the City of Newport Beach Water Bonds, 1957." STATE OF CALIFORNIA SS COUNTY OF ORANGE I, Margery Schrouder, City Clerk and ex- officio Clerk of the City Council of the City of Newport Beach, California, hereby certify the foregoing to be a full, true and correct copy of the draft minute entry on record in this office. t Ihn Witness Whereof, I have hereunto set my hand and seal this ll day of December 1957. Margery Schrouder, City Clerk of the City of Newport Beach, Orange County, California Cable Addmee —B MERICA Mttit of ttiPtTtti NATIONAL ° ry c °s ASSOCIATION NEWPORT BEACH BRANCH • 3444 VIA LIDO • NEWPORT BEACH, CALIFORNIA December 9, 1957 r I_ Miss Margery Schrouder City Treasurer City of Newport Beach Newport Beach, California Dear Miss Schrouder: Pursuant to your request, we give you the names of the following banks whom we could recommend for you to appoint as paying agents for the "Water Bonds 1957° in New York and Chicago. For New York we would recommend Chemical Corn Ex- change Bank, Empire Trust Company, First National City Bank, or Manufacturer's Trust Company. In Chicago, we would recommend Continental Illinois National Bank and Trust Company, City National Bank and Trust Company, or Harris Trust and Savings Bank. Sincerely yours, Roland A, Wright Assistant Vice President RAW. j t .4 • C.bl. Ad&.,BANKAMERICA • Bank of ,�anedra NATIONAL S A V I N G SS ASSOCIATION NEWPORT BEACH BRANCH • 3444 VIA LIDO • NEWPORT BEACH, CALIFORNIA December 6, 1957 t' a;fat Ci1'1 �� "i isEA(:S CITY (J] n..,., Miss Margery Schrooder City Treasurer City of Newport Beach Newport Beach, California Dear Miss Schroadert Enclosed is an executed copy of the agreement appointing Bank of America as paying agent for the water bonds 1957. In order to com- plete the files in our Corporate Trust Department, and to set up the machinery for the paying of coupons and maturing bonds, we will need the following; 1. Your desire as to the bank to be appointed as fiscal agent in New York and Chicago. 2. Resolution authorizing the execution of the agreement. 3. Three copies of the official statement giving particulars with reference to your bonds, such as interest rates, maturity dates, and the amounts maturing each year, so that one copy will be available for Bank of America, and the bank in New York and in Chicago. !t. Specimen bonds of each interest rate in a sufficient quantity for each of the paying banks ;in other words, three each of the various bonds of different interest rates. - -' — "— We would appreciate these items at your earliest convenience, so that the arrangements in New York and Chicago can be set up and completed as soon as possible. RAW: jt Eno. Sincerely yours, --7 Roland A. Wright, Assistant Vice President November 29, 1957 Jeffries Ban'Knote Company 117 Winston Street Los Angeles 13, California Attention; Mr. Lawrence Jeffries Dear Mr. Jeffries: Enclosed please find ,proof which has been O.K.'d. Very truly yours, Margery Schrouder City Clerk - Treasurer MS :e Enc. JON N.O N E1EH1 SIOHET M.WALL 1, EU55El RICHARD C. BERGEN PAR ITT L.DUHN WILLIAM P. MARTIN J MES .BEEBE DEANE '1. JOHNSON PIERCE WOO" .1. LIXDMA. NOM ER I. MITCNELL JAMIOT C.GREENE t... 45TERLINGJP LLANw: ALSUP W LL B C PM1 EDWARD C.EPfUTE JP. MAYNARD J TOIL L DEGREE i. ELMEHOORF LAMBS „E,J WHOLGIYEBTBR00q,JR. IN EREOE CAH EO A p ILBE E. M ADRIANCS M x LL LSCD LAD EHM G T EDWARD B. MI m, R HEY POTTER D0HA .HODOHA ROBERT W LE O LA E C RDSON RU S Y ES G C P, R DU NG HO J E1 PD C P LES M1 MI LE EWNH T ON ED IH,CA55EL R U L C L RC'1RDR TJ0.5 CLYDE E RT, Y ORN.PLMER E ES M LA KJ ROBERT B. RUEGER E E R ETT OCLARY IGANS E,EOT E METTW PIEST L✓FM GMOORE AME$ E GNOSIS R CHARD E SRERNOOD E.HARLEYWALTHER THEODOR: X.NARfIN JAMES W. BEEBE BARTON B.BEEM1 RICHARD B.RAGIAMD CHARLES G. BANALY,JR. WARREN N.CHRISTOPHER RICHARD E.IGL ROY E.PORS .BRAOBDRY CLARK 0 LAW OFFICES OF O'M.E.L' ;jNY 6E MYE.RS 433 SoijTy.SPRING STREET 'LOB,fPNGELES 13 November .46th Mr. Robert Shelton city vAnager • .. . City Hall Newport Beach, Cwlifornft, Dear Mr. Shelton: T;r+eloned i oonne:ation with t is the bill for .o sera There may be s aburb telephone calls, eh wi; and when t n.':. matter. these by tb and t JWB%HS ` Hna1s. • x.w,oNmEHr lase -ISiI . �10,LOVIS W. NTERS WI MW. cu.T ���✓,� I y� HOLLYWOOD QyFiGE U91 AP5 A B I SEVARD V�e CABLE /.ODRE55 MOMS ar linal opinion ih. :sus.. Also enclosed rmection therewith, ts. utstanding,.;such as bided to the city it e to Nq with you on ails pveatly in thei :handling or r ellont 000peration and of Hiss largiry Schrouder cc - wine Margery schrouder 0 0 LAW OFFICES OF O M ELVENY & MYERS 433 SOUTH SPRING STREET LOS ANGELES 13 CITY OF NEWPORT BEACH November WATER BONDS, 1957 15th 1 9 5 7 FINAL OPINION Security -First National Bank of Los Angeles and Associates Gentlemen: IN REPLY REFER TO B -3956 Pursuant to request we have examined certified copies of proceedings taken for the issuance of bonds of the City of Newport Beach, California, in the amount of $1,780,000 and sale to you of said bonds. We have also examined supplementary documents furnished us and executed bonds Nos. 350, 1,190, 1,405 and 1,780 of said issue. Said bonds are designated "Water Bonds, 1957," and consist of one thousand seven hundred eighty bonds, numbered 1 to 1,780, both inclusive, of the denomination of $1,000 each, dated November 1, 1957, bear interest at the rate of 5 -1/4% per annum on bonds maturing in the years 1958 to 1962, both inclusive, at the rate of 4% per annum on bonds maturing in the years 1963 to 1968, both inclusive, at the rate of 3 -3/4% per annum on bonds maturing in the years 1969 to 1974, both inclusive, at the rate of 3.90% per annum on bonds maturing in the years 1975 to 1977, both inclusive, and at the rate of 4% per annum on bonds maturing in the years 1978 to 1982, both inclusive, all interest payable annually for the first year and semiannually thereafter, and mature in consecutive numerical order $70,000 on November 1 in each of the years 1958 to 1976, both inclu- sive, and $75,000 on November 1 in each of the years 1977 to 1982, both inclusive. From this examination we are of the opinion that the proceedings have been taken in accordance with the laws and Constitution of the State of California and the charter of said city, and that said bonds, having been issued in duly authorized form and executed by the proper officials and delivered to and paid for by you, consti- tute the legal and binding obligations of said city and are payable, both principal and interest, from ad valorem taxes which may be levied without limitation as to rate or amount upon all of the taxable real property in said city and which, under the laws now in force, may be levied without limitation as to rate or amount upon all taxable personal property, except certain classes thereof, in said city. Respectfully submitted, • AFFIDAVIT OF PUBLICATION STATE OF CALIFORNIA, County of Orange, EN RED-DICK of'the said County, being duly sworn, deposes and says: THAT ............he is and at all times here mentioned was a citizen, of the United States, over the age of eighteen years, and that ............... he is not a party to, nor interested in the above entitled matter: that .... ..... ...... he is the * ............._ -- .... . printer of the Newport Harbor News Press, a newspaper of general circulation, printed and published in the City of Newport Beach, County of Orange, and which newspaper has been adjudged a newspaper of general cir- culation by the Superior Court of the County of Orange, State of California, under date of October 22, 1954, Case Number A 24831;, that the notice, of which the annexed is a printed copy, has been published in each regular and entire issue of said newspaper and not in any supplement thereof on the following dates, to -wit: November 15, 22, all in the year 19...57 *Printer Foreman of the Printer or Principal Clerk of the Printer. Subscribed and Sworn to before me this ... ........ .... - 22nd November 57 ........ .. ..... -.day of ..__........... .... _ >......,............... ........ 19............. (SEAL) Notary Public in and for said County and State. My Commission Expires ...... ............................... November 17._. 19..59........ 1619 • This space is for the County Clerk's Filing Stamp Affidavit of Publication of Paste clipping of Notice SECURELY In This Space City of Neil port. Beach; California EANVITING Bibs.. '* . 1 1 in the -Oty Hall, Neu port "`8$'e'W `�Ifh a-' ujy��p o'clock p m.; Orr December 9. 1907 toy construction of a 806 --�gop -foot un- covered r e g e r v o i r and pn i t nanacs and re{te'r��•transmission mains. The auto of lire. re:-crvmr s loila foci ni uiijAcorpo ated area 'ia,.Orange County. The transmission lines mffl '. be located partly in, 'unirtcorpotate:d :,:ra nod pa i' v 1 -Ithin t ^ CI$y. of Newport Beaefi'.' . The .work i f oni r r l in fan JeBedule f un T.fz a E i0 acfr foct unto ered .%etervo'^ and iappurtenance. She punc,i.l ,toms of mchrde 673400 cubic .'Yards.. of, re sic .:r e >r a lion, 7118 U" 6 cubic arcs =lgf� compacted baokfill,, 1500 rubir va.ros of concue e 1.',,600 s<ivare Lest of 213 -inch thick gunite, 1,0S4.500 square feet of 3 -inch thick asplj8ltic concrete pavement„ conercte control 'oiiild;nrr having an arc@` of approxi- mately :;;000 srmre feet, carport,' one vertical mL;ed flow pump, three snka.11 ccn(.rpup;al boorLei 'pumps, one eng!ne- driven pump, one f4fending,, , inatp} =, cue 42 -inch and one: mw*e dvrn tour chlof -in propeilq: -Ic le mete:' he sting.eipdpment, valves, piping, suiting. and . electrical work. - '`_h• dole II includes 13,84.1 linear feet of 30 -inch and 1,803. Itrt aIF pet of r3 -inch ,l i cylrroe: concrete pipeline or as an alto a mot-for he'd and coated stag pipelines, together With app , ant wmli. all r rlerin.ls are in be furnished by the Cgrl tradtOl9iA•$idder may bide on individual gchednles of on both. aehedtft8 36,0,o bination t 2At( -tti shall be cmi plated by Mardi 15 1959, alLhough cer- �tairt pv@rtio f the trans rf:::,eion ma.nn shall be completes by June. ';be proposals will `be puhlicly opened and read in the Council CharWbers Jibe City on theyclale and at the time above - mentioned. Ylani and specifications and't.all contract documents may be ob- tAine@ -at the above - mentioned' office of the City, or at the office of James M. 1\4oitgomery, Consulting Engineer, 535. East R'alnut 9tr6t, Pasadena,. upon pa}'inent of a deposit of twenty -five dollars ( A,0) for each specification and act of accompanying: dram ings. deposit will be refunded upon return of the specifications and swings in good condition'within 30 days after the proposals are ened: Reduced prints of the original drawings are bound in a paste volume adcompanying the specifications. The scale of the duced drawings is'about one -half the origi* scale. If.full scale %drawings are desired :for estimating purposes, they may be par. ased'..at. reproductiofi cost from James M. Montgomery, Consult - fig Engineer, of the " -piton mentioned address. The specification -is 41 Utled: CONSTRU6fhR� O BIG CANYON RESERVOIR AND TRANSMISSION MAID - �.' Each proposal must -. *. Accompar ied by a certified or cashier's check or bid bond in the athount of ten percent (10%) of the es- '- timated aggregate amount of the bi &'as a_guaranty that the bidder, 'if the award is made to him in accordance with the terms of his `:proposal, will promptly, secure workmen's compensation insurance, execute a contract in the rpquired form and furnish satisfactory .bonds for the faithful perfo4ance of the contract and for the pay- ment of claims of material* and laborers thereunder. Said faith- fulperformance bond shall't�e in the sum of tit less than fifty percent. (50'76) of the estimated aggregate amount . of the payments to be made under the contract, computed on the basis of the price ebtated. in the proposal. 'Thi bond for mateiialmen and laborers t shall be in the same sum [pE;}'equired for said faithful performance! bond, A bidder must submiNvith his bW, a statement of his ex- perience and financial co ton, Failure to comply with this 're -� quuement will render a bi -lnfoimal agg, shall be, sufficient cause:: for rejection, Pursuant to the provisions of Articles I and &-of Chapter 1, 1 --Part 7, Division II of the Labor Code of the State of- California, not .less than the general prevailing rate of per diem wages and not ;less!th2n the general prevailing rate of per diem wages for legal iholidays` and overtime work, for each o'aft m• type of workman ceded to execute the, work contemplated under the Agreement, io ascertained by and set for Lli itutheschedule of such wages speci- ally hereinafter set forth and adopted by the C* of Newport ch, shall be paid to all workmen employed orizi,isaid work; by .te Contractor or by any sub - contractor doing or contracting toi part of said work, which schedule, of wage rates is as! RATE .PER HOUR .................. ..__. .... ............................. :... ..... ,. .... ..... $3.225 ............................................... ............................... 3.425 ............................................... ............................... 3.305 lei Saw Opera.tor ............... ............................... 3.325 SONS ' aeon....................................... ............................... 3.15 oor Finishing Machine Operator ................:. 3.40 raan.:: .......................... ,.................. . ....... .......... .............. " 2.75 de Man and Rod man ................. ............................... 3.05 4.78 Laborers General of Construction ......... ............. 2.50 irsijano, Tenders of Pneumatic and Electric 3.15 Vibrating- machines, and similar rn chani- ' ` °" "cal toofatnot separately classified- herein ............ 2.71 4i. Buggyptubile Man .:: ...... ........... ........................ .................. 2.71 Cerriig&- Dumper (on'l Yd. or larger mixers and 4.20 handling bulk cement). ...... : ..... ___ ........ ------------- 2.71 Concrete Curer - Impirvions-Membrane _4 .............. 2.69 Watchman....................... ............ : ...... ......... . . . ......... 2,30 Asphalt Raker, Ironer and Spreader . ........................ 2,71 OPERATING ENGINEERS 2.63 A-Frame or Winch Truck Operator .............................. 3,19 Air Compressor, Pump or Generator Operator .......... 2.74 Apprentice Engineer and Oiler . -_ ... _ .... ................... 2.74 :Concrete Mixer Operator - Skip Type ... .................. ... 2.96 Equipment Greaser ............ _ ................. . ------- * ------------------ 2:96 Heavy Duty: Repairman ............... ......... _ .. .............. _ 3.47 Heavy Duty Repairrnan's Helper ........ ................ 2.74 Material Loader or Conveyor Operator .. .... __ .... ____ 2.96 Motor Patrol Operator, Including any Type of Power 3.01 Blade- ........................................ ......... 3.56 Roller Operator ........... -, __ .... ................. ......... ........ ... 3.29 -Skiploader - Wheel Type (Without Diagtvpe At- 2.69 tachments) ... .... ..... ....... _ .... ............. ........ __ 2.96 Tractor Operator - Bulldozer, Tamper, Scraper, Drag- 2.96 type Shovel or Similar Type , ..... .............. ... __ 3.47 Tractor Operator - Sornper or Dragtype 'Shovel 2.74 Tandem.......... ..... . - ...... .......... __ ................. -------- ... 3.56 Brush........ t.... .................. ............... ............ . ............... 2.90 Spray or Sandblaster -.1-1 ... ... ... ...... ........................... 3.15 PLUMBERS AND FITTERS Journeyman (Pipeline) ......... _ ............ __ . ............. ---------- 3.825 Lead Burning Journeyman .................. ........ 3.675 Foreman (Pipeline) ..... __ ...... __ ......... ..... ...... ................. 4.20 Plumbei Utility Pipeline - 3aurneymaii ... ..................... 3,55 Probationary Apprentice fl-lelper) ?Pipeline) ........ ...i 2.55 TRUCK DRIVERS Drivers of Dump Trucks of: Less than 4 Yds: Water Level ... .......... - ............ ...... 2.63 4 'ids. but less than 8 Yds. Water Level ............ 2.66 8 Yds. but less than 12 Yds. Water bevel .......... 2.71, Drivers of Trucks Legal PavJoad Capacity'. Less than 6 Tons ........ ....... . . ..... 2.63 6 Tons to 10 Tons ............................. ............ 2.66. 10 Tons to 15 Tons ..... . ............. ... .. ................ 2.71. Drivers of Dumpster Trucks ....... ............... . ..... 1. i .... : . ......... 3.01 Drivers of Transit - 'Mix Trucks - Urwleri3 Yds..., 2.87 Drivers of Transit - Mix Trucks - 3 Ydj, or more-..-: 3.01 -DumPcrete Truck, less than 611'a Yd. Water Level'._!. 2.87 bumperete Truck, 6 ii Yds. water Level or Over 3.01 Water Truck Driver - Under 2500 Gals . ....... : ........ 2.69 ..Water.Truck Driver - 2500 Gals. -0 4000 Gala;'.._:..._' 2.81 Truck Greases and Tiien)an ........ - ........ ........ ............ 2.96 Truck Repairman .-., ....... . . I ........ ...... .............. ........... ......... . 3.47 Truck VbpairmaA 14elper, ......... ____ .............................. 2.74 All. others shall be paid at the prevailing wage irates*paid inthe County of Orange overtime applicable to each classification shall be paid at the Prevailing overtime rate in the Comity of Orange; The fore-: going schedule of hourly wage rates is based on ,a working day Of eight (8) hours. The ,tuxzly wage rates prescribed herein above are the. P.er diern rates divi(jed by the aforementioned number cf hours it It b2 •z::::dawry upon the Co•. :larto: 1s awarded and 'upon an y lllbc*-- t:wuol h i, not less than the spocified rate to a:i al),iais, vlwli mca and mechanics employed by tnein hl the eNKI:- ;ion Of the conuac, The UL , , reserves the right to reject anly or bi4s,to wain :%l, informality- in a 1)1;!. and to make an i,wR:J as the interests, i4 :are City naay ieGUifr.. 'rldS notice is glen b�' OldC,. OC the CIL.p of the City 0h' -Ne"mort lleacn• Cl ldorllla. CITY OF NEWPORT PEACH, GAWYORNIA MAROZRY SCBROUDER, City Clerk 0 CITY OF NEWPORT BEACH WATER BONDS, 1957 L <W C:PICES G- O M ELVENY & MYERS n33 SOUTH SPRING STREET LOS ANGELES 13 November 15th 1 9 5 7 FINAL OPINION Security -First National Bank of Los Angeles and Associates Gentlemen: 1'N REPLY REFER TO Pursuant to request we have examined certified copies of proceedings taken for the issuance of bonds of the City of Newport Beach, California, in the amount of $1,780,000 and sale to you of said bonds. We have also examined supplementary documents furnished us and executed bonds Nos. 350, 1,190, 1,405 and 1,780 of said issue. Said bonds are designated "Water Bonds, 1957," and consist of one thousand seven hundred eighty bonds, numbered 1 to 1,780, both inclusive, of the denomination of $1,000 each, dated November 1, 1957, bear interest at the rate of 5 -1/4% per annum on bonds maturing in the years 1958 to 1962, both inclusive, at the rate of 4% per annum on bonds maturing in the years 1963 to 1968, both inclusive, at the rate of 3 -3/4% per annum on bonds maturing in the years 1969 to 1974, both inclusive, at the rate of 3.90% per annum on bonds maturing in the years 1975 to 1977, both inclusive, and at the rate of 4% per annum on bonds maturing in the years 1978 to 1982, both inclusive, all interest payable annually for the first year and semiannually thereafter, and mature in consecutive numerical order $70,000 on November 1 in each of the years 1958 to 1976, both inclu- sive, and $75,000 on November 1 in each of the years 1.977 to 1982, both inclusive. From this examination we are of the opinion that the proceedings have been taken in accordance with the laws and Constitution of the State of California and the charter of said city, and that said bonds, having been issued in duly authorized form and executed by the proper officials and delivered to and paid for by you, consti- tute the legal and binding obligations of said city and are payable,, both principal and interest, from ad valorem taxes which may be levied without limitation as to rate or amount upon all of the taxable real property in said city and which, under the laws now in force, may be levied without limitation as to rate or amount upon all taxable personal property, except certain classes thereof, in said city, Respectfully submitted, �� n � - t om ( , � \v �W nF -i CN • � � 4rvE`. EELCE OEILV +H +JO:�nv ^': " a i.G'xN in4 -Al OF GIC ES OG _ E O MELVENY & MYERS ? E� �.iS�l, _ CfpxEnJOF� - JwcsGr.:a.r¢.J,: awa .xESieawG,;s, 433 SOUTH SPRING STREET -- LOS ANGELES HOLLYWOOD OFFICE +pawr:i<a *-N -. -''e 13 6020 SUNSET QOULEI' RO = - wp1 i LOS qN GE'_Eo rv.r.pEn uOWaP W 5 w' C E C CAELE October 24th :.uE:i x'. aRE >i S.::PCSE :vllV av; „v_pP= Y:Cwe G:: F,]•:PV.. -i3:. 1 9 5 7 -uEE r... our Ea rwm_oz mw.4rm IN REPLY REFER TO RES'.+.eEEee 'e <Rroxo =E V. nv.4 a.v axp R�iaa£N -y5-n:.Ei G::t`.F:v;Ji. w v.G 9a:ii�P -ER B-3956 Ro.E aoi:E Y.eR.�eyy> 4L.R. NEWPORT BEACH WATER BONDS, 1957 Miss Margery Schrouder City Clerk City Hall Newport Beach, California Dear Miss Schrouder: Thank you for your letter of October 23rd. Enclosed is a certificate to be completed, executed and returned to us. It is permissible to deliver the bonds on November 15, 1957. Cordially yours, James 'INI . Beebe J!WB : HS Encl. .. T 0 STATE OF CALIFORNIA, S ss. County of Orange 1 I Wm. WineSka being first duly sworn, and on oath depose and say that am theAvertiei ng Mgr. of the Costa Mesa Globe - Herald, a weekly newspaper printed and published in the City of Costa Mesa, County of Orange, State of California, and that a Notice of Resolution Number V02 (Newport Beach Calif) , of which copy attached hereto is a true and complete copy, was printed and published in the regular issue(s) of said newspaper for 2 consecutive weeks: to -wit the issue(s) of NevPmbQr A lss`L November 15 _ — 195-_. 195__- 195— (signed) Subscribed and sworn to before me this,.A_.—._. —day of ✓IY'it,l11G(,f1i� _, 195 ., Notary Public in and for the County of Orange, State of California. LEGAL NoyjCj u t5 GAE AND Gil,. there 1s . stole Palticula t, Said lehitbnv being aaa hEreheafter described; VYII;A Y;AS. It wbpt¢ Abe for the best• I[Y "L'o or the City ot. Newport Beach '0^ lilf" s that rerr t and 'saitl CItY Anne, said l \'h LNI! lith 17, cel'Igie Prorypn, h[ slid on or m tlnIhe tlgv of Octpber, 19_7 ahRe 1 sb O[ L'ounke Aouadar, u [,on- lot Ill Berl d of nesrriphi and plat o[' the {OI' ,l eS`(t+hed 4nlpnablled tet'ritol:•' of ; re➢ort pursuant to fM1 th.. ion 31002 Gm'ere Pmrl.aipns Of State °1 the nadne[ othel +29rdia. and Cone Umre x'ys fifelt p'i[h tlay of October.' +f life yip +?( New ➢old Beach CRY Clerk a r nee. Ilount5' Bouotlara report of L+ L0 "hf Ip the ➢rovi3ionE of gm,,," I +`= Ill III Cotle of ertion a "th'nla: and the state .bnq'• 1`H F,RF.DII I, HE 1T AESOLVa:u, IOi If, �'bY [hala[be' O! the {,yty. of Na,x a,ia cortices be f011ota 8 daelat'alio^a y r made 11 u...:s ha elbeen nECLARED. that pro• Reach t initiated hY the L'.ii;; of l'or, "o::der descrrhetl�whiche Said tern[orY' to "��fv:Igll antl wp Ch sae {apt boputlariesnaf n �r; letl within th 9 lerrltory I;au IS Vnin a nieanmg Of {Ile An. 4eNateabIf�I T°rtalatY' Act of .aL+ :+:>neeation the I e to best arp.t4rat a3 bolllilOnIt for cote esta of he tar a ntl IItiftwi r�54y of Neepon •bid te,,hc 11y� !aid 0111 dn. - NOTICE IS ! FREryy�C1(rEAy that it Ixt pl nvosetl b -aid t ! sea ch Io annex Salg �Of Ne,,,, tcl'rir;a'y !o -aid O r desrrilaed 1( 1 ir• 16ese proae�f�Id'Aorraa,, i 'lamboken Road' Ann the name it,, eeannpton ot'tae -b [err fury's sped. talked h PMPO6ed to t5es !rein n4i'keld need a at. ns +afnrene, m�gt$ a A =', and �L e'PRE.R �JOIS hereof; In,, to Stondey, {yy¢¢ su,d A4SHEBY IVE:N tlay.. ^at the hltpF p(' ° Of December. tt{{Sn�1'�-.P.m. me0' he aae and ei°`+ff he COQditAall thb'metler pity' gall Of "`4AF Chamb¢It of Reach, f� ria_es[ Ileuplj 1,,f. NS{sa'PO�t terrilmt Vy w'Imfp ( ondariea� an" desmibod, each POSed toeb�e anbea.� Af the May .fin L'`u 1ei Ann t'onRaor And on tt to oe ed.. ttbry on ;,ttpfFF: bd-baan -_ rile and reelr d fORrO 6nsAratio, w'es duly ft,141� ., a meetta$.°f the 'f" /' �OY adeat at ex'pnrt Reach had! l�f2the City nl Ucmbeq 1957. by Lb followl, - — *day y :z; 5. coL,,.. gvrita, W. >I avhtp', \f.11,11 V'.N; 1{an Wilder. \LOIF"' CO V CI LAIrN1e, Ridderh°f, Hit, - Arh,',rd�pp :: flora � uql 's >In „nr,it r<I rnn ♦.v.ves .:L 111+1I11y nl d lkliilt In II+e. G° ell, WoC6 .11isrel 5pbtlivisionnau'n apnir n a6. ne;dnmus Recort na ^[enanlcr( I I Hfomla• tllsfant ' of O"l"Re VI,le” aom.hu'e.Elerly thereon ',7115 fQ1. corner of from the most e.1 f , Ahrt'k ,h¢ south one- 9narlor , ianf 51, ,, I' point Is also a Point the bet+ntlarl line Of the CITY of A'c:t'Pn:: m thence some 19 ;: �M1e .e sloth X50 ltld Oa O10 1, 25 . b nn east .lees a3 nos: t'Yaalerly on a like parallel [a q,,k,,er a[ line of Paid spll(h f:le [YYI In Bi ^Cll 51 a diatanCQ OI 6jq'(1 Jalnhoree Paint in the center Road. loll' in w'idf, line of �e e:lhe 32 aisleo Sena 34 nllnates 42 seaohpc i9 the ce f 50. he soatheaslealy Ri loaf WO a Point -long ,)5 q osouthe Ilan 8 hence bpafner line and. alan aate,I, Right of µla, �^ "eSt M1AVip 4 a. Ckrv, CI,C3Ye In the a Ilse S a ratlius of 1,250 feet I n inutey boat the l.uth Or 0 A11 a ?t "'chimed coons west at s.pid i;:,; Point, t la, ltl'LI[ \,e Cp /n,'1,i 9h9il�nIran$t [fIC a[CCnnd, ' de¢;cec 9n feet. thence soulhai said orinules 11 second di.ala ` ^'lutheasterty Right s west al,,I; It I n0e °f 4,511.14 feet W the WaY line tv Eat ten8ent Curve, a beEinni,. and having a concave to the nnrl'. thence southerly adfus of 1,289 along said along said That: line in mu 'SOntheasterl 'curve and 34 minutesh a canEral angle AOf 26 dc W „v ,5'9 . 2 leet; 54 seeantla n qrc grew': thence eaulh 50 d +stance h, minyres 08 see°nds west alon glue[ 'stern d° of Rigbt of Way tin 8 sa d '6F, y3 feet to the b. In, Ipdmm., enl Cl'R'a.. Cpn C81 =e to eft, th, 1dR- 'na a adios Of 1,1.50 .feet+ [ .east ha.. aio4K said southeaslerl ence South. lynt bhe and along, eafd cttryY Rfaht of ntl Of 23 a throub' 12 s Innd, an arc dK,".¢50p a ;, Ilna iOplhP lben Ce so °thx'eaterly a fi is lerl.Y Reht Of Wa a1on4 ro th 8 24 minat,a 35 I e rnblh hat PO ht of in[¢reeelipp6eCnnd we;t fe t Pallel in, and with I ne m)au ...... �t bat rf8ht distant 2,320 e Of ' angle . from Ina I rrille'� Snbdi;isfon: they,! sou h 1. 'sale r0 to, .said last mend t exatcr r +,lyPoe eimf 'title "withP the asootnae h. Brack hart AlocA In6altd° the aid SmIIhngsteY1eBArlyellne n/ 'eaerfY ]ire ot intersection with the fe01. in h dm IaCAnhur B15d.. Irq I'ot'Uxd Ip as d¢ser!had in deed Records B °Ilk ! I.., pall! 5571 Otflcial aortnarly P{ said ol'a0ge Co nIV' [henry 11 s tnu along ' +aid a0;Wrb •like e I On BeM1p (0 Ibe point pf nl jinn wllh norlheas titer' Aln+ O( the splllheact e "I,vter in- t I v'hlch Point v °f pp t a i4e Pro Iat also in Iha ut 1 In . id l:it Acacia ,Sp'e6t !IIQII(e 6Plltllit'CBlerl \r 81pn egslpr'! N pf NawPOtY 8eaehr .Y l +IblonRatfan 8 as id. nnr116 easfmdy lire Of Blnnk aid nail! savtll. 'end•rlir earner df Ibe a0lha 4he mmq. of fllnek 51. tvhlch ,none one.9 "wr +nr a ° "ur`e in the binlnda ry Of is a:.e trga Annes: thence said .Scar -q 'eilp Yi.\' a poi. Said sDll[hQ llnning •pWh. esta,,, line aid nbnndal line P[ . I tai Heacll to the Cin be II,. .: _s. 3 . W i #. t f. STATE OF CALIFORNIA County of Orange T ss. I Who Wineska being first duly sworn, and on oath depose and say that I am thelltivertieing r. i Tri of the Costa Mesa Globe- Herald, aeekly newspaper printed and published in the City of Costa Mesa, County of Orange, State of California, and that a Notice of_ 3A"ISAi= NMMbei_ Arf 2 (Newoort Beach Calif) , of which copy attached hereto is a true and complete copy, was printed and published in the regular issue(s) of said newspaper for— consecutive weeks: to -wit the issue(s) of November R __. 1957._ November 15 _ -_ 1ssE 1ss_ 195-- - 195 (signed) _. -.- Subscribed and sworn to before me this_.L%1 _ ,__day of 1411h - -- Notary Public in and for the County of Orange, State of California. LEGAL NOTICE -.1 fLl Tl )S OF INTENTT0N TO A.N. N'1N CERTAIN PROPERTY TO p,, CITY OF NEWPORT BEACH AND GIV- ING NOTICE : THEREOF. WHEREAS, there is shosted outside and wnte uoua to the City of Newport Beach. a cena!n ndinh whited territory within Ne mean:pg If the Allnexatlon of Uninhabited Ter 110:5' Act of i939, said territory being in., parC.en laity h- remaffer described: antl \S PF.RFAS, ft would be for the best oiler= -(s for the Cily of Newport Beach and ha clLaens that Said Cite annex said . terrifurv: and WH REAS. certain Proponents .did on or sSo t the 1711, day of October. 19-57, Sub. it ;n the Orange County Boundary Com. . misrnn a legal description and plat of Me De e n to described uninhabited to rifer.Y t report poignant to the provisions Of A (ton 350fer of the Governmem Code i of ❑.e State of C Iflornis: and "H!:E LAS, on the 23rd day of October, '9J7 ue a mus filed w'itb Ne City Clerk o' t1 t if Newport Beach A report of said gragye Count.Y Boundary Commis - 'nn ! rat ri to On provisions of Section lie Government Code of the State of ( zlliftlrOial and Nltl TIIFRF.I'OP.E, BE IT RESOLVED. hr V s City Council of the City of New - Pelt I each that the following. decl ... Him, and a „tics -s be nail¢ and given: ' IS HEREBY DECLARED, that ,tsw eeod s h e been mCatetl by the Oilyy o sellout Beach to nnex !lie said to rRRr>� ere." rte described, which said territory. a Yon „tons tq !lie present boundaries of. +1 ,nil xnich said territory is iiah IeC wtNm it's meaning of the A1t- IA., I•. s f Coinhabiled Territory Act of "Id declare that the reaeoas for `aid a tim, are that it would be fpf I the best mteresis of the City of be Beach antl AS citizens that said City an- nex eyge� to iwil. j-NOTICE IS HEREBY GIVEN that . it jis Propoaa(Inbv said City of Newport Hearn to attack -,lid hereinafter 4tegcribed territory to said City, whlep-eAW—territory hall n these . proceedr p the name 1 of .I mb0, I Road sone!- I n sctapBan of the se of tae territory so proposed ndexe is it p lain etl hereto, marks tbit A r and Uy reference site -Se.m.. E11 FR NOTICE E9 $EMERY GR'FN' that on Monday, the 23rd'�p f December. 1957. at ills hour of Tau/'1�Sm. do said day, IT as soon lhereatter�����pg 'the matter mar he heard in the CouncN'Chambers of Ne it All of the of Newport Beach 3300 ]Vest Se girt Rrytl..'pew'Pmt Beach Cal fo nia, a beeppj�0ygI�will de had at win h hearing any DeAliftown mg airy real property within the ,bbttedo ins of the territory' so proposed tO be annexed herecl deseribed eaay appear and object to the proposed ch mannel.Bon and show cause .ehc su'M1. lei ritory should not be ad .n- neiM. The above and foreg., xaolutlon wex d.ly a d re¢ularly pas snd adopted at meet ng of the City Comber, of the C)ty If \export Beach held on';'the 28th day If October, 1957, by the Following -sot., tn� Oil: .AYES COUNCILMEN: Hart. Wilder. 'daoha 4tod lard, H Rbie. Ridderho(. Hi!1 NOFa, CQUNCTUIENo None AHtFNT COUNCILMEN: None ode. t It Ale• lima t1 11 i!I - 1.1:51 P.111SEF. 110AU 411el n'pinnin :I:NHiBIT g PP t .n le r - I >' Iue Of 'talk 51 as sho, upon a reap of ]ry ne s Su hdivision rel.,ded in M'scellannums Record Map Book 1. Pace 88 Official - Record. of Orange Count::, California. distant thereon 3]7.65 Amt southwesterly from in e most easier, corner of the south one - quarter of oal g Bieck 51, Koch Point is al o a Point in !ia boundan Irne of lint City of \oint o H ch as sa a existed on Octb r I:, 9.7; thence south 50 degrees 09: to inu!i¢ 2 Seconds east . on a line p cartel to Cm Neasterly line of saitl south one quarter Of Block 51 is distance er 670.11 test to a Point In the center line of Janrboivle Road, IM, in width: thence rtii 82 degrees 34 minutes 42 second, e sL a distance of 50.00 feet to a point in the abool Right of war line n( . ,aid Ja d roe Road' thence. sou Nerly. loop said soma curve, R ght ! Nos line. and along a CUI f Concave to erta cst having a radius of 1250 feel tangent m a line beacon south OT degrees 25 inures 16 seconds west al an”, mentioned Point, through a central angle Ic lfi degrees re minutes 53 seconds a Czle distance measured Meng the a c of as rd rnree of 3.54:4] feet; thence rsat a 23 slid Southeasterly minutes R seconds Kest along std soulIf 4,51rly Right of Way ine . d lance of 4cury 4 4reL m the beginning sf l tangent curve, concave to Nc north. west and .having a radius of 1r% feel: !hence southerly along said l ire aid onS aaitl southeasterly Right PI Way line through a central anal- of 26 degrees 14 calmuss 54 second. an are distance oI 57N.92 feet; thence south 50 degrees 1.5 of rotes 08 Seconds west along said south - eestei9Y Right of Way Its- a distance u1 26211 feet W the beginning of A lac- gent curve concave to the Southeast 'hav, thus of 1,150 feet: to IOng Sold southeaster'], ftiRhtl Of W tone and along --fit curve through a r nowt angle of 11 degrees 51 minutes 33 seconds an ❑ stance of 478.50 et. ihence southwesterly along Said aroutheasleriy Right of Way line sduih Is degl'ses 24 minute. 35 second. west m the paint of inlea"Unn with a, how in"' i Parallel lo. and distant 1320 - t elt measured at right angles t o10 the o Ih Seats I line Of Block 56 of id I s SatilM.,but thence southeaster- 1.1 ato g aid last mentioned parallel IIne N, the rote seLL on x`ith the Southeast_ 123% fine of said Block M' thence north- easterly along said southeasterly line of BI-e 56 to the intersection won the ctin'ly line of M PArihur Bird.. lip I I in oidth s described in de d t I- ( d d In Book In47; Page 557 ilifleisl He orda of saitl Orange Court thence r their' along said weepsylv June of \1 Arthur .Blvd. to the point of unit. s tunn with the northeasterly prolong.. "'in of in' souiheaeterly line of Said Bieck 51, w'hifh Point is also to the nnondarl, of line Proposed Ac -o Sweet A x 10 said City of Newport Beab. 0 smiNweste I along s d n'Po- t Iv Prolongation and skid ..in- ea (e 1 line of Block ;51 W the most ea to IF corner If the south one quarter lick 51. 'hich course is Sao a cm s e in th, . boundary of said Acacia Sleet Arms.,,; thence cuntio im, segih -t•rl,y along said southeasterly line of BI. k .51 and said boundars ;ine of ih O. City of Newport Beach to the point of ning PNU1Sne11 Cos!- a. 1'•. In:'. C.i�t. - lie -a. • November 19, 1957 Mr. Ralph A. Miller, Manager Security -First National Bank of Los 1n eles & Associates Corona del Mar Branch 2523 East Coast Highway Corona del Mar, California Dear Mr. Miller: Thank you eery much for the many courtesies you extended to me last Friday. It aas indeed a pleasure to have luncheon with you and your other guest, Mr. Wright. Sincerely, Margery Schrouuer City Clerk - Treasurer MS:e u 0 November 19, 1957 .L. Lawrence Jeffries Vice President Jeffries Banknote Company P. 0. Box 188 Los Angeles 53, i;allfornia Dear Mr. Jeffries: TiZank you very ranch fol- the many courtesies you extended to ,ae in connection with the issuance of the Newport Beach Slater Bonds, 19157. It was indeed a pleasure to have luncheon wit'? you and with your other guests last Thursday. Sincerely, Margery Schrouder City Clerk - Treasurer MS:e BE IT FURTHER SED, that. the Newport Beach. Branch of the Bank of America NJ . & S. A., a national banking associa!%n,, ereby design from the sat as the depositdry of the the "Water Bond& 1957" for. -- ses of invest Cu �P ty of Newport Be such funds as directed by - by and through.the City Man- r and the City Treasurer -of Newport Beach who are hereby designated as the �ftents for the City., . Of Newport Beach with regard to the investment of.sq'___ ,*,.-ftmdsj `J` : BE IT FURTHER D) that he City Treasurer of the Cit of Nei �ovtach is hereby designated and authorized J to deposit the aforesaid proceeds from the sale of the "Water Bonds, 19�%r, with the Newport Beach Branch of the Bank of .'mar tt.'N. T. & S. A. by depositing said proceeds at e main office branch of the Bank of America; N. T. & S. A. at Los Angeles t?--b transferrid forthwith to the Newport Beach Branc the Bank of America N. T. & S. A. VA , � j CITY OF NEWPORT BEACH CALIFORNIA RAE r Fovamber 1% 1957 NOV 14'57 ALlbl'pk7, BF,a i:B hr. Ralph Millero ►leaager 60earity first national Do* M3 bast Coast Ui$hway Ooroaa'd*l qar. California Dear Wo WIW I This is to express the City's apprecl+ettion far the essporetion eatend*d by you and other officials of your Dmk 4a advising the City on the proper hsa* 41kag of pvmooda from the sale of the 1957 water >iouds. We belisv* that a sound program for the ln- vaetasat of tba band funds will result and will be beaeficial`to the City and its tsxpayera. Aping thank you for your courtesies and - eaaLtaltsa, r Sincerely, Rgrf!! City Manages PC city Clark- Tseasarar ,irlaaa*t Ddreclos. im". iq. Hntpwry seat -W&L=t Deals Ar. untpuezy As rsqu"todo We confirms your authority to perform additional engineering vork to revise plans and "I - icat eaa for the Big Canyon Rlwwrwir and t -*I ton Twins psojest. "a" Ase"gary as a rosaLt of them"s proposed by the Irvine Company and the CobtaW s decision to readvartize for bids. Sincerely, 90BERT SULTON R8:-M City Manager CC: Pinanew Direct= City ;Iatk Public VnAs Director 4 November 13, 1957 Mr. Roland A. Wright Assistant Vice President Bank of America 3444 Via Lido Newport Beach, California Dear Mr. Wright: You are hereby authorized and instructed to purchase for the acceuit o:; City of Newport Beach $1,782,000 n'- +:rarity va1u,, 90 -day U. S. Treasury 'hills, said bid to be presented on Monday, November 18, 1957. Very truly yours, CITY OF M4,4? ORT BEACH By - .o ert Shelton City Manager B L.�. yHarger_Sc row er City Treasurer MS:e Sc�rtJvucbuim ►�uvic4u 13042 MYFO.RD ROAD TUSTIN. ORANGE COUNTY 0 THE IRVINE COMPANY 4 POST OFFICE BOX 37- TUSTIN- CALIFORNIA Ai4A 2-4A55-TE,EGKA+iS- EXPRESS' November 11, 1957 Honorable City Council of The City of NehTort Beach, City Hall, Newport Beach, California Pursuant to the written agreement dated April 3, 1957 between the City of Newport Beach and this corpora- tion, you are hereby advised that we approve the description of the reservoir site and the descriptions of the easements for water transmission mains and access road as described and set forth in the written plans therefor prepared by James M. Montgomery, engineer of the project, on Sheet No. 1 thereof entitled "Reservoir Site Parcel -R11 and on Sheet No. 2 entitled "Right of Way Sketch Parcels T -1 and T -211 and on Sheet No. 3 entitled "Perma- nent Access Road to Reservoir Site ". WBH;fp Yours very truly, COMPANY THE IRVINE By>�s W. B. Hellis, Vice President 0 California Bank M14 W1. HEaH OF'F'M-620 SOUTH SPA INN STREET- LUS .ANNELES 54- VALUUH :V1.1 iSExv. $99u _ PAUL L. UHL • Me Pre dmt Yven}c`.er 11, 1957 ,n1 tt Or, Robert H. Shelton City Onager 3 °05 Channel Place Newport Beach, California Dear Bob; We were pleased to learn that you liked our preliminary suggestions with respect to investing the proceeds of your recent 01,782,000 bond issue. however, in the meantime, one of your City Attorney's comnented to our Vied kill that he questioned whether this reinti:.: ship cou2j be entered . into by cur .respective organizations. Should your City Attorney approve of the City dealing with California °an'.: in the purchase and sale of securities as a temporary investment of the above mentioned funds, Ye w0'uld he most :))leased to see that a schedule of recomNended purchases be in your hands prior to 'orr council meetinE,, Tuesday evening, Ovember 12. From our analysis of your requirements, it appears that we could selnct 0. L Sovernment security issues &A0 wC9.1.1 : enable your Oity to have currently an average nnturn of about Z.Sj. %. his ray v *ry slightly as certain of U. S. Treasury call issues are rolled due to the varyin ; auction bid prices from week to week. Also, this yield could be increased by the use of certain issues of Federal Avency paper providing your City Attorney approz:_'s this type of inve s"t"mt. We have found that other municipalities have used this type of security whepe their city: attorneys have approved same. As you may 'snow, the Federn]. :agency '.:)e of security does not have the guarantee, of the V. S, Treasury Department as to payment of principal and inte"est:, However, Mere is Lhe moral oblation to do so. Heing one of the primary dealers in U. Government ail Thae.'s] Agency sacuri.i�?."u on the heat Co of and always 1. �;1 VU a position in such securities we know that we Old do a fine job foo your City as we have done for others. C'f course, havinF an accocrt relaticuship would enable us '., L; buy any of your temporary holdings at thn mar at and give you cpsh credit to your account the same day. Likewise, in the purchase of securities through ouI' Bond Department we can provide you with securities the r.ay you desire, thereby C*alifornia Bank, page 2 • Er. Robert R. Shelton City Aanager 3905 Channel Place Mewport Beach, California putting the funds to work immediately. 0 It has been a real pleauure workin; with you and ether City official, and we sincerely hope that your City Council sees fit to permit us to serve you in the above cayacity. Very truly yours, Vice President Cable Addmu— HALIKAMERICA dank of Asnertrtt NATIONALfAVnwr$ ASSOCIATION NEWPORT BEACH BRANCH - OII. VIA LIDO - NEWPORT BEACH. CALIF.O.RNIA NovekbA. - 11, 1957 V o.;- �.G.! �. 'U�a co The Honorable City Council \�\ S CSI TY OF N� tv PdRT ggA City of Newport Beach d ` Newport Beach, California Gentlemen: �. In submitting a proposal to you offering our assistance and advice in regard to the investment of the city water bond funds during the interim prior to their use, we realize that there is no absolute and definite schedule of use and we are basing our suggestions in a form which will merely suggest the possible investments for maximum safety and highest possible yield. We feel that the factor of maximum safety is most im- portant under your responsibilities and therefore feel that direct ob- ligations of the United States 'Government would best meet this require - mer_t. It is somewhat difficult to obtain the maximum investment results inas- much as there are only certain maturities falling within the probable time schedule,of United States Treasury issues outstanding. The follow- ing list of suggestions is offered as a possible program subject, of course to daily market changes in the price of the various treasury issues and also the anticipated exact and final usage of the funds. Amount Descr, tion Approximate Yield 2009000 U. S. Treasury Dills 3.45 due 213 -58 200,000 U. S. Treasury Certificates 3.50 3z% due 4 -15 -58 200,000 U. S. Treasury Notes 3157 2 7/8% due 6 -15 -58 200,000 U. S. Treasury Certificates 3.58 4% due 8 -1 -58 200,000 U. S. Treasury Bonds 3.59 22c° due 12 -15 -58 780,000 U. S. Treasury Notes 3.69 1 7/8% due 2 -15 -59 If some of the above money is not required when some of these securities mature, you might well reinvest in short term U. S. Treasury bills. Tthe Honorable City Counc0 - 2 . November 11, 1957 We shall be pleased to consummate the purchasing of these securities for the City of Newport Beach, and hold All the items in safekeeping without making arW charge. By holding them in safekeeping, a consi- derable amount of, money could be sxf*-*. as there would be no transpor- tation charge, either to Newport Beach or back to los Angeles, when the securities mature. On Treasury Bills, which are offered for bid every week, funds can be automatically reinvested for ninety day-periods, pursuant to authori- zation. Bank of America performs this service for many city and county officials throughout the state, as well as for individuals and corpo- rations. It is always our desire to give the city the best service possible in every phase of commercial banking, and we would be most happy to have the opportunity of serving you and helping you in this investment program. RASA: j Sincerely yours, c�u( au�W Roland A. WrightL Assistant Vice President BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION 1 • C.ble Addmr RANKAMERICA (C Sank of Aintl iro NATIONAL MSITtlo, ASSOCIATION NEWPORT BEACH BRANCH . 3444 VIA LIDO . NEWPORT BEACH. CALIFORNIA November 11, 1957 The Honorable City Council* City of Newport Beach Newport Beach, California Gentlemen: ,.. A I UzER CITY GLt PORT BRpCB CJTY OF piL Enclosed for your consideration is an agreement form customarily used by the bank when appointed as paying agent on municipal bonds and cou- pons. You will observe that in sections five and six on page five, the charge for handling coupons would be five cents each, and for pay- ment of bonds, 110 of one percent of the principal amount thereof. In our previous letter on this subject, we outlined various advantages which would be derived from such an arrangement. Bank of America has arrangements with approximately 70 cities, counties, and political sub- divisions in the southern part of this state, a few of which were spe- cifically mentioned in our letter of July 10. These agreements are of an open end type similar to the one enclosed, and at the present time encompass approximately 675 different bond issues ranging in amounts from $50,000 to 440,000,000 or $50,000,000 each. The over -all total of bond issues involved would be in excess of $1,000,000,000. Bank of America's operation in this field is the largest on the west coast and we are equipped to do an outstanding job, We hope that the agreement will receive favorable consideration by you, Sincerely yours, , Rolan&A, Wright Assistant Dice President RAWsjt Encl, SII,CURITYI'IRST \TATIONAi,B.i,Ni{ OFLoS V.\6I:I.I:S eo NNG�. COMJ�ICp_Ip� ,:1_fri HEAD OFFICE SIXTH AN',� SFIFING SFR'_ETS '.1P.,.Iblti BOND DEPARTMENT I= o e y Ea 1,v L ANNEX Lnt A\ti ll;l AI L C..iCG&VIA cos r .._ , 'Al .FCRNIA November 8, 1957 Mr. Robert Shelton, City Manager City of Newport Beach City Hall Newport Beach, California Dear Mr. Shelton: of 0 X In accordance with our discussions in your office Tuesday, November 5, here is a proposed investment program for em- ployment of funds to be received from the sale of your 41117801000 General Obligation Bonds. Price Yield 1 200,000 U.S.Treasury Bills due 2 -13 -58 99.12 3.5U 200,000 it " " due 4 -15 -58 98.53 3.50 200,000 " " 2 -7/86 Bonds due 6 -15 -58 99.19132 s.58 20U,D00 " " 4% Ctfs, due 8 - -1 -58 100,9/32 3.59 300,000 ° " lip Notes due lu - -1 -58 98.14/32 3.30 300,000 " 2r$ Bonds due 12 -15 -58 98.26/32 3.62 3uu,000 " 2 -3/8% Bonds due -15 -59/57 98.10/32 3.67 !�117u0,000 The above schedule lists only marxetable U. S. Treasury obli- gations and maturities have been picked that are close to ex- pected periods of cash needs. As there are no securities maturing each month, it was necessary to cover your cash re- quirements for up to two months with a given issue. For ex- ample, it is suggested tnat k,"Y00,000 par value be invested in U. S. Treasury tub Certificates due 8 - -1 -56 to provide funds for disbursements due the first of July and the first of August. Assuming the disbursements to be X100,000 at the be- ginning of each month, 'aOUu C00 of the :200,000 of this issue N' SII,CURITYI'IRST \TATIONAi,B.i,Ni{ OFLoS V.\6I:I.I:S eo NNG�. COMJ�ICp_Ip� ,:1_fri HEAD OFFICE SIXTH AN',� SFIFING SFR'_ETS '.1P.,.Iblti BOND DEPARTMENT I= o e y Ea 1,v L ANNEX Lnt A\ti ll;l AI L C..iCG&VIA cos r .._ , 'Al .FCRNIA November 8, 1957 Mr. Robert Shelton, City Manager City of Newport Beach City Hall Newport Beach, California Dear Mr. Shelton: of 0 X In accordance with our discussions in your office Tuesday, November 5, here is a proposed investment program for em- ployment of funds to be received from the sale of your 41117801000 General Obligation Bonds. Price Yield 1 200,000 U.S.Treasury Bills due 2 -13 -58 99.12 3.5U 200,000 it " " due 4 -15 -58 98.53 3.50 200,000 " " 2 -7/86 Bonds due 6 -15 -58 99.19132 s.58 20U,D00 " " 4% Ctfs, due 8 - -1 -58 100,9/32 3.59 300,000 ° " lip Notes due lu - -1 -58 98.14/32 3.30 300,000 " 2r$ Bonds due 12 -15 -58 98.26/32 3.62 3uu,000 " 2 -3/8% Bonds due -15 -59/57 98.10/32 3.67 !�117u0,000 The above schedule lists only marxetable U. S. Treasury obli- gations and maturities have been picked that are close to ex- pected periods of cash needs. As there are no securities maturing each month, it was necessary to cover your cash re- quirements for up to two months with a given issue. For ex- ample, it is suggested tnat k,"Y00,000 par value be invested in U. S. Treasury tub Certificates due 8 - -1 -56 to provide funds for disbursements due the first of July and the first of August. Assuming the disbursements to be X100,000 at the be- ginning of each month, 'aOUu C00 of the :200,000 of this issue A. • 0 N!1'. Robert Shelton -2- November By 1957 would be sold on July 1st and the balance collected as it matures on August 1st. At the time of such a sale on or about July 1, those certificates would have only thirty days to run thus mini- mizing the possibility of any market risk. It will be noted that the above schedule calls for investment of four blocks of securities each totaling $200,000 and three at V3UO,000 each for a total of �,1,7001000. For this example these blocks have been weighted towards the end of the contemplated construction programm, but the amounts could be changed to fit a specific cash flow schedule. In other words, if the contract contemplates heavy expenditures in July, August, and September, the amount of securities that mature in that area could be in- creased and other securities correspondingly lightened. From the above table it is shown that the average rate to the City of Newport Beach on its invested funds would be 3.53per rent. This yield is based on prices as of today and would vary moderately depending upon market changes between now and the date of pur- chase. Based on these prices the total dollar income received from this investment program would be in excess of $482000. If it is decided to follow such an investment program, we will be happy to arrange for such purchases and sales as may be required, and to hold the securities in safekeepin;; for you. Also, we would collect for you coupons as they mature with pro- ceeds to be credited to you in accordance with your instructions. If you have any questions concerning the handling or operation of such an investment program or questions about any of the specific issues listed, we will be most happy to discuss them with you. P41W: em Yours very truly, Pa 14. Waterman, Jr. Vice President To: Members of the Ciy Council From: John C. Penne,y, City Attorney `1 Re: Investment of money raised by t,e reservoir bond issue Sections 53601 and 53602 of the Government Code, which apply is cities, specifically set forth the authorized investments that municipalities may °rake. These sections ^rovide as follows: "Section 53601. Circumstances authoria investments investment authorized., 'y The legislative body of a local aoer.cy having money in a .0 sinking fund of, or surplus money in, its treasury not required for the immediate necessities of the local agency,,, may invest such portion of the :honey as it deems wise or exaedient in: (a) Bonds issued be it includizz�, bonds payable solely ouA ` of the revenues from a revenue- producing property owned, controlled or operated by it or by a department, board, agency or authority thereof. (b) United States Treasurys notes, ponds, bills or certificates of indebtedness, or those for which the faith and credit of the United States are pledged for the payment of principal and interest. (c) Registered state warrants or treasury notes or bonds of this State including bonds payable solely out of the revenues from a revenue- producing property owned, controlled, or operated by the State or by a department;, board., agency or authority thereof. (d) Bonds, notes, warrants or other evidences of indebtedness of any local agency within this State, including bonds payable solely out of the revenues from a revenue - producing property owned, controlled or operated by the local agency, or by a depart- ment, board, agency or authority thereof." "Section 53602 Investment in securities of 1 investments for savings banks is districts The legislative body shall invest only in notes, bonds, bills, certificates of indebtedness, warrants, or registered warrants which are legal investments for savings banks in the State, pro - vided, that the board of supervisors of a county, may, by a four - fifths vote thereof, invest in notes, warrants or other evidences of indebtedness of public districts wholly or partly within the county, whether or not such notes, warrants, or other evidences of indebtedness are legal investments for savings barks." l L> - 5 E N � _ • • NC � aNcr CCsC . N uEG� .4 ke -u ,iw NS'r 0.a I P _ GHSE VE a.5 - •,xs:.,.,G._ e eucag6 (9 CG EN.id v. EGVre P45� G Gac'E 4'i '_N vocxer..co -yew c co::,...,:v .: 'CC 1,71 IV' , ,. N. 11 E6'vi � �_ °EF "N.`np EG Eq. yA th. _ t ANES E,:' +L aE � �FP C," yxEP r: •'I _ 9 9ECn i FEn +r I IF - LAW O7E10ES OF O M ELVENY & MYE.R.S 433 SOUTH SPRING STREET LOS ANGELES 13 November 6th 1 9 5 7 L] HOLLYWOOD OFFICE 6920 SJNSET BOJIEVARD LOS ANCE._ES 23 coe:E Aoou ESS `.moms' IN REPLY REFER TO B -3956 NEWPORT BEACH MATER BONDS, 1957 Miss Margery Schrouder City Clerk City Hall Newport Beach, California Dear Miss Schrouder We have today issued our preliminary opinion to the purchasers of the above entitled bonds. The bonds may be delivered to the purchasers on or after November 15, 1957, and after they have been received from the printer and have been executed by the proper city officers and sealed with the seal of the city. We enclose herewith three copies each of the Signature Certificate and Treasurer's Receipt with instructions attached to each. Please follow the instructions and deliver two copies of each of these documents to the purchasers at the time of the delivery of the bonds. Cordially yours, i James W. Beebe JWB:HS Encls. a 0 LIT WINSTON STREET Lf,s :1�c:rr.rti 1 3. G:�r.n>c�i�:vis ........ ........... ........ November 5, 1957 Miss Margery Schrouder City Clerk - Treasurer City of Newport Beach California Dear Miss Schrouder: This will confirm our telephone conversation of yes- terday, that we will be ready for your being at our office at 9 a.m. on Thursday, November 14th, to sign the City of iJewport Beach bond issue. We also understand that the bank will then be in at 9 a. m. on Friday morning to check the issue, and that you will be here at 10 a. m, to make delivery to the bank. Yours very truly, Lawrence J ffrie es / Vice President Cam' LLJ:fsl October 29, 1957 O'Melveny & Wers 433 South Spring Street Los Angeles 13, California Attention: Mr. Jams Beebe Dear Mr. Beebe: unclosed please find a duly executed Ce'i.'ficato of City Clerk. Very truly yours, Margery Schrouder City Clerk - Treasurer MS:e Enc. • • CERTIFICATE OF CITY CLERK TO: O'MELVENY & KYERS MAPaRRV RCHROTTIMP Of the City of _Newport .Beach , State of California, DO HEREBY CERTIFY as follows: 1. That the City of Newport Beach exists under and by virtue of a freeholders' charter.dulg approved by the State Legislature and "the last amendments to said charter List were approved by the State Legislature as follows: amendments 1955- Section 702 of the Charter amended, effective April 1, 1955 1957 Section 706 of the Charter amended, effective April 1, 1955 Section 1402 of the Charter amended, effective January 11, 1957 2.. That there have been no exclusions of territory i from the said City or annexations thereto since March 29 , 19 57, except as follows: (If none, so state) "Superior Avenue Annex" effective June 3, 1957 0 0 and no proceedings for change of boundaries are now pending except as follows: (If none, so state) "17th Street Annex" (in litigation). Ordinance No. 837, approving "Acacia Street Annex" adopted October 28, 1957, to be sent to the Secretary of State on or about November 27, 1957. Resolution of Intention to annex "Jamboree Road Annex" was adopted October 28, 1957. The hearing thereon to be held December 23, 1957. 3. That on March 29 , 19_5L, and at all times subsequent thereto the following offices of the City were and are respectively held by the following named persons, duly elected or appointed thereto, qualified therefor, and acting therein, to wit: Name Office Dora 0. Hill Mayor and April Councilman Charles E. Hart Councilman Leland L. Wilder Councilman Sandy F. MacKay Councilman James B. Stoddard Councilman Margery Schrouder City Clerk Margery Schrouder City Treasurer Karl Lynn Davis City.Attorney John C. Penney Acting City Attorney Clarence A. HiRbie Councilman Stanley E. Ridderhof Councilman 2, Term Expires April 1958 April 1960 April 1960 April 1958 April 1958 Appointee se ve at the Pleasur e tie L�ouncil. Ap in serves at the pleasure of the Council. Resigned September 10, 1957 September 10, 1957 to yg$ eT$ %5 April 1960 April 1958 0 0 4, That regular meetings of the City Council of said City are held the 2nd and 4th Mondays of each month in the City Hall. Newport Beach. California. at the hour of .7:30 o'clock P M., as provided by Section 2702 of the CitY of Newport Beach Mun-T—cipal Code (MM the time of said regular meetings, and that said Section has not been amended, repealed, or superseded. 5. That for the purpose of levying taxes for said City said City uses: (strike one) (b) The County assessment roll. 6. That the assessed value of all taxable property in said City as shown by said assessment roll for the fiscal, year 195 7 - 1958 is as follows $ 65;507,790 7, That the outstanding bonded indebtedness of said City on the date of this certificate is $111,000 8, That no proposition for the incurring of bonded indebtedness of said City for any purpose was submitted to the electors of said City, and failed to carry the required vote at any election held in said City within six months next preceding May 28 195 7, except: None 3. G 0 9. That ordinances, resolutions and notices published by said City NEWS -PRESS circulation in said Ci on 71MOWAM Mondays, of each week, and that decree establishing it (SEAL) are published in the NEWPORT HARBOR , a newspaper of general ty, and that said newspaper is published Wednesdays and Fridays said newspaper has obtained a Judicial as a newspaper of general circulation. Dated: October 29 , 195 7 . M 'City Clerk ok tne city of Newport Beach , California. 6 i October 29, 1957 Mr. Ralph A. Miller, Manager Security - First National Bank of Los Angeles and Associates Corona del Mar Branch 2823 East Coast Highway Corona del Mar, Caliiornia Dear Mr. Miller: In accordance with our telephone conversation of today, I plan to call at the offices of Jeffries Banknote Company in Los Angeles on November 13, 1957, to sign the Newport Beach 1957 Water Bonds. Jeffries Banknote Company will then attach the coupons, and it is requested that your authorized representative call at their offices at 9:00 A.M. on November 15th to check the bonds. I am to return to their offices at 10:00 A.M. on November 15th and deliver the bonds to you upon receipt of your check. Please confirm the appointments mentioned if the arrangements are satisfactory to you. Very truly yours, Margery Schroeder City Clerk - Treasurer MS:e • 0 October 28, 1957 Miss Elsie Eaves Manager Construction DaHy - Enr. Reports 330 West 42nd Street P. 0. Box 88, Times Square Station New York 36, New York Dear Miss Eaves: The attached "Notice to Prospective Bidders," prepared b y James M. Montggomeryy Consulting Engineer, dated October 11s 1957s will answer the inquiry contained in your letter of October 22. MS:e Att. Very truly yours, Margery Schrouder City Clerk - Treasurer P • A McGRAW -HILL PUBLICATION Gentionen: t ENGINEERING NEWS - RECORD 330 West 42nd St., . New York 36, N.Y. LOngacre 43000 October 72, or" O R�IrCT28'S1 O a�OB GK CITY Gl k� NO BgA �T4 of Could you give us the following information for which bids were opened on October U„ r: °^ wn =,, nne.. °t rri ^^ f -.On n.-ro °n ^t 1- Mcoverc, 1C'C,TVn i', Wew'Port Bench, Cnlifp "n.10. Name of lowest bidders Address of lowest bidders Amount of bids Has contract been awarded? Have bids been rejected? Thank you for your help in this matter.. Very truly t�rul�y yours Elsie Eaves, Manager Business News Department M E M B E R A B C• A BP 0 0 October 23, 1957 Mr. Lawrence Jeffries Vice President Jeffries Banknote Company P. 0. Box 188 Los Angeles 53, California Dear Mr. Jeffries: In accordance with our telephone conversation of yesterday, I am confirming the interest rates pre- sented in the successful bid of the Security -First National Bank of Los Angeles and Associates: Rate Years 5-1M IT—to 1962 4% 1963 to 1968 3 -3/4% 1969 to 1974 3.90% 1975 to 1977 4% 1978 to 1982 In accordance with our agreement of yesterday, I plan to call at your office at 9:00 A.M. on November 13th to sign the Bonds. It is my further understanding that the Security -First National Bank will call at your office at 9:00 A.M. on Friday, November 15, to check the Bonds and that at 10:00 A.M., I will arrive at your office to deliver the Bonds. As soon as I have confirmation from O'Melveny & Myers that the schedule is agreeable to them, I shall write the Security -First National Bank and make the appointment definite. Thank you very much for your cooperation in this matter. Very truly yours, Margery Schrouder City Clerk - Treasurer MS:e 0 October 23, 1957 Mr. Warren Beebe O'Melveny & Myers Attorneys at Law 433 South Spring Street Los Angeles 13, California Your file B -3956 Newport Beach Water Bonds, 1957 Dear Mr. Beebe: Enclosed please find certified copies of the following: Ordinance No. 835, providing for the issuance of bonds of the City of Newport Beach in the amount of $1,780,000; Resolution No. 4701, awarding $1,780,000 bonds to the best bidder, Security -First National Bank of Los Angeles and Associates; Draft minutes of the Council meeting held October 14, 1957; Draft minutes of the Council meeting held October 16, 1957. In a telephone conversation with Mr. Lawrence Jeffries of Jeffries Banknote Company, on October 22d, it was agreed that I would go to Los Angeles on November 13th and sign the Water Bonds, commencing at 9:00 A.M. in the morning. Mr. Jeffries thinks that it will take me but a short time to do this, using their multiple signing machine. It was also agreed that the Security -First National Bank should appear at the office of Jeffries Banknote Company at 9:00A.M. on November 15th to check the bonds and that I would deliver the bonds at 10:00 A.M. on the 15th. Sri 0 0 Page 2 At your convenience, will you please confirm that this arrangement is satisfactory? I shall then write the Security -First National °asnk and make the appointments definite. MS:e Enclosures Very truly yours, Margery Schrouder City Clerk - Treasurer 0 CERTIFICATION bpjo 1'[. OF DRAFT MINUTES OF THE �"$� THE CITY OF NEWPORT BEACH DATE --- -- -T. __ -° COUNCILMEN PRESENT H.Yr' Wilder- MacKag- cteddardl High- id8 dprho' and Hill COUNCILMEN ABSENT Monp Attached. STATE OF CALIFORNIA ) SS COUNTY OF ORANGE ) I, Margery Schrouder, City Clerk and ex- officio Clerk of the City Council of the City of Newport Beach, California, hereby certify the fabbwchud to be a full, true and correct copy of the minute entry in this office. draft In Witness Whereof, I have hereunto set my hand and seal this 24d day of October , 1957- Margery Schrou e# Cler of f the City of Newport Beach, Orange County, California C.EI. AddeeY- BANKAMERICA 0i;ttn1t of Asnerira NATIONAL,T"AViTXIS ASSOCIATION NEWPORT BEACH BRANCH a 3444 VIA LIDO a NEWPORT BEACH. CALIFORNIA October 22, 1957 Margery Schrouder City Clerk - Treasurer City of Newport Beach California Dear Miss Schrouder: Pursuant to your 1Atter of October 16, the following is a .list of the associates of the various bidding banks on the city water bond issue. Bank of America NT?6& J. Barth & Co., San Francisco Eastman Dillon, Union Securities & Co., Los Angeles Hill Richards $ Co., San Francisco Jones, Cosgrove & Miller, Pasadena Penower, MacArthur & Co., Detroit Lawson Levy, Williams & Stern, San Francisco Irving Lundborg & Co., San Francisco Merrill Lynch, Pierce, Fenner & Beane, San Francisco John Nuveen & Co., Chicago C. N. White & Go., Oakland Dean 'litter & Co., San Francisco H. E. Work & Co., San Francisco California Bank: First of Michigan Corporation, Detroit E. F. Hutton & Co., New York Paine, Webber, Jackson & Curtis, New York Shearson, Hammill & Co., New York Weeden & Co., San Francisco Dempsey, Tegeler & Co., St. Louis J. B. Hanauer & Co., Beverly Hills Security First National Bank of los Angeles: Blyth & Co., Inc., New York Harris Trust & Savings Bank, Chicago R. F. Moulton ?c Co., Los Angeles !+Tm. R. Staats & Co., Los Angeles Taylor & Co., Beverly Hills You will notice this is a representational group of banks and brokers and only the head offices are listed, although you will recognize many have branches in Los Angeles and San Francisco, RAW: j Sincerely yours, �ry Roland A. Wright Assistant Vice President A W SECURITY-FIRST NATIONAL BANK OF LOS ILNGELES SAVINGS COMMERCIAL TRUST HEAD OFFICE SIXTH AND SPRING STREETS MAILING ADDRESS 60ND DEPARTMENT P. O. BOX 20 ?7, TERMINAL ANNEX Los ANGELES. C'.LIR]RNIA LOS ANGELES 54. CALIFORNIA October 21, 1957 Ziss Margery ,chrouder, City Clerk City of Newport Beach Newport Beach, California Lear Miss Schrouder: This is in reply to your letter of October 16th, to tor, Ralph =tiller, requesting a list of those associated with us in our successful bid for the recent City of Newport Beach Bond Issue. Our associates were; Blyth & Co,, Inc. Harris Trust and Savings Barak R. H. Moulton & Company William R. Staats & Co. Taylor and Company Very truly yours, Franklin Stockbridge, Vice- President FS:al cc Mr. Ralph Miller • i October 21, 1957 Mr. Lawrence Jeffries Vice President Jeffries Bank Note Company P. 0. Box 188 Los Angeles 53, California Dear Mr. Jeffries: Thank you for your letter of October 18th. I had a note on my calendar to write you last week to inform you that our Ordinance, providing for the issuance of Bonds, was adopted on October 16th instead of on October 14th. Due to the pressure of business last week, I was unable to get a letter in the mail for you. We will be unable to issue the Bonds until November 15th. This may necessitate a change in the plans for signing the Bonds and will change the date of delivery. I would be pleased to sign the Bonds at any time you recommend. Thank you very much for your invitation for luncheon. If you can conveniently re- arrange your plans, I would be most happy to accept. Sincerely, Margery Schrouder City Clerk - Treasurer MS:e • • IIT wIN3TON 7TR. E£T Lb _ S GELES 13. GALTrORNL4 ._..... _... .__. October 18, 1957 Mrs. Margery Schrouder City Clerk - Treasurer City of Newport Beach California Dear Mrs. Schrouder: Many thanks for yourletter of October 9 relative to the signing of your Water Bonds on our signature machine. We are interested to know if Tuesday morning, at 9 a.m. , Novem- ber 12, would be a satisfactory date for you. It shouldn't take over an hour and a half, and, as these are book form bonds it will be necessary for us to attach the coupons after they have been signed. You may wish to get in touch with the underwriters, as well as O'Melveny & Myers, and arrange to deliver the bonds at two o'clock on Wednesday, the 13th. We have received the seal from the Accurate Numbering Machine Service Company and will apply it to the bonds before they are signed so they will be ready for checking by the bank at 2 o'clock on Wednesday. If you would like to come in at 12 o'clock on Wednesday, I will be glad to have you as my guest for luncheon. Perhaps we can get Mr. Lindman of O'Melveny & Myers to join us. May we express our appreciation for the opportunity of being of service to you. Yours very truly, ' —'Z `' Lawrence effYies4` Vice Pie ident LLJ-fsl k New Oct 40 L F,11 I�f %9 -74 )1 "09 pre VIAItk"% CrIL GtDliQr, k 0-ka la-I m ERVICE } MBOLS mosage N f �O 4T J�„�RN i:cd chsry - edbyrke TELEGRAM - . 1201 LT =lnrem mnal W. P. MARSHALL. Pwanpaw♦ Leiser Tdegnm The$ling riax sbnuq•in nc�.dvc li••..��a� - -- - - -• . i, ST. ANDARDTINIE .,M+nra.,igi,,.Timeofreeei,, Ir STANDARD TIME ar poineofdunnarion =OaeV7 DE -419� 1 DE 110100 ;'P^ PD- -V.'U; I'll YORK NY 76 2581"I4E= :iIARGERY SCHROUDER, CITY CLERK= • :'lf✓ \ PIEVJPORi $EA *H CALIF-- ;I LEASE 1';I is i? E SS C�'LLECT L0[aPLETE ;:IEi Ef�SH I ° SUCCESSFUL AND SECOND HIGEST BIDS FOR BONDS AIRMAIL COMPLETE LIST= THE BOND BUYER= i THE COMPANY WILL APPRECIATE. SUGGESTIONS FROM ITS PATRONS CONCERNING ITS SERVICE Th, issue of ymft was sold =1 0 tlthi-r biddvr. were: Ito 4 -aE -in 4t .11h Offid•l T1,M) Be Sure to Im1adh Priers or Prvmi 8imw- ITT FWT.1 -it. • �e Oi lAl \ti�� SEGURITY-FIRST NATIONAL BANK OF LOS ANGELES SAVINGS COMMENGAL TRUST HEAD OFVICE SIXTH AND SPRING STREETS MAILING ADDRESS: BOND DEPARTMENT P. O, BOX 2057 TERMINAL ANNEX LOS ANGELES. CALIFORNIA LOS ANGELES 54. CALIFORNIA October 16, 1957 City Clerk, City of Newport Beach Council Chambers, City Hall Neirport Beach, California Gentlemen: Through error, our bid for a.7803000 City of Newport Beach Bonds, submitted on October 16, 1957 carried the statement: 11;;210,000 maturing from November 1, 1975 to November 1, 19773 inclusive at 3.90%.1' There are, in fact, 4215,000 bonds maturing in these years and our bid should have read accordingly. This is your authority to correct our bid in this manner. We regret this error on our part and trust that it has not caused you urdue inconvenience. Very truly yours, v Franklin Stockbridge, Vice- President FS: al cc Mr. J. Warren Beebe, OTEelveny & Myers • • October 16, 1957 Mr. Ralph A. Miller, Manager Security -First National Bank of Los '+xieles and Associates Carona del )Ur Branch 2823 East Coast Highway Corona del Mar, California rear Mr. Miller: Thank you very much for presenting the bid of your bank and its associates in the matter of the sale of the Newport Beach 1957 Water Bonds. Your Interest was very much appreciated. It is requested that you furnish me with a list of your associates who will share in the purchase of the Water Bonda. MS :e Very truly yours, Margery Schroeder City Clerk - Treasurer 4,g5T .Y4 • � a SECURITY' FIRST NATIONAL BANK OF LOS ANGELES SAVINGS COMMERCIPL TRUST CORONA DEL. MAR BRANCH 2823 EAST COAST HIGHWAY MAILING ADDRESS: POST OFFICE BOX 3B- CORONA DEL MAR CORONA DEL MAR, CALIFORNIA CORONA DEL MAR. CALIFORNIA October 16, 1957 City Council, City of Newport Beach Council Chambers, City Hall Newport Beach, California Gentlemen: For the proposed issue of $1,780,000 CITY OF NEWPORT BEACH, WATER BONDS, 1957 dated November 1, 1957 in the denomination of $1,000, bearing interest as follows: e�]L ; $350,000 maturing Nov. 1, 1958 to Nov. 1, 1962, inclusive at 5 1/4% 0`. $420,000 maturing Nov. 1, 1963 to Nov. 1, 1968, inclusive at 4% �6i $420'000 maturing Nov. 1, 1969 to Nov. 1, 1974, inclusive at 3 3/4% ,+.. '`� $210,000 maturing Nov. 1, 1975 to Nov. 1, 1977, inclusive at 3.90% �: $375 000 maturing Nov. 1 1978 to Nov. 1, 1982, inclusive at 4% `1 interest payable annually for the thirst year and semi - annually thereafter, both principal and interest payable at the office of the City Treasurer of the City of Newport Beach, California; said bonds maturing in varying amounts annually November 1, 1958 to November 1, 1982, inclusive; a portion of said bonds being callable, prior to maturity, as Bet forth in your Notice of Sale which Notice of Sale is hereby made a part of this bid, we will pay you $1,780,000, being the par value thereof, together with accrued interest to date of delivery, plus a premium of $1.00. This bid is for prompt acceptance, subject to your furnishing us prior to delivery of said bonds, the opinion of O'Melveny & Myers, attorneys, of Los Angeles, approving the validity of said.bonds in all respects. We enclose Cashier's Check of the Security -First National Bank of Los Angeles in the sum of $53,400, payable to the order of the City of Newport Beach, California, to be held by you pending the delivery of the bonds to us under the terms and conditions set forth in your Notice of Sale if this bid is accepted, or to be returned tows promptly in the event that we are not awarded the bonds or said attorneys refuse to approve the issue. Total Net Interest Cost $926.909.00 Average Net Interest Rate 3,97388$ RAM:lp Respectfully submitted, SECURITY- FIRST NATIONAL BANK OF LOS ANGELES 0 Mr. Edgar R. Hill Vice President California Bank Mariners Office 2712 west Coast Highway Newport Beach, California Pear Mr. Hill: October 16, 1957 U.: Newport Beach 1957 water Bonds Thank you Xror bidding this morning in the sale of the Newport Beach 1957 Water Bonds. Since your bid was unsuccessful, I am returning herewith your Cashieres Check in the amount of $53 400 in compliance with the instructions of the Council. The interest of your bank and your associates, First of Michigan Corporation, E. F. Hutton & Co., Paine, Webber, Jackson & Curtis, Shearson, H.am$ill & Co., Weeden & Co., Dempsey- To geler & Co., and J. B. Hanauer & Co., in bidding for this issue of Bonds was very much appreciated. MS:a Att . Very truly yours, Margery Schrouder City Clerk - Treasurer E 0 (;alifo�nia Bank HEAII OFFICE -6`_99 SOUTH 811111NC STREET- LOS ANGELES a "4• C.ALIFIIH51.4 AE SE A Vf EYS iEM BOND DEPA TMEHT October 16, 1957 City Council of the City of Newport Beach City Hall Newport Beach, California Gentlemen: Re $1,780,000 Newport Beach, California, Water Dated: November 1, 1957 Due: $70,000 annually November 1, 1958/76 $75,000 annually November 1, 1977/82 The bonds maturing on or prior to November 1, 1972, shall not be subject to call or redemption prior to maturity. The bonds maturing on or after November 1, 1973, or any of them, may be called before maturity and redeemed, at the option of the City, in inverse order of maturity and number, on November 1, 1972, or on any interest payment date thereafter prior to maturity, at a redemption price for each redeemable bond equal to the principal amount thereof and accrued interest to the redemption date, plus the following premiums, if redeemed at the following times: Year of Call Premium 1972 or 1973 $350,000.00 1974 thru 1962 3 1/2% 1975 11 -1 -63 3 % 1976 4903000.00 2 1/2% 1977 4% 2 % 1978 thru 1982 1 1/2% 1979 or 1980 1 % 1981 or 1982 1/2 % In accordance with your recent official notice of sale, requesting bids on the above described bond issue, we hereby respectfully submit a bid of the par value thereof, plus a premium of $010.00 such bonds to bear interest as follows: Rate per Annum Par Value Maturity 5% $350,000.00 11 -1 -58 thru 1962 4% 280,000,00 11 -1 -63 thru 1966 3-3/4% 4903000.00 11 -1 -67 thru 1973 4% 660,000.00 11 -1 -74 thru 1982 In addition to the above amount, we will pay accrued interest from the date of the bonds to the date of their delivery. Gross interest payable is computed to CALIFORNIA HAWK • PACE 2 City Council of the City of Newport Beach Newport Beach, California be.' 931,575.00 , with net interest payable amounting to ¢ 6 , for a net interest cost of 3.97509 This bid is made subject to our receiving a satisfactory legal opinion from Messrs. O'Melveny & Myers of Los Angeles, attorneys, approving the validity of said issue. It is our understanding that you will furnish same to the successful bidder without charge. We are enclosing our Cashiers Check in the amount of $53,400.00 which is to be retained by you to apply against the purchase price in the event our bid is successful, otherwise to be returned if this bid is not accented. Very truly yours, CALIFORNIA BANK — :MANAGER FIRST OF MICHIGAN CORPORATION E. F. HUTTON & CO. PAINT, WEBBER, JACKSON & CURTIS SHEARSON, HAMMILL & CO. WEEDEN & CO. DEMPSEY+*TEGELER & CO. J. B. HANAUER & CO. By Edgar R. Hill, Vice President CALIFORNIA BAN: Enclosure i i �`� NN 0 0 October 16, 1957 Mr. 2oland A. Wright Assistant Vice President Bank of America National Trust and Savings Association .'.444 Via Lido !lewport Beach, California rear Mr. Wright: Thank you very much for presenting the bid of your bank and its associates in the matter of the sale of the '%wport Beach 1957 Water Bonds. Your interest was very much appreciated. It is requested that you forward to me a list of the associates who would have shamed in the purchase of the 'mater Bonds had you been successful. Very truly yours, Margery Schrouder City Clerk - Treasurer HS:e • Cebl, Add,,8ANKAMERICA • NATIONAL S RUST G °s ASSOCIATION SAN FRANCISCO HEADQUARTERS SAN FRANCISCO 20, CALIFORNIA October 16, 1957 Honorable City Council of ti-e City of Newport Beach City Council Chambers City Hall Newport Beach, California Gentlemen: For the $;1,780,000 par value CITY OF NZv4PORT BEACH, WATER BONDS, 1957, of Orange County, California; dated 'November 1, 1957; of the denomination of $,1,000 each; interest payable annually for the first year on November 1, 1958 and semi- annually thereafter on May 1 and November 1 in each year, and maturing: X70,000 roar value on November 1 in each of the years 1958 to 1976, both years inclusive and $75,000 par value on jovember 1 in each of the years 1977 to 1982, both years inclusive; bonds maturing on or after November 1, 1973, to be subject to call and redemption on November 1, 1972, or on any interest payment date thereafter on such terms and at such redemption prices as indicated in the "Notice of Sale" adopted September 16, 1957; we bid as follows: 4x490,000 par value maturing November 1, 1958 to November 1, 19 64 inclusive, bearing interest at five and one - quarter +630,000 par value maturing November 1, 1965 to November 1, 19 73 inclusive, bearing interest atthree and three - quartets 2 660,000 par value maturing Nov °tuber 1, 1974 to November 1, 19 82 inclusive, bearing interest at four w - - -- par value maturing November 1, 19 to November 1, 19 inclusive, bearing interest at - -- par value maturing November 1, 19 to November 1, 19 inclusive, bearing interest at _1; and we will pay par and accrued interest to date of delivery, plus a premium of $1,00 This bid is for acceptance not later than 26 hours from and after the date and hour at which bids are to be opened and is made subject to our obtaining, at no cosi to us, from Messrs. 0114elveny & Myers, attorneys, a satisfactory opinion approving the validity of the above described bonds in all respects. October 16, 1957 Honorable City Council of the City of Newport Peach Page 2 This bid is also made subject to the further condition that, if the bonds are awarded to us and are tendered in accordance with the terms of our bid, the bonds will be executed by at least one authorized officer designated to sign the bonds, by his manual signature. Enclosed is our Cashier's check in the amount of $V53,400.00 which is to be held by you uncashed and is to be returned to us in the event you are unable to award the bonds to us or deliver the bonds to us in accordance with the terms of our bid. In the event the bonds are awarded and delivered to us, the check may be cashed at the time of delivery and the proceeds applied on the purchase price of the bonds. ;estimated Net Interest Cost - $ 942,599.00 (or 4.0239 Respectfully submitted BANK OF AMERICA N. T. & S. A. 0D ASSOCIATES By: Bank of America N.T. & S.A. By holand A. wright, Assistant _i e Presider BANK OF AMERICA NATIONAL. TRUST ANO SAVINGS ASSOCIATION SUMMARY OF COMPUTATION Bid by Total interest on first rate bid \y - - % on bonds maturing 1957 to 19C_y �0.? 90t) P '. Total interest on second rate bid —Y Lc! l on bonds maturing 19(,�to 19-L Total interest on thLi*d rate bid on bonds maturing 197/ to 19,.2 SS's/ Zca Total interest on fourth rate bid % on bonds maturing 19 to 19 Total interest to be paid Less premium Net interest cost to agency e7 OD Bid b R I Total interest on first rate bid —IL4L:1 on bonds maturing 19 5-k to 19 Total interest on second rate bid on bonds maturing 19,a to 19G$ jiWc, Total interest on third rate bid 33 % on bonds maturing 1949 to 19717/ da � 37S' Total interest on fourth rate bid on bonds maturing 19 to 19-ZZ / /179 Z:W 9A e D Tota interest to be paid Less premium / o Net interest cost to agency p Bid by: c r Total interest on first rate bid s % on bonds maturing 19.,:a to 19 4,2 Total interest on second rate bid on bonds maturing 19 6-' to 19,d� Total interest on third rate bid 33/x/ / on bonds maturing 19,/,Z to 19 72 a 39 X7.5' Total interest on fourth rate bid % on bonds maturing 192�- to 19 Y.2- Total interest to be paid 'iI %=.Oti Less premium Net cost to agency %3j�6'ov d r f A B C D E Year: No. Number :Cumu- :Bid-of: :Bid of: -Bid of: -Bid of: : of of : interest:lative y : years: bonds : payment :$1,000 retired: years :interest:. each :payment '. year :ears 58: 1 : 70 70 70 59: 2 70 140 210 ° b0: 3 70 210 : 420 61: 4 70 280 700: i 62: 5 70 330 1050-- 63: 6 70 420 1470 : 64: 7 : 70 490 1960 65: 8 : 70 560 : 2520 66: 9 : 70 630 : 3150 ( y, 4b _67: 10 70 700 : 3850{ 68: 11 70 770 6620 69: 12 70 840 5460 70: 13 70 910 6370 71: 14 : 70 980 7350 72: 15 c 70 1050 : 8400 73: 16 70 1120 9520 .. 11, ` 74: 17 70 3,190 lono 75: 18 : 70 1260 11970 76: 19 70 1330 : 13300 77: 20 75. 15.00 14800 78: 21 : 75 1575 : 16375: 79: 22 75 1650 18025 8o: 23 75 1725 : 19750 81: 24 75 1800 : 21550 25 75 TOTALS 10780 23,425 i 23425 J A B C D E Year: No. : Number :Cumu- :Bid of: :Bid of: :Bid of: :Bid of: : of : of : interest :lative : years: bonds : payment :$1,000 . is : retired: years :interest: 72: : each :payment : year :years 58. 1 70 70 70 59 2 : 70 140 no 60 3 70 210 : 420 61: 70 280 700 6'2: 5 70 350 loso 63 • i 7a 423 1470 64: 7 70 4" U60 ; 65: 4 70 3$fl 2320: 66: 6M 3130 G7 2A 7 7410 347 69 it 70 a" Sao 70 13 70 919 6370 71: 14 ` 3" ` 7380 is � 103Ct 4 72: 14 70 $lei 9120 : 73: 17 70 it" tono 74: 14 70 13 0 U 75: 49 70 1330 0M 76: 73 13041 11 : 77: 21 75 1375 103 78: 22 VS 14M 1025 79: 23 7S 1723 1973#4: 80: sl: 82 • r TOTALS H 7 0 1 4 0 c 1 0 2 8 0 3 5 0 4 2 0 • 4 9 0 5 F 0 6 3 0 7 0 0 7 7 0 8 4 0 9 1 0 9 8 0 1 0 5 0 1 1 2 0 1 1 9 0 1 2 6 0 1 3 3 0 1 5 0 0 1 5 7 5 1 6 5 0 1 7 2 O 1 7 2 0- 1 7 2 5 1 8 0 0 1 8 7 5 2 3 4 2 5 SUMMARY OF COMPUTATION Bid by: Total interest on first rate bid % on bonds maturing 19 S� to 19b2,- S ] \ 2 S Total interest on second rate bid on bonds maturing 19S,.-4_ to 19_4_ T a� interest on third rate bid on bonds maturing 19 (y � to 19� Tot interest on fourth rate bid on bonds maturing 19 � S to 19� Total interest to be paid Less premium Net interest cost to agency Bid by: Total interest on first rate bid on bonds maturing 19_ to 19_ Total interest on second rate bid on bonds maturing 19_ to 19_ Total interest on third rate bid on bonds maturing 19_ to 19_ Total interest on fourth rate bid on bonds maturing 19_ to 19_ Total interest to be paid Less premium Net interest cost to agency Bid by: Total interest on first rate bid on bonds maturing 19_ to 19_ Total interest on second rate bid % on bonds maturing 19_ to 19_ Total interest on third rate bid on bonds maturing 19_ to 19_ Total interest on fourth rate bid % on bonds maturing 19i to 19_ Total interest to be paid Less premium Net cost to agency ati? $oC J i 3`.3 3yScoo �0 0 ffpv k .S PS a f PS CONTENTS FINANCIALDATA ................................................................. ............................... 3 Assessed Valuation and Bonded Debt ........... ................. ........ ............................... 3 THE MUNICIPAL WATER SYSTEM ......................................... ............................... 6 bVaterRates .........._ ................................................................... ............................... 7 Water Department Financial Operations .............................. ............................... S NewFacilities .................... .......... .................. ............................................. ........ ...... 9 Metropolitan Water District.... ...................................... ...... ................................ 9 Local Distribution System ....................................................... ............................... 9 THE CITY OF NEWPORT BEACH ........................................... ............................... 10 Areaand Population......_ ...................... ............................. ..................... .... ...... ......_ 11 Climate and Topographyy ......................................................... ...._........................ -. II Histon' ...._ ......................_....._......_._....................................._.. ............................... I I HarborDevelopment ........ ...................................... ......... ..._. _.............................. 12 Communities..................................... ................................... .............. ........ .... ..,... .----- 12 CityGovernment ............. ... .. ....... ..._ ............ ........................... ........................... ... 13 Commercial and Business Actieita._... ...... ............................... ........................_.. 13 HarborActivitv ... ........ ......... ........... __ .... _. --------------------- ........ ......._............ .... .__.. 13 Highways and Trains portation.. ............... ............................ ............................_.. 14. btdustn' .. ........... ............. .............._........................_................. ....._........:................ 14 Utilities._. ................ ................................. __....._._......... ..__...._....__.....__..... -.._ 15 Schools--- .......................... ..._._.._......_.__........___....__.._.. ...._.........._......__....... I5 Community Organizations .. .................... ---------------------- 15 TheIn =ine. Compan>'.. ------- ........................ _...___.__.___ .__......... ._..._.............. ... 16 OrangeCounty ..... __....... .......................................... ..... _.._.. ...................... 16 Aerial photos in this statement were made by Pacific Air Service, of Long Beach.. Other photos are by Beckner Photo Service, of Newport Beach. Page INTRODUCTION.................. ...... ......... ............. ................... .......-------- ... ---- .. ..... I................ 1 THEBONDS . .............. .. ...... .. ...... :............. .................. ..................... ........ ............. . 2 Authority for Issuance .............................................................. ............................... 2 Saleand Delivery of Bonds .................................................................................... . 2 Descriptionof Bonds ................................................................. ............................... 2 Redemption Provisions ............................................................ ............................... 2 Registration............................................................................... ............................._. 2 TaxExemption .......................................................................... ............................... 2 LegalOpinion ........................................................... .. ............................................... . 2 Purposeof Issue ......................................................................... ............................... 3 Securith.. ....................................... ................... .......... .................. . ............................ - 3 Legality for loeestme t ........................................................... ............................... 3 RetirementSchedule ................................................................. ............................... 3 FINANCIALDATA ................................................................. ............................... 3 Assessed Valuation and Bonded Debt ........... ................. ........ ............................... 3 THE MUNICIPAL WATER SYSTEM ......................................... ............................... 6 bVaterRates .........._ ................................................................... ............................... 7 Water Department Financial Operations .............................. ............................... S NewFacilities .................... .......... .................. ............................................. ........ ...... 9 Metropolitan Water District.... ...................................... ...... ................................ 9 Local Distribution System ....................................................... ............................... 9 THE CITY OF NEWPORT BEACH ........................................... ............................... 10 Areaand Population......_ ...................... ............................. ..................... .... ...... ......_ 11 Climate and Topographyy ......................................................... ...._........................ -. II Histon' ...._ ......................_....._......_._....................................._.. ............................... I I HarborDevelopment ........ ...................................... ......... ..._. _.............................. 12 Communities..................................... ................................... .............. ........ .... ..,... .----- 12 CityGovernment ............. ... .. ....... ..._ ............ ........................... ........................... ... 13 Commercial and Business Actieita._... ...... ............................... ........................_.. 13 HarborActivitv ... ........ ......... ........... __ .... _. --------------------- ........ ......._............ .... .__.. 13 Highways and Trains portation.. ............... ............................ ............................_.. 14. btdustn' .. ........... ............. .............._........................_................. ....._........:................ 14 Utilities._. ................ ................................. __....._._......... ..__...._....__.....__..... -.._ 15 Schools--- .......................... ..._._.._......_.__........___....__.._.. ...._.........._......__....... I5 Community Organizations .. .................... ---------------------- 15 TheIn =ine. Compan>'.. ------- ........................ _...___.__.___ .__......... ._..._.............. ... 16 OrangeCounty ..... __....... .......................................... ..... _.._.. ...................... 16 Aerial photos in this statement were made by Pacific Air Service, of Long Beach.. Other photos are by Beckner Photo Service, of Newport Beach. CITY OF NEWPORT BEACH Orange County, California INLORPORAa'Rn 1906 01120 'ri;R ADOPTED 1954 CITY COUNCIL DOR A O. HILL, Mavor CHARLES F. IIANI GEN. S. F. KIDDERnor C:. A. H14,IR[r JAMES & STOnonRo SASDY F. MAcKAY LELAND L. WILDRR Runi.wr SnEi.ron, . City Manager J. V. AVEnn, Dircoor of P-uldic Works A. N. BRocssAan. Director of Fi- nar[cc MARG RY SCHIMCDER. Ci1v Clerk- Treasurcr J,AMLS 1$. Vlosrt:OMER,Y, i'asadcua Consulting Engineer O`NIELN ENY & MYERS, Los Angeles Bond Counsel S'roNE & YocNr.nr:RG, San Francisco and Los Angeles Financing Consultants The information contained in this official statnnent was prepared under the direction of the City Council of the City of Newport Peach by Stone & Youngberg, financing consultuits to the city, in connection with the water project. The following sunanaries of statutes, tirtlivanees and rcpnirts are subject to all of the pro6sions of such docuutcuts. These sunnnarics do not purport to be complete stateniientS of St ch provisions. Reference is merle to Suchdocunnentsfor further information. September 16, 1957 d 0 m d m a a E 0 U m c 'o rn v w'o r m ^y c � 0 0 iV F- m o O0 �o � my ., m v > . � �� o`er m u m� o o� n 3 v . Z� o � 3 � v a •- a 0 u u E i a� 0 INTRODUCTION The general obligation bonds described in this statement are being sold by the City Of Newport Beach to finance construction of additional hater storage facilities and other improvements to the municipal mater sys- tem, These bonds are the first to be offered by the city since 1940 and are expected to be paid entirely from revenues of the water systern. The city's net direct and overlapping debt after these bonds are sold will be only 6.86 per cunt of the city's assessed valuation and onlY $212 per .capita. Newport Beach is in outstanding community, primarily residential, located on Newport Bay and the Pacific Ocean. As one of the finest residential communities in the fastest growing county in California, the recent growth of the city has been rapid and steady. Because of the available undeveloped land adjacent to Newport Beach, the city's growth can be expected . to continue and current high standards of development to be maintained. I lay-2 4a �r� s°xuxO 33 . \,Mt I... �, y.. SANTA MONICA LOS ANGELS OCEAN PARK VENICE 1 NONT ox Playa Eel Ray B IN I CN.O, 1 B El sE4UND0 101 MPN'IHORNE OPNE. .ANN AN BEACH arEena I "ON HER SA BEACH TPrr REDONDO BEACH a L°n u l l 22 2!' \8\ Nf + Pollwlwwc.ox SAN ro aama '.. OPEDRO .... 1 10 MC APl VR MarGw R ([rmn • •o JS 60J r .• y o ' e_ A r N / B .OLIVE 11 G 2 J ��J Lu PARK .3 \. J` Ell AnVMl.,I 1 r CL)Ox P O g p 1 i EL MOOExo a 11 r � a r s . _- Oq 3 A ezPH LL � z4 po � / N 43 3z ePU.ai 2 3' E LSINORE o^ 23 6/ 6 / .. \ / sa, 1753..:' 66 CamPS Y 11J I6 Mt. Air- `tE 5 11 CAMP BAID J. _ CflESi HE1 EL e50 34 Sl% ` ,NP /.' D9 13 ] —h.. AOexA f ;'� I •"� n ,: 3CAPST DANA POINT DOHENY P - , 3z `are s 8 e' an a a I wr. DENA sE AMADfle ..° A� r1Jr ON Lu t` lOT ! 6' '3 sP` 5l- Zy�MOxxovu . an..� PD '".r�r/ 53 °11 ° °. TTIER 1 �$1i1 ° PwLE' � RIVERSIDE ,..esl. T CUR 3s �a rE sP`a. 1 \, noxcD c a eia�.a 1 I H 1. 3 REA 5.. -vnaBA \ a - �A/ B 14' ARLINGTONE a\ E.nMI 3 NEWPORT SCALEOF MILES D s ID Is ,•— Atw `' RI r' B' CORONA. 3° , -. \3z\ IB 4 B .OLIVE 2 J ��J Lu PARK .3 ]. a 3 3- I ^K ( �p 3' ORANGE � EL I456 3 ry gs \pN qs g p 1 i EL MOOExo a SANTA AN 'eyC EL. 133 s . _- Oq 3 A ezPH LL � z4 po R 2. } 43 3z T_ ¢\ 6s 6 .. �) 2 3' E LSINORE o^ 23 6/ 6 / .. \ / sa, 1753..:' (4 3 62 . F4K I�EI TOFO 4. OR ry DEL A. q o 0 L 10l 31 - / 9 'BJ se ' %': B ' lz. (n � 34 - j- M DRRIET ETA: 1 LAGUNA BE A.0 Bea t^ j / -12--1 ti Sit l B 6 IMif \ $AN JUAN RANG F .2* 3CAPST DANA POINT DOHENY P °. t ON Lu SAN CLEMENTE 3 ^H o^ man C,—UP Newport Beath. QEange Cpunty, and the LOS Angeles MotropoIR.n AVEea. Copy,ight Na}ici Automobile Club. THE BONDS Authority for Issuance The $1,780,000 Water Bonds, 1957, of the City of Newport Beach descrihmd in this Official Statement arc general obli ation boucle authorizer) under provisions of an ordinance introduced September 16 and to be adopted October 14, 1957. The bond,; are to be issued pursuant to authority granted in Title 4, Division 4, Chapter 4, Article 1 of the Government Code, `IChe bonds were authorized It)r an ovenvhchning I Ott. of 3185 ill favor to 146 opposed at a special bond clectirin held on May 28,1957. Sale and Delivery of Bonds Bids will be received by the City LOnncil of the City of Nrwlxtrt Beach at 11 :00 a.m., Pacific Standard Time, Wedric.,dav, October 16, 1957. . Details as to the terms of sa'lc are included in the official notice inviting bids adopted September 16, 19 57. Description of Bonds The Water Bowls, 1957. aggregate $1,780,000 principal amount, each ill the denomination of $1,000, all to be dated November I. 19.57, and to bi'rome payable on November I of each year a., follows: Maturity Dale Annual November t Principal Amount 1958 - 1976 ................. ............................... 570,000 1977-1982 ................. ............................... 75,000 Interest is payable for the first year oil November 1, 1958. and the interest thereafter is payable annually by by coupon May I and Noreurber I each rear. Both principal . and interest are payable at the office of the City Treasurer of the City of Newport Beach, or at the option of the holler at any fiscal agency of the city in Los Angeles, Chicago, or iNcw York City. Redemption Provisions A3 provided in the orchuauce, bonds maturing on or b(-for(- Nurcmber f, 1972 arc not redeemable prior to the fixed Mrahrrity dates. Bond; maturing on and after November L 1973, a priraipal amount of $730,000, arc redeemable at the olition of the City Council oil November 1, 1972, or oil any interest par+nent date thereafter upon payment of the principal amount, accrued interest to date of redemtptiiort, and premiums as follows, based on the date of redemption: Year of Call Premium Year of Call 1972 or 1973 ....................... ........... 4c1' 1974 ............................. ....................... 31" rc ........... ...........................-------------- 3 r `/1.975 1976 . ............................... 2% Premium 1977 ..................... ............................... 2 %, 1978 ..................... ............................... 1 V2 �4 1979 or 198 0 ......... ............................... 1 1, 1981 or 1982 ......... ............................... i' -eli: Registration The bonds arc to be issued as coupon bonds and will be register-aldc only as to bath principal alld inlcrcdt. Tax Exemption In the opinion of U'Alclvcuy A Mycra, bond couu.;ei, interest on thi- bond,; is vxcrript front 1'rderad ;oi d State of California inronue taxes under existing statute.;, rcgulatioiis, or adminL ;trative rulings ; and the bonds are cxcntpt under the present laws of the State of California front all taxation in California other than gift, inheritance, and esiato rase.;. Legal Opinion All prcu-Mfieigs in CO Mm'Clitln with the i . ;mire of these bonds are subject to the aj ,)d.iro\ =al of O'Meh'irov &, dyers of Los Angeles, bom,l counsel for the City of Newport Reach. Tltc uMgoalifi0l opioiun of O'.Melvcuy S Myers approving the bond; as to legality will be furnished free of charge to the purchasers at the time of delivery of the. bands. 7 Purpose of Issue The proceeds of the $1,780,000 binds are to be used . to pay the cost of construction of the Rig Canyon Reservoir, major transmission lines, and various local water system improvements, described in later sections of this statement. Reservoir design and plans and specifications were prepared by the city's consulting engineer, )arses M. Montgomery, of Pasadena. Security Principal of and interest on the bonds are secured by and I)ayable from a tax oil all taxable property within the City of Newport Beach without limitation as to rate or anaoutit, Unless other funds an- available for payntegt of principal and interest uil . these bonds, the City Council has a mandatory duty to levy taxes for such payment. III actual practice, the city expects to pay all interest on and principal of the Water L'ouds, 1957, from water revenues. Water rates have been increased in order to produce the required income. Legality for Investment In the opinion of bond counsel, the bonds will qualify as legal investments for the funds of all insur- ance companies, trust compani", batiks, both commercial and savings, the State school funds, and any fluids which may be invested in bonds of any city, and the bonds may be deposited as security for the performance of ally act t +'henever the bonds of any county may be deposited, including dt•posit as security for public money, in California. Retirement Schedule The highest annual bond service requirements for the Water Ponds, 1957, occur in the first year bonds are outstanding, and requirements decline generally thereafter. Since $250,000 of capital itiiproyenent.. in the local distribution . system will be paid for from bond proceeds, normal . allowances for current capital outlay can be reduced in the next five years or so. Bond service requirenents will have declined substantially by the time addi- tional major improvements are needed. As mentioned above, interest on and principal of there bonds are to be paid from water revenues. FINANCIAL DATA Total city expenditures for 19:6 -57 amounted to $2,:166,658. Revenue sources are diversified with less than one-third of all revenues derived from property taxes. The percentage of revenues to be derived from prop- erty taxes is expected to be cvcn less in 1957 -58. Major sources of non - property tax revenue other than water revenues include $348,550 in sales and ti e taxes, $104,330 in annual royalties from oil operations, and some $92,000 per year from rental of city -owned property. The oil ievei ues are received by the city as the result of 14 wells drilled from outside the city into city - owned tidelands. The 1957 -58 city tax rate is $124 per $100 assessed valuation, unchanged from the precious year. Total applicable tax rate including city, county, schools, and special districts, is $6.8046 for 1957 -58 and was $6.4169 in 1956 -57. Table I presents a suninaary of the city's financial operations fnnn 1952 -53 to 1956 -57 inclusive. Assessed Valuation and Bonded Debt Property in Newport Beach is assessed for city purposes by the Comity of Orange and taxes are collected by the Orange County Tax. Collector, The State Board of F(lualizatiou reports the Orange County basis of assessment art not more than 30 per cent of market value, with utility property assessed at 50 per curt. Total market value of taxable property thus exceeds $214,000,000, The 1957/58 assessed valuation of the city is as follows: 3 CITY OF NEWPORT BEACH - ASSESSED VALUATION Local Secured Roll 1957 -1958 Land $ Mineral Rights -------------------- .............._............ $19,708,350 lmprovenients, Trees S Fine; ............. ................_.. .. 32,491,870 Personal Property ................................ _ ----- ............... 2,633;$00 Sub Total ..... ...._..... -' ...... -- ......._.... '-' ............. $;4,834,020 Less Excmptiuns .............. ............. .......................... 1_,712Ei00 'fotal -------- .... ... ...... ........ .------------ _.................. $ :53,121,420 UtilityRoll ..._ .......... ....._._................................... ............... .._.... 3,076,490 Total Secured ................ ........ ....- ---------- -._--- $5,6,197,910 Unsecured Roll (Net) ........ ..... .. .... ..........._.............. ....... _ ........ ..... 9,309,880 Grand Total ........... ........ ....................... $65,507,790 TABLE I CITY OF NEWPORT BEACH Summary of Receipts, Expenditures, Assessed Valuation, and Tax Collections. 1956 -57 195556 195455 1953 -54 1952-53 Assessed Valuation ........... ....-------- $59,383;040 $3.5,207,020 $30, 929,740 $45,595,660 $39,202,470 Highest Tax Rate Per $100............ $1.24 $1.14 $1.09 $1.13 $1.13 Tax Levy ---------------------------------------- $ 725,605 $ 622,157 $ 3;3,751 $ ;1;,970 $ 439.483 AtHOU nt fMin(luent at 6/30_.......... 8,021 10,323 9,085 10,831 4,103 Percent 1)elinyuent ---- _................... 1_11C�t 1.66% 1.641/c 2.10% .93j� Total Taxes Collected Tncluding Redemptions ... ............. ... ........ ..... $ 723.706 $ 619.340 $ 548,030 S 493,217 $ 440,187 P rcent of Total Tax lxiy ............ 99.74% 99.;.; 98.96,;. 95.59 ¢ 100.16c� lti:narrs: Propertp Taxes ............. . ............ $ 723,706 $ 619.340 $ 348,030 :$ 493,217 $ 440,187 Sales & Use Tax .... ............_........ 348,350 231,743 213,67:5 193,496 178;967 Parking. 34etcrs _ ........................ 28.450 22,005 20,471 1;,433 12,906 Licenses & Penuits ...................... 164,191 145,621 134,;3; 103,414 112439 Fines & Forfeits ..............._........ 82,202 67,716 72,634 58;213 43,730 Rcrenue; from Other Agencies.. 222,283 1;4,032 186,266 148;997 129,167 Miscellaneous .............................. 728,2;6 ;84,833 529,28; 497;436 430,382 Sub = total .. __ ............. $ 2 297,638 $ 1,82;,290 1;704,9]6 $ 1,51Q206 $ 1,347,798 Trust Accounts ..... ................... ._. 16,134 81,096 81,636 72,163 6626; Total Receipt, ._ ........ $ 2,313.772 $ 1;90086 S 1,786.;72 $ 1,582,369 $ 1,414,063 Exrr:xnrr(; w-S- Rood Interest ii Redemption...... $ 49,303 $ ;1,71; $ 53.760 $ 5;,80; $ 39,810 All Other Purposes._ .................. . 2,317,35; _. 1,845,136 ..�. 1,427.807 1,380,64; 1,388,601 Sub -Total .................... $ 2,366;6;8 $ 1,936,8x1 $ 1;481,;67 $ 1,436,4;0 $ 1,448,411 Trust ! \ceounts_..._. ........... __.... - 7600; 82,246 40,286 169,;80 Total Iixpciiditures.._.. $ 2,366.638 $ 2,012436 8 1,;63,813 S 1,4767736 $ 1.617,991 FUND RM AA('P: jum- 30: General Fund .... _ .......... ............ $ 468,931 $ 579,710 $ 48:5,030 $ 335,624 $ 208,149 Special Rc1 cuue Fund.,_ .............. 1;3314 126,23 1 136.987 6;,;80 987873 Special Assessment Funds .......... - - - - (124) Bond lnterest & Redemptiou...... 10,11; 20,987 37,243 4;,374 57.781 Utility FLm(]s ._ .......................... 39,949 21,872 30,639 36,438 72,043 l7wt Funds ............... __........_... - (23,603) 141,786 125,910 66,369 __ Totals ..........._._ --- .-------- $ 67-2.329__.$ 72-572 $ 831.683 $ 608926 $ 303.293 Tot;d city bonded indebtedness will amount to only $11.1,000 op October 16, 1957, before the 11337 water houds are .,old. Outstanding bond issues include the following; 1925 Water Bonds_ ............. ------------- _ .............. $30.000 1927 Jetty Bood; .... ............ ............. - .. ------------- _. 60,000 1940 Pier Bonds ............ .. ........... ..... ........ ........... . 21.000 A statenq'nt of direct and oierlapping bond indebtedness of the City of Newport Reach is presentc l in 'fable 2. 4 TABLE 2 DIRECT AND OVERLAPPING BONDED DEBT CITY OF NEWPORT BEACH As of October 16, 1957 Compiled in cooperation with California Municipal Statistics, Inc. Population .............. __....__ --- .................. 21.201 Assessed Valuation ------ ........................ $ 65,507,790 Estimated real. value * -_ 214,000,000 Bonded Debt Per Cent Applicable Applicable Oct. 16, 1957 City of Newport Reach Waterbonds, 19.. 57 ------ --- ........................... ............................... ....... 100. Prior issues ............ ._.. OrangeCountv ........ ...__,..._ .....................:.... ...._...- ---................_.. ---- 7.039,'. Orange County Flood Control District .............................. ._..----- ....._ 7.029 Orange Countv Harbor District ............................................................ 7.031 -Metropolitan Water District. ... ...................................... ......._._............ 0.454 -0.613 County Sanitation District #5 ......... .-------------------------------------------- --- 97.215 County Sanitation District #6........... ..._- ------ 4.988 County Sanitation District # 7 --------------------------------------- ------- ...._--------- 0.021 Costa 'Mesa Sanitary District.-, ------------------------------------ -------- --- 1.876 Newport Beach School District ........................... .......... ....... 99.365- 99.407 Costa Mesa Union School District ...................................... ---- - ------- 0.605- 14.625 TOTAL. GRoss DIRECT AND OVERLAPPING ltoxoF :o DEB -1 Self- Supporting Debt; City of Newport Leach Water Bonds ..... ................._.... ......... TOTMA Nvi- DIRECT AND OVERLAPPIM; RosueD Do:nT .................. Ratios to — Assessed Real Valuation Value Assessed Valuation Gross Direct Debt ............ . -------------- - 290% 0:88rjr Net Direct Debt ----- ....--`- --.---------------- 0.12 0.04 Gross Total Debt- .............................. 9.62 2.95 Net Total Debt._ .................................... 6.86 2.10 $1,780,00M- 111,000 89 971 %08.172 10,838 1,15$,241 657.173 38,009 8611 13,132 1,712,586 23,763 $6,303,736 1,810,000 Per Capila $3,090 85 4 297 212 *Prupertr is assessed be Orange County at not Icss than 30'le of market ealue, with utility pruperti' ($3,076,490.) assess(.. at 501,/e. rTo Le sold October 16. 1957. y— Scene at one of the four yacht clubs in Newport Beach. THE MUNICIPAL WATER SYSTEM The City of Newport Beach VVa4•r System scrycs almost all of the entire area iii the city and some :1(1di- tional users in adjacent unincorporated areas. The city has six Ncells producing Neater from the tianta Ana Ricer basin. One of these wells produce: irrigation water only. The wells piodurin>,r dontestice water baxc a combined capacitY of about 1,700 g.p.m. The Cite of Ncw'ptxt Beach became a memher of the Coastal Aiunicipal Water District and of the .Ctctro- politail Water District of Southern California in 1948 and has obtained an increasing percentage of its total tenter needs from the A'Ietropolitan system since deliveries began in 1949. Rcrently Completed improycments in the Vlctlopolitan facilities serving Orange County and the continnin,gr ,growth of 'Newport Roach can be expected to result in further increases in city purchases from the Mcnopolitau District. Table 3 shows mater production and purchase: by source: he years from 1950 to 1937. 1950 was the first full year during which the city received Metropolitan water. Dcliyrrics outside the rite arc primarily to the Irvine Company all(] the N(•typort Ileights Irrigation District. The city had a total of 9,311 active services as of the end of August 1957. A small number of w -axcr users in the ciU', primarily in recently annexed areas, are served by water agencies other than the city. An estimated 773 scrcicvs are in the city but screed by Newport Heights Irrigation District and 100 I)y Santa Aqa I lcights .Uutrcd U4tth•r Company. An area now proposed for annexation is in the Newport -Nicsa County Water District. Part of the City of Newport Beach. showing Harbor Island and .Balboa Island in the foreground, Corona del Mar at fop center and Balboa Peninsula at upper right. The area between Corona del Mar and Balboa Island is Irvine Company land being prepared for residen. tial subdivisions. J. S. 101 Alternate highway is at the left. TABLE 3 CITY OF NEWPORT BEACH Water Production and Purchases by Years Acre -Feet Water Rates In connection with the anticipated sale of the 1957 Water Bands, the City Council adjusted water rates ill the cite effective July 15, 1957. The rates now in effect are comprised of a readiness- to -seree charge and a quantity charge applicable to all water used. All of the services ill the city are metered. Watcr rates are sum- marized in the following table: CITY OF NEWPORT BEACH Monthly Water Rates Readiness to Serve Charge: Meter Site ),a-ioch ............... ............................... $1.75 1 -inch ............... ............................... 2.25 l i -inch .... -- ............. ................. .---- — 350 Increasing charges for larger muter:,. Quantity Rates: Cubic Feet per Month Rate per 100 Cu. Ft. Up to 2'0000 ............ .......................... $0.14 250,000 to 50000 ............................. 0.11 More than 500.000. .. ........................... 0.07 Pornler rates were $15; per month for 700 cu, ft. or Iuss and 12 cent; per 100 cu. ft, for all water in excess of 700 cu, ft. The service charge for meter inlstallatio❑ is $85 for a V4-inch meter and $110 for a I -inch meter. A "turn- on" charge equal to four times the monthly minimum charge is made for restoring service after it has been turned off. The city's .municipal water department rcndurs gill., binnonthly. Tablc 4 summari ics the uunnbcr of sery- iccs, consumption, amt charges since the 1952 -53 fiscal year. The water rates were increased during the 19;5- 56 fiscal year, but the 1957 increase is not rcilectcd in the table. 7 — Metropolitan Water District — Corona Femleaf Meter — Total City Year City Wells Del Mar Non -City° City Supply 1 957':: ---------------------- -- - ........- --- --- 1138 1043 220 574 2754 1956 -------------- ................. ......................... 1980 1323 313 810 4113 1955 ........... ............................................ 1858 930 371 969 3757 1 954 ........................................................ 1670 841 354 1035 3546 1953 ...................... . 1838 1140(x) 221(b) 13l (b) 3509 1952 ..._ ................................................... 1927 1041 29 &'d 1951 .............. ....... ............_.................. 2039 887 29.32 1950 ._ _ ......... . ..........._................... 2109 506 2615 (a) 20 acre -feel delivered for Boy Scour Jamboree. (h) July -r)ec. only. • So Id to Irvine Company and Newl),ri Heights Irrigalion District. January - August only (8 nnonths). Water Rates In connection with the anticipated sale of the 1957 Water Bands, the City Council adjusted water rates ill the cite effective July 15, 1957. The rates now in effect are comprised of a readiness- to -seree charge and a quantity charge applicable to all water used. All of the services ill the city are metered. Watcr rates are sum- marized in the following table: CITY OF NEWPORT BEACH Monthly Water Rates Readiness to Serve Charge: Meter Site ),a-ioch ............... ............................... $1.75 1 -inch ............... ............................... 2.25 l i -inch .... -- ............. ................. .---- — 350 Increasing charges for larger muter:,. Quantity Rates: Cubic Feet per Month Rate per 100 Cu. Ft. Up to 2'0000 ............ .......................... $0.14 250,000 to 50000 ............................. 0.11 More than 500.000. .. ........................... 0.07 Pornler rates were $15; per month for 700 cu, ft. or Iuss and 12 cent; per 100 cu. ft, for all water in excess of 700 cu, ft. The service charge for meter inlstallatio❑ is $85 for a V4-inch meter and $110 for a I -inch meter. A "turn- on" charge equal to four times the monthly minimum charge is made for restoring service after it has been turned off. The city's .municipal water department rcndurs gill., binnonthly. Tablc 4 summari ics the uunnbcr of sery- iccs, consumption, amt charges since the 1952 -53 fiscal year. The water rates were increased during the 19;5- 56 fiscal year, but the 1957 increase is not rcilectcd in the table. 7 The city has relatiaely few ycry large rNatrr users. About one in every 400 bills is for use in excess of 100,000 cu. ft. per month. Median monthly use is about 800 cu. ft. per user, Water Department Financial Operations Table ; presents income and expenditures for the city's Water Fund. With the new rates and charges effective in July 19:57, income is estimated to exceed budgeted expenditures . by about $200,000 in the 1957 -58 fiscal year. I'irst interest and principal on the 19;57 Water Bonds, estimated at about $145,000, will be due Noveniber I, 1958. Available water revenues are thus expected to be more than sufficient for these payments when they become, due. Allowances for capital outlay from current income have been reduced for 1957 -58 since $250,000 from the bond time proceeds will he used for improvements iu the existing water distribution facilities. TABLE 5 CITY OF NEWPORT BEACH WATER FUND TABLE 4 195455 1955 -56 CITY OF NEWPORT BEACH $246.167 $237,648 Summary of Water Services, Consumption, and Charges Disbursements: Fiscal Total Consumption 109.504 Year Active Services (Cuh c Feet) Charges 1956-:: 57 ------------------ ....... ... ..___.--- - ------ 9,019 1511,;;1,06; $319,369 1955-:: 56 .............. .......................... ....... 8.469 134,;18,100 238,613 19 54 -..5 ;. _...... _ .................. _.. _....--- - - -.. 8,338 129, 748, 9(111 223.426 19; 3- 54 ...... ......................................... 7,956 122,267,600 214,223 19.;2-.;3 .... .................... ..... ..... - -------- 7,601 109,687,600 205,012 The city has relatiaely few ycry large rNatrr users. About one in every 400 bills is for use in excess of 100,000 cu. ft. per month. Median monthly use is about 800 cu. ft. per user, Water Department Financial Operations Table ; presents income and expenditures for the city's Water Fund. With the new rates and charges effective in July 19:57, income is estimated to exceed budgeted expenditures . by about $200,000 in the 1957 -58 fiscal year. I'irst interest and principal on the 19;57 Water Bonds, estimated at about $145,000, will be due Noveniber I, 1958. Available water revenues are thus expected to be more than sufficient for these payments when they become, due. Allowances for capital outlay from current income have been reduced for 1957 -58 since $250,000 from the bond time proceeds will he used for improvements iu the existing water distribution facilities. TABLE 5 CITY OF NEWPORT BEACH WATER FUND $382,713 $451,700 Expenditures Administration ......... .................................. 1953.54 195455 1955 -56 Receipts _....... ----------------------------------- $246.167 $237,648 $261,547 Disbursements: Distribution Expense ----: ................... ...................._.... - - -. -- 116320 109.504 Maintenance and operation --- .... $171,766 $172;312 $207,417 Capital outlay ............. .------- - -------------------- 51,608 4085; 31,047 Total Disbursements .................... $223,374 $213,167 $238,464 1956 -57 OPERATIONS AND 1957 -58 BUDGET 195657 1957 -58 Actual Budget Income Water Sales .. ---------------------------- ----------------------------------- ---- _.. $343,784 5385,000 Connection Chargc5 .................................... - --- -- ------ . -------- 20,879 64,500 Other income - -- ------ ----- - - - - - - -- --------------- ---------------- ...... - 18.050 2,200 $382,713 $451,700 Expenditures Administration ......... .................................. $ 61,33; $ 38,494 Water for Resale..... ................._._._,..... ............................... .51,154 70,000 Other. Production and Purchase- ... --- ------------ ----------------- 25,28.,5 24,036 Distribution Expense ----: ................... ...................._.... - - -. -- 116320 109.504 Maintenance and Operation. ---.._.---- --.-------- ------. -- ---- S- 54;094 ,2 $ 034 242; . Capital Outlav _ ................_............... ........--.-.---,......,...---- 155.434 9,60(1 Total Fxpenditures ---- ------- --------- - - - - -- ---- --- .............. .. $409,528 $2;1,634 WATER FUND BALANCE SHEET JUNE 30, 1957 Assets Liabilities Cash .... ---- ............. .... -..._. S :39,949 Customer Deposits .............. $ 9,295 Accounts Receivable - --- - -_ - - - 22,221 1'rior Year F.ncmnbrances -. 31,844 Inventories ...... ....... -------------- 51,552 Unappropriated Surplus .... 72,;83 $113,722 $113,722 8 New Facilities Projects to be included in the water works expansion program financed by the. sale of these bonds include the following items: Big Canyon Reservoir. ..._..... $1,240,000 (600 acre -foot. capacity) Transmission Lines ............... ........... _.. ----- . 289,500 Distribution System Improvements,......_. -_ 250,000 Costs estimated above include eirgiueering and other incidental expenses. Construction of Big Canyon Reservoir will add much needed terminal storage facilities in which the city can store water purchased from Metropolitan Water District. The city now has combined storage of only 13.9 acre -feet and is dependent on the continued ability of the Metropolitan District to supply wato :r without inter- ruption. The new Big Canyon Reservoir will permit future extension of service into the, 5,950 acres. of Irvine Company land now in the Coastal Municipal Water District and expected eventually to be. annexed to the city of Newport Beach. The new reservoir is designed to provide a 3 -day supply for the ultimate development of the existing city and this additional area. Recognizing the benefits of the proposed reservoir to its land, the Irvine Company has donated the rescr- voir site to the cite of Newport Beach, Metropolitan Water District The City of '_Newport Beach receives its supply of imported water through the Orange County feeder line of the Metropolitan Water iiistrict. Capacity of the Orange County feeder has recently been increased so that it can now deliver an estimated 80,000 acre -feet of water per year to Orange County if operated continuously at full capacity. The present facilities delivering water to Newport Beach have a design capacity of 13 Co. ft. per second, and additional feeder capacity is planned. A lower feeder line is planned for coustruction in the very near future to increase the Metropolitan District's capacity even further. . The Cite now pays $22.00 per acre -foot for water purchaser{ from the - Metropolitan Water District. Local Distribution System An estimated $250,000 of bond proceeds will be used to eliminate deficiencies in the local distribution sys- tem. This work will be in addition to substantial expenditures which have been made from accumulated water revenues. Ninth of the work contemplated involves completion of loop; in the distribution system in order to .assure adequate supply and pressures for fire protection and other uses. A 14 -inch line under Newport Bay connecting Balboa Island with the mainland was completer) in 1957.. THE CITY OF NEWPORT BEACH Newport Beach is a primarily residential city located on what is generally considered the world's finest small boat harbor. The city is located in Orange County .about 41 miles southeast of I,os Angeles. 19 miles from Long Beach, all(] 16 mills from Santa. Ana, It is bounded on the Borth by the Cite of Costa Mesa. in- corporated in 19,,53. The incorporated city of Newport Beach includes several distinct communities within its boundaries. Bal- boa, Balboa island. Corona del Mar, and Lido isle are among the best known of these. Once known primarily as a resort town, Xewport Reach has a steadily growing residential population and is developing local industry. Located on Newport Bay and the Pacific Ocean with excellent climate. unparalleled recreational opportunities all(] no smog, Newport Beach is considered one of the very finest places to live in southern California. Its residents include many executives and professional people, artists, writers, .retired people and other individuals who are permitted a wide choice of places to live.. Orange County is the fastest growing of California's 58 counties. As the county continues to grow'. along with all southern California, Newport Beach will he increasingly in demand as a place for homes and for cony mcrcial and industrial activity. Tourists and visitors continue to make important contributions to the city's economy, but Ne%vport Beach is gory much Tess dependent on vacation activity than on its permanent residential population. Economic indices of the growth of Newport Beach are presented in Table 6. View of part of Newport Beach with Lido shopping center and the city hall in the foreground.. Balboa Peninsula and Lido Isle .are off the picture to the Jeff. TABLE 6 CITY OF NEWPORT PEACH- ECONOMIC INDICES Area and Population The City of Newport Beach has a gross area of 6.7 square miles; 4.4 square miles of land and 2.3 square miles of water exclusive of open sea. Nearly 35 per cent of the land area is vacant and developable. In 1950 total city area was reported as 3.2 square miles. Areas annexed since 1950 have included the Upper Bay and other undeveloped areas. Most of the vacant developable land now in the city has been annexed since 1950. Proceedings for annexation of an additional 400 acres of land in the Upper Bay area, owned by the Irvine Com- pany, are now under way. This land is adjacent to the Orange County Airport and planned for industrial development, The 1957 special census reported a city population of 21,201. Population growth since- 1920 is shown in the following tabulation POPULATION Newport. Beach* Orange County 1920 --------- ........... ........ ................ . -------------- 1941 1951 1957 Population© 118,674 1940 ---------------------------- ................................ 4,438 City of Newport Beach- ------------------------- - - - - -- 4,438 12,220 21,201 Orange County ------------ ----- -------------- ------------ 130,760 216,224 539,218@) Assessed Valuation ------------------------------------------ $10,473,760 $38,975,000 $65,507,790 Gas Services0 -------------------------------------------------- 2,932 7,190 10,344 "Telephones® ------------------- ----- ------ -- -------- ----------- 2,225 9,186 22,895 Building Permits .............................................. $ 1,160,122 $ 8,629,004 $12;971,512 ®) Electric Connections ............ .. ...... .------------------- 4,203 8,428 11,83$ Water Services ------------------ ........ --------------------- 3,942 6,817 9,12.5 Elementary School Registration .................... .. 509 1,649 3,059 High School Registration- --------- ---------------- - - - - -- 529 1,016 2,159 O1940 and 1950 Regular Federal Census and 1917 Special Census. Estimated. Newport Belch and Costa Mesa. aQ For 1956 Calendar Year. Area and Population The City of Newport Beach has a gross area of 6.7 square miles; 4.4 square miles of land and 2.3 square miles of water exclusive of open sea. Nearly 35 per cent of the land area is vacant and developable. In 1950 total city area was reported as 3.2 square miles. Areas annexed since 1950 have included the Upper Bay and other undeveloped areas. Most of the vacant developable land now in the city has been annexed since 1950. Proceedings for annexation of an additional 400 acres of land in the Upper Bay area, owned by the Irvine Com- pany, are now under way. This land is adjacent to the Orange County Airport and planned for industrial development, The 1957 special census reported a city population of 21,201. Population growth since- 1920 is shown in the following tabulation POPULATION Newport. Beach* Orange County 1920 --------- ........... ........ ................ . -------------- 894 61;37; 1930 --- -- --------- ----- - -------- _----- -- --------- ------- 2,203 118,674 1940 ---------------------------- ................................ 4,438 130,760 1948 ----- --- - -' . --------------------------------------------- 10,994 1950 ..... -------------------------------------------------- 12,220 216,224 195; ----------- .................. ----- ----•- -- -------- :------- 18,541 1957 ........ - -.... --------- -------- ........_ ....... 21,201 584,8;2f *Regular and Special L'. S. Censuses. }lone 30 estimate. Master plan studies conducted for the city by Hahn, Wise and Associates, planning consultants; indicate an ultimate population for Newport Beach of 79,000, to be reached in 1991. The master plan studies assume that an additional 5,9;0 acre, will be annexed. The area assumed to be annexed is Irvine Company land with- in the Coastal Municipal Water District and within the service area of the reservoir to be constructed with the proceeds of the bonds described in this statement. Climate and Topography Average maximum air temperature. is 67.9' F., and the average minimum is 53.0'. Average water temper- ature is %00 F. Average rainfall is 12.9 inches per year, almost all between November and April. Average maximum humidity is 83 per cent and average minitnum 7; per cent. The peninsula and island., are nearly level, with elevations between 8 and 20 feet. Elevations in other parts of the city range up to 163 feet above sca level. History :Settlement at the present site of Newport Beach dates back to about 1860, when ships came into Newport Bay for cargoes of hides and tallow. Shipping activity continued as agriculture developed on the Irvine Ranch and other inland areas. An ocean pier was built in 1888. The name "New Port" was adopted when shipping operations were moved to the pier, replacing this former names of fort Orange and McFadden's Landing.. The Santa Ana and Newport Railroad was completed in 1892, linking the ocean pier with Santa Ana. After completion of the railroad, Newport became popular as a summer resort. Regular Pacific Electric pas- senger rail service began in 190.5, and Newport Reach was incorporated as city in 1906. Harbor Development Harbor development has been important in contributing to the growth of Newport Beach. The city financed construction of a jetty west of the harbor entrance in 1917. The Orange County Harbor Commission dredged the harbor, reconstructed part of the jetty, and made other improvements in 1919. The city built an cast jetty in 1927, and additional dredging was financed through public subscription. The cast jetty was ex- tended in 1933 by the federal government with county matching funds. The harbor was dredged to a depth of 20 feet in 1936, and a seawall was built around Balboa island. The harbor, as it now exists, has cost a total of $4 ,046,300. Of this amount, the city paid $.1,066,942, Orange County `1,178,196, the federal government $1,027,362, and private interests $773,800. Communities The original town of Newport grew in connection with shipping and the railroad, and this was included along with Balboa in the original city incorporated in 1906. Other communities have been developed more recently and annexed to the city. Corona del Mar was annexed to Newport Beach in 1923 and 1926. Balboa Island and Lido Isle were built with material dredged out of the bay, anti there is very little unde- veloped land remaining now on either island. The population density of Balboa island is reported to be higher than that of Manhattan island. in New York City, and 35 -foot lots are reported to bring the highest prices per lot in the world for residential properties. Bay -front property throughout the city now generally sells . at prices of $1000 per faint foot and up. Several new areas have been developed since World War I I on the mainland side of Newport itay in Newport Heights and in and near Corona del Mar. Onc of the newest of these is Irvine Terrace, where laud is being leased for houicsites by the 1 mane Company rather than Icing sold in fee. The Upper Bay is now the largest undeveloped area within the Newport Reach city limits. Most of the land surrounding Upper Bay is owned by the Irvine Coinpany, which has plans for a yacht basin and recrea- tional area. Part of the Upper Bay has been acquired by Orange County for development as a county water park, and other areas will be developed for residential honxcsites. Portions of the Upper Bay area are intended for light manufacturing. Newport Beach City Hall, built in 1948 without incurring debt. One of the Pacific Ocean beaches in the city, City Government Originally incorporated in 1906, Newport Beach adopted a charter in 1954 and now operates under that charter as amended. The City Council consist, of seven members elected at large for four -year terms from seven districts within the city. The mayor is selected by the Council from among its membership. Councilmen are the only elected city officials and serve without salary. The Council appoints the city manager, city clerk, and city attorney. All other employees are appointed by and. responsible to the. city manager, who administers the affairs of the city under policy direction of the Council. Most .city departments are housed in the modern city hall, constructed in 194$ without incurring debt; The city has a police department of 53 officers au(] 5 civilians and, in addition, temporary employees and reserves. Fire department has a total per. oOnuel of 40 and a new fire station (No. 6) is to be put into operation during the 1957/58 fiscal year. The city's fire defense rating was reduced from Class 6 to Class 5 (]tiring 1957, and further .improvements may be expected as a rtsuh of water supply improvements. The city has 95 milts of streets, all paved, and is able to accumulate most of its state gasoline tax subvert tions for use on major projects.. Several improvements in the city's administrative organization have been made during the past year and others are planned for the innnediate future. The budget and The accounting system have, been reorganized in conformance with accepted standards, centralized purchasing has been instituted, and new personnel and training programs have been adopted. The city recently adopted new uniform plumbing and building cod" and a new business license ordinance. The City Council has authorized appointment of a full -time professional planner and an assistant director of public works in charge of water and sewer work. Through the work of the Newport Beach Citizens Advisory Committee on Capital Improvements, a long - range program of city capital improvements is being adopted. A sewer service charge will be adopted to provide funds for needed improvements in the sewage collection system. Certain other improvements may lie.. financed through the sale of bonds, and a bond election is contemplated for April 1958, primarily to finance acquisition of land for parks an<l public buildings. The Citizens Advisory Committee appointed by the City Council consisted of 78 persons broadly repre- sentative of the community. The committee met regularly as a whole and in seven sub- connuittees over a four - month period before adopting a final report. Commercial and Business Activity Newport .. Beach has several local business districts serving the different communities within the city. The largest single concentration of Conuuereial activity is located around the city hall. The State Board of Equaliza- tion estimates that taxable retail sales in Newport Beach will amount to $38,665,000 during 1957 -58. This fig- tire does not include sales of food and gasoline nor of real property. The State Board of ]:qualization estimates that the volume of business in 1957 -58 will be 14.76 per cent higher than for the comparable period in 1956. . Newport Beach has two branches each of Bank of America N. T. & S. A., and California Bank and is the hone of Newport - Balboa Savings and Loan Association. An office of Security -First National Bank of Los. Angeles will soon be opened. Sales Management magazine estimates that the effective annual combine(] buying power of Newport Beach residents is $2,314 per capita, about, 10 per cent higher than the state -wide average for California, and $6,297 Pei family. Visitors and vacationers contribute substantiall. to the local economy but Have become relatively less ini- portant as the permanent population . has grown, Newport Beach has only a few hotels and motels and most vacationers, other than those staying for a day only, rent houses by the week or month. Harbor Activity The Orange County Assessor reports that 3,931 boats were berthed in Newport Harbor in March 1957, with a551 -`Sed valuation of nearly $7,000,000. Most bay -front homes have their own piers, and there are several large public anchorages. In addition, thousands of outboards and other small boats are brought to Newport 13 Beach each year and operated on Newport Flay. Several classes of sail and power boats ;tr(: manufactured in Newport Beach. Newport Harbor is udder jurisdiction of the cit'v and the Orange Count)' Harbor District. The latter dis- trict is virtually county -wide and governed by the Board of Supervisors through a harbor manager. The Super- visors .appoint au advisory five -man Harbor Commission. Harbor engineering and management are handled b) the district. Twelve harbor patrolmen provide continuous patrol of the harbor using It fleet of six boats. Harbor operations became the, full responsibility of the district for the first time in 1957 after hating been handled jointly with the city. The change resulted in an annual saving to the city of about $27,000. Special sailing events in Newport Harbor include the Newport- 1,Inscuada Yacht Race, world': largest inter- national sailing competition, and the Plight of the Snowbirds. The latter race features the Snowbird class sail- boat, a small our -sail, one- desigu boat designed in Newport ]leach, and has more entraps than any other yacht race in the world. Newport Harbor has four private yacht clubs, the oldest of which was organized in 1916. Newport Beach is a center for sport and commercial fishing. More than 100,000 sport fishermen spend more than $5,000,000 annually for equipment, boat trips, clothes, and other item.. There are 244 acres of publicly owned beaches within the city limits. "these include the city- owned beaches on the Pacific Ocean and on Newport Bay and the Corona del Mar State and City Beach Park. Lifeguards are employed by the city but paid in part by Orange County. Highways and Transportation Newport Reach is on the Coast Highway (U.S. 101 Alternate)., a major highway between Long Beach and San Diego. This highwa) is expected to be constructed to freeway standards au(l relocated a short distance in- land from its present alignment through Newport Peach. L.S. 101, the Santa Ana Freeway, has been completed as a full freeway or is under construction from l.os Angeles to its junction with the proposal San I)iego Freeway at El Toro, a total of 42.8 miles. This free- way is 10 stiles northeast of Newport Beach and a route has been adopted for a new freeway connecting the city to the Santa Ana Freewat-. A portion of the latter route, through the City of Costa Mesa. has u been con- strcted. The proposed San Diego Freeway; for which a route has been adopted, will be constructed about five miles inland from Newport Reach and will serve to relieve traffic congestion on the Coast I lighway through the city. Rail transportation for freight only is provided by Pacific Electric from Newpm4 (leach to the Los Angeles area Seven truck lines operate in and out of the Newport Beach area, and regular bus service is available to Los Angeles, Long ]leach, San Diego, Santa Ana, and other points. The Orange Cuiiuly Airport is immediately north of Newport Beach. Itcgular air service is provided with three round trips daily to Los Angeles International Airport and to Phoenix. Industry Largest industrial establishment in Newport Beach is the new $2,.500;000 plant of Helipbt Division of heck -man lnstruments, Inc. This 150,000 - square foot structure will house )inure than 1.,000 eniplove" engageul . in manufacturing precision components for electronic instruments and. systems, "1'hc division derives its Iran)( from the helical potentiometer, which is one of its principal products. The cite proposes to zone two areas to facilitate developinent as industrial parks, and Newport Beach will probably prove well suited to technical and scientific industrial organizations such as Hchpot. As di `cussed in detail below, Orange County is developing rapidly as a center for electronics and other precision manufacturing. loatbuildhig is a well cstahlished Newport Beach industry. Population growth and growing interest in boats indicate that this industry- can be expected to continue to prosper. 14 Utilities Newport 1'teach is supplied with electricity by the Southern California Edison Company and natural gas by Southern Counties Gas CompanY.. Telephones are owned be Pacific Telephone tc Telegraph Company, Dial service will be extended oil November 1 to all subscribers who do not now, have dial telephones, and long distance dialing service will be available. The cite maintains its own sewage collection systein, and sewage is transported to the Santa Ana Niver trcahticut plant of the Orange County Sanitation Districts. tiewage is disposed of thretugh a '7,000 -foot ocean outfall. Newport Beach is a member of Sanitation Districts NTos. 5, 6, and 7. The Orange County sanitation districts havc . a joint administrative organization. Schools The Newport (;each Ffenientary Schoof District is virtually coterminous with the city and has five cle- mcintary schools. A total of 3,059 pupils were enrolled for the 1956 -57 school rear. Newport ldcach is part of the Newport Harbor Union High School District, and the high school with 2,139 students is located ill the City of Nrcwport Beach. The high school district has no outstanding banded debt. Newport Harbor and Huntington Beach high school districts comprise the Grange Coast junior College District, The Orange Coast junior College has just completed a `F2,500,000 development pnogr in at its campus in Costa Mesa. The William G. Kerekhoff Marine Laboratory of the California Institute of Tcchnoiogy is located in the China Core section of Corona del Mar. The laboratory was established here in 1930. Community Organizations Newport (leach has many active community organizations, some purely local and others serving an area larger than the city itself. The principal communities within Newport Peach each have their associations of 1)1-r5perty ow"cis; and there are several active busiucss associations including the Newport Harbor and Corona del filar Chambers of Coiumerce. The new Newport Beach plant of HelipD+ Division of Beckman Instruments, Inc., opened in 1957. .. There are 33 community improvement associations and service clubs in Newport Beach and a league of civic associations. The Lido Isle Community association has a permanent staff of five employees and maintains a clubhouse and other facilities for its members. Through deed restrictions, the association is given substantial powers to regulate the use and development of land on Lido. Isle. Major fraternal orders,: veterans organizations, and service clubs are represented in Newport Beach. There are four yacht clubs in the city and:, in addition, the private Balboa Bav Club, which is located oil city -owned laud. The Irvine Coast and Santa Ana Country Clubs are both nearby. The Hoag Memorial Hospital - Presbyterian serves the entire Newport Harbor community. A $2,000,000 building program is under way to expand the hospital's facilities. Newport Beach, with Balboa and Balboa Island branches, and Corona del Mar have post offices,: and 1956 postal receipts totalled more than $3:50,000: Participation and interest in community affairs is indicated Inv the decisive 35 to 1 margin by which the water bonds were approved. The Irvine Company Newport Beach's past and its future development are closely related to those of the Irvine Company, Orange C:ount'v's largest landowner. The Irvine Ranch now includes about 94,000 acres extending across Change County northeasterly front Newport Beach and Laguna Beach. These holdings, originally 110,000 accts, were acquired by James Irvine and his associates between 1864 and 1876. Most of the Irvine Ranch is now devoted to agri- culture. About 38,000 acres are devoted to oranges, walnuts, barley, beans, and Tither orchard and field. crops, and the remaining land is principally used for grazing. Much of Newport Beach was originally owned by the Irvine Company, and the coliipany is still a large property owner in the city. lots in the Irvine Company's ocean -front subdivisions are not being sold but are leased, generally for more than 50 years. High standards of development are being maintained in subdivi- sions on Irvine land. All utility lines, for instance, are underground. The Irvine Ranch was the scene of the 1953 National Boy Scout Jamboree, during which 100,000 scouts camped on the hills overlooking Newport. Pay. The Irvine Company is now owned 51 per cent by the Irvine Foundation, a non -profit charitable trust. The company owns almost all of the land into which Newport Brach can logically be expected to expand in the future. Company policy is to develop land slowly, to maintain high standards of improvement, and to an- nex land to the city as it is developed. Community facilities will be expanded gradually as required to serve these new areas. Orange County Orange County is California's fastest growing county. Population in 1950 was 216,224, and 1937 . estimated population is 5$4,832. The cities of :Santa Aua, Anaheim, Garden Grove, and Fullerton all have populations of more than 40,000. About 60 per cent of the county's population lives within the 21 incorporated cities. Agricultural land has steadily been withdrawn from use and converted to residential or industrial use. Total tree fruit and out acreage in 1916 was 47,284, compared with 85,213 in 1939. The comity's agricultural productivity has been overshadowed by the rapid growth of population and industry. Electronic manufacturing is the biggest new industry in Orange County. Well known firms in Oiangc Coulity include Hughes Aircraft Company, Byron - Jackson division of Borg - Warner Corp., Beckman Instru- ments; Inc., Northrop Aircraft; Inc., Alice Lansing Corp., Sylvania Flectric Products; Inc., and Robcrtshaw- Fult in Controls Company. The following tabulation presents the estiniatcd total employment by types in Orange County in July 1937, according to the California Department of Emplo>ancut. 16 ORANGE COUNTY EMPLOYMENT TOTALS* July, 1957 AZ iculture, Forestry and Fishing :......... ..........._._............__._. 12,200 N4inoral F.xtraction .................._._............ ........._,........._.......... 2,100 Contract Construction ............ .............. . ............. ............ ._.... ... 12,700 '_Wallufacturill" _ ............._ ........— .......... ........................ . ..-- 29,700 Transportation., Cot ill nuniCations and Utiliti. ..... ................ .. 7,000 Trade — Wholesale : 4,700 ;. Retail : 30, 000 ......... ............... _.._. 34,700 1`irtance, Jusuralict, Real F- state .............. .......- ..................._... 4,900 Service Judustrie ............_..-- ............. ........- ------- ............... 28,000 Goceruoicut.............. ............... ................_. ..........................._.,. 8.400 All lodustriex ..................... ....... .. ......... ....... .......... 139,700 *Figures are estimated totals rompiled for the Orange Chits Board of Suprr- cisors by the California Researrli anrd Statistics Di6.,ion of the Sowhem Area office, Department of Employment. Among natioually famous places in Orange County arc Disuerland. Wall Disuex's magic kio�dom in Aua- hcim.. 13 mites north of Newport Bcach, and Knoll's Berry Farm at Hucita Park. Pacific Class yachts in action in Newport Bay. 1' It bus fox s�s]`° This being the time and place fixed for the opening of bids for the $ 1,780,000 bonds of the City of Newport Beach , California, 4esignated WATER BONDS, 1957, and numbered l to 1,780 , inclusive, the following bids received pursuant to the notice of sale were publicly opened, examined and read: [List reach bid us g n each a whin ver of 't he fo a belo s plica In e case o a b made o be if of a tha 1. one bonds use, the .nam all m ers of tb synd a hould be c uded the tabulattion. ] bid,,,par, accrued interest to date of delivery and a premium of $ for bonds bearing an interest rate of %`per annum, payable annually for the first year and semiannually - -- thereafter. , [Use form above- -,in cases where my one rate is bid -- otherwise use fo below.] \ bid par, accrued interest to date of delivery and a premium 0 of $ IO – for bonds bearing interest payable annually the first year and semiannually thereafter at the rates of: Rate 3� 4 ,4 Years 19-LL to 19,E 19,E to 19-11 19 r j to 19—L)� 19_ to 19— 19 to 19. 0 0 Each bid was accompanied by a good faith check in an amount not less than 4 All bids were then referred to for checking and compu- tation, a report thereon to be given to the Council later in this meeting. t••� w w w w w• w r The committee appointed to check and compute the bids on the bonds for which bids were opened previously during this meeting reported that the bid of is the bid yielding the lowest net interest cost. After considering the various bids and the report thereon, it was moved by that Resolution No. seconded by entitled "Resolution of the City Council of the City of Newport Beach Awarding Bonds of said City to Best Bidder" be adopted. Upon the following votes AYES: Councilmen NOES; Councilmen ABSENT; said Resolution No. Councilmen 2. was declared adopted. T Include names of all members of a syndicate RESOLUTION NO. RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH AWARDING -t II 000 BONDS OF SAID CITY TO THE $ T DD fit AND REJECTING ALL OTHER BIDS. c WHEREAS, at the time and place fixed for the opening of bids for the $ 1,780,000 bonds of the City of Newport Beach designated WATER BONDS, 1957, , and numbered 1 to 1"780 both inclusive, all bids were publicly opened, examined and read, and a tabulation thereof has been entered in the minutes; and WHEREAS, the bid of the bidder hereinafter named is the best bid made by a responsible bidder for said bonds; NOW, THEREFORE, the City Council of the City of Newport Beach DOES HEREBY RESOLVE, DETERMINE AND ORDER as follows: Section 1. That the bid of offering par, accrued interest to date of delivery and a premium of $ for said bonds to bear interest payable annually the first year and semiannually thereafter at the rates of: > CC c WHEREAS, at the time and place fixed for the opening of bids for the $ 1,780,000 bonds of the City of Newport Beach designated WATER BONDS, 1957, , and numbered 1 to 1"780 both inclusive, all bids were publicly opened, examined and read, and a tabulation thereof has been entered in the minutes; and WHEREAS, the bid of the bidder hereinafter named is the best bid made by a responsible bidder for said bonds; NOW, THEREFORE, the City Council of the City of Newport Beach DOES HEREBY RESOLVE, DETERMINE AND ORDER as follows: Section 1. That the bid of offering par, accrued interest to date of delivery and a premium of $ for said bonds to bear interest payable annually the first year and semiannually thereafter at the rates of: �4 c WHEREAS, at the time and place fixed for the opening of bids for the $ 1,780,000 bonds of the City of Newport Beach designated WATER BONDS, 1957, , and numbered 1 to 1"780 both inclusive, all bids were publicly opened, examined and read, and a tabulation thereof has been entered in the minutes; and WHEREAS, the bid of the bidder hereinafter named is the best bid made by a responsible bidder for said bonds; NOW, THEREFORE, the City Council of the City of Newport Beach DOES HEREBY RESOLVE, DETERMINE AND ORDER as follows: Section 1. That the bid of offering par, accrued interest to date of delivery and a premium of $ for said bonds to bear interest payable annually the first year and semiannually thereafter at the rates of: • 9 Rate Years 19— 19_ 19 19 to to to to to 19 19 19- 19- 19— is the bid for said bonds yielding the lowest net interest cost. Said bid is hereby accepted and the bonds awarded to said bidder in accordance with the terms of its proposal. Section 2. That all bids, other than the one accepted in Section 1 hereof, are rejected and the City Clerk is directed to return the checks accompanying said rejected bids to the respective bidders. Section 3. That the interest rate(s) on said bonds (is) (are) hereby fixed at the rate(s) stated in Section 1 hereof. Section 4. The City Treasurer is hereby directed to deliver said bonds to the successful bidder upon the pay- ment of par, accrued interest to date of delivery and the premium above stated. ADOPTED, SIGNED AND APPROVED this day of , 19 5T. ATTEM Newport $each,the California (SEAL) Mayor of e City Of Newport Beach, California [Add customary adoption certificate and on copy returned to G'Xelveay & Myers also add copy certificate,] 2. � r STATE OF CALIFORNIA COUNTY OF `- BRANQE ss CITY OF WFORT BXACZ -: ;Y. I, ldARGERY SCHROUMM CSty Clerk of .:the `City o 8C :;,_;`r., a Torn D0 HEREBY CERTIFY that the "orego ng res°u ion was duly adept'ed by, Council of said ci€y and was. approved by the mayor. of said 'city at ate: regular :meetiog of _. saidCity Council, held-0 n .,M day' of > , 19 andthet at was'eo opTT as follows AYES:. Counsjlmen NOES: = .:Councilmen AELSENT. ' '.'` Councilmen 1 y er o e 1 jr:. o (SEAL) Fewport'Beach,'.California STATE OF CALIFORNIA COUNTY OF ORANGE ) CITY OF NEWPORT BEACH ) '.City SCHROUDER ,.City Clerk of I, N , OER j. the City of wwp_' B ach . , a ornia,. DO HEREBY.. CERTIFY that the -a. ove and,-foregoing is A full, true and.- correct..copy of Resolution No. , and that the same has not been.'amended or repea, e. ; DATED: :' i9 y er o e' y or (SEAL) Newport Beach, California V • ORDINANCE NO, Ss3s AN ORDINANCE OF THE CITY OF NEWPORT BEACH, CALIFORNIA, PROVIDING FOR THE ISSUANCE OF SONDE OH SAID CITY IN THE AMOUNT OF $l x 70__0, 000. WHEREAS, pursuant to Ordinance No. 819 of the City of Newport Beach, California, a special Mnieipal election was duly and regularly held in said city on the 28th day of Key, 19571 at which election there was sub- mitted to the qualified voters of said city the following bond proposition, to wit: BOND PROPOSITION: Shall the City of Newport Beach incur a bonded indebtedness In the principal sua of $1,780,000 for the purpose of the acquisition and construction by said city of a certain municipal Improve- ment, to wit: a grater storage reservoir with water transmission lines and appurtenances and appurtenant works, water pipelines and other works for the storage, transmission and distribution of water, Including the acquisition of all lands, easements, pipe, pumps, valves, fittings, metera, machinery, apparatus and other property necessary therefor? WHEREAS, said proposition received the affirmative vote and assent of more than two - thirds of all of the qualified voters of said city voting at said election, and said city is now authorized to issue bonds in the amount and for the purpose set forth in said propositions NOW, THEREFORE, the City Council of the City of Newport Beach, California, DOES ORDAIN as follows: • Section 1. That bonds of the City of Newport Beach, California, in the principal sum of $1,780,000 be issued and sold for the purpose not forth in the bond proposition in the recitals hereof. said bonds shall be designated WATER BONDS, 1957, shall be 1780 in Weber, numbered 1 to 1780, both inclusive, and shall be of the denomination of $1,000 each. Said bonds shall be dated November 1, 1957, and shall be payable in consecutive numerical order $70,000 on November 1 in each of the years 1958 to 1976, both inclusive, and $75,000 on November 1 in each of the years 1977 to 1982, both inclusive. Section 2. Said bonds shall bear interest at a rate or rates to be hereafter fixed by resolution, but not to exceed six per cent (6%) per annum, payable annually the first year and semiannually thereafter. Said bonds and the interest thereon shall be payable in lawful money of the United States of America at the office of the City Treasurer of the City of Newport Beach, California, in said city, or at any fiscal agency of said city in Los Angeles, California, or in Chicago, Illinois, or in New York, Now York, at the option of the holder thereof. Section 3. That the Mayor of the City of Newport Beach and the City Treasurer of said city are hereby authorized and directed to sign all of said bonds by their printed, lithographed or engraved facsimile signatures, and the City Clerk of said city is hereby authorized and direoted to countersign said bonds and to affix thereto the corporate 2. • 0 seal of said city, and the City Treasurer of said city is hereby authorized and directed to sign the interest coupons of said bonds by his printed, lithographed or engraved fac- simile signature, and to number said interest coupons of each of said bonds consecutively. Section 4. That said bonds and the coupons for the interest thereon shall be issued in substantially the following forms UNITED STARES OF AMERICA STATE OP CALIFORNIA CITY OF NEWPORT BEACH WATER BOND, 1957 No. $1,000 The CITY OF NBMPORT REACH, a municipal corporation situated in the County of Orange, State of California, FOR VALUE RECEIVED, hereby acknowledges its indebted- ness and promises to pay to the bearer hereof the sum of ONE THOUSAND DOLLARS on the first day of November, 19 , with interest thereon from the date hereof at the rate of per cent () per annum, interest for-TRe- first year payable a the end of said year and interest thereafter payable semiannually on the first days of May and November of each and every year until this bond is paid, on presentation and surrender of the respective interest coupons hereto attached. Both principal and interest are payable in law- ful money of the United States of America at the office of the City Treasurer of the City of Newport Beach, California, in said city, or at any fiscal agency of said city in Los Angeles, California, or in Chicago, Illinois, or in New York, New York, at the option of the holder hereof. This bond is issued by the City of Newport Beach under and in pursuance of and in conformity with the charter of said city and the provisions of Article 1, Chapter 40 Division 4, Title 4 of the Government Code of the State of California, and sets supplementary thereto, and in pursuance of the laws and Constitution of the State of California, and is authorized by a vote of more than two- thirds of all the qualified voters of said city voting at an election duly and legally called, held and conducted in said city on the 28th day of May, 1957. 3. 0 Unless this bond matures on or prior to November 19 19721 it is callable and redeemable prior to maturity in accordance with the provisions for redemption endorsed hereon. IT Id HEREBY CEATIFI88, RECITED AND DECLARED that all acts, conditions and things required by lax to exist, happen and be performed precedent to and in the issuance of this bond have existed, happened and been performed in due time, form and manner as required by laws and that the amount of this band, together with all other indebtedness of the City of Newport Beach, does not exceed any debt limit prescribed by the laws and Constitution of the State of California. IN W17M ESS WHF.RFOF, said City of Newport Beach has caused this bond to be signed by the Mayor and City Treasurer of said city by their facsimile sig- natures, countersigned by the City Clerk of said city, and sealed with the corporate seal of said city, and the interest coupons hereto attached to be signed by said Treasurer by his facsimile signa- ture, and this bond to be dated the first day of November, 1957. facsimile a nature} mayor of the Cite Newport Beach, California. [facsimile si nature} City easurer a the ity o Newport Beach, California; COUNTERSIdN1a'D : City Clark of e City or Newport Beach, California. (SEAL) (COUPON FORM) On the first day of the City of Newport Beach, California, will pay to the bearer at the office of the City Treasurer of said city in said city, or at any fiscal agency Coupon of said city in Los Angeles, No. California, or Chicago, Illinois, or in New Yorks New York, at the option of the holder hereof the sum of $_ In lawful money of the United States of America, being the interest then 4. E due on MATER BOND, 19570 dated November 1, 1957 facaimile sheturel My lrreasurer or e My o� Newport Beach, California. • NO. Substantially th'following provisions for redemp- tion shall be printed on the reverse side of the bond, PROVISIONS FOR REMPTION Unless this bond matures on or prior to November 1, 1972, it is redeemable in the manner and subject to the terms and provisions, and with the effect, set forth in Ordinance No. of the City of Newport Beach, at the opnion of the City Council of said City on November 1, 1972s or on any interest payment date thereafter prior to maturity, upon at least 30 days" prior notice published in a newspaper circulated in the City of Newport Beach, California, and in a financial newspaper or journal of national circulation published in the City of New York, New York, at a redemption price equal to the principal amount thereof and accrued interest to the redemption date, plus the following premiums it redeemed at the following times: Year of Call Premium or 1973 31/2% 1974 1975 3% 1976 7 21/2 1978 1 -1/2� 1979 981 or 199882 1/2% On the reverse side of the coupon there shall be printed substantially the following: (REVERSE OF COUPON) If the bond to which this coupon is redeemable and is duly called for on a date prior to the maturity date this coupon will be void. 5. is attached redemption of this coupon, Section 5. That the proceeds of the sale of said bonds (except premium, if any, and accrued interest) shall forthwith be turned over to and placed in the municipal treasury of the City of Newport Beach to the credit of a fund to be known as "WATER BONDSp 1957a CONSTRUCTION FUND" and shall be applied exclusively to the acquisition and construction or the municipal improvement described in the bond proposition set forth in the recitals hereof# except as provided in Section 43628 of the Government Code of the State of California. Section 6. That any premium or accrued interest received from the sale of said bonds shall forthwith be turned over to and placed in said treasury in a fund to be known as "WATER BONDS, 1957, INTM ST AND REDEKPTION FUND." That for the purpose of paying the principal and interest or said bonds the City Council of the City of Newport Beach shall, at the time of fixing the general tax levy and annually thereafter until said bonds are paid or until there is a sum in the treasury of said city set apart for that purpose sufficient to meet all payments of principal and interest on said bonds as they become dues levy and collect a tax sufficient to pay the interest on said bonds as it falls due and such part of the principal as will become due before the proceeds of a tax levied at the next general tax levy will be available. Said tax shall be in addition to all other taxes levied for municipal purposes and shall be levied and collected as other city taxes, and shall forthwith be turned over and paid into said interest and redemption fund. Said fund shall be used for no other purpose than the payment of said bonds and accruing, 6. interest thereon until said bonds and interest are fully paid. Section T. The bonds maturing on or prior to November 1, 1972, shall not be subject to call or redemption prior to maturity. The bonds maturing on or after November 1, 1973, or any of them, may be called before maturity and redeemed, at the option of the City Council, on November 1, 1972s or on any interest payment date thereafter prior to maturity, at a redemption price for each redeemable bond equal to the principal amount thereof and accrued interest to the redemp- tion date, plus the following premiums if redeemed at the following times: Year of Call Premium nr 1973 -1/2% 1qT�2t 3 1975 3% 2% 1977 1q7 or 1930 l%l/ 1981 or 2932 1/2% All or any of the bonds subject to call may be called for redemption at any one time. If less than all of the bonds are redeemed at any one time, such bonds shall be redeemed only in inverse order of maturity and number, beginning with the highest numbered bWld. The interest payment date on which bonds are to be presented for redemption is hereinafter sometimes called the "redemption date." Section 8. Notice of the intended redemption shall to published by one insertion in a newspaper of general cir- culation in the City of Newport Beach, California, and in a financial newspaper or journal of national circulation 7. 1] published in the City of New York, New York, said publica- tions to be at least 30 days but not more than 60 days prior to the redemption date. The notice of redemption shall (a) state the redemption date; (b) state the redemption price; (c) state the numbers and dates of maturity of the bonds to be redeemedp provided, however, that whenever any call includes all of the bonds of a maturity the numbers of the bonds of such maturity need not be stated; (4) require that such bonds be surrendered with all interest coupons maturing subsequent to the redemption date (except that no coupons need be surrendered on registered bonds) at the office of the City Treasurer of the City of Newport Beach, in said C1ty, or at any fiscal agency of said City in Los Angeles, California, or Chicago, Illinols, or New York, New York; (e) require that bonds which at the time of call are registered shall be accompanied by appropriate instruments of assignment duly executed in blank; and (f) give notice that further interest on such bonds will not accrue after the designated redemption date. If any of the bonds designated for redemption shall be registered, the City Treasurer shall, on or before the date of publication of said notice of redemption, mail a similar notice, postage prepaid, to the respective registered owners thereof at the addresses appearing on the bond registry books. The actual receipt by the holder of any bond (hereinafter referred to as "bondholder ") of notice of such redemption shall not be a condition precedent to redemption, and failure to receive such notice shall not Y affect the validity of the proceedings for the redemption Of such bonds or the cessation of interest on the date fixed for redemption. The notice or notices required by this section shall be given by the City Treasurer, A certificate by the City 'Treasurer that notice of call and redemption has been given to holders of registered bonds as herein provided shall be conclusive as against all parties, and no bondholder whose registered bond is called for redemption may object thereto or object to the cessation of interest on the redemption date fixed by any claim or showing that he failed to actually receive such notice of call and redemption. Section 9. Prior to the time the City Council determiners to call and redeem any of said bonds there mhall be established in the City Treasury a redemption fund to be described or known as WATER BONDS, 1957, REDS14PTION FM (hereinafter sometimes referred to as "Redemption Fund "), and prior to the publication of the notice of redemp- tion there must be set aside in said Redemption Fund moneys avail- able for the purpose and sufficient to redeem, at the premiums payable as in this ordinance provided, the bonds designated in such notice for ,redemption. Said moneys must be set aside in said fund solely for that purpose and shall be applied on or after the redemption date to payment (principal and premijm) for the bonds to be redeemed upon presentation and surrender of such bonds and (except as to registered bonds) all interest coupons maturing after the redemption date, and shall be used only for that purpose. Any interest coupon due on or prior to the redemption dYte shall be paid 9. from the Interest and Redeytion Fund upon presentation and surrender thereof. Each bend presented (if unregistered) must have attached thereto or presented therewith all interest Coupons maturing after the redemption date. If after all of the bonds have been redeemed and cancelled or paid and cancelled there are moneys remaining in said Redemption Fund, said moneys shall be transferred to the general fund of the City; provided, however, that if said moneys are part of the proceeds of refunding bonds said moneys shall be transferred to the fund created for the payment of principal of and Interest on such refunding bonds. Section 10. When notice of redemption has been given, substantially as provided in Section 8 hereof, and when the amount necessary for the redemptioa of the bonds called for redemption (principal and premium) is set aside for that purpose in the Redemption Fund, as provided in Sec- tion 9 hereof, the bonds designated for redemption shall be- come due and payable on the date fixed for redemption thereof, and, upon presentation and surrender of said bonds and (except as to registered bonds) all interest coupons maturing after the redemption date, at the place specified in the notice of redemption, and, if any of said bonds be registered, upon the appropriate assignment thereof in blank, such bonds shall be redeemed and paid at said redemption price out of the Redemption Fund, and no Interest will accrue on such bonds called for redemption or on any interest coupons thereof after the redemption date specified in such notice, and the holders of said bonds so called for redemption after such redemption date shall look for the payment of such bonds and the premium thereon only to said Redemption Fund. All 10, 0 9 bonds redeemed and all interest coupons thereof shall be cancelled forthwith by the City Treasurer and shall not be reissued. All interest coupons pertaining to any redeemed bonds, which coupons have matured on or prior to the time fixed for redemption, shall continue to be payable to the respective holders thereof but without interest thereon. All unpaid interest payable at or prior to the date fixed for redemption upon registered bonds shall continue to be payable to the respective registered owners of such bonds, or their order, but without interest thereon. Section 11. That the City Clerk shall certify to the passage and adoption of this ordinance by a vote of more than two- thirds of all the members of the City Council of said city and shall cause this ordinance to be published once in the NEWPORT HARBOR NEWS- PRESS, a newspaper of general circulation in said city, within fifteen (15) days after its adoption. Section 12. This ordinance shall take effect thirty (30) days from the date of its adoption. ADOPTED, SIGNED AND APPROVED this 16th day of October, 1957. ATTEST: i city or theZ`1� —� Newport Beach, California. (SEAL) 11. ayor or the City of Newport Beach, California. STATE OF CALIFORNIA COUNTY OF ORANGE 1►s. CITY OF NEWPORT BEACH Is MARGERY SCHROUDER, City Clerk of the City of Newport Beach, California., DO HEREBY CERTIFY that the foregoing ordinance was introduced and read at an adjourned regular meeting of the City Council duly held on the 16th day of September, 1957, and thereafter at an adjourned regular meeting of said City Council duly held on the 164h day of October, 1957, was duly passed and adopted by said City Council and signed and approved by the Mayor of said City, and that said ordinance was passed and adopted by a vote of more than two - thirds of the members of said City Council, to wit: AYES : Councilmen l} ! R N\,�y zz44 Zrz i 1 � T NOES: Councilmen���r _ ABSENT: Councilmen city f Clerq or It ee city or Newport Beach, California STATE OF CALIFORNIA COUNTY OF ORANGE se. CITY OF NEWPORT BEACH I, MARGERY SCHROUDER, City Clerk of the City of Newport Beach, California, DO HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of Ordinance No. 3 of said city and that said ordinance was adopted at t e me and by the vote stated on the certificate attached thereto, and has not been amended or repealed. (SEAL) Dated: October 'L( , , 1957. y c1qrk or e city of Newport Beach, California 12. h 2 3 4 6 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23, 24 25 26 27 28 29 30 31 32 = at Aims bids for .the $10,78b 00i0.: deslanated WATZR BMA, .1906 inclusive, all bids were Pubi a tabulation thereof has been am p f1j" for the Overaft. --Jr of the City of NOWPWCDOWN Aid numbered 1 to 1,780, both Lola opened, examined and reed, and entered in the alautes; =4 :"?WA , the bid of the bidder hereinafter Asmod $5 the bast.bid made by a responsible bidder for said bmmde; NO, THffitBd Qns the City Council of the City of Newport beach, DOES HF7 M Rc30Q,'VE; UTMMM Aids MM as fcllms. section i, That %be bid of Security. -First National Bank of Los Anzeles and Associates offering per. accrued Interest to date of delivery and a premium Of A 1.00 said Dods to bear interest payable wally the fl."t year od eanaiamwaliy thereafter at the rates Of: Rat! Years 19 58 to 19 62 4 19 63 to 19 b8 3-3/4 19 69 to 19 74 33 i.9 75 to :9 77 4 Ay. 7.8 to 1=r' 82 is the bid.foar said bomb yielding the lowest not Interest cost. .laid bid Is. hereby acespltad and the bands awarded to said bidder in aeoor'dmm with the terms of its proposal. 1 2 3 .. 4 5 6 7' 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 remove biders . Seation 3. The►4,., interest *at*) on said bonds (is} (are) hereby fi A the: rates} stated in 300tiona hereat SectAGg 4. The City Treasurer ie heret meted to deliver said bonds to the aucces&W bidder upon tho y87ment or parr, a erued interest to date of delivery . and the premium sUUA above. ADOMIX, Site AND APPROM this IG tlsy of : 1957. wvw of the 41W WwwobF9 California t c meovort , Csl fox�ig .2. r I 2 3 4 5 6 7 8 s. 10 11 ,' 32 13 14 15- .'5.6 - 17 18 19` 20 1 23 24 25 26 27 28 29 30 31 3211 I� I+ Ilk E i city Clem[ of t2w City of Newport Melba GaltfasitSa, DO fCiR M . 4WmtvY that LIMIT foregolM resolution W" duly adopted by the CJf Council of WA eity aW Was MwWftd try the Mayor of add. , � a� -- �enrneui 2 aT sa ting of said Cil i1 held on the 6th 69 of CQher . 1957, ad that St was so sited as follow AYES, CO NCILYANi _ hartr Wildesa s.KS3!.�.. Stoddard, Higbis, Ridderhof, Hi11 NAB, C i�Nor's Ate' CtINCT7.1i NOW r f 1 elB Selfj3C¢'t Hea+ h Calitamle. CITY OF NEWPORT BEACH L" DEPARTMENT NO. T0: City Council Date October 15, 1957 FROM- John C. Penney, Acting City Attorney SUBJECT: Interest of City Officials in Contracts Pursuant to Council inquiry as to recent changes made to the Govern- ment Code concerning the interest of city officials in contracts, I am quoting the following sections which are applicable. Section 1090 of the Government Code provides as follows: "members of the Legislature, state, county, judicial district, and city officers shall not be inte-ested in any contract made by them in their official capacity, or by any body or board of which they are members. Nor shall state, county, judicial district, and city officers be purchasers at any sale or Vendors at any purchase made by them in their official capacity," Section 1091 of the code was amended by the State Legislature at its last regular session to provide as follows: "(a) An officer shall not be deemed to be interested in a contract entered into by a body or board of which he is a member within the meanin¢ of this article if he has only a remote interest in the con- tract and if the fact of Such interest is disclosed to the body or board of which he is a member and noted in its official records, and thereafter the body or board authorizes, approves, or ratifies the contract in good faith by a vote of its membership sufficient for the purpose without counting the vote or votes of the officer or nember with the remote interest. "(b) As used in this article 4remote interest' means: (1) The ownership of less than 5 percent of the shares of a corporation for profit; M That off' a nonsalaried officer of a nonprofit corporation; `Phat;'a'n officer in being reimbursed for his actual and necessary expenses incurred in the performance of official duty; (4) That of an employee of the contracting party having 10 or more other employees; provided, that the officer was an employee of said contracting party for at least three years prior to his initially accepting such office; • • (5; `Zhat of a pa_'ent in the earnings of his „ino_� child fo_' ?ersonal services; \/M ”. I..t o1 a landlord. o tenant of the cont� acti 11 . t�-; o� I i - '?c.t. Of an 8_ttorne0 of the cont.—acting part-'T. . arro isions any officer interest to influence ?mother membe<° to ent into of this section sh?.11 not be n_.,,plica.ble to °d in a cont - -act who infli_i.ences or a:ttemrts ryem'oeo of the body, o--,. board of erhich he is the Contact. "(d) _'he .'ilful failure of an officer to discloze the fact of his interest in a contract pursu.a.r_t to this section shall be runisha.cle as r,_ ovi_ded in Section 1097. Such violation shall not void the con`_'act, however, unless the contracting pa, ty had knowledge of the fact of the remote interest of the officer at the time the contract Uas executed." 'T_'hUS, l:`1C.e_' Section 101 if a COL'.nCil. m"!n should have 'eT.'_O tc inte ESt in e. contract, three necessary steps should be te.tcen: (1, `=he interest of the Councilman should be dis;losed; ( °_j _`his interest should be noted in the official Such Councilman should refrain from votin` on the of the contract in vihich he has an interest. 4svwa{swx rare Camara oar the ratiago. e1"* 10,00 at a q vaduStand tiw reasoaisi bokinl it :' afs` i ltsw., say_ atatistisal osopotieoa b4twoft thii atv so as investment risk and iba City of.:Lajl W Belk* ft r... — will be favorable to ""pert Deaah..4i3tbev& we wl�iesaim"* tbat tesw" reoeioed an A rating. RD staad that tbw* is no possgbility at the rating betng reaasaidsred at this tire' ri wia4, be on rword with you eensaraiog am paiat'44 Vier. * ti► wold aeleoss if you are able to psanide Up_ igfottdtion as to the basis for the A" rating. 4ud_40ioo =eti a► what steps Could be taken by tho City to isprore iRds QZWit,is tla.'futwre. elms other baud'Yrsues rse ceata�plrt d, siaserelyo Rom" SWAM %S:M City Esser CC She & Yerasbors 71sffinte Direstor City Clark 1 2 3 4 11 6 7 10 li 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 xg�xvv go, th* city Newer% MAW So c1tr°:gOmmll �Of it wat* swraw" "0 os fait COtMOUK an part I ad VWt 2 v*$P"U"1W&. whe W us ewe", momwo4w -4!* ettt tted tv saws Claris to Aw.*. VWWW# OWMatUW*jj�vwx and auth*riz" 00 &dVVrtLS* . f4K* bUW tW tie 600tPUStion of 0&14 SM t*4LftMi*sUm U&Im to Vo r*mlv" ms ftt*W'14'* 1-957S wA# to root 60"lommts'" aw aft aw wea m will I* rAsommuT to sowd w &I"r mp"jrt"%&"* and dr"UV "A to r*•a&wf&:Lo* for bid rr AMOLM tv tho city Common ot uO of fts - % the *t*v**"d:g*tW tojeft,on soteoftr 11 spowacationo sod lap for ww D" caw'* ftsorseir &" and Using for Dift Omm". ~Lnftd# my- caft"I a" rg"Ift"d 14 moder to allow aw no" &"" 0~8 to be soft to ww m&JA ft"OMO&tILOW MA &OdW sM ta,bf v#agubmitted.to the City caum" *a a later "to- U*U= 2: 'Mitt'PAS bids romLV04 It am, am r*joot*d without p"Judsom ad tint at$ awk is ftw*%w mthorized to reft" WA'd bl" UNWOO"d tevow with the gIM10 said bUf to the r*sp**U" blddwob Tbe abMe $*A **gmn ~IUIAGO WO OU SIM r@VaOrU passed MA Ad"PtOd by WO City" OMMU Ot VO Clt3r or w Lt a revaer moting tbamw ftad an the 14th dv of C -f tw Uw rejaeWum roll *"I vows to Witt 94 �'T4W�6RGERYSCHROUDER DORA.0. HILL 0 i CYCT OF NEWPORT BEACH CALll'ORiCIA ne�� NOTICE TO PROSPECTDL: BIDDERS Due to unforeseen developments affecting the use of land in the vicinity of the water reservoir site and the transmission main right of way, changes in project plans and specifications are neces- sary. The City Council of Newport Beach, California, therefore, will reject all bids without prejudice scheduled to be received at 7:30 P.M., October 14, 1957, as authorized and advertised by action of said City Council. Any proposal presented to the City Clerk on the above date will be returned unopened. All specifications and reduced drawings should be returned to either the City Mall, 3300 Newport Boulevard, Newport Beach, California, or the office of James M. Montgomery, Consulting Engineer, 535 East Walnut, Pasadena, California, for re- fund of deposit. It is requested that all sheets of the proposal bearing markings or figures pertinent to the bidders quotation be removed prior to returning. The City Council intends to readvertise for bids within approximately 30 days and award the contract or contracts for this work within approximately 60 days. The City Council wishes to inform all prospective bidders that only a portion of the work to be done under Schedule II will be changed in the new advertisement. Schedule I will remain unchanged except for very minor revisions.. CITY OF NEWPORT BEACH CALIFORNIA By JAMES M. MONTGOMERY, CONSULTING ENGINEER R. C. FENMIR October 11, 1957 i i City of Newport t. nch, California Ka F—f C" TO PROSPECTIVE Due to unforeseen developments affecting the use of land in the vicinity of the water reservoir site and the transmission main right - of -way, changes in project plans and specifications are necessary. The City Council of Newport Beach, California will therefor reject all `sides without prejudice, scheduled to be received at 7 :30 p.m., October 14, 1957, as authorized and advertised by action of said City Council. kay proposal presented to the City Clerk on the above date will be :returned unopened, F,11 specifications and reduced drawings should be returned to either the City Hall, 3300 Newport Boulevard, Newport Beach, California, or the office of .lames M. Montgomery, Consulting Engineer, 535 East Walnut Street, Pasadena, California for refund of deposit. It is requested that all sheets of the proposal bearing markings or figures pertinent to the bidder's quotation, be removed prior to returning. The City Council intends to re- advertise for bids within approximately thirty {30+ days, and award the contract or contracts for this work within approximately sixty (60) days. The City Council wishes to inform all prospective bidders that only a portion of the work to be done under Schedule II will be changed in the new advertisement. Schedule I will remain unchanged, except for very minor revisionsa CITY OF NEWPORT BEACH, CALIFORNIA JAMES M. MONTGOMERY Consulting Engineer By�C.o� -� ��vu R. C. Kenmir Octu,,er 11, 1957 Qrtober 9, 1957 Jeffries Banknote Company P. 0. Box 188 Los Angeles 53, California Attention: Mr. Lawrence Jeffries Vice President Dear Mr. Jeffries: This is to inform you that I wish to take advantage of the use of the multiple signing machine in your possession, for the signing of the water bonds of the City of Newport Beach, on or about November 13, 1957. We are requesting the Accurate Numbering Machine Service, 426 South Spring Street, Room 319, Los Angeles 13 (Madison 6 -1690) to furnish a die of the City seal for convenience in stamping the water bonds. If you wish to get in touch with the Accurate Numbering Machine Service company, Mr. Burham is the person with whom our Purchasing Agent has been in contact. If there is additional information you desire, please let me know. Very truly yours, Marge ryry Schrouder City Clerk - Treasurer MS:e DANIEL STONE STONE & YOUNGBERG J. CARLISLE YOONOBERC MUNICIPAL FINANCING CONSULTANTS BENJAMIN J. BAUM RICHARD P. GROSS R.U.55 BUILDING DON M. DAI'S SAN FRANCISCO BARRY M. NEWMAN SUTTER 1 -5460 October 8, 1957 Miss Margery Schrouderg City Clerk City of Newport Beach City Hall Newport Beach, California Dear Miss Schrouder: aEe OCj 1p'S1 CITY gwrORT CITY OF N Mr. Bartle has instructed me to send you the enclosed mailing list which is fairly representative of the prospective bidders on your city's bonds. A copy of the official statement together with the notice of sale was mailed out to each of the names on the list as well as to many others not on the list. A further list of the names added will be sent you in the next mail. As soon as Mr. Bartle returns from out of town he will get in touch with you more thoroughly on the matter. Yours very truly, STONE & YOUNGBERG DI- Richard M. Bartle ( / Enc. V MAILING LIST FOR NOTICES INVITING BIDS ON MUNICIPAL BONDS Figures in ( ) indicate postal zone numbers. 9/26/56 CALIFORNIA Beverly Hills J. B. Hanauer & Co. _ 140 So. Beverly Drive Sidney B. Hook _ 218 No. Almont Drive Daniel Reeves & Co. 9445 Olympic Blvd. Taylor & Co. 364 No. Camden Drive _ Coronado J. A. Overton & Co. Room 11, Bk.of America Bldg. Los Angeles Bk.of America National Trust & Savings Ass. (Attn: Walter _ Bro, Securities Dept.) 660 So. Spring St. (14) J. Barth & Co. 3323 Wilshire Blvd. (5) Fred D. Blake & Co. 548 So. Spring St. (13) _ Blyth & Co., Inc. 215 West Sixth St. (14) California Bank 625 So. Spring St. (14) _ Citizens National Trust & Savings Bank 457 So. Spring St. (14) Dempsey- Tegeler & Co. 210 West Seventh St. (14) Eastman, Dillon Union Securi- ties & Co. (Attn:Harold W.Ross) 3115 Wilshire Blvd. (5) Gross, Rogers & Co. 559 So. Figueroa St. (17) Hill Richards & Co. 621 So. Spring St. (14) E. F. Hutton & Co. 623 So. Spring St. (14) . . . *Mailing List for Noti&es Inviting Bids on Municipal Los Angeles, Cont. Harry and Myron Kunin 403 West Eighth St. (14) Merrill Lynch, Pierce, Fenner & Beane 523 West Sixth St. (14) R. H. Moulton & Co. 510 So. Spring St. (13) — — — John Nuveen & Co. 210 West Seventh St. (14) Paine, Webber, Jackson & Curtis 626 So. Spring St. (14) Security -First National Bank of L.A. f'e 40,1= .,'., `1 i" 4 U"- 4rTiV+) — — Shearson, Hammill & Co. 520 So. Grand Avenue (17) William R. Staats & Co. 640 So. Spring St. (14) _ Turner Poindexter & Co. 640 So. Spring St. (14) Wagenseller & Durst, Inc. 626 So. Spring St. (14) Weeden & Co. 650 So. Spring St. (14) White, Weld & Co. 523 West Sixth St. (14) Dean Witter & Co. 632 So. Spring St. (14) H. E. Work & Co. 650 So. Spring St. (14) Oakland Mason Bros. First Western Bank Bldg. (12) C. N. White & Co. 436 14th St. (12) _ Pasadena Jones, Cosgrove & Miller 81 So. Euclid Avenue (1) Pasadena Corporation 618 i'3st Colorado St. (1) Redfi..ld & Co. 87 So. Euclid Ave. (1) Page 2. Mailing List for Notia Inviting Bids on Municipal B &. Page 3. Sacramento Department of Finance State of California (Attn: Rene L. Rothschild) Sacramento 14, Calif. San Diego The First National Trust & Savings Bank of San Diego 1007 Fifth Avenue (1) San Francisco American Trust Company 464 California St. (20) Bank of America N.T.& S.A. Attar Alan K. Browne U.P. 300 Montgomery St. (20) J. Barth & Co. 404 Montgomery St. (4) A. G. Becker & Co. 465 California St. (4) Blyth & Co., Inc. 2100 Russ Bldg. (4) Brush, Slocumb & Co., Inc. 1 Montgomery St. (4) Crocker -Anglo Bank of S.F. Investment Dept. 1 Sansome St. (20) C. J. Devine & Co. 3001 Russ Bldg. (4) Elworthy & Co. 111 Sutter St. (4) The First Boston Corporation 405 Montgomery St. (4) Halsey, Stuart & Co., Inc. 235 Montgomery St. (4) Hannaford & Talbot 519 California St. (4) Harris Trust & Savings Bank 2813 Russ Bldg. (4) Heller, Bruce & Co. Mailing List for Notices Inviting Bids on Municipal Bonds. Page 4. San Francisco, Cont. Hill Richards & Co. 155 Montgomery St. (4) — — — — E. F. Hutton & Co. 160 Montgomery St. (4) — — — — — Kaiser & Co. Russ Building (4) Kidder, Peabody & Co. Russ Building (4) Lawson, Levy & Williams 1 Montgomery St. (4) Leppo, Dorking & Sherman 315 Montgomery St. (4) Merrill Lynch, Pierce, Fenner & Beane 301 Montgomery St. (4) R. H. Moulton & Co. 405 Montgomery St. (4) Salomon Bros. & Hutzler Russ Building (4) Schwabacher & Co. 100 Montgomery St. (4) — — — William R. Staats & Co. 111 Sutter St. (4) Sutro & Co. 407 Montgomery St. (4) Weeden & Co. 315 Montgomery St. (4) Wells Fargo Bank 4 Montgomery St. (4) — — — — — Dean Witter & Co. 45 Montgomery St. (6) H. E. Work & Co. 100 Bush St. (4) Stone & Youngberg 1314 Russ Building (4) Mailing List for Notices Inviting Bids on Municipal Bonds. Page 5. OTHER STATES ALABAMA Birmingham Stubbs, Smith & Lombardo,Inc. 615 First National Bldg.(3) ARKANSAS Little Rock W.R.Stephens Investment Co.Inc._ Stephens Bldg.114 East Capitol Womeldorff & Lindsey 315 Exchange Bldg. COLORADO Denver Boettcher & Co. 828 17th St. (2) Bosworth,Sullivan & Co., Inc. 660 17th St. (2) _ ILLINOIS Chicago A. C. Allyn & Co., Inc. 122 So. La Salle St. (3) Barcus Kindred & Co. 231 So. La Salle St. (4) Bear, Stearns & Co. 135 So. La Salle St. ((3) Becker & Co., Inc. 120 So. La Salle St. Allan Blair & Co. 135 So. La Salle St. (3) _ Blyth & Co. 135 So. La Salle St. (3) C.F. Childs & Co., Inc. 141 West Jackson Blvd. (4) Cruttenden & Co. 209 So. La Salle St. (4) The First Boston Corporation 231 So. La Salle St. (4) The First National Bank of Chicago 38 So. Dearborn St. (90) _ First Securities Company of Chicago 134 So. La Salle St. (3) Glore, Forgan & Co. 135 So. La Salle St. (3) Herbert J. Sims & Co., Inc.z�.� 14 LEN Mailing .. ILLINOIS Chicago, Cont. Halsey, Stuart & Co., Inc. 123 So. La Salle St. (90) Harriman, Ripley & Co., Inc. 135 So. La Salle St. (3) Harris Trust & Savings Bank 115 West Monroe St. (90) Kidder, Peabody & Co. 33 So. Clark St. (3) McMaster Hutchison & Co. 105 So. La Salle St. (3) F. S. Moseley & Co. 135 So. La Salle St. (3) Mullaney, Wells & Co. 135 So. La Salle St. (3) The Northern Trust Company 50 So. La Salle St. (3} John Nuveen & Co. 135 So. La Salle St. (3) i Paine, Webber,Jackson & Curtis 209 So. La Salle St. (4) Salomon Bros. & Hutzler 231 So. La Salle St. (4) Smith Barney & Co. 39 So. La Salle St. (3) Stifel, Nicolaus & Co., Inc. 105 West Adams St. (3) M. B. Vick & Company 120 So. La Salle St.,(3) INDIANA Indianapolis Raffensperger, Hughes & Co., Inc. 20 Meridian St. (4) IOWA Des Moines First of Iowa Corporation 200 Equitable Bldg. (9) Shaw, McDermott & Co. 916 Liberty Bldg. (9) Wheelock & Cummins t Inc. Equitable Bldg. (91 KANSAS tdichita Ranson- Davidson Co., Inc. i let Floor, Beacon Bldg. (2) _ _ _ t Mailing List for Notices Inviting Bids on Municipal Bonds. Page 7. MASSACHUSETTS Boston Coffin & Burr, Inc. 60 State St. (9) Divinell, Harkness & Hill, Inc. 70 State St. (9) Estabrook & Co. 15 State St. (9) Hornblower & weeks 75 Federal St. (10) MICHIGAN Detroit First of Michigan Corporation 1500 Buhl Bldg. (26) MINNESOTA Minneapolis Allison - Williams Co. Northwestern Bank Bldg. (2) _ Kalman & Co. McKnight Bldg. (1) _ St. Paul Juran & Moody 93,E. 6th St. (1) Irving J. Rice & Co., Inc. First National Bank Bldg. (1) MISSOURI Kansas City Barret, Fitch, North & Co. 1006 Baltimore Ave. (6) Commerce Trust Co. 10th and Walnut Sts. (10) Piersol, O'Brien & Adams, Inc. 1021 Baltimore Ave. (5) Stern Brothers & Co. 1009 -15 Baltimore Ave. (6) St. Louis Boatmen's National Bank 300 No. Broadway (2) Dempsey - Tegler & Co. 1000 Locust St. (1) Schereck, Richter Company 320 N. 4th St. (2) I. M. Simon & Co. 315 N. Fourth St. (2) y Mailing List for Notic (Snviting Bids on Municipal Bon(& NEBRASKA (xoha Ebert E. Schweser Company 206 S. 19th St. (2) _ Wachob— Bender Corporation 3624 Farnum St. (3) NEW JERSEY Newark J. B. Hanauer & Co. 9 Clinton St. (2) NEN YORK . W York City Allen & Co. 30 Broad St. (4) _ Bache & Co. 36 wall St. (5) Bankers Trust Co. (Attn: W.Neal Fulkerson, V.P.) 16 wall St. (15) Blair & Co., Inc. 44 Wall St. (5) The Chase Manhattan Bank (Attn: John S. Linen, V.P.) 16 Pine Street (15) Chemical Corn Exchange Bank 30 Broad St. (4) Drexel & Co. 14 Wall St. (5) Eastman,Dillon Union Securities & Co. (Attn:Donald MacFadden) 15 Broad St. (5) & 63 Escadxay (6) _ The First Boston Corporation (Attn:Warren A. Ruxton, V.P.) 100 Broadway (5) The First National City Bank of New York, Bond Administration, Sth Floor (Attn: Delmont K. Pfeffer, V.P.) 55 Wall St. (15) Freeman & Co. 61 Broadway (6) Glore, Forgan & Co. 40 Wall St. (5) Guaranty Trust Co. of N.Y. 140 Broadway (15) Harriman Ripley & Co., Inc. 63 Wall St. (5) _. Page 6 Mailing List for Noticeinviting Bids on Municipal Bon* Page 9• NEW YOFK City (Cont.) .-ra Haupt & Co. (Attn. grim. G. Carrington, Jr.) 111 Broadway (6) Hemphill, Noyes & Co. 15 Broad St. (5) Hornblower & Weeks 40 hall St. (5) E. F. Hutton & Co. bl Broadway (6) Kidder, Peabody & Co. 17 Wall St. (5) Laidlaw & Co. 25 Broad St. (4) Lazard Freres & Vo. 44 Wall St. (5) Lehman Brothers 1 William St. (4) Carl M. Loeb, Rhoades & Co. 42 Wall St. (15) Manufacturers Trust Co. 55 Broad St. (15) Merrill Lynch,Pierce,Fenner & Beane 70 Pine St. (5) F. S. Moseley & Co. 14 wall St. (5) J. P. Morgan & Co., Inc. 23 Wall St. (8) Phelps, Fenn & Co. 39 Broadway (6) Salomon Bros. & Hutzler 60 Wall St. (5) Shearson, Hammill & Co. 14 Wall St. (5) Herbert J. Sims & Co., Inc. 52 Wall St. _ Smith, Barney & Co. 14 Wall St. (5) F. S. Smithers & Co. Attn. A. C. Shepard 1 Wall St. (5) Union Securities Corp. 65 Broadway (6) _ _ _ 4 NEW YORK New York Cit9 (Cont.) J. Van Ingen & Co., Inc. ;7 William St. (5) White, Weld & Co. t;0 Wall St. ( 5) J. R. Williston & Co. 115 Broadway (6) Dean Witter & Co. 14 Wall St. (5) OHIO Cincinnati Fox, Reusch & Co., Inc. Dixie Terminal Bldg. (2) Pohl & Co., Inc. 413 Dixie Terminal Bldg. (2) Provident Savings Bank & Trust Co. Walter, Woody & Heimerdinger 403 Dixie Terminal Bldg. (2) Toledo Braun, Bosworth & Co., Inc. 1200 Toledo Trust Bldg. (4) Stranahan, Harris & Co. 305 Ohio Bldg. (4) OREGON Portland First National Band of Portland S.W. Sixth & Stark Sts. (4) Foster & Marshall 1208 U.S. Nat'l. Bank Bldg. (4) Zilka, Smithers & Co., Inc. 813 S.W. Alder (5) TENNESSEE Nashville J. C. Bradford & Co. 418 Union St. (3) TEXAS Dallas First Southwest Co. Mercantile Bank Bldg. (1) Rauscher, Pierce & Co. Mercantile Bank Bldg. (1) Dallas Rupe & Son Kirby Bldg. (1) _ Mailing List for Noticeewiting Bids on Municipal Bond. Page 11. UTAH _Salt Lake City Edward L. Burton & Co. 160 S. Main St. (1) _ Lauren W. Gibbs Zions Savings Bank Bldg. (1) 1a113_HINGTON Seattle Foster & Marshall 820 Second Ave. (4) Grande & Co., Inc. Hoge Bldg. (4) Wm. P. Harper & Son & Co. 1504 Third Ave. (1) Seattle First National Bank P. 0. Box 3347 (14) WISONCISN Milwaukee The Milwaukee Company 207 E. Michigan St. (2) _ MISCELLANEOUS ATTORNEYS OoMelveny 4 Nyers 433 South 4pring St. Los Angeles 13, Calif. Orrick,Dahlquist,Herrington & Sutcliffe 405 Montgomery St. San Francisco 4, Calif. BOND PUBLICATIONS The Bond Buyer 67 Pearl St., New York (4) N.Y. Investment Dealers' Digest 150 Broadway, New York (38) N.Y. _ The Wall Street Journal 108 W. 6th St. Los Angeles-14 RATING HOUSES California Municipal Statistics,Inc. 244 Kearny St. San Francisco 8 Dun & Bradstreet, Inc. Box 803, Church St.Annex, N.Y. Moody's Investors Service 65 Broadway, New York 6, N.Y. Standard & Poor's Corporation Attn. Walter H. Tyler 345 Hudson St. New York 14, N.Y. _ _ OP-4 /0 'q-S-1 City of Newport hencho California. AJ).'jRTU)IJM Ar I to speaificetlonr; For Conctruavon 0' and TAN SMASIUN MAKS \0 Accepted B idder BY Do w., I-Pro osal - Successful kidder's i ez?l,&own item No: I A-21 ad.d the following items: 1.17 Motor control equipment 1-15 instrument and control paneiboonj Seatio i5 Beoinny, and Lc 1,:c.rk if re C-21 Delete Onsection--111 and oubetitute therefor We T"T'7the Work unler Schedule I sball be cowmenced within fifteea 115, Wendar days after award Q the contrect end all wprk, inalvding filling and testing the reservoir, shall be compLeted. by Lecenher 1958,'' Section 62±06,. )�ackfLl , General 11 Page Under Subsection rb:, add the following after it has been flooded, vibrated and drained, shall have a relative density of 701, as determined by the test procedure ;Mined in the United States hureau of Reclamation Earth Hianual Wer hesigun0ion E-11 - Tent Or McxL-w,zm and Minimum Density of Cohesicniess MO." Section 65 10, Coirpected, embankments - Sabodule 1 1 Pye (CO&O, • Under ObsectOn tal, add the follcwinC aao%enoei If so ordered by the Engineer, the Contractor shall r. ._e certain earth materials which may be encountered, in such away as to h)end two or more such materMs into the compaeted fill.. Nn e6ditions! compensation will be paid for the work involved in such blwnjlng' -I- • City of Newport Bench, CQUfarnAa A. a No, J. +.Coutinvledi der Sr:':aectYOn `c of 000n -n )D,P;;e pPIA following the _,-d3 that t:..e provisions n �pecific -,itfcns =hall be nG follows: delete the mrc cations listed and substitute therefor, the following •or?;� WICK of ramonty - V �'.Mfs Mz�ber of blows - 25 on each of 3 layers in a !/"" -�!Io foot compaction wTlMer, Height of fall is lu-&V Section G&02 Paving it reservoir. Uader Subsection if'.. emir, lraiie ------------------------ -30') -cz- beginaing in the third line from the to of the page, delete the sentence beginning sith the varda, "The contact suriaces - - etc,", and substitute therefor the following sayAen "The contact surfaces & all cold pavement JoUtG, and the juncticn� i..,etween pavement aiad concrete curb or structure, shall be painted with type SS 1 b asphaltic :Uzaiedietely before the adjaininj asphaltic concrete is rla-ed." Under Subsection V of Section 66102 Cement slurry coating, ". Mee C: - -3% a the following: ''Not. less than 000 square feet of surface shall be Epr,,yed per sack of Section 66;04 macadam pavement 'Page C"32a'' In the Last line on . , --- rage ME, change the thickness al me-cadam pav,':rvvt from 3-inch to Rraanin. 141bercver the thickness, of mocadam plv!ament Is shown on I the drayins as 3 inches, it is hernbY changed 10 Q inches, Section 7IMA Gasoline eygw. I uni Tuhnection koei Foci vsvyl jPage C012Y, in the first line on page 0113, change the viltage of tbe battery circuit from 12-volo to 6%voit. Section 71 03.;4 Gasoline enzine, ix or Subsection A-L St ptino M tol SGe-10737 in the second line T R Me top of pigs 0-1137 change the v;arting motor voltage from 12-volt to 6-vait. October 4, 1957 0- MY OF NEWPORT BEACH, MUMMA SAMES M, UDN71OVERY Consulting Engineer Ro C. Kenmir THISE"NY SIGNER • ,ALI NS SELL C.RE EN WIGWAM LG615 W YYEPS ABBY I. BONN p.Mn MARTIN .MARTI nMES L.BEEBE DEANE DEn NE(.JGHM BN 6920 SUNSET BOULEVARD .IEPCE WORTS LOS ANGELES ITCH ELL INES C.GPEENE JAMES CABLE ADDRESS MOMS G PANAM L NG.JR. WILIL IAM uuR B.CARAN R EGO wG aIREG I EL. R . MAYNARD E ELNEYBOR( 1. JnM E9N.IIry1N E .W. YN ILD ( WESiG POO F.JR . fP E DEPICn N. EDWARDS GILBERT E.Hnn YN ALTAR cSTAFYON WILLIAM LscoTT VREN M.WRIGHT EOWAPO B. SNIT... ROONEY A.POTi ER DONALD FHODOMAN T O BERT W.LEWS OVGLA4. F. RICHARDSON FILTH ANN BAYLES FRANCIS B.STRPOLING H OWARD LOCI CHARLES A.MRLS I PANALWT. NANILTON E OWIN. H.CASSELS.JT. MU ON L.MACH EIL R ICH A RD R.Si.JONNS. CLYDE MACH VICTOR R:FALMIERI ERNEST N.CLARA.JP� ROBERT B:n RJEGEF EKED I B.Ct!Pi GARR'E.LGV FIRM ITT W; FRIE B W1111 AN B:NOO RE JAMES E.CROSS RICHARD E. SHERWOOL E.RARLEY WALTR ER T REODO RE A. MARTIN JIMES A -IEBE BARTON B.BEGF RICHARD B.FAGLANO C RAPLES G.BAAALY.JP. WARREN M.0 RRISTO ➢HER RICHARD F.OL ROY E.FBI. R.ENHOOLID CLARK I_AW OFFICES OF 0 MELVENY & MYERS 433 SOUTH SPRING STREET Miss Margery Schrouder LOS ANGELES 13 October 4th 1 9 5 7 City Clerk City Hall Newport Beach, California Dear Miss Schrouder: IN REPLY REFER TO B -3956 NEWPORT BEACH WATER BONDS, 1957 r.FIV CD Nut 7- o� CITY: (J friaiPUIiTU &A�:U Thank you for your letter of October 3rd. Mailing as mentioned in your letter will be satisfactory. For the meeting of October 16th we enclose herewith the following: 1. Form of minute entry to be used on sale of bonds. 2. Form of resolution of award. 3. Bid computation forms with instructions attached. At the meeting of October 16th the bids should be opened, read and tabulated in full in the minutes. They can then be referred to a committee to check for accuracy and for computation necessary to determine which is the best bid. After the committee has reported which bid yields the lowest net interest cost the City Council can adopt the resolution of award. Blanks have been left in the form of resolution so that it can be filled in and adopted in that form at the same meeting at which the bids are opened with smooth copies prepared later. The bid computation forms and instructions are sent along for the convenience of those calculating N. W.O NELV ENY IEEE B., LG615 W YYEPS WILLIAM W.LLARY HOLLYWOOD OFFICE 6920 SUNSET BOULEVARD LOS ANGELES 28 CABLE ADDRESS MOMS IN REPLY REFER TO B -3956 NEWPORT BEACH WATER BONDS, 1957 r.FIV CD Nut 7- o� CITY: (J friaiPUIiTU &A�:U Thank you for your letter of October 3rd. Mailing as mentioned in your letter will be satisfactory. For the meeting of October 16th we enclose herewith the following: 1. Form of minute entry to be used on sale of bonds. 2. Form of resolution of award. 3. Bid computation forms with instructions attached. At the meeting of October 16th the bids should be opened, read and tabulated in full in the minutes. They can then be referred to a committee to check for accuracy and for computation necessary to determine which is the best bid. After the committee has reported which bid yields the lowest net interest cost the City Council can adopt the resolution of award. Blanks have been left in the form of resolution so that it can be filled in and adopted in that form at the same meeting at which the bids are opened with smooth copies prepared later. The bid computation forms and instructions are sent along for the convenience of those calculating 0 • #2 - Miss Margery Schrouder to -4 -57 the bids. They can be used or not as is desired. If we can be of any further help please do not hesitate to call. JWB:HS Encls. Cordially yours, `(A444 &zc' James W. Beebe October 3, 1957 Ovalveow Attorneys at1w 433 South ftrime street 'as Angeles 13, California Attentions W, James W. Beebe as: iietrport Beach Water Bonds, 1937 Dear Ike Beebe: Attached hereto please find an affidavit of publication In The Bond Bayer of the notice inviting bids. I have been Informed on this day that the p-qmpee is being mailed by Stone & Youngberg and M-Win the hands of the pzwpmtive bidders on Monday, October 7th. I note that r calendar Indicates that the last date for.mailing tCunatice Inviting bids is September 27th, Mrs Richard Bartle of Stone & Youngberg has assured ma that the mailing at the and of this week will am be within sufficient times Very truly years, Nergery Schrouder City Clark • Treasurer Me Att. October 2, 1957 AIR MAIL • IMIAL DELIVMHZY Mr. Richard Hartle Stone & Youngberg Huss Building San Francisco, California Re: Newport Beach Water Bonds, 1957 Dear Mr. Bartle: Please check the mailing list and determine whether or not the prospectus has been sent to the following: Bank of America National Trust and Savings Association, Newport Beach Branch 3444 Via Lido, Newport Beach, California. Ittention: Roland Aa Wright, Assistant Vice President; Marcus M. Matlock, Mason Brothers 155 Montgomery Street, San Francisco d, California; First Western Bank and Trust Company 405 Montgomery Street, San Francisco California, Attentions Clarence F. Bdner, ilea President. Bond Investment Department; John Nuween 4 Co. 135 South La Salle Street, Chicago 3, Illinois, Attention: 0. Lundquist; Walter, Woody 6 MMeimer UJAMEM9 403 Dixie Terminal, Cincinnati 2, Ohio; First California Comps�r, 647 South Spring Street, Los Angeles 14; California, Attention: Jack B. Rogers; ir 1 ?ago 2 In Naupt 6 Co., 111 Broadway, New York 69 Wpr Tmkv (they request two copies of the offlslal notice of sale), Attention. Barry J. ftlowl Palms Vabber, Jeeksen 6 Cwrtis, 25 Broad Str.al. Kew Tark 4, am York. Attentions *mAeipal Bond Deparemant= iron Rausch A Co., 1:00:6 Dixie T+sraival Banding, Cioaimati 2, Chios Y. e. Was County Auditor oraage County, Court Bows, Beata Ana, Caiifcrnia, Attentiont Mrs. Bettis. received for oom alllthosee mod met T�asl t fe motioned r sts were received on this day. The other requests were alfwereceived mound the tins of our bond election. lase Very truly yours, Margery Schroader City Clerk • Treasurer City of Newport Beach October 2. 1957 *I Lawreses Jeff4ell Vice ft*$Ldmt Jeffries Banknote CoB�ry PO 01 am ISS Los Angeles 538 California Dam M, Jeffriest In CoWliance with yow re few _"at. enclosing signature cards bearift the signature Of Ike, Dora 0, HL11. WIG &we Wry truly foss, ViArgery Schrouder City Clark - Treasurer 0 0 October 1, 1957 Mr. Irving Dalin Municipal Service Department Dun & Bradstreet, Inc. Box 803, Church Street Annex New York, New York ar Mr. Dalin: In compliance with your request, enclosed are financial statement for the City of Newport Beach for the fiscal year ended June j0, 1957, and the 1957 -58 operating j budget. Recent tax levies and collections are shown as part of the financial data on page B1 of the operating w! �% budget, as are receipts and expenditures. Annual bond principal maturities are shown on page 28, Schedule 3, of the financial statement which also shows detailed /�Y C revenues and expenditures for the 1956 -57 fiscal year c, V on pages Bll through Bib. Annual financial reports were not published prior to the last fiscal year. The City of Newport Beach has prepared a prospectus in connection with the proposed sale of water bonds and it will be distributed through the office of Stone & Youngberg, Russ Building, San Francisco. I am today sending Mr. Richard Bartle of Stone & Youngberg a copy of your telegram and a copy of this letter. MS:e Sac. Very truly yours, Margery Schrouder City Clerk Treasurer cc Mr. Richard Bartle Stone & Youngberg Russ Building San Francisco, California 0 (Dictation by A. N. Broussard) Enclosed are financial statement for the City of Newport Beach for the fiscal year ended June 30, 1957, and the 1957 -58 operating budget. Recent tax levies and collections are shown as part of the financial data on page B1 of the operating budget as are receipts and expenditures. Annual bond principal maturities are shown on page 28, schedule 3, of the financial statement which shows detailed revenues and expenditures for the 195$ -57 fiscal year on pages Bll through B18. Annual financial reports have not been published prior to the last fiscal year. SS OP SERVICE SYNI13OLS This u a (asr message L ay L2sccr unless in de(err�. <her- �/ L. sfs Leuer arter I. •ndieaad by s}ie TELEGRAM ysoPC symbol. - 1201 LT =In nal W. P. MANSHAI.I.. vwmmcna SEP 30 •�� L °a °r Tdcgram Th. filmgii-mshown i,he dare lm ondom:.r is STANDARD TIME Timeo(reeeipt is STANDARD TIME at point o(dniirtauon OA116 0 NIA494 LO NG DL PD=NE41! YORK NY 30 CITY (LEFP:.::.. ,. ._ CITY OF NCR<I'OB7' 1 412P PdE= 41I:SS I16ARGERY SCHROUDER— L957 cFn 79 CITY CLERK CITY HALL NEWFORT BEACH CALIF n�, I I � RE BOND OFFERING PLEASE RUSH AI,RPr1AI L FOLLOWING INFORMATVOf: FOR MUNWIPAL CREDIT SURVEY FOR GUIDANCE UNDERWRITERS AND INVESTORS: F.IRSTA COPY. OFFICIAL NOTICE OF SALE AND CURRENT FINANCIAL STATEMENT SHOVI(;NG ASSESSED VALUATIONS AND, TAX RATESt RECENT TAX LEVIES / AND COLLECTIIONSA BONDED DEBT AND SIfIKI.NG FUNDS% AND ANNUAL BOND PRI,NC(:PAL MATURIT.I.ES0 6 SE COfdD% COPIES ANNUAL FUNANCI -AL REPORTS LAST Tt+O OR THREE FISCAL THE COMPANY WILL APPRECIATE SUGGESTIONS PROM ITS PATRONS CONCERNING ITS SERWC> C1�e55 -0F.SE0.VICf: —This W TER U SYM HOTS is a East tncuagc '� `� \YIf eccer oolexz ica deferral char- NL —NjgM Lcucr arter is lndieatal by the TELEGRAM proper sVinbol.' f�J _ 3O W' P. MARSHALL. wwmowr nLP The filinK dmc shown in nc� dare hoc uo domcsriv mlcgtaeis is STANDARD TIME au poim d.Iigin. Tin;c of rcaipt is STANDARD TIME a� Puu - �dcuinadr.n .YtSfrF)t- CITY (j, nE'll Pldi "i YEARS SHOWING DETAILS RECEIPTS AND EVP"ffTREFS ANDY' YEAR END BALANCE SHEETS FOR OPERATING AND DEBT SERV.I;CE FUNDS THI.RDa COPY OR SUPANIARY BUDGET ESTlblATESw REVENUES AND APPROPRIATIONS FOR CURRENT YEAR MANrY THANKS= IRVI.NG DALLN MUNi.CI.PUL SERVICE DEPT DUN & BRADSTREET 1.NC BOX 803 CHURCH ST ANNEX= THE COMPANY WILL APPRECIATE SUGGESTIONS FROM ITS PATRONS CONCERNING ITS SERVIC^ October 1, 1957 AIR MAIL W. Richard Bartle Stone & Youngberg Russ Building San Francisco, California Dear Mr. Bartle: Attached hereto please find a copy of a communication from Salomon Bros. & Hutzler and a copy of a telegram from Dun & Bradstreet. I am also attaching a copy of my letter sent to Dun & Bradstreet today. A reqquest has been received on this day from Mr. Ralph A. Miller Manager Corona del Mar Branch of Security First NatLonal Bank of Los Angeles, 2823 Bast Coast Highway, Corona del Mar, for a prospectus. It would be very much appreciated if ym, would forward to me a list of the firms and persons who will receive the prospectus from your office. I would like to verify the names on file in my office with your list to see that each one who has requested a prospectus will receive one. I would also like to know the date of mailing of the prospectus to the various prospective bidders. Very truly yours, Margery Schroeder City Clerk - Treasurer MS:e Att. Copy of Advertisement City and County of New York, s.s.:- VIRGINIA COZZOLINO, being duly sworn, says that she is the Advertising Clerk of THE BOND BUYER, a daily and weekly newspaper printed and published at 67 Pearl Street in the City of New York, County of New York, State of New York; and the notice, of which the an- nexed is a printed copy, was regularly published in said THE BOND BUYER on. rtising Clerk Subscribed and sworn to before � -viee this ...... � /. day o T v P � -c- ,.,...r -L,�. 195 I J !c ....... ..- ..:.......... .�_.... FRANCES M. PANDOLFW_/ r'�-�' "'"`"" -''`"� Notary Public, State of New York No. 30- 3008515 Qualified in Nassau County Certificate in N. Y. Co. Term expires March 30, 1959 $197809000 CITY OF cniaFo Water Bonds, 1957.E The City Council of the City of Newport sealed bids until 11:00 o'clock A.M., on OCTOBER 16, .BEACH will receive at its Chambers in the City Hall in the City of Newport;Beach, California, for the sale of $1,780,000 general obligation WATER BONDS, 1957, to be dated November 1, 1957 maturing $70000 on ovember 1 in each of the years 1958 to 1976, both inclusive, and_$76000 ember i in each of the years 1977 to 1982, both inclusive _ The bonds maturing ' on -or prior to November 1, 1972, shall not be subject to call or redemption prior to maturity. The bonds maturing on or after November 1,. 1973, or any of them, may be called before maturity and re- deemed, at the option of the City, in inverse order of maturity and number, on November 1, 1972, or on any interest payment date thereafter prior to maturity, at a. redemption price for each redeemable bond equal to the prin- cipal amount thereof and accrued interest to the redemption date, plus the following premiums if redeemed at the following times: Year of Call Premium Year of Call .1972 or 1978...... 4;F 1977 ...... 1974 ........ 311i?' 1978 ___... 1975 ..... 3' 1979 or 1980...._. 1976 1981 or 1982._.__. Each bid must be accompanied by�r�eitified to the City of Newport Beach, in the amount of of the bonds bid for. Premium 2' 1y 1: or cashier's check payable 8,'1" of the principal amount The City Council reserves the right to reject any or all bids or to the extent not prohibited by laic to waive any irregularity or informality in any bid. The interest rate or rates bid may not exceed 6l per annum, payable annually the first year and semiannually thereafter. Each rate bid must be a. multiple of it th of 1( or 1 /20th of 1 %. No bond shall bear more than one interest rate and all bonds of the same maturity shall bear the same rate. Not more than four interest rates may be bid. The repetition of any rate will not be considered the bidding of an additional rate. The rate on any maturity or group of maturities shall not be more than 11/2z higher than the interest rate on any other maturity or group of maturities. Each bid shall state the total net interest cost in dollars and the average net interest rate determined thereby. The bonds . will be accompanied by the approving opinion of O'Melveny & ,Myers, Los. Angeles, California, at the expense of the City. At least one of the signatures on the bonds will be manually affixed. Requests for a copy of the official Notice Inviting Bids, for the official prospectus relating to said bonds, or for other information concerning the City should be addressed to Robert Shelton, City ?Manager, City Hall, Newport 'Beach, California, or to the financial consultant to said city, Stone &- Young- berg, Russ Building', San Francisco, California. MARGERYSCHROUDER, City Clerk of the City of Newport Beach, California. 0 September 27, 1957 O'Melveny &Myers Attorneys St aw 433 South Spring Street Los Angeles 13, California Attention: Mr. James W. Beebe Dear Mr. Beebe: Attached hereto are certified copies of the minutes of May 27th and June 4th. I am attaching a copy of the letter dated September 19, 1957, received from The Bond Buyer, for your observation. MS:a Att. Very truly yours, Margery Schrouder City Clerk - Treasurer ai 4 J ' 1 =1 E3 y _. CERTIFICATION OF MINUTES OF THE dI`Ir UNCIL OF THE CITY OF NEWPORT BEACH DATE flay 27, 1957 COUNCILMEN PRESENTU=t yoiAer- F, gtaddard- Alzbie� Alddedofs COUNCILMEN ABSENT H.M. Nerve Attached STATE OF CALIFORNIA SS COUNTY OF ORANGE I, Margery Schrouder, City Clerk and ex- officio Clerk of the City Council of he City of Newport Beach, California, hereby certify the f&jj§jW to be a full, true and correct copy of the minute entry on record in this office. In Witness Whereof, I have hereunto set my hand and seal this 27th day of asntamher , 1957. Margery Schrou er, City Clerk of the City of Newport Beach, Orange County, California • • CERTIFICATION OF MINUTES OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH DATE June 4, 1957 COUNCILMEN PRESENTRart, XWKay, Stoddard, Higbie, RidderhOf,_Hill COUNCILMEN ABSENT Wilder Attached STATE OF CALIFORNIA SS COUNTY OF ORANGE I, Margery Schrouder, City Clerk and ex- officio Clerk of the City Coun,�he City of Newport Beach, California„ hereby certify the to be a full, true and correct copy of the minute entry on record in this office. In Witness Whereof, I have hereunto set my hand and seal this 27th day of September , 1957. Margery Sc rou er, City Clerk of the City of Newport Beach, Orange County, California " • ' "* S1LxCY ".vAi• PAUL FVSSELi Pi `nApe C.GEaGEN • • rr w O'm L[VCNY !9e59ar Aw L.BEEBE' ND. aEAx!Ex'F JGPNSON C NC.1C wJais MY x. LAW OFFICES OF W. MYEFS NNAIKN .w C.HFIia Aw EAR GPEExC NLLUIS [l1Ax W. LLAa1' TCRU cDLUAM U.CARANG.JP. N O.G. w4LAAM w. AL :LP fL WAFO C. EflEUiEL.JR, O'MEL.VENY & MYERS or ee�na[. Ll N"NIR J. ULL MA GEGR6f P. ELMEx00P[ .U> JFNES 433 SOUTH SPRING STR.E ET - - LOS ANGELES HOLLYWOOD OFFICE EPEGEF6N N.ORWARDS APpwx C.Einm Gx mLGCRTCnAAxH WILLIAM L.sCCTi 6920 SUNSET BOULEVARD L E GE. RLG GT P EL esw 'ID G LS: P" v LOS ANGELES ... E IE R G . C OSGry 28 TH R a CGa.MF ° "xG PL J e aos c p s LG September G N G E't RICHARD 24th f CABLE gO0RE55 MOMS L L EC E T . P 1ICTCR E P E B. P G P 1957 e. e P I R E PPI.CPC55 Eei FRANK E Grn00 C IAIE' PC pLES ERrv.H E aER ApnA. E. �Q `' �� IN REPLY REFER TO J Es .'ED' R1 CHARD PAGLANe e Pr FCN x 6 . .,IF CnAVLES G. GAxA'_Y.JP. WARPEN M!SipPMFA iW RCH^D1101 tT�l" B -3956 F.1 .RPAaGUPY <LAax rrN GG`�,�... NEWPORT BEACH WATER BONDS, 1957 Miss Margery Schrouder City Clerk City Hall Newport Beach, California Dear Miss Schrouder: On examining the file I cannot find the minutes of May 27th and June 4th. Will you please send these when you get a chance? Cordially yours, James W. Beebe CL^l Bid (D 0 �(D 4 :4 z pt 21 K (D 0 (D � :Z 01 :4 ri) pt 1+ pt 0 000 t)j K " r+ ID r+ " F- to t)j 0 (D (D tO to LIZ I-A -.31- V74 6" Y �� ......y r�'.0 _ '�: � _ .i� _ �.. '. :. �' TTY w.� �= -- �_ 1. L. CROFT & SON, Inc. ovowd C-PI W, V eenhevAw it PHOW fm� in MUMS. C"frolum Y. September 2601967 City Clerk Bid date Dot 14,1457 City Hall 7:30 PM 3300 New ort Blvd Newport feaoh, California Subj,%-t! Reservoir and Water !Mains Orange County Gentlemen: No are enclosing our chook In the amount, of 125.00 on deposit fc- oubjeut Kindly send us plans and specifications on the above es vocn as possible. Very truly yours., RD Fr: & SQK p 'D;C RWG/ .. .0 rame rAz Ass.t 38: y .. i ���.� � . � 5 ,s �,� �`�, u.,,,�,,.c ; � . 1..3o -y-, �.�� -NOTICE IN1 ITING. BIDS For Construction of BIG C'UNYOl RESERVOIR AND TRANSMISSION MAINS. Sealed proposals will' be 'reoeived at, the.. office, of. the Cite 4Nerk, is t6'e. City Hall, Newport Beach, California, up to 7:3b o'dleck pim., on October 14; 1957, for construction of a 600 -acre foot uncovered reservoir and appurtenances and certain transmis- sior mains. The site. of the reservoir is located in unincorporated area in Orange County., The transmission lines will be located partly in unincorporated area and partly within the City of New- port Beach. The work is contained in two bidding schedules. Schedule I includes a 600 -acre foot uncovered reservoir and appurtenances. The principal items of work include 608,000 cubic yards of reservoir excavation; 534.000 cubic yards of compacted, backfill, 1500 cubic yards of .concrete, 13,500 square feet of 2j inch: thick gunite, 1.069,000 square feet of 3 -inch thick.asphaltic con -1 Crete pavement, 15:500 square feet of macadam pavement, concrete! control building having an area of approximately 2,000 square feet,' carport, one vertical .mixed flow pump, three small centrifugal! booster pumps, one engine- driven pump, engine -driven generator„ four chlorinators;. one 42 -inch and one 14 -inch propeller -type meter.! hoisting equipment, valves, piping, fencing, painting, and electrical; work. Schedule II includes 13,241 linear feet of 30 -inch and 1,595'. linear feet of 18 -inch steel cylinder concrete pipeline or as an al- ternate, mortar lined and coated steel pipelines, together with appurtenant work. All materials are to be furnished by the Con- tractor. A bidder may bid. on individual schedules or on both .schedules in combination. All work shall be completed by December 15.. 1958. The proposals will be publicly opened and read in the Council Chambers of the City on the date and at the time above- mentioned. Plans and specifications and all contract documents may be ob tained at the above - mentioned office of the City, or at the office of James M. Montgomery, Consulting Engineer, 535 East Walnut Street, Pasadena, California, upon payment of a deposit of twenty_ five dollars ($25.00) for each.specificatloit and set of accornpany- ing drawings. Said deposit Will be refunded upon return of the specifications and drawings in good condition within 30 days after the proposals are opened. Reduced prints of the original drawings are bound in the specifications. The scale of the reduced drawings is about one -half the original scale. If full scale drawings are desired for estimating purposes; they may be purchased at re- pproduction cost from James M. Montgomery, Consulting Engineer, 535 East Walnut Street, Pasadena,- California. The specification Is entitled: CONSTRUCTION OF BIG CANYON RESERVOIR AND TRANSMISSION MAINS. ' Each proposal must be accompanied by a certified or cashier's check or bid bond in the amount of ten percent (10;5) of the estimated aggregate amount of the bid as a guaranty that the bidder, if the award is made to .him in accordance with the terms of his proposal, will promptly secure workmen's compensation in- surance, execute a contract in the required form and furnish sat- isfactory bonds for the faithful performance of the contract and for the payment of claims of materialmen and laborers there. under. Said faithful performance bonfl shall be in the sum of not les„ than fifty. percent (50":1. of the estimated aggregate amount of the p:wments to be made under the contract, vomputed oil the LEGAL NOTICE LEGAL NOTICE !lasts of the price stated in the proposal.. The bond for material:. men and laborers shall be in the same sum as required for sale. 'sithlul performance bond. A bidder must submit with his bid a statement of his ex orrwr., e and financial condition. Failure to comply with this nr .;uirement will render a bid informal and shall be sufficient cauf:�: :or Iojr.fUon. Pursuant to the provisions of Articles 1 and 2 of Chapter 1. Part 7. Division II of the Labor Code of the State of California. not le -s than the general prevailing rate of per diem wages and not lens than the general prevailing rate of per diem wages . for legzl hoddays and overtime work. for each craft or type of wok - mun needed to execute the work contemplated under the Agree - mem, as ascertained by and set forth in the schedule of such urges specifically hereinafter set forth and adopted by the City of Newport Beach, shall be paid to all workmen employed on said' .vo k by the Contractor or be anv sub - contractor doing or con- tracting to do any part of said work, which schedule of wage iatee rs as fill logs: Ciasaifieation Rate Per Hour CARPENTERS Carpenter..................................... ............................... $ 3.225 Millwright...... ........................................................... 3.425 SawFiler ........._ ......................... ............._................. 3.305 ''able Power Sac Operator ... ............................... 3.325 C$j1E.NT IIASO.NS C'.^rrent Mason .__ ...................... .............................:. 3115 Cement Floor Finishing Machine Operator ........ 3.40 GU N ITE Ounmail ........._ ......................... ......._....................... 2.75 Nozzle 'flan: and Rod mart ...................... 3.05 11 F.CTRICIANra General Foreman ._ .............. 4.78 1 o ell an ......... ..... 4.34 Wireman....................... ............................................... 3.90 IRON WORKERS .Journeyman Reinforcing Iron Worker ................ 310 Journeyman Structural Iron Worker .................... 3.40 Ornamental Iron Worker ........................................ 3.40 Le1BORERS Laborers - General or Construction .................... 2.50 Operators and Ter ^ers of Pneumatic .and Electric Tools, Vibrating,, .shines, and similar mechan- ical tools not separately classified herelrl*............ 2.71 Bnggymobile Man ........... . 2.71 Cement Dumper (on 1 yd. or larger mixers and handling bulk cement) .............. ............................... 2.71 Concrete Curer - Impervious Membrane .......... 2.69 Watchman..................................... ............................... 2.30 Asphalt Raker, Ironer and Spreader .................... 2.71 .OPERATING ENGINEERS A -Frame or Winch Truck Operator ...................... 3.19 Air Compressor, Pump or Generator Operator 2.74 Apprentice Engineer and Oiler .............................. 2.74 Concrete Mixer Operator - skip Type ................ 2.96 Equipment Greaser ................... ............................... 2.96 Heavy Duty. Repairman .......... .. .......... ... ...... ......... 3.47 Heavy' Duty Repairman's Helper .......................... 2.74 Material Loader or Conveyor Operator ................ 2.. 96 Motor Patrol Operator Including any type of Power Blade ...... .......... 3.56 Roller Operator ... ........ ................ 329 Skiploader -Wheel Type_jYithout Dractvne At- tachnients If Tractor Operator - Bulldozer, Tarnll er. 5rrnper. Dcagtvpe Shovel or Similar Type. - 3.41 Ti o,'toi' Operator- ria per or Diagtype Shovel .1'a11deol ...... .. .- . - . _ .... . ...... ..... ..................... 3.56 I'n1NTE:RS l3ru.,h . ......... .... .............. ..... _... ...- .._.,._. spray or Sallablaster ..... ... ..... J.Iu PLUMBERS AND FITTERS - Journeyman (Pipeline) ................... _....................... Lead Burning Journeyman ....... ............................... 3.675 f Foreman (Pipeline) ................... ............................... 4.20 Plumber utility Pipeline. - Journeyman ............ 3.55 Probationary- Apprentice (Helper) (Pipeline) .- 2.55 TRUCK DRIVERS` Drivers of Dump Trucks. of: Less than 4 Yds. Water Level ....................... 2.63 4 Yds. but less than 8 Yds .Water Level ... 2.66 8 Yds. but less. than 12 'Yds. Water Level ..... 2.71 Drivers of Trucks Legal Payload Capacity: Less than 6 Tons ................... ............................... 2.63 i 6 Tons to 10 Tons ................... ............................... 2:05 10 Tons to 15 Tons ................. ............................... 2.71. Drivers of Dumpster Trucks .................................. 3:01 Drivers of Transit -Mix Trucks -Under 3 Yds: 2.87 Drivers of Transit -Mix Trucks -3 Yds: or more 3.01 Dumperete Truck, less than 6lj Yds., Water Level....... _........._ ........:............. ........... ........ :.._......... 2.87 Dumperete Truck, Orr /s Yds. Water Level ..or Over................_......................,...... .... .......................... 3.01 Water Truck Driver - Under 2500 Gals......... 2.69 Water Truck Driver -2500 Gals. to 4000 Gals..... 2.81 i Truck Greaser and Tireman ... ............................... 2.96 TruckRepairman ....... : ............... .............................. 3.47 Truck Repairman Helper ......... ............................... 2.74 All others shall be paid at the prevailing wage, rates paid in the County of Orange overtime applicable to each classification shall be paid at the prevailing overtime rate in the County of I Orange. The foregoing schedule of hourly wage rates is based on a working day of .eight (8) hours. The hourly wage rates prescribed . herein above are the per diem rates divided by the aforementioned number of hours constituting a working day. It shall be mandatory upon the Contractor to whom the contract is awarded and'upou any .subcontractor under him to pay not less than the specified rate to all laborers. workmen and mechanics employed by them in the execution of the contract. I The City reserves the right to reject any or all bids, to waive : R11Y ufarmafrh- ht a bid. and to hiage an award as the interests of the City may require. This notice is- given by order of the City' Council of the City of Newport Beach, D ifornla. CITY OF IfEWPOT2T BEACH. CALIFORNIA MARG'ERY SCHROUDER, City Clerk. Dated: September 16, 1957 J No. 278 Ill News Press 9;13; 25: 2957 Rnp er.c' -neck .00 for de•% fq: these F.ry truly rxrrs, A. Mayo Snr i nee- ip� Fns I � Seri C C IV ED SEP 2 4'57 calix -'i'mAnipja CITY or NgWpWT BRACO Rnp er.c' -neck .00 for de•% fq: these F.ry truly rxrrs, A. Mayo Snr i nee- ip� Fns I � JOHN ONRVCXY SFN.E'N.PKL PAUL FUSSELL MICH. C. BERGEN RY L.DUMN WILLIAM NTDA1 JAMES L.BE DOE I.JOXNSON PIERCE WORKS AT HELINDMAN N PI MITCHELL R JAMES CGAEUP EENE I GRAHAM L.STERLI uX ..CARMAN E D c FRwreL JR W..AROJrou GEORGE F. ELNENOORF' JAMES M, IMNEJR — EST-DNOON, D. FREDERICK N. EDWARDS IWLLENT E.NAAYX ADNEUR C. STANTON WILLIAM L.SCOTT LAUREN M: ARIGHT ECAARO O. SNIT.'C MOOREY N. VOYT[N O O N AID P.HODGN AN ROBERT W.L EWIS O WOLAS F. RICHARDSON PTN AN S S q CI SIAAOLING IOW RU GL OS CHARLES 9, N IJ RANKLIN T N LTD LEAI. ME CARS LS,JP. X OHL AC EAL RICH .ST C NS C1 R E R VICTOR PK RI ST CURNJR. ROBERT BNR UOEP ET MANN E.LOY ...CTT W.PPIEST WIwAN D. ROCHE JAXES U.CHOES RICHARD EsNERwoov ARLEI WALTHER THEODORE N.MARFM JANC9 W.BECHE RAR:ON B.BEEN RICHARD B. RAOLAMD CHARLES O.BASALY.JR. WARREN N.CNNI SiOPNEP RICZMD N IGL ROY C.POTTS .BNADBURS CLARK .• .. LU OFFICES 'OF O'MEIm,ENY & Ml'ERS - 48S-SWTH' SPRIRG•STREET . ;40SANG6LFS 1 ' 7 �L NEW GM1 The Bond Buyer 67 Pearl Street New York 4, New York Gentlemen: We return to on the Notice Inviting City of Newport Beacom�' found to be satisfotto Beach, California X. W.OM[lY[NY IB85`IHAI WV15 W,Yi[HS WT IY\YlLH0.Y. D HOLLYWOOD OFFICE SS20 SUNSET BOULEVARD ':LOS ANGELES 28 CABLE ACIDNESS MOMS IN REPLY REFER TO B -3956 FORT SMON WATER BoxDS, 195T. UR000 go M e a of the has been checked and ange.. Very ly yours; $�s AHLttiB Day H. Lindmaa Encl. cc -Miss Margery $chrouder _ City Clerk City Hall ' Newport September 20, 1957 Mr. Ray H. I-adman 01 elveny & Myers Attorneys at Law 433 South Spring Street Los Angeles 13, California Dear Mr. Lindman: In compliance with your request, I am attaching a certified copy of the minutes of the Council meeting held September 10 1957. Your attention is directed to paragraphs 1 and I on paged, and the last paragraph on page 9 . I am also attaching a certified copy of the draft minutes of September 16 1957. Your attention is directed to paragraphs 1 and i on page 1, paragraph 2 on page 4, and paragraphs 2 and 3 on page 5. You will note that throughout the minutes there is discussion regarding the plans and specifications for the Big Canyon reservoir and transmission ^gains. MS:e Att. Very.truly yours, Margery Schrouder City Clerk - Treasurer r CERTIFICATION OF ERRWRM MINUTES OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH DATE September 10, 1957 COUNCILMEN PRESENT Hart,, Wilder, Stoddard, Sigbie, xidderhol, Hill COUNCILMEN ABSENT STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS I, Margery Schrouder, City Clerk and ex- officio Clerk of the City Coin he City of Newport Beach, California, hereby certify the to be a full, true and correct copy of the minute entry on record in this office. Witness Wheretge hereunto set my hand and seal this day of 195 . Margery Sc rou er, City Clerk of the City of Newport Beach, Orange County, California • • CERTIFICATION OF�gi�¢ DRAFT MINUTES OF THE C THE CITY OF NEWPORT BEACH DATE na...�.a.e� t rC 1957 COUNCILMEN PRESENTa.,tTy'der, Stoddard. H42bie, H411 COUNCILMEN ABSENT K11cK.Yg, Ridderhof STATE OF CALIFORNIA ) SS COUNTY OF ORANGE ) I, Margery Schrouder, City Clerk and ex- officio Clerk of the City Council of the City of Newport Beach, California, hereby certify the to be a full, true and correct copy of the draft minute entry -on record in this office. In Witness Whereof, I have hereunto set my hand and seal this 20th day of September , 195 7. Margery Schrou er, City Clerk of the City of Newport Beach, Orange County, California WHITEHALL.. 4 -2680 • • A. T, a T. NY 1,623 NY 1 -624 THE SHANKS v THE AUTHORITY ON MUNICIPAL BONDS DAILY AND WEEKLY 67 PEARL STREET �C, E D T I O N S NEW YORK 4, N.Y. a 11fft V, XCA oT r OF NDw Ova 13 ct September 19, 1957 Miss Margery Schrouder City Clerk - Treasurer City Hall City of Newport Beach, California Dear Miss Schrouder: We have your letter of September 17th, and have, accordingly scheduled the notice of sale of $1,780,000 City of Newport Beach, California, for publication in THE DAILY BOND BUYER of September 27, 1957. The usual complimentary insertion will be made in THE WEEKLY BOND BUYS R of September 28th, and copies of both issues will be forwarded to you as soon as pub- lished. Our bill and affidavit will follow in due course. Proof will be submitted to OlMelveny & Myers, Attorneys at Law, for their approval before publication. Thanking you for your order, and with very best wishes, we remain, WSS:BK Very truly yours. William S. Shanks, Vice President WHITEHALL 4 -2686 to THE BOND BUYER THE AUTHORITT ON MUNICIPAL BONDS DAILY AND WEEKLY 67 PEARL STREET D E D I T 1 O N S NEW YORK 4, N. Y. Gil CLTY, t..r� \V'pu[iTB6A CITY op N Dear Sir: Enclosed is a copy of the "New Issue Worksheet and Record Service" cards we prepared on your pending bond sale. These are available to municipal bond dealers subscribing to THE DAILY BOND BUYER and interested in your bond issue. A 7, T. NY 1-623 NY 1 -624 This is just one of the many services THE BOND BUYER provides for issuing munici- palities to promote dealer interest and stimulate bidding for your bonds. Be sure and telegraph us immediately (press - collect) the results of your sale so we may complete our news coverage and records. Simply give the name of the successful bidder, the second high bidder, the premiums and interest rates offered, as well as the maturi- ties of the issue. Should the award of the bonds be held up for any cause, please advise the reason, giving the two highest bids received. We shall be glad to have you sign the dispatch officially. Kindly confirm your telegram on the postal card enclosed, giving a complete list of the other bidders, and prices bid. Throughout the various phases of your financing the entire facilities of THE BOND BUYER have been at your disposal. We trust you have taken full advantage of the service, and will continue to do so, through the use of our news and advertising columns and the "Worksheet and Record Service." Assuring you of our continuing interest in all of your financing plans, we are, Yours very truly, William S. Shanks Vice-President WSS: ES Encl. AMOUNT .MUNICIPALITY RATE: AXED INTEREST DATE .& HOUR OF BALE OPT. I MULT. 1/8 Q 1/20 Of 1% B 1,780,000 CITY OF NEWPORT BEACH CALIFORNIA X SPLIT I NOT EX. 10/16/57 11:00 AM (PST) DATEDII/1 /57 PURPOSE FORM OF BOND 11/1/58 -82, WATM BONDS, 1957 DEN IM. $1 000 REG. PRIN. & INT. X COUPON FORM X FULLY REG.' DUE inCIUSIVe' RED. PRIN. INTERCHANGEABLE UNLIMITED TAX X MOODY......... HATING....... S &P HID LIM See hem INVEST. RID FORMS FUR. SOLELY REVENUE A All cc nape -not more than 4 ates -one rat onlyperbond SEALED BIDE X LIMITED TAX $ IDaim3ty- repeated rates not cowidered addktl- NO AUCTION L.O. O Veay & , LOS , Califammia CERTIFIED CHECK DRAWN TO c08r City II 53 DO Cuy. of Newpat Beach BONDS SOLD UNDER jWNEN.ApprasLimately 11/15/5, BONDS FURNISHED City PRIN. INT. PAYABLE PART DELIVERY { City Treasurer's tyt' NO IWHERENewpcct Beach, Cal. COST c';t„ 44—. l �De.,. ;- Tr.e e,.,,0I`ficerca at- tn- C**vrs BIDS ADDRESSED TO The Ciiy Colmc Newport BB C BIDS TO BE SUBMITTED BY ifommia, City Hall N Be F California. OPTIONAL PROVISIONS Bands matBrh�an ar aft, 11/1/.73 are callable 1111/72 or paymp�ddate Ej'CBft.jm orderof rambf & r� $� m 19T1. O�rc � /2m %%l9 �gg�Cri?17 2 1/2% in 1976j2% in 1977'1 78 % inf9'79 or d and TAX FREE IN STATE OF ISSUE MARKET PROTECTION Corporations and banks taxed 1st COUPON DATE LAST BALE IN DAILY 11 1/58 REPORT BOND BUYER �� / 2 1% in 3981 1982. Igat1R'lties sh MATURITIES RE a rate, at�31.y. Qr j> AVERAGE LIFE— YEARS NO$.._Z......0 e.mo �t be ID Or 1CM maQn'1 Of ID er LAhaa>rlLtlnO CS- W to at TBCO Da 3n OthCr _- OWeSC OFFERING Concession t.1 Members MAT. RATE COSt. PRICE Dealers Take Down _ AMOUNT MAT. BOND YEARS RATE BASIS PRICE RATE BA818 PRICE 1956 1956 1957 1957 000 1958 70 1958 H 1959 210 1959 1960 1960 11 420 1 1961 1961 it H 1962 1050 1%2 1963 1963 i 11 1470 u 1964 1964 1965 1965 11 2520 1966 31SO 1966 1967 1967 It 3850 1968 1968 11 1969 1%9 n 11 1970 37 1970 1971 1971 u It 1972 8400 1972 1973 1973 11 9520 1974 1974 0 1975 1975 D 11970 1 n 1976 13300 1976 75, ODO 1977 14800 1977 II 1978 1978 1979 1979 a 18025 1980 1980 a 11 1981 11 1981 _ ,I 1982 23425 1982 1983 1983 1984 1984 O 1985 1985 2 re 1986 1986 1987 1987 1988 1988 1989 1989 x 1990 1990 �9 1991 1991 C 1729 TOTAL PRODUCTION PRODUCTION GR088 SPREAD 7 BID BID 'C SPREAD SPREAD ~ O V NET INT. COST NET INT.COBT THE INFORMATION CONTAINED NBRKIN, WHILE NOT GUMANTS9 11Y THE BOND DUTCH. 12 TAKEN PROM IOURC98 WE CONSIDER RELIABLE P , i TAX RECORD (FISCAL YEAR ENDING JUNE 30TH ) COLLACTjR OR UNCOLLXCTM YEAR TAX LEVY END OF YEAR OF LEVY % AT It �( 1952 -53 6 439,485.00 382.00 99.07% { 440,187.00 100.16% _ 1953 -54 515,970.00 SOSr 139.00 97.90% 493,217.00 95.59% 1954 -55 553,781 00 544 696.00 98,36% 548,030.00 98.96% 1955 -.56 622,157.00 611,834.00 98,34% 619,340.00 99.55% 1956 -57 725,605.00 717,584.00 98.89% 723,.706.00 99.74% FINANCIAL. STATEMENT AS OF 10/16 1957 POP IS...... FED CENSUS EST 21,201 ,DIAL VALUATION (ESTIMATED) { 214.000,000.00 ASSESSED VALUATION, IS 57 -58 30_6 %OFUrmtL { 65,507,790.00 R SAL PROPERTY { PERSONAL PROPERTY SPED. FRANCHISES, ETD. TOTAL FUNDED DEBT, INCLUDING THIS ISSUE { 1.891, 000.00 LEEK: WATER BONO$ { 1,810,000.00 SINKING FUND (WATER EXCLUDED) { 1,810,000.00 NET FUNDED DEBT (fl.12% OF ASSESSED: S..3.R.2 .... PER CAPITA) { 81, ow, 00 FLOATING DEPT (TAX ANTIC. NOTES. ETC,) (NOT 1NCL. ABOVE) { -0- OVERLAPPING BEST COMBINED NET DEBT ({..Z.11!96..PER CAPITA) 1 2. 10 % OF LIST OF BIDDERS (ALL GROUPS) * This figure includes $1, 780,000.00 Water Bonds m'this issue. MGR. 1729 S { D ESC R'RT ION Newport Beach is a primarily residential city located on what is generally considered the world's finest small harbor. The city Is located in Orange, County about 41 miles southeast of Los Angeles, 19 miles from Long Beach, and 10 miles from Santa Ana. It is bounded on the north by the City of Costa Mesa, in- corporated in 1953. The incorporated city of Newport Beach includes sever- al distinct communities within its boundaries. Balboa, Balboa island, Corona del Mar, and Lido Isle are among the best ]mown of these. Once imown primarily as a resort town, Newport Beach hat a steadily growing resideatialation and Is de- veloping local industry. Located on Newport bay and the Pacific ocean with excellent climate, Unparalleled recreational opportunities and no smog, Newport Beach is considered one of the vay finest places to live in Southern California. Its res{denls include many execu- tives and essial people, artists, writers, retired people a)z mr other individuals who are permitted a wide choice of places to live. Orange Comq is the fastest of Californials 58 counties. As dre county c grow, along with all Southern California Newport Beach will be increas- i3]y in demand as a Race for bones and for commerc- I and btdustrial activity. BONDS AWARDED, AT INTEREST COST ` % GROSS PROFIT OFFERING PRICE LIABILITY UNOIVIOEO /DIVIDED EXPIRES DAYS MBERB PARTICIPATION I PERFORMANCE I. 'J 0 0 INSTRUCTIONS FOR CALCULATING THE BEST BID PREPARATIONS Before the meeting at which the bids will be opened, prepare one of the enclosed calculation sheets as followsi A. In Column (A) commencing with the first year in which principalis to be paid, fill in the years in consecutive order through the year in which the final bonds of the issue will mature. B. In Column (B) insert as to each maturity the number of years that maturity runs from the date of the bonds. The bonds in the specimen computation would be dated 1955• C. In Column (C) list the number of bonds that will be retired in each calendar year. The total of this column should equal the total amount of the issue. D. Column (D) is obtained by multiplying the number of bonds retired in each year (Column (C)) by the number of years which these bonds will run before being retired (Column (B)). EXAMPLES (taken from specimen computation) (A) Column (B) (C) (D) 1956 1 x 5 5 1957 2 x 5 = 10 S 1971 16 x 20 = 320 This gives the number of "thousand dollar interest payment years ". If one $1,000 bond bearing 3% interest is out- standing for one year it will accrue an interest charge of $30. If it were outstanding for five years, there would be 5 thousand dollar interest payment years, which at 3% ($30 per year) would result in a total interest charge for that bond of $150. Thus a table of 1,000 interest payment years enables one to compute the interest on bonds maturing each year quickly and accurately. E. In Column (E) cumulate these interest payment years by adding the figure in Column (D) with the preceding total in Column (E). EXAMPLEe (taken from specimen computation) Year Column (D) (E) 1956 5 5 1957 10 * 5 - 15 1958 15 $ 15 = 30 1959 20 1 30 = 50 . . . . . . . . etc. The last figure in Column (E) should equal the total of Column (D). Thus, in the specimen computation given, the last cumulative figure is 9,785 which is equal to the total of all of the $1,000 interest payment years in Column (D). The final figure in Column (D), (9,785 in the specimen computations) represents the cumulative II. interest payment years for the entire issue at the date when all the bonds will have been retired. If a bid is made with only one interest rate, the total ^amount of interest which the agency will have to pay may be obtained by multiplying this final figure in Column (E) with the dollar value of the bid. EXAMPLE. Bid. Bonds maturing 1956 -1985 to bear interest at the rate of 3 %. Premium $100. Total interest the agency will pay is computed as follows. Cumulative thousand dollar interest pa ment years to 1985 (from Column (E)) 9,785 3% or $30 per annum per $1,000 bond $30 293,550550 Less premium 100 Total net interest cost to the agency $293,450 As shown later the cumulative totals are helpful when two or more interest rates are bid. COMPUTING THE BEST BID After the bids are opened at the meeting, the sheets previously prepared are used to compute the bid that will result in the lowest net interest cpstto the agency. A. Mark off the interest rates bid by each bondhouse on the computation sheet. B. If a bid is made with only one interest rate, follow the example of computation in (E) above. When there are two or more interest rates bid by a bondhouse, use the cumulative total Column (E) to compute the interest cost for each bondhouse as follows. (See the specimen computation for " Bondhouse A" for the figures used in the following examples.) 1. Obtain the amount of interest that the agency will have to pay on the first interest rate bid. EXAMPLE. Bid 3-1/2% on bonds maturing 1956 - 1970 Thousand dollar interest payment years to 1970 (from Column (E)) 1,420 Times interest per $1,000 at 3 -1/2% $35 Total interest at 3 -1/2% $49,700 (Carry igure over to summary sheet) 2. 1 , 2. For the interest cost of second rate bid take the figure in Column (E) opposite the last year'of the maturities of the second interest rate bid (5990) and subtract from it the figure in Column (E) opposite the year of the last maturity of the first interest rate bid (1420 used above); This use of the cumulative $1,000 interest payment years column gives quickly the number of $1,000 interest payment years for the second interest rate bid. EXAMPLE° Bid 3 -1/4% on bonds maturing 1971 - 1980 Thousand dollar interest ayment years to 1980 [from Column (E)) 5990 Less thousand dollar interest payment years to 1970 [from Column (E)] 1420 Thousand dollar interest payment years at 3 -1/4% 4570 Then compute the total interest cost similarly to the first interest rate. 3. 4. EXAMPLE. Thousand dollar interest payment years at 3 -1/4% Times interest per $1,000 at 3 -1/4% Total interest at 3 -1/4% 4570 $32.50 $148,525 (Carry this figure over to summary sheet) Repeat the procedure in 2. above for the next interest rate bid. EXAMPLE. Bid 3% on bonds maturing 1980 - 1985 Thousand dollar interest payment years to 1985 Less thousand dollar interest payment years to 1980 Thousand dollar interest payment years at 3% Times interest per $1,000 at 3% Total interest at 3% no M 3795 $30 $113,850 (Carry this figure over to summary sheet) To get the net interest cost under this particular bid, add on the summary sheet each of the above amounts and deduct the premium. 5. Comparison of the net interest cost figures thus obtained for each bondhouse bidding will quickly disclose the bond - house whose bid will result in the lowest net interest cost to the agency; 3. lB g '7d U *E • 8 S A C D I® g /00 ° �� 8 �� 8 �� Year sNo. sNumber 9$1,000 sCumu- 9 Bid of s 9 Bid of % 9 Bid of s 9 Bid of.* sot' gof yyears 9bonds sinterest spayment glative 9 9 9$12000 8 BoNDyayse g -3%N -D /0USE; 8 9 I %retired %years %interest g �� �� 9 A u '� 9 s 9 leach 9 spayment 8 8 9 9 B 8year 9 Blears 9 9 a 8 8 �,,� 9 s 1 (015 -8 ly 8 /0 s X0 s a 5 g %_3a°7o E, J 11"7a i g '7d U g I to �a 8 ` /!`�i6L • ® 8 8 S e� 66 /0 8 I® g /00 ° �� 8 �� 8 �� �y 8 �P� g j / '/ ✓ fJ�B 8 R 8 610a 9 a s 1-6- 8 Q% 8 8 8 E g o° S. g OnC0 8 / 9S'' S" ®g 8 8 60 8 o'Z 0 8 /® 8 8 �,,� g �(yi� ��j� g B /✓ 8 �� g 61 g �..� //9J 8 /Y.Q 0% S '30 6�Y /0 O F 0 g 8 8 8�2 0 ,360 s g 1 (015 -8 ly 8 /0 s X0 s a 5 g %_3a°7o E, J 11"7a i TOTALSFXO 5100 978s SPECIMEN COMPUTATION g '7d U g I to �a 8 ` /!`�i6L • ® 8 8 S e� 66 /0 8 I® g /00 ° �� 8 �� 8 �� �y 8 �P� g j / '/ ✓ fJ�B 8 R 8 610a 9 a s (O %t I�8 �•� ®®�g 8 o /O / / 8 O 9 9 E g o° S. g 8 8 / 9S'' 8 9�JC' 8. 8 8 8 o'Z 0 8 /® 8 8 �,,� g �(yi� ��j� g B /✓ 8 �� g /r g �..� //9J 8 /Y.Q 0% S O F 0 g 8 8 8�2 0 ,360 s g / % 8 40 Is 390 9 91 8'p6(?g®9 g 9 g ZS! 9 o 9 al o s W®0 � -Z�p 8 pE a TOTALSFXO 5100 978s SPECIMEN COMPUTATION g '7d U g I to �a 8 ` /!`�i6L • ® 8 8 S e� 8 � 8 /�� 8 % .2/do 8 e 8 ° �� 8 �� 8 �� �y 8 �P� g j / '/ ✓ fJ�B 8 R 8 0o 8 ����8 8 8 % ° �® g �E �p /� o5✓ s� ,✓ 8 �oC�i 8 f�ofl 8 8 8 B 8 8 e[ {O 8 a:?- o° S. g 8 8 8 o'Z 0 8 0 D g �(yi� ��j� Q83 v 8 S 0 8 �/ Q % O�O�B. / /3,.�e� �, O 8 S TOTALSFXO 5100 978s SPECIMEN COMPUTATION SUMMARY OF COMPUTATION Bid bysdND f/0 ✓Std A - Total nterest on first rate bid 3 on bonds maturing 195'6 to,lq_Z Tots ntere.st on second rage bid on bonds maturing 19-ZL to 19 80 Total interest on third rate bid 8�0 on bonds maturing 19 �/ to 19 8T / /3 l Total interest on fourth rate bid on bonds maturing 19 to 19 Total interest to be paid 0 Leas premium. d O Net interest cost to agency Bid bya Total interest on first rate bid on bonds maturing 19,5-6 to 19 6j? 5�1�316-0 Total interest on second rate bid q .3 ;8 on bonds maturing 19.,/,f to 19 o� /0, /d0, 00 Total interest on third rate bid �1 on bonds maturing 19 to 19 4?� 33" Total interest on fourth rate bid on bonds maturing 19 to 19 Total interest to be paid °3oO�/ 937`SO Less premium 30, CO Net interest cost to agency Bid bye i Total interest on first rate bid on bonds maturing 19 to 19 Total interest on second rate bid on bonds maturing 19 to 19 Total interest on third rate bid ____,% on bonds maturing 19 to 19 Total interest on fourth rate bid ----% on bonds maturing 19 to 19 Total interest to be paid Less premium Not cost to agency A B C D 4A E Year: No. ; of years: : : : Number : of : bonds : retired: each year , :Cumu- :Bi o : :Bi o :Bid of: :Bid o : interest:lative payment :$1,000 years :interest: :payment :years 58: 1 70 70 : 70 59: 2 : 70 140 : 210 60: 3 70 210 : 420 61: 4 70 280 : 700 62: 5 70 350 : 1050 63: 6 70 420 1470 64: 7 70 490 1960 65: 8 70 560 2520 66: 9 70 630 3150 67: 10 70 700 3850 68: 11 70 770 4620 69: 12 70 840 5460 70: 13 s 70 910 : 6370 : 71: 14 70 980 7350 72: 15 70 1050 s 8400 73: 16 70 1120 9520 74: 17 70 1190 10710 75: 18 70 1260 11970 76: 19 : 70 1330 13300 77: 20 : 75 1500 14800 78: 21 75 1575 : 16375 79: 22 75 1650 18025 80: 23 75 1725 19750 81; 24 75 1800 21550 82 25 75 1875 : 23425 TOTALS 1,780 21a42S 0 AFFIDAVIT OF PUBLICATION STATE OF CALIFORNIA, County of Orange, BEN REDDICK of the said County, being duly sworn, deposes and says: THAT ............he is and at all times here mentioned was a citizen, of the United States, over the age of eighteen years, and that ............... he is not a party to, nor interested in the above entitled matter; that ................. he is the * ........... ....... ..... ............................... printer of the Newport Harbor News Press, a newspaper of general circulation, printed and published in the City of Newport Beach, County of Orange, and which newspaper has been adjudged a newspaper of general cir- culation by the Superior Court of the County of Orange, State of California, under date of October 22, 1954, Case Number A 24831;, that the notice, of which the annexed is a printed copy, has been published in each regular and entire issue of said newspaper and not in any supplement thereof on the following dates, to -wit: September 23, ........................................................... ...........I.... .... .. ... all in the year 19..5.7.... It ..C=` L.c_.� *Printer Foreman of the Printer or Principal Clerk of the Printer. Subscribed and Sworn to before me this 2:3f�.. day of ... ........September . .............. 19..57.... (SEAL) Notary Public in and for said County and State. My Commission Expires Nov - ember.._ :7 .............. 19_. ...9....... `J This space is for the County Clerk's Filing Stamp Affidavit of Publication of Paste clipping of Notice SECURELY In This Space 820 - .. ,,16 :�c required ;o :gm the datR eLf ,yatdtborids to the respective >,ijift ka dates +hereof at the goupoa o, :rates specified in , the .Vd! and 'tile award will be made "m the !,a.sia of the lowest net•Auterest rest to the City. The p17r6ha=er :n::st pay accrued intereA "from .. da:e of the bonds `to the o sr:e of delivery. The accrued in- i r_st shah be computed on a i0 -say year basis. The cost If -. inting the bonds will be.borre .. Tr!t6 Lid to the extent not f'o- . '•:: icl by law; to waive any i.. _— .:a!ity or informality in any a,_. +;tO:viPT AWARD: The Ciit' i: 11ke action awarding the .. -s or rejecting all bids not .:rr I;nan twenty -six (26) Lours .. :;::e time herein preec!: ibeu' receipt of proposals; s: idcd that the award moy be 'le :ide after the expiration of the tnaciily ^d time if the bidder :-:1 i3t have given to the City . �:•. ^.i; r.r t. notice in writing of tha ,,r;, iti• -:aval of such pxopo;', i. F'L "'CE OF DELIVERY; De- of said bonds will be :untie to the successful bidder at the office of the City Treazurer, i:nbl sonic other place of de- ... _ is agreed- upon bcpvicen 1'1-_ l'i7: }' Treasurer and the I tl!'- i PROMPT DELIVERY. CAN - � 5.1,LATION FOR LATE pl ?- iAVERY: It is expected that 4.1d bonds will be deliverc;l to surcessfni bidder.:irh'� .1n: - (30) rays from tha the award thereof. The s.. bidder shall bave tnc at his option to 'I- �'•Cnutact. of purchase It the Gry nha!l fail to execclr: lit._' an,l tepan,. thcr, .... ,... '.he date of the .. .. lheico`. and ill saeh event the :_ucce3sful bidder Malt be en j l.:tled to thep etutAlie f the de -; posit accom ` bid. FORM OF each bid, to- gether- with the Check rrm Sl n.= in a sealed Aililope addre.,s d to ilie' Clti:CBuncil of rite ' Clit}- of Newport Beach, c,,) City Clerk,'RT{,ty hall, Newpcnt 3each. Califothia.. with the en- `:velope. and bid clearly marked i"Yropesal for $1,780,000 Water Bonds." BID CHECK: A certified nr cashier's check on a responsib;e nank or trust company in I,h.' :.mouni. of 3% of the psinci!:al amm;nr of the bonds; payable to the order of the City, must air eornpan; each proposal as a ray that the bidder, if sl:e- eessfuL will accept and pay .for said bonds in accordance with the rms of his bid. The pro r:f the check accompanr- heg : +,rn accepted proposal shall be a;)p!ied on the purchase price 'nr. 14 :'uch proposal is accepted -bw cc. performed, unless such: £ally-e of performance' shall be by any act or omission ui '_.: :- City, shall then be rc- 1,ain.:1 by the City. The chr:cl, u CCOU.lranying each unacceplod }.ro-••• -:.1 will be r e t u r n e d ,'rn nth i Y. CHANGE IN TAX EXEMPT A, T1!S.: , At any time before 'the . bonds are tendered for de- h °air the,.' successful bidder ntaN disaffirm and withdraw IN, probbsal if the interest received . by private holders from bonds of the same type and chaia.c'ei snail he declared to be taxab!,• becine under present federal in come tax laws, either by a rub the Bl:rearti of We 3L la! income iI law e:iar. a.c scn'.lea.V to the date of this no";CC. --,i ^.[;AL OPINION: The un- '�ca!::lad opinion of 07atelc::zy ec ;.hers, attorneys, approving �!he 'idldity of said bonds will .be fuirdshed the successful j de- :'.,� or prior to the date daa_:y of the bonds, at the c: - ipeu�e of the City. \O LITIGATION CERTIFI- ' CATE: At the time of payment for and delivery of said bond,. the City will furnish the su, bidder a certificate th; 1 .._ ax. iiuga:iou w: ng the validity of tite bends. I ': ORHATION AV. l :�ptca of Lht nnt:cy �... of offmial prospectus , -ing to said bonds may be ou- t.ained from Robert Shelton, City Manager, City Hall, New- !, port Ileach, California, or frmu the -- financial consultant to said City, Stone &. Youngberg, Rugs Pudding, San Francisco, Calif or- i . GIVEN by order of the Cit., Council of the City of New-po "!. Beach, California, adopted Sep - tombca 16, 1957. City Clerk of the City of New - pert Beach, California. ess yy� NOTICE INVITING BIDS ON delivery, the premium, ifstiy,': 7+1,780,000 CITY OF NEWPORT and the interest rate or rtes ' BEACH. CALIFORNM -not to exceed those specified, GENERAL OBLIGATION. herein, at which the bidden* ' BONDS fers to buy said bonds. NOTICE IS HEREBY GIVEN bidder shall state in his bid the that sealed proposals for the total net interest cost in dollars of $1,780,000 par value and the average net interest purchase general obligation bonds of the rate determined thereby, which City of Newport Beach Califor- shall be considered informative rue, will be received by the City only and not a part of the bid. Council of said city at the place HIGHEST BIDDER: The and up to the time below speci- bonds will be awarded to the highest responsible bidder or fied: bidders considering the interest TIME 11:00 o'clock A. M., Pacific rate or rates specified and the Standard Time, premium offered, if any. The October 16, 1957. highest bid will be determined by deducting the amount of the PLACE: City' Council Chambers premium bid f any) from the City Hal] 1' total total amount of interest which the City would be required to Newport Beach, California . pay from the date of said bonds MAILED BIDS: M Should be mailed to the City a to the respective maturity dates Council the City of New- thereof at the. coupon rate or port Beach,. c/o City Clerk, rates. specified the bid and Hall, Newport Beach the award will be made the City ,. basis of the lowest net interest nt California. OPENING OF BIDS: The bids cost to the City. The purchaser will be opened at an adjourned must pay accrued interest from regular meeting of said City the date of the bonds to the teats of delivery. The in- Council to be held in said Coun - terest shall be uteri on a a cil Chambers in the City Hall in ;computed cost y .year basis. The cost of said City on October 16, 1957, be- printing the bonds will be borne prints ginning at 11:00 o'clock A. M. by the ISSUE: $1,780,000, consisting RIGHT T O REJECTION: The of 1780 bonds, designated WA- City reserves the right, in its TER BONDS, 1957, numbered 1 discretion, to reject any and all t o 1780, both inclusive, of the bids and to the extent not pro - denomination of $1,000 each, all by law to waive any dated November 1, 1957. rebind regularity or informality in any ny MATURITIES: The bonds will; bid, mature in consecutive numerical' PROMPT AWARD: The. City order in annual amounts as foe- will take action awarding the lows: $70,000 on November 1 in' bonds or rejecting all bids not each of the ,years 1958 to 1976. later than twenty -six (26) hours both inclusive, and $75,000 on after the time herein prescribed November 1 in each of the years for the receipt of proposals; 1977 to 1982, both inclusive. provided that the award may be INTEREST:. The bonds shall' made after the expiration of the bear interest at a rate or rates specified time if the bidder to be fixed upon the sale thereof' shall not have given to the City but not to exceed 617r, per annum, Council notice in writing of the payable annually the first year withdrawal of such proposal. and semiannually thereafter. PLACE OF DELIVERY; De- SIGNATURES: At least one livery of said bonds will be of the signatures on the bonds - - made to the successful bidder at will be manually affixed. the office of the city Treasurer, PAYMENT: Said bonds and unless some other place of de- the interest thereon are payable livery is ,agiced upon between in lawful money of the United, the City Treasurer and the pur- States of America at the office chaser. of the City Treasurer of the PROMPT DELIVERY, CAN- City of Newport Beach, Califor- CELLATION FOR LATE DE- nia, in said City, or at any fiscal LIVERY: It is expected that agency of said City in Los said bonds will be delivered to Angeles, California, or in Chica- the successful bidder within go, Iillinois, or in New York, thirty (30) days from the date New York, at the option of the of the award thereof. The sue - holder thereof. cessfu] bidder shall have the REGISTRATION: The bonds right, at his option to cancel will be coupon bonds registerable the contract of purchase if the only as to both principal and in.- City shall fail to execute the terest. bonds and tender them for de. .._ CALLABLE: The bonds ma> livery within sixty (60) days taring on or prior to .November from the date of the award 1, 1972, shall not be subject to thereof, and in such event the call or redemption prior to ma- successful bidder shall be en- turity. The bonds maturing on or titled to the return of the de- after November 1, 1973, or any posit accompanying his bid. of them, may be called before FORM OF BID: Each bid, to- maturity and, redeemed, at the gether with the bid check, must option of the City, in inverse or- be 7n .sealed. envelope, address- '•the der of maturity and number, on ed to the City Council - of November 1, 1972, or on any in- City of Newport Beach, c/o terest payment .date thereafter City Clerk,. City Hall, Newport California, the en- prior to maturity, at a redemp- Beach, with' tion price for each redeemable velope and bid clearly marked bond equal to the principal "Proposal for $1,780,000 Water amount thereof and accrued in- $O terest to the redemption 'date, BID CHECK: A certified or plus the following premiums if cashier's check on a responsible redeemed at the following times: bank or trust company in the Year of Cali - Premium amount of 3% of the principal amount of the bonds, payable to 1972 or 1973 ................ '4% the order of the City,, must ac- 1974 ".. 3 %% company path proposal. as a 1975 ............................. 3% guaranty that the. bidder, sue- 1976 .1976 ..... _......................... 2V/ % 1, will accept and pay for a . ............................... 2% said bonds in accordance said 1978 . ............................... 1 %% pro - the terms his bid. The pro - 1979 or 1980 ... 1% the check any- needs a 1981 or 1982 ................ %% proposal any accepted proposal shall y ' PURPOSE OF THE ISSUE: be applied on the purchase price be Said bonds are issued For the or, if such proposal is accepted of providing additioue to purpose P g but not performed, unless such and improvements of the water failure of performance shall be storage, transmission and distrl- caused by any act or omission bution system of said City. of the City, shall then be re- SECURITY: Said bonds, are trained by the City. The check issued pursuant to Article 1, accompanying each unaccepted Chapter 4, Division 4, Title 4 proposal will be r e t u r n e d (Sections 43600 et seq.) of the rromptly. Government Code of the State of CHANGE IN TAX EXEMPT California, sometimes known as STATUS: At any time before the .Municipal Bond Act of 1901, the bonds are . tendered for de- For the purpose of paying the livery the successful bidder principal and interest of said may disaffirm and withdraw the bonds the City Council shall at proposal if the interest received the time of fixing the general by private holders from bonds tax lexy, and annually thereafter of the same type and character until said bonds are paid or un- shall be declared to be taxable til there is a sum in the treasury income under presen4 federal in- of said City set apart for that come tax laws, either by a rul- purpose sufficient to meet all ing of the Bureau of Internal payments of principal and inter- Revenue or by a decision of any est on said bonds as they become federal court, or shall be declar- due, levy and collect a tax suf- ed taxable by the terms of any ficient to pay the interest on federal income tax law enacted said bonds as it falls due and subsequent to the date of this such part of the principal there- notice. of as will become due before the LEGAL OPINION: The un- proceeds of a tax levied at the qualified opinion of O'Melveny next general tax levy will be & Myers, attorneys, approving available Said tax shall be 'in the validity of said bonds will addition to all other taxes.levied be furnished the successful bid- for municipal purposes and shall der at or prior to the date of be levied and collected as other delivery of the bonds, at the ex- city taxes. pense of the. City. TF.RIvIS SALE NO LITIGATION CERTIFI- INTEREST RATE: The max- CATE: At the time of payment imam rate bid may not exceed for and delivery of said bonds, 6 %, payable annually the first the City will furnish the 'sue - year and semiannually there. cessful bidder a certificate that after. Each rate bid must be a there is no litigation pending multiple of. ?yth of 1% or affectin g the validity f the y 1 /20th of 1 %. No bond shall bonds. bear more than one interest INFORMATION A V A I L- rate, and all bonds of the same ABLE: Copies of this notice and maturity shall. bear the same of, the official prospectus relat- rate. ate. Not more than Pour th ing to said bonds may be ob- terest rates may be bid. The The tained from Robert Shelton, repetition of any rate will not City Manager, City Hall, New- be considered the bidding of en additional rate. The rate on any the financial consultant to said maturity or group of maturities City, Stone & Youngberg, Russ shall not be more than 1%0% Building, San Francisco, Califor. higher than the interest ma. rate on any other maturity or group of GIVEN by order of the City maturities. Council of the City of Newport AWARD: The bonds shall be Beach, California, adopted Sep - sold for cash only.. ,ph bide tember 16, 1957. must be for nor less than all MARGERY SCHROUDER of the bonds hereby offed,.far City Clerk of the City of New. sale and each bid state port Beach, California .shall that the bidder offers par and No. 820 accrued interest to the date of News. Press 9/23/57 �NO'1'1('E INC11'IN6 RID ON $1,780.0011 G1T�,¢1F.N`I'OAi ncai,n, v ,ENE NOTICE ( EN that sealed - . "the purchase or �;bohd vAlue general obli- the City of New - eA or- tile, will be _ by :Ci'•: Council of sai ty at .r la,:e and up to the Stne be 7peci -' fled: TIME: ° 11 :00 o clock A. Y M . Standard Time, October 16, 1957 :§,3 _a- PLACE: �" City Col cell Chain City Hall Newport Beach, California .MAILED BIDS: Should be mailed to the ('it,: Council of the City of N:.,- port Beach, e+o City Clerk, City Hall, Newport Beach. California. OPENING OF BIDS: The Yd9 will be opened at ail adjourned regular meeting of, said C Ls Council to �-Aeid In said Co m- cil Chamh€rs to the City Hall in said City on October 16, 195', be- ginning at 11:0U o'clia:k.A. M. ISSUE. $1.780,000, consisting of 1780 bonds, designated IVA- TER BONDS, 1957, numbered 1 1,o 1780, both inclusive, of the denomination of $1000 each. all dated November 1, 1937. MATURITIES: The bonds will gia:ture_in consecutive numer -cal .. ^der fn. arl,Iur: &- olnnts P... c f il- rn;mz. $70.000 oa .,a of , . 'c_: 9:.' 'c n0,n i c : .,.e, - , .600. o! aovember I in each of 'n e yCur$ 1977 to 1982, both inclusive. INTSREST: The bonds shall bear +.interest at a rate or rates to be fixed upon the sale thereof but not to exceed 6r1n per annum, payable annually the first year andderriannually thereafter, SIGNATURES: At least one of &e signatures on the bend= will-% manually affixed. PkYMENTf Said bonds and the interest thereon are payable in lawful money of the United States of America at the office of the City Treasurer of the City of Newport Beach, Califor- nia, in said City, or at any fiscal agency of said City in Los Angeles, California, or in Chica- go. Iill!nois, or in New York, . New York, at the option of the holder thereof. REGISTRATION: The hmis; will be coupon bonds Icgistel'ablc only as to both principal and in- terest: CALLABLE: The bond., nia -' Luring on or prior to November 1, 1972, shall not be subject to call or redemption prior to ma- turity. The bonds maturing on er after November 1, 1973, or any of them, may be called before maturity and redeemed, at the option of the City, in inverse or- der of .maturity and number on November 1, 1972, or on any in- terest payment date- thereafter prior to maturity, at a redemp- tion price for each redeemable bond equal to the principal amount thereof and accrued in- terest to tile redemption date . plus the foflo`.din,- prenairn:- redeemed at the ...air;, 11, .. Year of ('all I'r 'rn ±n 7972 or : +;i7. -_. 4,„ 1974 . ! 1975 L & .- 31r' -1976 -s._ :rte _. 21 a% 1977 -j7 'i 2$'n 1978 `7:F ... 1?¢ ; 1979 or 1980 1 1981 or 1982 + PURPOSE -OF THE IS'I'F,: Said bonds Are issued 'for i.nu purpose of providing additions to and improvements of the riter storage, transmission and distri- bution system of said City. SECURITY: Said l l are issued pursuant to Artiele 1. Chapter 4, Division 4, Title 4 i Sections 43600 et seq.] of file Government Code of the Stl,te (If California, sometimes know:, ;I� I he Municipal Bond Act. of Iyool,' Fos the purpose of paYlu the; principal and interest of bonds the City Council sh.Il at* the time of fixing the general{ rax lexy, and ammilly theie�fler'- lintil said bonds are. paid or nn--: til there is a sum in the I.iei,l,,o:. 1 of ,oiii City set apart for th >,t'. purpose sufficient to meat ril i payment of pcill6pal end iittt'r -: est on ,said bonus Its they be, :n:: flue, levy and collect a tax svi_ ficient to pay the ]merest .oft said bonds as it falls due 8nci such part or the principal l5or, of as will he;ome h!e befoa,, `h, . pr,?eeeds of T lax le,ied al. the nest .general Ia.\ lc +>r t +'Ili be 'Ilia shall hP in fen' ,n,':h., ri p.,i in .m•I sh:f i'. -t v ia%es 1 iSTFPF..ST ^af F.: '� - .. Payable as t lip L:: ._.- •var and semiannually thete- x`IC:'. Each mate bid must be a ,. -01;I of t;b.. No bona .duel morn than one • Pate1'•_al: 1 ate, 'a :ia. a'! condo of the seine noiturity shall bear' thr same: rate. Not more than four in- tzrest rates may be bid, The Iepctition of any rate will not oe considered the bidding" of an Io ditional rate. The rate on tin;v t tatul ity or group of maim hies 511.,11 not be more than : -° ID,o the 1?i�'¢ st ra tc tie anu all mattitp` group of nia,rnrities. AWARD: Tbe'!bands mall be soli] for cash ` only.._ A`R. bids ,oust. be for not less than. all ,q the bonds hereby offered for :ale and ea Cc� ,,Did. shad -- tate that the bId(I Weirs pile and accrued Interest to the *b a of delivery, the premium, sany, and the interest rate antes not to exceed those i "' fled herein, at which the bid'.of- ters to buy said boridi. Bch adder shall state in his *6 the total net interest cost in dbitars. and the average net, interest +rate determined themby, Which shall be considered intornislive on]} and not a part of'the bid. r AlGIiEST - BIDDER:.. The 'hands will be awarded to the hifhest responsible � Wild& or Bidders tOILldering ftLIntereot :ate or rates sp 'Ind the ; i'xemium offered, . = sny. The highest bid will be ;,determined the amount bid +,if any) fro.— t:>c .... "It of interest AFFIDAVIT OF PUBLICATION STATE OF CALIFORNIA, County of Orange, B._'' ............................:.......:..... p ^wliICK ........................... ............................... of the said County, being duly sworn, deposes and says: THAT ............he is and at all times here mentioned was a citizer of the United States, over the age of eighteen years, and that ............... he is not a party to, nor interested in the above entitled matter; that ................. he is the *.._...._..I.... _ ....... ... I ...... I ... I ... ...... printer of the Newport Harbor News Press, a newspaper of general circulation, printed and published in the City of Newport Beach. County of Orange, and which newspaper has been adjudged a newspaper of general cir- culation by the Superior Court of the County of Orange, State of California, under date of October 22, 1954, Case Number A 24831;, that the notice, of which the annexed is a printed copy, has been published in each regular and entire issue of said newspaper and not in any supplement thereof on the following dates, to -wit: S?ptem..er._1_....._ >.,............_........._.. a!I in the year 19....7.1. *Printer Foreman of the Printer or Principal Clerk of the Printer. Subscribed and Sworn to before me this ' :tn day of ....._ ............. S.cptembE.1— ., 19,07...,. V l�IL. __ (SEAL) Notary Public in and for said County and State. My Commission Expire=_ N—vernber I' ............................... . This space is for the County Clerk's Filing Stamp Affidavit of Publication of Paste clipping of Notice SECURELY In This Space NOT10E?" 'ITPNG BIDS ,_7 P'oa43onstructiou of MG CANYON RESERVOIR AND TR_1N S4IISSION IMAIN$ $egle&- proposals will be received at the office of the City Clerk 'in 'the City Hall, 'Newport Beach, California, up to 7:30 'o`clock p.m„ on October 14. 1957. for construction of a 600 -acre foot uncovered reservoir and appurtenances and certain transmis -I Sion mains. The site of the reservoir is located it unincorporated) area in Orange County. The transmission lines will be located partly in unincorporated area and partly within the City. of New- port Peach. The work is contained In two bidding schedules, Schedule 1 includes a 600 -acre foot uncovered reservoir andi appurtenances. The Principal- items of work' include e08.000 cubic' mus 'of .e e tcir excavation, 584,000 cubic yards of conipactedf bactfill. 1500 cumin yards of concrete. 13.500 square: feet of 21.¢ -inch) thick gunite. 1,060,006 square feet of 3 -inch think asphaltic con -I crete pavement. 15,500 square feet of macadam pavement, concretes controi.building having an area of approximately 2.000 square feet. carport, one vertical mixed flow pump, three small centrifugal' booster pumps, one engine-driven pump, engine driven generator,) four chlorinators, one 42 -inch and one :1in .4 -ch propeller -type meter,) hoisting equipment, valves, piping, fencing, painting, and electrical'. work. Schedule II includes 13,241 linear feet of 30 -inch and 1.695 linear feet of 18 -inch steel cylinder concrete pipeline or as an al- ternate. mortar lined and ,coated steel pipelines, toget4er With appurtenant a oik, All mat* 'Ws lire to be furnished by thhe. n- tractor. A bidder may bid, on individual, schedules or an'' "�th schedules in combinations` ., All work .shall be ounpleted b;t DecaID ev 15. 1958. The posais v111 ")St publicly opeiwjt*nd read in the Council Chamber -the City on the date and at the time above - mentioned. i Plans an cifications and.all contract documents may he ob- tained a `above- mentioned office of the Citv. or at the office of .lame, lontgo:nery, Consulting Ungiueei. 5:15 East Walnut StreeL, P a. California. upon .payment of a deposit of twenty - five.dolia 5.0oi w each specification and set of acconipany- ing drawings.' Said deposit will be refunded upon return of the Lions and drawings in good condition within 30 days after sals are opened. Reduced prints of the original drawings nd in the specifications. The scale of the reduced drawings Y t one -half the original scale. If full scale drawings are for estimating purposes, they may be purchased at re. pWuction cost. from James ➢I. Montgomery. Consulting Engineer, 535 East. Walnut Street, Pasadena, California. The specification 1e entitled: CONSTRUCTION OF B1G CANYON RESERVOIR AND Each proposal must be accompanied by a certified or cashier's cheek or' bid bond in the amount of ten percent (10 %) of the estimated aggregate amount of the hid as a guaranty that the bidder, if the award is made to him in accordance with the terms of his proposal, will promptly secure workmen's compensation in- surance, execute a contract in the required form and furnish sat- isfactory bond's for the faithful performance of the contract and for the payment of claims of materialnieu and laborers th under. Said faithful performance bond shall be in the f' less than fifty percent (505'o).. of the estimated aggre of the payments to be made under the contract coo ' I j in (h e I. Th'. !)("I L: for nl, tox j,,I- an. I labol r» Sliall be is t h'! o irn ,N required for sale, pe I r" nw I, - iw;nLj. bi. 1,'� I ILI I-. t �, !',r I, i L 1- h Is ojd a i.al tL went of his es. 111,,niel�ce anal fiw�lwml cond 1 Lion. Failure W "mull." with this L, will ll rend,,r a 1) in :,J for,ual and shall be . �WfICICIIL CaUS. or I ell'(; ., 1101). I Pursuajjt to the provisions of Articles I and 2 of Chapter 1. Pmt 7. Division 11 of the Labor Code of the State of Cah(ornia. l.-It ieis than the general prevailing rate of per diem wages and )t less than the general prevailing rate of per diem wages for hoii,la.,5 and overtime work, for each craft or type of wo,h- nan ncr.led to execute Uie work contemplated under the Agree- , men . Lis ascertained by and set forth in the schedule of such wa,teu specifically hereinafter set forth and adopted by the City Ncv,port Beach, shall be paid to all workmen employed on sale lvwk by the Contracor or by any 50),cotilaclor doing or con- to do any part oi' said v;ork• which schedule of wage rate's is DF follows: ( LtaOfirati-ut Rate Per Hour CAP.PENTEPS A I Carpentei. ........... — ....................... ............................... $ 3225 Millwright .............. ..................... ................ ....... 3.125 S;io. Filer ................................................ ....... ........... 3105 Table PO-LI'er Ekaw Operator ... ........ —:. ............... 3.325 CEMENT MASONS Cement Mason. .............................. ........................... 3.15 Cement Floor Finishing Machine Operator ........ 3,40 CUKITE Gunmail ............ ...................................... : ........... 2.75 Nozzle )fan and Rod man ..................... ...... 3,05 ELFCTRICIAN General Foreman ......... .......................................... 4.78 Foreman...................................................................... 411 Wijeman .............. 3,90 IRON WORKERS Journeyman Reinforcing Iron Worker ......... 3.15 Journeyman vrain Structural Iron Worker ............. ....... 3.40 Ornamental Iron Worker ......... ............................... 3.40 L.kPORERS Laborers — General or Construction .............. 2.30 Operators and Tenders of Pneumatic and Electric Tools, Vibrating Machines, and similar mechan- ical tools not separately classified herein ............ 2.71 Buggymobile Man -- ........................................ ........ 2.71 Cement Dumper ton I yd, or larger mixers and handling bulk cement) ... — ..... .............. -- ........... 2.71 Concrete Curer — impervious Membrane .......... 2.69 Watchman......... ....................... .............. ........... ..... . 2.39 4jti,>..�Aa1t Raker, Ironer and Spjmader 2.71 OPEi:ATIVCC EVGUS if:EY.j ���,. A-FI'ti(1 or 1'1:1 C'h TittOlt f- lheratui........_... Air Cmnpressor, Runip or Generator Operator 2:74 Appu olive Engineer and Oiler .......... :............ .. - ,+^2:74 :I Cenci c Mixer Operator — skip Type ................ fO.m Egmpmc rt Greaser ... ............................. 2.96. ^� Heav> Duty Repairman .......................................... Z.47 Hear, Doty Repai mans Helper .... ......._ . 2.74 c Material Loadei or Convevor Operator . ........... ...." 2.96 .. Motor Patrol Operator, Including any type of PowerBlaile .............................. . ... ........................ 3.56 Roller Operator .... .. .................................. ........ 3.29 Skiploulr <W'heel Type (Without Drag-type At- i ` to hment , Tractor Operator - Bulldozer Tamp - I er, Scraper, Dre type Shovel or Similar Type.... 3.47 ' Tractor Operator - Scraper or Dragtcpe Shovel Tandem.._ ..................................... ............................... s.56 PAINTERS ............................................................... ....... ._... 2.90 Sprav or San er ...... ......... ............................... 3.15 I PLS \iREP.S .1; \TENS dourucycium ,.Pipe)1 ... ....... ,. ........ ....................... 3.825 _Lead Burning Joueneyman ....... ............................... 3.675 y Foreman �Pipelh(' )) .. ..... ;PWniber Utility P.pNme — Journeyman sProbahonary Apprentice (Helper( (Pipeline) .. 'I`RL'Ch DRIVERS Drivers of Dump Wtpcks of', . Less than 41ds. 1}'ate.7RVeI ._..._.. .... 2.66 f r 4 Yds '111, 1c Chan g %Water Level .. .2.66 1 `. a 8 \ d" bnL less ChtU1 1 dater Level .. _ 2.71 Drivers of Trncl s Legal PTY10ad Capacity: ( Les than 6 Ions ............ ............. ,.................... j4' 2.63 it 6 Tons to 10 Ton .......... .............. ... 2.66 10 Tons to 15 Tons ..... ... - 2.71 - m Drivels of Dupstet Trucks .. 3.01 Drivers of Transit-Mix Trucks Lndet 3 Yds. ''2.87 Drivers of Transit -Mix Trucks-3 Yds of more 3.01 fl Diu 1p lete T, lees than 61 Yds Water .. Level _._ ... ...,....... ................. : ........ 2.S7 Dumpcete Thick 6tg Yds Water Level or !: Over .... ..... ......... .... 3.01 Water Truck Driver Under 2 ✓00 .Gals 2.69 , Water Truck Dover °500 (als to 4000 Cals .. 2:81 :' ruck Greaser and Tireman ....... .. .. 2.96 .All Pruck Repairman ........ _ ............................. ... .. 3:47 inet. Pepairm u1, Helper .._ ..... ............................... 2.74 thete snail he paid at the prevailing wage rates paid in _ Lh" - of Orange overtime applicable to each classification )shaft b0 paid at the prevailing overtime rate in the County of h i0rahge. The foregoing schedule of hourly wage rates is based on 1- la wo king day of eight (8) hours. The hourly wage rates prescribed her bove are the per diem rates divided by the aforementioned In of hours constituting a working day. It shall be mandatory (upon the C,ontractoi to whorl the contract is awarded and upon any subcon Liactor under him to pay not less than the specified rate to all laborers ivoShmen and mechanics employed by them in the ssecetiou of the , (mu uc(. ' The City re'cnem the night to reject auc 01 all bile. to %k0A'e am ul:onsnalcti in a L ct and (o ilia se an aomd as the uitele'ts of the City may regnil This notice is given by older a the city Gouncih4f the City of \evcport Beach, California. _ CITY OF 11EW PORT BEACH, CAJ.IFORNL j MARGERY SCHROUDER, City Clerk Dated: September 16, 1857 ,No.. 278 9 �News Press 8/18, 25, 1867 0 AIR MAIL The Bond Buyer 67 Pearl Steer New York 4, New York Gentlemen: September 17, 1957 Re: Newport Beach Water Bonds, 1957 Enclos,,.' please find an advertisement for publication at th,: first ava.lahle opportunity in 'The Bond ruyer.." It is requested that you subrait proof of the proposed copy to d'Melveny & Myers, Attorneys at Law, attention: Ray H. Lindman, 433 South Spring Street, Los Angeles 13, California. Very truly yours, Margery Schrouder City Clerk - Treasurer City of Newport Beach MS:e Enc . 80,01,1 under Schedule I m General, 710 Contractor shall furnish all equipments labor and materials exclusive of rater., for the testing and proper disinfection of the completed reservoir and connecting piping under Schedule Due to the shortage of water it will not be possible to completely fill th4;.. reservoir for a considerable tire after it is completed„ It is estimated th the reservoir can be filled over a period of approximately four monthe, It: may be necessary for the City to use the reservoir durinC this period in order to supply peak demands. For this reason,, the City will operate the inlets outlet and chlorination facilities during the filling and testing porioda but the Contractor shall otherwise retain full responsibility for the entire project until acceptance of the reservoir by the City after the: filling and testing oper-tions have been successfully completed, As under Section 258 the amount withheld in the progress payments to the Contractor, will be reduced to 4108000.00 upon substantial completion of work under the contract except the filling and testing of the reservoir, M012 Cleaning and flushing, .Prior to disinfecting the completed reservoir8 the reservoir aha]l be cleaned by hosing out and the pipelines shall be thoroughly flushed our.., The plant supply booster pump (300 gpm capacity) may be used to supply pressure water but al-1 temporary piping hose lines shall be provided by the Contractor., C -189 DI 1 ME 0 1 M -th T e �,r The Contractor shall fu_r�Asll .gjnee' in lon necessary to determine the. cost of ,ie wczl- 'fo,'. )urpose9 of '.3-rogress estimates, including an itemized in a form satisfac OrY the Engineer of the actual cost of all �ihtorials delivered by the Contractor to the site. The Contrac- "Or •b-13.1 PO-111i-t the Enn-lineer to have ecceos to original pay-rollst vouchers r<-cords to the e:,.Uent reclllu',�d to verify the figurer Liven in ea(!h sv.ch sj,'ai;Frncnt, and the: shn.].l not be entitled to receive on account Of any Progress or final estimate herein provided for 1:11j.ess . anCl until he shall have coml;licd with the provisions of this Section, 25. Prc),V- ess, eoti-,;,ate, e , S, ka) U_,L Engineer shall, on or -b. out the I.-ertt.-Y-fif" 'i C!aY of c ch cLlendar r.ionth, except as provided in Subsection b)i r ;,.ik:- in -vvitinL e.1.nd csrtify to the City, an estimate such as in his "."hall be just aj,-C, fair, of the amount and -value of the work done by i - amowit and va!uE! of all acceptable materials r end of tho fL;rnis1ied and delivered by the Contractor to -the site and not used UD to that ijine in the of the contM.ct. To 'the figure thus arrived L be Edded any due the Contractor for l7er forminC extra worls or 1. l`." _fl lrnishing P xtrC INIt( ViGls 01- ecluiprdent, deduction of ten Per- C='t (lC5) shall be ruado frrR, the -Otal *thus computed, and from the remain - 6-1-5-P 42U ::re ohi7.3,1 be fUrthel' deducted all: amounts due the -City frarli IrAhe ,1. Ont_ractor for slxpplies or miaterials furrishe,31. or services reiidered and any ether annoll,.its that may be due the Cf [-..y under the terms of the contract, From t'he balance thus determined shall be d&.ucted the amount of a-1.1 B-25 previous pays oats and t s ncmnaindaz chall constitute the progress estimate for that month, Such progress ostimates shall not be required to be made by strict measuremen`, but they may be made by measurement or by estimations or oartly by one method and partly by the other,, and it shall be sufficient if they are epproximste only„ (b) The progress estimates provided for herein may at any time be withheld or reduced ifs In the opinion of the Engineers the Contractor is not diligently and efficiently endeavoring to comply with the intent of the contracts or if the Contractor shall fail to pay his labor and :material bills as they become due. (c) In the case of Schedule Is upon completion of all Rork except the filling and testing of the reservoir proper, the City will pay all but OlOpOOO of the amount due the Contractor, The remainder will be paid after tha reservoir has been tested in accordance with Section 50,01 1 and the work accepted and notice of completion filed in accordance with Section 27, 26, Monthly payments„ (a) Upon each monthly progress estimate being made and certified in writing to the City9 the City shahs within twenty (20) days after the date of such estimate, except as stipulated in Sub- section (b) hereof, pay to the Contractor the amount stated in each estimate to be due the Contractor; provided, however, that the City aAy at all times reserve and retain from such monthly payments, in addition to the retained percentage and other amounts above mentioned to be deducted in computing the progress estimates' any sum or sums which by the terms hereof, or of any law of the State of California it is or may be authorized or required to reserve or retain# Pnd provided further, that no such progress estimate or monthly payment shall constitute an acceptance of the cork or any portion thereof„ The percentage deducted as above set forth shall become due and payable with and as a part of the final payment to be made as hereinafter provided, MV. 0 MWR M-, ;(YNIIITIONS fbt In the e -t (16FAract or any part thereof shall be Sus- pended as ed.percentage as provided in provided ir., r. 25 shall become- -he SO cl- -le arl- �02olute property of the City to -!-he to repay to the City any excess in the cost of the lwoik c0l-Mract price, an After issuance of notice to discontiuue work, no Y,4Ym,Mts upon pro,-7ess estimates or oiler w.-Lse shall thereafter be made to t] P. C'C'n=ci-or for the "T D 7)`, covereU t`j,y s-d.d. notuice until completion of -he WOrk, an-J f'-fal ;ot le;,ir.nt, r. i -astimate and Whenever in the opinion of the ;�z --- ne he Contractax- ;hall. halve =mp2etei-y performed the contract on ML; ';:art, Lhe Eng-Ineer wL-Ll submit tc the Contractor a vi-ritten statement of nuant'ties of contra.EU items Por inclusion in th e nal f estimate. I es ma I "' CcMxactor 111 be e-, ected to C- XD submit .his 1,-ritten apj?rovD.l of said pro- -7,09--6- final qu-I.Atities within five (5) days of receipt of the Engineer's Statement, ;r, in the evant Lhe Contractor disagrees with such Written 6+-?-te7ue.'nt.- --iial.] rithin said period of five days file a written stzterin-Y,16 c)f all cl*ims vyhlci, he intends '0 present., If the Contractor delays more than fiv- dayn in _ ?.Vesentiiig such urJttel a:ar,:Lova"i or u e 0 n - . S ch written Statem nt Of h-',..g claidic- th 4�.zjje or the f4nal ,ji, shall be ex ended by the period U payir.,L of such drlcqy, receipt f-,,om t-las con�,.rztctor of writtx-,n aPProval O:G the the in writing tier t e Engineer shall rn,,hc in -rising and certify/to the City in he shal '. state, from actual measurements; the u Ill-ole tarinunt- of ':iork done by the Contractor and the value of such work under and according to the termo of the contract. If, in its discretion, B-27 • • the 1111 Olt-F 5'.'U-ids tha" work "S Wen caawleted accordia, to contract, by rwoolutAos, 00 find Rnd declare the work to be accuytnO Tith" ten (101 days after the date of Physical Completion of C-ause ' O the WOW? Win n! :Ieax on behalf of the City, in the Mae Of on, cuz,, COWY Recorder " notice Of COMPletion of the be done by the contractor. ITIM "he of QYAAU'"of thirty-five (35) days after the filing OZ such noticc of Corl"PletTOII of the work, the City shs,12 ,, to ,, Contran- Pemoining after deducting from th amount Cr value stated in tL e abcmn.zenti( ned catigate all prior payments to the C ....... or and all "Onty "o be "" and retained tuder the Provisions of the cout•actu If ".-he Contiv4-).Vor displTees with the Ensineer3s final estimate zRid period of thirty-fIve AW days, files a written statement of his clalms, in accordance with Suboection (a) herein, the Engineer will Wat cc a semi-, _'J rial e��t imate the proposed estimate submitted to the Con- trawtow and Me City thirty (301 daysp pay the* sum found due tide Mn after deducting fral Uie amount or -valVe stated in the first- mentioned estimate all Pr'cr PaYmento to the COntractor and all amounts to be "S and Mtsined under the provjsj,,, of the COntract. The Engineer ahell then consider and ': `he Contractor's Claims and shall make su" revision in the said estimate an he may find to be due and shall then in "i'l-ting to the City the whole amount and value of the work done by the contractor under and according to the terms of the contract. The City ui]l pay the GLLYt so fcund due, after deducting all previous B-28 { CzFMERAL CON61TIONS Vi 14' r :rrc -.ct and amounts c$ may be retskn& to 11.n, irdance wi%:.. ati,nM51 and 32 I if) All prior estimate:, Won which partial payments have been n;.&.- chall be object to correctiga $n the final estimate. The final es• a.te ar26. .dc thereunder 0M bellinal and conclusive upon the Coutrac -- ar a %3. es Recovery of damages. The making , of an estimate and `� P payment in is €.e:aitt shall not pseclure the City from demanding and reco >er- ;ne Co 'tractor such fl$:aages as it any sustain by reason of his ply ',7. tih the e - f,:-c, s _j_y '1 these sP Ci 1 3t_GnF 29- lal Pay;nent terminates lability. The acceptance by the Contrac- too of the final rayrert aforesaid shall be a release to tll.e City and its nts, from all claims and liability to the Contractor for anything dome cr fulnished for, or relatiog to, the work or for any act or neglect of the City Or Of any person relating to or affecting the work, except claims a0i=t the City for lie remainder, if any, of the amounts kept or retained an joss ded in Section j?, O, :ci personal liability. No agent of the City shall be personally responsible for any liability arising; under the contract. No claim shall be T de or filed, 'and nei ,hev Ube City r:or any of its agents skull be liable f t, rig held to slay any ".h{ Y, except as specifically provided in the contract,. 21c Moneys way be retained.. The Ci - may keep any moneys which would othevvise be payable at any time hereunder and apply thc: same, or so much as !n:.-.; be recessa y therefor, to the payment of any expenses, losses, or damages $-z9 117 WLN9 N BTReET LOS AioTGELEs 13, GAmFOI2NIA. .:........... ........ PLLPSL DIRECT REPLY TO p (] P: 0.60% 168 September 18, 1957 LOS PNGLLES 63 Mr. Robert Shelton City Manager City Hall Newport Beach, Calif. Dear Mr. Shelton. Relative to our telephone conversation yesterday appertaining to the preparation of your $1, 780, 000 issue of Water Bonds, the cost will be $1, 414.30 plus $40. 00 for each additional rate of in- terest over one. r In case Margery Schrouder, City Clerk, wishes to use our signature machine, there will be an additional cost of $125.00. This charge \ also includes sealing the bonds. We would need the brass die part of your seal for this purpose for several days, and you may wish to order an extra one of these \ made so that the City will not be without its seal. We are enclosing several signature cards for the Mayor's signature as it will be necessary for us to have a cut made to print the signa- ture on the bond face. We note that the City will receive bids for the purchase of the bonds about the middle of October and the bonds should be ready for delivery thirty days thereafter - as you informed me it will take thirty days for the ordinance to take effect. JEFFRIES BANKNOTE COOANY -2- September 18, 1957 I will look forward to seeing you and Mrs. Schrouder in San Francisco at the convention of the League of California Cities, Yours very truly, Lawrenc e r es Vice Pr d LLJ fsl Enc . RESCL*JTION NO. qe Y 11 RESOLUTION OF THE CITY COUNCIL OF TIM CITY OF NEWPORT BEACH, CALIFORNIA, DIRECTING THE CITY CLERK TO P1n1LIS.H NOTICE INVITING SEALED PRCP2 .I'S FO' $1,780,000 BONDS OF SAID C:T'f WHEREAS, the City C -3uacil of the City of Newport Beach, California, has introduced an ordinance providing, for the issuance of bonds of said oitjf in the amount of $1;780,000 to be designated WATER BONDS, 1957; and WHEREAS, it is desirable that said bonds be sold; NOW, THEREFORE, the City Council of the City of Newport Beach, California, DOES HEREBY RESOLVE, DETERMINE AND ORDER as follows: Section 1. That said bonds be sold and trial sealed bide or proposals for the purchase of said bonds be received up to the time stated in the notice hereinafter set forth. Section 2. That the City Clerk is hereby authorized and directed to publish said notice once in the NEWPORT HARBOR NEEWS- PRESS, a newspaper of General circulation in said city, such publication to be at least ten (10) days prior to October 15, 1957. The City Clerk is also hereby directed to cause the advertisement hereinafter set forth in Section 4 to be published once in THE BOND BUYER, a financial journal published in New York, New York, but failure to publish said advertisement in THE BOND BUYER or any defect in such publication shall nci,: invalidate or in any manner affect the proceedins for the sale of the bonds. 0 0 Section 3. That said Aotice shall be substantially as follows: NOTICE INVITING BIDS ON $1,780,000 CITY OF NEWPORT BEACH, CALIFORNIA., GENERAL OBLIGATION BONDS. NOTICE IS HEREBY GIVEN that sealed proposals for the purchase of $1,780,000 par value general obligation bonds of the City of Newport Beach, California, will be received by the City Council of said city at the place and up to the time below specified: TIME: 11:00 o'clock A.M., Pacific Standard Time, October 16, 1957. PLACE: City Council Chambers City Hall Newport Beach, California MAILED BIDS: Should be mailed to the City Council of the City of Newport Beach c/o City Clerk, City Hall Newport Beach, California. OPENING OF BIDS: The bids will be opened at an adjourned regular meeting of said City Council to be held in said Council Chambers in the City Hall in said City on October 16, 1957, beginning at 11:00 o'clock A.M. ISSUE: $1,780,000, consisting of 1780 bonds, designated WATER BONDS, 1957, numbered 1 to 1780, bath inclusive, of the denomination of $1,000 each, all dated November 1, 1957. MATURITIES: The bonds will mature in consecutive numerical order in annual amounts as follows: $70,000 on 2. 0 0 November 1 in each of the years 1958 to 1,7 , both inclusive, and $75,000 on November 1 in each of the years 1977 to 1982, both inclusive. INTEREST: The bonds shall bear interest at a rate or rates to be fixed upon the sale thereof but not to exceed o% per annum, payable annually the first year and semiannually thereafter. SIGNATURES: At least one of the signatures on the bonds will be manually affixed. PAYMENT: Said bonds and the interest thereon are payable in lawful money of the United States of America at the office of the City Treasurer of the City of Newport Beach, California, in said City, or at any fiscal agency of said City in Los Angeles, California, o <, in Chicago, Illinois, or in New York, New York, at the option of the holder thereof. REGISTRATION: The bonds will be coupon bonds regis- terable only as to both principal and interest. CALLABLE: The bonds maturing on or prior to November 1, 1972, shall not be subject to call or redemption prior to maturity. The bonds maturing on or after November 1, 1973, or any of them, may be called before maturity and redeemed, at the option of the City, in inverse order of maturity and number, on November 1, 1972, or on any interest payment date thereafter prior to maturity, at a redemption price for each redeemable bond equal to the principal amount thereof and accrued interest to the redemption date, plus the follow- ing premiums if redeemed at the following times: 3. Year of Call Premium 1972 or 1873 -1/2% 1974 3 1975 1972 2 -1/2% 1977 2% 1978 1 -1 /2yb 1979 or i930 1% 1981 or 19132 1/2% PURPOSE OF THE ISSUE: Said bonds are issued for the purpose of providing additions to and improvements of the water storage, transmission and distribution system of said City. SECURITY; Said bonds are issued Pursuant to Article 1, Chapter 4, Division 4, Title 4 (Sections 43')00 et seq.) of the Go:rernment Code of the State of California, sometimes known as the Municipal Bond Act of 1901. For the purpose of paying tare principal and interest of said bands the City Council shall at the time of fixiag the general tax levy, and am =ually thereafter until said bends are paid or until there is a sum in the treasury of said City set apart for that purpose sufficient to we et all payments of principal and interest on said bonds as they become due, levy and collect a tax sufficient to pay the interest on said bonds as it falls due and such part of the principal thereof as will become due before the proceeds of a tax levied at the next general tax levy will be available. Said tax shall be in addition to all otAer taxes levied for municipal purposes and shall be levied and ;ollected as other, city taxes. TERMS OF SALE Interest Fate: The maximum rate bid may not exceed 6%, payable annually the first year and semiannually thereafter. 4. • i Each rate bid must be a multiple of 1 /8th of 1% or 1 /20th of 1%. No bond shall bear more than one interest rate, and all bonds of the same maturity shall bear the same rate. Not more than four interest rates nia.y ^e bid. The repetition of any rate will not be considered the biddin of an additional rate. The rate on any maturity or group of maturities shall not be more than 1 -1/29 hither than the interest rate on any other maturity or group of maturities. Award. The bonds shall be sold for cash only. All bids must be for not less than all of the bonds hereby offered for sale and each bid shall state that the bidder offers par and accrued interest to the date DC delivery, the premium, if any, and the interest rate rr rates yet to exceed those specified herein, at which the bidder off rs to buy said bonds. Each bidder shall state in his bid the total net interest cost in dollars and the averae net Interest rate determined thereby, whi o-, shall b :-- -.onsiderel informative only and not a part of the bid. Highest Bidder: The bonds will be awarded to the highest responsible bidder or bidders considering the interest rate or rates specified and the p=entium offered, If any. The highest b_d will be determined by deductinz, the a: :iount of the premium bid (if any) from the total amount of interest which the City would be required to pay from the date of said bonds to the respective maturity dates thereof at the coupon rate or rates specified in the bid and the award will be made on the basis of the lowest net interest cost to the City. The purchaser must pay accrued Interest fr•oo the date of the bonds to the date of delivery. The accrued interest shall be computed 5. on a 360 -day year basis. The c.. %st of printing the bonds will be borne by the City. Ll of Rejection: The City reserves the right, in its discretion, to reject any and all aids and to the extent not prohibited by law to waive any irregularity or informality in any bid. Prompt Award; The City will take action awarding the bends or rejecting all bids not later than twenty -six (26) hours after the time herein prescribed for the receipt of pro- posals; provided that the award may be made after the expira- tion of the specified time if the bidder shall not have given to the City Council notice in writing of the withdrawal of such proposal. Place of Delivery: Delivery of said bonds will be made to the successful bidder at the officie of the City Treasurer, unless some uthei, pla,3v of delivery is agreed upon between the City Treasurer and the purchaser. Prompt Delivery, Cancellation for Late Delivery: It is expected that said bonds will be delivered to the success- ful bidder within thirty (30) days from the date of the award thereof. The successful bidder shall have the right, at his option, to cancel the contract of purchase if the City shall fail to execute tk;e bonds and tender them for delivery within sixty (60) days from the date of the award thereof, and in such event the successful bidder shall be entitled to the return of the deposit accompanying his bid. O. 0 0 Form of Bid: Each bid, together with the bid check, must be in a sealed envelope, addressed to the C ty Council of the City of Newport Beach, c/o City Clerk, City Hall, Newport Beach, California, with the envelope and bid clearly marked "Proposal for $1,780,ow Water Bonds." Bid Check: A certified or cashier's ci;, >c' c-n a responsible bank or trust company in the arlount of 3% of the principal amount of the bons, payable to the order of the City, must accompany each proposal as a guaranty that the bidder, if successful, will accept and pay for said bonds in accordance with the terms of his bid. The proceeds of the check accompany- ing any acoi�pted proposal shall be applied on the purchase price or, if such proposal is accepted but not performed, unless such failure of performance shall be caused by any act or omission of the City, shall then be retained by the City. The check accompanying eac;: unaccepted proposal will be returned promptly. Change in Tax Exempt 6Latu3: At any time, before the bonds are tendered for delivery the successful bidder may disaffirm and withdraw the proposal if the interest recei.f_d by private holders from bonds of tine 3a1e typ.; and _haraoter shall be declared tc• be taxable income under present federal incor:e tax laves, either by a rulir:g of the Bureau of Internal Revenue or by a decision of any federal court, of shall be declared taxable by the terms of any federal income tax law enacted subsequent to the date of thi3 nctice. LeAa.l Opinion: The unqualified opini;rn of O'Melveny & Myers, attorneys, approving the validity of said bonda will be furnished the successful bidder a,w or prli r to tha date of delivery of the bonds, at the expenpa of t -e Cit . 7. 0 P No Litigation Certificate: At the time of payment for and delivery of said bonds, the City will furnish the successful bidder a certificate that there is no litigation pending affecting th.: validity of the bonds. INFORNtATION AVAILABLE: Copies of this notice and of the official prozpectus relating to said bonds may be obtained from Robert Shelton, City Manager, City Hall, Newport Beach, California, c;ir from the iinanuial consultant to said City, Stone & Youn;ber�; Russ Buildin San Fvaacisco, California. GIVEN by order of the City Council of the City of Newport Beach, California, adopted September lb, 1957. MARGERY SCHdOUDER_ � i'iy Clerk or € s* o Newport Beach, California. Section 4. That said advertisement to be published in THE BOND BUYER stall be substantially as follows: 41, 7dO, 000 CITY OF NEWPORT BEACH, CALIFGRNIA is'ATER BONDS, 1957 The City Council of the City of Newport Beach, California, mill receivs seal bL3s until 11:0 o'clock A.M., on OCTOBER 16, 1957 at its Chambers in the City Hall in the City of Newport Beach, California, for the sale of X1,730,000 general obligation WATER BONDS, 1957; to be dated 8. November 1, 1957, maturing $70,000 on November 1 in each of the years 1958 to 1976, both inclusive, and $75,000 on November 1 in each of the years 1977 to 1982, both inclusive. The bonds maturing on or prior to November 1, 1972, shall not be subject to call or redemption prior to maturity. The bonds maturing on or after November 1, 1973, or any of them, may be called before maturity and redeemed, at the option of the City, in inverse order of maturity and number, on November 1, 1972, or on any interest payment date thereafter prior to maturity, at a redemption price for each redeemable bond equal to the principal amount thereof and accrued interest to the redemption date, plus the following premiums if redeemed at the following times: Year of Call Premium 1972 or 1973 4% 1974 3 -1 /2% 1975 3% 1976 2 -1/2$ 1-1/2,% 1978 1979 or 1980 1% 1981 or 1982 1/21t Each bid must be accompanied by a certified or cashier's check payable to the City of Newport Beach, in the amount of 3% of the principal amount of the bonds bid for. The City Council reserves the right to reject any or all bids or to the extent not prohibited by law to waive any irregularity or informality in any bid. The interest rate or rates bid may not exceed 6% per annum, payable annually the first year and semiannually there- after. Each rate bid must be a multiple of 1 /8th of 1% or 1 /20th of 1 %. No bond shall bear more than one interest rate and all bonds of the same maturity shall bear the same rate. Not more than four interest rates may be bid. The repetition of any rate will not be considered the bidding of an additional rate. The rate on any maturity or group of maturities shall not be more than 1 -1/2% higher than the interest rate on any other maturity or group of maturities. Each bid shall state the total net interest cost in dollars and the average net interest rate determined thereby. The bonds will be accompanied by the approving opinion of O'Melveny & Myers, Los Angeles, California, at the expense of the City. At least one of the signatures on the bonds will be manually affixed. Requests for a copy of the official Notice Inviting Bids.,for the official prospectus relating to said bonds, or for other information concerning the City should be addressed to Robert Shelton, City Manager, City Hall XE Newport Beach, California, sultant to said city, Stone San Francisco, California. • or to the financial con - Youngber.-.', Russ 3uilding, MARGERY SCHROUDER City Clerk of the, City of Newport TE -a-h, California. ADOPTED, SIGNED AND APPROVED t:is 116tH day of September, 1957. Mayor of i p of Newport ;;each, California. ATTEST: City -Z`I� C o Tze mtyor- Ne;wport Beach, California. (SEAL) STATE. OF CALIF0? 2 COUNTY OF ORANGE ss. CITY OF NLWPCRT HLACY I, MUGE`iY SCHRCUD?ar ?, City Cleric of the City of Newport Beach, California, Do HEREBY CERTIFY tilat tie forag-ing resolution was duly adopted by the, City Council of said city and was approved by the Mayor of said city at an adjourned regular meetin3 of said City Council held on the 16th day of September, 1957, and that i4 ;-,%as 6o ado?tec as follows: AYES: Councilmen i'( ..% ` NOES: Councilmen A.BSE�!T: Councilmen nA.ti\ MYIT Z.iE -S ice. y of__ —. (SEAL) Ne-aport 3each, California. Ila STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. CITY OF NEWPORT BEACH ) I, MARGERY SCHROUDER, City Clerk of the City of Newport Beach, California, DO HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of Resolution No. yV b and that the same has not been amended or repealed. DATED: September , 1957. City Clerk pir the City of Newport Beach, California. (SEAL) 11. JOV `Oa.E''ENY [:CUEY.ry Nn • e ' SSCLL 9rGMUn C.BE9GEN w.OInE:VCNV rd95'r9il N4PR: L.a VNN W'ILLI M P.M.n1'N ��,., j1' J4ME$L. EEBE BE4XE (,JONNS.0 gIERCE WORxE aOnEa LxliBxEU qpv x, LIx6NgN JquE5 C,G9CEUE LAW OFFICES OF LOVIE W. niCPS �q reG q w MwpsBr ,x CLngi BcnaNnx Eo i+o c. EaE EL.JV. 0 M ELVENY & MYERS. �• �• o ou cE qcE EsLxcxoour JnNES N.ImmgJR. vNxiek.w[siBgCOn, +P' �,.. 433 SOUK SPRING STREET $,.'f t/ HOLLYWOOD OFFICE (a[ Eq wars. ^ s G BEgT E.xggxx LOS ANGELES . &aZo SgNSET BOULEVARD is qcx r.v: c +* pn L.SCOn mwggB esxrtx.m 3 L05 ANGELES POC E G -- Cl OR;X6CGM4N - POBEP E EE t B F aN Se 2'B, 9C C 5 SRIM SP,TPAC4N [ L M1L5 ptember nL CNCL - cCS.JR. 13th CABLE ADDRESS MOMS Cu n _ _CxxS Ro5E6 � � � EE5 VEREli B.CLpPV�R _�i iP�nIE•C..'.•C.:Ex BENNEIT W.PglE51 qn p.uCOPE gxcs E.cgo ES E.nggLEY WSLixEq acxpgc EsnEP•cuc iARTON IN REPLY REFER TO 1ME9 W.BEEBE 6,•EC:ai'.V Pi0X8.BECx q¢nggC S.agGLgxo CxnPLES 'PRPEF r: _"iST0MR a:cxggo v:rL B-330, aO�E.e0ii5 R.BRgCBVRr Cy4Rn ' M1' Mr. Robert Shelton � � E'tiPO y' U=1 H 4ATER City Manager JONDS , 1937 City Hall Newpovt Beach, California i Dear i<o. Shelton: I now enclose herwjtthJco ids of a new page 11 for the ordinance and a n rat alp for the resolution. These pa6es have been vet e� to h a the new name of the Official ne4spaper. Piwasi-s t these pages in the docum."3 :to alreaU,p furll.tR d "Da Oef o .^, those dw:c=02ts are usod next Mond4� .,.Beal %.. I dis.i u4sid with y'uu by telephone this m vain6 the fact that the glayY uuunoll will not meet in regular meeting on September 311 Aux bo toe, L-,a ue Cwa✓ention. Tod adoption ow the o 1,Qyntfcc delayed until the rn ;ular m sting of t Govs lAh. The only effect of this will be that Q4 bonds c4ii ct be delivered until _vovembei 13th, whereas dttievwise Act could have been delivered at any time nn o k�fter NAW "ber lat. however, deliveries normally take place abeut tgirty days following award and hence this change w•rili lave any practical effect. Accordingly I am sending; to you herewith copies of a new calendar showing the correct name of the newspaper and snowing the new dates for adoption and publication of the ordinance. With kindest regards, 'UeM incerely yours, RAY LINDMAN RHL : GB Encl. cc - mis argery 5chrouder City Clerk _ - M: . Richard M. Hartle Stone & Youngberg LI #2 - Mr. Robert Shelton - 9 -13 -57 0 P.B. I also enclose a new page 12 for the ordinance to show in the certificate the correct date of adoption. i� 1\ 9 CITY OF NLk'PO;YT BEACH WATER BONDS, 1957 I�'bu I3ca� ions in -�`T_� published on Thursdays 0 at 7 QO P.M _M NDAR _r.. - SAL" 1957 September lb - Introduce ordinanc-e of issuance (Au jc.arnvd re. tzler Adept sal- ::ce- ating) September 25 On c:r b� %ore this date publish „ +ritin:�fCB''ds cnce in TNoticeyt�!I t`t..iVC?LRT ZEEACH NEWS- FRESS. Algiv publish advertisement in MHE -3'Vi4 } r`,fdYwn at earliest possible date. S -ltembea 27 - Not later than this date City Clerk sh "-1 "i :aail rpy Df lctic_�ifir y Bids to each addressee shoran on mailinZ list furnished by '5tc•ne 3 Youn &berry. Cctober 14 - Adopt c;r inanc:rz of iasaance (Regular meetins) (At least aye votes required. Head in nn unleas ra8din araived by unanimous vote on separate motion after raadir.; of t.. *.le. ) October sS (Adjourned regular meetinx) October 21 - Adjourn to Uctooer l6th at 11:00 ;'clock A.M. 11:1,YJ A. ':. - '�Perl bias and award , 1 rids. - On or bcfcr this date publish Wrdinsnce. (Bonds must not be delivered before November 13th) v -i ' •x .9 IL RCxnRp .0= 4.^.Ex ARAY L.OU xN Mp Rll l: JqM ES L:B[E BE CE aI EM.J Ox xsOx vIE Llxpu AN oq AM M57EELL .—C HELL AMESc.p4EENC GRJIaM L y,J q. W.PiEUP M e,ugmnx CAfRMAx POWA.M _,:.xo L.r €,,:EL.Jq.. .,.,pLl �EO4GE�:ELmE�ppq. .lie ESgM,l AVme.: q. xwP :wts agoon.J q. ,q pE I.BE11 E AM 4UREN M WklG E em ix.W qG px EY A_oOi. EP LJ q.NOCSU pN G1. Acl LEI,_ �aay.as;. acxAgc =cN �q . A.5' L ._R J NG EL^ A q s`Oxxs C E E C EFi I, s qp3 .i UEC E4 I,1 E F 7T e.CLFq r EgpNn E. wf JAIL- 1 111 g 9= AM Ei :. C A088 R!: xegC E;s �PfvC JC E xaq LE` x'ptix Eq. 'x E000PE AFi n _.m ES M.e EEeE e:AroN e.eEE n xagc e.4pcL>xo xpRLES c. z.np,.r.J,. qRE� m LxA:=.pPx.e A'o; Eoona 0. aR AO 0U qr 4in6 LAW OFFICES OF O'MELVENY & MYERS 433 SOUTH SPRING STREET LOS ANGELES 13 September, i 11th 1957 ti LC. ;sir. Robert Shelton City Manager 1 i. i'. OMELVCxi IA?S 141I LOUIS W. 4 111 HOLLYWOOD OFFICE ,,20 SUNSET BOULEVARD LOS AY.EELES 25 CASLESODRESS -O-S IN REPLY REFER TO B -3956 NEWPORT B!PACH `.+AT]::R BONDS, 1957 City Hall s Newport Beach, California Devi° I Shelton: I_i cc)aaection aipfi tha sails of the V$1,780,000 Water Borids I now enclos hqx, ith the following: 1. Original _dnd r%�`ce;�ies of an ordinance providing for tb? isauauc o the b ?nds. 2. Uri iNal acid vIV ee opies of a resolution directing pub ifiation oP: she uotiee inviting bids. This resoluti n`'include$ the notice in full and also includ:)Br iaafu 1--3 he : a oA advertisement to be pub - lishecp''S,.rf�"zhe B`dr1� .�iz�frr, $. An extra copy or the notice inviting bids alone, which Dopy is tyb;be sent to the Newport Harbor Ensign. '4.-'-Arr'axtra ropy of the advertisement alone, which copy- -4g-to be sent to The Bond Buyer. 5. Copies of a calendar for the sale proceedings. 6. A mailing list for tiie notice inviting bids. I am sending a copy of this letter to .Firs. Schrouder, the city clerk, together with a copy of the calendar. I am also sending; a copy of this letter to Stone & Youngberg together with copies of the ordinance, resolution and calendar. The maturity schedule, call provisions and other specifications for the bonds are in accordance with the data furnished to me by Mr. Bartle of Stone & Youngberg. please check over all the documents to be sure that everyth!n,, is in accordance with your desires. Stone &: Youngber;-, .:rill also check the documents to be sure everything is as they wish it. 0 0 #2 - Mr. Robert Shelton - 9 -11 -57 As shown in the calendar the ordinance is to be intorduced and the resolution adopted at the adjcurried regular meeting to be held Monday, September 16th. The ordinance is to be finally adopted at the regular reacting of September 23rd. Please note that at least five aye votes are required on the vrdinanc;e. The should t!e sent to the ac wzpap immediately and we should e far, he ;_ o the procf for checking _prior to Ualicat30 aliquld- also WM two-- anpies__,o e -Qrobf on - -... _ —. the ordinance_iflr .ch �; iris prior to _ae �u5_ cUion. he auggeRtad dates of publi--ation or^e shown in t ;E 1 =r ar. As soon as we have chtcked,.proof to th notice Inciting bids to be published in the local paper the City Clerk should procure fro-n Sufficient printed copies of the notice to Triak2 the mailings to prospective bidders. Along with , tl--- c.bpy., of tie, notice there mill be railed a copy of the/ fldial'stateaR*nt prepared by Stone & Y:.ungberg. I do noti now whetim thia mailing is to be handled by the City- or by_St ,a -e &- Youn, .tiarg,. The enclosed mailing: list should be used,Cin�es�,- Stone `Y�oungberd furnishes its o4n list. T e/ dvertisei#nt "should be sent to The Bond Buyer, /6; Pearl S reet, New ).Fork 4, New York, with instructions to \publish thei 4dvertisetheht at the first available opportunity. The Bond Buke should tee instructed to submit proof tv this office. r' A decision should b bonds are to be printed and w decision so that we can have proper copy. In this way the made so that the printing of following the award when would recommend that the pany in Los Angeles. e made immediately as to where the e should be advised of this the order entered and furnish arrangements will have been the bonds can go forward immediately the interest rates are known. �e bonds be printed at Jeffries Banknote Com- From time to time as each becomes available Mrs. Schrouder should furnish us with the following material for our transcript: 1. Certified excerpts from the minutes-of September 9th showing the heading, the opening roll call and the adjournment to September 16th. • • #3 - Mr. Robert Shelton - 9 -11 -57 2. Certified excerpts from the minutes of September 16th showing the heading, the opening roll call, the introduction of the ordinance and the adoption of the resolution. 3. Certified excerpts from the minutes of September 23rd showing the heading,'the opening Roll call and the adoption of the ordinance, 4. A certified copy of the resolution. A certified copy of to 6rdtMgFe. Are aff idavit cf ppbl,icat un of he, notice inviting bids. 7. An affidavlt or guLlLua 3oa cf t'-_e advertise- ment in The Bond Buyer. Hcrweve: you may if you wish direct ,no 2c,nd Lu;zP to su!1d this da.ect'IJ to us. Warren 3ee'�. is o::`vacat; a and I am handling this matter in his al: aerde; If y u :lave "any question about any of the fore3ciq Please ca11 me prior to next Monday's meeting. -- W�a� �indest`revaxds, fiery s1 erely urs, RAY H. LINDMAN RHL :GD Encls. cc - Mrs. Margery Schrouder City 0eek Mc'. Richard M. Bartle Stone & Youngberg • • CITY OF > F.'o= pRT SUCH WATER 3 NDS. lc)j? NF -WFORT HARW* ENSIGN, �uoliahed_on Thursdays City �ursc� rite -t� �ruj and 4th Mondays, 7:30 P.M. CALEN A t FOR BO—D :AU 1957 September lw - Introduce ordinance of issuance (Adjourned regular Adopt resolution re sale meeting) a otember 23 Adopt ordinance of issuance (Re�;:lar meeting) (At least aye votes required. Head in ='ull unless reading waived by unanimous vote on separate motion after reading of title.) Scptenber 23 - On or before this date publish Notice Invitin„ Bids once in NEWPORT BEACH ENSIGN. Also publish advertisement in THE BOND BUYER at earliest possible date. September 23 - Not later than this date City Clerk shall mail copy of Notice nvi�3ng- Bids to each addressee shown on ace mspanyln >6 mailing list. September 30 - On or before this date publish ordinance. October 14 - Adjourn to October lath at 11.00 o'clock (Regular meeting) A.M. October lei - 11:00 A.M. - Open bids and award (Adjourned regular bonds. meetin,,) September 1,, 1957 Mr. Rieherd N. Lamle Stuns & ypuggberg Russ Building Sao Francis", California _. Dear Dick: Discueaed on the phone with Ray Lindnan to• day the documents he fonarded. It was decided that the bond sale ordinance rill be adopted October 14, be effective Nv#wbsr 13, and the bonds delivered on that data. H"o this scbeduls is o.k. with you. I haw been advised by local bankers, and by Lindman, tbat it is desirable to gat a 400dy bond sating for Ne :pact Beach established as goon 48 pi"siGlo. If you cowwr, are you haud'!Ins this or is there some. thing w should do? We did not discuss its but I trust your prospect" twill c P I I t OR the umusual margin by thich the voters approved the water bond issue. NN yon at the League meeting if not sooner. sincerely. ROBE" SHKLM RS am City Manager CCi City Clark finance Director vJXx OMEiVCXI faVL JM1EY X. n"LL — l gl<XPPE C.BEFGEY - HaflRY .OVNN LSUN i M4q[eN it W.O MiLVENV 1 i9cl v4 NFL.ex OEA FE WONFEC WOXM1S N.LNNOXNSON gaMM.LIXOMnN _ N.FN HOMEx I. M�TCXEII a ES C,GFEExE _ LAW OFFICES OF LOJIS W. MYEPS GPAxAM L. CARNANG.JP. ;;rx. oe' oq "X WI ARD w,aLSVV -W N1 N1.NN O' M E LV E N Y & M Y E R S WILLIaN XY nM[s r, Igvl E,e N. o &F' gwuq c. w[iiefloon.dR. 433 SOUTH SPRING STREET '- q[ocP¢n N.dcn.;x g Glce[gi E. XAnxX LOS ANGELES HOLLYWOOD OFFICE LA OP 5 CI �NIN ,s COT! oe.sxnx.m 13 6920 SUNSET SOU I_EVARD q,HO...AN LOS ANGELES :P.CMAgO50N "LES I} G ZB F�NA IN HAMIL7CN C August - L, XEL .OEE.rP)ir n.4E'.E YoDRES5 M(JHS EPE`� EP .fALMEq: L GCq 21st q`Gq:�s'° E E CBiE JAMO Y 055 1 9 5 7 E.HAXL. .!-TXCA C P E$ ENW3JL iv�OCCPC+:N A4 IN -M" wSFF.E BAPT.F. -BQN IN REPLY REFER TO Y.a' A.N. AWU N a[rv'.. ws-Lfw"N CHAq'.L5 G.FAnAiv._q. xANO 1.1!- A[.FOi.E ,BPAGa'.PN B -3956 NEWPORT BEACH MUNICIPAL IXPROVEMENT BONDS, 1957 Mr. Don M. Davis Stone & Youngberg 1314 Russ Building j San Francisco 4, California. Dear Don: You Can see that_ Nlawport Beach wishes to go ahead with the bond,,,-sale. 'W46n you are ready I suggest that we discuss on the phone \the way in which the issue should be set tip. I.am wing on vaaatlon the first three weeks in September, --'If I am zone--I suggest that you talk to Ray Lindmsn Cordially yours, James .1. Beebe JWB:HS Encl. CC - Karl Lynn Davis, Esq. Mr. Robert Shelton 0 CITY OF 0 NEWPORT BEACH CALIFORNIA An�►at'`1�� ,1957 Mr. Jam" W. Beebe O'Nelvany & M4,ers 433 South Spring Street Los Angeles 13, California Dear Mr. Beebe: As you perhaps know, plans are progressing for advertising the sale of the $1,750,000 "ter bond Loma, concurrently with the receipt of construction bids for the rooervoir and related feeilities. James Montgomery, the "alga engineer, and 8toae &.Youngberg, financial consultants, expect to.have their work done in time for in- viting bids at at adjourned Council meeting to be held Monday, September 16. It is further pisamed that the tnmstruction bids v:ueid be opened at the regular Council meeting Monday, October 140 and the bond bids opened at an adjourned Ceusail meeting Wednesday, October 16. The City,dnires to retain O'Melveny & Movers as bond cowneel to draft a bond reselutLpes sotice inviting bids, and any other documents required. In view of the league ge of our Charter, and past practice, a contract between O'Mslvany & Myars..and the City apparently is called for. Will you please proceed as necessary and advias us of any information you require. The Council will hold regular meetings on Aug st 26 and September 10, and will hold adjourned and special meetings, if necessary, prior to the scheduled date for calling for-bids September 16. . RS :M41 CC: Stoma & Youngberg Jemas Montgomery City Clark City Attorney Finance Director Sincerely, (le' ROBERT SHELTON City Manager OIL jAmz a M. mONTOOM I RY • CIDn AULT I. C Z. I IN R Rft • 5*0 &A,$ T WALNUT 6, 9,ET 0 PASAIDEN A. CALIFORNIA Mr. Harvey 0. Departmot of P.O. bm 1079 Sacramento 5j Deor Sir: lulr` 1917 Date, bir"too, ifitter lasou"Ims o" Vm Is forron%4 La the Process of propmuc Alms and xp"Ifi- catims for the omAtrmum of ■ 600 ure-toot, ow awermir, for tree Cltq of lwvywt bwL. Mo roearit-Ir rill be formal by a oostimumm earth dwo sad VW iVowd coly that •vater WAI" M doUvorod Uwmo a pi;w2los, of the Nv%rW*Iltm WW MmvriDt at Soutbmu Calltmmlao The mxusim hoisat of tM am "amm win be opead-suly 66 Amt " us maximwa vauw doyth vM be appnximtO7 35 fmb %bbreom In sojop&mae Witk the "Rolos sod Amoastims pwulftim to 2"Pervis1cm of Dome IL Califuu1sw j It hu Dora w*wAd that Ws sUrmbuft voa)A -tm aA*r the jurindiettm at the DeparUsent at water bwowo*s4 Mr, Jobs, Spislust at yoto Los ApasUis atfloo b" WornmW examim4 prolimin&ry plaso for um roe rvWx, molt be tools that %bors mmW be saw question *a to this DmpWtmt'S J►L46UUom in Ws •z;a reservoir v4_11 be tuilt rerun Un Uralma xuwh of a rad.1- mmuV7 O-M"fiw oozm* having a triulu:7 d.-LIBW ar" of opproxim.-Ply 60 acres i)t U* ;*Ut oC oonstrwticuo Amoff frm the draisagst area is to be diverted aromd Um dm o"Um by iaprovo& obawooU ImA returned to the rA -: al abomwl towastawoo The "Otlaft cc $urisdioticm bw bm rat*" bomm cc uw loasum of thAx reservoir &M tam sotmomytAg fed% that n& r,=W maser is to be ifiWaad"m tbW PrO&MIA4 ViAMS117 00 WWI 00 the drAithp ChArseter- istioi of t1w area• BWIOO*d are 4. MAU IftatIOR MkV Of tb* reservoir and a lArg*r scale milizinuT Plan & the reservoir. While im"Mac TC:RW opimiaG V4 st*U coutimi:o vitb yrsporstUm at IM plus m tits "AaWtion that your Dep"tammt does bove jurl"Iet1m. I JAJARG M. MDNrOOMIRV KNOINX91t • 909 VAST WALMU! 4TRItIT 9 PAMADINA. CAI.-FORNIA kr Emawny M'` jftvtW "WO tIA VWX is sabodul" to be OfterUsed tee bift an $*Vtmb*r 3-5., 1957, Yaw mrliest cmoi&mtt" at twit Tmum Bill be &-"t aor"latad. I 84 Ihol(A,Jry Co. cl-4 of X#vpoft ftadh Ywy tray Iowa a . X- 9=40W7 fit , 3L+rvey i. bank*, Director .of Suter RRSCntt�oea ;r,r f :..bra $ a eurrenT4 Sn tlie process of v ey l =e plane an& rs,ians r);: the eMfitre -'tiW " a &4 sere -Soffit. -)peen rtveer<zir, fo- ,,,,a —_ v'ityF o., i.+Svx, t bes4h. TtLe I`8terwc-Ir AU ba fa":-:vx4- b, a C.'at5i'.y.St'.zvip eq;Lr S cw-, .u', v:11 lapvund ivUX tiro voter xhia:_ '.a tr- ltv+vivi thn. ;tt n �_rrlsrr ,f tba KeltMOlita::t Water V:Alr1Ct of fr;'..nern C-al3i':araims Vie; cs� i�j:8 of VIVO 4W t0,N^41,30 W!11 'to agpg:>xi sr?, XarsZ soil lave xar::cr_c vs ?., =g depth win be tbot, tisarat::cx! is seo.;r�v:.ae alt—;; tbx "Rules saui ?AWP &U,-As ftrta.lnier :t? SLWZrrCgSGC. Of .XWM in L'e1 , it, has boese,ri assumed :wt thta Rt !%t:7d.h�Siii.[i :.xs.3 under ttae jurliv'Ictitrr: of tb» XlepurtaseaL of Wa•,:er Gtr. roan Spiel-mn of y+ur U* k-Avs t <?'i` at !An - xfornAlix s!cJ4c -aed X,:li -3nrry plant for sba r*ae vvir, vN4 lit ;livens VToAt rmecn Val ".v QCM y'.xsttnr: eta %: the Daw%taness lixiodlation % tAir- case. - T1:v - v►servoir vial be *aulli xc r asa UA iermIA&I aeraci of a ruCi- smtan O..Mlaso dOkW" :AVL g Y frsJnaV axe& of 63 acres i, :: =e ;4iat oC cn6VgLx tar.::.. dix:cor frm the draizazt o- -4* '.s �.,o be 3iasrtad around tW Ciea iwatlix by Upromwd Cbs=wls ud Ytltt-lr:, 4 -_ to tU re.!.a:" chanual 4owaatr0ow, -' use queatian cC juris&lovion i`»,i betm raitot bsovwse -1 the Imation of thi:t reservoir sasd floe iasur.OWLO ;b feat Chat W. r- x-�rft toater t+ to be UtWtxded, thus pur•adasing virtually _.ta ef'd't,0% tut the dmlx,sga ahsra^_te,.- isttic.a of the a>ea. car ed are a ens11 location sap of ti=e revervnix end c 2+vour scvae ,r+. LuLlnnry ployzi cad the reservoirs chile, vilpit.lnij yc,jr we eiball t :=trove with preperat:yaa of the pleas ou the R,aArmgtian rhat y:^ur Depa.rtmeat 4046 here jurladiCti.W. 530 IAGT WALNUT •-IIT .7 Sx. "t;-ly 15, 195 ainca the vwk ig sahedulod v, be sAvertlaed fer -blds ou�� T:4 1957. Yow earliest ;�.ae:der4t3am of thisu� =* James N. lbmea'�aix"� cc'. xf 0 :A-9S M MVNTOOM CRY • .,NSULTINr 6HOIN[RR . eal LAS K.. cp -.'r [ti . IYU4 15, 1557 tmAr. ?lnrvey 0.. baaa�t�s, Direct�r'-=�_ :_ -.;: ... Deparent o Watwe1 Slrrm)A v P.O. Box lOTy Saertwito 5, Califoruls. . De6r .Sir: OuT a'irm is *urrently is the petv-2fit of preparing p2=s MA spa 'Fi . cations for Ue eometructim of s 6W aare• foot, Cp m reservoirs for tix Z4Ci of Ktv .,>rt, bmeh. l'be reserv^t.r vi.11 `.a fCned by s aantinMaim h tiaa, 6.0 will imp7und only that vater whiah is ter ivered through a Pipelxu+ ;,t the Met.radolit•Sa Water Lisvriv;. or souti+im Galitoraia. The - r :rsxax.•� 44elv2t of the COA v0X! i1jn vUl t-a ayprwdAAt-,1y 66 feet stiaAba u^4.tm� va: -ar depth will bas aypmxi= mstr,..:.; 36 feat, tb*rsfoavr is eeiWrdanca with the "Hulse aDd Regulations %a Sit wrielm at Dow Cali MmiA ", it has been massed taet t's'ls etr%wtura Would came Jurisdiction of the bspartmw-1 at "44tr &;aauraes. - - -_ Mr, dobn SpitlaMn at XfAW Ina Argeloa oC'fiee has 'Irformallp examin" prelimmIxAry plsme fw the resamir, and he feels abet tbare mW be same question as to the DeparUent's jur-�sdfstion in this aase. "_^ac retez -roir vil-I bt built atTit•e the reA=t of a rte wmtary d sinsas aoutss iwelnj a.lribstary drs.7.wtigs Erma of sppravcia.: *,.321 60 acres n.t the paint at oaasttuetlon. Amoff orcm tiie dramas area is to be diverted aramd the dsa ftaticr by bgroved ahanrels WA veturwA to the sa ::kzal channel dow4treaw. 740 t;usetion et )Iwisdiailau toss boss raised- bee ause :;r *`2- heat of th;z rsservoir mod the ensa anyir, tart that no mmoif rat =r is to. impo_nded, th-.m prodwiap virtm.21v ru ef#net in the drainage cbamctst istics of t'ne area. Liclosed are s small location men of the res*r"+ .r and a larger scale pralimiAasy plan of the reser-voir. While again-;. Xo-,Ir oplaUn ir- 041.1 continue with Dreparstica of ties #I=& on tbs %&SUv -p+siCa wmgk r0'•s >: Dopart� tl t roes have juriediaoa. ` _ _ J 935 EAS? • PASAORNA. CALI, 's rrc Wo vwk is ockggd@d to be i Aw blft an th" very trwl�f JIM" ice NM%PMWY city e -mma?wt ft".% • City of Newport Beach City Hall Newport Beach, California Attention Margery Schrouder, City Clerk STATEMENT: INVESTIGATIONS AND REPORTS PLANS AND SPECIFICATIONS SUPERVISION OF CONSTRUCTION SUPERVISION OF OPERATION MANAGEMENT VALU J /4v ATI� tt G�% `� II�a•P ��0� G� of GI �t Field engineering services rendered during the months of April and May, in connection with work on the reservoir and transmission mains in accordance with Item 3(b) of the contract dated April 8, 1957, between the City of Newport Beach and James M. Montgomery, Consulting Engineer: Reservoir and appurtenant piping structures April May Salaries (office staff) JAMES M. MONTGOMERY JAMES M. MONTGOMERY 43.10 RUSSELL C KENMIR WILLIAM W. AULTN.AN CONSULTING ENGINEER- JACK E. MC KEE S35 EAST WALNUT STREET WILLIAM J..CARROLL JR. PASADENA • CALIFORNIA JOMN R FEE $1,597.53 EARL 5. WAGNER RYAN 1-5619 - SYCAMORE 3'7128 WILLIAM D. MATHIS 93.65 PHILIP A RAMS FRANK O. MYERS A June 24, 1][] 57 KENNETH 1.MLLLEN GEORGE 5, LEOPOLD Mileage A. GENE RHEAULT - City of Newport Beach City Hall Newport Beach, California Attention Margery Schrouder, City Clerk STATEMENT: INVESTIGATIONS AND REPORTS PLANS AND SPECIFICATIONS SUPERVISION OF CONSTRUCTION SUPERVISION OF OPERATION MANAGEMENT VALU J /4v ATI� tt G�% `� II�a•P ��0� G� of GI �t Field engineering services rendered during the months of April and May, in connection with work on the reservoir and transmission mains in accordance with Item 3(b) of the contract dated April 8, 1957, between the City of Newport Beach and James M. Montgomery, Consulting Engineer: Reservoir and appurtenant piping structures April May Salaries (office staff) $1, (114. 32 Payroll taxes - 4.25% 43.10 Compensation ins. 7.60 Compensation ins. $1,065.02 Plus 50% 532.51 $ $1,597.53 Field survey services 638.00 Mileage 93.65 Rental of survey equipt. 36.00 $2,365.18 Salaries (office staff) $ 439.92 Payroll taxes - 4.2510 18.70 Compensation ins. 3.30 $ 461.92 Plus 50% 230.46 $ 692.38 Field survey services 5.80.00 Mileage 40.60 Blueprinting 49.05 Rental of survey equipt. 16.00 1, 378.03 • JAMES M. MONTGOMERY • CONSULTING ENGINEER • 595 EAST WALNUT SET • PASADENA. CALIFORNIA City of Newport Beach Statement - 6/24/57 Page 2 Transmission Mains April Salaries $116.20 Payroll taxes - 4.25% 4.94 Compensation ins, .87 $122.01 Plus 50 %n 61.00 $183.01 Mileage 14.75 Rental of survey equipt. 2.00 $ 199.76 May Salaries $ 688.05 Payroll taxes - 4.25% 29.24 Compensation ins. 5.16 $ 722.45 Plus 5010 361.22 $1,083.67 Mileage 82.49 Rental of survey equiptt. 28.00 1,194.16 Total Amount Due . . . . . . . . . $5,137.13 CITY OF NEWPORT BEACH OFFICE OF THE CITY MANAGER June 10, 1557 NO: 56 -57 -33 TO: MAYOR AND CITY COUNCIL '?ROM: Robert Shelton, City Manager SUBJECT.: STATUS REPORT ON WATER SYSTEM IMPROVEMENT PROJECTS A. Reservoir Project. The latest advice from Jams M. Montgomery, Consulting Engineer re- tained to design the reservoir project and connecting pipe lines and fcilities, is that plans and specifications will be ready for construction bids by souse ties in October. Semifinal plans for the reservoir proper are nearing completion u 4 final plans are due to be submitted for State approval by the Safety of Dams Division, State Department of Water Resources, in about 90 days. The design engineers believe that some reduction in the initial estimates of cost can resu'_t by eliminating the by -pass of the MWD line at the site of the new reservoir, saki by substituting pumping equipment for the previously proposed by -pass of the :;:°J 15 acre foot reservoir. These changes will also speed completion of tae reoe": ol_r project. Studies are under way concerning the alignment of the 30" pipe lice connecting the reservoir to the City water system. Present plans indicate tiaz the line will traverse the westerly side of the Irvine Coast Country Club golf course, cross the highway westerly of the first Irvine Terrace developa<en� wad fn*_ersx.:t the City's low level system at Bayside Drive and Harine Avenue. The design engineers state that there is "a good possibility" that Lae reservoir can be completed and ready to receive water by mid - summer of 1958. B. Distribution Sgstem Deficiencies. The ,Director of Public Works has compiled the follce;"ug reco� e:uaxcus :pr correction of deficiencies in the City's distribution 3y8tC<J to ba ac:eora,i.isl�e& before the end of 1958. The projects listed are high on the priority :list of deficiency corrections and it is anticipated that the engineering work cse be performed by the City staff. Other deficiencies of lower priority can be under -, taken cozen the more urgent projects are under way. Some are dependent upon decisions still to be made concerning other public improvements in the areas concerned, (e.g. disposition of Paci fic Electric property) 1. Peninsula Area. 1. Parallel the existing 6" main on Balboa Blvd. betceen "G" and "N" Streets with a 1001 main. This installation FSill connect the Under -Bay crossing now under construction to the 10" transmission line thaat ter- minates at "G" Street. The full value of the Under -Day 1•;.ne will ,of be realized until this installation has been com- pleted. Estimate of Cos; ... $ 2_,, `, 00U Z3 NO: 56 -57 -33 • -2- • 2. Replace the 4" main feeder lines in that area bounded by Dueue vista Blvd.. on t'.e vest, terarado Street on the met, 'Balboa Blvd. an the south, and the Bay on the north, with 6" maims. The existing 4" steel mains that were installed in 1916 are Inadequate in also from a fire flow standpoint. The new feeder lines will make It possible to get the mazias efficienny from Class "A" fire hydrants. Sotiante of Cost ... $ 25,400.00 11. hest Newport Area. 1. Install an s" lima is Balboa Blvd. from 32nd Street to the allay betwan 41st Street and 42nd Street. The installation of this line will provide an Intermediate feed to the 'lines is the alleys. Estimate of Cost ... $ 15,600.00 III. Balboa Island. 1. Replace the existing 8" lima an marine Aveawe ow the Balboa Island Bridge from Sayside Drive to the North Speedway with a 14" lime. 2. Replace the esistiin 49' maia In the North Speedway be- tween Marine Avows and Opal Avenue with an 821 ea 2is. 3. Replace the existing 4" pis to Opel Avows from North Speedway to park Awe=* with an 8" wain. These installations will provide as adtsgasts feeder line which will cooneet the transmission lima on Bsysids Drive to the *slating 121" lima which extends southerly on Opal Avenue end across tithe Bay to the Posiatals.. it to pro- posed to sake repLmmomt of the esaitary sewer lice lying In the North Speedway in conjunction with the installation of these lima. Estimate of Cost ...$ 360800.04 4. Replace the existing 6" steel line oa Park Avenue from the alley west of Marian to Jade Street on Little Island with an 8" main. The etlstiag 6" line, installed is 1924, Is inadequate in size and is poor condition. The installation of the new line will Include either a lime on the bridge &croon the Grand Canal or on piling adjacent to said bridge. Estimate of Cost ... $ 10,000.00 IV. Corona del !War. 1. Replace the existiaig 6" line in 5th Avenue extension from Carnation Avenue to Avocado Avenue with a 10" liege. 2. Install a 10" lime to Avocado Avenue between Coast Highway and 2nd Avenue. 3. Install a LO" line in 2nd Avenue between Avocado Avenue and Carnation Avenna. Tha Installation of these lines will furnish all inter- inediate feed to the long lines in all the alleys between Goldenrod Avenue and Avocado Avenue. Estimate of Coar. - $ 347,700-00 TOTAL...$149,200.00 Y.enenL advice from Stone & Youngberg, the City's Financing Con- C.. E 03 resery it bond issue, is that the bonds authorized by tine tA::c f t3,ic election Me- 21; ct-ould not be cold to -;.--c e the to award co7q1:rucl,,'-1rn cortrac€-s. They point ot.;r tl-t 6;e that conztruccion cc s nt lyza-,a'Itly weak rnd .1--kely to improve; t ah 's 'te flazermlned thc,n tlu-.v czt-% Le zni- present; and that Z" re. -',4 :;C) "t.;ucon 11'c pa-1- e_es, t on bond funds before they are actually required. The Finaoc.ing Consultants propose to visit the City thko montS. to data an the scheduling of projects andt�-,!�t eszim2ted coo'-- to r;-,.-er-are a bond prospectus by the ead of July; to submit recommendations as to enact: terms and conditions ui2de.r which the bonds are to be issued on or about AuS;lst 12. They suggest a resolution issuing the bonds and ordering a noz�.ce of sale published be adopted by the Council about September 10th, a* that if construction bids can be received October I the bonds could be sold the game dey. The amount of funds to be obtained by bond sales twill, of course, . Le , --ore accurately determined men construction estimates are final. It is not T-,.Pcerr&rT far the City to Issue bonds in excess of amounts actually re- Pew :?'titer rates. ':'as 0rdim%uce adopted by the Ccuncli May 27, establishing znvised rates, will be effective July 15. Approximately one-h&U of the City "istcn,.ers -ill see tots. effect of the new rates In water bills rncw.ivpd August 15. qbe two mouth period covered by these billy will ove mouth at present rates and ore ww�th at nei-,- rates. The ether !�e.7 7 )-7 C' -.:--V i.iatex custaae-a will see the effect in bills received on or abort 15, vhich bills will reflect tub months of conEt=ptivu at the new zzte� .pedal notices trill accompany crater bills -Alen uetf MrG f-i7.8,- RORFRT SHEIXON City MAnager 0 CITY OF NEWPORT BEACH OFFICE OF THE CITY MANAGER 0 June 10, 1957 No: 56 -57 -33 T0: MAYOR AND CITY COUNCIL :ROW: Robert Shelton, City Manager SUBJECT: STATUS REPORT ON WATER SYSTEM IMPROVEMENT PROJECTS A. Reservoir Pro ect. The latest advice from Jame 14. Montgomery, Consulting Engineer re- tained to design the reservoir project and connecting pipe lines and `acili.C:ie.?, is that plans and specifications will be ready for construction bids by so::n, tiy::e in Cetober, ftaifinal plans for the veservoir proper aTe neariag ccxaplc.zlou Qr.d final plans are due to be submitted for State approval by the Safety o L4ms ?ivision, State Department of Water Resources, in about 90 days. The dE.s.'•.gn engineers believe that some reduction in the initial estimates of cost c:zi, result by eliminating the by-pass of the MWO.line at the site of the new reservoir, cmd by substituting outoping equipment for the previously proposed bypass of the 'rT,'D 15 acre foot reservoir. These changes will also speed caraplet'iun of VL-.e. reservoir project. Studies are under way concerning the alignment of the 30" pipe. lone connecting the reservoir to the City water system. Present pli%as indicate r,u,,t: the line will traverse the westerly side of the Irvine Coast Country Club gul,4 course, cross the highway westerly of the first Irvine Terrace developr. rxt: Lad intersect the City's low level system at Bayside Drive and Marine Avenue,. The design engineers state that there is "a good possibility" that tl+e reservoir can be completed and ready to receive water by mid - summer of 1958. 9. Distribution System Deficiencies. The Director of Public Works has coupiled the £ollowla rucu ;; r,u 3P: s'.urc or correction of deficiencies in the City's distributipu system to be. before the end of 1958. The projects listed are high on the priority �iss oi deFicieacy corrections and it is anticipated that the englueerIng wor:: oaa bc! per:ormed by the City staff. Other deficiencies of lfnaLr nriWrity cza be,, undel- tcken when than more urgent projects are under- way. Soue ate depeadeat upon: decisions still to be made cooce;:ning other public Lziprovemente in the coucprned, (e.g. disposition of Pacific Electric property) I, Peninsula Area, 1. Parallel the esisting 60, main on Balboa Blvd, betveen "C'� and "N" Streets with a 10" main, this installation will connect the Under -Bay crossing; ucr under construction to tae 10" transmission line that ter• cainates at "G" Street. The full value of the Uuder -Say llae wfll not be realized until this installation has been cma- pleted. Estimate of Cost_" 23,700.00 ym.. 56 -57 -33 • -2w • 2. Replace the 4" main feeder lines in that area bounded by Buena vista Blvd. on the r,-est, Fernando Street on the east, Balboa Blvd. on the south, and the Bay on the nor4a, with 6" mains. The existing 4" steel mains that were installed in 1925 are inadequate in size from a fire flow standpoint. The nee feeder lines will make it possible to get the maximum efficiency from Class "A" fire hydrants. Estimate of Cost.,:$ 25,400.00 11. Best. Newport Area. 1. Tnatall an 811 line Liz Balboa Blvd. from 32nd Street to the alley between 41st street and 42nd Street. The installation of this line will provide as intersmed ate feed to the lines in the alleys. Estimate of Cost...$ 15,600.00 Ill. Balboa Island. 1. Replace the existing 8" line on Marine Avenue and the Balboa island Bridge from Bayside Drive to the North Speedway with a 14" line. 2. Replace the existing 4" main in the North Speedway be- tween Marine Avenue and Opal Avenue with an 8" viin. 3. Replace the existing 4" main in Opal Avenue from North Speedway to Park Avenue with an 801 =sin. These installations will provide an ade.squate feeder line which will connect the transmission line on Bayside Drive to the existing 12" line which extends southerly on Opal Avenue and across the Bay to the Peninsula. It is pro- posed to make replacement of the sanitary sewer line lying in the North Speedway in conjunction with the installation of these lines. Eatimte of Cost ... $ 36,800.00 4. Replace the existing 6" steel line oa Park Avenue from the alley west of Marine to Jade Street on Little Island with an $" main. The existing 6" line, installed in 1924, is inadequate in size and in poor condition. The installation of the new line will include either a line on the bridge across the Grand Canal or on piling adjacent to said bridge. Estimate of Cost...$ 10,000.00 IV. Corona del Mar. 1. Replace the existing 6" line in Sth Avenue extension frbo Carnation Avenue to Avocado Avenue with a 10" line. 2. Install a 10" line in Avocado Avenue between Coast Highway and 2nd Avenue. 3. Install a 10" line in 2nd Avenue between Avocado Avenue and Carnation Avenue. V0. 56-5"-33 • -2- • 2. Replace the 4" main feeder lines in "mat area younded by Buena Vista Blvd. on t:ae test, Fernando Street on the seat, Balboa Blvd. on the south, and the Bay on the nort!2, with 6" mains. The existing 411 steel mains that were installed in 1916 ere 11TU;dequate in size from a fire flocs standpoint. The sea feeder lines will make it possible to get the maxivum efficiency from Class "A" fire hydrants, gatinate of Gost,..$ 25,400.90 11. West. Newport Area. 1. Install an 811 line in Balboa Blvd, from 32nd Street to the alley between 41st Street and t,2nd Street. The installation of this line will provide an inter, di.ate. feed to the lines in the alleys. Estimate of Cost ... $ 15,600.00 { lkilboa island. 7.. Replace the existing 8" line on Marine Avenue and the Balboa Island Bridge from Boyside Drive to the North Speedway with a 14" line. 2. Replace the existing 411 main in the North Speedway be- tween Marine Avenue and Opal. Avenue with an 8" o -in. 3. Replace the existing 411 main in Opal Avenue from North Speedway to Park Avenue with an 8" main. These installations will provide an adiquate feeder line which will connect the transmission line on Boyside Drive to the existing 1211 line which extends southerly on Opal Avenue and across the Bay to tae Peninsula. It in pro- posed to make replacement of the sanitary set>`er line lying in the North Speedway in conjunction with the installation of these lines. Estimte of Cost...$ 35,800.00 4. Replace the existing 611 steel line on Park Avenue from the alley west of ?urine to Jade Street an Little Island with an 811 main. The existing 6" line, installed in 1924, is inadequate in size and in poor condition. The installation of the new line will include either a line on the bridge across the Grand Canal or on piling adjacent to said bridge. Estimate of Coat...$ '10,000.00 IV. Corona del Mar. 1. Replace the existing 6" line in Sth Avenue extension frtm Carnation Avenue to Avocado Avenue with a 10" line. 2. Install a 1011 line in Avocado Avenue between Coast Highway and 2nd Avenue. 3. Install a 10" line in 2nd Avenue between Avocado Avenue and Carnation Avenue. The lastallatioa of these lines will furnish an inter- mediate feed to the long lines In all the alleys hetvzen Goldenrod Avenue and Avocado Avenue. Estimate of Cost, , ,$ TOT&L. . . .614S, 2W, Ge ?eacaz advice from Stone & vZoungberg, the City's Financing Con— ,%a Vas., rerevicAr bond issue, in that the bonds atithorited by tl-e the ejeCtjo- I May 28 s!'wotsld not be sold t:iw x P'Ieuaree to zward construcLioAa contrac.'.S. They pniut niut 3 C_ -,t Co tUl -OV, weak and likely ro f_�L.,r C; s:h, RMtri;cVA.,7n accly -c'etermined t1win they cen be Ai. and that zktcro Ir. ro. pay into-ze3t on bony' fundo befo-,,e tLey al:e actually requirfzd., The Y:�nmncisks ccnSultants propo.';e to visit the City tll:'s %Out% to aeLlit ional. data on the scheduling ul. �)rojecta andt-PoIr es'l-tum.te-1 cast.� ,0 l'--epare a bond pre_Pectus by the, end of Jul,; to submx!t as tz! e:ract te,n4 chid canditions under which the bozida are to be Issued on or lboti,! ordering nt -. AuZlirt 12. They suggest a resolution lsc%%ing the bonds and do ng a notl.ca o.,' vale published be adopted by the Council about September 10th, so if construction bids can be received October I the bonds could be sold the same &Y, The &no-jnt of funds to Le obtaiaed by bond sales uvi'U, of cz*,urse. -as &.*e final. is �Nar & - -, accurately determined when construction estimates r.ace-s-sarw- for tba City to Issue bonds in excess of amounts actually re- qui:7ad. 1. j) Nw Feat ar Rates, she Ordinance adopted by the Count: V,;.;y 27, esta7ollsbivg revispd retes, will be effective July 15. one-half of the City i:er cu_utoz,ers mild as* the effect of the nett* rates in water bits r i eived �zl sr t -Mt August 15. The two -loath perl d covered by tLeee bills will c-�* month at pvcseut rates mad one ;izonth at new rates. the other of CIty 1�mter customers will see the effect In bills recteived ov?. or 15, r7lich bills will reflect two months of consuaption at the neu ratos, :'psclal notices T,4111 accompany water bills when nev mites arc- f-irst ze f I G f:. I- RODERT 39ELTDA City m5snsSer A RESOLUTION ENDORSING THE PLAN FOR CONSTRUCTION OF A WATER RESERVOIR AND FOR CORRECTION OF DEFICIENCIES IN THE CITY WATER SYSTEM, AND URGING A "YES" VOTE ON THE MEASURES TO BE VOTED UPON AT THE SPECIAL CITY ELECTION MAY 28. WHEREAS, the City of Newport Beach is in serious need of adequate water storage facilities to meet both present and future demands for domestic and fire fighting purposes; and WHEREAS, present water distribution system deficiencies must be corrected to provide proper circulation and adequate flow for fire fighting; and WHEREAS, plans for the construction of a 600 acre -foot reservoir and for correction of deficiencies have been developed from studies by consulting engineers; and WHEREAS, the City Council has scheduled an election for May 28, on the question of a $1,780,000 bond issue to provide funds for construction of the reservoir and correction of deficiencies; and WHEREAS, the City Council and financial advisors have de- termined that the indebtedness created by the proposed bond issue can be paid entirely from Water Department income, without any increase in property taxes; and that, in fact, water rates for small consumers will be reduced. NOW, THEREFORE, BE IT RESOLVED, that Membership & Board of Directors (Board of Directors or Rembero of the Nevoort Balboa Rotary Club dcMX hereby endorse (name of Organization) the plan for construction of a water reservoir and correction of de- ficiencies in the City water system and urges a "Yes" vote on the measures to be voted upon at the special election May 28. By H, Mor& Noble Name 1?,Cee4apat Title Mey 149 1957 Date Distribution: Original for Organization files Duplicate to Chairman, Citizens' Committee for Water Reservoir 3300Newprt Blvd„ Newport Beach -z p . JAMES M. MONTGOMERY RUSSELL O MENMIR WILLIAM W.AULTMAN JACK. E. AG KEE WILLIAM J, CARROLL JR, JOHN R FEE EARL A_ WpGNER WILLIAM O. MATHIS PHILIP ABRAMS FRANK 0. MYERS KENNETH I, MULLEN GEORGE 5, LEOPOLD A.GENE RMEAULT JAMES M. MONTGOMERY CONSULTING ENGINEER. 535 EAST WALNUT STREET PASADENA • CALIFORNIA RYAN 1-5619 • SYCAMORE 7128 April Z9, 1957 Margery Schrouder City Clerk City of Newport Beach Newport Beach, California STATEMENT: INVESTIGATIONS AND REPORTS PLANS A N 0 SPECIFICATIONS SUPERVISION. OF CONSTRUCTION SUPERVISION OF OPERATION MANAGEMENT VALUATIONS ,�,1{;..n 8�pl,tt C' �pF rG�J�U QTY Engineering services rendered in connection with a supple- mental study and report for an alternate piping arrange- ment enabling the City of Newport Beach to operate a proposed 1Z00 acre -foot reservoir, in accordance with the contract executed November 13, 1956, and authorized in your Resolution No. 4566 . . . . . . . . . . . . . . $450.00 I� • ity of Xewport Bead California T[L6PNON[ HARBOR 3/31 April 26, 1957 Members of the Citizens' Committee for the Water Reservoir: On behalf of the Newport Beach City Council, may I take this opportunity to express our sincere appreciation for your interest in the much - needed water reservoir. Your willingness to serve on this Committee is another example of the positive action that the residents of our community will take when confronted with a problem that concerns all of us. As you know, a municipal bond election for the 600 acre -foot reservoir project will be held on May 28. It is our firm be- lief that a substantial "YES" vote can be achieved if the citizens realize the importance of the project and if they can be encouraged to go to the polls and vote. To accomplish this, the Citizens' Committee for the Water Reservoir has been re- quested to do the following: 1. INFORM the voters of the nature of the water- storage problem and to explain how it can be solved by the reservoir project. 2. PUBLICIZE the bond election. 3. ENCOURAGE a "get- out - the - vote" campaign. The Committee's assignment is challenging. Its efforts must be successful if the present character and development of Newport Beach are to be preserved and if we are to be adequately prepared for our inevitable growth. DOH:MM Sincerely, Dora 0. Hill Mayor • • CITIZENS' CU-'�,!ITTEE FOR THE JATER RESERVOIR • April 26, 1957 Preliminary Summary of Reservoir Project Facts A. What is the problem? Newport Beach does not have adequate facilities for storing water, either for its present or its future population. In addition, there are serious deficiencies in the City's existing water distribution system. 1. The average daily consumption of water in Newport Beach during the summer months is 5 million gallons. Only 4z million gallons can be stored in the City's present reservoirs. 2. Half the City's water is supplied from local wells, all of which are subject to sea water intrusion at any time without warning. The other half is purchased from the Metropolitan Water District and delivered through MWD lines.. 3. Newport Beach is at the end of the MWD supply line. The steadily • increasing requirements of "upstream" users is affecting the amourt of water that can be delivered to us by the IAWD. 4. In the summer of 1956, water was used during day- light hours--at a faster rate than it could be supplied from storage and reduced' MVJD flow. The MWD supply during the night -time hours did not always increase, and when it did the City's reservoirs were not large enough to hold all the water that could be received. Supply and demand were out of balance at various times over several 24 -hour periods. This is why water rationing was necessary. 5.. The MWD is constructing a pipeline that will double the thet- retical water - carrying capacity of its present line, but this alore will not solve our water problem. It means only that larger quantities of water may be delivered in shorter periods of time. without capacity to store water when delivered, Newport Beach's supply and demand will continue to be out of balance. 6. A recent report by the City's Consultant Engineer shows that serious deficiencies exist in our present water distribution system. Dead -end water lines contribute to the poor quality of water at many locations and account for an inadequate flow of water for fire- fighting purposes. B. 'What is the solution? Newport Beach must build a water reservoir of sufficient storage capacity to satisfy the requirements of our present and predicted population. It must correct present system deficiencies to keep water -1- • quality and flow adequate for all purposes. City officials, acting on the advice of consulting engineers, have concluded that a 600 acre -foot (2000,000,000 gallon) reservoir will provide safe and adequate water storage capacity for the projected future needs of Newport Beach. 1_ The Project: The sketch map attached shows the location of the reservoir and connecting lines, the present City boundaries, and the probable future boundaries of the City when its population approximates 75,000 people. This is the area described in the Newport Beach-Irvine Company agreement which conveys the land for the reservoir. The $1,780,000 bond issue is made up of the following items: A. 600 acre -foot reservoir (including in and out structures) ..... ..............................$ 946,000 B. Relocation of by -pass around M14D reservoir...... 62,330 C. Relocation of feMD around new reservoir.......... 68,250 D. 30" transmission main (11,000 lineal feet) ...... 207,200 E. Chlorination and metering facilities............ 84,420 F. 18" transmission main (800 lineal feet).......... 27,000 G. 18" transmission main (1,000 lineal feet) ....... 29.0000 1,442,200 H. Engineering and inspection ...................... 68,800 1,511,000 I. Correction of deficiencies ...................... 250,000 J. Legal fees and Bond sales ...................... 19,000 Total. ...........$ 1,780,000 2. Land Required: Approximately 40 acres of Irvine Company land, plus pipe line and road easements, are required for the reservoir. The City of Newport Beach has entered into an agreement with the Irvine Company to acquire the land. A. summary of this agreement is as follows: Irvine Company agrees to: a. Furnish reservoir site of 40 acres "without monetary consideration." b. Furnish all pipe lines and road easements "without monetary consideration." c. Lin?it the water bought to certain Irvine Company lands, now Mideveloped, lying within the Coastal Municipal Water District, but not within any city or water district, and planned for future annexation to Newport Beach. (SE <e D:iap) d. Surrender rights t0 take water as such lands are annexed. -2- iVewpert Beach to: 0 a. Sub�ii•t- zo voters of Newport Beach a reservoir project • and the Irvine Company- Newport Beach agreement. b. Build a reservoir of not less than 600 acre -feet. c. Sell water to the Irvine Company as needed for certain lands now undeveloped "at the same rate and subject to the same rules as may be established" for domestic users within the City. The agreement ends when all Irvine Company lands within Coastal Municipal Water District and not now lying within any city or water district are annexed. :INCE THE CHARTER OF THE CITY OF NEWPORT BEACH PROHIBITS A CONTRACT FOR A PERIOD OF MORE THAN 25 YEARS WITHOUT VOTER APPROVAL, AND SINCE THIS AGREEMENT COULD EXTEND BEYOND THIS TERM, THE AGREEMENT REQUIRES VOTER APPROVAL. 3. Financinq: The bond issue of $1,780,000 will be financed entirely from water revenue in approximately equal yearly installments of $114,000 for 25 years. The new water rates will mean a reduction for users of 600 cubic feet or less per month and a small increase for users of 700 cubic feet per month or over: COMPARISON OF COSTS TO TYPICAL WATER USERS EXISTING RATES AND PROPOSED NEW RATES Costs are shown on a monthly basis although billing will be bi- monthly. Monthly Charge Existing Proposed Rate New Rate Minimum charge (3/4 -inch meter) $ 2.55 $ 1.75 Minimum allowance 700 cu. ft. None Quantity rate per 100 cu. ft. $ 0.12 $ 0.14 MONTHLY CHARGE FOR QUANTITY USED (cubic feet) None $ 2.55 $ 1.75 100 2.55 1.89 200 2.55 2.03 300 2.55 2.17 400 2.55 2.31 • 500 2.55 2.45 600 2.55 2.59 700 2.55 2.73 850 2.73 2.94 1000 2.91 3.15 etc. -3- 0 11ktizens Committee for Water Reservoir PERSON TO PERSON CONTACTS (Block by Block bommittee) lit) T Chairman Pro Tem Permanent Chairman 1) To organize a door to door visit, by block workers. A large membership on this important committee is required and it is suggested that sub committees be appointed, each representing a different geographical area of the city; a district head can be assigned to each area and he then select precinct captains who in turn select block workers, 2) No question about this being a big effort to obtain the goal to personally visit every voting residence and hand the resident a printed digest fact sheet and to give a summary of the highlights of the bond issue, but it can MIN THE BOND ELECTION! 3) AND, OF COURSE, TO REC0141END A "YES" VOTE TO THE ELECTORATE MAY 28! Suggestion: Other organizations, groups, and persons, will desire to assist in the Block to Block effort, and to have charge of certain areas, and contact should be made and cooperation given to them, • The temporary chairman should call the first meeting as soon as possible in order that a permanant chairman can be elected and the groups activities be underway. NAla • IT TAKES A 2 TO 1 MJORITY TO WIN! PHONE 0 0 Citizens Committee for Water Reservoir GET OUT THE VOTE CON94ITTEE Chairman Pro Tem. Permanent Chairman PURPOSE: 1) To get the voters to the polls on election day. 2) As there is nothing very romantic, stimulating or hi &ly controversial about a bond election and as there will be no "name calling", "charges made ", nor personalities involved in this campaign, it might follow that many voters will stay at home; hence as per the Block by Block comm— ittee, sub areas with workers in charge could be organized. NAI4E U It is suggested that other organizations and groups may also wish to cooperate in "getting out the vote" The temporary chairman should call the first meeting as soon as possible and this group then elect a permanent chairman and commence its planning and activities. IT TAKES A 2 TO 1 MkJORITY TO `AIN! PHONE 0 CITY OF NEWPORT BEACH • WATER RESERVOIR PROJECT ESTIMATE OF COST OF CONSTRUCTION AS SHOWN IN MONTGOMERY REPORT Item A 600 Acre Feet Reservoir (including in and out structures) B C D E F G Relocation of by —pass around M.W.D. Reservoir Relocation of M.W.D. around new reservoir 3011 Transmission main (11,000 lineal feet) Chlorination and metering facilities 18" Transmission main (800 lineal feet) it 946,000 62,330 68,250 207,200 84,[,20 27,000 18 Transmission main (1,000 lineal feet) 29,000 $1,442,200 Engineering & Inspection .............................. 68,800 $1,511,000 Bond Sale & Legal Fees . ............................... 19,000 TOTAL ................ j1,5303000 i JA 1 MES M. MONTGOMERY JAMES M. MONTGOMERY RUSSELL C NENMIR WILLIAM W.AUITMAN CONSULTING ENGINEER JACK E. MC KEE RROLI JR. 535 EAST WALNUT STREET PASADENA • CALIFORNIA INVESTIGATIONS AND REPORTS PLANS AND SPECIFICATI.ONS J OHHN N R R IZE EE EARL B, WAGNER RYAN I- 5619' $YUMORE 3-7I2d 3VPERVISION OF CONSTRUCTION WILLIAM D, MATHIS. PHILIP A6RAM5 SUPERVISION OF OPERATION MANAGEMENT VALUATIONS FRANK O. MYERS April 23, 1957 KENNETH I. MULLEN GEORGE S. LEOPOLD A. GENE RHEAULT V. ° Iv Margery Schrouder, City Clerk Cj'ry OF ..ovpu City of Newport Beach City Hall Newport Beach, California STATEMENT: Actual cost of preparing 25 additional copies of report of water system, as follows: Salaries $33.36 Payroll taxes - 4.25% 1.42 Compensation ins. .25 $35.03 Covers 15.34 Binding 8.35 blueprinting 27.30 Amount Due . . . . . . . . . . . . . . $86.02 1 • `1 E w f.� V 1;' 1 t�A 0 Margery Schrouder, City Clerk City of Newport Beach C111Y goy City Hall 011 Newport Beach, California STATEMENT: Engineering services rendered in the preparation of a study map for the Citizens Advisory Committee: Salaries - 15 days @ $25 $ 64.54 Payroll taxes - 4.2b% 2.74 Compensation ins. .48 $ 67.76 Plus 50% 33.88 $101.64 Maps 4.16 reduction of maps 33.49 mileage 10.71 Amount Due . . . . . . . . . . . $150.00 I. Y JAMES M_ MONTGOMERY JAMES M.MONTGOMERY RUSSELL C KENMIR CONSULTING ENGINEER WILLIAM W. AULT MAN JACK E. me KEE 535 EAST WALNUT STREET INVESTIGATIONS AND WILLIAM J. CARROLL JR. PASADENA CALIFORNIA SPECIFICATIONS PLANS. AND. SPECI FICATIpNS JOHN R FEE EARL H. WAGNER RYAN 15619 • SYCAMORE 3']128 SUPERVISION OF CONSTRUCTION SUPERVISION OF OPERATION WILLIAM D. MATHIS MANAGEMENT VALUATIONS PHILIP ABRAMS April 23, 1957 FRANK O. MYERS KENNETH [.MULLEN GEORGE S. LEOPOLD A.GENE RHEAULT `1 E w f.� V 1;' 1 t�A 0 Margery Schrouder, City Clerk City of Newport Beach C111Y goy City Hall 011 Newport Beach, California STATEMENT: Engineering services rendered in the preparation of a study map for the Citizens Advisory Committee: Salaries - 15 days @ $25 $ 64.54 Payroll taxes - 4.2b% 2.74 Compensation ins. .48 $ 67.76 Plus 50% 33.88 $101.64 Maps 4.16 reduction of maps 33.49 mileage 10.71 Amount Due . . . . . . . . . . . $150.00 I. Y 0 CITY OF NEWPORT BEACH FINANCING ANALYSIS CITY COUNCIL Dora 0. Hill, Mayor Charles E. Hart C. A. Higbie Sandy F. MacKay Gen. S. E. Ridderhof James B. Stoddard Leland L. Wilder Robert Shelton, City Manager J. B. Webb, Director of Public Works Karl Lynn Davis, City Attorney A. V.Broassard, Director of Finance Margery Schrouder, City Clerk April 22, 1957 STONE & YOUNGBERG Municipal Financing Consultants San Francisco - Los Angeles CITY OF NEWPORT BEACH PROPOSED RESERVOIR PROJECT FINANCING ANALYSIS INTRODUCTION The City of Newport Beach proposes to construct a 600 -acre- foot storage reservoir north of Corona del Mar, to construct trans- mission mains from the reservoir to the existing distribution system, and to eliminate existing deficiencies in the distributing system. The city has called an election for May 28,1957, at which time a pro- posal to authorize issuance and sale of x1,780,000 of city general obligation bonds will be submitted to the voters. The project was designed by James M. Montgomery, consulting engineer of Pasadena. Cost estimates for the reservoir and transmission lines are based on reports by Mr. Montgomery, and costs of local faci- lities have been estimated by J. B. Webb, Public Works Director of Newport Beach. Stone & Youngberg, 'Municipal Financing Consultants, have been employed by the City of Newport Beach to analyze the financial feasi- bility of this project, to estimate its costs to taxpayers and users, and to analyze various methods of paying these costs. Various proposals have been made for construction of a reser- voir large enough to serve areas in addition to the City of Newport Beach. The original study made by Mr. Montgomery for The Irvine Com- pany in August 1956 suggested the possibility that the reservoir be built to serve all areas in the Coastal Municipal Water District. After extensive discussion, a proposal.to finance a 1,200- acre -foot reservoir jointly by the cities of Newport Beach and Costa Mesa was made, and a joint powers agreement between the two cities was drafted. The proposed joint powers agreement would have given Newport Beach rights to 51 per cent of the storage capacity of the reservoir and would have charged Newport Beach with the responsibility for operating the reservoir. Because of the difficulty in getting complete agreement between the two cities, primarily with respect to the status of a dis- puted annexation, the Newport Beach City Council decided on March 29, 1957 to proceed with the develcpment of a 600 -acre -foot storage project - 1 - 0 • without financial participation of any other water agency. This 600 - acre -foot project is the one under consideration in this report and which will be voted on at the election of May 28. DESCRIPTION OF THE PROJECT The proposed storage project is to consist of a 600- acre -foot reservoir to be located on lands of The Irvine Company in the San Joaquin Hills north of Corona del Mar, occupying a portion of Blocks Nos. 92, 93, 96 and 97. The Irvine Company has agreed to contribute the land required for the reservoir in exchange for the right to use water from the reser- voir under certain limited conditions. In connection with the reservoir construction, an existing 36 -inch pipeline of the Metropolitan Water District will have to be relocated at the reservoir site and a 36 -inch bypass will be constructed at the existing terminal reservoir of the Metropolitan Water District. A 600 -acre -foot reservoir would require approximately 40 acres of land and would be designed with a maximum water surface eleva- tion of 302.5 feet. The reservoir storage is expected to provide a maximum of five daysa water supply with ultimate development of the city; this would provide water for the city in the event of an inter- ruption in service from IUD. The reservoir is also designed to permit deliveries to the city from 90 during off -peak times, thus effectively increasing the ability of the city to utilize the MG supply. The construction of transmission mains from the reservoir in- cludes 11,000 feet of 30 -inch pipeline from the proposed reservoir to Coast Highway and 1,800 feet of 18 -inch pipe. Existing deficiencies of the cityfs water system were studied by the City Engineer, and he estimated that the cost of eliminating these deficiencies would be $250,000. The deficiencies are to be cor- rected primarily by construction of new 8 to 18 -inch mains in various parts of the city. The new lines are not replacements but are to be built primarily to complete loops within system and thus to improve pressures and service. The following is a summary of the estimated project costs: Reservoir $10221,500 Transmission mains 289,500 Elimination of existing deficiencies 250,000 Allowance for incidental expenses 19,000 Total: $1,780,000 - 2 - • • The costs above include allowances for engineering costs and for contingencies. The allowance for correction of local system defi- ciencies can, in addition, be adjusted if more funds are required for the reservoir and transmission mains. EXISTING WATER SUPPLY The City of Newport.Beach obtains its water from two sources: wells and the Metropolitan Water District. MG supply is delivered at the Corona del Mar reservoir and the so- called Fernleaf meter. Some water received at the Fernleaf meter is sold at wholesale to The Irvine Company and Newport Heights Irrigation District. Table l shows the annual production of water from city wells and purchases from WD from 1944 to the present. As shown in the table, all water was produced from wells prior to 1949, deliveries at Corona del Mar reservoir began in 1949, and deliveries at the Fernleaf meter began in 1953. The city now receives more than one -half its requirements from 114D. Table 2 presents detailed data on production and purchases in 1955, 1956 and 1957. Water from WD is purchased through the Coastal Municipal Water District at a price of $20 per acre -foot, and the price will be increased to $22 on July 1, 1957. Newport Beach is at the end of the Orange County feeder of MWD and has very limited local storage facilities. The com- bined storage of the three reservoirs is 4,525,000 gallons or approximately 13.9 acre -feet. The capacity of the Corona del Mar reservoir is 1,660,000 gallons (slightly over 5 acre -feet) with the remaining storage capacity of 8.9 acre -feet at Reservoir No. 2 northwest of Newport. The 600 -acre- foot reservoir project is being undertaken to augment this limited present storage capacity. The Metropolitan Water District is constructing facilities to provide additional water for the Orange County feeder line. The present line can deliver about 40,000 acre -feet per year to Orange County if operated continuously at full capacity, and the new facilities will nearly double the amount of softened water that can be delivered. Certain sections of a second Orange County feeder line are under construction, and plans are now being made for constructing remaining portions of the lower feeder within the next two years. Upon completion of these new'MWD facilities, a very flexible system will be available to supply water needs in Newport Beach and surrounding areas. These new facilities will not lessen the need for local storage for regulating peak demands and for emergencies in case rTJD service is interrupted. - 3 - • • Table 1 CITY OF NEWPORT BEACH WATER PRODUCTION AND PURCHASES BY YEARS 1944 - 1956 ACRE - FEET (a) 20.29 MWD delivered for Scout Jamboree (b) July - Dec. only (c) June - Dec. only (d) NWD official Nov. 29, 1948; Irvine Nov. 26, 1948 Sold to Irvine Company and ;Newport ;Heights Irrigation District. Not included in totals. Metropolitan Water District Corona Fernleaf Meter Total City Year City Wells Del liar Non -Cityx City_ Productions 1956 1979.66 1322.70 313.30 810.25 4112.59 1955 1857.76 929.70 371.16 969.09 3756.55 1954 1670.43 840.82 354.04 1034.88 3546.13 1953 1838.19 1140.18 (a) 221.47(b) 531.06(b) 3509.43 1952 1926.65 1041.19 2967.84 1951 2038.96 886.61 2931.99 1950 2109.33 505.95 2615.28 1949 2326.04 295.07(c) 2621.11 1948 2502.28 (d) 2502.28 1947 2568.99 2568.99 1946 2239.06 2239.06 1945 1894.97 1894.97 1944 184.?.01 1842.01 (a) 20.29 MWD delivered for Scout Jamboree (b) July - Dec. only (c) June - Dec. only (d) NWD official Nov. 29, 1948; Irvine Nov. 26, 1948 Sold to Irvine Company and ;Newport ;Heights Irrigation District. Not included in totals. E Table 2 CITY OF NEWPORT BEACH WATER PRODUCTION AND PURCHASES BY MONTHS 1955 - 1957 ACRE - FEET Jan. 149.51 Metropolitan Water District Total 30.71 241.82 Corona Fernleaf Meter City 1955 City Wells Del Mar Non -City C,it *r Production Jan. 122.89 44.30 2.38 31.25 198.44 Feb. 124.28 37.80 7.45 37.13 199.21 Mar. 134.77 76.20 17.24 62.15 273.12 Apr. 142.65 82.50 30.94 87.03 312.18 May 138.06 75.70 28.11 66.78 280.63 June 153.58 92.30 43.33 99.10 344.98 July 191.72 105.60 78.04 138.12 437.04 Aug. 212.32 113.20 76.41 161.25 486.77 Sept. 200.36 99.20 50.54 108.15 407.71 Oct. 162.31 79.80 23.87 81.29 323.40 Nov. 143.42 64.50 7.61 61.99 269.91 Dec. 131.40 57.60 5.24 34.16 223.16 33.20 1857.76 929.70 371.16 969.09 3756.55 Jan. 149.51 61.60 7.03 30.71 241.82 Feb. 126.40 66.60 7.40 28.96 221.96 Mar. 130.70 105.60 25.31 75.04 311.34 Apr. 126.42 92.40 18.36 44.90 263.72 May 167.42 113.40 36.30 69.54 350.35 June 186.29 123.50 48.70 105.23 415.02 July 226.42 125.70 40.83 127.38 479.50 Aug. 232.80 100.60 29.97 103.95 437.35 Sept. 212.09 145.20 32.47 55.50 412 -79 Oct. 150.27 130.30 26.35 58.41 338.97 Nov. 146.72 131.00 24.85 61.17 338.89 Dec. 124.62 126.80 15.73 40.46 300.88 1979.66 1322.70 313.30 810.25 4112.59 1957 Jan. 91.63 103.70 2.36 33.20 228.53 Feb. 79.71 104.70 3.74 37.46 221.87 at Sold to Irvine Company and Newport Heights Irrigation District. Not included in totals. - 5 - 0 0 PROPOSED METHOD OF FINANCING The proposal to be submitted to the voters of Newport Beach on May 28, 1957 will provide for the authorization of $1,780,000 of general obligation bonds. Financing the project by general obligation bonds appears to be the most feasible and the most economical of the possible methods available. With general obligation bonds the full faith and credit of the city are pledged to payment of interest and principal, and the city is obligated to levy taxes if necessary to meet these payments. Under general obligation bond financing, other sources of revenue - such as from the sale of water - can be used to pay these costs. This offers the maximum flexibility in the payment of the bonds. General obligation bonds require approval of two- thirds of those voting in an election called for the purpose of authorizing the bonds. At the time of issuance the total amount of bonds, together with other general obligation bonds then outstanding, cannot exceed 15 per cent of the city's assessed valuation. General obligation bonds offer the best security to the ulti- mate purchaser and can usually be sold at lower interest rates than other types of bonds, with resultant savings to the issuer. The bonds may be scheduled to.mature serially in fixed annual amounts over a period not to exceed 40 years. Annual principal payments may be deferred for not more than ten years in the case of revenue - producing projects. Bonds may be made callable prior to maturity at the option of the issuer. The City of Newport Beach has relatively a very small amount of general obligation bond indebtedness. As summarized in the table below, total bonded indebtedness of the city is $121,000. This repre- sents about two- tenths of one per cent of the city's valuation. The City of Newport Beach has nearly $9,000,000 of general obli- gation bonding capacity based on the 1956/57 assessment roll of the city. With so few bonds outstanding the city can readily sell $1,780,000 Principal Original Outstanding Issue Date Maturing Principal 4 -15 -57 $350,000 Water 10 -1 -25 010,000 1957 -60 $ 40,000 500,000 Jetty 3 -1 -27 15,000 1958 -61 60,000 130,000 Pier 1 -1 -40 7,000 1958 -60 21.000 $121,000 The City of Newport Beach has nearly $9,000,000 of general obli- gation bonding capacity based on the 1956/57 assessment roll of the city. With so few bonds outstanding the city can readily sell $1,780,000 • • of bonds for the reservoir project without restricting the city?s ability to finance other municipal improvements through the sale of additional bonds. We believe that a reasonable amortization schedule for the reservoir project bonds would provide for their retirement over 25 years. While this is considerably less than the useful economic life of the reservoir, we believe a longer term could possibly result in higher interest rate and certainly would require the city to pay interest on the bonds for a longer period of time. If the bonds were retired over 25 years with equal annual total payments of interest plus principal, the estimated total cost for bond service would be approximately $114,000 per year if an interest rate of 4 per cent is assumed. The actual interest rates to be paid will be determined by competitive bidding at the time of sale. The interest rate of 4 per cent represents a reasonable estimate based on conditions now existing in the municipal bond market. A retirement schedule based on approximately equal annual pay- ments over 25 years is presented in Table 3. Annual principal payments increase from $40,000 to `110,000 as interest requirements decline. Lengthening the term of the bonds to 30 years would reduce the required annual payments (interest plus principal) to about $104,000, assuming the same 4 per cent interest rate. Whether or not this longer term should be used will be a policy decision of the city to be made at the time the bonds are sold. We believe that the 25 -year schedule is preferable and have used it in our analysis. - 7 - 0 0 Table 3 CITY OF NEWPORT BEACH AMORTIZATION SCHEDULE '1,780,000 RESERVOIR PROJECT BONDS Years from Principal Interest Principal Issue Outstanding @ 4% Maturing 1 2 4 6 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 $1,780,000 1,740,000 1,695,000 1,650,000 1,600,000 1,550,000 1,500,000 1,445,000 1,390,000 1,330,000 1,270,000 1,205,000 1,140,000 1,070,000 1,000,000 925,000 850,000 770,000 685,000 600,000 510,000 415,000 315,000 215,000 110,000 5 71,200 69,600 67,800 66,000 64,000 62,000 6o,000 57,800 55,600 53,200 50,800 48,200 45,600 42,800 40,000 37,000 34,000 30,800 27,400 24,000 20,400 16,600 12,600 8,600 4,400 $1,070,400 _= a 40,000 46,000 45,000 50,000 50,000 50,000 55,000 55,000 60,000 60,000 65,000 65,E 70,000 70,000 75,000 75,000 80,000 85,000 85,000 90,000 95,000 100,000 100,000 105,000 110,000 $1,780,000 Total Bond Service $ 111,200 114,boo 112,800 116,000 114,000 112,000 115,000 112,800 115,600 113,200 115,800 113,200 115,600 112,800 115,000 112,000 114,000 115,800 112,400 114,000 115,400 116,600 112,650 113,600 114,400 $2,850,400 0 WATER DEPARTMENT OPERATIONS The municipal water department of the City of Newport Beach supplies water to almost all water users within the city. All services are metered and bills are rendered bi- monthly. The following rate sche- dule applies to all water deliveries: Meter Min. Quantity Monthly Size (cu. ft.) Charge 3/411 700 $2.55 In 1,000 2.91 1-1/2" 1,300 3.27 211 1,600 3.63 311 1,800 3.87 Additional water at 12¢/100 cu. ft. Billing is on a bi- monthly basis although the rates and quantities shown are monthly. As can be noted in the schedule above, the rate structure is very simple. The basic minimum charge is $2.55 per service per month with a charge of 12 cents per 100 cu. ft. for all water used in excess of 700 cu. ft. per month (1,400 cu. ft. in a two -month period). The minimum charge for meters larger than the 3/4 -inch size is higher, but the quantity of water allowed for payment of the minimum charge is like- wise increased. The minimum charge is 12 cents higher for each 100 cu.ft. per month allowed over the 700 cu. ft. minimum quantity. Meter rates were increased by Ordinance 793 adopted August 13, 1956. This ordinance increased all rates by $1.25 per month. The pre- vious rate for 3/4 -inch meters was $1.30 per month. The new rates made no change in the 12 cents per 100 cu, ft, charge for water in excess of the minimum. The city reported a total of 8,758 active service connections during the billing period of January /February 1957. An estimated 250 additional services were connected but shut off during this period and were not charged. Table 4 presents a summary of water services, con- sumption, and charges billed by the city water department from 1952 to the present. It will be noted that consumption is highest during the late summer months, represented by the September /October billing period, when it is approximately twice that of comparable mid- winter periods. • • Based on the first eight months of the current 1956/57 fiscal Year, the number of services and water consumption have both increased by about 3 -1/2 per cent over the 1955/56 fiscal year. More than 137,000,000 cu. ft. will be delivered to customers in 1956/57. Table 5 presents an analysis of water use by customers for the 1955/56 year. The table classifies bi- monthly use for all users during the year. As can be noted from the table, 42 per cent of the individual bills rendered during the year did not exceed the minimum charge, and the 42 per cent of the bills in this category accounted for only about 11 per cent of total water consumption. On the other hand, the largest 10 per cent of the water -use blocks accounted for 41 -1/2 per cent of the water consumption and the largest one per cent used almost 20 per cent of the water. The assumption can be made that the pattern of water use in 1956/57 and the years immediately following will not differ substantially from that presented in Table 5. Table 6 presents a summary of receipts and disbursements of the municipal water department for 1953/54 to 1955/56. Table 7 presents estimated budgeted expenditures for the current 1956/57 fiscal year com- pared with comparable data for the previous year. Actual income for 1955/56 is shown and the 1956/57 income figure has been adjusted to assume that existing water rates were in effect for the entire year. The 1955/56 expenditures in the two tabulations differ slightly because of different methods of presenting certain items. Prior to the rate increase of 1956, water department receipts exceeded disbursements by about $20,000 per year, exclusive of transfers. When inter -fund transfers were considered, the water fund operated at a deficit for two of the past three years. Increased income derived from the new rates is being used to finance major capital outlays during the current fiscal year, and the surplus available in the water fund at the end of the year will be small. FUTURE REQUIREMENTS FOR FUNDS After bonds for the reservoir project have been sold, estimated annual requirements for water purposes will be as follows: Budgeted operation and maintenance u256,000 Bond interest and redemption 114,000 Capital outlay allowance 25,000 Allowance for contingencies 10.000 $405,000 - 10 - 0 Table 4 CITY OF NEWPORT BEACH SUKARY OF WATER SERVICES, CONSU•iPTION, AND CHARGES Billing Total Consumption Period Active Services (ClIhin Faet.) Charges 1957 Jan -Feb 8758 19,296,700 56,907 1956 Nov -Dec 8767 23,706,400 62,041 Sept -Oct 8710 31,9719400 47,593 July -Aug 8648 26,340,500 35,382 May -June 8575 20,138,500 35,495 Mar -Apr. 8460 16,451,600 31,945 Jan -Feb. 8458 17,206,200 32,357 1955 Nov -Dec. 8488 23,571,700 38,778 Sept -Oct. 8473 32,646,600 47,601* Jul -Aug. 8360 24,503,500 42,371# 1955 -56 8469 134,518,100 238,613 1954 -55 8338 129,748,900 223,426 1953 -54 7956 122,267,600 214,223 1952 -53 7601 109,687,600 205,012 Sewer charges were billed on water bills but are not included in this tabulation. - 11 - • • Table 5 CITY OF NEWPORT BEACH CONSUMER USE TABULATION (For the Fiscal Year 1955 -1956) Consumption -- Customer Bi -Mont s I Cons um tion Block Number of Per Cent 100 j Per Cent 100 cu. ft. Customer of Accumulate Cu. Ft. I+ of ccumulate Units Bi- 11onths Total Per Cent Units Total Per Cent 0 2694 5.27 5.27 I 0 i 0 0 1 -2 234/{ 5.57 10.84 1 4201 1 32 .32 3 -4 2439 4.77 15.61 8518 I i .64 .96 5-6 2271 4.50 20.11 12492 .95 1.91 7 -8 ! 2454 I 4.86 24.97 18409 i 1.39 3.30 9 -10 j 2938 5.76 I 30.73 27917 2.10 5.40 11 -12 i 29C5 i 5.69 36.42 33400 2.52 7.92 13 -14 2997 5.87 42.29 40 +53 3.06 I 10.98 15-16 2852 5.58 47.87 1,436 3.34 j 14.32 17 -18 2845 5.57 5'.14 49744 3.76 18.08 19 -20 j 2627 5.15 ; 58.59 51773 ! 3.87 I 21.95 21 -22 j 2490 4.90 63.49 53477 4,04 25.99 23 -24 2075 4,06 67.55 46746 3.68 II 29.67 25 -26 i 1973 I 3.68 71.43 50292 i 3.80 I 33.47 27 -28 1765 3.52 74.93 46525 3.67 j 37.14 29 -30 1593 3.15 78.10 46990 + 3.55 40.69 31 -35 2796 5.46 83.56 91.8'75 I 6.94 47.63 36 41 2432 4.76 I 88.32 93107 i 7.04 i 54.67 42 -51 2389 4.69 93.01 109851 8.30 62.97 52-74 I 2063 3.97 96.98 124954 9.44 72.41 75 -99 677 1.26 98.24 57639 4.36 76.77 100 -149 I 424 .767 99.007 51110 3.86 80.63 i 150 -199 145 •293 99.3 24925 1.88 82.51 j 200 -299 I 109 .224 99.524 26275 1.99 84.50 300 -399 64 .128 99.652 22400 1.69 86.19 400 -499 28 .042 99.694 I 12600 .95 87.14 I 500 -999 87 .179 99.873 58050 4.38 91.52 1000 -1499 31 .064 99.937 37650 2.85 94.37 15CO= 999 13 .027 99.954 22375 1.69 96.06 2000 -2499 6 .012 1 99.976 12750 .96 97.02 2500 -2999 6 .012 99.988 16500 1.24 98.26 3000 -3959 4 .008 1 99.996 14000 1.06 + 99.32 4000 -4999 2 .004 100 9000 i .68 100. TOTALS 51038 100.00 i 1323664 100.00 12 } 0 Table 6 CITY OF NEWPORT BEACH Water Department Receipts and Disbursements Receipts Sale of water Connection, charges Miscellaneous Total Transfers to water fund Total Receipts and Transfers Disbursements 0 1955/56 1954 $240,708 $224,190 19,000 12,126 1.839 1.332 $261,547 $237,648 6.763 -- $268,310 $237,648 Office administration $ 22,359 Meter reading and maintenance 9,313 Distribution and acquisition of water 80,653 Maintenance of lines 59,753 Corporation yard expense 35.339 $ 20,587 7,963 65,634 53,163 24.965 1953/5 $214,295 13,577 18.295 (a) 0246,167 1,936 $248,103 24,230(b) 7,581 62,916 42,672 34.367 Sub -total Expense $207,417 $172,312 $171,766 Capital Outlay Total 31 047 ZF4 G 855 213,1 51 608 Disbursements 238, 7 223,374 Transfers to other funds 9.286 30.280 60.336(c) Total Disbursements and Transfers $247,750 $243,447 $283,710 Excess of Receipts over Disbursements Exclusive of transfers $ 23,084 $ 24,480 $ 22,794 Including transfers 20,561 ( 5,800) ( 35,607) Fund balance beginning of year $ 30,639 $ 36,439 $ 72,045 Fund balance end of year $ 51,200 $ 30,639 $ 36,439 (a) Includes $15,325 on 3011 water line. (b) Includes cost of bookkeeping machine $3,100. (c) Inventory purchases less requisitions. All figures rounded to nearest dollar. Source: Annual audit reports. - 13 - • • Table 7 CITY OF NEWPORT BEACH Water Department Budget INCOME EXPENDITURES Administration Meter reading and maintenance Production and purchase Pvmping plant Booster plant #1 Booster plant — CDM Booster plant — Newport Heights Purchase and treatment Distribution, maintenance and replacement of lines New water service Corporation yard Equipment 1955 -56 1956 -57 261j517 $375, 3 $29,955 $ 36,255 8,500 12,784 5,000 5,600 12,100 12,212 350 650 100 100 51.400 66,400 64,356 $ 63,580 21,300 20,736 22,300 22,300 15.700 _15.750 $231,061 $256,367 Assumes new water rates effective for entire year. Actual income is estimated at $321,291 since rates became effective in September 1956. — 14 — • • The operation and maintenance figure is based on the 1956/57 budget. Based on preliminary estimates now available, the 1957/58 water budget will not exceed $256,000. Bond interest and redemption costs of $114,000 are based on Table 3. The capital outlay allowance is to provide for current improve- ments and to accumulate funds for major extensions or for emergency expenditures. The contingency allowance is to provide for unexpected cost increases, such as the need to buy additional WD water to replace well water, and to allow for possible minor errors in estimates. Miscellaneous income from sources other than water sales currently amounts to about $15,000 per year and can be expected to be at least this large in future years. Water sale income of approximately $390,000 per year thus appears required in order to meet the fund require- ments presented above. The city can expect an average of 9,000 active services and sale of 140,000,000 cu. ft. of water in 1957/58. Present water rates would produce an estimated $275,400 from minimum charges and $97,800 from sale of water in excess of minimum allowances. This is a total of $373,200 compared with $390,000 indicated as required from water sales. Income from present rates appears sufficient to pay operation and maintenance and to meet bond service requirements. To provide ade- quately for capital outlay and for reserves, water sale income should be increased by about 5 per cent. ALTERNATE SOURCES OF REVENUE As demonstrated above, water fund income should be increased by about 5 per cent in order to retire the $1,780,000 reservoir project bond issue and to provide adequately for other water system requirements. Consideration should be given to alternate sources of revenue for water operations and to a review of the existing water rate structure. Since the proposed bonds are to be general obligations of the city, they may be paid in part from taxes, and the authorization of general obligation bonds carries with it authorization to levy taxes, if necessary, to pay interest and principal. The assessed valuation of the City of Newport Beach on the 1956/57 assessment roll is $59,383,040. This valuation is made up of the following components: - 15 - • • CITY OF NEWPORT BEACH ASSESSED VALUATION 1956 -57 LOCAL SECURED ROLL Land and mineral rights $19,062,720 Improvements, trees and vines 28,701,420 Personal property 2,410.810 Sub Total Less exemptions Total UTILITY ROLL Total Secured UNSECURED ROLL Land Improvements Personal property Sub Total Less exemptions Total $50,174,950 1,607,680 154,940 1,284,710 7,007,210 $ 8,446,860 134,4C0 GRAND TOTAL $$48,567,270 $ 2,503,310 $51,070,580 $ 8,312,460 $59,383,040 The total annual costs of the bond issue (principal and interest) could be paid from a tax of about 19.2 cents per $100 on the present assessed valuation if the city were to choose to pay them entirely from this source. This compares with a total city tax rate of $1.24 in the current fiscal year. Were the city to decide to pay all or a portion of bond service costs from property taxes, certain possible inequities would exist. Several areas of the city are served by other water agencies rather than by the municipal water system. The assessed valuation and approximate number of services in other water agencies is as follows: PORTIONS IN NEWPORT BEACH No. of Services Assessed Value Newport Heights Irrigation District 773 $3,433,720 Santa Ana Heights Mutual Water Co. 100 93,600 Newport Mesa County Water District - 51,630 Total 673 $3,578,950 Percent of total city 9.06p 6.03% The disputed Newport Beach -Costa Mesa annexation is in the Newport Mesa District. - 16 - • • If a city -wide tax were levied to pay the bonds, these users and property owners would be taxed but would not be benefited directly. The problem would be most serious in the Newport Heights Irrigation District, where an assessment on land is levied in addition to the charge for water. The present assessment is $1.00 per $100 assessed valuation of land only. Rather substantial tax rates for water purposes are already being paid by property owners in Newport Beach. The following tax rates apply for Metropolitan Water District and the municipal water districts in which Newport Beach is located. Assessed WD Tax Coastal Muni- Valuation Rate cipal Tax Rate COASTAL MUNICIPAL WATER DISTRICT Original area $ 7042,990 $0.21 $60.0058 Newport Beach City 49,1740120 0.25 0.0058 Irvine Annex 2,782,720 0.25 0.0058 Fairview Farms Annex 10080 0.22 0.0058 ORANGE COUNTY MUNICIPAL WATER DISTRICT 3 82,130* $0.33 - *$13,not in Metropolitan Water District. On the basis of these tax rates, approximately $150,000 per year is being paid to WD and Coastal Municipal Water District. The fact that such a relatively large amount is already being derived from taxation for water purposes in Newport Beach argues strongly against adding additional taxes to pay off city water bonds. A principal argument for use of taxes to pay for a portion of the project is that this represents a means by which owners of bare land and other non -water users can contribute to the cost of the project. Since city taxes are levied on all property, the amount of taxes which would be paid by owners in these non- water -using categories would be very small, and the objective of getting their participation would not be achieved. The city might find it preferable to examine the possibilities of imposing standby or other charges to be paid by owners of land where city water lines are available but not being used. Such standby charges are frequently used by irrigation districts and some similar arrangement may be possible for the city. - 17 - WATER RATE ADJUSTMENTS The present Newport Beach water rate structure provides a minimum monthly charge of $2.55 per meter. Payment of this minimum charge entitles the user to 700 cu. ft. of water per month without additional charge. Minimum charges account for about 75 per cent of the city's water sale income. As discussed above, 42 per cent of all bills rendered by the city are for the minimum amount. Most complaints to the city about water rates are from users of less than the minimum allowable quantity, and these customers claim to have been charged for water not actually used. The city is giving consideration to elimination of the quantity allowance for payment of the minimum charge. To do so would identify clearly the portion of each user's bill which represents the readiness -to -serve charge and would charge for all water actually used. Principal reasons for the minimum allowance, where used, are precedent, the desire to encourage use of water for sanitation and other essential household purposes, and the desire to supply some quan- tity of the commodity in exchange for the minimum payment. These arguments appear to be very mich less important in Newport Beach than in some other communities. Newport Beach has many very small users who are adversely affected by the minimum allowance. Many of these users have small houses and little or no outside planted areas. If the minimum allowance is eliminated, the minimum rate can be reduced to the benefit of these small users. Although by far the greatest number of water systems have minimum allowances, Los Angeles and Long Beach rate structures charge for all water delivered. There is some precedent, therefore, in these large systems for elimination of minimum allowances. Whether or not the minimum allowance is continued is a matter for council decision. It will be dependent largely on acceptance within the community of the idea of a fairly substantial water charge to repre- sent solely the availability of service. Two principles should be observed in establishing a water rate schedule. The schedule first must produce the required amount of revenue each year. Secondly, the schedule should distribute the costs of the water system equitably within the community. - 18 - 0 0 Two elements should be included in a water rate structure: a readiness -to -serve charge, representing the cost of making service avail- able to a customer, and a quantity charge, representing water actually used. Income from the readiness -to -serve charge should be sufficient to pay the so- called fixed costs of the system and should be sufficient to keep the system in operation whether or not water is actually delivered. Based on discussions with representatives of James M. Montgomery, the city's consulting engineer, and with city officials, an attempt has been made to isolate the fixed costs of the system. Bond interest and redemption, assuming sale of the reservoir project bonds, account for the largest proportion of these costs. To bond interest and redemption have been added two - thirds of distribution system maintenance (exclusive of meter purchases and new services expense) and one -half of administra- tive costs, meter reading, and equipment maintenance. The following tabulation shows the estimated distribution of these costs, based on actual 1955/56 and budget 1956 /57 expenditures: Bond interest and redemption '114,000 Distribution maintenance (2 3) 45,600 Administrative expense (1 /2S 18,500 Meter reading (1/2) 3,900 Equipment maintenance (1/2) 1,500 $183,500 Average per meter: per year 20.95 per month 1.75 Based on this computation, a minimum charge of at least $1.75 per month is indicated. This charge is not sufficient, however, to per- mit delivery of any water for payment of the minimum. Based on this computation and the discussion above, the follow- ing rate structure is indicated: Minimum charge '1.75 per month Quantity rate .14 per 100 cu. ft. for all water used. Income which would be produced by this schedule.is estimated as follows: 9,000 meters at $1.75 per month $188,000 140,000,000 cu. ft, at 14 cents per 100 cu. ft. 196.000 $384,000 - 19 - 0 The costs to typical users under this suggested schedule and under existing water rates are compared in Table 8. Users of less than 1,200 cu. ft. in two months would receive reductions under the new rates, This schedule produces slightly less than the required $390,000 suggested above. The difference may possibly be made up in increases in miscellaneous income. Unless miscellaneous income can be increased, a quantity rate of 15 cents appears required. If a minimum allowance is to be retained, increase of the minimum charge to $2.40 per month with an allowance of 500 cu. ft. per month is suggested. Determining the amount of the minimum is difficult and must be quite arbitrary. Eliminating the allowance appears to sim- p3fy this problem. Additional adjustments in the water rate schedule and in mis- cellaneous water income which might be considered by the city include the followings 1. Connection charges 2. Turn -on charges 3. Minimum charges-applicable to large meters 4. Reductions for quantity use. These are discussed below. 1. Connection Charges -'The city now charges new services only the cost of connection. An increase in the connection charge to include a payment toward costs of the system already installed appears appropri- ate. -Increasing connection fees by $25 would produce about $10,000 per year and provide a means by which owners of previously undeveloped pro- perty could pay toward the original cost of the system. 2. Turn -on Charges - The city now makes no charge to discontinue service and will restore service for $62.50. This policy appears to en- courage users to shut off service for short periods and reduces the city9s income from minimum charges. An increase in the turn -on charge to at least the minimum 2 -month bill ($3,50 under the schedule suggested above) and preferably to twice the 2 -month bill appears warranted and would result in increased income. 3. Minimum Charges for Large Meters - Large meters are capable of higher rates of flow than the standard 3 /4-inch meters used by most customers in Newport Beach. A higher minimum charge is warranted to reflect the greater availability of service to large meters. Since flow is proportional to the area of the meter, a minimum charge proportional to the square of the meter diameter has been suggested. A charge directly proportional to the diameter may be more appropriate and the Council should give additional study to the specific rate differential. An estimated 5 per cent of the meters in the city are larger than 3 /4-inch. -20 - • 0 Table 8 COMPARISON OF COSTS TO TYPICAL WATER USERS EXISTING RATES AND SUGGESTED NEW RATES Costs are shown on a monthly basis although billing will be bi- monthly. Monthly Charge Existing Suggested Rate New Rate Minimum charge (3 /4-inch meter) $ 2.55 v"r 1.75 Minimum allowance 7CO cu. ft. None Quantity rate per 100 cu. ft. S 0.12 $ 0.14 14ONTHLY CHARGE FOR QUANTITY USED (cubic feet) None 2.55 1.75 100 2.55 1.89 200 2.55 2.03 300 2.55 2.17 400 2.55 2.31 500 2.55 2.45 600 2.55 2.59 700 2.55 2.73 850'* 2.73 2.94 1,000 2.91 3.15 2,OOO 4.11 4.55 5,000 7.71 8.75 10,000** 13.71 15.75 20o000** 25.71 29.75 50tOWk* 61.71 71.75 # Median use 3# No allowance for additional charge for meter larger than 3 /4-inch 3s included although a larger meter would be used to deliver these quantities. - 21 - 4. Reduced Rates for Quantity Use - Widely accepted procedures in the waterworks industry provide lower rates for large quantities'of water. This is done to reflect the lower cost of delivering large quan- tities to a single user and to encourage large water users to connect to the system. An estimated 16,000,000 cu. ft. is delivered annually in excess of 10,000 cu. ft. within the city. To reduce the rata by 3 cents per 100 cu. ft. for all use over 10,000 cu. ft. per month (from 14 cents to 11 cents, for instance) would reduce income about $4,800 per year under estimated present usage. Total consumption in this bracket may be increased, however, if the rate is lower, and large water users may be attracted to the city. As with the other adjustments discussed above, whether or not lower rates are to be established for large users is a policy decision to be made by the council after further study of specific details. CONCLUSIONS - 1. General obligation bonds constitute the most economical means of financing the city's proposed reservoir project and related improvements. Assuming equal annual total payment of interest and principal over a 25 -year period, average annual bond service costs are estimated at $114,000. 2. Payment of bond interest and redemption entirely from water revenues appears preferable to paying them from taxes. Some pro- perty in the city is" served by water agencies-other than the city, and to tax it for city "water purposes appears inequitable. Substantial tax contributions are already being made by Newport Beach taxpayers through Metropolitan Water District. 3. An estimated $405,000 will be required annually to pay all water system expenses after the bonds are sold. The present water rate schedule would produce about 95 per cent of the required water sale revenue. A readjustment in the rate schedule appears desirable in order to increase income and to distribute costs more equitably. 4. Reduction of the monthly minimum charge to $1.75, elimina- tion of the minimum allowance (now 700 cu. ft. per month), and a'charge of 14 cents per 100 cu. ft. for all water used would produce $384,000 annually. With reasonable increases in other sources of water income, this appears sufficient to pay all water costs. 5. Users of less than 600 cu. ft. per month would have their rates reduced under the suggested schedule, and the median user would have his bill increased 21 cents per month on the average. 6. The extent to which the suggested rate schedule distributes costs of water equitably should be studied carefully by the City Council, along w?th possible adjustments in connection charges, turn -on charges, minimum charges for large meters, and lower quantity rates for large meters. -22 - PA'�.E ? - PART I I- NEWPORT HARBOR NEWS -PRESS MONDAY, SEPTEMBER 23, 1957 LEGAL NOTICE :NOTICE IN 1'I'TING BIDS ON $J,780,000 CITY OF NU%i PORT i l BE*_-H, CALIFORNIA, 4 BONDS OE. AL OBLIGATION NO 710% IS HEP,EBY GIVEN thsc misled proposals for the pu *chase of $1,780.000 par vahlei general obligation bonds of the! City of Newport Beach Califor- nla, will be received by the City Council of said city at the place: and up to the time below speci -. tied:" TLkIE: 11:00 o'clock A. DI., Pacific Standard Time, Odtober 16. 1957, PLACE: City Council Chambers City Hall Newport Beach, California MAILED P.ID3: Should be Dialled to the. G1,r Council of the City of Ne \,r- port Beach, c-o City ricrk, City Hall, Newport Beach. California. OPENING; OF BIDS: The bids': will be opened at an adjourned regular meeting of said City' Council to be held in said Cr.,un cil Chambers in the City Ball in ea;d City oil October 16. 1937. be.. ginning at il:uu o'clock A. %I j ISSUE: $1.780,000, consisting:, of 1780 bonds, designated V,'A -: TER BONDS, 19:57, numbered 1 to 1780, built inclusive, Of the denomination of S1,000 erel!. all. dated November 1. 1957, :IIATC-RITIES: The bonds will Mature in conseuutive numrrical. order in annual amounts as lbl -, Iowan $70,000 on November 1 in i each Of the years 1935 to 1976,: both inclusive, and $7.5,000 On November 1 in each of the years' 1977 to 1982, both inclusive. INTEREST: The bonds shall i bear interest at a rate or rates to be fixed upon the sale thereof but not to exceed 6'2 per annum.' payable annually the first year and semiannually thereafter. SIGN.'VTU'RES. A•, laast ane' of the siguatuies On the lwnds will be manually affixed, PAYDIENT: Said bonds aa6 the interest thereon are parable in lawful money of the United States of America at the office of the City Treasurer of the City of Newport Beach. Califor- nia, in said Cite, or at ao� tls,a; agency of said City in i..,.s Angeles. California, at io Chmu- gu, lillinois, or in Nei- York, New York, at the option of the holder thereof. P.EGISTRATION: The bonds.) will be coupon bonds reg:stciabk I only s9 to both principal and in. serest. CALLABLE: The bonds ma-i. turing on or prior to November; 1, 1972, shall not be subject to: call or redemption prior to ma. turity. The bonds maturingonoi after November 1, 1973• or any: of them, nay be called before maturity and redeemed, at the option of the City, in inverse or- der of maturity and number, oil November 1, 19,2, or on nr.y in- terest payment date thereafter prior to maturity, at a iede:op- tion price for each redeenible bond equal to the prin ,•Inal amount thereof and accrued in- terest to the redem Ption date. plus the following premiurus if redeemed at the following ;roles: Year of Call I'remlum 1972 Or 1973 ................ 4' 1974 _ .............................. a' :.'r 1975 .............................. 8...[ 1976 . ............................... 2 1977 . ............................... 2',; 1978 . ............................... 11._' 1979 or 1980 ................ 7•.:. 1981 or 1982 ................ PURPOSE OF THE ISS I.: E: Said bonds are issued for the: purpose of providing additiOns to: and improverueuts of the w;ller storage, transmission and d:slui.: bution system o; said City. SECURITY: Said homes all i ssued parsuaul to Article 7. Chapter 9, Division 9, 'fil :o •1 ,Sections 43,500 et seq.l Of the UvVei'1lilleill Code of the $fail: ^f i California. sometimes kuomn a.- the. 3lunietpal Bond Act of 11191.` Pon the purpose. of pnyiu_ the principal and interest of s:itd bmlds the City Clowned shn!? .rt ilia time of fbfing the , ^cal tax lexy, and annually Oletc4ifler until said bonds ate paid o! un- til there is a sum in the treasm\ of said. Cite set apart for twi ": purpose sufficient to nice; ai :� pa .Diems of Principal and intdr- r-st on said bowls as they bey onlr mle. lecy and collect a tas suf -1 fiziem to pap the inures; on! Raid bonds As it fall.. low Ali, .,<nrit part of the principal (here. of as will batman doe hero,. -1:e prnoeeds of a lax levied at the ursl general m[ let'%- %.iu a,ailahle .Said tax sh:d! 1;.: '... addition to all of Pier ierled i „r municipal purposes and steal. be levied and collected as other city taxes. TERMS OF :SALF, INTEREST ri ATE" The nI.IS- )anon: rate 'oi,i may not 61 .. payable annually the fint year and semiannuaiiv there- after. Each rate bid nrust Le a !nalt!ple of ,oth Of Pi M 3,)tla of I';. AO bond 41 -all �bPal' more than one !Lift' :Ar laze. and all bonds of the sno e u +a ll:[i U' sl:ali bear the same rate. NOt ,oie than fY ;I ii : t tc.t tilt,s nine bc bit[. '1 ?:e ! rrnct!tlon of am rate 'ri yonsidceed the bidding ni an .,• :dition6 r'arc. -I'bc. date, en . rnatl!ft?; 'a g: vup of n;.i.n slta!1 not be more than 1`�', s. LEGAL NOTICE t nig1te :, than the interest rate on i any Other matuidty or gl'oup of maunrities. AWARD: The bonds shall he! sold for cast! only. All bids - nu;st be for not less than all id the bonds hereby offered for sale and each bid Shall state that the bidder offers par and accrue ! interest to the date of delivery, the premium. if any, and the interest rate or rates i Sot to exceed those specified' ;tr'.r ein. at •.khIch the bidder of.i or , to bur said bonds. 1.ach bl :i :aei' shall state in his bid the total net interest cost in dollars ;,nd the average net interest ra:r c4termired t hereby, •.which shad be considereel informative colt avid not a part of the bid. ,SiGHEST BIDDER,: The !ien,!s %,'ill be awarded to the responsible bidder or a lldc!.< ems ^.dering the interest i:ctr. .sr rates specified and the p :eieAvm. offered, if any. The b{qh_ >_ bid %till be determined bs de%iuctine the amount, of the It.cuti'atn bid lif anyl fr0n: the ::dal amount of interest which the C;.;v %yould be required to pa,• from the date of said bonds L,) the respective maturity dates the,cof at the coupon rate or i:0tes specified in the bid and the acrard will be made on the bawl; r.f tlic lowcsi net interest cost 1�, the (;:IN-. The Purchaser miss (;a%' a(:, rued mtorest :tona Elie rate Of the 'bonds to the del %,el }'. The accrued i:i- :: r :1,a1I he !roniputed on a _r;'..-J, . .cat bass. The cos! of pinking 'lie bonds. %%ill be borne Dr the City. lul,HT Ur' RL :JI;C -TIU \. The Cu:' iu "Ives the right, an its discreticii,. to urject any and all bids and to the extent not pro. hibited by law to waive any 1r- io6ulurlty or Informality in any birl. PROMPT AWARD: The City wi!l take action awarding the btaolzi or rejecting all bids not We:- Than twenty -six t26) hours after the time herein prescribed i for the receipt of proposals;; : pn; i'ed that the a%%ard may be ;bade after the expiration of the specified time if the bidden shell not have given to the City ` Cot* nail notice in writing of the it Skim %%al of such proposal. PLACE OF DELIVERY; De- Loei v of said bonds will ho :iY ; to the Successful bidder et : the vtfttie of the City Treasurer, .Come caller place of dy- li,T�y is agreed upon behvoen t1w ! Treasurer and the out. P! :bJ;eiPT DELIVERY. CAN - CELLATION FOR LATE DE- LIVERY: It is expected that Laid bongs will be delivered to the successful bidder within rhnl•✓ ;.30) days from the date of the award thereof. The sic - Ces <'ul bidder shall have t!;c right, at. his option to cancel the intact of purchase if the -City shall fail to execute the b„nda anti tender them for de- 1 i thin sixty (60) data f : 1 hr date of the award _ LEGAL NOTICE �thrieof, and in such event the "successful bidder shall be en- titled to the return of the dc- pn,i[ necompanying his bid. FURM OF BID: Each bid, to- grther with the bid check. iuust L, iri a sealed envelope, addie,s- ed to the City Cmfrtcil of the ('iC: of Newport Beach. c o U'A.y Clerk, City Hall, Ncvp:,rs B,ca,:h. California, with the en- velope and bid (!earl' marlo.d '-Prpposal fo:- $,1.780,000 1l "ai•, Pill UIi F :CF. A Certified ill' rashte•Ya check on a responsible Lank. or Lust company in the amount of 395 of the principal amount of the bonds, payable to the order of the City, must ac- company each proposal as a guaranty that the bidder, if site- cc sful, • %vill accept and pay for :said bonds In accordance vvith : the terms of his -bid. The pro - :eeds of the check acconipany- 'in, any accepted ?proposal shall be applied on the purchase price ior, if such propusat),is acceptedi 'but, not performed. uptess such : failure of performaciclk. shall be caused by any act.6'omission of the City, shall then be rc- tained by the Cilia The check accompanying each unaccepted Ii oposal will be r e t u r n e d ;•romp[ly. I CHANGE IN TAX. EXEMPT STATUS: At anv time before �thc. bonds are tendered for de- !iyvrc the successful bidder Inlay - disaffirm and withdraw the ip,nposal if the interest received bt private holders from bonds. ,of tho Same type, and character shall be declared to be taxable imoinS cinder present federal in. come tax laws, either by a iul- I i ng of the Bureau of Internal Re%cone or by a decision of any !federal court, or shall be declar- ed taxable by the terms of a.nv: j federal Income tax law enacted er.bsequent to the date of iris pour,. LEGAL OPINION: The un- qualified opiniou of O'Melveny & Myers, attorneys, approving !the validity of said. bonds will be furnished the successful bid- der at or prior to the date of delicrry of the bonds, at the ex. pense of the City. NO LITIGATION CERTIFI- CATE: At the time of payment for and delivery of said bonds: the City will furnish the su::- ressful bidder a certificate that there is no litigation pendin', aiferting the validity of the n,i n, b:. INFORMATION AV A I I. ABLE: Copies of this notice and of the official prospectus relat- in�- to said bonds may be ob -� :Tined from Robert Shelton, City Manager, City Hall, Nev.- port Beach,. California, or frou: .the financial consultant to said! : C!ty,. Stone & Youngberg, Rrss Building; San Francisco, Calffor- hia. j GIVEN b% order of the City Council of the City of NewnoA Beach, California, adopted SIP - I,rntbcf 16, 1957. City Clerk of the City of New - pol: BcaCb, Ca;rfurnia No. 820 News Press 9/23:'57 , 1 2 10 11 M mom 24 25 26 27.: 28, 29 ^'c9cr' A;:ril 11, 1957 James M. Mohtgon.,cry Consult ng Lngineer AFL 535 zias Walnut Street '... Pasadena, C4lifornia bear. tare Montga:::eryi r"aicsloseci Ss i executed Col:y a8 tiie Agre :mant authorized by the Coubeil ofAbe City of New Beach by the alai ti06 of ROSibtiO n NO. 4628, copy of which 18_ also t.nclom d. MS ©c.cse dory truly yours, Margery Schrouuer City Clerk - Treasurer �.r ^'c9cr' A;:ril 11, 1957 James M. Mohtgon.,cry Consult ng Lngineer AFL 535 zias Walnut Street '... Pasadena, C4lifornia bear. tare Montga:::eryi r"aicsloseci Ss i executed Col:y a8 tiie Agre :mant authorized by the Coubeil ofAbe City of New Beach by the alai ti06 of ROSibtiO n NO. 4628, copy of which 18_ also t.nclom d. MS ©c.cse dory truly yours, Margery Schrouuer City Clerk - Treasurer ELECTION OFFICERS AND POLLING PLACES rW There will be ��j�n ( l$ ) voting precincts for the purpose of holding the special munici- pal election held for the purpose of submitting to the qualified voters of said city under Section 420 of the Charter of the City of Newport Beach a certain contract to run for a longer period than twenty -five (25) years, which special municipal election was consolidated with the special municipal bond election to be held in said city on Tuesday, the 28th day of May, 1957, and such elections shall be field in all respects as if there were only one election and only one farm of ballot shall be used thereat. The precincts, polling places and officers of election for said special municipal election shall be the same as those provided for said special municipal bond election, and said precincts, polling places and officers of election are set forth in the ordinance providing for said special municipal bond election, to wits Ordinance No.'(� adopted `.. 5 , 1957, entitled "An ordinance of the City of Newport Beach, California, ordering, calling, providing for and giving notice of a special municipal bond election to be held in the City of Newport Beach on the 28th day of May, 1957, for the purpose of submitting to the qualified voters of said city a proposition to incur bonded indebtedness by said city for a certain municipal improvement." 0 4'. The polls will be opened between the hours of seven o'clock A.M. and seven o'clock P.N. Dated , �1 1957. Y Clerk ckr the city of Newport Beach, California 2. I R A'agasm 18, 1956 &r .ea Monxgomcry report ou 1200 Ac, Ft, lReservolu roc =ice by, Newport Beach. §ug,uat 21, 1956 First sleeting called by City of Newport Beach ate trdecl by t.'vmt a Mass officials and other coastal water agencies v:n deter nn interest in a joint project. October 5, 1956 Second meeting called by City of Newport Beach attended by Cc,st,a Mesa officials, c6btal water agencies, Irvine Company and Metropolitan Water District. Irvine Coeapany presented letner offering site for reservoir to one or more agencies, kuvorzber 13, 1956 In view of no expressions of interest frrm' other sgenctea, the City of Newport Beach executed contract with Jame Montk;vaery to restudy reservoir project to provide for ownership and onpr;;ticl ,. solely by Newport Beacb, 1456 Meeting with Mr. Warren Beebe of the fin, of 0'1* -Ivony % ?Vera in Los Azgeies, Attended by City of Newport Beach and C.Itfir of Costa Mesa officials. Discussed joint project NovcmiT c 30. 1456 Costa Mesa City Council at an informal breakfast metin =4,10i Newport Beach City Council announced its intention to partnl: r;j_ in a joint project. Same date Newport Beach and Costa livsa jointly, by lette., again asked Laguna area water districts if they destro4 to particlnatr. Laguna Beach County Hater District later replied, in writing expressing intsrrwt but inability to join in the project. Na response was received from the South Coast Hater District.. Be zo' L 4, 1956 MW denied request for financial participation in reservoir project previously initiated by Newport Beach through Coastal Municipal Plater District, np^awtber 10, 1956 At a regular Council meeting the Newport Beach City Council employed the firm of OlMalveuy S Myers to draft a Joint Powers Agreement. Costa Mesa City Council did likewise, tea:' +cT 21, 1956 At a regular Council meeting the Newport Beach City Council named "Water Commissioners" to most with similar group from Costa Mesa to investigate the feasibility of joint project and to report findings and recomssudatione. (Required by State law). Costa Mesa did likewise. Nlimeraue meetings of "Commissioners" and other officials from both cities were held to •votk om- dr. +anvils of Joint Powers Agreement. Other meetings Vero held with O'Falveny = HvTrs and vied the Irvine Company officials to develop the agreement providing for coaecyarce of the reservoir situ The last of the staff meetings on the .joint Project yeas held baron 2', at which all parties were is agreement on all detai.le of the joint An cAgcc;ion c;dleudsr providing for bond elections in both cities for May 14 was agreed to. h, ce.1*P..dns called for action by both cities Marcia IS to initiate election proccedings<. - � �k�eg tins diepuGtd 1' +�h and Lists ' � ann•xatirat ::� . .x+ - -. asp i'&a'B ii?.16SijjtZ. °3$ t% par... p-4te in 1,ho. :f,_n4 r'isezVOL7 project. it was sug:,eeted t;at a condition of Costa bee's pa 23cipation might be action fay Nevport Beach to canoe! ita 172-e 5[re,C Arm- tzatiou. sroceedin ;i and arcept the reran;: SuP gs ^r Cauvr �,: i:�'<on favnring ,nsto K,er ., 'Har —_h P, 20,57 A spe44.al meeting of the Nerm ort Beach City Council was head at 9:00 A.M. for the purpose of considering the sat t, :t: xai^ed by Costa Mess the previous Fvlday., The pQsiri.cn of Costa Nana was briefly presented by its city manager. The Newport Beach City Council, mobile acknovledgs.ng Costa Mesa '`s concern, concluded that 1) there is no clear conna tiwi 2;,etTv vu the annexation issue and the proposed joint reservoiY 3rst - -, i,n each should be treated on its merits; and 2) Ydegeport Bstr h as ua! ?: as Costa Mesa has a moral obligation to defend its inter est, anc, that of the initiating property owners, in the dieputed anne;u.- tions. Accordingly, the Council decided not to cancel Cue annexation proceedings, and instructed the City l,rtarnc = to appeal the Superior Court ruling. xt. At an eaeuing Council meeting, the City Council of Faw-pe ;,.t acted to adapt legisiation required to call a special alc:cciOn for May 14, and zffect the joint project. The Newport Beach City Council adopted and delivered to the Costa lass City Council a statement explaining its position on the annexation matter. An adjourned meeting was called by the Newport Beach City Coup 2l in the hope that an understanding could be reached hetvvimn the two cities in time not to jeopardize the election calendar for the joint project. Ne- eauc:xt. Beach stated its v41ii+gnea: _o ce_e.t with the Costa Mesa Council in the interim. These facts were conveyed to the Costa Bees Council during their Monday night. Council meeting, ;I rnh 19, 1:957 Adjourned meeting. The Newport peach Council revie,aed the entive subject. Costa Mesa officials stated their belief that Newport Beach's suggestion to cancel all a»nexation proceedings was un- acceptable to the Cast Mesa Council. The Newport Council acted to rescind actions taken the previous evening to inn titute the joint project. The Newport Council further arate4 its Intention to act spepiily to submit to the voters of N, -n0,)* t Beach a bond proposition for the financing of a reservoir to be ahollp owned and coutr,aUed by the City of Newport Beach. liarrh 21, 1957 The City Lai_ +xcil of; Newport Beach held a special meeting and received a - report from Councilman Stoddard presenting engineer's tentative estimate of coat for reservoirs of 600, 900, and 1240 Ac. Ft. tc: be independently built by Newport Beach. -2. estimates of ccests for three* .,rIrqAK adopted policy statement hint-Or.7 problem and SMOUDSAng its act fl.nRily j,.-Irch 29 to call an eleccio%the 6c* Ag, FF,- v•AVI-?TQIr Unless economic reasons" for a larger reservoir were osantIme, advanced- IVxch 2%. 1951 City C;ouncII took i'Ixwai action to call an election for May 28 for a bond $1,780,000 to build a 600 Ac,, M reservoir and. -:canecrinv pipe lines, as well as correct deficiencics in the existing, water distribution system. 9 3J r WWMMP thm City COMOU Of the My of ang"t bomb, call s did an the ,2 i.. ' _... a► of Im. by a vota of tea► two-SM&40 of tba meow of tdte MY Couaodl, adopt laso1utift a.. _ `l6, 5 . aot"W. 'U8*b*tM Of tb* City tWAM11 Of th* Clty Of b Mbs Cdltfpadas WWS ON Vubi3a taorem aactlflad by the CIO Clark of saki *IV; WW, MWOM, the CIUJ CGIAaofl of No CU7 of 500tioa to That a xwAdV4 bond *lac. tiara ba bdd and the um U haAmby Galled to be bald ltt the City of s Callfwalas on tbo IM do of "s 1917s foss the ptNposO Of Odw ttiq to the quallftod voters of said city a prapos"I t Of iaswrrtft iad esa Mod ifoulft bands of said city thionfma to the motat i f hereinafter set forth, and for the objects and purposes set forth In said resolution and'hc��r stated, Section 2. That the object exsci purpose for which said Ladebtsdmas is to be incurred and bMMds issued therefor is as followa: The acquisition and construction by the City of Newport Beach of a certain. wAdAI,pal improvements to wit a water storams reservoir with water tramamission lines and appurtenances and Appurtenant wafts, water pipell** wad other woof for the storage, taaiamWssion sad die. tribatisea of water, :SmludUw the acquisition of all Sands, easemmments, pipe* pmmsmpe, valves, fittings, sisters, mach' ry,�fapparatus and Other party necessary therefor. Seetioma 3. %at the estimated coat of the amuaieipal lavrovomment described in Section s hereof is (# 1.0 ky z c c - } and that the amount of the prinslw of the indebtedness to be insurred therefor Is the sums of Section 4. That the mm aximm rate of interest to be paid on the Indebtedness incurred for the pwgase 2. s> • • naw R#ti ee>isWell no#e oasood too r0 ft PWMISW bf Uwe t* aft • oft .PW oo* (6%) iw oily Mw wftsv, the SIWA tos of romm of lataftst an sold boWho to be dot*mWLmd at 4w prim to the tim of the ode Deer #Gun . +bail bo *A 80 A ob 0101 e h A N* an do, dW of "id oloottah wd akll vm" " 000ttommoly lines &W tl+w omll Mavm oleleA 8.X, of tbo 000w dote, in Smatim $734 of do Mootclaa cab of dke ftate Of c4lismaL46 8. MAtli[ C80" ( +) ON BALLOT 4NILY MITH s CTAW UVn Wizi FIX OR ��I� IN9TwummB To VOTERS To vote on any measure, atigp a crone ( +) in the voting square after the word "YES or after the word NO ", All narks, except the aroma (,) are forbidden , °:..All dim - tinguishing marks or erasurea are forbidden and make the ballot Vold. If you wrongly stsiv, tear or deface this ballot, return it to. the inspector of election and obtain mother. On absent voter ballots mark a cross ( +) with pen Or penoll. I t I I I BM PROPOSITIONS Shall the I I I : City of Newport Beach incur a I t t : bonded indebtedness in the I t t I principal am of 4 � � I : I : for the purpose or e� I YES I I I tion and construction by said s I I t city of a certain municipal I I I s improvement, to wits a water I I I I storage reservoir with water I t t s transmission lines and appurte- I t t s naness and appurtenant works, : I t t water pipelines and other works I. t I I for the storage, transmission I I I I and distribution of water, I NO I t t including the acquisition of t t s h all lands, easementas pipe, s t I I pumps, valvess fittings, meters, t I t s machinery, apparatus and, other t I : t property necessary therefor? s I ; t I t 1 section S. A cross ( +) placed in the voting square after the word "YES" in the manner hereinbefore provided shall be counted in favor of the adoption of the proposition, A orals ( +) placed in the voting a. • i VMMid".Aja U.MkrtjjftOf 0. py so s gestum 9's iba i the va ""Im t 1 dkai sawist of "Oldw i1Y0tus sosahmas samob 1 OW 34 !'a113es P11we! Lvela fifth • •s• • • Voting Fred"* d abdt venue of a MAM elestis PmAnsto IN lip set look 2 mod E 7 qy' 1 �t Jet" no x8garto IM Won, Vottat6 Oveatmat 3 *OU eo"L t of velpd ar sloftift POSSIOWe Now4wt 11mmok 4 and 3 ftlltt6 !'lases east BW Stiodan "Ii" Ir s sm"Vords fteme �f Js go NN s s 1 } IUMM Le simshm"t. w lam sdgwAwm0 1.I..r.i.id AWM je rat, moolp & VIN imp • r tRi loll assAst of e+WAW Slocum ptrestasts 8 -11 t 1 mea mb 6 a" t6 Potttag met �� tslwtd tort us" a• jamese Balboa wo .i sa ft" it. 1Mm"m rs Balboa on clawks Lett" • 23 O Clanks an" Lorca, !i6 Balboa 6, llWOO s 10sk11 emalm o9 s electift pmi=ts Npame 7 and 98 fttuvg t 0ftd lstpssts rs OrOW . WOOMM 9 + A4 r Est Nmdm L. Iftr W IrU ii�"Fd mw ouwkl xdmli ` 701 J40AMO • • VMS" product i ShOu oessislt of rowlaea is paetaats 1:. AlWwwAw. 0 Wand s Owdette GWO 30 ROY* %dh9bA lsxasstd MA&M Dweft hiss, M Gael, UU*& Z#AU d Ctsea ks Noth Motsloa, 1&10#40 baflbss Island Vfttn product 9 sbs11 t ssp wdrAw slsssetsas pressuea beset no 26 and 37 ftIL S pl emal met 4+oew- a t lamb bApwtw3 X4016 1E. 14"00 144 v" Vella. skiv$MM leg" Jas 1404 apt"I 140 via , Clubs to xer"1s -to? vu Have Clarks ftem " /baruads68afle 4ss Vftin product 14 +well sendst ag Visor Rampart Zbeek 13 and 33 it,L14 pla fts Air moss~ del ism x4thwift d* VNIM094 a alm r far James Cus 8,, lews 313 Ulat cwt dd Mae q.,tesit s ftaip IC. * 214 trL. Goetesse del Mw Clerks tlyd}sx Aetaassa 226 Jam, Cerass dolt Her o. 0 �i- 0 11 416411 ONWIM 09 9064M p"wimat is abali $Owf " of WSPA r 4Ypredmas lb q m m, I Saab 33 And 26 ftube t h Nowave -t L due , SU Ausof jaftel Ltd :d3. MOUSASO so combs Sommaimm beach Grit: ism *W4144 Sul Imad tea. 990011wt131tit"raw y h MUM t 0 orb IN hom look :mod L*dU* bolut"t • sub 5010096 lamb t ! r raww"f SO OWAPEMOO 9• 0 0 I emu asaft 1$ 26 In p Cora W&Wwwmio onto Um"ww_ SAg C. A%W�M jWliviods, *Now * • s & imall 13 lb4l 000"a It Od yca 1 � % , � COORVA � + s Sib ift Ut lYac C&Wkt . culgk= *&V* 'm '• 41= reetrAw 16 &OU emoa ot � ti+oa► 23. 31 ►s Ul la�u �*• lowesms .mil t#re 1G+�• �1 g4m S MAI s UO 18. 0 0 Voting prmolomt 17 dksll oomalse of vvVd to olsotlen p+roolmmto Wompetrt %sh 27 ad 94 ftllbg PIAMt a - E swap feud 299100 6 Cliff Drive t Lyu 2, Dwass, 2m Cliff Orly Jnftet set" Ve4ft Domatast lon C47 10, met Dpapab CIWkt ma G"uW no Sees ClMht XISLs iatIUW 9��tal�a�, Vietime peselme 18 dm11 plat of eftuLw aUttUm psalmou 8 myout Samob 39 etroot, MUM Plaatlt m1tathall QQVW 191 26"k 1�p taeea eahell, 1311 trwift kiimud r amt an wolty, 4" Ig"t lftTwftll 'h Cl ftt L, I4lt�lloo 9t D�t 19th stmt, Cwt eaverads Via„ 2t11 velvet its 0 u seetiaa 10. That ae o too Psov3.&d In tide awdleasse, do electims e+alled bwdv droll be ee0*06ftd as pvw*"sd by low for Nth" waaAlw Oleo- UAW im saw CUT. swtuft 1t. That tke city amusi of "" city dell not at its used pbm *9 wMA" la the City ftII en TAMMWey, tM loth '.ay. of June, 19370. at 7130 *' *IN* P.M.. of oaid diws cad. t# *=vase do election vetueas and &MIS" the ae"lt Opt wind sleatim. batioa 11. That rocs City C omit entity to tors P""p gad adoptum of tbds aataorae by a VMS of aerie tbm tvo -ttdsft of sit of the of the City Commail of said city, sad owl c wo tie atioaftes to be PubUded ease a web bas two (x' weeks in tbo law= NAWM I v I . a *""mow of awmal eiewia- tlos. mad r6lidwd Iww gees s" (6) days a W&A to said city. tts otiens U04140 of r mb elest"s aced be given, baton 13. MA Ordiumes tbtli tape effeet " Its• 11DO tffi1� 111 11 AND APPRWM dice dsy E4 1-i city Laws ec cm w"Oett S {O�i� I 12. 0 ..: l off 09 z7mopgoved tra -sees o[ �� woo ia�+eadoa�i aad . �a1 .at as at 10 C"y Q matl daly beW 1+957 wild after at 3ffS ok said elity Commail d4y 1"It mull mil -,Aw id rsld Common 4, *44 +b� a mw at +era thou sad d -, ED�IIIe il. to wit, 33* q RSSOLIi14-VO. 4639 R tti.[P�1GN �c 'SIX mm r �`�fPlk� BLACKs I1.4i'rs�i -..3. 1%7. 21.;: v"sed IUd 74 tbo G1ty Co=*U of t City of XewPOrt Me 22 ;t at a re Ur Mating tbwv" hold ,oa the do..W 1. Aprlla 19%,v 23 • �� :; by tt� tolloe� tnD#� #� -srlts .. �a; d 25 26; 27 28 ATTZ3T x 29 MUGERY':,CHROUDER city n�OrR 30;S 31h 32 ;i u .. C? Hart, Wilder, Stoddar , U #gbje, Udderhgf Hill s CIS None COUNCUMMi MacKay DORA 0. HIGH, ! cr l i 4 6 B +, �I 7 B. 10 4i :.l.l 12 .. . .13 14, 16 �; 24 25:: MAW * therq : y prees►tted 1:0 U0. Ci f the CS# 't ► a 'iaitt AjvPGeMmUt .%O sr! between ':fie City of VOVWt Beach and James M. MMUQMWo consulting =' r a Ciai.Z.iaw"wia1 C 'ii�ls ia "w city, �mr sewport � 2eYch 4,S8e6 to eng@&* 4jgiCe6 of .Jams k. *d %d."mryA . C a thing Ingiroer, in bel Otion with the ton or an 0094 A&rth pert type reset voir, which ie . � s �+rtidttlarly set north in #{e above`. t3oned agl*eOment; ar4v .: .......... UKe:r FAIT `the City Cou"Ll eras here4w -': " the terse; aW eonditIons of said Agreeniftt aM said : Ixud .vOP"' - � t1 are rea"nia le ad equltabla; . ,.ail , f3E i it�t i.V3a, tlWL tfte Mid., Ond the CIV Glen'][ Der and thef Aft hereby, autkr+stIMS AM ._dirrratO4 to .execs sald s st i the rAm of '&W rW and on behalf of the ity'of.ftegort A"eh. 'hw Abwe azA ;t Soing reselut Ion w" dUU : snit' rovda y axe adopted by 00 City Coueall of tho Mr of Newport Dea& eta 2606 y t P held * the 8th,.AaY or..Agriis 195T, by Wf�ovind roll 0413 vot*,. t* -exit; AYES ,t umv Haft,, Wilder, MacKay, Stoddard, Higbie. Aidderhof, MG7i5, CCII: None C4?C$Ms None —� i Rx"T�T: 27 a I � fC�ASURE TO BE VOTED ON Notice is hereby given that the following measure is to be voted on at the special municipal' election to be held in the City of Newport Beach on the 28th day of May, 1957; PROPOSITION NO. 2 - THE NEWPORT BEACH, THE IRVINE COMPANY CONTRACT: Shall that certain contract between the City of Newport Beach and The Irvine Company, which was approved by the City Council of the City of Newport Beach ��, c,- z =� , 1957, and is on file Fie urribe o3' the City Clerk of the City of Newport Beach, and which is for a longer period than twenty -five (25) years, be approved? Said contract referred to in said Proposition No. 2 is as follows. [insert contract here] -W 7-4:= par.-: mnm=vft bw OL aorpcwz: and smotaw uNdw tb a the state at umt is to "L-.VLmr)* Md the cm., mom =was I ou armpAlmd end OXU*AM in am s"O of unbw md by vusue r4j&t3fjOd - LIU* tO CdrA%► Alf J& I" -Z-; =4 -�rwido6i in lov the ho"ImPbw ita E-U-Nossaws tW manpafv rr7rl 2 11 p and pur- -OM 70 in Vw cckmty 0� acre@ . MM qua~ cop ack 93, Ow nwtbw I .; . . " Map W.- 0 3'aem*38 CC arave 04Wtv-0. cauer"Wibufftin"tw referred to wMm SUVJFA--. �0 revard.in rQWW of tropoLL"n ImakaLtdowwr a Nam 4"W400119* rer t'W to� #� son and UPS B. Ti" 04b"Yes" at the 99MOVIDAW Almhu tie MMW and ave—epte4 LM and stAbjeat tijifte Mlad tr amd IOUSM Walch dvhu qpWats. SO isomisructs z—ft Zt wIft the romn"Ir slt* -and, irdth =: _ltlwr -atoffimam MA amar a0purtargint works #M ftellities zomtrueted and volatiedned thusams vhLab omenmts rcatrIcuoins shall no In hmor at ad Ghmu be alrorce- eklti Va IRVXU and Its and asad�y and tbsll be Ulald a toOft SMS entIONWOUS &Wd=t M - 010 si1t8 and Its ORIG"Osove MA a@81604 to Stu Us* saw 011W don SWAM I* be a>intorat In "Id said r"m go" Idto a unto aboviagge vessuvor ULTZ stares capselty at mat low thimis &*M toot and L.pr.wtw-v&nt works and ramIlItl" JA ascardsme with WO r.I_txm or the vm�t as am a I by. MMA Mwo and Mat k.'Yt"' BQ'Id W&tW atWO410 IVM ad, end facuitum shall bwm beimm so SOMINIM"A" and Installed An- and upon sLId prqportwo said sMW and its moomseme and "4100 shall OVA* 00 mme to be IMANAMS"d mt so W for WW ru"m havemm"m vNVA"do us em m emor use or purpeft* 9 i .. .mss �.{.�35 LY�4�yy -�_yC� �Y Y'im'y �'SY".Y�J3�x i jai -"zi1 �2 •� __ _ T -... ?mss «.r -..- .�i.ffi� �- '.�.. =s s i;:R' «'�3.- �sT+��i�� Six .xs � '= i•� _ __ - zv acq o of r. -' rT : ice f A L - Aw AWF� t3 use ra"Oulm re-aervatlaras MDM wrad Its WAGOOSOWS and "SiVus, eawtruct, lnnt.M, replace. UBC z) !Or, mrsder, aaross AM alone e-4 c 11 &treetG, And pole 21m s: pipc- 1V tra�nffimlsaioa of oil, iou.: ter, tele'-phme czq Q+� 'g rkuwsea riot in- IC - wit-., 1.� mae or C-a4d C-:aDQuwT1tStW a&1d city. (2j he ri�t Vu u-" tkb-- JxUrfww of said pW '.L PUrt tl rOOf, AfOr gMaing, faZUing uyK-F OVIC-r plu-j-1--oc that nhall not ym,.-Ont ar Interfere V--Ae Vine of � id eamewant by said dity. '11* Plot to Un Ju"t Use of gAJA Soceav pupos . or WW part thereof for ra" r " S4 TIm right at wW time to rqjOG&tq said - r, Or &r4 PiLrt Umvorl, and to Wovldc to aald city, subje*t to the sum z4wervaticm -Az and Pa.-ty-ictiam hftmtjn provi"do a"ther am_ -mte asp rout" thes for w1thwt expense to In 41V Or Uhl *ft O"uts - &U riots of *mild city in ax� tO the "bw'dOrxe4 POrtUm or portions of u43& rat fthall ate &-A said city mWit in writing,, *Ital&lm &11 rl&ts In said abed portion Op pGrLI=w O"ld -a i;a -W,F W of -v sabls bY MU &o�'s oAea�mb oM bi3xiIft upon wid a n? ice r ws m and its moomemors an (1) t t1w setter t t.�f`�taat�:+�i e�-b Ssstalled Sa i W burled at sb ia outuoaly by the H c +Am;!gtloft of the fRao-1 Y am (2) MAA at ss3 a: rasr the purpose hffoftOoft M �) s (^) of sett3an ."Mull (3) 133". 00 U116 et' na-n=xt al.LU be IWtod WiMe auUm r�_-.p.oetivo psrtles brxW W-And etflti7 tai to use by fto SWAM P634 A -° tten *onaeat at TkYMM. F. ft UW to #A! ., ties mc orvis"n tAw 4q ::� } Preto¢ a si'ltto: sow 1 _ . , V 6+:: ahQ3 be eAoclub to Myee4a° wovided tar in fu ;Loa 0 , m-A to Umtall. and ;: t e3r�#ais� Y each nclvAg of dAL a x• a z s' tar WZ+Uty oof VOW tta9�ms�•�ybV 3RVIM POW aid rMW �wl to __.4Lilisrg eAtd at., OM �yn�, st icy tee. %92%3 wltb=t SSW 1 19 1 m : to 980A City. um 3WW1 _. an - Ul the PWI lUm 4'=V the te#MPM4t14 Ot the r: ZRYs.::- : or said PO4nta C. All s'E f 'n L-7 is YiIks. it0 h = :+nvor vatm usasre a' if*Qtj,*n Ror CAD Al 1C2* Its rU d FAt� 0160- if C to s b8 ttw Star Cab aid U" is tLvallabI6 U; !. u Wtar WMM ag Mid On c �hFy 33 - +G li ; �i3r3 prov 44d f'Art hW# th&t if f of 4 I&rAs of =vim hgMUm�bove dated e d arA ate° shall be AVAL ble "t%4 or ZMXUF. to tN3oR: tea aorwil4e4 ;3iz. -f4 mt a-ull be BealRitalt ir. lieate and 00&P,"rs t eo# st`�sl be Mpadtod 1A escrow t f.% cat i=v&t etia�t v' as tAe p hereW staall 3 a Meet I! sisal i be F e" d th mrGIA peadir+g the a 3 by i MCR- to itir4ml.VU4 voters for m m of tie e,-exTz wd wrnalona of this ---r resection -rtt, ;JAd for tY* imduprAe of &ild bOrAft to flr"nce pr, t -filed voters or u-4-- alty shaal ro qwa s of thLS &greewn t A Or ei 1-Ift t)-ac n-�-;oglUgn for th of sald'—: 1957, 01` on J faLil to Ir-xbrlt SaId - ts V"IIMWdkd voters for &Vpvov41 dr-.,reject:cft L* Prevented frm 0MV671ft the u�-4t easewnts aforesaid f any nt- 1, Ujon ux^A UWrWjpM fhAS AVMWAMt GrA heraw Asti Of the conwfarma:01 depoo-Ited in said 034 thieref—,= aw returned to II V='-- :--," Uffltrd vote--:5 of mid-tity shiLU apprVie th or We z4oegmnt a.-4 shall appran Ww Anerpr(wided by law and vd fif wIthAn One you .:rcirl"s and I; n able tO award ead shall wn 4 Contruct ferr tbw-eorxvtrudtion orl.sald rev Sh&.11 not. be ted from wlr1 said cs 11410 to scab at the VQItlax bol9otmo -,tl I" ld this a&-je- ask oa -fie= -,�x Ile *1 -3 unreur" dou A.kutj,-Qrtmd And NrV.?MT BLAM ki-ILE O&UM" tAi*=--7. te� be e_, its w1alau u by ita --zloUtIve body . A3 TO FOK-41 E41k. m a Dated 1957. 6 Clerk 2. DRAFT NOT FOR PUBLICATION CITY OF NEWPORT BEACH PROPOSED RESERVOIR PROJECT INTRODUCTION The City of Newport Beach proposes to construct a 600 -acre- foot storage reservoir north of Corona del Mar, to construct trans- mission mains from the reservoir to the existing distribution system, and to eliminate existing deficiencies in the distributing system. The city has called an election for May 28, 1957, at which time a pro- posal to authorize issuance and sale of $1,780,000 of city general obligation bonds will be submitted to the voters. The project was designed by James PI. Montgomery, consulting engineer of Pasadena. Cost estimates for the reservoir and transmission lines are based on reports by Mr. Montgomery, and costs of local faci- lities have been estimated by J. B. Webb, Public Works Director of Newport Beach. Stone & Youngberg, Municipal Financing Consultants, have been employed by the City of Newport Beach to analyze the financial feasi- bility of this project, to estimate its costs to taxpayers and users, and to analyze various methods of paying those costs. Various proposals have been made for construction of a reser- voir large enough to serve areas in addition to the City of Newport - 1 - Beach. The original study made by Mr. Montgomery for The Irvine Com- pany in August 1956 suggested the possibility that the reservoir be built to serve all areas in the Coastal Municipal Water District. After extensive discussion, a proposal to finance a 1,200- acre -foot reservoir jointly by the cities of Newport Beach and Costa Mesa was made, and a joint powers agreement between the two cities was drafted. The proposed joint powers agreement would have given Newport Beach rights to 51 per cent of the storage capacity of the reservoir and would have charged Newport Beach with the responsibility for operating the reservoir. Because of the difficulty in getting complete agreement between the two cities primarily with respect to the status of a disputed annexa- tion, the Nei -mort Beach City Council decided on March 29,1957 to proceed with the development of a 600- acre -foot storage project without financial participation of any other water agency. This 6CO- acre -foot project is the one under consideration in this report and which will be voted on at the election of May 28. - 2 - I • • DESCRIPTION OF THE PROJECT The proposed storage project is to consist of a 600- acre -foot reservoir to be located on The Irvine Company lands in the San Joaquin Hills north of Corona del Mar, occupying a portion of Blocks Nos. 92, 93, 96 and 97. The Irvine Company has agreed to contribute the land required for the reservoir in exchange for the right to use water from the reservoir under certain limited conditions. In connection with the reservoir construction an existing 36 -inch pipeline of the Metropolitan Water District will have to be relocated at the reservoir site and a 36 -inch bypass will be constructed at the existing terminal reservoir of the Metropolitan Water District. A 600- acre -foot reservoir would require approximately 40 acres of land and would be designed with a mwzimum water surface eleva- tion of 302.5 feet. The reservoir storage is expected to provide a maximum of five dayst water supply with ultimate development of the city; this would provide water for the city in the event of an inter- ruption in service from MWD. The reservoir is also designed to permit deliveries to the city from MID during off -peak times, thus effectively increasing the ability of the city to utilize the MID supply. The construction of transmission mains from the reservoir includes 11,000 feet of 30 -inch pipeline from the proposed reservoir to Coast Highway and 1,600 feet of 15 -inch pipe. Existing deficiencies of the cityts water system were studied by the City Engineer, and he estimated that the cost of eliminating - 3 - these deficiencies would be $250,000. The following is a summary of the estimated project costs: Reservoir 9$'1,221,500 Transmission mains 289,500 Elimination of existing deficiencies 250,000 Allowance for incidental expenses 19.000 Total: $1,780,000 The costs above include an allowance for engineering and con- tingencies. The allowance for correction of local system deficiencies can, in addition, be adjusted if more funds are required for the reser- voir and tran&- ssion mains. EXISTING WATER SUPPLY The City of Newport Beach obtains its water from two sources: wells and the Metropolitan ldater District. 1,11D supply is delivered at the Corona del Mar reservoir and the so- called Fernleaf meter. Some water received at the Fernleaf meter is sold at wholesale to The Irvine Company, the Irvine Coast Country Club, and Newport Harbor Irrigation District. Table 1 shows the annual production of water from city wells and purchases from MWD from 1944 to the present. As shown in the table, all water was produced from wells prior to 1949, deliveries at Corona del Mar reservoir began in 1949, and deliveries at the Fernleaf meter began in 1953• The city now receives more than one -half its requirements from IUD. Table 2 presents detailed data on production and purchases in 1955, 1956 and 1957. - 4 - 0 0 CITY OF NEWPORT BEACH WATER PRODUCTION AND PURCHASES BY YEARS 1944 - 1956 ACRE - FEET (a) 20.29 MWD delivered for Scout Jamboree (b) July - Dec. only (c) June - Dec. only (d) MM official Nov. 29, 1948; Irvine Nov. 26, 1948 Sold to Irvine Company and Newport Haz*er Irrigation District. Not included in totals Metropolitan Water District Corona Fernl.eaf Meter Total City Year City Wells Del Mar Non- Cit: ✓* City Productions 1956 1979.66 1322.70 313.30 810.25 4112.59 1955 1857.76 929.70 371.16 969.09 3756.55 1954 1670.43 840.82 354.04 1034.88 3546.13 1953 1838.19 1140.18(a) 221.47(b) 531.06(b) 3509.43 1952 1926.65 1041.19 2967.84 1951 2038.96 886.61 2931.99 1950 2109.33 505.95 2615.28 1949 2326.04 295.07(c) 2621.11 1948 2502.28 (d) 2502.28 1947 2568.99 2568.99 1946 2239.06 2239.06 1945 1894.97 1894.97 1944 1842.01 1842.01 (a) 20.29 MWD delivered for Scout Jamboree (b) July - Dec. only (c) June - Dec. only (d) MM official Nov. 29, 1948; Irvine Nov. 26, 1948 Sold to Irvine Company and Newport Haz*er Irrigation District. Not included in totals CITY OF NEWPORT BEACH WATER PRODUCTION AND PURCHASES BY MONTHS 1955 - 1957 ACRE - FEET Jan. 91.63 103.70 2.36 33.20 228.53 Feb. 79.71 104.70 3.74 37.46 221.87 # Sold to Irvine Company and Newport -Harbor Irrigation District. Not included in totals Metropolitan Water District Total Corona Fernleaf Meter City 1955 City Wells Del Mar Non -q -k City Production Jan. 122.69 44.30 2.38 31.25 198.44 Feb. 124.28 37.80 7.45 37.13 199.21 Mar. 134.77 76.20 17.24 62.15 273.12 Apr. 142.65 82.50 30.94 87.03 312.18 May 138.06 75.70 28.11 66.78 280.63 June 153.58 92.30 43.33 99.10 344.98 July 191.72 105.60 78.04 138.12 437.04 Aug. 212.32 113.20 76.41 161.25 486.77 Sept. 200.36 99.20 50.54 108.15 407.71 Oct. 162.31 79.80 23.87 81.29 323.40 Nov. 143.42 64.50 7.61 61.99 269.91 Dec. 131.40 57.60 5.24 34.16 223.16 1857.76 929.70 371.16 969.09 3756.55 1956 Jan. 149.51 61.60 7.03 30.71 241.82 Feb. 126.40 66.60 7.40 28.96 221.96 Mar. 130.70 105.60 25.31 75.04 311.34 Apr. 126.42 92.40 18.36 44.90 263.72 May 167.42 113.40 36.30 69.54 350.35 June 186.29 123.50 46.70 105.23 415.02 July 226.42 125.70 40.83 127.38 479.50 Aug. 232.80 100.60 29.97 103.95 437.35 Sept. 212.09 145.20 32.47 55.50 412.79 Oct. 150.27 130.30 26.35 58.41 338.97 Nov. 146.72 131.00 24.85 61.17 338.89 Dec. 124.62 126.80 15.73 40.46 300.88 1979.66 1322.70 313.30 810.25 4112.59 Jan. 91.63 103.70 2.36 33.20 228.53 Feb. 79.71 104.70 3.74 37.46 221.87 # Sold to Irvine Company and Newport -Harbor Irrigation District. Not included in totals 9 0 Water from MD is purchased through the Coastal Municipal Water District at a price of $20 per acre -foot, and the price will be increased to $22 on July 1, 1957. Newport Beach is at the end of the Orange County feeder of MID and has very limited local storage facilities. The combined storage of the three reservoirs is 4,525,000 gallons or approximately 13.9- acre -feet. The capacity of the Corona del Mar reser- voirs is 10660,000 gallons - slightly over 5 acre -.feet - with the remain- ing storage capacity of 8.9 acre -feet at Reservoir No. 2 northwest of Newport. The 600 -acre -foot reservoir project is being undertaken to augment this limited present storage capacity. The Metropolitan Water District is constructing facilities to provide additional water for the Orange County feeder line. The present line can deliver about 40,000 acre -feet per year if operated continuously at full capacity,and the new facilities will nearly double the amount of softened water that can be delivered. A second Orange County feeder line is under construction in certain sections, and plans are now being made for constructing remaining portions of the lower feeder with com- pletion within the next two years. Upon completion of these facilities, a very flexible system will be available to supply water needs in Newport Beach and surrounding areas. These new facilities will not lessen the need for local storage for regulating peak demands and for emergencies in case MD service is interrupted. - 7 - 0 0 PROPOSED METHOD OF FINANCING The proposal to be submitted to the voters of Newport Beach on May 28, 1957 will provide for the authorization of $1,780,000 of general obligation bonds. Financing the project by general obligation bonds appears to be the most feasible and the most economical of the possible methods available. With general obligation bonds the full faith and credit of the city are pledged to payment of interest and principal, and the city is obligated to levy taxes necessary to meet these payments. Under general obligation bond financing other sources of revenue, such as from the sale of water, can be used to pay these costs. This offers the maximum flexibility in the payment of the bonds. General obligation bonds require approval of two- thirds of those voting in an election called for the purpose of authorizing the bonds. At the time of issuance the total amount of bonds, together with other general obligation bonds then outstanding, cannot exceed 15 per cent of the cityPS assessed valuation. General obligation bonds offer the best security to the ulti- mate purchaser and can usually be sold at lower interest rates than other types of bonds, with resultant savings to the issuer. The bonds may be scheduled to mature serially in fixed annual amounts over a period not to exceed 40 years. Annual principal payments may be deferred for not more than ten years in the case of revenue- producing projects. Bonds may be made callable prior to maturity at the option of the issuer. - B - • • The City of Newport Beach has relatively a very small amount of general obligation bond indebtedness. As summarized in the table below, total bonded indebtedness of the city is $121,000. This represents about tiro- tenths of one per cent of the cityfs valuation. Original Issue Principal Outstanding Date Maturing Years 4 -1557 050,000 Water 10 -1 -25 w10,000 57 -60 40,000 500,000 Jetty 3 -1 -27 15,000 58 -61 60,000 130,000 Pier 1 -1 -40 7,000 58 -60 21.000 $'121,000 0.2037% of assessed valuation. The City of Newport Beach has nearly $'9,000,000 of general obligation bonding capacity based on the 1956/57 assessment roll of the city. With so few bonds outstanding the city can readily sell $1,780,000 of bonds for the reservoir project without restricting the city's ability to finance other municipal improvements through the sale of additional bonds. We believe that a reasonable amortization schedule for the re- servoir project bonds would provide for their retirement over 25 years. While this is considerably less than the useful economic life of the re- servoir, we believe a longer term could possibly result in higher interest rate and certainly would require the city to pay interest on the bonds for a longer period of time. If the bonds were retired over 25 years with equal annual total payments of interest plus principal, the estimated total cost for bond service would be approximately $'114,000 per year if an interest rate of 4 per cent is assumed. The annual interest rates to be paid will be deter- mined by competitive bidding at the time of sale. The interest rate of m� 4 per cent represents a reasonable estimate based on conditions now existing in the municipal bond market. A retirement schedule based on approximately equal annual pay- ments over 25 years is presented in Table 3. Lengthening the term of the bonds to 30 years would reduce the required annual payments (interest plus principal) to about $104,000, assuming the same 4 per cent interest rate. Whether or not this loner term should be used will be a policy decision of the city to be mace at the time the bonds are sold. We believe that the 25 -year schedule is preferable and have used it in our analysis. - 10 - WATER DEPARTMENT OPERATIONS The municipal water department of the City of Newport Beach supplies water to almost all water users within the city. All services are metered and bills are rendered bi- monthly. The following rate sche- dule applies to all water deliveries: Meter Min. Quantity Monthly Size (cu. ft.) Charge r 3/4" 700 02.55 to 1,000 2.91 1 -1/2" 1,3CO 3.27 210 1,600 3.63 321 1,800 3.87 Additional water at 12¢/100 cu. ft. ti Billing is on a bi- monthly basis although the rates and quantities shown are monthly. As can be noted in the schedule above, the rate structure is very simple. The basic minimum charge is $2.55 per service per month with a charge of 12 cents per 100 cu.ft. for all water used in excess of 700 cu. ft. per month (1,400 cu. ft. in a two - month period.) The minimum charge for meters larger than the 3/4 -inch size is higher but the quantity of water allowed for payment of the minimum charge is likewise increased. The minimum charge is 12 cents higher for each 100 cu. ft. per month allowed over the 700 cu. ft. minimum quantity. Meter rates were increased by Ordinance 793 adopted August 13, 1956. This ordinance increased all rates by $1.25 per month. The pre- vious rate for 3 /4-inch meters was ?1.30 per month. The new rates made - 12 - no change in the 12 cents per 100 cu.ft. charge for water in excess of the minimum. The city reported a total of 8,758 active service connections during the billing period of January /February 1957. An estimated 250 additional services were connected but shut off during this period and were not charged. Table 4 presents a summary of water services consump- tion and charges billed by the city water department from 1952 to the present. It will be noted that consumption is highest during the late summer months, represented by the September /October billing period, when it is approximately twice that of comparable mid- winter periods. Table 5 presents an analysis of water use by customers for the 1955/56 fiscal year. The table classifies bi- monthly use for all users during the year. As can be noted from the table, 42 per cent of the individual bills rendered during the year did not exceed the minimum charge, and the 42 per cent of the bills in this category accounted for only about 11 per cent of total water consumption. On the other hand, the largest 10 per cent of the water -use blocks accounted for 41 -1/2 per cent of the water consumption and the largest one per cent used almost 20 per cent of the water. Table 6 presents a summary of receipts and disbursements of the municipal water department for 1953/54 to 1955/56 and the budget estimate for the current 1956/57 fiscal year compared with comparable data for the previous year. The 1955/56 expenditures in the two tabu- lations differ slightly because of different methods of presenting certain items. - 13 - 0 _4 CITY OF NEWPORT BEACH SUMMARY OF WATER SERVICES, CONSUMPTION, AND CHARGES Billing Total Consumption Period Active Services 4ruh;n Fget) Charges 1957 Jan-Feb 8758 19,296,700 56,907 1956 Nov -Dec 8767 23,706,400 62,041 Sept -Oct 8710 31,971,400 47,593 July -Aug 8648 26,340,500 35,382 May -June 8575 20,138,500 35,495 Mar -Apr. 8460 16,451,600 31,945 Jan-Feb. 8458 17,206,200 32,357 1955 Nov -Dec. 8488 23,571,700 38,778 Sept -Oct. 8473 32,646,600 47,601' Jul -Aug. 8360 24,503,500 42,371* 1955 -56 8469 134,518,100 238,613 1954 -55 8338 129,748,900 223,426 1953 -54 7956 122,267,600 214,223 1952 -53 7601 109,687,600 205,012 * Sewer reported to Sept. 1955• Not included in these tabulations. i t., • CITY OF NEWPORT BEACH CONSUMER USE TABULATION (For the Fiscal Year 1955 -1956) - st me Bi -Mont s Consumption Bi- nths Consumption i Block Number of Per Cent 100 Per Cent 100 cu. ft. Customer of Accumulated Cu. Ft. of Accumulated j Units Bi- Months Total Per Cent Units Total Per Cent 0 j 2694 5.27 5.27 0 I 0 -� 0 1 -2 28" 5.57 10.84 4201 .32 .32 3 -4 2439 4.77 15,61 8518 .64 •96 5 -6 2271 4.50 20.11 12492 1 •95 1.91 7 -8 2454 4.86 24.97 18409 1.39 3.30 9 -10 I 2938 5.76 30.73 27917 I 2.10 5.40 j 11 -12 I 2905 5.69 I 36,42 33400 2.52 I 7.92 I 13 -14 2997 I 5.87 42.29 40453 j 3.06 10.98 15 -16 2852 5.58 47-.-g% 44136 I 3.34 14.32 17 -18 2845 5.57 53.44 49744 3.76 18.08 19 -20 2627 5.15 58.59 51273 I? 1 3.87 21.95 21 -22 2490 4.90 63.49 53477 I 4.04 25.99 23 -24 1 2075 4.06 67.55 48746 ! 3.68 29.67 25 -26 1 1973 3.88 71.43 50292 I 3.30 33.47 27 -28 1765 3.52 74.93 48525 •67 37.14 I 29 -30 1593 3.15 78.10 46990 3.55 40.69 31 -35 2796 5.46 83.56 91875 6.94 47.63 36-41 2432 4.76 88.32 93107 7.04 54.67 42 -51 2389 4.69 93.01 109851 8.30 62.97 52 -74 2063 3.97 96.98 124954 9.44 72.41 75 -99 677 1.26 98.24 57639 4.36 76.77 100 - 149 424 .767 99.007 51110 3.86 80.63 150 -199 145 .293 99.3 24925 1.88 82.51 200 -297 109 .224 99.524 26275 1.99 84,50 300 -399 64 .128 99.652 22400 1.69 86.19 j 400 -499 28 .042 99.694 12600 .95 87.14 500 -999 87 .179 99.873 58050 4.38 91.52 1000 -1499 31 .064 99.937 37650 2.85 94.37 '500 -1999 13 .027 99.964 22375 1.69 96.06 2000 -2!,99 6 .012 99.976 12750 1 .96 1 97.02 i 2,10- ?939 6 .012 99.988 1 lu500 1.24 9'3.26 3 00 -3999 4 .008 99.996 1 14000 I =.06 9?.32 I 4000 -4999 2 51038 .004 100.00 100 9000 1323664 .68 100.00 100. I TOTALS • CITY OF NEWPORT BEACH Water Department Receipts and Disbursements Receipts Sale of water Connection charges Miscellaneous Total Transfers to water fund Total Receipts and Transfers Disbursements 1955Z56 $240,708 19,000 1,839 $261,547 6,763 $268,310 • 1954/51 1950/5 $224,190 $214,295 12,126 13,577 1.332 18.295(a) $237,648 $246,167 Total Disbursements 1,936 $237,648 $248,103 Office administration $ 22,359 $ 20,587 Meter reading and maintenance 9.313 7,963 Distribution and acquisition of water 80,653 65,634 Maintenance of lines 59,753 53,163 Corporation yard expense 35,.339 24.965 $ 24,230(b) 7,581 62,916 42,672 34,367 Sub -total Expense $207,417 $172,312 $171,766 Capital Outlay 3_ 1.047 238, -464 40 895 213,1.7 _ _51.60_8 $223.374 Total Disbursements Transfers to other funds 9.286 30,280 60.336(c) Total Disbursements and Transfers $247,750 $243,447 $283,710 Excess of Receipts over Disbursements Exclusive of transfers $ 23,084 $ 24,480 $ 22,794 Including transfers 20,561 ( 5,800) ( 35,607) Fund balance beginning of year $ 30,639 $ 36,439 $ 72,045 Fund balance end of year $ 51,200 $ 30,639 $ 36,439 (a) Includes $15,325 on 30" water line. (b) Includes cost of bookkeeping machine $3,100. (c) Inventory purchases less requisitions. All figures rounded to nearest dollar. Source: Annual audit reports. 0 r f3 CITY OF NEWPORT BEACH Water Department Budget 1955-56 1956 -57 INCOME $261,547 $375,730 EXPENDITURES Administration 29,955 36,255 Meter reading and maintenance 8,500 12,784 PRODUCTION AND PURCHASE Pumping plant 5,000 5,600 Booster plant #1 12,100 12,212 Booster plant - CDM 350 650 Booster plant — Newport Heights 100 100 Purchase and treatment 51.400 66,400 $ 68,950 $ 84,962 DISTRIBUTICN, MAINTENANCE AND REPLACEMENT OF LINES $ 64,356 $ 63,580 NEW WATER SERVICE $ 21,300 $ 20,736 CORPORATION YARD $ 22,300 $ 22,300 EQUIPMENT $ 15,700 $ 15.750 $231,061 $256,367 Prior to the rate increase of 1956, water department receipts exceeded disbursements by about 120,000 per year, exclusive of transfers. When inter -fund transfers were considered, the water system operated at a deficit for two of the past three years. The new rates will produce an estimated $360,000 per year from water sales. This assumes 8,758 connections at $30.60 per year and the sale of 76,600,000 cu. ft, at 12 cents per 100. The latter figure is based on the 1955 /56 water usage in the city. When miscella- neous income from the water system is added, total gross income is estimated at about $375,000. This produces a surplus of about $119,000 over estimated expenditures for maintenance, operation, and capital out- lay in the current 1956/57 fiscal year. The conclusion which can be drawn from these figures and a review of estimated project costs is that annual principal and interest requirements of the $1,780,000 bond issue can be paid from existing water revenues without an increase in rates although the margin of safety is small. Since a substantial amount of the bond funds will be expended to eliminate existing deficiencies in the system, a reduction in maintenance costs and annual capital outlay can be expected. In addition, the trend of growth in number of customers and water use is increasing. Unless costs increase sharply or income declines unexpectedly, available revenues of the water system appear sufficient to pay all bond interest and principal. - 17 - ALTERNATE SOURCES OF REVENUE As demonstrated above, Newport Beach will not find it essential to increase water rates in order to retire the 41,780,000 reservoir pro- ject bond issue. As a matter of policy, the city may desire to obtain more revenues in order to have a larger margin of safety. Consideration should be given to alternate sources of revenue for water operations and to a review of the existing water rate structure. Since the proposed bonds are to be general obligations of the city, they may be paid in part from taxes, and the authorization of general obligation bonds carries with it authorization to levy taxes, if necessary, to pay interest and principal. The assessed valuation of the City of Newport Beach on the 1956 /57 assessment roll is $59,383,040. This valuation is made up of the following components: CITY OF NEWPORT BEACH ASSESSED VALUATION Local Secured Roll Land and mineral rights $19,062,720 Improvements, trees and vines 28,701,420 Personal property 2,410,810 Sub Total T50,174,950 Less exemptions 1.607.680 Total Utility Roll Total Secured Unsecured Roll Land 154,940 Improvements 1,284,710 Personal property 7.007,210 Sub Total N Less exemptions 134,400 Total GRAND TOTAL: - 18 - $48,567,270 2.503.310 51,070,580 5 8 12, 60 •.059, 383, 040 • • The total annual costs of the bond issue (principal and interest) could be paid from a tax of about 19.2 cents per $100 on the present assessed valuation if the city were to choose to pay them en- tirely from this source. This compares with a total city tax rate of $1.24 in the current fiscal year. Were the city to decide to pay all or a portion of bond service costs from property taxes, certain possible inequities would exist. Several areas of the city are served by other water agencies rather than by the municipal water system. The assessed valuation and approximate number of services in other water agencies is as follows: PORTIONS IN NEWPORT BEACH Number of Assessed Services Valuation Newport Heights Irrigation District 773 $3,433,720 Santa Ana Heights Mutual Water Co. 100 93,600 Newport Mesa County Water District* - 51.630 Total 873 $3,578,950 Per cent of total city 9.069 6.03% # The disputed Newport Beach -Costa Mesa annexation is in the Newport -Mesa District. If a city -wide tax were levied to pay the bonds, these users and property owners would be taxed but would not be benefited directly. The problem would be most serious in the Newport Heights Irrigation District, where an assessment on land is levied in addition to the charge for water. The present assessment is $1.00 per $100 assessed valuation of land only. Rather substantial tax rates for water purposes are already being paid by property owners in Newport Beach. The following tax rates - 19 - 0 0 apply for Metropolitan Water District and the municipal water districts in which Newport Beach is located. Assessed MWD Tax Coastal Muni- Valuation Rate cipal Tax Rate COASTAL MUNICIPAL WATER DISTRICT Original area > 793429990 $0.21 $0.0058 Newport Beach City 4991749120 0.25 0.0068 Irvine Annex 2,782,720 0.25 0.0058 Fairview Farms Annex 11080 0.22 0.0058 ORANGE COUNTY MUNICIPAL WATER DISTRICT w 82,130* x'0.33 - * 139240 not in Metropolitan Water District. On the basis of these tax rates approximately v150,000 per year is being paid to h&7D and Coastal Municipal Water District. The fact that such a relatively large amount is already being derived from taxa- tion for water purposes in Newport Beach argues strongly against adding additional taxes to pay off city water bonds. A principal argument for use of taxes to pay for a portion of the project is that this represents a means by which owners of bare land and other non -water users can contribute to the cost of the project. Since city taxes are levied on all property, the amount of taxes which would be paid by owners in these non - water - using categories would be very small, and the objective of getting their participation would not be achieved. The city might find it preferable to examine the possibilities of imposing standby or other charges to be paid by owners of land where city water lines are available but not being used. Such standby charges are frequently used by irrigation districts and some similar arrangement may be possible for the city. - 20- • 0 The cityTs present water rate schedule produces approximately $360,000 per year of which about 75 per cent is derived from application of the minimum bi- monthly charge. Whether or not this is an appropriate proportion to be applied after bonds are sold can be considered by an analysis of water expenditures. The following tabulation allocates 1956/57 budgeted expenditures plus an allowance for bond service among three classifications: items independent of quantity and water used, items variable with quantity, and overhead. Maintenance and other expenses of distribution have been divided arbitrarily with one -half each assigned to independent and variable classifications. Overhead has been assigned in proportion to the ratio of other costs. Independent of Quantity ALLOCATION OF EXPENSES 1956 -57 BUDGET PLUS BOND SERVICE Variable Bond Service $114,000 Production & New Services 1/2 Distribu- 20,736 purchase 1/2 Distribu- 84,962 tion mainte- tion mainte- nance 1 0 nance 31.790 1 ,52 Overhead Overhead allocation 51.208 217,734 allocation '6_,'1 15 3,633 Per cent 58.8% 41.2% Overhead Administration $49,039 Corporation yard 22,300 Equipment 15.750 687,089 The tabulation shows 58.8 per cent of water department costs as independent of quantity. Based on an estimated sale of 133,000,000 cu. ft. per year, variable costs amount to about 11 -1/2 cents per 100 cu.ft. These variable costs are about 20 cents per 100 cu. ft. for the approximately - 21 - 0 0 76,600,000 cu. ft. of water sold in excess of bi- monthly minimum quantities. These figures indicate that if additional revenue is needed or desired, it should preferably be obtained from an increase in the quan- tity rate for water. If rates are to be revised without increasing the total income, an increase in the quantity rate and corresponding re- ductions in the minimum might be considered. An advantage of deriving substantial income from minimum charges is that this income is not variable and may be relied on as firm income throughout the year. An increase in the quantity rate o& 15 cents per 100 cu. ft. with the present minimum would raise an estimated $23,000 in additional revenue per year. Another suggested schedule would involve reducing the minimum quantity to 500 cu. ft. per month (1,000 cu. ft. for two months) and re- adjusting the minimum and quantity rates. With the 15 cents per 100 cu. ft, quantity rate the minimum meter rate could be reduced to about $2.15 per month. If additional income is desired a smaller reduction in the minimum can be made. The following tabulation compares two suggested rate structures with the present schedule. One of these pro- vides for approximately the same total income as at present, while the other produces about $26,000 more. Minimum rate Minimum quantity Quantity rate Minimum charges Quantity charges Total charges $2.55 700 cu.ft. $0.12 $26$,000 92,000 060,000 - 22 - $2.15 500 cu.ft $0.15 $226,000 135.000 $361,000 $2.40 500 cu.ft. $0.15 $252,000 135.000 $387,000 NOTICE OF ELECTION Notice is hereby given that a special munici- pal election will be held in the City of Newport Beach on the 28th day of May, 1957, for the purpose of sub- mitting to the qualified voters of said city under Section 420 of the Charter of the City of Newport Beach a certain contract to run for a longer period than twenty - five (25) years. The polls will be opened between the hours of seven o'clock A.M. and seven o'clock P.M. virujulerk n Dated z 9 1957. s1SVLMIN moo - R LUTION Or -: CoURCZL OF Tug CITY or N$i/POR? R� CALIFMU Z THAT M P=JC NWAW AND NBCZUITY DEPAND TO ACQUi;SITM. AND CRB18?AiACT ON OF A CMAIN WJNZ I- PAt ZNPW AND NAQ tIIDDIN4$ RSLATM TTO. The City Coil of rite City of Newport Beach, California, DM HMOT it WLVB, OXTXMtDM AND OR= as follows a SsetIon.l. That the public interest mnd. necessity demand the aoquisltisn and construction by the City of Newport Beach of a certain wmloipal improvement . to wit: a eater stases reservoir. with water transsiaaian 11mm and Appurtenans" and appurtenant woarlts, water pipelines and other works for the st*nW,.transmission and distribution of water, including tits Acquisition of all lands, case - aunts, Pips, mss, valves, fittings, meters, waohinsry, apparatus scam ouwr property nece#"" therefor. That the estimated cost of said spaniel- pal. UWrovement is tas ease of s 1� ?h-4, " Section 2. That said eanicipal Improvement I . 0 • requires om expeciditure pestar th= the mamt alloweOI for it by the wma tax Ion& 5"Uon 3e That said 1wpr*V*m1Wt Is necessary "d conv*nlant to Wry �,Ut t4e -1115�eCtsg purp-0,son anci --l' tt City bl Xaw,ort !gach* ieya. U114 'q �"_ day 0 of �N�. 1 1957* DORA O. HILL 11037 '777 tilm Utry, U Now out 50t.chs call.rtvr4a MARGEFY SCPROUDER city clerk of the city of ikacht C4.lil�Ornla t''ity !:-i"k of Vie ';Uty oft li-L4ta-y cg��Tlz:V'x VA?!t U�,o' n"te.oir,:I 440tted b�.; ti."i`- t4'ty c*wicll of Suill. Qlt„v an", Was dPpr;)'%h"d W-" tt-�-4' "f stLA".' 'City at un wl"Jourtied ti4 -'-It- Louvell tol� k. Ort tne Z?11� i�t�Y "archp I'V579 bn:-� I'll It was 60 a"�:"lptad 44 followaz id tO�ilt C Z. j, MARGEry SCHROODER My 74m4 OT Z17 C1 tt eiaw- ,port city tpw Ity or 'kk-l"ill Vlzut V.v, al'ovok -rareg,-,inig is as ruii, truo "d bc corcr rect c-D}�y -of t t 4(4?3* and ttet' �Af, same �aa -.ot amtr.ctsd ur repaa-ied* 30 MARGERY StHROUDER clt� 71774 -7 ITTC - N 'V,ze.vvar% Beach, C411fbnim RESOLUTION N0. b i RESOLUTION OF WE CITY COUNCIL OF THE CITY OF NEWPORT BEACH, CALIFORNIA, ORDERING, CALL AND PROVIDING FOR A SPECIAL ELM MON TO BE HELD IN SAID CITY ON THE 28tH DAY OF MAY, 1957, FOR THE PURPOSt OF SUBMITTING TO THE QUALIFIED VOTERS OF SAID CITY A PROPOSITION FOR THE APPROVAL OF A CERTAIN CONTRACT AND CONSOLIDATING SAID ELECTION WITH THE SPECIAL MUNICIPAL BOND ELECTION TO BE HELD IN SAID CITY ON SAID DATE. The City Council of the City of Newport Beach, California, DOES HEREBY RESOLVE, DETERMINE AND ORDER as follows: Section 1. That pursuant to direction of this City Council a certain contract with The Irvine Company has been drafted. Attached herewith marked Exhibit A. and made a part hereof, is a copy of said contract. This City Council has heretofore approved said contract and ordered it executed. Section 2. That a special election be held and the same is hereby called to be held in the City of Newport Beach on the 28th day of May, 1957, for the purpose of submitting to the qualified voters of said city under Section 420 of the Charter of the City of Newport Beach said certain contract to run for a longer period than twenty -five (25) years. Section 3. That if said contract is approved by a majority of the voters voting on the question at said election said contract shall be valid and binding.. Section 4. That the polls for said election shall be opened said election a said time until when said polls in Section 5734 of California. at seven o1clock A.K. of the day of id shall remain open continuously from seven o•oieak P.K. of the same day, shall be closed, except as provided of the Elections Code Of the State Section 5. That on the ballots to be used at said special election, in addition to any other matters required by law, there shall be printed sub- stantially the following: RARE CROSS +) ON BALLOT ONLY WITH RUBBER STAMP: KV= WITH PEN wit . (ARMTEK BALLOTS MAY BE.OARKED WITH PEN AND INK OR PBNCIL.) INSTRUCTIONS TO VOTERS To vote on any measure, stamp a cross ( +I In the voting square after the word "YES or after the word "NO ". All marks except the cross ( +) are forbidden. All dis- tinguishing marks or erasures are forbidden and make the ballot void. If you wrongly stamp., tear or deface this ballot, return it to the inspector of election and obtain another. On absent voter ballots marks a croas ( +) with pen or pencil. 2. Section 6. A cross ( +) placed in the voting square after the word "Y29" in the manner hereinbefore provided shall be counted in favor of the adoption of the proposition. A cross ( +) placed in the voting square after the word *NO" in the manner hereinbefore provided shall be counted against the adoption of the proposition. Section 7. That the special election hereby called shall be and is hereby ordered consolidated with the special municipal bond election to be held in said city on Tuesday, the 28th day of May,, 1957, and such elections shall be held In all respects as If there were only one election, and only one form of ballot shall be used thereat. The precincts, polling places, and officers of election for this special election shall be the pans as those provided for said special municipal bond election, and said precincts, polling places and officers of election are set forth in the ordinance providing for said special municipal bond 3• : PROPOSITION NO. 2 — THE a s s s NEWPORT BEACH, THE IRVINE COMPANY s s t s CONTRACTS Shall that certain s s t : contract between the City of : YES : s s Newport Beach and The Irvine t t S s Company, which was approved by a : a s the City Council of the City of s S : : Newport Beach, , s t S s 1957, and is onNrft in to t office of the City Clerk of the t t s : City of Newport Beach, and which S t : : is for a to r period than : NO a t t twenty -five (25) years, be t s : : approved? Section 6. A cross ( +) placed in the voting square after the word "Y29" in the manner hereinbefore provided shall be counted in favor of the adoption of the proposition. A cross ( +) placed in the voting square after the word *NO" in the manner hereinbefore provided shall be counted against the adoption of the proposition. Section 7. That the special election hereby called shall be and is hereby ordered consolidated with the special municipal bond election to be held in said city on Tuesday, the 28th day of May,, 1957, and such elections shall be held In all respects as If there were only one election, and only one form of ballot shall be used thereat. The precincts, polling places, and officers of election for this special election shall be the pans as those provided for said special municipal bond election, and said precincts, polling places and officers of election are set forth in the ordinance providing for said special municipal bond 3• E election, to wit, Ordinance No. 819 , adopted 'W , 1957, and entitled "An ordinance of the City of Newport Beach, California, ordering, call- ing, providing for and giving notice of a special munici- pal bond election to be hold in the City of Newport Beach on the 28th day of May, 1957, for the purpose of submitting to the qualified voters of said city a proposition to inour bonded indebtedness by said city for a certain municipal improvement." Section 8. That except as otherwise provided In this resolution, the election called hereby shall be held and conducted as provided by law for other municipal elections in said city, Section 9. That the City Council of said City shall meet at its usual place of meeting in the City hall on Tuesday, the 4th day of June, 1957, at 7130 o'clock P.M.,, of said day, and proceed to canvass the election returns and declare the result of said election. Section 10. That the City Clerk shall publish notice of this election substantially in the form set forth in Elections Code 9751 (except that the officers shall be omitted) once in the NEWPORT HARBOR ENSYM, a newspaper of general circulation published and circulated In said city, not later than the fifty- fourth (54th) day before said election. Not later than forty (40) days prior to said election said City Clerk shall publish in said newspaper a notice substantially in the form provided in Elections 4. Code Section 9754.1, except that said precincts, polling places and election officers shall be referred to by reference as ast forth in this resolution. Said City Clerk shall publish in said news- paper at. least twice before the day of election a notice substantially in the form required by Elections Code Section 9755, the synopsis to be the ballot proposition herein set forth. Said notice shall also contain the contract attached hereto as Exhibit A. Section 11. ftis resolution shall take effect upon its adoption. ADOPY'Bi>s SIGNED AND APPROVED this •t y tt, day of V�\ I <;�_ , 1957. ATTEST: MARGERY SCHRQUDER city clerk or e city or Newport Beach, California 5. DORA G. HILL Mayor o the City or erpor Beach, California 0 0 STATE OF CALIFORNIA COUNTY OF ORANGE sa. CITY OF I, MARGERY SCHROUDER , City Clerk of the City of ewpor , Callrornia, DO HEREBY CERTIFY that theforego ng resolution was duly adopted by the City Council of said city.and was approved by the Mayor of said city at a4` regular meeting of said City Council held on day of 1$T and that it was so adop a as follows: AYES: Councilmen.( NOES: Councilmen ABSENT: Councilmen u L_ (SEAL) MARGERY SCHRQUDER City Clerk of the City o Newport beach, California STATE OF CALIFORNIA COUNTY OF ORANGE as. CITY OF ))) I, KMORRY SCHROUDER , City Clerk of the City of N w t Be h a ornia, DO HEREBY CERTIFY that e a ove and foregoing is a full, true and correct copy of Resolution No. N , and that the same has not been amended or repealed. DATED: n1 n...x, � • I , 19SL• MARGERY SCHROUDER (SEAL) City .. ._ y p Newport Beach, California 6. AMMON x5t 2 WNMRWp the" a Wa- been dti.ly 'Prabonted to the City 31 Council or the eXty, of Newport Beach a mrtaln P&veec-ont HV, r4w. 4 1i oeteen the MW of KevWt ft&ah and The Irvlw odddt "W Irvum a0vaP4 &or"* to:.ZrMt and convey to 3&14 asty awtain land ebe a re."rmu Site 4nd 0-13amemts for P40 Um 7 ji and appurteoAams'.therato up3n the terzne Lrki caddi time owtaim*C In Wd. J eewn-tj and 9 1 "�VSRW.# Ulm �-`tv Council has �%eretofavq considered vi 10 it tez&,,% and eanditiam of said. agmemen L 4md said term aW wnto, ditiom are rem sole and e4dtable; 12 1T r-1-i:SOLVED that t1w WAyor wwidi City Clerk. be* amd are hereby, autaorlzell'a 4nd diretted t 14 OUte 61kid AgregWOUZ In the UAW Of' -n4 far wid on behUr 15 City *r Newport Beach. 16: The above -mand famgoing resolution s� gixz duly aw 17 paaaad and adapted tej t1W eird cotmeil or "w city of "ort 18 ft &t repl-ar dQatwfted matiM trmr"*x ad an t, 29th aay 19 Qa PUrah# 1#57j by the tollmilft roll call vote, to wit; 20. -Lw_ 21: .221. 23 Has, colmcnAmi 24 25 26. W4�1 EST. MARGERY SCHROUDER. 27::: Ulry 28 29, DO R A � 0, HALL — vla-4-1 Q r — - - - F I LETTERHEAD OF O'MELVENY & MYERS 433 South Spring Street Los Angeles 13, California March 26, 1957 Karl Lynn Davis, Esq. City Attorney City Hall Newport Beach, California Dear Karl: Re: BM -3979 NEWPORT BEACH - COSTA MESA JOINT POWERS AGREEMENT Our contract for the joint powers proceedings did not cover any election work. I propose to charge for that election work on the same basis as the contract. Please get the City Council to assent to this. Cordially yours, /s/ James W. Beebe P[D EP¢n awwmoS ADRIAN C,STAHTON 'OPEN N WRIGHT RODNEY II.POTTER ROBERT M LEWIS N IRN ANN SAYLES MOWARG J:B CARDS PNMLIN T.HAMILTON HUGH LMACHEIL ELIDE E.INI1 .NEST. M.CLARn.JR. ER CTI B.CLARY BENNER W. PNIEST JAMES [.'..SS E.MARLEY WAI.THER ... W'.BEEBE CHARD B,PAG LA NU WARREN M. CHRIST DINER RIC HARD PIGL MCI E.POTTS N BPADBONY C4RA GILBERT E.XMAM SCOTT EDWARD B.SirtH,IT DONALD R.HOOGHAH DOUGLAS E.XICHARDSON FRANCIS N.STRADUNG CHARLES n. MILL$ CASSELS.JR. RICHARD H.ST.JOXHS vICTOR'J. PALMH PE ROBENT OAROEGEN WILLIAM Lot : D. MOORE RICHARD E.SHERWOOD THEODORE E.MANTIH BARTON 8.9E En 'CHARLES G.BAnA LY.J P, LAW OFFICES OF OTMELVENY & MYERS 433 SOUTH SPRING STREET LOS ANGELES 13 March 25th 1 9 5 7 Honorable City Council of the City of Newport Beach City Hall Newport Beach, California Gentlemen: We have been advised you wish to employ our firm in bond issue. We will be happy • H. W.0 MELVENY 18851941 LOUIS W. .10111A. v ce W. CLARY HOLLYWOOD OFFICE 6920 SUNSET BOULEVARD LOS ANGELES 28 CABLE ADDRESS MOMS IN REPLY REFER TO B -3956 NEWPORT BEACH MUNICI- PAL IMPROVEMENT BONDS, 1956 , by the City Attorney that connection with a city to accept such employment. Our services will consist of the drafting of all ordinances, resolutions, notices and other documents required in the bond proceedings, the general supervi- sion of all proceedings, the examination of the proceed- ings step by step as taken, and the issuance of our approving opinion to the purchaser of the bonds. At present we do not know the amount of the bond issue so we will quote our fee in accordance with our standard fee schedule which is 2 /10ths of 1% of the amount of bonds issued up to $1,000,000 and 1/10th of 1% of the amount of bonds issued in excess of $1,000,000. One- half of the above fee is payable following the canvass of the election returns and the remainder following the sale of the bonds or a portion thereof. Should the bond proposition fail at the election our fee will be one -half the fee computed as set forth above, with a maximum of $750: In addition we are to be reimbursed for out of pocket expenses, such as telephone, telegraph, travel and the like, which will be billed to the city from time to time. w �19w • JOOMWME'r NY SIDNEY ...MA" —WU' FU ELL RICHARD C. BERGEN .ANNT WILLIAM P. MARTIN JAMES L.BEEBE J PIERCC MORES AT HC LIOHNSON NDMRN H OMER I. MITCHELL JAMES C.GREENE 'G RAMAN L. STERLI NG. JR. ALE UP WILLIAM B:CAPMAN EDWARD' C.FRE Ut EL.JR. MAYNARD J.TOLL GEORGE F. ELMENOOPF JAMES M.IPVINE.JR. PHILIP f: WESTBROON.JR. P[D EP¢n awwmoS ADRIAN C,STAHTON 'OPEN N WRIGHT RODNEY II.POTTER ROBERT M LEWIS N IRN ANN SAYLES MOWARG J:B CARDS PNMLIN T.HAMILTON HUGH LMACHEIL ELIDE E.INI1 .NEST. M.CLARn.JR. ER CTI B.CLARY BENNER W. PNIEST JAMES [.'..SS E.MARLEY WAI.THER ... W'.BEEBE CHARD B,PAG LA NU WARREN M. CHRIST DINER RIC HARD PIGL MCI E.POTTS N BPADBONY C4RA GILBERT E.XMAM SCOTT EDWARD B.SirtH,IT DONALD R.HOOGHAH DOUGLAS E.XICHARDSON FRANCIS N.STRADUNG CHARLES n. MILL$ CASSELS.JR. RICHARD H.ST.JOXHS vICTOR'J. PALMH PE ROBENT OAROEGEN WILLIAM Lot : D. MOORE RICHARD E.SHERWOOD THEODORE E.MANTIH BARTON 8.9E En 'CHARLES G.BAnA LY.J P, LAW OFFICES OF OTMELVENY & MYERS 433 SOUTH SPRING STREET LOS ANGELES 13 March 25th 1 9 5 7 Honorable City Council of the City of Newport Beach City Hall Newport Beach, California Gentlemen: We have been advised you wish to employ our firm in bond issue. We will be happy • H. W.0 MELVENY 18851941 LOUIS W. .10111A. v ce W. CLARY HOLLYWOOD OFFICE 6920 SUNSET BOULEVARD LOS ANGELES 28 CABLE ADDRESS MOMS IN REPLY REFER TO B -3956 NEWPORT BEACH MUNICI- PAL IMPROVEMENT BONDS, 1956 , by the City Attorney that connection with a city to accept such employment. Our services will consist of the drafting of all ordinances, resolutions, notices and other documents required in the bond proceedings, the general supervi- sion of all proceedings, the examination of the proceed- ings step by step as taken, and the issuance of our approving opinion to the purchaser of the bonds. At present we do not know the amount of the bond issue so we will quote our fee in accordance with our standard fee schedule which is 2 /10ths of 1% of the amount of bonds issued up to $1,000,000 and 1/10th of 1% of the amount of bonds issued in excess of $1,000,000. One- half of the above fee is payable following the canvass of the election returns and the remainder following the sale of the bonds or a portion thereof. Should the bond proposition fail at the election our fee will be one -half the fee computed as set forth above, with a maximum of $750: In addition we are to be reimbursed for out of pocket expenses, such as telephone, telegraph, travel and the like, which will be billed to the city from time to time. w �19w • #2 - Honorable City Council of the City of Newport Beach 3 -25 -57 If this arrangement is satisfactory to you please adopt a minute order employing us on the terms stated herein and furnish us with a certified copy thereof. Respectfully yours, nor. James W. Beebe for O'MELVENY & MYERS JWB:HS JAM E5 M. MONTGOMERY RUSSELL C KENMIR WILLIAM W. AULTMAN JACK E. MC REE WILLIAM J. CARROLL JR. JOHN R FEE EARL. B. WAGNER WILLIAM O. MATHIS PHILIP ABRAMS FRANK O. MYERS KENNETH I.MULLEN GEORGE 5, LEOPOLD A. GENE RHEAULT • ! JAMES M. MONTGOMERY CONSULTING ENGINEER 535 EAST WALNUT STREET PASADENA • CALIFORNIA RYAN 15618 • SYCAMORE 3.7128 March 2 The Honorable City Council City of Newport Beach Newport Beach, California' Gentlemen: INVESTIGATIONS AND REPORTS PLANS AND SPECIFICATIONS SUPERVISION OF CONSTRUCTION SUPERVISION OF OPERATION MANAGEMENT VALUATIONS In answer to a request by Mr. Robert Shelton, City Manager we have studied a tentative schedule for the design and construction of the pro- posed 600 acre -foot( reservoir. For the purpose of this estimate, it has been assumed that a contract between the City and this firm will have been executed by April 15, 1957• The tentative schedule, presented be- low, is based on this assumption. Council approve plans and specifications authorize advertising for bids not later than October 15, 1957 Receive and open bids: November 15, 1957 Award construction contracts: December 2, 1957 Complete construction - Reservoir ready to receive water: August 1, 1958 We feel that there is a good possibility of completing the plans and specifications before October 15, 1957 and we intend to make every effort to do so. Although the construction schedule outlined above may seem optimistic, we feel it is not unrealistic, when considering the following factors: (1) The accessibility in and around the reservoir site is virtually unlimited. The size of the site is such that a large amount of equipment could be concentrated in the area without inter - Terence. The distances of haul, for stockpiling excavated • ! The Honorable City Council a2- March 282 1957 earth and the wasting of excess earth, are small. (2) The remoteness of the reservoir site, with respect to resi- dential areas, is such that noise would not present a nuisance. Therefore the contractor could work two and possibly three shifts per day during the period when the major part of the earthwork would be in progress. (3) The specification could provide for payment of a bonus of a stipulated amount for each day the work might be completed ahead of the specified completion date and for assessment of liquidated damages for each day the completion might be delayed beyond the contract completion date. After weighing all the factors involved, and barring unforeseen circumstances, it is felt the schedule presented above is a reasonable estimate. Respectfully submitted, JAMES M. MONTGOMERY Consulting Engineer By: R. C. Kenmir Chief Engineer C CITY COUNCIL ITY OF NEWPORT BEACH WATER RESERVOIR PROJECT March 25, 1957 The City Council of the City of Newport Beach has stated repeatedly for nearly a year that everything possible must be done to provide water storage in time for use during the summer of 1958. After receiving the news that Costa Mesa was tabling the joint reservoir project, the Council found its goal of having reservoir storage available by the summer of 1958 in serious jeopardy. It therefore took action March 21 to remedy the situation, by authorizing the immediate employ- ment of the Consulting Engineer to prepare final reservoir plans and by indicating its intention to proceed independently with a substitute project. The entry of the City of Costa Mesa into reservoir discussions last November resulted from that City's awakened interest in the possible advantages of a joint project. Prior to Costa Mesa's interest the City of Newport Beach and the Irvine Company, which had offered land for the project either to one or a combination of agencies, had virtually concluded that Newport Beach would, of necessity, proceed on its own to construct the project. When Costa Mesa indicated its interest in joining with Newport Beach, this City again emphasized its need for prompt action in order to have additional storage by the summer of 1958, and Costa Mesa officials cooperated fully in gearing that City's program to Newport Beach's time- table. Nevertheless, the problems of developing the joint project were complex and took time which Newport Beach could ill afford to spare. On the eve of the adoption of the joint venture by both cities the City of Costa Mesa injected what to Newport Beach appears to be an extraneous issue: the status of property involved in two disputed annexations. The prospect of further delay occasioned by this surprising and disappointing move re- quired an immediate reappraisal by Newport Beach, resulting in the actions taken last week and described herein. The joint project called for bond issues in the two cities total- ing $1,878,000 for each and would have produced a 1200 acre foot reservoir. The Consulting Engineer had previously concluded, after studying the long term water requirements for Newport Beach and its proposed ultimate popu- lation of 75,000 persons, that a reservoir of about 600 acre feet capacity would be adequate for this city's needs. This'eonclusion is °still valid, and it is the current thinking of the City Council that it will establish the size of the reservoir at 600 acre feet at an adjourned Council meeting -1- to be held next Friday March 29, unless some compelling economic reasons are advanced prior to this date that demand consideration of a larger reservoir. The City Council further plans to set an election for May 28, 1957, at which voters will be asked to approve a bond issue totalling $1,780,000 to build a 600 acre foot reservoir together with all necessary pipe lines, and to finance correction of some $250,000 worth of current and pending water system deficiencies. The City Council has deliberately deferred these important decisions until this late hour with the hope that some acceptable compro- mise solution, providing for the construction of a larger reservoir, could be advanced. The Council is cognizant that a larger reservoir can be justi- fied in terms of the ultimate needs of the whole coastal area, but it cannot at the present time conclude that the citizens of Newport Beach should be expected to finance a larger reservoir than is necessary for the future needs of this City as determined by sound engineering judgment. -2- ._ - - . • • ir_.e- ax.. -rr-e -mot, JAMES ..MONTGOMERY RUSSELL C KENMIR WILLIAM W.AULTMAN JACK E. MCKEE WILLIAM J. CARROLL JR. JOHN R FEE EARL IS WAGNER WILLIAM O. MATHIS PHILIP ABRAMS FRANK O. MYERS KENNETH I.MULLEN GEORGE S,LEOPOLD A. GENE RHEAULT JAMES M. MONTGOMERY CONSULTING ENGINEER 535 EAST WALNUT STREET PASADENA • CALIFORNIA RYAN 1-5619 . SYCAMORE 3-7128 March 25, 1957 The Honorable City Council City of Newport Beach Newport Beach, California Gentlemen: INVESTIGATIONS AND REPORTS PLANS AND SPECIFICATIONS SUPERVISION OF CONSTRUCTION SUPERVISION OF OPERATION MANAGEMENT VALUATIONS In response to a request by Mr. Robert Shelton, City Manager, this letter has been written to present cost estimates for a proposed water supply project to be financed and constructed by the City of Newport Beach, and to define more clearly those items of cost which are independent of the cost of the reservoir proper. In a meeting with representatives of the City Council and the City Engineer, it was agreed that the total amount of the bond issue necessary would be the composite construction cost of three major categories, namely: (1) Proposed reservoir (2) Proposed transmission mains from the reservoir to the dis- tribution system. (3) Facilities to eliminate existing distribution system deficiencies. The estimated construction costs involved in each category are discussed in the following paragraphs. 1. Construction of the proposed reservoir. The cost of certain items necessary in the construction and operation of the reservoir remain relatively constant: regardless of the size of reservoir constructed within the range of 600 acre -feet to 1200 acre -feet. These items are: (a) Inlet- outlet piping and meter (b) Chlorination facilities The Honorable City Council -2- March 25, 1957 (c) Relocation of the 36 -inch MWD pipeline at the proposed reservoir site (d) 36 -inch bypass of the existing MWD terminal reservoir The total estimated cost of the above items, including 5 percent for contingencies on construction and 10 percent for engineering and in- spection, is $467,5 00. It should be note". that item (c) has been included in the cost estimates. relative to the 600 acre -foot reservoir, although it was not included in previoaa estimates. The need for this item depends upon the requirements of the state authorities approving the plans; therefore it has been included. The primsry function of the bypass for the existing MO reservoir, item (d), is to take advantage of the higher pressure, which is anticipated when certain District pipeline improvements are made. Without this bypass, less pressure will be available to fill the proposed reservoir, and as a result, the design maximum water surface elevation of 302.5 would be unattainable. 2. mated costs from reservoir. The esti- s the following items: (a) 11,000 feet of 30 -inch pipeline from the proposed reservoir to Coast Highway and Marine Avenue. (b) 1,000 feet of 18 -inch pipeline with pressure - reducing valves, in Marine Avenue from Coast Highway to Bayside Drive. (c) 150 feet of 18 -inch pipeline in Dahlia Avenue, from Coast Highway to Fifth Avenue, plus 650 feet of 18 -inch pipeline in Fifth Avenue from Dahlia Avenue to Goldenrod Avenue and connection to the Corona Del Mar reservoir outlet line, com- plete with necessary valving to prevent overflowing of the Corona Del Mar reservoir. The major transmission main from the reservoir has been divided into two 30 -inch components, the first "barrel" to be constructed immediately along the route shown on the attached map. The second "barrel" is recommended for construction when the need arises, and the selection of the route ej ;ouIa'aa Determined from the general location of the areas requiring additional water. The pipeline routes selected have been agreed upon and i • The Honorable City Council -3- March 25, 1957 approved by the City Engineer. The estimated construction cost of the transmission mains, including contingencies on construction, engineering, and inspection is $289,500. 3. Facilities to eliminate existing distribution system deficiencies. The City Engineer has prepared a detailed list of the existing deficiencies in'the distribution system. The estimated cost for eliminating these defici- enciEs is $250,000. Based on previous experience by this firm, additional money has been added to the "l.red- costs" in an amount of $20,000 to cover such items as bond sale costs and legal fees. Totaling the estimated costs, thus far calculated, presents a "fixed - cost" of $1,027,000. This is the amount of money to be allied to the cost for constructing the rrservoir proper. The following table has been prepared to simplify the comparison of the alternates available. Item Approx. area of reservoir site Fixed -costs 'Reservoir construction cost Total estimated project cost Proposed Reservoir Capacity (Acre -feet) 600 900 1200 40 ac. 55 ac. 70 ac. $11027,000 $1,027,000 $1,027,000 $ 754,000 $1,077,000 $1,316,000 $1,781,000 $2,104,000 $2,343,000 *This cost includes the filling and testing of the reservoir. We shall be available, at your convenience, to present details of the cost estimates. sj Enclosure Very truly yours, JAMES M. 14ONTGO14MY Consulting Engineer By: R. C. Kenmir Chief Engineer 7. !i ,• _ ('�.., Mme- �r� (�' 4 't ' � - ..C�_l ��,t �`� e �l� / .b'R��,: �� ' ' � � . •.�'�Ty' t ����, J.r >� r `, r r= � ) . ,� ��1� � \\ � r `mil Jar tAj Af �. . . . . . . . r V /n LU op ct Ra° ° o • ° o o e o • e o e • o e � r � \ �♦ �I LL �l Lo� W O Z N ° �- u V N 0 a f�,r {1, f ?�iY \ \, , ;1 :L cu Q Q O ko C ° o ° w c C c [ T r L ` `�'� a G ., v., J L i L i* t I: 9 ,�1 J_ L •� Ro J i Q `Q m m m O V p •� `. c S'i'iJ/'S �'6� �.i ' r °" (\ y� 0 Z Ifl J .ti Z Z � W Z in 61 z5 (p z n a 69 IN\ SI �1 _...t.S _ I\ °e , 09 j 1 i 0. '81 6.'—t ? ° _ 25 / `O ; 706 Q�S o �•r '`j \ 1� 6 ..,.1..:..y.1 Cc , are 1d0aa y W a > O d,. s I, I t { TM- CN ° ^ ^. d s v LI r g, x+ �x. ♦�. r i s March 21, 1957 3:30 PM ,u2' TO: THE NEWPORT BEACH CITY COUNCIL RESERVOIR PROPOSAL (NEWPORT ONLY) After consultation with James Montgomery, and with his advice and concurrence, the following factors have been developed: 1. It will take 7 months from start of engineering to advertis- ing for bids. This will include an allowance of one month for plans to be approved by the State Division of Dams. 2. Assuming delivery of material on schedule and no unforeseen difficulties, construction period is estimated at 8 months. 3. It is considered to be possible to store water in the un- finished reservoir before the critical summer use period. In this con- nection it should be borne in mind that; a. Had more storage been available in the summer of 1956 the peak demands could have been satisfied; and b. The scheduled cross - county MWD feeder will be in service in 1957 and 1958, which will allow us to accumulate more water during off peak hours than we have hitherto been able to do. A tentative schedule is presented herewith showing possible dates for the various reservoir construction steps. By April 1, 1957 Enter into a contract with James Montgomery for design of the reservoir. A saving clause to cancel out if the election fails should be included. May 14, 1957 Election May 25, 1957 Canvass votes and either secure contract with Montgomery or cancel it. on r 0 0 By November 1, 1957 Engineering on reservoir complete and approved and Council auCiorftes aGv�rtie - ment for bids. November 25, 1957 Receive and open bids. December 1, 1957 Award bids. August 1, 1958 Finish project It should be realized that this schedule is tight in every respect, but it is not considered impossible. James Montgomery should, however, be ordered forthwith to proceed with design. Tentative figures for reservoir project construction, subject to firming up by tomorrow, the 22nd., are as follows: There are estimated to be about $250,000 worth of deficiency items of which $85,000 are critical. The figures for the 900 Ac. Ft. reservoir are rough. estimates at this time and the figure of $2,225,000 may or may not include the full $250,000 worth of deficiencies. Significantly, a 600 Ac. Ft. reservoir can be built for the city, including all the deficiency items, for less than the joint project would cost. The cost per Ac. Ft. for this reservoir is $2,600. An added $543,000 will produce 900 Ac. Ft. total or $1,810 per Ac. Ft. for the 300 Ac. Ft. increment. Adding $639,000 to the 600 Ac. Ft. project for double the size, or 1200 Ac. Ft. costs $1,070 per Ae. Ft. for the increment. It is evident from the foregoing that the Council must arrive at a decision on whether to try and have additional storage available to carry us over the summer 1958 period or not. I'A Bond Issue Capacity Cost Cost with Deficiencies 600 Ac. Ft. $1,557,000 $1,807,000 900 Ac. Ft. 2,100,000 2,225,000 1200 Ac. Ft. 2,196,000 2,446,000 There are estimated to be about $250,000 worth of deficiency items of which $85,000 are critical. The figures for the 900 Ac. Ft. reservoir are rough. estimates at this time and the figure of $2,225,000 may or may not include the full $250,000 worth of deficiencies. Significantly, a 600 Ac. Ft. reservoir can be built for the city, including all the deficiency items, for less than the joint project would cost. The cost per Ac. Ft. for this reservoir is $2,600. An added $543,000 will produce 900 Ac. Ft. total or $1,810 per Ac. Ft. for the 300 Ac. Ft. increment. Adding $639,000 to the 600 Ac. Ft. project for double the size, or 1200 Ac. Ft. costs $1,070 per Ae. Ft. for the increment. It is evident from the foregoing that the Council must arrive at a decision on whether to try and have additional storage available to carry us over the summer 1958 period or not. I'A Assuming that the answer to the above is affirmative, it follows that James Montgomery should be employed immediately to start'.. sum formal design, realizing that a substantial.will have been committed -.in advance of knowledge of the outcome of the election. It is also evident that any further consideration of a joint project with Costa Mesa necessarily involves the risk that the bonds fail there, requiring a second election here. Aside from the extra cost involved (here considered to be minor), it is now known that the earliest election for a joint project would be May 21 and a special Newport election, say 60 days after that, or July 22, would be necessary if the joint election was not successful. It is not known whether Costa Mesa would accede to the proposition of having a joint project finished by August 1958, involving, as it would, a contract with James Montgomery before money was actually authorized, or even if they did, whether such speed could be made under the joint agreement, involving, as it does, approval by them as to details as Newport proceeds with the project. The Joint Project It must be realized by all concerned, and I include the Costa Mesa people here, that the water storage situation is critical in Newport as rationing was necessary during the last summer period when Costa Mesa had water for all their needs. The appeal to the people for passage of the bonds is stronger here in Newport or conversely a two - thirds majority may be harder to get in Costa Mesa and according to some authorities it is highly dubious that it could be accomplished at all. It is also evident that the amount of money needed to service and retire the bonds from the joint project will have an impact in Costa -3- Mesa on the average home owner greater in proportion as the assessed valuations of the two cities differs. In Newport Beach it is roughly estimated that the average 3 bedroom home will pay about $1.00 per month for the first few years if all of the money is raised from ad valorem taxes. I do not wish anyone to conclude that this will be the case in Newport, however, since it is planned to spread a substantial cost of service and retirement to the water users as well. It is doubtful that Costa Mesa would use this flexibility to handle their costs as equitably as this. This paragraph is inserted here, not to add fuel to an already unbearably unfortunate situation, but to help the Newport Council in evaluating their dilemma. It is the writer's firm conviction that if our neighbors can see fit to join us in a joint venture Monday next, that the best interest of both communities will be served even though it probably will mean that Newport will have storage troubles in the summer of 1958 and perhaps add a small amount of money to get the 600 Ac. Ft. capacity. At least there would be 1200 Ac: Ft. there for both cities to use in any emergency. Failing any agreement by Monday night, or as a. practical matter now, today or tomorrow, it would appear that Newport should move off with all haste, after advising Costa Mesa, in order to let our people take a decision vitally affecting their health, welfare and safety. Respectfully submitted, tj, ice. ✓� a��(��� J. B. STODDARD ME 0 CITY OP NEbll Y111 ' 2llt i lumniSa eg RESERVOIR EI OJSCT CCil;TE r.,. _�.m Jameit Montgomery, 10:00 e.M., Merch 22, 195? Auxi`a',,j tz. c-, Reservoir (Required for any size). Yzin at Coast Highway 6 Marine, 11,000 fi, c•.Sot:C , ; bets6en City Mains, bayside Drive and Marine, 1,000 ft, 1s, f`�i' --i'. •.inir loon.,. Coast A3.gh,,ay to Sth Ave. to Fernleef, 800 ft, 18" Fcwloc ^tn 36" MR "ender, Steel g Gunnfte eaa•rwir Riga flog@ gy= -Pass :"1011:rirarc..:rs, Outlet Hater and Eldl;s.. .er;or oir inlet and Outlet Piping At'd 1(4 Engineering is Inspection tras,ent �.Yatem Deficiency items Services, Legal and Other 4n•re Reservoir Total Au.;iliaries ?zl+ ag scad Testing vrrid Requirei! Sub Total Sub Total Total Auxiliaries 600 Ac. Ft� 734,000 1,;x27,000 20.000 $1,781,000 900 Ac. Ft. $ 1.052,000 1,027b000 25.000 $ 2,104,000 !j LI,l,Zbi. 29, on 27,000 C'n "2`la G2,3330 84,420 2.1c,00L a 65:3,2.;? u8, dOt:- 757, OGO 250,000 _ 20.00 $ 1,027,00C 1200 Ax. "s - $1,206,000 1,027,000 30.000 $2,343,000 ��3. 7-� s� 4 6 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 WIMRRAS P'Ity lcw4u,-!-i tu4, L�ie citl *r Newport Beach has h-troWare = Uula 4joe adopt*4 .-Resolutim NO. �A 6 k � . to vmus,v an tine 14,L4 "i *�r �,reu 1951, at 4k reguur Vveting 0:� lell City cawtzil., 34i3 City eir4ric-11, adopted OrdirAnze No. -31-i; xrd the Clu Council fluaz it to be In the beat Interents of t c1t; of Nrewt Reach and itz cltlzenz that sz,,Id -,ryllnume be res4kAga aAd dealered to bt oll" no force or ellip-U t,-, hOW 0 'Ve li:" -'I, by tht 1--Ity Counell the city or FablPollet, 'ZZacii .)rdliu roes &n. 317 be, aml the sum Iza, hereby roacAndad and da �.ared to 1�-- of 00 c�r of rect. -hls ortiniince i-tial! tam of-rect truwaUtely upon the p r 4A�4zg* har-&>f and zsh"l be publlsraed anov In tip Newport i rmw4, ::7er 4 b Zemeral culaUor, printed, put116i,wl s=rvl ^ircul ed in the Calt� -.f lllwpart -z�*Uoh. :J-U-l'9d and a revulif ,- n*OUINE lajd Uie :.*3 it �Ounc-,,; t4-- o.� gzwporL ii.' acht .,,;n the 1;;,3tni day �>f Z'Alareh, 1915-Ty by AY LN - , r w'; �PU ti LO^,e\ 0 rWLL 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 0 1* --osta :1 aa- " the City of Neimilort I u�e city r�- ruive bem en4aaed in prelimlmry plamling ar-d negotiatiolw W, z4agu"itIon C- .,. - aervoIr t--qe canst-MvAlon of ai pIA-Pelines fw tho mntual bem-fit Of aald eltioso, ayVi aaid sides "1-4 retained U110, law firm of N*vera of los Anboles for v turpoze of bandlin& legal plttet- 'ii -'. -Wiw'! respo-ot to UW ter-ma and C�4ndltianz of a i�-int pavMrs a:md ni4o�W-1 e= wlt- mwvztv t- the haldl:X� of an eleaLio-n z. the lasua mze a�- as o of boWm thm-etw, -aid gilt : -YvJ m 4 s CO- m4,u Q�� the joint Pmera 4� —zenenz separ ,eemrzt With the owmrs of the -voir 1; 4a. the lands -atiere the eamlentB were to be te 3 Y aEreed Upon for aubaloolon to the city counalls of of %"d aitier Lor kvprovaii and xven,! 4erS Prom rod =1d submitted tries resolutim.0 m�hd a"n =—dInanev to be acted Upon ILY e&eh "1 19,157; and -Ity :M Manday, nirc. 11 W.K�I'Ii;iASj, pur-suant �iereto, the City Counell of the City V C-1 Newn Wt Be"h did a roz- alar meting hold On Mom"xio L YAVt-,h 18, 1957* adopt the fWIoWIrw, resolutims wlth respect to said project: i,,4ffvoIutL= 4621, upproving plasm and tems reportea bj the commissionere for a�ujulring 4nd z"intalnlnL 4, water aupply Lni1': ordering, :&I&Inii "nd m ovidurv. for. a - �r ElleiAion to be held in said C-Ity on We 14th day of zg, 1957, for the �,ur- pozie o-C submittirW, t= t-I'm plied voters z) said ;'qty a propoxuitlon for t1w &,,.�prova4 or rejaotlt�n of ZZ, Ild pil,ms 4:S tai ms =�M ia prow;uitlon 'or the approval of a --ortain contract aruJ ,.�om olldatlnCr suid ",U&ctdm %fith the, speuit.1 vIiInIelpal Bor .1. I F t& to be held Sm a"t-fitY Or, Sa.": 2 ftsolution Yo. 4612, det"rmlnirte that the Public I ,rest and n000ssi%V dwr�� t�*e Q�mVlzjtiom and On 4 a certain mmjjcjrN�.l inprovemntj, and maAcIng findin(43 telatIng 5 Vlaroto, 6 iseaolutjon No. 4613, authorizing U-w- Or and MY 7 Q%t '- t- Powera A��nt bY &nd b*twe*A tx�W 8 City 0-1- Nellrmvwt rea%_�'h z r tte City of' Custa Mesa, with repeat 9 10 - t -1-!:-'n r-,prit-, PrOICU t - ccr '9133'ing Or a V&ter 11 lvaervoi.- and Un'llurtenancea thereto. 12 eaolutlo)'t 1 0. 14* authorizing for mid CUy Clerk to 13 070w.'te an ;' eemarat tetweer. the City of Newport _m'"oh, the wjty ojr Costa x�erL,. T't rvine Covgy-W; and 15 t* W- i�ity comell of the City Of costa VAU 16 reftsed act unon the m sr resolotions Znd 17 am.-"noe arsd have 1:qj9aed lert"n cOnditiom with rcapect tO 18 ti"ttere extrame-cus t-1. the -bald Joint prt?';ect, 3"d cond-Itim 19 --axe ='t al—wept"ble to t"'Als iAty Council, aFd 20 Lg f *�" C-ity of 13 lie best Interest- 0 11.1c I.. it for t, 21 It t:-v tj��.efta of 3aid clt, � the-t aaid resolutimrs 22 rese3x4ed and declj--ad tQ be of no force �!nd effect, 23 BE", rk RZ;3OLVS-n UimlL Hosolutin't-10 24 46!2, 4613 "nd 4514 aibove refermd to 1vt and each of said 21 ��**rj:iutjow Urea korebbf reae-indgd arid to to of no 26 -or eff"t. 27 Ihe above +�W foregoing resolution was dulY Lrid rogul"ly 28 wised and adopted by the City Comcil Of the City Of Newport 29 teach at a regular adjourrsd meeting thereof hold on the 19th day 30 j0t&rc'aj j9r,,70 by the following votO# to Witt 31 P LLMES 32 CouNc MARGERY SCHROUDER N' 7VU =MFg DORA 0, HILL 0 NO. CITY OF NEWPORT BEACH DEPARTMENT TO: Margery Schrouder, City Clerk FROM; Karl Lynn Davis, City Attorney SUBJECT: Reservoir Site and Easements 0 Date Marnh ?7, 1457 Attached is original proposed agreement with The Irvine Company, together with resolution for adoption by the Council. CC: Mr. Shelton CITY OF NEWPORT BEACH DEPARTMENT Date March 27, 1957 NO. To: Margery Schrouder, City Clerk FROM: Karl Lynn Davis, City Attorney SUBJECT: Proposed Reservoir Attached please find the following: Copy of letter to me from O'Melveny & Myers dated March 25, 1957, wherein enclosed 1 to 13 inclusive are referred to. All of these enclosures are attached. It is my understanding with Mi,. Shelton that you are to re -copy the Resolution of Interest and Necessity and the Ordinance Calling Bond Election, with the exceptions of page 1 of the resolution and pages 2 and 4 of the ordinance, which are among the enclosures herewith. I am also attaching copy of letter to me of lurch 26, 1957 from O'Melveny & Myers which should be made a part of the letter of employment referred to in item 13 of their letter of March 25th, By carbon copy of this memo, I am sending a copy of the new election calendar; being item 12 of said letter of March 25th, to Mr, Shelton, Karl City City Newpi - Dear LETTERHEAD OF O'MELVENY & MYERS 433 South Spring St., Los Angeles 13 March 25, 1957 - RE: B -3956 Newport Beach Municipal Improvement Bonds, 1956 Lynn Davis, Esq. Attorney Hall )rt Beach, California Karl: On the resolution calling the contract election the date of the approval of the contract by the City Council should be filled in on the proposition on page 3. The number and date of adoption of the ordinance calling the bond electinn should be filled in on page 4. Similar fill -ins will be needed to make the notices agree. We believe that the calendar is self - explanatory. Please see that we are furnished with proof of the ordinance calling the bond election sufficiently before publication so that we may make suggested corrections. If there are any questions, please do not hesitate to call. ,Ysl James W. Beebe a Enclosed herewith are the following: iI 1. New page 1 to resolution of interest and necessity. { 2. New page 2 to ordinance calling bond election. 3. New page 4 to ordinance calling bond election. ✓ii 4. New pages of ordinance of newspaper copy. 5. Orginal and copies of resolutinn calling contract election. 6. Original and copies of notice of election. 7. Extra copy of above notice for newspaper. 8. Original and copies of notice re election officers and polling places. 9. Extra copy of above notice for newspaper. 10. Original and copies of notice of measure to be voted on. 11. Extra copy of above for newspaper. 12. New election calendar with instructions attached. 13. Letter of employment. On the resolution of interest and necessity the estimated cost should be filled in on page 1. In the ordinance calling the bond election the dates should be filled in on the recitals on page 1, and the election date should be changed to May 28th in your copies. On page 2 the estimated cost and amount of debt should be filled in. This must be the same as that set forth in the resolution of interest and necessity. The same sum will be filled in on page 4 of the ordinance. On page 5 the precincts, polling places and electinn officers should be filled in as indicated. On page 12 the canvass date on your copies should be changed to June 4th. On the resolution calling the contract election the date of the approval of the contract by the City Council should be filled in on the proposition on page 3. The number and date of adoption of the ordinance calling the bond electinn should be filled in on page 4. Similar fill -ins will be needed to make the notices agree. We believe that the calendar is self - explanatory. Please see that we are furnished with proof of the ordinance calling the bond election sufficiently before publication so that we may make suggested corrections. If there are any questions, please do not hesitate to call. ,Ysl James W. Beebe a 3e fit 1 elm MA. xmmw & myr-R5 RING STREET HOLLYWOOD OFFICE 4080 SUNSET BOULEVARD LOOS ANGELES 20 CA61.9 ADDRESS MONS IN REPLY PILFER TO NEWPORT BEA C Ir. TN 7 - ?AL IMPROVEMENT B: -N. D3 1956 ... We hime been -advised by the City Attorrief-that YOU mist[ t6 on _Joy our firm In connection with a cif bird Issue. 4a will be ha, ppy,710 a,eept such emplc yment, 0% - r "_Servlces will r--,let of the drafting of �_�rdlnanoes, resolutions.�,i.,1*,ie.Les and other doC;jrtej-,' tc r• ?-.julred In the bond proceeulngs,'the general superv-_- -3—r. or all. 'proceedilagB, tl.ne examinatl-fin of the prciceeu- step by Step as Ltaken, and the issuance of our approving opinion to.:the puirchaser of the bonds. At pref.kent we do not kr.cw the amount of L`!e bond issue so ge W.1.11 quote our, fee in accordancewlth our Standard "c-e schedule which Is 2/1.0thS Of 1% of the amount of bonds 1-53U*4 up to $1.00V,0WAnd 1/10th of 1% of the amcunt of bonds Issued In ex,;60-es of $1P000,000, One- of the above fee is payab:e following Vie canvas* cf* tne election returnjVLAnd the rema inder following the sale of the bonds ow-a portion thereof. Should_..:. the bond proposition fail at the election our fee will be one-half the fee .computed as set forth above, with a maximum of $750. In addition we are to be reimbursed for out ct pocket expenses, such as telephone, Selegraph, travel and the like; which will. be bIl1*d t6 the city from time to time. MIR .1" .1.1 C M X G4M.A I.. E M,�" D C... E MMNIk -crab ' ty Ha�' 3e fit 1 elm MA. xmmw & myr-R5 RING STREET HOLLYWOOD OFFICE 4080 SUNSET BOULEVARD LOOS ANGELES 20 CA61.9 ADDRESS MONS IN REPLY PILFER TO NEWPORT BEA C Ir. TN 7 - ?AL IMPROVEMENT B: -N. D3 1956 ... We hime been -advised by the City Attorrief-that YOU mist[ t6 on _Joy our firm In connection with a cif bird Issue. 4a will be ha, ppy,710 a,eept such emplc yment, 0% - r "_Servlces will r--,let of the drafting of �_�rdlnanoes, resolutions.�,i.,1*,ie.Les and other doC;jrtej-,' tc r• ?-.julred In the bond proceeulngs,'the general superv-_- -3—r. or all. 'proceedilagB, tl.ne examinatl-fin of the prciceeu- step by Step as Ltaken, and the issuance of our approving opinion to.:the puirchaser of the bonds. At pref.kent we do not kr.cw the amount of L`!e bond issue so ge W.1.11 quote our, fee in accordancewlth our Standard "c-e schedule which Is 2/1.0thS Of 1% of the amount of bonds 1-53U*4 up to $1.00V,0WAnd 1/10th of 1% of the amcunt of bonds Issued In ex,;60-es of $1P000,000, One- of the above fee is payab:e following Vie canvas* cf* tne election returnjVLAnd the rema inder following the sale of the bonds ow-a portion thereof. Should_..:. the bond proposition fail at the election our fee will be one-half the fee .computed as set forth above, with a maximum of $750. In addition we are to be reimbursed for out ct pocket expenses, such as telephone, Selegraph, travel and the like; which will. be bIl1*d t6 the city from time to time. MIR Karl Lynn DavfMA Esq. City A�tornqvl�- City Hall New ort Beach 41'^Irriis BM-3979 NEWPORT BEACH - _103 TA MESA. JOINT POWERS AGRUMENT Dear Karl: Enclosed sires ttt&.. ,followings 1. Original jM copies of report of the Commissionerse 2.. Original az*..copies of resolu- tion approving plans and terms and . calling special electloxi.-_= plans and' terms, 3. Original arA copies of notice V of election. fdr newsp&"!P-' Before the no4ting of March 18th-the Commissioners should #109C." report. Ttw Items on pages 3 ".4 should W,filled in.. Please note that one item Is for the total cost of the joint project and the other ip for Newport Beach's share. Attached to &aId _nq2qTt_gbftld b2 tibg MLQjW1b1ts set• four ni., Motei--� at the Joint Powers -Fth Agr"mont w T42 exhibit attached) is marked Agree- ment I and thijkvine agreement is market Agreement 2. *After the report is presented on March 18th the City Council will adopt the resolution approving said report and culling the special election. The only item to be filled in an this resolution is the number and "to of adoption of the ordinance calling the bond election. q!) M. LAW *"let* or EAM. 1. ".1 I.E. 1, .4R1 4 ♦33 SOUTH SPRING STRIECT .11 OI LE If . L. EALE LOS AJ40 IIC• C E , A 111L �E� F EEWEOIEL �ftr. 4, PRO SUNSET BOULEVARD A LOS ANGELES March Eo. 'ro E. ..'� ME 1! Ee I.L. E-1 ..�IL. IN RIE►LY RIEFER TO IELC�. E1.11 CL. 7.� 11E.11 .� 11.�:.E LEEI MVV T11... I :.,E, I I.E. I .�I. �40E_R I I "C4 6 EE• 'EESE C. Karl Lynn DavfMA Esq. City A�tornqvl�- City Hall New ort Beach 41'^Irriis BM-3979 NEWPORT BEACH - _103 TA MESA. JOINT POWERS AGRUMENT Dear Karl: Enclosed sires ttt&.. ,followings 1. Original jM copies of report of the Commissionerse 2.. Original az*..copies of resolu- tion approving plans and terms and . calling special electloxi.-_= plans and' terms, 3. Original arA copies of notice V of election. fdr newsp&"!P-' Before the no4ting of March 18th-the Commissioners should #109C." report. Ttw Items on pages 3 ".4 should W,filled in.. Please note that one item Is for the total cost of the joint project and the other ip for Newport Beach's share. Attached to &aId _nq2qTt_gbftld b2 tibg MLQjW1b1ts set• four ni., Motei--� at the Joint Powers -Fth Agr"mont w T42 exhibit attached) is marked Agree- ment I and thijkvine agreement is market Agreement 2. *After the report is presented on March 18th the City Council will adopt the resolution approving said report and culling the special election. The only item to be filled in an this resolution is the number and "to of adoption of the ordinance calling the bond election. q!) M. LAW *"let* or EAM. 1. ".1 O MELVE:NY & MYERSI ♦33 SOUTH SPRING STRIECT LOS AJ40 IIC• HOLLYWOOD OFFICE Is 4, PRO SUNSET BOULEVARD LOS ANGELES March 15th CABLE ADbMtS6**.O.S 1 9 5 7 IN RIE►LY RIEFER TO Karl Lynn DavfMA Esq. City A�tornqvl�- City Hall New ort Beach 41'^Irriis BM-3979 NEWPORT BEACH - _103 TA MESA. JOINT POWERS AGRUMENT Dear Karl: Enclosed sires ttt&.. ,followings 1. Original jM copies of report of the Commissionerse 2.. Original az*..copies of resolu- tion approving plans and terms and . calling special electloxi.-_= plans and' terms, 3. Original arA copies of notice V of election. fdr newsp&"!P-' Before the no4ting of March 18th-the Commissioners should #109C." report. Ttw Items on pages 3 ".4 should W,filled in.. Please note that one item Is for the total cost of the joint project and the other ip for Newport Beach's share. Attached to &aId _nq2qTt_gbftld b2 tibg MLQjW1b1ts set• four ni., Motei--� at the Joint Powers -Fth Agr"mont w T42 exhibit attached) is marked Agree- ment I and thijkvine agreement is market Agreement 2. *After the report is presented on March 18th the City Council will adopt the resolution approving said report and culling the special election. The only item to be filled in an this resolution is the number and "to of adoption of the ordinance calling the bond election. q!) M. L z 0 M NNL T 05 NIC-RD E 5"E.00D 7 6 r 7 4W iv d r A IfFIEET M =-OLLywOOD OFFICE -._ O SUNSET BOULEVARD LOS ANGELES 26 CA9LE AVVMZ"".O.S 7.n Davis. Esq. OF -orney sial I -each, 4allf6 Ka r i . Enclosed are th following: Origi nal. and. c6fteC-'of resolii._ JI t1cir. of interest and ne"ity. ,of 2. Ordinance 9-alliwbond ele4tion. 3. Extra cppy'.4f oW!nance for the . .... ..... .n.twopaper. In the resole Mdft of interest and necessity ,-e ess.jaated cost in, MEM filled In,. This estimated �:oat Is the same as thW�_ Issue. In the ordinance the-:".date of ad9ption bf t:se resolution of Interest and necessity on page i" be Inserted. The estimated cost and'.the amount bond issue must be filled In on page 2. These -:3 are the same. The amount of the bond issue to filled In on page 4. The precincts, polling p:.ce5 and election officers must be''filled-in on r= teq 5 and 11. Please see that we are furnIshed,w"h Drccf ordinance r .g_L1jpg the election sufficiently Lf -ep�,171_fcati:6n so that we may make suggested If there are aryl questions, please donit -;u1!.ate to call. IN REPLY ft9FZIt TO B-3056 NEWPORT BZWr, U PAL IMPRO NT WNDS 7? "w I +i t � +s 1 CD. U J - CJ i . ti' i ' • • ELECTION SUPPLIERS .Aartin & Cliapman Co., aCtcl 5213 LONG BEACH BOULEVARD LONG BEACH 5, CALIFORNIA GARFIELD 2-4811 Miss Margery Schrouder, City Clerk City Hall Newport Beach, California Dear Miss Schrouder: R E r r VED MAR 15 '57 CITYCL, -,:n 41TY 0P NEWPORT BRACU March 13, 1957 We wish to acknowledge, with our thanks, your order for supplies for your Special Municipal Election to be held on May 14, 1957. The following is a list of the supplies required and the prices thereof for your planning purposes: 18 Inspector's Declarations 18 Notice to Inspector of Appointment 54 Notice to Election Officers of Appointment 72 Election Officers' Digests 36 Notice to Inspector of Absent Voters 50 Applications for Absent Voters 50 Instructions for Absent Voters 50 Outgoing Envelopes 50 Identification Envelopes 50 Return Envelopes 1 Absent Voter Canvass Set 18 Sets Precinct Election Supplies 12000 Sample Ballot.Envelopes 12000 Polling Place Cards - 18 precincts 12000 Sample Ballots ) 12000 Official Ballots) 12000 Envelopes addressed to voters 12000 Envelopes inserted with sample ballot and polling place card @ .18 $ 3.24 @ .18 3.24 @ .14 7.56 25.04 @ .14 @ .14 7.00 @ .14 7.00 @ .11 5.50 @ .11 5.50 @ .11 5-50 @13.50 Set 243.00 @12.30 M 147.60 @12.50 M 150.00 @18.00 M 432.00 @15.00 M 180.00 @ 9.00 M 108.00 $1.335. 6 Sales Tax 51.42 $1,388-98 The above tabulation sets out the nature of the supplies to be furnished and the unit prices thereof. The actual amount to be furnished will be based upon the registration figures as of March 21. the close of registration for this election. 0 0 Margery Schrouder, City Clerk -2- March 13, 1957 You will note that the above does not include cost of indices, publications, postage expense in mailing election officers' forms and sample ballots, polling place rental or election officers, pay. These are all payable directly by the City. Our services are available to you at all times so please do not hesitate to let us know whenever we may be of help to you. Again, our thanks. Cordially, Dan L. Martin DLM :M COSTA MESA - NEWPORT BEACH 1 r p ELECTION CALENDAR JOINT ACQUISITION ELECTION CONSOLIDATED WITH BOND ELECTION MAY 14, 1957 NEWSPAPERS: MEETIN S: ewpor Beach: Newport Harbor ewpo Beach: 2nd & 4th Ensign - publisheea Thursdays. Mond Ys - 7:30 P.M. oC s Mesa: Costa Mesa Globe Cos a Mesa: 1st & 3rd Herald - pub she' We nes ays Mo days - 7:30 P.M. an ridays. 1957 March 11 Newport Bea - Council adjourns to (Regular Meeting March 18 for Newport Beach) Newport each and Costa Mesa - Send nece ary information to O'Melveny & Mye . March 18 New rt Beach and Costa Mesa - .Councils (Regular Meetin r ceive report of Commissioners. Councils for Costa Mesa pprove report by resolution and call (Adjourned Regular special election for submission to voters Meeting for Newport on May 14. Beach) Costa Mesa - Council adjourns to March 25. March 20 Costa Mesa - Publish Notice of Election for Joint Acquisition. March 21 Newport Beach - Publish Notice of Election for Joint Acquisition. March 21 Registration closes. March 25 Newport Beach and Costa Mesa - Adopt reso- (Regular Meeting lution of interest and necessity for Newpord Beach) in full - 4 ® votes required) Introduce (Adjourned �tegular or Hance calling bon a ec on. �� Meeting f r Costa Mesa) Newport Beach - Adjourn to April 1. r April 1 (Adjourned Regular Meeting for Newport Beach) (Regular Meeting for Costa Mesa) Newport Beach and Costa Mesa - Adopt ordinance callingg bond election. (Read in full - 4 Aye votes required) April 3 Costa Mesa - Publish notice of election officers and polling places for Joint Acquisition Election. This is done by reference to ordinance calling bond election. April 4 Newport Beach - Publish notice of election officers and polling places for Joint Acquisition Election. This is done by reference to ordinance calling bond election. April 4 1st day to mail sample ballots and polling place cards. April 11 and 18 Newport Beach - Publish ordinance calling bond election. Also publish notice of Joint Acquisition measure. April 12 and 19 Costa Mesa - Publish ordinance calling. bond election. Also publish notice of Joint Acquisition measure. April 24 1st day can apply for absentee ballot. April 29 Last day to commence mailing polling place cards and sample ballots. May 3 Last day to complete mailing polling place cards and sample ballots. May 9 Last day can apply for absentee ballot. May 13 Newport Beach - Adjourn to May 21. (Regular Meeting) May 14 ELECTION DAY. May 20 Costa Mesa - Adjourn to May 21. (Regular Meeting) May 20 Last day to receive absentee ballots. May 21 CANVASS. 2. w k 1 • 0 AN ORD1XMCZ OF THE CITY OF MPO'Tr BUM CAIXMFMUv OXMMO CALL- uav h0JIDING MR AM QVU0 NOTICE OF A SPECIAL MUCIPAL SOD ZMCTION TO M FELD IN om cxw OF NEWPORT BEACH ON THE 14TH DAY=07 MAY* 1957* FOR THE PURPOSE OF ZUBKM?T=Q TO T.43 QUALIVIND VOTERS OF SAID CM A PROPOSITION To INCUR SOMM INDEBTED- NESS BY SAID CM RM A CMrAAM MUNICIPAL WROMMO WHRRMS the Cmw Council of tim city or mowpwt Beach, California, did an the 18th MW of Marsh, 1957, by a vote of move VMM two-thir4s, of the member* of the City Council, adopt Reaclation No. 4612 , entitled "Resolution of the City coumdi or the city of Newport Beach# California, doteralaing that the public interest and necessity des" the acquisition and construction of a aertAln awdelpal imprgvemanto and masking findings relating thermtom,, which said resolution was duly signed and ooproved, by the Naar of said city and attested and certified by the City Clerk of said city; NOWs THLREPOREs the City Council of the City of Newport Beach, California, DOES ORDAIN as follows: Section 2. That a special municipal bond else- tion be hold and the same is hereby called to be hold in the City of Newport Bea". California,, an the 14th day of Mays 1952O for Um purpose of submitting to the qualified voters of said city a proposition of incurring indebtedness and Isouing bonds of said city therefors in the amount, 0 • aiereiriarter sat tbrtn, aAd for tim objects and purposes set forth in Said resolution and hereinafter stated. Section 2. 7Mt t=4 abject and purpose tat w.lc : said lndebt*33ssa.e is to be inearred and bonds issuad Vierefor is as follows; The acquisition and construction by the City of Newpovt Basch of a certain S wIlaipul Inwrovev*nt, to wits worm for tie storage, trap sJon distributioai . of mater necessary 4r4 proper for *only. tng watsr for tne use of W* city and its lTV$Abitanis (including the alt 's snare of the cost of a rater atora,&e reservoir, wa"r transmission lima, a ppur'tenan"a and purten"a. "rks to be jolntl$ owned with tkW City of Casts Mega), includ- iaa the acquisition of an lands, eaaments, piggy, pwAvs, vaxves, fittints, asters, mac4insry, apparatus and otner prwper4 necessary tnerrefor. Svetion 3. That the estimated cost of the nxnicipal lvWrsvr <tt described to section i nereof is tile Buz. of ( ) and tease the 004AL It of Una �+rTtzsigsa2 of the indobtsdness to be incurred V"Wretar is ane sue of .Section, 4. That U%* maximam rate of Intereat to be paid ors tat It-debtednesa incurred for the purpose 2. 0 E atated in this ordinwwe small not exceed the mazlima rate ;;ermitted kW lase, to wits six per cent (6%) per a:ntqums payable .snnuaElly for the first year and semi- aann =3y thereafter, the actual rate or rates of Interest on said bofnda to be determined at or yorior t a t4-* time of the sale or salos thereof. Section 5* That if the proposition for the incurring of banded Indebtedness so submitted receives the r€rgaisitc number of votes, to alto two- thirds of trim votes of t:ie qualified electors voting on said Proposition, bon" of said city in not excsedlnj,' tzl* prieecUS! 3NOUnt stated its said proposition ehs33 be Issued and sold Vor Wis object and purpose set forth In said proposition. section tr. That the polls for said maection antral: be Opened at Seven Q'oioex A,9. on the ,do of said election nand sianll reraain open cotitinuously from said time until seven o'clock P.k. or tie sa 4*4 p atheer, acid polls snail be eloseds cxeayt an provided In se cC.Iozs 5734 of the iaections Code of trio state of California, Section 7. That on tie baallow to be used at SsAd special elections in addition to any other matters required by law,* Beare 11ftil be printed substantially toe rollowinal 3. 0 MA-Rj" C;i�S$ +) on'_ Wg ONLY WITH..m M 'Sell jk4KT BAS.WTB M KARM -WITH P�Ii A.'RD INS fri rla'°#JC7i. } INSTRUCTIONS TO VOTERS To `otee on any easure, s a cross ( +) in the votimP square alter the w -•d "M or after the word "i O% All marks, except thV Grose (t) am forbiddew. All dis- tin4uishing marks or erasures are forbidden and crake the ballot void. If you wrongly stamp, %W or deface this ballot, return it to the inspector of election and obtain snottier, on absent voter ballets marls a cross (+) with pen or pencil. Section 8. A cross ( +) placed in the voting square after the wort "YA73 in the scanner hereiebefore provided shall be counted in favor of the adoption of tha proposition. A cross ( +) placed in the voting =a. BOND MK- SITIOnt Shall a • the City of Newport Beach s : incur as bonded Indebtedness 2 In the principal sums of : for the Pur- "t 2 7 t s pasai cr C n and quisitio ° Y1;9 construction by said city of a certain municipal improve- a . : ,cent, to wit: Moral for the x a 2 _ storage, transmission and a s = distribution of water asses- t a sary and proper for supplying a = a _ .water for the use of the city and its inhabitants (includ- ing the c 1w a share of the t ' cost of a water storage reser- voir, water transmission lines, ' and appurtenances and alp- ' purtenant work3 to be jointly = : owned with the City of Costa _ _ _ loon), and including the NO acquisition or all lanuia, : s = easements, pipe, pameps, valves, s a fittings, meters, machinery, 2 t apparatus and other property = . necessary therefor? = . Section 8. A cross ( +) placed in the voting square after the wort "YA73 in the scanner hereiebefore provided shall be counted in favor of the adoption of tha proposition. A cross ( +) placed in the voting =a. • • square after the word ON* In C'le manner ciere snbefore provided shall be e:s)W Wd agAinst tram a4op$iQn Of the prapvsitiosn. Sectista 9. That for the purpose or holding raid ai ecia: municipal bond alactim %here squill be and ere beareby eatablls =ted oighteen ` 18 ) aotin precincts desiVmted as hereinafter stated. Sash suds votin ° precinct stall cassaist or a consoll"tion of raeular election precincts in teas City of t wwpor6 Beach (of the numbers hereisaafter stated) estabiisned for the holding of state and eountq elections, as said regular election precincts exist on use date of adOp- tlon of this ordlnaar4e. That the N011ing ?SBCCO for the respective precincts WWI be the places nerein- after• desigrAtedi asad titsat the persona hereinafter rase:, being cozapetent Snot qualified eloston and residents of said city and of ttselr respective votinj prcclftetr, are aereby appointed officers of eleation for their respective votUM precincts and they &hall =:s14 said election and vA*e return- thereof in the scanner provided by lair. Voting 10r0ait34t 1 saseull eOYaslst Of regular eleetiwi preclssats Newport Beach 1 and 24 rolling Places L�r tle Residence 2�i9 - 40th Street Newport Beach lnspea tor s Slanche L. Lytle, 207 - 40th Street, wpa� Beach Judges Florence M. Gifrlord. 1?2t- 40th Street, Newport Beach Clerk: Phyllis L. Erg elks, 6601 Seashore prive, Newport Beach Clerks Josephine Cuhbage, 415 - 38th Street, 414waport Beach 5. • • Votinu; preeinet 2 aball consist of regular el.satiorl,, precx;,ets Newport beac . ? and 3 Polling Places City I-Lill 3300 Newport Boulevard ,Nwa;P0rt Beach 1w=ssyectora Julia 'jae Ugert, 1600, Went Ocean Front, Newtmrt Beach J%A,e,e 4 Alweli,a miode, 1611 West Balboa, Boulevard* wpor Beach Cle-ke Dorothy RobLnsons 11506 WaSt Ocean Fronts � Beach Clerks Geraldine NkNiei, 150 'Vent Balboa Boulevard, Newport Beach Voting prtminet 3 shall co"Ist of regular electiasa precincts Newport Beach 6 and 5 Polling rkac$s Fire station, 703 Last Bay, Balboa inepoctor: J. M. M. Leonard, duue; William L. HuMhr Clerks Arthur J. l omll, Ciarki Madge H. Perduyn, 301 Alvarado Place, Balboa ®ps, 330" East EdBr4ater, boial 106 F Street, Balboa- 305 Alvarado "lace, Balboa Votin:, j�reeiaet $ sxltasi consist of regular election yrecincts Neueport Beach 6 and 16 Folling Places Hyeer Garage 200 Abalone Balboa Island inspector., Elsie E. James, 333 Marine Avenue, Balboa Ulaac Judges Ica R. Rutter, 325 Grand Canals Balboa Island Clerk; lottie Dunker, 323 Grand Coal, balboa Island Clerks Karci.; Lowe, 118 Marine Avenue, Balboa Ielaancd 6. • 0 Voting Precinct x maall co..a:.ist of regular election precincts ftwport Beach 7 and 32 PAC; lin, Faace, Car"A del :fir Fire Ball 410 Xurigold Avenue Corona del flat ZttWetctcoaro Crewe A. Pbstard, 721 Haliotr" #venue, Corona del ?far Jog$; Marlon L. King, 611 iris Avenue, Corona del Mar a lark, Lydia Jugs, 613 :tr; iotrops Corona def Mar Clerk: MaLel .;Kay, 737 J" mine, Corona del Mar Voting preei.rxot 6 snail. consist of reaular el*ct on precincts Newport Beach d and 17 'taillAS x!380: Gr;�c:5ptkir isttt1a01 14th and Balboa Boulevard, Newport Beach Inap",v -or; Hazel M. Jones, 514 West Ocean Front, Newport ;r :e h J.� t GeMette M. Gordan, 1111 Vest Balboa Boulevard, Navport Beach Cltrkt Dorothy C. Evans, 309 Lino 4ewpcwt tech Clorkt Jan ircy, 614 West Ocean, Newport Desch Votix Precinct 7 shall consist of regular election yreebz us Newport leach 9 and 34 tolling t lado Soule Residence 433 HmImA 4 Drive Newport Beach Inspector; .Memo C. Soule, 433 Polmwood _*rive, Beach judso: Mildred Wrrell,, 4 idol sod nrive, Newport Reach Clerk$ Charlene Ross, 479 Folm. ooc Drive, Newport Beach Clerk- r,ladys R. 9accwt£, 416 Holm-food Drive, Newport Beach • Voting "l : eo 4alat of mgal -ar ®l *stion P"Ginct3 Newport Beach lit, 12 and 29 x1l: .nott Fruehan 3astelence 208 Opal Balboa Island lwo}sestaz a Virginias G. Alexander, 222 Collins Avenue, Sad es Balboa Island Bmdette Gay, 306 Ruby, Balboa Island Clerki Dorothy Frushan, i6g Opal, Balboa Island Clorki Ruth lbbetson, 112 Opal$ Balboa Island !Voting prealrruc 9 snal'A consist of resular e:ectlon precincts Newport Be"h 110 26 and 37 prt.l"116 Ylaecs Aitclv:ock Garage 619 Via Lido Soul Hm"rt Beaach a candy a° ; � Lary ori.e B. Letto, 104 Via Yalla, Newport Beach domes Helen Spies, 100 Via Quito, Newport Beach Clerk Doreesa D. Xarshall, 107 Via Florence, clerx; i 3i% �csQgi Frances Martindale, 101 Via Ravema, t,ffiwpott Be4ich Voting, precinct la shall consist of refalar election prccaFSatss ewport Beach 13 and 33 F?a>l link; z :: aeea s gear 1tasidence 213 iris Corona del liar iuefieastars Katherine A. 4urivn, 2u .iaeuu * Corona del r dudes s Cora 8. Bear, 213 leis, Corona dal %,Ur Clerk: s Gladys 4. Carlo 214 ::rlat ctbi "aaa del Maur C3ex'k: muml WmtOknk, 22G j4as:r", ubaa dal 74ar Cm yr,tcli ct U olual consist of regular < < °ctx a yt'ccfxteses 3awport Beach 149 21 and 38 c13it i' acv a Ccr+ ._:. ,el Mr Graxiaar school 610 carnation Corona del Mar 3xesi�eetar; Bolan e. Randel, $15 Dahlia, Judge: r4rona del Mar Rebecca A. BoDexaa, 614 Avocado, 3or4c: CoronA del Mar Narri�er Smith, 62.1 kzacia, Cl*rkt Carona del Azar Mary M. Wilson, 60 .Acacia rorona def Mar Votiab krocinct 12 anall ow sist of reF,u3ar e.i atl.on preeinc'tu Newport Beach 15 and 20 P011146 ""I :nth Garage 511 Aliflo Newport Beach X"POe U0r; Lucille Smith, Lela D. McMill xti'ks Maria Kimbell, Aeztc .Scan McMillan, 511 Al.izo, New?"t Usch tart, 540 Itedlan s, Newport Beach 518 Aliso, Newport Beach 2U12 Uroad Street, T"awport La"11 voting kreci.ntt 13 shall consist of regular election ,praoluo s Newport Beach 18 and 25 eolll. Pl a Deitrich Issidence 519 » ?.;t *e '>treat Nrwport Beach insimetor: tr h e.n - Ste& St L.a«iiln .�'s1vr.9.G�., ,max .��.z o.rtaet, El s" Beach El Y M6►'y i s" Nawlaadv 211 4134 Streat, Netyport Beach CIerkt O'l';iLas @iGj7, X63 FI alrwy, NaWo:t .Uach C-Ierki '. s _ 2X' rr Newport Beach a Ll • ir:+tS> j rCi�:aC 14 a -slat Of a's Asa el erlon precincts k4wport Seach 19 r-nd 28 Polling PlAce: Schwan Residence 1011 ri'ai Drive Newport Beach ansg�-*Ck*r-w Harald C. Ah- % -adt, ?030 Ocean Boulevard, Newport Z4,ach J'Adze, E334>4`ueth °i. °4a1:e' e., 1-530 Oc Sit Boulevard, - Newport 3each Clerk a J.aan " -1k' 7-••.+` 0A r! , ' :r * `+ ice-; -an boulevard, We %aeart Beach Clerk: A;atA:ik %,�.t3 A. +pith, 1-541 -lire r, Newport Beach Voting pr +cLnct l5 ^.ali Coz;slat of *`3ig.Il$f° Newport Beach 22 and 30 Icill"Ing P3aRea Cu mir4 }.aqua Usidence 503 Poinsettia CXO;;K,. 401 ,&ns ',c .qr; Atha K. Curmingham, 505 Poinsettia, Col. x" del Mar ud�3: Margaret mcv&V, 418 $arcisisus, Corona del Mar CIO,%24Cs Lois C. Gould, 518 poiauectia, r;rarmn:;,, 41 ter Clerics Alvah Arne Vary tai 4'B !`iaraissus, rcmcww;i del Mar Voting Preeinet 16 6hall consiat of regular elpatio. Precincts _'•cc rort "teach 23 and 31 Polling daces Lao Usi.dence Zit' Corona del. ~ Mar Inspector -, ��t4•�:C } Fj,s,tajcewp _?ta Fni.+enAFllp CoxoxtP. del Mar 3erctc : Grmcmei Keohnej 309 Fn- j,r-*eti1._?, Cr°a:+.s del !K8r Clerks %' a r^�rr11, z ^c� rr, -rt, . , Cere^s de !jmr Clarks Corona del Mar 100 0 0 Votairw yreeira %47 shrall consist of regwlw etieetlon Pme3.t cto Newport Beach 27 and iE= kolling r1aces WOr:V71 F3Ytsism ^x-'x ni Irvine Aveme & Cliff Drive tQ wport 5each IMP00 tsrt Lyla a. Dawson, 2Cf?1 C1iff Drive, Judges Betty Wright Dmsania&, 1019 Clay.. Street, Clarks Edith Galley, 24 O Coral Place, Beath Clerk, E1819 '?tiller, 20" Coral Puces z t Beach Voting p rocs of A Bet 11 consiat of rogular djeet;jon prelaUseta Mewport Bach 35 Polling Places 'Mitchell Garage . I ? . Irvine € weme Newport Beach irsa PectOrn Gathsri se Kital" 1, 1517 T_--vim Avenue, *deport Beach dudgen Ora Welty, 484 "at 15th Street, N�::x�rt Beach Clews Mina F. Mitchell, 2500 g ast 15th Street, - 4ewport Beach Clark& Gertrude Vorthen, 2212 L4sr,!�aret Drive. Newport Beach 11. aetlon 7. a t ,:a :coot <o owvrwise providAii L",. or" x - ;�, the 8186tion oalled hereby wha l be conducted as provided by lass for outer municipal else- time in said city, 6aei los 11. That the City Council of said city attall meet at its "Mal place of M ting in t°ae Cray "ll can T ues daq, Un 2lst day of No* 195T, at 71-30 W*lack F.X., of Bald day, and proceed to *WAY es t;-4 election returns and d wlwe the result of said election. Section 12. That the City Claris sasall certify to tat j>assags " aAepti+on of this ordinance by a vote of more then two - thirds of . ale of the members of ti°se City Co=eil or 4414 tasty, WW $hatll Cause this ordinance is be published aaee a week for two (2) w"ka in t o HXWPO T HAMOa XW51s3X# a newspaper of general ciraula- tIon, printed and pulali ha4 lase tram six (6) days a week in said city. W* other notice of such election need be given. Section 11q. This ordinances shall take @Met upon its adoption* mag SICKU OW APPROVED this dAY of , 1957, ATT Ts MY CUR o 'Me- C114 xwsatort aeaan, California (i) 12. or of 0 mwport Rash, Califtrala • STATE OF CALIFORNIA COUNTY OF s$; CITY OF F-1 I, City Clerk of the City of r4pjw fo�(Fj rO HEREBY dERTIFY that the for i ee was introduced said read at a regular meeting of the City Council duly held oat the � day of , 19�,,,� and thereafter at a regular meeting of said'City Council duly held on the day of , 19 was reread, duly passed and adopted by said City Coug—cffl and signed and approved by the Mayor of said City, and that said ordinance was passed and adopted by a vote of more than two - thirds of the members of said City Council, to wits AYESs Councilmen NOES- Councilmen ABSENT. Councilmen (SEAL) STATE OF CALIFORNIA City Clerk of the City of Alwyn Beach, Califwrrda COUNTY OF ) sa CITY OF ORMUE ) Ia City Clerk of the City of � ornia, DO HEREBY CERTIFY that the abov i g is a full, true and correct copy of Ordinance Noo of said city and that said ordinance was adopted atat tie and by the vote stated on the certificate attached thereto, and has not been amended or repealed. Dateds , 195 City Clerk of the City of (SEAL) Nowport Beach# C+lifernta 13. NOTICE 07 ELECTION Notice is hereby given that a special munici- pal election will be held in the City of Newport Beach on the 14th day of May, 1957, for the purpose of sub- mitting to the qualified voters of the City of Newport Beach for their approval or rejection the plans and terms for the joint acquisition, development and maintenance of a water supply for municipal and domestic purposes by the City of Newport Beach and the City of Costa Mesa and the construction of works necessary for the joint and several purposes and needs of said cities, and for the submission to the qualified voters of said city under Section 420 of the Charter of the City of Newport Beach a certain contract to run for a longer period than twenty -five (25) years. The polls will be opened between the hours of seven o'clock A.M. and seven o'clock P,M. GI.Sy G.Leric Dated l 1957. 1 2 3 4 5 Wi 7j 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 04 31 32 i rt; ��. 4 ii ,'i8: N ♦.': �. i ;, 4 a ,., ,�. said mitt lft the ;tame of SM tar aad an 'b f of tta Citg o:r MmTort Wit. t '-T r:_ IT, Uy of wh' 1957jo ty tbR fo2$owbw "U a4al vat** to wits A GCY SCNRO.UDR jai -m . a°, CI.T�1t1�:�24,..E, DORA Q. HILL jL i rt; ��. 4 ii ,'i8: N ♦.': �. i ;, 4 a ,., ,�. said mitt lft the ;tame of SM tar aad an 'b f of tta Citg o:r MmTort Wit. t '-T r:_ IT, Uy of wh' 1957jo ty tbR fo2$owbw "U a4al vat** to wits A GCY SCNRO.UDR jai -m . a°, CI.T�1t1�:�24,..E, DORA Q. HILL 1 2 3 4 5 6 7 M [:l 10 11 12 13 14 15 16 17 18 19 20 21 22. 23 24 25 26 27 28 29 qlj 31 32 I atGT1• WEMUM* thwe has belt &a tg4 t0 t* OM of the city of ftoqmt ftaoh at, a tom" .TOE 'Pan* ert O 1357 by ad betoaom � ftlW At xe� *Asmvh a wA - city � Costa me" with to tas agwisitlling conatruatlent maintmu ,. thdr�erts►; coaaasicting io as Water Stomp famm"r. 841 aP and _y'` •_ of w"'aweewnt raw surd" w4ma 064 aiol- MUMS are . #e 817d a tt ablaea 4 =_'.r�, T ' � IT RFSt??,V + that. the =' iwsu! �e cites -t be, atkd Lt y mv bWebys Outhertz" aM directed to Ortcute said AE-T'**=*At In the rom of arch tam and 00 bftar or the .40rt poweb. :ice abwe ZrA forwSow renolutlm Was duly am re arty t„. .c ItY C'cY[m l or tho el", of Newport .t re ' . == ^ ?E�t i ° w"tlng thommot hold 00 the if frr1,10VIng Tot", VjW,4 f N ' MARGERY SCHRDUDER �_ DORA O. HILL • 5LUTION xos Li USOLUTI Ni OF TMA CITf COUNCIL OF THR CITY OF NrdPOff MACH �ALIFOR:41A# Ir ING Ik M TO SC INTAWT AND MECRUITt MMlA O UM ACQUISITION AND COM33' UCTION OF A CMAIN XUNICI- PAL rgPRW AM �it°KI140 Pi1t�ilWS JWL�S�Yx's'iG TEit y The City Co nail of WW City of Newport boacho follows Seation 1. Tnat the public interest and necessity demand the acquisition and construction bpi this City of Newyort beach of a certain municipal Imorovement., to watt works for time storage, trans - mission and d1stribution of water necessary and proper for supplying water for the moo of &no city and its inhabitants (Including the siv$s share of the cost of a watop stogy reservoir, water transat ."lon lints " appurtonamess snd Appurtenant works to be Jointly owned wit)i the City of Costa ssjs and includ- in& " acg41sition of all 7 , sasestents, pipe$ pumps, valves, fittinga, motors, wsahinery, apparatus and of -.er property neoesssxy therefor, That the estimated cost of said municipal improvement is the SUTA of $ Section 8. That said municipal UVrovement requires an exyenditurlrr =j ester t ►an the awunt allowed for it by the annaaa 'Lags lily. aectlWl . That e4614 municipal improvement Is necessary anti convwuoht to`°snrrry out tie objeeta, i;uryooee wv3 vawers of tho City of sewport Desch. ADOPTED,* SIGH AND APPROVED tnta flair of ; 1957. A`i'c" "AST t 4 e or Fie city OF- Newport Beach# California (SLAL) 2. or or e city or 14owport Beach, California 0 STATE OF CALIFORNIA COUNTY OF �,j34-wn -- as. CITY OF s -X pp g �p,ch 0 V. I, City Clerk of the City o a} California, DO HEREBY CERTIFY that the _orego ng reso u.,ion was duly adopted by the City Council of said city and was approved by the Mayor of said city at a regular meeting of said City Council held on the day of , 19,i , and that it was so adoptTas follows: AYES: Councilmen NOES: Councilmen ABSENT: Councilmen (SEAL) City Clerk of the City of Newkore Beach, Cml2tornia STATE OF CALIFORNIA ) COUNTY OF <n..vno ) as. CITY OF , ACH ) I, RAM 9=2041111rbil ' City Clerk of the City of California, DO HEREBY CERTIFY that �n°�ov� 8hd foregoing is a full, true and correct copy of Resolution No. and that the same has not been amended or repea— (SEAL) DATED: , 19 5J. 3. City Clerk of e City of P.swfort Beach, Callrornia 0 iY1WLVTIOm OF Tug CITY COUNCIL OF THE CI9iY OF NEWPORT INCH CALIPOYiIA$ APPROVINO PLANS AND ;bQ RIND BY VM COWSUMM MR ACQUIRING AND MINTAININO A UM SUPPLY AND OROXR- IiiC, CALLING AND...19WIJ ING FOR A SPECIAL SLOCTTION TO BE HIS IN SAID CITY ON THE 14 "r-4 DAY OF MAY. 1957, FOR THE PUAPOJ19 OF SUW(ITTINO TO Tim. QUALIFIED VOTERS OF SAID CM A MPOSITION FOR TRY. APPROVAL OR TION OF 3AID PLANS AND TUM AMD A PROPOSITION POR Dig APPROVAL OF d CHMAIN CWTRACT AND CONSOLIDAT- ING SAID SLACTTON WITH THE SPECIAL WAICIPAL DOD RLICTION TO BE HELD IN SAID CITY ON SAID DATE. The City Council of t'►e City of Newport Beach, California, DDI'S HAY RESOL,V6, llis'TiSMINA AND ORDZR as follows: Section l., gnat pursuant to the provisions of Article 5. Catspter IO, kart 2, Division 3 of Title 4 of Via Government Code, this City Council has spPoint*d Commissioners to meet with like Commiasioners from the City at Costa Me" and consider tree desirability of the Joint acquisition. development and maintenance of a water supply for wzUAipal and da mestic puurposes$ and tote construction of works neceseary for the joint and several purposes and the nee" of both cities, Said Coauaiesioners stave oonsidered the plans and tome they doom feasible and equitable, and have agreed with like Co issionsrs from the City of Costs Me" wMm said plane 0 and terms and tiave report" th so to this City COUMII, ttaivied, herraw U.i su%rkad kxiilbit As aril made a part horeof, Is as copy of said report of said domissioners, S&U report and the gla ss and terms contained t3arein are herby proved. Section 2. that a special eleation be =42d w*4 the same is roreby calisd to be l eld in the city Of Newport seaats on t.-le 14th day of fay, 2957# for ezie p4rpose, of submirtircg to Una qualified voters of said. city for txeir approval or ret,oetUm said plans and tome Wpraved herain uxA: for the purpose of submitting to tl a qualified voters of said city under Section 420 of t sa Charter of Vie City of howport Beach a, certain contract to run for ea longer period taan twenty-five (25) yearb. Section 3. That if said plans aid terve and eoa trwts are approved by a majority of the voters vat- ix-W or. each or trso propositions at said electiosi, this city may begin developing or acquiring the 'rater supply In aaaordwwo witra said plans and trends aar+d said *on- treets stall be valid acid binding. 3octi n at. That t°is polls for said election Shall be open" at seven o'clock A,M, of the d4V of said election and 84411 remain opera contlrutously from said time until seven o'clock P.,M. at the same Jaye when said polls stall be e208ed, excerpt as provided in section 5734 of the alaatio--A +Golfe of the 3tate of Csalifor. 2. • • Section 5. TMt on the ballots to be used at said special election, in addition to any rather matters required by lass, there shall be printed sub- stsntiallY the followings MARK 00SM W ON BALLOT ONLY WITH_ STAMP, NEM WITH PEN OAR ft31CIL4 (ABSERM BAUA 1'S KAY BE MAii1L4D WITH PEN MW INK INDUCTIONS TO VOTM To vote can any measure, stamp a cross + In thfe voting Square aster the word "YES" or after the woad "No ". All marks except the cross (+) are forbidden. All dis- tinguishiyk-; marks or erasures are forbidden and make thsi ballot void. if you wrongly stamp, tear or deface this ballot, return it to the inspector of election and obtain another. Goa': absent voter ballots mark a cross ( +) With pen or pencil. 3. PROPOSITIcN NO. 2 - PLANS AND s TER M3 FOR WATER SUPPLY, JOINT s a s a POWERS A4.t NEW-31T: Shall the a s s t plazas and terms for th9 joint s : s acquisition, development and a a s maintenance of a water supply : s for municipal and daaestic : YES s a s purposes by the City cr Newport : a s Beath and the City of Costa Kesa : s and the construction of works : : necessary for the joint and s s several purposes and needs of a 1 3 said cities, all asset forth ; s in the report of the Ccmmeis- t`— 's *loners for the City of Newport s r : Reach which was approved by the t s i City Cecil of the City of s s Newport Beaah March 18, 195T, a and is on file in the Office of : NO the City Clerk of the City of Newport Reach, Including the point posers ac-lreamnent set Forth a : in said report (which is for a a a loner period than twenty -five (25f years), are approved? s : 3. t i n t s PROP041TION NQ, - THE t i t J NEWPORT $EA�.�np Cosm xizA, THE s t a : L;MLNL C;r ANY CONTRACTs Shall a t s tt�t Certain. contraot between s 1168 s t I the City of Newport BO&Ahs tde s t s a City or Cutta go" WA aw, a s a I 1"lum, Company, mart twu in the s t S repivrt of the Co iaslaw n for a t t s the City of art Boaah whie s t,,,� i : was approved by the City Cor�1l a s Is t s of tile city lur Newport. h s a s S ma eii 18, 1957, and is of file a t t s in th* Offioo of the City CIO* a SO f t I of the City of wort Heaera, s s a s aAR1 wttieta 1e for a longer yam a s : I than twenty -fi.ve ($5) yea's, be a t t a approved? s t s s t a s 38OUiora . ;, A erosa ( +) klaoed in the voting sere after the word "YES" In the manner hereinbefore provided assall be ecunted in favor of the adoption of the proposition.. A eroiss ( +) plaeed in the voting square after the word "NO" in the mwuwr herelabef " provided shall be counted against the pdosytion Or the proposition. i0ation T. That the special election horebY called shall be and is :wreby ordered consolidated w1 h the special wxdelpsal bond election to be 4014 in said city on r4eadag, Case 14th day of W, 195T, and such elections shall be held in all respects as if there were only am elections and only one form of ballot shall be u**4 thereat. The preelneta, polling placess and officers or elections for this special election shall be the amA aq those provided ror said special municipal bond election, and said preoinotsp polling place% and arneerm of election a" net roan In the ordinance providing for said special wuniaipal bond 40 elections to wits or4jn @.Ho• s &WVU4 1957# and entitled "An ovo"- ice or the city or Malt beachp California, orderings callings provLd33t for and givirw, notice of c ape elal miz%lalp l bond election to be . . l7eid in vie. City of epernepottt . an ease 14th day of fir, 1:3570 for the purpose of SwMattulz to teas qualified voters or &aid city a proposition to incur borAeed Indebtedness by said city for a certain municipal UVrove"nt." Section 8. That *xceept As Otherwise provided In this reeaolutiogs tine: election called hero%W shall, be hold " conducted as provided b,. law for other aunicipra elections in said city. Section g. That ue City council or said city aehall meet at its usual place of coveting in tha c14y pall an Tuesdays the list (uw or gay, 1957, at 7350 o'clock ?.Nos or said days and pro*"d to canvass the election returns m,4 declare V* result or said elesticne 3ectio n 10. That the City Clerk ahall publien notice of this election 'substantially in the foray set tortil In Elections Codes 9751 (except that the officer& stall be omitted) once in the NZWFOWr MAMOR S10% a newspaper of ponetral circulation pubiiarmd and simulated in $aidi ebitys not later Umn the l3rty- rourth (54th) day before said elections Not later 'Vnan forty(40) days prior to said cleeetiorn sa ld City Clark enall publish in acid newspaper B notice auhstantially i19 the fam provided In Election's Code Section 97533.1, except that said prsecUrtates polling 5. places atzd election oftioere abill be referred W by reference as €art Corti% iii cal.a resolution, Said Ci&y Clerk shell publish in 3aid news- ,paper at least twice b the do of sloction a notlee substar.tiaI24 In the fore .loquired by SUeotions, Code See- t1o11 9T55. the Synopsis to be the ballot propositions herein set forth. Said notice small also contain the report attaehod he"to as Exhibit A. Scatio n ll. Th4m resolution shall taker effect upon its adoption. tuiOMDg 31=2D AND A"WdiaT+ this day or March# .ate* ATTESTi cm clark or y or Newport Beach, California () s. or of a City of gowport Beach, California STATE OF CALIFORNIA COUNTY OF flaAMM 88. CITY OF )UO&M ZEACP' I, City Clerk of the City of g W ng ae aliri rnia, DO HEREBY e or CERTIFY that thego resolut ion was duly adopted by the City Council of said city and was approved by the Mayor of said city at a regular meeting of said City Council held on the day of ,. 195T , and that it was so adopEed as follows: AYES: Councilmen NOES: Councilmen ABSENT: Councilmen (SEAL) City Clerk of to City o Waw -rVrt Boacho Wift=la STATE OF CALIFORNIA COUNTY OF MANGS ss. CITY OF KEVPCW BUTT— i I, XOMMY SCHMUDER ' City Clerk of the City of California, DO HEREBY CERTIFY that the above and ro going is a full, true and correct copy of Resolution No. , and that the same has not been amended or repea e (SEAL) DATED: , 19 -M. 7. City Clerk of e City of Newport Beach, C411rornta DATE: March 18, 1957. TO: City Council of the City of Newport Beach. FROM: Commissioners of the City of Newport Beach. SUBJECT: Report on the plans and terms for the joint acquisition and construction of water supply works for the City of Newport Beach and the City of Costa Mesa. The undersigned Commissioners have been appointed by your Honorable City Council of the City of Newport Beach pursuant to the provisions of Article 5, Chapter 10, Part 2, Division 3 of Title 4 of the Government Code. Pursuant to said appointment and direction by your Honorable City Council said Commissioners have met with like Commissioners from the City of Costa Mesa and have considered the desir- ability of the joint acquisition, development and mainte- nance of a water supply for municipal and domestic purposes and the construction of works necessary for the joint and several purposes and needs of both cities. Said Commis- sioners have considered the plans and terms they deem desirable, feasible and equitable and have agreed with like Commissioners from the City of Costa Mesa upon said plans and terms and report them herewith to your Honorable City Council of Newport Beach. PLANS AND TERMS It is desirable, feasible and equitable that the Cities of Newport Beach and Costa Mesa acquire and construct a joint project which is common to both cities and consists of a water storage reservoir with water transmission mains and appurtenances and appurtenant works, and is more particularly described as follows: Unit Al: Unit Al shall consist of a water reservoir with an approximate stor- age capacity of 1200 acre -feet. The reservoir is to be located on The Irvine Company lands in the San Joaquin Hills northerly of Corona del Mar and easterly of MacArthur Boulevard and occupies a portion of Blocks Nos. 92, 93, 96 and 97, the common corner of each lying within the reservoir site. Unit A2: Unit A2 shall consist of a 36 -inch diameter pipeline relocating the existing Metropolitan Water District of Southern Oalifornia pipeline at the reservoir site. Unit A3: Unit A3 shall consist.of a 36 -inch diameter pipeline by- passing the existing Metropolitan Water District of Southern California Corona del Mar terminal reservoir. Unit A4: Unit A4 shall consist of all structures necessary for the meter- ing of water discharged into the reservoir and chlorination of water discharged from the reservoir. Unit B1: Unit B1 shall consist of a 48 -inch diameter pipeline bearing from the reservoir west - northwest across 2. T AN i MacArthur Boulevard to the southerly side of Big Canyon, thence northwesterly to the first Newport Beach connection at the southerly bluff of Big Canyon and The Irvine Company road in Block No, 56. Unit B2: Unit B2 shall consist of a 36 -inch diameter pipeline crossing Big Canyon to the northerly side, thence northeasterly along the bluff line to a point northerly of The Narrows. Unit B3: Unit B3 shall consist of a 48 -inch diameter pipeline crossing Upper Newport Bay. Unit B4: Unit B4 shall consist of a 36 -inch diameter pipeline bearing westerly to the second Newport Beach and Costa Mesa connections at 22nd Street and Irvine Avenue. The reservoir site and pipeline routes are shown on Exhibit 1 to the "Joint Powers Agreement of 1957 between City of Newport Beach and City of Costa Mesa" which agree- ment and exhibit are attached hereto, marked "Agreement 1 ", and made a part hereof. The estimated cost of said entire joint project is $ ,L 3 { 5 y , The proportionate sharing of the r cost of the acquisition and construction of said joint project by both cities is set forth in said Joint Powers Agreement of 1957, and the estimated cost of Newport 3. t • Beach ts share is $ 1, 33 Si 1 ` 10. It is desirable, feasible and equitable that (in addition to said joint project) the City of Newport Beach acquire and construct works for the storage, trans- mission and distribution of water necessary and proper for supplying water for the use of the city and its inhabitants, including the acquisition of all lands, easements, pipe, pumps, valves, fittings, meters, machinery, apparatus and other property necessary therefor. The estimated cost of said additional acquisition and construction is $ 1 3 00 AD— to be borne entirely by the City of Newport Beach. It is desirable, feasible and equitable for the purpose of securing a water supply to the City of Newport Beach and the City of Costa Mesa and for the acquisition, construction, maintenance, repair, manage- ment, opeVation and control of said joint project that said cities should execute said agreement entitled "Joint Powers Agreement of 1957 between City of Newport Beach and City of Costa Mesa ". It is desirable, feasible and equitable for the purpose of acquiring the site for said reservoir _ and the easements for the necessary water transmission lines and access roads that said cities execute a certain agreement with The Irvine Company, which said agreement is attached hereto, marked "Agreement 2 ", and made a part hereof. 4. 1 , It is desirable, feasible and equtable that the cost of the acquisition and construction by the City of Newport Beach of the works for the storage, trans- mission and distribution of water set forth in this report be paid from the proceeds of general obligation bonds of the city and that your Honorable City Council submit to the qualified voters of said city a proposi- tion of incurring indebtedness and issuing bonds of said city therefor. It is desirable, feasible and equitable in accordance with the provisions of said Article 5 that your Honorable City Council submit to the qualified voters of said city at said election a proposition for the approval or rejection of the plans and terms set forth in this report. It is desirable, feasible and equitable that in accordance with the provisions of Section 420 of the Charter of the City of Newport Beach your Honorable City Council submit to the qualified voters of said city at said election a proposition for the approval of said agreement with The Irvine Company. Respectfully submitted, lcf �--+ Fames B. Stoll ar , ouncTimangy Rio ert Kelton, City Manager arl Lynn Dav s, Ulty Attorney Commissioners of the City of Newport Beach, California 5. 5 ' JOINT POWERS AGREEMENT OF 1957 BETWEEN CITY OF NEWPORT BEACH AND CITY OF COSTA MESA WHEREAS, the City of Newport Beach (hereinafter sometimes re- ferred to as "Newport Beach "), is a municipal corporation organized and I } existing in the State of California under and by virtue of a charter duly ratified and approved; and WHEREAS, the City of Costa Mesa (hereinafter sometimes referred to as "Costa Mesa "), is's municipal corporation organized and existing in the State of California under and by virtue of the general laws of said State; and WHEREAS, each of said cities need water storage; and WHEREAS, each of said cities has power to acquire, construct, maintain, repair, manage, operate and control a joint project consisting of a water storage reservoir, with water transmission mains and appurte- nances and appurtenant works, and pursuant to Article 5, Chapter 10, Part 2, Division 3, Title 4 of the Government Code, each city has com- pleted the steps necessary as a prerequisite to the submission of the plans and terms for the acquisition and construction of said joint project to their respective qualified voters for approval or rejection; and WHEREAS, each of said cities intends to submit to its voters a proposition to authorize the issuance of bonds to pay its share of the cost of the acquisition and construction of said joint project; and WHEREAS, the acquisition and construction of the joint project serving both cities will result in the saving of a substantial sum of money to each city and is in the public interest; and WHEREAS, each city is authorized to contract with the other for the joint exercise of any common power under Article 1, Chapter 5, Division 7, Title 1 of the Government Code; -I- Agreement 1 q � r NOW, THEREFORE, the CITY OF NEWPORT BEACH and the CITY OF COSTA MESA for and in consideration of the mutual promises and agreements herein- after stated and the performance thereof, and for other valuable and adequate consideration, do promise and agree for and on behalf of them- selves and their successors in interest as follows -2- s f M r .y Section 1. Purpose of Agreement, Common Power to be Exercised, Termination. This agreement, made under the provisions of Article 1, Chapter 5, Division 7, Title 1 and Article 5, Chapter 10, Part 2, Division 3, Title 4 of the Government Code, is for the purpose of securing a water supply to each city, and each city has in common the power to acquire, construct, maintain, repair, manage, operate and control the joint project hereinafter described in Section 3 hereof, for its water supplyi Said purpdse will be accomplished and said common power exercised in the manner hereinafter set forth. Time is of the essence of this agreement. This agreement may be amended, modified, renewed and extended by said cities by mutual consent. Said agreement shall continue for forty (40) years, unless earlier termi- nated by said cities by mutual consent. Unless further agreement is made upon termination of this agreement the city owning the majority interest in any unit of said joint project shall within two months after said termination offer the other city a reasonable price for its mi- nority interest in said unit. If the other city refuses to accept said price,thedatermination of the reasonable price shall be submitted to arbitration as herein provided. Payment of said price shall be made within a reasonable time and concurrent with such payment a con- veyance or conveyances granting the city owning the majority interest in said unit all the right, title and interest of the city owning the minority interest in and to said unit shall be delivered. Unless further agreement is made or unless otherwise provided for in this agreement, upon termination of this agreement after completion of its purpose any surplus money on hand shall be returned in proportion to the contributions made -3- Section 2. Newport Beach to Administer. The City of Newport Beach shall, subject to the restrictions set forth in its charter, administer and execute this agreement and do all acts necessary for the exercise of said common power for said purpose. Contributions shall be made from the treasury of each city as hereinafter set forth for the accomplishment of the purpose of this agreement and the funds paid to Newport Beach may be disbursed by it as hereinafter set forth. Any use or improvement of the land or facilities described herein, other than those uses or improvements necessary to the storage and distribution of water, shall not be permitted unless mutually agreed upon by both cities -4- i V -1 Section 3. The Joint Project. The joint project is common to both Newport Beach and Costa Mesa and consists of a water storage reservoir with water transmission mains and appurtenances and appurtenant works and is more particularly described as follows: Unit Al: Unit Al shall consist of a water reservoir with an approximate storage capacity of 1200 acre -feet. The reservoir is to be located on The Irvine Company lands in the San Joaquin Hills northerly of Corona del Mar and easterly of MacArthur Boulevard and occupies a portion of Blocks Nos. 92, 93,96 and 97, the common corner of each lying within the reservoir site. Unit A2: Unit A2 shall consist of a 36 -inch diameter pipe- line relocating the existing Metropolitan Water District of Southern California pipeline at the reservoir site. Unit A3: Unit A3 shall consist of a 36 -inch diameter pipe- line by- passing the existing Metropolitan Water District of Southern California Corona del Mar terminal reservoir. Unit A4: Unit A4 shall consist of all structures necessary for the metering of water discharged into the reservoir and chlorination of water discharged from the reservoir. Unit B1: Unit B1 shall consist of a 48 -inch diameter pipe- line bearing from the reservoir west - northwest across MacArthur Boule- vard to the southerly side of Big Canyon, thence northwesterly to the first Newport Beach connection at the southerly bluff of Big Canyon and The Irvine Company road in Block No. 56. Unit B2: Unit B2 shall consist of a 36 -inch diameter pipe- line crossing Big Canyon to the northerly side, thence northeasterly along the bluff line to a point northerly of The Narrows. Unit B3: Unit B3 shall consist of a 48 -inch diameter pipe- line crossing Upper Newport Bay �J� .w i • • Unit B4: Unit B4 shall consist of a 36 -inch diameter pipe- line bearing westerly to the second Newport Beach and Costa Mesa connections at 22nd Street and Irvine Avenue. The reservoir site and pipeline route are shown in Exhibit 1. Section 4. Ownership of Joint Project. The cities shall own the joint project as tenants in common in the following proportions in the several parts thereof: Unit Percentage Ownership Item Newport Beach Costa Mesa Al 51% 49% A4 51% 49% Bi 55.2% 44.8% B2 25% 75% B3 25% 75% B4 25% 75% Upon termination of this agreement said ownership shall continue as it was on the date of said termination until changed by further agree- ment or pursuant to this agreement. Units A2 and A3 are to be a part of the joint project in that the cost of each is to be shared 51% by Newport Beach and 49% by Costa Mesa, and each is to be acquired and constructed pursuant to this agreement, but since each is a modification of the existing facilities of the Metropolitan Water District of Southern California each is to be owned by said district and not by said cities -7- Section 5. Capacity Rights in the Reservoir. Each city shall have capacity rights in the reservoir in proportion to its ownership, which shall remain the same regardless of the amount of water used or stored. Each city may lease its storage capacity only to the other -8- 0 Section 6. Construction. The costs of the acquisition and construction of the units of the joint project as described in Section 3 hereof shall be shared by each city in proportion to the ownership thereof. Newport Beach shall acquire and construct said joint project. The original plans and specifications as a unit or in parts for the acquisition and con- struction of said joint project shall be made by the jointly selected project engineer (s), and approved by both cities. Said joint project may be acquired or constructed as a unit or in parts in the discretion of Newport Beach. These approved plans and specifications for the acquisition and construction of said joint project, or a part thereof, if modified by Newport Beach, shall be submitted to Costa Mesa which shall have thirty (30) days to study said modifications and return them with recommendations to Newport Beach.. If said plans and speci- fications as modified are approved by Costa Mesa before said thirty (30) days elapses Newport Beach shall proceed immediately to acquire and construct said joint project. If said thirty (30) days elapses and Costa Mesa does not return said plans and specifications with recommendations respecting the modifications, Newport Beach shall proceed immediately to acquire and construct said joint project. If Costa Mesa returns said plans and specifications as modi- fied with recommendations for modifications thereto within said thirty (30) days, Newport Beach shall consider the desirability of the recom- mendations. Said recommendations are advisory only. Newport Beach, in its discretion, may make what modifications it finds desirable or none whatever and shall immediately proceed to acquire and construct said joint project. Costa Mesa expressly agrees that the decision of Newport Beach with respect to all modifications to the plans and specifications shall be final and conclusive. Newport Beach shall proceed with the acquisition and con- struction of said joint project and continue the same to completion with all practical dispatch and in an economical manner. Any time after the opening of bids and before awarding q contract Newport Beach shall notify Costa Mesa of the amount of its liability on 10 said contract and Costa Mesa shall deposit with Newport Beach, which the City Treasurer shall keep in a special fund, the amount of its liability in said contract, plus a reasonable surplus for contingencies. If practicable, such funds shall be invested so that the same shall draw interest. In letting all contracts, Newport Beach shall require the contractor to furnish a bond for faithful performance and a bond for labor and material. If, after completion of the acquisition and construction of any unit of said joint project and the payment of the contract price therefor, there remains surplus money in the special fund kept for the payment thereof said surplus money shall be returned in proportion to the contribution made. Costa Mesa expressly agrees that the decisions of Newport Beach as to advertisement for bids, award of contracts, and the amount of liability of the cities thereunder shall be final and con- elusive"_._.__---- ..._.._ .. ....... ..._ . , .... ...., ._ . _ __.. -10- . Section 7. Maintenance and Operation. Newport Beach shall receive water into the reservoir and maintain and operate said reservoir and the rest of the joint pro- ject in an efficient manner, and maintain and preserve said joint project in good order and top efficiency, all in accordance with recognized engineering practices. Newport Beach shall be responsi- ble for the metering of water into and out of the reservoir so that it can be determined how much water each city is using and how much water each city has stored in the reservoir. Meters shall be read at reasonable intervals and losses calculated. Newport Beach shall inspect the joint project at reasonable intervals (but this shall not prevent Costa Mesa from making its own inspections at any time so long as the operation of the joint project is not hindered). The costs of maintenance and operation of the units of the joint projects as described in Section 3 hereof shall be shared by each city in proportion to ownership thereof. All other costs of maintenance and operation not directly attributable to a unit of said project shall be shared by each city in proportion to total ownership in the project. -11- Section 8. Repair. Said joint project shall be maintained by Newport Beach in good working order and top efficiency. Expenditures required to keep such project in such order and efficiency are maintenance and operation expenses, and are not considered "repair ". Breaks, failure of parts, damage and the like items which are not part of every day operation and maintenance are considered repair and it shall be the duty of Newport Beach to make such repairs. The costs of such repair of the units of the joint project as described in Section 3 hereof shall be borne by each city in proportion to owner- ship thereof. In the event of a major disaster (whether from natural causes such as earthquake and the like or man made such as explosion, attack by nuclear weapons and the like) it might not be desirable and in the public interest to repair or rebuild said joint project. If either city so decides it shall, within one hundred eighty(180) days from said disaster, notify the other, and then the other city may proceed to repair and reconstruct such joint project, and should such repairs and reconstruction be made, the proportionate ownership and capacity rights of the non - participating city shall be reduced by what would have been its proportionate share of said re- pair and construction cost. The reasonable value of the participat- ing city's share shall be proportionately increased —12- Section 9. Records and Accounts. Newport Beach shall keep proper books of records and accounts in which complete and correct entries shall be made of all transactions (including all receipts and disbursements) re- lating to the acquisition, construction, administration, mainten- ance, operation and repair of said joint project. Said books and records shall, upon written request be subject to inspection, by any duly authorized representative of Costa Mesa. Said books and accounts shall be audited annually by an independent certified public accountant or firm of certified public accountants appointed by Newport Beach, and a copy of the report of such accountant or accountants shall be delivered to both cities. The expense of said audit and other record keeping and accounting costs shall be shared equally by Newport Beach and Costa Mesa -13- Section 10. Insurance, Newport Beach shall at all times maintain with responsi- ble insurers all such insurance on said joint project as is customarily maintained with respect to works and property of like character against loss of or damage to such works or property, Newport Beach shall also maintain with responsible insurers work- men's compensation insurance and insurance against public liability and property damage to the extent reasonably necessary to protect both cities. The cost of such insurance shall be borne equally by the two cities -14- Section 12. Severability. If any section, subsection, sentence, clause or phrase of this agreement, or the application thereof, to either city, or any other person or circumstance is for any reason held invalid, the validity of the remainder of the agreement or the application of such provision to the other city, or to any other person or circumstance shall be deemed severable and shall not be effected thereby. Each city hereby declares that it would have entered into this agreement and each section, subsection, sentence, clause and phrase thereof irrespective of the fact that one or more section, subsection, clause or phrase, or the application thereof to either city, or any other person or circumstance be held invalid r" -16- Section 13. Effective Date. This joint powers agreement shall be valid and binding as of the date of execution hereof, but there shall be no liability under it unless bonds to pay the cost of the acquisition and con- struction of said joint projects are authorized by the voters of both cities, and if said bonds are not authorized before June 30, 1957, this joint powers agreement shall be null and void r y -17- IN WITNESS WHEREOF, each city 1AUch is a party hereto has caused this instrument to be executed by its respective officials theretofore duly authorized by the legislative bodies thereof. APPROVED AS TO FORM City Attorney of the City of Newport Beach ATTEST: City Clerk ATTEST: City Clerk -18- CITY OF NEWPORT BEACH By Mayor CITY OF COSTA MESA Mayor bq.;T � .S V `:v: �'r�r�.I /mil _ J -,•. '�J �� �, f•- � 00 0o p o !j 1yl 'A ° Y. Y. 4 0 • 4 • x !p , 1 Z ./ ,�.Q kk - cn!!! ' ��� .i �. .{• �Y , vy. L v Cy, y. C w C. •. C r v� r' F., \` i p 3 J/ �. \i C� ,.�,:: u •p • ° •O •O 0• O° 0.0' ✓ 'd'�1 :1 /♦ I� �( 6 2 W y 2 V 2 V 2 V V 2 42 V 2 :7 } : r \ a l t W 41 uj kk [J b b b AVM \ r , Y, v 7 x; m� r x ti b �. ,I Q Q Q Q m m � O /`'�4 ' ^�Jf �_' � v�- �J� / � i x + ,r� 11�v r r t - k' Z W • � � � \,,, \: - .. JI ss � � :[ � �. L7 �-\ i '� + - t // � � \ - ,> J,r r � -x a �•' Q o >r..d � ° � �.�)1,A .�A �. jP . v.� �Y�.. %Jfh)✓i ��c � -a' ✓ , l,r, �. / a -.�s � z Nom, y ka �a f r `says V '°•� -vim;. \ ( -.���t � � :U � .;.. -- '. T° 4... -� J �l S ��':• +' q : ��. o r w; y jl- 4r, 4 }� - • -..,,� .' �. i 9'b s. vul ti N L i I \ . t ,✓ N 4 Y '1 ° �' � 1 I \ 4 ) % I /. I /1 -�.I t 1. •- 1111 1 i° I x i ii "m. Ail m J v I x i ii "m. Ail A G R E E M E N T THIS AGREEMENT made and entered into this pith day of 11arch , 1957, by and between THE IRVINE COMPANY, a corporation organized and existing under the laws of the State of West Virginia (hereinafter referred to as "IRVINE "), and the CITY OF NEWPORT BEACH, a municipal corporation organized and existing in the State of California under and by virtue of a charter duly ratified and approved (hereinafter sometimes referred to as "NEWPORT BEACH "), and the CITY OF COSTA MESA, a municipal corporation organized and existing in the State of California under and by virtue of the general laws of said State (hereinafter sometimes referred to as "COSTA MESA "), W I T N E S S E T H: WHEREAS, each of said cities is in need of a water storage reservoir, with water transmission lines and appurtenant works, for impounding and distributing water for municipal pur- poses in each of said cities; and, WHEREAS, said cities have entered into a joint powers agreement for the acquisition, construction, maintenance and operation of such water storage reservoir and appurtenant trans- mission lines and other works, pursuant to Article 5, Chapter 10, Part 2, Division 3, Title 4, and Article 1, Chapter 5, Division 7 of Title 1 of the California Government Code; and, WHEREAS, pursuant to said provisions of said Government Code, each of said cities intends to and will submit to its qualified voters for approval or rejection the terms and plans -1- Agreement 2 for the acquisition and construction of said joint project, including the terms of this agreement, and a proposition to authorize the issuance of bonds by each of said cities to finance the cost of the acquisition and construction of said joint project; and, WHEREAS, it is necessary that said cities acquire from IRVINE the reservoir site and the easements for access road and appurtenant water transmission lines hereinafter designated to enable said cities to construct and carry out said joint project; and, WHEREAS, IRVINE is willing to convey said reservoir site and appurtenant easements upon and subject to the reser- vations, covenants and restrictions hereinafter set forth; and, WHEREAS, the acquisition of said reservoir site and appurtenant easements in accordance with the terms, covenants and agreements as set forth in this agreement will result in substantial saving to both of said cities and is in the public interest; NOW, THEREFORE, for and in consideration of the mutual promises and agreements hereinafter set forth and the performance thereof, the parties hereto hereby agree for and on behalf of themselves and their respective successors and assigns in interest, as follows: ARTICLE I A. Upon the delivery of this agreement as hereinafter provided in Article III, and in consideration of and in ex- change for the performance of the covenants and agreements hereinafter provided to be performed by the cities hereinabove named, and each of them, and their respective successors and assigns in interest, but without monetary consideration, _g_ IRVINE hereby agrees to grant and convey to NEWPORT BEACH and COSTA MESA, upon and subject to the reservations, cove- nants and restrictions hereinafter set forth, and for the uses and purposes hereinafter designated, a parcel of land in the County of Orange, State of California comprising 70 acres, more or less, located in portions of the southeast quarter of Block 92, the northeast quarter of Block 93, the northwest quarter of Block 96 and the southwest quarter of Block 97, all in Irvine's Subdivision as shown on map recorded in Book 1, Page 88 of Miscellaneous Maps, records of Orange County, California (hereinafter sometimes referred to as the "reservoir site"). SUBJECT TO an easement of record in favor of Metropolitan Water District of Southern California, for the replacement, repair, maintenance and operation of a water transmission line and its appurtenances. B. The conveyance of the reservoir site shall be made and accepted upon and subject to the following covenants and restrictions which shall operate as covenants and restrictions running with the reservoir site and with the water storage and other appurtenant works and facilities to be constructed and maintained thereon, which covenants and restrictions shall run in favor of and shall be enforceable by IRVINE and its successors and assigns, and shall be binding upon and enforce- able against NEWPORT BEACH and COSTA MESA, or either of them, and their respective successors and assigns, to wit: That said cities shall cause to be constructed in and upon said reservoir site a water storage reservoir and appurtenant works and facilities in accordance with the terms -3- 0 , . % and plans of the joint project as approved by the voters of said cities as aforesaid, and that after said water storage reservoir and appurtenant works and facilities shall have been so constructed and installed in and upon said property, said cities and their respective successors and assigns shall cause the same to be maintained and operated for the purposes hereinabove provided, and for no other use or purpose. C. Upon the delivery of this agreement as hereinafter provided in Article III, and in further consideration of and in exchange for the performance by said cities of the covenants and agreements hereinafter provided, IRVINE agrees to convey to NEWPORT BEACH and COSTA MESA, by written instru- ment, the following easements, subject to the reservations, covenants and restrictions and for the uses and purposes here- inafter set forth, to -wit: (1) A perpetual easement thirty (30) feet in width for the construction, installation, replacement, repair, main- tenance and operation of pipe lines and appurtenant works and facilities for the transmission of water from said reservoir site and across lands of IRVINE extending from said reservoir site to or near the intersection of 22nd Street and Irvine Avenue in the City of Newport Beach, as generally delineated on the map marked Exhibit "1" attached to said joint powers agreement (hereinafter referred to as the "pipe line easement "). (2) A perpetual easement forty (40) feet in width for road purposes for ingress and egress to and from the reservoir site over and across lands of IRVINE from a point on MacArthur Boulevard and thence to the reservoir site by the most practical route to be mutually approved by the parties -4- F • > hereto upon the final survey thereof as hereinafter provided (hereinafter referred to as the "access road easement "). D_ The conveyance of said pipe line easement and access road easement, and each of them, shall be made and accepted upon and subject to the following reservations by and in favor of IRVINE and its successors and assigns, to -wit: (1) The right to construct, install, replace, maintain, operate and use over, under, across and along each of said easements, roads and streets, and pole lines, pipe lines and other facilities for the transmission of oil, water, sewage, electricity, telephone and other purposes not inconsistent with the use of said easements by said cities. (2) The right to use the surface of said pipe line easement, or any part thereof, for grazing, farming and any other purpose that shall not prevent or interfere with the use of said easement by said cities. (3) The right to the joint use of said access road easement, or any part thereof, for road purposes. (4) The right at any time to relocate said access road easement, or any part thereof, and to provide and convey to said cities, subject to the same reservations, covenants and restrictions herein provided, another convenient route or routes therefor without expense to either of said cities, in any of which events all rights of said cities, and each of them, in and to the abandoned portion or portions of said easement shall terminate and each -of said cities shall, in writing, quitclaim all rights in said abandoned portion or portions of said easement to IRVINE. E. The conveyance of said pipe line easement and said access road easement, and each of them, also shall be made and accepted upon and subject to the following covenants and -5- I I a t 6 % restrictions which shall run with each of said easements, in favor of and enforceable by IRVINE and its successors and assigns, and binding upon and enforceable against NE14PORT BEACH and COSTA MESA, or either of them, and their respective successors and assigns, to -wit: (1) That the water transmission pipe lines to be constructed and installed in and along said pipe line easement shall be buried at such depth or depths as shall be determined by the consulting engineer of said joint project and as shall be mutually approved by the parties hereto upon the completion of the final survey and plans therefor. (2) That each of said easements shall be used for the purpose hereinabove set forth in subparagraphs (1) and (2) of section C', respectively, and for no other use or purpose, (3) That the use of said access road easement shall be limited to the authorized agents of the respective parties hereto and shall not be opened or dedicated to use by the general public except by and with the written consent of IRVINE. F. Prior to the conveyance of the reservoir site and the easements hereinabove provided, each of the same shall be surveyed and the description thereof prepared by or under the supervision of the consulting engineer for said joint project, and when such descriptions shall be mutually approved by the parties hereto, a written conveyance of said reservoir site and easements shall be executed in trip- licate by IRVINE accordingly, subject to the reservations, covenants and restrictions hereinabove set forth in sections B, D and E of this Article I, respectively, and all executed copies of said written conveyance shall be deposited in the 20 c 0 9 escrow hereinafter provided for in Article III. G. It is understood and agreed that IRVINE shall not be obligated to furnish said cities any title insurance in connection with any of the conveyances hereinabove provided. ARTICLE II A. In consideration of and in exchange for the conveyance hereinabove provided for in Article I. and simultaneously therewith and as a part of the instrument of conveyance, NEWPORT BEACH and COSTA MESA, and each of them, hereby agree to grant to IRVINE and its successors and assigns in interest, the right at all times to take water from any of the pipe lines used for the transmission of water from the reservoir hereinabove referred to in Article I, at the same rates and subject to the same rules and regulations as may be established from time to time by NEWPORT BEACH for its water consumers within its city limits, and the right to transport the water so taken to and to use the same on the lands of IRVINE, or any part thereof, lying within the present boundaries of COASTAL MUNICIPAL WATER DISTRICT but outside of the present boundaries of NEWPORT BEACH and COSTA MESA and LAGUNA BEACH COUNTY WATER DISTRICT, subject, however, to the provisions of Section C. of this Article II. B. NEWPORT BEACH and COSTA MESA, and each of them, hereby further agree to install and thereafter maintain under said joint powers agreement outlets in said water pipe lines for the delivery of water to Irvine as hereinabove provided, at such points thereon as shall be designated by IRVINE and as shall be approved by NEWPORT BEACH as the administrating agent of said joint project, and to install and thereafter maintain -7- • •V O at each of said points of delivery a meter for measuring the quantity of water taken by IRVINE thVrefrom, and IRVINE agrees to pay to said cities the cost of installing said outlets and meters, and IRVINE, at its expense, and without any expense to said cities or either of them, will install and maintain the pipe line for the transportation of the water taken by IRVINE from each of said points of delivery. C. All water taken by IRVINE as hereinabove provided shall be used by IRVINE and /or water users or consumers on any part of the lands of IRVINE hereinabove designated in Section A of this Article II, and not elsewhere; provided, that if and when any portion of said lands is annexed to NEWPORT BEACH or to COSTA MESA or to LAGUNA BEACH COUNTY WATER DISTRICT and water for such annexed land is supplied thereto by or through any of said public agencies, the rights of IRVINE to use water taken as aforesaid on such annexed land shall terminate; and provided further, that if and when all of the lands of IRVINE hereinabove designated shall be so annexed and shall be so supplied with water, all rights of IRVINE to take water as provided in this agreement shall terminate. ARTICLE III This agreement shall be executed in triplicate and all executed copies thereof shall be deposited in escrow with such bank or trust company as the parties hereto shall mutually select and shall be held therein pending the submission by NEWPORT BEACH and COSTA MESA to their respective qualified voters for approval or rejection of the terms and plans for the acquisition and construction of said joint project, includ- ing the terms of this agreement, and for the issuance of said M V J A , \ . Y "i. !, bonds to finance the cost thereof, pursuant to the provisions of law applicable thereto. If the qualified voters of either of said cities shall reject the terms and plans for the acqui- sition and construction of said joint project, including the terms of this agreement, and /or shall defeat the proposition for the issuance of said bonds, on or before the date speci- fied therefor in said joint powers agreement, or if on or before said date either or both of said cities shall fail to submit said propositions to their respective qualified voters for approval or rejection, then and thereupon this agreement shall be null and void and all executed copies hereof and of the aforesaid instrument of conveyance if deposited in said escrow, shall be released therefrom and returned to IRVINE. If, however, the qualified voters of both of said cities shall approve the terms and plans for said joint project, including the terms of this agreement, and shall approve the issuance of said bonds, in the manner provided by law and within the time specified in said joint powers agreement aforesaid, and if within nine (9) months thereafter said cities are ready and able to award and shall award the contract or contracts for the construction of said reservoir in accordance with the approved terms and plans of said joint project, then and thereupon this agreement shall become valid and binding and the executed copies hereof and of the aforesaid instrument of conveyance deposited in said escrow shall be released therefrom and a copy thereof shall be delivered to each of the parties hereto. IN WITNESS WHEREOF, IRVINE has caused this agreement to be executed by its officers thereunto duly authorized . CM 4 ' 3 by its Board of Directors, and NEWPORT BEACH and COSTA MESA each has caused this agreement to be executed by its officials thereunto duly authorized by its legislative body. THE IRVINE COMPANY, a corporation ATTEST: City Clerk ATTEST: City Clerk APPROVED AS TO FORM: City Attorney of the City of Newport Beach By President By Secretary CITY OF NEWPORT BEACH By Mayor CITY OF COSTA MESA City Attorney of the City of Costa Mesa -10- Mayor 0 0 • -3956 - Net,rport leach • -3950 - Cc&a Mesa J`9B:HS 10 3 -12 -57 �? BOND PROPOSI`T'ION: Shall the City of incur a bonded indebtedness L! the principal sum of $ for the purpose of tae acquisition and construction by said city of a certain munisipal improvement, to wit: works for the storage, transmission and distribution of water necessary and proper for supply- ing water for the use of the city and its inhabitants, (including the city's share of t'-e cost of a water storage reservoir, water transmission lines, and appurtenances and appurtenant works to be jointly owned with the City of Costa Mesa), and including the acquisition of all lands, easements, pipe, pu+rr;s, valves, fittings, meters, machinery, apparatus and other property necessary therefor? CITY OF NEWPORT BEACH CALIFORNIA tUrah 11, 1957 , Mr. insane N. VAmeler Duane W. 'l. ler and CoMaa} iglu torte Virgil Aveme Los A.r4ele& 29, CalifU::aia Dear %r. 61uelar: As you uses, the Citica or :da:raort beach and Costa Mesa are contemplating a joint acquisition and water bowl electi,a, and off cials of butte :sties have at various tiros discussed with you seal others tat-, GelecMx Y of as election supply house, Lucludtrg Aethwdt, -it selection. The City Clzr.cs Of the tw sAtzesi its the uffIc aLs responsible for election arrant; m utaa, - Yropose and intend to aNi'.ay t`:ae firm of Hsz• in c,ad Chapman Zar the suajeot election. Her. Unger &ad 1 are agreeabie to this, rwa oie nizing taut there are valid reasons for the eaui4s, and t''ut the selection is diacrctLouary with ttu City Clarks. In behalf of alt Local officials who have discussed this n>tatter with you, phase ac;;e i-t uur thaws for yoQr Laterest send helpful convent. Siutr'raly, tsnal�.f'at 'riiC. I.Trii r5:ld�Q City mam er :;G: M. :ichrouder, City Clock ;s. Schwartz, City Clerk Robert linger, City manaYsr O'halveny 5 Myers 40-41-- — 0 9 ,,City of Xewport BeddL California February 15, 1957 Fairview County Water District 1971 Placentia Costa Mesa, California Attn. William T. Scott, Manager Gentlemen: Your letter of January 28, 1957 addressed to seven public agencies in this area, was received and filed by the City Council of Newport Beach at its meeting of February 11. The City Council further directed that a letter be written to you summarizing the viewpoint of the City of Newport Beach with respect to the pro- posed reservoir project. The members of the City Council wish to emphasize three points which are considered pertinent to the subject. 1) The demand for greatly expanded water storage facilities to serve the harbor area, and Newport Beach in particular, is extremely urgent and requires early and.decisive action. N�� f TCL[PNON[ HARMON 3131 2) Following the submission, last August, of the Mont- gomery report on the proposed reservoir, the City of Newport Beach initiated meetings intended to determine whether the seven public agencies that could potentially benefit from the reservoir were interested in prompt and direct participation in the cost of its construction. In the apparent absence of such interest, alterna- tives were explored, including the possibility of financial aid from the Metropolitan Water District, a request for which was denied. After Newport Beach had seriously considered the necessity of proceeding on its own to construct the facility, the City of Costa Mesa made known its desire and intention to join in the project. The Laguna area water districts, which had expressed interest in alterna- tive methods of financing, were then asked by Costa Mesa and Newport Beach if they desired to act promptly to participate with the two cities in developing the project, and indicated their inability to do so at this time, and their preference for exploring other alter- natives. In the absence therefore of any concrete evidence of early Fairview County Water District -2- February 15, 1957 interest from the other agencies, the cities of Costa Mesa and Newport Beach proceeded with plans for a joint project. 3) It is the opinion of the City Council of Newport Beach that it is premature to conclude that the proposed joint project is unfair or unworkable, because of the absence at this time of all of the facts pertaining to the project. Engineering, financial, and legal aspects of the proposed project are all currently undergoing study and none has been finalized. The propriety, equity, and work- ability of the project, the impact of its cost and its overall value in serving the water needs of this area in the present and in the future, are all matters on which the City Council prefers to reserve final judgment until all of the facts are assembled and digested by those concerned. It is felt that caution should be exercised therefore in judging at this time whether or not the proposed joint project is in the best interests of the people of this area. Sincerely, ROBERT SHELTON City Manager RS. jm CC: City of Costa mesa Newport Heights Irrigation District Laguna Beach County Water District Santa Ana Heights Water District Newport Mesa County Water District South Coast County Water District Irvine Company Coastal Municipal Water District City Clerk DIRECTORS MrA.T8R..6.�IGELLT PRENTICE M. THOMPSON LUKE C. DAVIS NICK MARDEEICH T0: FAIRVIEW COUNTY WATER DISTRICT 1871 PLACENTIA AVENUE • TELEPHONE BEACON 5998' COSTA MESA. CALIFORNIA January 28, 1957 City of Costa Mesa Newport Heights Irrigation District Laguna Beach County Water District Santa Ana Heights Water District Dear Sirs: City of Newport Beach Newport Mesa County Water I South Coast County Water Di After much consideration by the Board of Directors of the Fair- view County Water District the conclusion has been reached that the interests of the people of the coastal area would best be served by a reservoir owned jointly by all the cities and water districts in the area. In principles the Board accepts the idea of a jointly -owned res- ervoir but hesitates to accept the proposed plan for its development and operation. It is the opinion of this Board that: (1) All communities of the coastal area should benefit from the reservoir if they so desire2 and, if2 they contribute their proportionate shares to its devel- opment„ (2) The best approach from a point of fairness in cost of constructions operation and use would be made by forming a reservoir district made up of all inter- ested cities and water districts. (3) A board of directors representing all cities and districts sharing in the project should be the gov- erning agent. The plan outlined above is submitted as an alternate to the present plan which is believed to be unpopular2 unfair2 and perhaps unworkable. Respectfully, FAIRVIEW COUNTY WATER DISTRICT mss. r.• J ,-mot Wm. TS Scott ., Manager cc: The Irvine Coo Coastal Municipal Water District � I 3_-"' , I i i February 7, 1957 Mr. Don M. Davis c/o Stone & Youngberg Russ Building San Francisco, California Dear 11r.Pavis: At the request of the Finance Director, I am enclosing pertinent sections of the Municipal Code of the City of Newport Beach referring to our Water Department. Yours very truly, Margery Schrouder City Clerk - Treasurer City of Newport Beach MS:e Enc. CITY OF NEWPORT BEACH CALIFORNIA Jamiary 22, 1557 W. Duane W. FRteeler Duane W. Wheelor and Company 1Q20 North Virgil Avenue IA,3 Angeles 29, California Dnar If-, !44tealar; Thant: you for your letter of J3nc3rf 13 Concern- ing your interest in serving the Cities of ?!ewport Beach and Costa !%sa in connection with the ;;re,soe 3 reservoir bond elcC tiu-$. Pig schedule is too tii;'"t t.ii�: week to arrange the requested appointment, but p3rhaps we can get to,ataar for lunchacn. duria.- tl, -- c,2ok of Janur: j 3 u° Febrw-._ 4. In '.,..at aao:e:d invoiva repre- sentativea of both Costa sicc ;md N wpart reach siace it is our desire to pct jointly c:_ the calertiov, of an election supply house. May I sugge3t that if you wish to meet with us, you arrange a time and place saticfaetcry := tc fir. Unger, City ManaLer of Costa mesa, aa.i :'7301!. POBE!t•T SHELTON RS .III l _ ?y 'r9anabe r CCs Robert Unger city clerk 1I 21 3 4 5 6. 7 8 9 to 11 12 13 14i 15 16 17 i 18 19 20 i 21i 22 23' i 24 25 26 1 27 28 h 29 30 31 I 32 0 LJ A8 OLUTION N0. `1 j WHEXMAS, there has bsen presented to the City Council of the City of Newport Beach a certain Contract Er-PloWtogdPinancing Consultant between Stone & Youngberg, a partnership, and the City of Newport Beach; and WiEIREAS, the City Council has heretofore considered the terms and conditions of said contract and said terms and condittoner.are reasonable and equitable, NOW, 'THEREFORE:, BE IT RESOLVED, that the Mayor and the City Clerk be, and they are hereby, authorized and directed to execute said Contract in the name of and for and on behalf of the City of Newport Beach. The above and foregoing resolution was duly and regularly Passed and adopted by the City Council of the City of Newport Beach at a regular meeting thereof held on the 14th day of J arY, 1957, by the following roll call vote, to wits AYES, COUNCILMEN: ,�,��. i l . i ' . r �)/ n A ATTEST C2tiH'1� � NOES, COUNCILMEN ABSENT COUNCILMEN: lj � ¢, Yor U 1: 1 r U i KARL LYNN DAVfS ATTORNEY AT I-AW SLIT. F - 3416 VIA LIDO NEWPORT BEACH, CALIF. HARBOR 5197 January 8, 1957 Mr. James W. Beebe Attorney at Law O'Melveny do Myers 433 South Spring Street Los Angeles 13, California Dear Mr. Pursuant December was adop named as Beebe: Re: Your #BM- 3979 - Newport Beach - Costa Mesa Joint Powers Agreement to your suggestion in your letter to me of 140 1956, the resolution enclosed therewith ted by the City Council. The following were commissioners: Councilman James B. Stoddard City Manager Robert Shelton City Attorney Karl Lynn Davis The regular meetings of the City Council are held on the second and fourth Mondays of each month at the hour of 7:30 o'clock p.m. in the Council Chambers located in the City Hallo 3300 Newport Boulevard, Newport Beach. There are two local newspapers which publish ordinances of the city and the papers are used alternately during each fiscal year. For the year ending June 30, 1957 the name and address of the newspaper is as follows: Newport Harbor Ensign 2850 East Coast Highway Corona del Mar, California KLD:bcm CC; Margery Sohrouder ✓ City Clerk Very truly yours, Karl Lynn Davis v THE Mvm)P'n"L'.r*N)1 oi"'Ca Dow -TIC! W v-"7mJm "ATIANU fv�a.2 414-�q! 509 pwmp A34901" :4 IF 72 ii IT � -ZANd of Dirsotore. Aoupdatma %A&WIPS, Ilk'6**r DI Striat ThU4 St-.VOt po"h, C1411forlmis omtsinsd in ycmr letter Of 12# 19,560 that Conslawatiou MA atkady rlvsu to providing and &&,ittional * f� U the ♦ivinit7 t,z vano-1 water otorwtm t10s of C014ma del K*- tv 2*rv% tz�ra 4-r"* %1tWo the Cdsatrl 4,z— I &:cor m revitirtd D -maht to e at twtim of VBa.rj of Mroctx)ro sat it& 1*8tIng an F.OVGaQ&4r' the Policy of tiro District b�u act to P"TLU tgr-m1 ston4p for the fit of Its NAMUST ,uost o@zmt be granted* VW7 truly YEA"s i. M- COASTAL Mur OCARD Of'DIR[CTOR/ C..W,O M[RIOCMT .TYY!•. W. wV�6 ue[Rr K wallrsT[O Mw..T w. p111�NT v f: K } • 3o6 kidat 'Ih1rdtrmbt Los Awl" 3,3, ^wlAfornlA 0 Dooember 4, 1555. ;3a+sd oS �ireat.^rs Co�.sutai tpm9.r pa:LI Watsr District - 3r,& Third street 1.=tlaadas Taie mF uost "ittitr a is your letter of NclvazLar 22, , :':i6. that xtuild i -ati = m� stukV L4 riven to pt°pv%A!z W =gI s� �9a�t;:�2siug. ui."t.cAsl tm a_ water stoxvt -e faoliltIos la the vicLa!"- s7i (%muA del Y'.mr to "." t=Ys eazv" aitialm the Mimioip&. atelp DiEt:iat ba of too staff, &W uce ormVh: to tAu, atte. -Atim of tht Bctb 1 of 311vmto c :t, 1'.0 :�ebtini nu uovamawr XU&9mV4*h us the p >�I! . y t,! the Tiis3� ivi !� Perm kwt tu- pmvido trdrz-,Ai-.:L aUxuge for t :.Pewit or itu mss, YoLir zvouust QKnnut iov LT.=a.tv-1, ver U -Uy K)u"p . std_ 04mgb J 4 `:r7UM- d I 041 I 21 31 I 4 5� 61' is 7i 8 9 10 11 12 13 14' 15 16 I 17 18 19 20 21. 22' 23 24 25 26 27 28 29 30 31 32 • • FiBF3MMICK $0. s/s 7 9 MEERMS, theses hm been presented to the City Counall of the City of Vii: t Beach a certain Agreement between O l Melver Njsrs, a ocpartnership, and the City Of Newport Bead.; and WHMMASO this City Cva=Sa has heret*fore considered tkw terms and oonditions of said contract and said terms and conditions are reasonable and equitable, NQd, THEMWiMES BE IT IRWOLV=m that the Mayor and the City Cierk be, and they are hereby, authorized and directed to execute said Contraot in the name of and for and on behalf of the City Of it Beach* fte above and foregoing resolution was duly and regularly passed and adopted by the City Counall of the City Of Newport Beach at a reVAlar meeting thereof held on the lath day of December, 19560 by the following ro11 call vote, to Kt: AYE, C(?OCIidEts r 1 L t a" &aiEST: Sn.wu�l v� e H=# COMCILMM -_ ABSS3'i' ComII.F' - a A 0 R E E M E M T MIS AOEUMT made this i day of p�� 1956P by by and between the CM OF lQ;ln MT REACH, a wmicipal corporation, and O'MELVMIT i XTW, a copartnership, of Los Angeles, Califorala, 13.111111IlP It is mutually agreed between the parties hereto that 1, Upon the written request of the City Attorney, O'Melvesy D Myers shalls (a) Draft a Contrast between the City of Newport DOaeh tad the City of Costa Mesa for the joint ownership and use of a water reservoir and appurtenant facilitieel (b) Examine all constitutions, statutes, charteM and ordinances relevant to, or in any way affecting said contract. to ?be City of Newport Beach shells (a) Furnish to said O#Melveny i Myers upon request all doenmeats and papers . necessary to enable said 0%elvsny i Myers to draft the Contract above referrbd to; (b) Direct that its officers and esployses eomsalt with OfNelvemy 6 Were I whenev r needed to facilitate the drafting of said Gontraetj (a) Pay to O'Kelvemy & Dyers upon the completion of the dv%ftIM of said sontrast am-half of a sum (the other half to be paid by the City of Costa Mona) to be aamputild at hourly rates for time spent by O'Nelvany & "rot personnel In the drafting of said o*ntraot# Said hourly rates are as followas Partners $50 per hour Senior Associates $35 per haw for Assoolatti• $25 per hour stanogrephis $ 5 per h9FAr So Me omtreat shall be binding upon and inurs, to the benefit of Maid firm of O'Nelveny & Ryers as presently, constituted or as changed hereafter by the death or retirement therefrom of any present partnerst, or by the admission of now partners, or by the death or retiresmat of any thereof. In WIVNRU VNEMOR an mrsiftabo" written, the City of oaused this instrument to be axe, and in its mama by Its mayor and clerk* and Otselveny h Myers, Of 20 the day and year first Newport Beach has muted an Its behalf attested by, its City Los Angeleso has caused .r R i i this lastrwnt to be executed on its behalf and in its name by a partner, cm cr =rpm SUCH By mayor A?TRCyID AS " FM UFY Tiorney or f or Newport :"aoh ATMT o city Clem 3. By Partner DIRECTORS BARTON J. NEEDHAM. PRESIDENT RALPH L. BELL LYNNDON. L. AUFDENKAMP GEORGE S. JOHNSTON EMERSON B. MILNOR P. O. Box 2287 y io'kZ^t= � F - t Laguna leach 'Enuni4 ioafer fishid laquna -each, California December 5, 1956. I{ .z;II City of Newport Beach cLl' Newport Beach, California. HYATT 4.1041 Attention: Mr. Robert Shelton, City Manager Gentlemen: BRAYTON S. NORTON GENERAL MANAGER LESLIE C. SENTELLE SECRETARY A. J. STEAD ENGINEER FRANK S. FITTS ATTORNEY J� \0 Your letter of November 50th, 1956, relative to proposed additional terminal storage in the vicinity of Corona del Mar, was presented to the Board of Directors of this District at its meeting held last night. I have been instructed to advise you that our Board is definitely interested in this project, but that its position as stated in letter to Coastal Municipal Water District, dated November 8th, 1956, copy of which was sent to you is still substantially unaltered. However, it is the desire of our Board to hear further from Coastal District on the matter before making a decision. Very truly yours, LAGUNA / BFACH COUNTY WATFR DISTRICT is By • CITY OF NEWPORT BEACH CALIFORNIA December 1, 1956 Mr, It. L. Unger, City Manager City of Costa Mega City Hall Costa Mesa, California Dear Mr. Unger: At a study session November 26, the Newport Beach City Council heard a presentation by Mr. !coward Crooks, Secrctary- Manager of the Oreage County hater District, conecrning the boundaries sad activities of the District. Mr. Crooke explained the history of the District and the importance of its program for buying and spreading MUD Muter to replace depleted underground water supplies. The cities of Newport Beach and Costa Mesa are not now a part of the District, and Mr. Crooke explained his reasons for believing Newport Beach should become a part of the District and share in its program. Members of the City Council questioned whether Costa he" were to be similarly approached, and indicated their feeling that the two cities should explore the subject together and preferably conclude whether the interests of the Harbor area would be served before any action was taken. It is probable that Mr. Crooke will contact you and your City Coned in this matter. When this has been done, perhaps we am arrange whatever joint discussions are called for to pursue the subject further. Sincerely, ROBERT SHELTON RS :MM City Manager CC: :Hr. Howard Crooke City Clerk Vovember 30, 1955 Board of Directors Laguna Beach County plater District Board of Directors South Coast County :Jatcr District Gentlemen: As you are Well aware, the cities and water districts in this area, in cooperation wills the Irvine Company, have been study- ing method; of providin, crater storage facilities to correct present deficiencies. Several meetings have been held among interested agencies and various proposals for financin; a terminal reservoir have been advanced. It is now apparent that the iletropolitan Hater District is not in a position to provide anu maintain terminal water sturale. This is based on information that tite Board of the Ml,�D at its mect- int,, November 21, denied the recent request of Coastal 2;unicipai t'ater District trot the H'D 'give consideration and study to pro - viding and maintaining additional terminal storage facilities :near Corona del filar to service the area within Coastal Nunicipal Mater District" 'Clio City of Newport beach, because of its critical need for additional water storage and the ur;ency of early action to meet this need, :.as stated its wi;lin`ness to proceed on its oom to build and operate the proposed reservoir. LILcently the City of Costa Hesa, recognizing the vital importance of adequate water soppiy for ..es future, has indicated its decire and intention to tare prompt action leading to financing, and ocmership of a percentage of the capacity of the reservoir. projections of water demand in both cities indi- cate egie wisdom of joint financing; and the necessity for immediate action. At an informal sleeting of the City Councils of ''Netuport Beach and Costa Plesa held Hovec:ibcr 30, gore teas general a regiment that the Lim cities should ta.:c immediate steps to call special r 0 Cont'd - Page 2 elections to authorize bond issues for the joint financing; of the reservoir. This contemplates the execution of a joint power© atree- ment whereby the reservoir would be otmed jointly by the two cities, with the City of Newport Beach serving; as the operating entity. It further contemplates the commencement of election proceedin;,s as early as January, 1957. It is the opinion of ille1uport Beach and Costa Mesa officials that present and future water demands in the Harbor area easily justify construction of a 1200 acre -foot reservoir. It is recognized, of course, that upon completion of the project proposals from other interested agencies either for the purchase of surplus cater or the leasing of surplus capacity in the reservoir could be entertained. TIM(; letter is transmitted for the information of your Boards at the sug;estion of the mcobers of the City Councils of Newport Beach and Costa Mesa. If you have an interest In discussing the subject further, the undersigned Would be happy to meet with you to explain the position of our cities. CC: Coastal Municipal IJater District Irvine Company James 14. Montgomery Sincerely, ROBERT SHELTON, City Hanager CITY OF HEB)PORT BL•ACH R, L. UNGER, City Manager CITY OF COSTA MESA ►ort B .� lq October lk 195f- RH ' LTOM MANAI.FM Coasral vistrict 306 Third srregj�':- Laguna. Beach, cent Dn Friday October 5, Mr. kobart Diviser, CbIef Enjimser and reestsl Kon'agir Oi the Metropolitan W4tVz District, and Vembers of his St4ff T4tt vith. rep resentativss of th* City cf Neirport Beach, City of Costa Mesa, Newport Reightm IrrLS&ti.*n ' istrict, irafrvi#4 CMfty Water %Ftricr, Lag=& Beach County water South.'Co4gt CQ",W&taj District, Coastal Municiptj Water. st rict, aM.tbe Irvi" C Mrs Viemor outlined, for the tmaedieti future, the plafti%t the M.W.D. for delivery of water to Orangt "Ounty with particular Tc—for--i ence directed to increased.. flows to the D-rama County PoWer Extension serving the toaftsl comm ties. Vader*tba prspant system of feeder operation, terminal storage in provided to rewivo excess water delivered. Assisting this method of operation would be contLnRad in the future; a portion of the proposed 1200 acre-foft resetwir north of Corona del Mar, when built, would provide the N.W.D. with increased torsln&l storage comme"Mratr- with their anticipated in.p in feeder flow . z, to ultinite development of the feeder servks area. 04 t4 basis of .this reasoning, Mrs Disler was a*W if the N.H.D. would Assume sit ObliistiO . n in . sb&rtng the fin . McIng Of.this profe.�. In reply, Mr. Dldftr stated that be and his staff would be amenable to� a request to study and report 00 tMe possibility, within approximately m* month, If the request for vicb-A study were to be presented by a director of the N.W.D. At Its reefing October S, 1956, the City Council of Vgwport Beach requested this office to Initiate such' request. Accordingly, we wrote to Judge Craistb as .& director of the M.Webo, aLWO this procedure CITY OF NEWPORT BEACH CALIFORNIA \1 October 10, 1456 Judge 6. C. Cravath City I-;all Lapura Beach, California Dear Judge Cravathi On Fridayp October 5. irs. Robert Diemer, Chief Iingineer and General Manager o° the Metropolitan Water District, and members of his staff net with representa- tives of the City of Nez)ort reach, City of Cost: "49-n, Newport Heights Irrigation District, Fairview County Vater District, Lnt^ma Beach County 'Teter District, South Laguna Water District, Coastal Municipal Water Die - triot, and the Irvine Company. Mr. Die, -Ar outlined, for the i=ediete future, the plane of the N.W.D. for delivery of water to Orange County with particular rsfcrence directed to increased flows in the Orange County Feeder rxtenslon serving the coastal eommmities. Under the present systeza of feeder operation, terminal storage is provided to receive excess water delivered* Assuming this method of operation would be continued in the future, a portion of the proposed 1200 acre -foot reservoir north of Corona del Mar, when built, would provide the M.W.D. with increased terminal storage commensurate with their anticipated inerease in feeder flows, to ultimate development of the feeder service area. On the basis of this reasoning, Mr. Diemer was asked if the M.W.D. would assume an obligation in sharing the financing of this project. In reply, Mr. Dismer stated that he and his staff would be amenable to a request to CITY OF NEWPORT BEACH CALIFORNIA Judge C. C. Crasnat� October 10, 1956 f'$ge 2 t9tci' a "r? t PGrt e- this =4aeibility, v tl^ -!r s';ar�r_ Oft :; >rth, if tho rawest for 9t h a attht Inn) to 1-se 9enW] btc n clirs?tor of the V.x.p. "h0mf0v9, the City of %uport :Janxh, as a giber of the Coastal Ystieipal Vater ristrict, suh4ts this letter G# & request to be presented by you to V"'o :Iatm; olltaa tihter DUtriat for the stg9y ngntj,,m fi gtov9. "coon to malts enat: request uRB ta109e by the City Coupe -1 or `Iawport Beach at its regular Meeting peteber 8, 1956. YO= 90operatIon in this matter will be vary °iwh appreciated. 9faeregeely, City Oanagar RStjm CGo rr. Tbbert %Vx.,3r Pofr. 14 A, "41119 Mr. Jwnme M. t•$ntgotw y Public 4brk9 Director City Clerk } y i CITY OF NEWPORT BEACH • CALIFORNIA October 10, 1956 Mr. James M. Montgomery 535 East walnut Pasadena, California ' Dear Mr. Montgomery., The City Council at its regular meeting October S, instructed this office to communicate with you for the purpose of making arrangements for additional engineering studies relat- ing to the proposed 1200 acre -foot reservoir. The members of the City Council have unofficially agreed that this city should proceed immediately with plans to place a bond issue on the ballot at a special election, with the thought that the City of Newport Beach would own and control the reservoir and that any arrangements for sharing the cost of the project or selling stored water to other agencies would be left to the future. It is recognized, of course, that further study of the details of the project may modify the city's position, but basically it is the Councils desire and intention to move ahead with it. In so doing, the Council has authorized this office to engage the firm of O'Melveny & Myers and to transmit through Judge Cravath the request for study by the HWD of any financial interest by that agency in the project. It appears that we need additional information and recom- mendations from your offica -in supplementation of your basic report of last August. Specifically, the City of Newport Beach wants to know how the proposed reservoir can be constructed and adapted as a feature of the City of Newport Beach water system, and be thus operated and controlled by this city. The scope of analysis required by you to answer this question is best known to you, and we would appreciate a proposal from you to the City Council via this office outlining what would be required. Although the City Council has expressed itself as favor- ing a reservoir of 1200 acre -feet capacity, even if it is primarily � CITY OF NEWPORT BEACH 16 CALIFORNIA Mr. James M. Montgomery Page -2- to Serve Newport Beach it may be appropriate that you comment upon alternatives invo icing a smaller reservoir. Such comments might serve to support arguments for the large reservoir and would be useful, of course, if the City Council eventually asks the voters to authorize the maximum facility. I have discussed this subject briefly with Mr. Rheault of your staff. If you have questions as to the city's needs in this matter, please don't hesitate to call. It would be helpful if your proposal could be available in time for discussion and action by the City Council at its meeting October 22. RS :MM CC: Mr. W.B. Rallis Public Works Director. City Clerk ,�-- Sincerely, J ROBERT SHELTON City Manager TERKINAL RESERVOIR PRO07,CT Items for discussion at Meeting with MWD, Coastal Municipal Water District, Loca Slater District, City, and Irvine Co. Officials, 10 /5/56 I. What is the outlook for MM supply in the next several years, particularly as it will affect: (a) Orange County as a whole (b) Coastal Municipal Water District (c) Member Cities iu Orange County 4. I?ow do projected supply estimates compare with past and projected consumption data, e.g., in terms of throughput at Brea reservoir, and deliveries to Coastal Municipal Water District? 3. Can the MD give reasonable assurance that a 1200 A.F. terminal reservoir could be filled each year in advance of peak consumption periods? 4. Is there precedent, or any basis, for financial participation by the MD in tba cast of either constructing or operating a terminal reservoir, or both? 5. Discusaion of operating features of the proposed reservoir as presented in the James Montgome-y report, including: (a) Alternative metering points (b) Availability of reservoir capacity to various poteatially benefiting entities (c) Other matters to be raised by participants 5, Ocher Ltems for discussion SCiil' UG.C�LC Nt �G +k5.JU 1 3Q -2 MY FO RD K ^AD TUS, IN, ORANGE. COU " Cit• >r of Nettirort Beach_ "<e�r =.:ort 'eac'.:, ^alifornie 0 M THE IRVINE COMPANY POST OFFICE BOX 37 TUS7!'N. CAI IFORN.IA r ",t n: Eo.- orable City Cou -,r.1l In re: 1ropc0 ed term'nal,_ re,Servoi- fCr dci.,estic ;a,terpur:?oses in the viclnity of `_e City of Nevrnart '�Pach. ` -1,,e. Construction of ,..' c reservoir _ ^::ac been the, SL ii - I1^ I n^! IIi I S. or _ ie.i.r water repro- :^?; a:t i,JP5 f'-p T.r`.r -ne. Cor,-. T'y Tpz •, f.,,�t 73each Lai .O r -acl`. .l':. Cost. €i. 11eS -./ , c1na the. reservoir is sDe,Cif,cally described in a recent report by Fnr~:i.neer James Monl,Fomery. is of .1100 acre. foot eana.city ens? er.taias a. reservoir site of an roxime..el; on ;> P;f r.c elong i ng to thl s "on Deny. You request a. wy1i tpr, st'a'ge "<len +: from u5 c.') -If 1. r-,IT:: €.P..r.ta n ve -rbal com -mit. ('.I °.nts made sal"... Conferences, We agree to make z *r .able, i ilhout financial, coT.•en- sat?of t:'- p.refor, to F. competent -roue. of tine above a "e? cle$ to nn entity S1ch ac- : yourselves firm i-ici ally able to ander- takr the construction of this reservoir. If Your cit,,r should undertake.. t: ~is ^roa.Prt as such We 4:CLIld require t1 t Laz,1 :na Bend' County .rater D'iF riot })ieCO-,le, a arty later for a "P ^.:One ;C].e pe.?'CP.ntaF_.",° aS it ie �O icai� ;; `; °.:'V eC', t7, Pr="rbm an [a will be the aFeney serving, our lands in their area. In makinF this contribution of site wit=hout finnnct :a oonciC,eraaion we are -:rote €dingy: on -he baei^ that S our are developed and re Uire domestic 'vrater, t-e service of sore is by annexation to municinaiity or water district. The ve y su-,stan'tial value of the site to ether with our na)-i:ent of taxes or assessments to mu ici_nali',, „v; r:a1 'in the facility should be sufficlent to assure us the right of late':, from tare reservoir for the tr. si,t.io -:a' oer' od ne-es.,=r in One development of our lands in he are a. 1, iS im ;)ortanl , Cn� i^ e:Il e'r -P.nC aS set L'i.Ce Conr.e c 5. Jno w1. 11 be 1n Cont l� In re: 1ropc0 ed term'nal,_ re,Servoi- fCr dci.,estic ;a,terpur:?oses in the viclnity of `_e City of Nevrnart '�Pach. ` -1,,e. Construction of ,..' c reservoir _ ^::ac been the, SL ii - I1^ I n^! IIi I S. or _ ie.i.r water repro- :^?; a:t i,JP5 f'-p T.r`.r -ne. Cor,-. T'y Tpz •, f.,,�t 73each Lai .O r -acl`. .l':. Cost. €i. 11eS -./ , c1na the. reservoir is sDe,Cif,cally described in a recent report by Fnr~:i.neer James Monl,Fomery. is of .1100 acre. foot eana.city ens? er.taias a. reservoir site of an roxime..el; on ;> P;f r.c elong i ng to thl s "on Deny. You request a. wy1i tpr, st'a'ge "<len +: from u5 c.') -If 1. r-,IT:: €.P..r.ta n ve -rbal com -mit. ('.I °.nts made sal"... Conferences, We agree to make z *r .able, i ilhout financial, coT.•en- sat?of t:'- p.refor, to F. competent -roue. of tine above a "e? cle$ to nn entity S1ch ac- : yourselves firm i-ici ally able to ander- takr the construction of this reservoir. If Your cit,,r should undertake.. t: ~is ^roa.Prt as such We 4:CLIld require t1 t Laz,1 :na Bend' County .rater D'iF riot })ieCO-,le, a arty later for a "P ^.:One ;C].e pe.?'CP.ntaF_.",° aS it ie �O icai� ;; `; °.:'V eC', t7, Pr="rbm an [a will be the aFeney serving, our lands in their area. In makinF this contribution of site wit=hout finnnct :a oonciC,eraaion we are -:rote €dingy: on -he baei^ that S our are developed and re Uire domestic 'vrater, t-e service of sore is by annexation to municinaiity or water district. The ve y su-,stan'tial value of the site to ether with our na)-i:ent of taxes or assessments to mu ici_nali',, „v; r:a1 'in the facility should be sufficlent to assure us the right of late':, from tare reservoir for the tr. si,t.io -:a' oer' od ne-es.,=r in One development of our lands in he are a. 1, iS im ;)ortanl , Cn� i^ e:Il e'r -P.nC aS set L'i.Ce Conr.e c 5. Jno w1. 11 be 1n Cont � el« w »m9:r tea: 1 ; E0 into ve t w -o J-e :a o£ G,2 or Q w: %,s to d m e, :ems I G , ntw ,a The aoa is f o ear m,in general -the 5« Q of of derym. m 13 ate tee, »r-.e . :&orr,3 into a con',-act he y22 :tlw y oar de !G. w S: 2' e� 2 +: LP QUA &3Gf 4 a Telephone �ty of Xewport B Q A (AIL HA�bor 3131 �J �i asV California September 26, 1956 ROBERT 5HEITON CITY .nIlr ER As you know, the City of Newport Beach in cooperation with other public and private entities in this area, is studying the feasibility of constructing a terminal reservoir northwesterly of the City to augment presently inadequate water storage facilities. At our request, liaison representatives from the City of Costa Mesa, the Laguna County Water District, and the South Coast County Water District, have been named to participate in further meetings on the subject. For the purpose of discussing the relationship of the Metropolitan Water District operations to the proposed reservoir facility, a meeting has been scheduled with Mr. Robert Diemer, General Manager and Chief-Engineer of the District, as follows: Date: October 5th, 1956 Time: 9:30 A.M. Place: City Manager's office City Hall, Newport Beach It is hoped that you can be present to participate in the meeting. May we have confirmation of your attendance? Sincerely, ROBERT SHELTON RS: MM City Manager FROM THE OFFICE OF THE ,41TT CLERK CALIFORNIA September 21, 1956 Honorable City Council City Hall Newport Beach, California RN: Terminal Reservoir P. O. BOX 319 �7 h JJ �o Gentlemen: lie wish to advise you that at a regular meeting of the City Council, City of Costa Mesa, held on Monday, September 17, 1956, the Council delegated Mr. A. C. Swartz as the City's representative to attend all meetings relative to the proposed terminal reservoir now being considered by the City of Newport Beach, so that the City can keep abreast of the situation at all times. Very truly yours, tr A. C. Swartz City Clerk ACS :jd F� CITY OF NEWPORT BEACH CALIFORNIA September 13, 1936 Sl: San :d czc co, C" zIilornia Attn: Mr. Omi M. Davis bet-:;ccn the City oi Awport Beach Mane k UDObarg for serv:we , in cotmect on with °inancicg of a proposer' water reser,!oir and other vater it r wamcr,,t. ,. The terns of the c ...t =ct 11ilve beer re 1leHed with your Mr. 'Hook and our City Attorney, and if accep? able to you, the contract will be presented to the City C.;cmcil for execut ^ Septwber 24. l.'i" you 1e89^ ;;i ; nA rn.turn o.11 th=^<' of the enclosed copius to .Milts MancryZ Qr,^.rcxtdnr, C}i t^ Cler'c, City Hall, Nerport Beach; before Se "con.'±er 24. If the City Council erecmtes the contra ^t; ^ s ± ^ -?a con;, r ?? ?. be re- turned to you. Sincerely, ROBERT SHELTON RSSM City Y. -sager CC: Mr. lidney B. %loci; City attorney City Clerk August 23, 1956 Irvine Company 13042 SW 1�trford Road Tustin,, California Attnt Mr. Bradford Hallis Dear Mr. licl-list Enclosed in City of Newport Beach warrant in the amount of $10096.45 drawn to Pacific Air Industries for map oompilation and field work in conjunction with the study by James Ms Montgomery, Consul" Engineart of the proposed terminal reservoir site. The City Counci.1 at its meeting August 13 auth- orised this pqmmt with the understanding that it con. stitutes a part of the total cost of the reservoir projestg if construoted. The City of Nmipart Beach somme as in the case of the payment, tV the City for subsurface inves. tigations at the reservoir *its* that if the reservoir is constructed and jointly financed by valow entitissp this cost my be prorated smang the participating entities. A soft of the invoice from Pacific Air Xndus6vies is returned herewith and sines the insoles was addreeW to the Irvine CompW we are transmitting the warrant to 704LO ROURT SHILTON city manager HS43M shale* CC$ City Clark Finance Direster A IC of Xewport B eack el California T[L[PMOM[ HARBO[ 3191 April 26, 1457 Members of the Citizens` Committee for the Water Reservoir: On behalf of the Newport Beach City Council, may I take this opportunity to express our sincere appreciation for your interest in the much- needed water reservoir. Your willingness to serve on this Committee is another example of the positive action that the residents of our community will take when confronted with a problem that concerns all of us. As you know, a municipal bond election for the 600 acre -foot reservoir project will be held on May 28. It is our firm be- lief that a substantial "YES" vote can be achieved if the citizens realize the importance of the project and if they can is be encouraged to go to the polls and vote. To accomplish this, the Citizens' Committee for the Water Reservoir has been re- quested to do the following: 1. INFOR1M the voters of the nature of the water- storage problem and to explain how it can be solved by the reservoir project. 2. PUBLICIZE the bond election. 3. ENCOURAGE a "get-out-the-vote" campaign. The Committee's assignment is challenging. Its efforts must be successful if *_h° present character and development of Newport Beach are to be preserved and if we are to be adequately prepared for our inevitable growth. roren Wu I-1 :J Sincerely, Dora 0. Hill Mayor April 26, 1957 To The Citizens' Committee for Water Reservoir Tonight's meeting is the first meeting of the Committee, and is by of organizing the group into active subcommittees and to lay the ground work for the general campaign. It is the desire to appoint every member of the Committee to active participation on one or more subcommittees; should any so appointed feel they would either prefer, or be better qualified, to serve on some other subcommittee, such members are encouraged to re- quest transfer to the subcommittee of their choice. In selecting the names for subcommittees a temporary chairman for each committee will also be appointed. Each temporary chairman should call his group together within the week, and at such meeting the group could: 1) elect a permanent chairman; 2) formulate plans and activities; and 3) put the "wheels into motion" and "get Isthe show on the road ! " The "KICK -OFF" MEETING of all committee members, sub- committees and groups will be held at the Council Chambers, City Hall, Tuesday, May 7, at 7:30 P.M. Since this date is only three weeks prior to the Reservoir Bond election, it is earnestly requested that all members be present. At the May 7th meeting all subcommittees may desire to report their activities, results and offer their suggestions. Thanks for all of your sincere efforts. The present generation of our City and posterity will be grateful to you. Best of Luck James Edwards, Jr., Chairman Citizens' Committee for Water Reservoir • 0 PUSURES SUFAAITTLO TO VOTE OF VOTUS MAY 28, 1957 33OND PRONGOITION: Shall the City of NaT., ort Beach incur a bonded '_necbtedness in the principal sum of $1,780,000,00 for the purpose of the acquisition and construction by said city of a certain YE'S municipal improvement, to wit: a water storage reservoir vAth water transmission linen and appurte.nrncws and appurtenant works, *.rter pipelines and other vows for the storage, transmission and 1.73 dz,tribution of water, including the acquisition of all lands, easQTWnts, pipe, pups, valves, fittings, iletet -s, machinery, a::e_ctus and other property necessary therefor? ?KUKDSITIOR NO. 2 ^• IRE NEUTO&T 8E.9CH, THE IRVINE COMPANY CONTRA T: Shall that certain contract between the City of Neu-port Leach and Yd:S a a Irvine Company, �daich wne approved by the City Council of the City of Newport Death March 29, 1957, and is on file in the Office 0 ol the City Clerk of the City of Newport Beach, and nhf.ch is for a ouger period then twenty-five (25) years, be approved? Ej CI April 25, 1957 Below are excerpts from recommendations recently submitted by the Board of Fire Underwriters of the Pacific following a survey of the City's fire defenses. The items quoted are cited by the Board of Fire Underwriters as being of special urgency in bringing the City's fire protection facilities up to standard. IT IS RECOMMENDED: 1. "That the arterial looping of the system be completed and strength- ened to assure the concentration in any section of full required fire flows, with pipe sizes, gatings, and secondary strength such that no single accident or repair will seriously reduce the re- quired fire flow. Attention is directed to the possible need of cleaning of some of the larger and older mains to restore normal flow capacity. 2. That additional storage capacity be provided to assure the re- quired fire flows in addition to maximum domestic consumption • during periods of any serious curtailment of the Metropolitan Water District supply ". CITIZENS' COi.;:.JTTEE FOR THE :JATER RESERVOIR 0 April 26, 1957 Preliminary Summary of Reservoir Project Facts A. What is the problem? Newport Beach does not have adequate facilities for storing water, either for its present or its future population. In addition, there are serious deficiencies in the City's existing water distribution system. 1. The average daily consumption of water in Newport Beach during the summer months is 5 million gallons. Only 42 million gallons can be stored in the City's present reservoirs. 2. Half the City's water is supplied from local wells, all of which are subject to sea water intrusion at any time without warning. The other half is purchased from the Metropolitan Water District and delivered through MWD lines. 3. Newport Beach is at the end of the MWD supply line. The steadily increasing requirements of "upstream" users is affecting the amoult of water that can be delivered to us by the Iui9JD. 4. In the summer of 1956, water was used during days -light hourat a faster rate than it could be supplied from storage and reduced' M'WD flow. The MWD supply during the night -time hours did not always increase, and when it did the City's reservoirs were not large enough to hold all the water that could be received. Supply and demand were out of balance at various times over several 24 -hour periods. This is why water rationing was necessary. 5. The MWD is constructing a pipeline that will double the thee- retical water- carrying capacity of its present line, but this alo re will not solve our water problem. It means only that larger quantities of water may be delivered in shorter periods of time. Without capacity to store water when delivered, Newport Beach':; supply and demand will continue to be out of balance. 6. A recent report by the City's Consultant Engineer shows that serious deficiencies exist in our present water distribution system. Dead -end water lines contribute to the poor quality of water at many locations and account for an inadequate flow of water for fire- fighting purposes. B. What is the solution? Newport Beach must build a water reservoir of sufficient storage capacity to satisfy the requirements of our present and predicted population. It must correct present system deficiencies to keep water -1- quality and flow adequate for all purposes. City officials, acting on the advice of consulting engineers, have concluded that a 600 acre -foot (2000,000,000 gallon) reservoir will provide safe and adequate water storage capacity for tie projected future needs of Newport Beach. 1. The Protect: The sketch map attached shows the location of the reservoir ar.d connecting lines, the present City boundaries, and the probable future boundaries of the City when its population approximates 75,000 people. This is the area described in the Newport Beach - Irvine Company agreement which conveys the land for the reservoir. The $1,780,000 bond issue is made up of the following items: A. 600 acre -foot reservoir (including in and out 7,H structures) ..... ..............................$ 94159 000 B. Relocation of by -pass around M14D reservoir...... 62,330 C. Relocation of MtWD around new reservoir.......... 68,250 D. 30" transmission main (11,000 lineal feet) ...... 207,200 E. Chlorination and metering facilities............ 84,420 F. 18" transmission main (800 lineal feet) ......... 27,000 G. 18" transmission main (1,000 lineal feet) ....... 29,000 1,442,200 H. Engineering and inspection ...................... 68,800 1,511,000 I. Correction of deficiencies ...................... 250,000 J. Legal fees and Bond sales ...................... 19;000 Total............ .$ 1,780,000 2. Land Reouired: Approximately 40 acres of Irvine Company land, plus pipe line and road easements, are required for the reservoir. The City of Newport Beach has entered into an agreement with the Irvine Company to acquire the land. A summary of this agreement is as followsa Irvine Comoanv aqrees tos a. Furnish reservoir site of 40 acres "without monetary consideration." b. Furnish all pipe line and road easements "without monetary consideration." C. Lidflt the water bought to certain Irvine Company lands, now ftlideveloped, lying within the Coastal Municipal Water district, but not within any city or water district, and planned for future annexation to Newport Beach. (See Map) d. Surrender rights t0 take water as such lands are annexed. -2- Newport Beach agrees to: a. Sub¢l;t7 to voters of Newport Beach a reservoir project • and the Irvine Company- Newport Beach agreement. b. Build a reservoir of not less than 600 acre -feet. c. Sell water to the Irvine Company as needed for certain lands now undeveloped "at the same rate and subject to the same rules as may be established" for domestic users within the City. The agreement ends when all Irvine Company lands within Coastal Municipal Water District and not now lying within any city or water district are annexed. `_INCE THE CHARTER OF THE CITY OF NEWPORT BEACH PROHIBITS A CONTRACT FOR A PERIOD OF MORE THAN 25 YEARS WITHOUT VOTER APPROVAL, AND SINCE THIS AGREEMENT COULD EXTEND BEYOND THIS TERM, THE AGREEMENT REQUIRES VOTER APPROVAL. 3. Financina: The bond issue of $1,780,000 will be financed entirely from water revenue in approximately equal yearly installments of $114,000 for 25 years. The new water rates will mean a reduction for users of 600 cubic feet or less per month and a small increase for users of 700 cubic feet per month or over: COMPARISON OF COSTS TO TYPICAL WATER USERS EXISTING RATES AND PROPOSED NEW RATES Costs are shown on a monthly basis although billing will be bi- monthly. Minimum charge (3/4 -inch meter) Minimum allowance Quantity rate per 100 cu. ft. MONTHLY CHARGE FOR QUANTITY USED (cubic feet) Monthly Charge Existing Proposed Rate New Rate $ 2.55 $ 1.75 700 cu. ft. None $ 0.12 $ 0.14 None $ 2.55 $ 1.75 100 2.55 1.89 200 2.55 2.03 300 2.55 2.17 400 2.55 2.31 500 2.55 2.45 600 2.55 2.59 700 2.55 2.73 850 2.73 2.94 1000 2.91 3.15 etc. -3- SResidents of the City who are not now served by the City water system (e.g. Harbor Highlands) will not pay any part of the reservoir cost until and unless they actually use City water some time in the future. 0 Q h V to c 4 Q • s k M © m r r k�� a,: a W ,H V nom, 0 �l m� V m� O uj ° b, a . O m 0 W Lo (1 Q W .I iz u D° ?a '. ISAj1, V Q xx 0 h h Y L PIC I f 1 .B N�ygIIOdM3A'/O.ff /J.�.ld'bpNhOB �- A y ,'` � P U P i al i I r r k�� a,: a W ,H V nom, 0 �l m� V m� O uj ° b, a . O m 0 W Lo (1 Q W .I iz u D° ?a '. ISAj1, V Q xx 0 h h LOCATION & ESTIMATE COSTS FOR CORRECTION OF DEFICIENCIES IN WATER SYSTEM Montgomery Report Approx Est. No..Item No. In From To Size Length Cost • 1 12 Balboa Blvd. "G" Street "N" St. 10" 2550' x$23,700 2 Park Avenue Alley W. Marine Jade Street 8" 950' 10,000 3 8 Marine Avenue Bayside Drive N. Speedway 14" 580' 13,500 4 9 N. Speedway Marine Avenue Opal Avenue 8" 1775' 16,200 5 10 Opal Avenue N. Speedway Park Avenue 8" 760' 7,100 6 18 Lafayetta Ave. 31st Street Alley btw villa Way 81f 1030' 9,100 and Newport Blvd. 7 Alley back of Buena vista Cypress 8" 2500' 203000 Bay Front 8 20 Balboa Blvd. 32nd Street Alley btw 8" 23-45 15,600 41st & 42nd 9 5 Second Ave. Goldenrod Ave. Avocado Ave. 10" 2220' 16,800 10 6 Avocado Ave. Second Ave. Coast Highwa? 10" 1200' 103800 11 7 Fifth Ave. Ext. Carnation Ave. Avocado Ave. 10" 950' 10,100 12 17th Street Cliff Drive Highway 24" 700' 10,500 13 2 Easement Poppy Ave. De Sola Terrace 8" 620' 4,080 14 4 Easement Hazel Drive Evening On. Road 8" 715' 4,500 15 13 Alvarado St. Alley btw Balboa Alley btw Edgewater 8" 580' 5,400 and Bay Avenue & Bay Avenue 16 15 Alley btw Balboa McFadden Place 20th Street 8" 410' -4,200 Blvd. & Court 17 16 30th Street Balboa Blvd. Newport Blvd. 10" 565' 6,800 18 17 Lake Ave. Ext. 32nd Street 30th Street 8" 515' 3,400 19 23 Clay Street Alley btw Tustin Alley btw Tustin 6" 325' 23100 & E1 Modena & Riverside 20 24 Beacon Street Alley btw Aliso Alley btw Modena 6" 335' 2,200 & E1 Modena & Tustin Ave. 21 25 Connection to 30 -inch line in Coast Highway at East 18" 20,600 Boundary of City (See Section 6.03 (e) ) . 22 Irvine Ave. 21st Street 22nd Street 16" 1320' 15.000 Total............ $231)680 Engineering & Contingencies........... 18.320 TOTAL............ $250,000 0 CITY OF NEWFORT BEACH WATER RESERVOIR PROJECT ESTIMATE OF COST OF CONSTRUCTION AS SHOWN IN MONTGOMERY REPORT Item 949 A 600 Acre Feet Reservoir (including in and out structures) 56,000 B Relocation of by —pass around M.W.D. Reservoir 62,330 C Relocation of M.W.D. around new reservoir 68,250 D 3011 Transmission main (11,000 lineal feet) 207,200 E Chlorination and metering facilities 84,420 F 18" Transmission main (800 lineal feet) 27,000 G 18" Transmission main (1,000 lineal feet) 29.000 $1,442,200 Engineering & Inspection .............................. 68.800 $1,511,000 Bond Sale & Legal Fees .. ............................... 19.000 TOTAL ................ $p1,530p000 • CITIZENS' COMMITTEE FOR THE WATER RESERVOIR AtApril 26, 1957 SUMMARY FINANCING ANALYSIS CITY OF NEWPORT BEACH (Source: Stone and Youngberg, Municipal Financing Consultants) The City of Newport Beach employed Stone & Youngberg, Municipal Financing Consultants, to analyse the financial feasibility of the reservoir project and water system improvements proposed to be financed by general obligation bonds to be voted on May 28, 1957 in an amount of $1,780,000. This is a brief summary of the financing analysis submitted by the City's financing consultants. THE PROJECT The proposed project includes a 600 acre -foot reservoir, transmission mains to connect reservoir to the existing system, and funds to eliminate many existing deficiencies of the City's water system. The following is a summary of the estimated project costs; Reservoir $1,221,500 Transmission mains 289,500 Elimination of existing deficiencies 250,000 Allowance for incidental expenses 19,000 Total: $1,780,000 The reservoir is designed to provide a maximum of five days' water supply with ultimate development of the City and could be used to utilize Metropolitan Water District water more effectively than is possible at present. METHOD OF FINANCING AND AVERAGE ANNUAL COSTS General obligation bonds constitute the most economical means of financing the City's proposed reservoir project and related improvements. Assuming equal annual total payment of interest and principal over a 25 -year period, average annual bond service costs are estimated at $114,000_ -1- The City has relatively a very small amount of general obligation bonds outstanding at the present time and to sell general obligation honds for this purpose would not seriously restrict City's ability to finance other projects through sale of additional bonds. Twenty -five years is considered a reasonable period over which to finance the project, and higher interest rates might be required if bonds were outstanding for a longer time. -1- 0 ALTERNATE SOURCES OF PAYMENT Annual interest and redemption costs of the bond issue as well as other costs of 'Water Department operation can be paid from.water revenue. This appears preferable to paying these costs from taxes. About 9 per cent of the water users and 6 per cent of the City's assessed valuation are served by water agencies other than the City, and to tax them for City water purposes wou.7.d be inequitable. Property in the City is already paying about $150,000 per year in taxes to Metropolitan Water District and Coastal Municipal 4ater District. The fact that this large tax contribution is made argues strongly against paying additional cost from this source. AVAILABLE EXISTING REVENUES Based on a review of Water Department expenditures, the following will be the estimated annual requirements for water purposes after reservoir bonds have been sold: Budgeted operation and maintenance $256,000 Bond interest and redemption 114,000 Capital outlay allowance =;,000 Allowance for contingencies 10.000 $405,000 Existing water rates are estimated to produce $373,200 per year on anticipated 195758 water usage. An additional $15,000 may be expected from miscellaneous sources, resulting in total water income of $388,200. Only relatively small increases in revenues thus appear necessary in order to raise the $405,000 required annually after bonds are sold. WATER RATE ADJUSTMENTS Under the present water rate schedule, the distribution of bi- monthly bills, shown in the attached tabulation, indicated that 42 per cent of the total number is for the minimum amount. About 75 per cent of all water sale income is now derived from application of minimum charges. The present structure apparently is inequitable in its effect on small water users, and the City is giving consideration to elimination of the quantity allowance for payment of the minimum bi- monthly charge. Reduction'of the monthly minimum charge to $1.75, elimination of the minimum allowance (now 700 cu. ft. per month), and a charge of 14 cents per 100 cu. ft. for all water used would produce $384,000 annually. With reasonable increases in other sources of water income, this appears sufficient to pay all water costs. The extent to which the suggested rate schedule distributes costs of water equitably should be studied carefully by the City Council, along with possible adjustments in connection charges, turn -on charges, minimum charges for large meters, and lower quantity rates for large meters. 0 EFFECT ON TYPICAL WATER USERS Application of the $1.75 minimum - 14¢100 cu.ft. rate structure discussed -2- above would result in rate reductions for all users of less than 600 cu.ft. per month, an estimated 36 per cent of the total. A median user, who consumes about 850 cu.ft. per month, would have his bill increased 21 cents per month on the average by adoption of the new rates. A summary of the new rates and the effect on users of various quantities is attached and appears to distribute the cost of the water system more equitably than does the present rate structure. • 0 Table 5 CITY OF NEWPORT BEACH CONSUMER USE TABULATION (For the Fiscal Year 1955 -56) Customer Bi- Months Consumption Consumption Block I Number of Per Cent Accumulated 100 Per Cent Accumulated 100 cu. ft.' Customer i of Per Cent Cu. Ft. of Per Cent Units Bi- Months Total Units Total I 0 2694 5.27 5.27 0 0 0 1 -2 2844 5.57 10.84 ._4201 .32 .32 3 -4 2439 4.77 15.61 8518 .64 .96 5 -6 2271 4.50 20.11 12492 .95 1.91 7 -8 2454 4.86 24.97 18409 1.39 3.30 } 9 -10 2938 5.76 30.73 27917 2.10 5.40 11 -12 2905 5.69 36.42 33400 2.52 7.92 13 -14 2997 5.87 42.29 40453 3.06 10.98 15 -16 2852 5.58 47.87 44136 3.34 14.32 17 -18 2845 5.57 53.44 49744 3.76 18.08 19 -20 2627 5.15 58'.59 51273 3.87 21;:95 21 -22 2490 4.90 63!49 53477 4.04 25.99 23 -24 2075 4.06 67!55 48746 3.68 29.67 25 -26 1973 3.88 71.43 50292 3.80 33.47 27 -28 1765 3.52 74.93 48525 3.67 37.14 29 =30 1593 3.15 78.10 46990 3.55 40.69 31 -35 2796 5.46 83.56 91875 6.94 47.63 36 -41 2432 4.76 88.32 93107 7.04 54.67 42 -51 2389 4.69 93.01 109851 8.30 62.97 52 -74 2063 3.97 96.98 124954 9.44 72.41 75 -99 677 1.26 98.24 57639 4.36 76.77 100 -149 424 .767 99.007 51.110 3.86 80.63 150 -199 145 .293 99.3 24925 1.88 82.51 200 -299 109 .224 99.524 26275 1.99 84.50 300 -399 64 .128 99.652 22400 1.69 86.19 400 -499 28 .042 99.694 12600 .95 87.14 500 -999 87 .179 99.873 58050 4.38 91.52 1000 - 1499 31 .064 99.937 37650 2.85 94.37 1500 -1999 13 .027 99.964 22375 1.69 96.06 2000 -2499 6 .012 99.976 12750 .96 97.02 2500 -2999 6 .012 99.988 16500 1.24 98.26 3000 -3999 4 .008 99.996 14000 1.06 99.32 4000 -4999 2 .004 100 9000 .68 100. TOTALS 51038 100.00 i 1323664 100.00 It Citizens Committee for Water Reservoir STEERING GROUP AND COORDINATION OF ACTIVITIES James Edwards, Jr., Chariman PURPOSE: 1) To form various sub - committees; 2) To appoint committee members thereto; 3) To recommend the appointment of citizens of Newport Beach to this citizens committee, thus obtaining the goal of a "committee of 100.11 4) To discuss, resolve and put into action various matters to accomplish the purposes of this citizens committee for Water Reservoir as outlined in the Mayor's letter to the committee. $) To coordinate the activities of all sub- committees. 6) AND,OF COURSE, TO RECOMMEND A "YES" VOTE TO THE ELECTORATE MAY 281 NAME vo IT TAKES A 2 TO 1 MAJORITY TO WIN ! VW PHONE is Citizens Committee for Water Reservoir PUBLICITY COMMITTEE SAM MEYER , Chairman Pro Tem Permanent Chairman PURPOSE: 1) To promote and publicize the bond issue to the fullest extent possible and to encourage a "Yes" vote. 2) In cooperation with the steering committee and finance committee to prepare newspaper advertising copy. 3) To determine and accomplish methods and media of publicity. 4) To cooperate with all newspapers to the fullest extent and to promptly release all available information to them. Suggested: Publicity should be straight forward and sincere and liberal reference to be made to names and pictures of citizens at work on the Water Reservoir Bond Campaign. 5) To prepare and mail proper information directly to the voters (also in cooperation with steering and finance committees) 6) AND, OF COURSE, TO ELECTORATE MAY 28: A "YES" VOTE TO THE CAUTION; It is most earnestly recommended that NO names of persons, firms or organizations be released for publication as favoring the bond issue without FIRST OBTAINING written permission from such per- sons, firms or organizations to so do. (Use our form for such permission) Les Petersen 344 Via Lido Soud Newport Beach Harbor 2369 Harold Riggs 208 Via Cordova Newport Beach Harbor 4048 i Milo Lacy 535 El Modena Newport Beach Liberty 8 -6486 (Res.) Harbor 2828 (Bus.) (Cont'd. Page 2) Roy Maypole 200 Crystal Balboa Island Harbor 5583 Herb Kenny 807 E. Bay Ave. Balboa Harbor 2034 Clyde Johnson 900 W. Coast Hwy. Newport Beach Liberty 8 -5545 Page -2- PUBLICITY COMMITTEE John B. Kingsley 319 Via Lido Soud Newport Beach Harbor 2068 Jay Stottlemeyer 608 W. Balboa Blvd. Balboa Harbor 4434 • Urban Beh 2701 Circle Drive Newport Beach Liberty 8 -4171 Morgan Noble 2761 Bayshore Drive Newport Beach Liberty 8 -7069 HANS LORENZ Persianent . . . . . . plmpostb . . . . . . . . . . . I). to:..soli.ci.t i.dohation.and contribution of funds to . ray, the. various----:ex' ns s. f pe el o adve -maxl*' rtising., print 3.ng:,.t vublicitysL.- etc ways and meant to accomplish .* the' above' TO "RECOMMEND �A."YES# VOTE* TO TOR . ATE-: A ti Monte Grime Walter Mellott 700 E Balbo a Blvd. :. 2912 Cliff. Drive Balboa. Newport Beach Harbor-2034 Liberty 8.= 4396' (Res'.) Harbor 25:33 ". (Wi Emory Hansen. 221'. Via Mentone...: Newport Boach.'! M" Emory Moore 2005 " Oc ean Harbor -1500 - Balboa......., Harbor 451 7 Edgar Hill 617 Via Lido Scud *. Hadd Ring -Newport 1517 Dolphin-Terrace Ha .1.61 7 - rbor Corona del Mar Harbor :1600 B b o jayred 1211'E.. Balboa .B1*d.:,... Hary ey Somers Balboa 1109 E.-Bay Harbor 4611:. or%`Harbor:.2658 Balboa Harbor 777.2 Vin Jorgensen-- clo Balboa Mar4ne" .Hardware Walter. L Spicer, Sr. 2537 W. Coast 33 Harbor Islin& Newport. Beach* Newport Beach - .Liberty S 3431 Harbor 1144 (Res Liberty 8-3411 John 13. Kingsley.:�i 319 Via Lido :S 'a ou James .Van .Dyke Newport. Beach',, 432 Serra Dr. " Harbor 2 -068 Co" roT ' ia: Ail n V Citizens Committee for Water Reservoir GET OUT THE VOTE COMMITTEE WILLIAM O'BRYON, Chairman Pro Tem , Permanent Chairman PURPOSE: 1) To get the voters to the polls on election day. 2) As there is nothing very romantic, stimulating or highly controversial about a bond election and as there will be no "name calling ", "charges made ", nor personalities in- volved in this campaign, it might follow that many voters will stay at home; hence as per the Block by Block com- mittee, sub areas with workers in charge could be organized. It is suggested that other organizations and groups may also wish to cooperate in "getting out the vote". Fritz W. Karge Bill Sanford 452 Mendoza Terrace 1306 Park P. 0. Box 158 Balboa Island Corona del Mar Harbor 2462 Harbor 0802 Mrs. Charles Boardman Theo. Robins 117 Turquoise Avenue 3100 W. Coast Hwy. Balboa Island Newport Beach Harbor 1425 -M Liberty 8 -3471 Mrs. Joseph Beek Norman Fleming 528 So. Bay Front 438 Dahlia Balboa Island Corona del Mar Harbor 5584 Harbor 1525 -W Mrs. Robert Rea Robert Berkley 248 Poppy c/o Bidwells Corona del Mar Balboa Island Harbor 9 Harbor 2090 Al Clemence Robert Wilcox 421 Dahlia 2027 Deborah Lane Corona del Mar Newport Beach Harbor 201 Liberty 8 -6429 Mrs. Mary Burton Mrs. Ruby Stevenson 2920 Ocean 215 Marigold Corona del Mar Corona del Mar Harbor 0197 Harbor 0426 -M (Cont'd. Page 2) Page -2- GET OUT THE VOTE COMMITTEE F- 1 LJ Mark Engelke 6801 Seashore Drive Newport Beach Harbor 4739 -W (Res.) Liberty 8 -0085 (Bus.) Dr. Edward Milum 2641 Circle Drive Newport Beach Liberty 8 -4272 Mr. Oxford c/o Port Theatre Corona del Mar Harbor 1829 • Mason Siler 410 Kings Road Newport Beach Harbor 2114 Lawrence Brown 911 Cliff Drive Newport Beach Liberty 8 -5401 U lJ Citizens Committee for Water Reservoir ORGANIZATIONAL CONTACTS AND SPEAKERS BUREAU DR. JAY LONGLEY, Chairman Pro Tem , Permanent Chairman PURPOSE: 1) To make available and to furnish speakers to all organ - izations and groups. 2) To brief the speakers as to water bond issue facts and to encourage a "Yes" vote. 3) To contact organizations and suggest their adoption of resolutions endorsing the reservoir bond issue. 4) To cooperate with all organizations and groups, such as civic, fraternal, social service, business, churches, schools, veterans and labor etc., and to encourage and aid them in their assistance towards "getting out the vote" and a successful campaign in favor of the Reservoir Bonds. 5) AND, OF COURSE, TO Dr. Irving Laby 1220 W. Balboa Blvd. Balboa Harbor 3032 Frank Jordan 2732 E. Coast Hwy. Corona del Mar Harbor 4949 Mrs. Mabel Fitzmorris 412 Heliotrope Corona del Mar Harbor 2152 Mr. Carl Stentz 109 Via Quito Newport Beach, Harbor 5743 A. K. Phelps 3429 E. Coast Hwy. Corona del Mar Harbor 1286 A "YES" VOTE TO THE ELECTORATE MAY 261 1 (Cont'd. Page 2) Ken Niles 442 - 22nd Costa Mesa Liberty 8 -5828 Dr. David Nielsen 400 Westminster, Newport Beach Liberty 8 -5556 Braden Finch 3901 E. Coast Hwy. Corona del Mar Harbor 2359 Urban Beh 2701 Circle Drive Newport Beach Liberty B -4171 Harvey Somers 1709 E. Bay Balboa Harbor 777 Page -2- ORGANIZATIONAL CONTACTS AND SPEAKERS BUREAU Monte Grimes Ed Healy 700 E. Balboa 113 - 15th Street Balboa Newport Beach Harbor 2034 Harbor 3087 -J Mrs. Robert Marshall 367 Via Lido Soud Newport Beach Harbor 4168 -W Mrs. T. Duncan Stewart 183 Shorecliff Road Corona del Mar Harbor 2843 0 Mrs. Ralph Tandowsky 805 Via Lido Soud Newport Beach Harbor 1555 m r ��`� rr ���p��� fi+ � hA' '�'ac._ See File for The Bond Buyer September 28, 1957 E. I kill 4jbro,d� f - r K .:- California Street. N. 1%. Washingt" 4. ... ... Since July.0956. the Researcft�Dg�ftt IMnkVV6 AVISOCiation 6frica has undertake n bond market, the resulUiNif which are sent to JOUrn&IA, the Fedet"serve Board and othsrzt_ _WW of bids received survey;': s on- - y 7A record i We wouldlaippreciate your filling in the missing i the following bond.4"us, in order to complete our recd Title of Iss UM— pew 1 _pC%t Besue: water Date of Sale i GCtnber it. 195' Amount of Issu 51_`8f -000 Managing Und iter: :-e,zrity I itac Nat!.I_A! Total Number of.-MAx Received: Haads of Bid IUnS. groups.. get jnt.srest Cost 2� arity-First_ K&Ligr&AL B&nk ni I^n Aqvelea n__..s Ta- We have enclosed a stamped, self-addressed e), febr giving the matter your attention. firms, issues. 1962 1968 1.974 to 1977 r- ol: 1982 you Mr. Lawrence Jeffries Vice F.ces dent Jeffries B",d,.uote Company F. 0. Box 150" Los lilgeles 53, California Dear Mr. Je Sri• s 4 October 23, 1957 In accordance with oar . telephone ctYnvc.,.rsaLion o,:. yesterd, y , Lhu interest rates yre- sented in tilie successful bid of the Security -First Nationul f,ruc of :,os .'rkeles c_� lld :associates: In acco; cc.�;ncc 1•3;:h o : to call at your office at 9:00 A.M. on November I_ An to sign t Le BoadO. It is ;17 ' x. that the Cecuhi.ty -First Nati.o- t.al�han�z will call at ,- your of fief; .3t 9:00 , ° 3. O:: : ti.�; .._ . � :; :,;- � . f'. 3 at your O C: Lo ;2.1ive'X is : :: Ba�IA ri. ',3 so J1 as i nave L0!`a _ralati0% fr. nr. u''L vany •4 the schadul_ s tc L1.e, :n, I a l :.1 wi ..e the Secur:.LY- 4'irsC Nf tibn >l . F H :iilia .;ta =L t[if: :anointment definite. Thank you very much for your cooperatiun in this matter. Vcry truly yours, Margery Schrouder City Clerk - Treasurer HS:e iear5 19 ;:0 1962 J3.90 to 197�o- 1973 to 1977 +a I: r to In acco; cc.�;ncc 1•3;:h o : to call at your office at 9:00 A.M. on November I_ An to sign t Le BoadO. It is ;17 ' x. that the Cecuhi.ty -First Nati.o- t.al�han�z will call at ,- your of fief; .3t 9:00 , ° 3. O:: : ti.�; .._ . � :; :,;- � . f'. 3 at your O C: Lo ;2.1ive'X is : :: Ba�IA ri. ',3 so J1 as i nave L0!`a _ralati0% fr. nr. u''L vany •4 the schadul_ s tc L1.e, :n, I a l :.1 wi ..e the Secur:.LY- 4'irsC Nf tibn >l . F H :iilia .;ta =L t[if: :anointment definite. Thank you very much for your cooperatiun in this matter. Vcry truly yours, Margery Schrouder City Clerk - Treasurer HS:e Mr. Warren Beebe O'74alveny & Myers Attorneys at Law 433 South .13-prim., Street Los Angeles 13, California October 23, 1957 Nawport Bend Water Bonds. 1957 °nclosed _.?.case fin:' c ,.rtiz`ied co. ies of the following: Q_•d' prance No. 37.5, a_ovicin ., lar the issuance or "i= z�r. *_ ",each in the 3esolution Uo. 47C1, awardi ag, . ",7 ;780,000 bonds i.i.onal Bank o' Los e.n;eles and essocistps; Tlr,aft mi.nut ='s of the Coutir.'.sl huid 7ctober 14, 1957; Drart m_nvtes of the Council ire•_iing held October kc, 1957. I n a telephone conversation vri.th Mr. La�yr�•nce Jeffries of Jeffries Banknote Company, on October 22d, it has agreed that I woul: go to Loa ' Ageles on November 13th and sign the Water Fronds, ccmmencin; at 9:00 A.M. in the morning. Mr. Jeffries thi.n'cs that it will take me but a short time to do this, using their multiple signing machine. It was also agreed that the Security -First National Bank should appear at the office of Jeffries Banknote Comparey at .9:OOA.M. on ;ovember 15th to check the bands and that I would deliver the bonds at 10:00 A.M. on the 15th. M Page 2 At your convenience, will yqu please confirm tbat--.1bis arrangement is satlsftg 7 1 shall then write-ift Security -First Nationalt"Nonyk and make the ajjoQsnts definite. 'L MS: e Enclosures Very truly yours, !Margery Schroeder Cit* Clerk - Treasurer Pas Newport Beach 195.7 Water Bonds Thank you for bidding this morning in tiui::sale of the Newport Reach 1957 Water Bonds. Since your bid unsuccessful, I on returning, herewith your Cashier a Check in the amount of $53 400 in cOeplianco :vith the instructions of the Councii. The interest of your bank sad year iu**"Atra, First. of Hichigan`.Corporation, B. F, Hutton & Ca..., Faips, Webhsr, Jackson & Curtis, Shearson, H"V ll & CO weedah & C4., i sey -T" al.er & Co., and ° :J, 8: Bps & Co., in bidding for this issue of Bonds was wry mwcb:uppreciatod. Very tr„ iy yours, Margery Schroeder city Clerk > Treasurer Att. CITY. OF NEWPORT- BEACH CALIFORNIA Mr. Ralph A. Miller, Manner Security -first National Bank of Los Anneles and 149sociates Gerona del tsar Branch XU Bast Coast highway Cora del Mar, California Dear Mr. W.11er: r wA you very swch for presenting the bid of your bank and its associates in tine . matter of the sale of the Newport Beach 1957 ;aster ISonds. Your. interest was very amh appreciated, It 3s requested that you furnish me with s list of your associates who will share in the pcu:chese of the Water Bonds. Very truly yours, Margery $chrouder City clerk Treasurer MS:a October 16, 1957 Mr. Roland A. Wright Assistant ViCe President Bank of America National Trust and Savings Association 3444 Via Lida Newport Beach, California Dear Mr. Wrrightt Thank you very much for presenting the bid of your bank and its associates in the matter of the sale of the Newport Beach 1953 Water Bonds. Your Interest was very such appreciated. It is requested that you forward to one a list of the associates A%6 would have Shared in the Purchase of the Water Bonds had you been successful. Very truly yours, Margery Schrouder City Clark - Treasurer MS:e F ❑XI REUSCH & CO. DIXIE TERMINAL BLDG. INCORPORATED TES.. PARKWAY I33I CINCINNATI 2 �LFT 'PC CI -7s MUNICIPAL BONDS Dear Sir: We note in the Bond Buyer that you co.-AcnpIate selling $ 1,780,000 bonds on Oct. 16th. We are interested in submitting a bid fer the". bonds and would appreciate receiving copy of the Notic ;,f Sale, financial statement, including assessed valuation, net bonded debt, and any other information available. Thanking you, we are PDX. RSI*M ! OD.. 1K. 0 Mr. Robert Shelton City Manager City Hall Newport Beach, Calif. EASTMAN DILLON, UNION SECURITIES & W. 15 Broad Street • New York 5, New York Gentlemen: [)Li ' I;N Would you please send us by re�}m+.ihail tw4•f aCH copies of the notice of sale and bij¢lordi, +��'t]d any other information available in connection with your offering of the following bonds. RE: $1,780,000 CITY OF NEWPORT BEACH, CALIFORNIA Date of Sale: October 18, 1957 Thank you, Elaine Van der Linden Municipal Department �P ` II -PM ' THIS SIDE OFCARDIS OR'A RES -,, Robert Shelton,: City Manager City Hall Newport Beach, California C W9® t October 4, 1957 Al 4 rp J, Miss Margery Schrouder City Clerk Newport Beach, California Re: $1,780,000 City of Newport Beach, California, Water Bonds of 1957 % C' 'S1 Dear Miss Schrouder: c1TY ol;'N�wPOn In connection with the above bond issue, please CITY send us two copies of the notice of sale, bid form and financial statement and any other information which may be available that would be pertinent to this bond issue. Please place our name on your mailing list to receive annual reports or information concernipg any financing you may do in the future. Very truly yours, DEAN W117ER & CO. PEBeak Paul alog DEAXWITTER Bc CO. SAN FRANCISCO LOS ANGELES SEATTLE INVESTMENT BANKERS BEVERLY HILLS PORTLAND _ SAN MARINO OAKLAND MEMBERS SAN DIEGO SACRAMENTO NEW YORK STOCK EXCHANGE SAN FRANCISCO STOCK EXCHANGE FRESNO HONOLULU AND OTHER LEADING STOCK 6 COMMODITY EXCHANGES STOCKTON CHICAGO BOSTON 14 WALL STREET NEW YORK5,.N.Y. W9® t October 4, 1957 Al 4 rp J, Miss Margery Schrouder City Clerk Newport Beach, California Re: $1,780,000 City of Newport Beach, California, Water Bonds of 1957 % C' 'S1 Dear Miss Schrouder: c1TY ol;'N�wPOn In connection with the above bond issue, please CITY send us two copies of the notice of sale, bid form and financial statement and any other information which may be available that would be pertinent to this bond issue. Please place our name on your mailing list to receive annual reports or information concernipg any financing you may do in the future. Very truly yours, DEAN W117ER & CO. PEBeak Paul alog FITCH INVESTORS ESTABLISHED 1813 SERVICE (V_ THE FITCH PUBLISHING CO., INCORPORATED 120 WALL STREET NEW YORK 5, N. Y. TELEPHONE DIGBY 4 -0050 October 3, 1957 F?F.r I.I,e® Mr. R. Shelton, City Manager OCT 7 -';7 City Hall Newport Beach, California I'T� CITY CFA „> - .:::�SO!1L'R 4.b!GRTB9.4c" Dear Mr. Shelton: Kindly forward two copies of notice of sale and statistical data that may be prepared in connection with the proposed offering of $1,780,000 Newport Beach, Calif. bonds on October 16, 1957. This information is desired for partial publishing in our Services and the current information is to be re- tained in our files and may be used along with other data for determining a credit rating of the subject obligation. EMK:cw Very truly yours, Municipal Department Edward M. Koshlap MEMBERS NEW YORK STOCK EXCHANGE AMERICAN STOCK EXCHANGE �� nime �7oac`usai� October 2, 1957 Margaret Schrouder, City Clerk Council Chambers City Hall Newport Beach, California Dear Sir: TELEPHONE OIOBT 4 -4100 SID '��� POKT i3s 'Col' pe � Market conditions permitting we contemplate bidding on the $1,780,00 CITY OF NEWPORT BEACH, CALIFORNIA WATER BONDS, 1951 scheduled for sale October 16, 1957 , and we would therefore appreciate receiving two copies each of the official notice of sale and the bidding form on these bonds. We would also thank you to send us latest state- ment of essential facts regarding the city. This information is absolutely necessary to enable us to determine the bid to be submitted for these bonds. A self addressed stamped envelope is enclosed. Thanking you for your courtesy in this matter, we are Yours very truly, BACON, STEUNSON & CO. By Municipal �_ Department 1PXB:po Enclosure • e 0 I SALOMON BROS.& HUTZLER MEMBERN or THE Naw Yoga STOGx ExcHANGE SIXTY WALL STREET NEW YORK 5, N. Y. BOSTON PHILADBLPHIA CLEVELAND CHICAGO a" FR&NCIBOO DALLAS NEST PALM BEACH Hiss Margery Schrouder City Clerk City Hall Newport Beach, California Dear Miss Schrouder• September 27, 1957 c� G1 We would appreciate receiving a copy of the Official Notice of Sale and any financial statement issued in connection with the sale of $1,780,000 bonds by the city on October 16, 1957. Kindly address the material in care of the undersigned.. = :al Pert' truly yours, • [� t a .. d �Ie York ..I2�.I5•� Dear Sir: 'III We would appreciate your sending us a copy of your latest financial statement and any other available information in connection ' with your coming bond sale. %\•iId,Oat) Thank you for your courtesy. Brown Brothers Harriman & Co. 59 Wall Street New York 5, N. Y. Att: Bond Department S/W- SC -3 -57 /so" Z E E U1 M y 57 a = �\AIR MAIL.-- P_O`SSTTAL CARD ,o ].•r� ��1�.M o C� , �1J► �� w�ccn J ptember 30, 1957 Stone 6.Yoangberg _ Russ Building San Francisco, Cal is Attention; Mr. Richard Bartle f Dear Mr. Bartle: Attached hereto are copies of eelf- explanatory letters received today. Very truly.yours, s Margery Schrouder City Clerk - Treasurer . MS:em (Written in absence of Miss Schrouder) f x _ 1< >.. ,:: ..tc .,> =.}SPA -.,-. .. k : ,• - �2 � y 9 »: � d ALI �\ � y: - �� d� . - � � «. � a : � z . Margery -ftbroude r .. Clerk City i fi-Iso 0do OF MMOW.MWHO CAL. Water Bonds ..Selilngt Oct. 160:1957 Dear P%dW: Would you please send us foi-W(4) copies Of your prospectul, notice of sale# bid form, and such othext.,. pertinent information that ym may have regarding thy.' above bond issue.,., We would appreciate any statement you may wish to make relating to this and future bond issues of your municipality. Would you please Place us on your mailing list to receive information relating to future bond issues as it becomes available. Very truly yours, Alfred C, Shepard Municipal Department U NK ...... MAX Margery -ftbroude r .. Clerk City i fi-Iso 0do OF MMOW.MWHO CAL. Water Bonds ..Selilngt Oct. 160:1957 Dear P%dW: Would you please send us foi-W(4) copies Of your prospectul, notice of sale# bid form, and such othext.,. pertinent information that ym may have regarding thy.' above bond issue.,., We would appreciate any statement you may wish to make relating to this and future bond issues of your municipality. Would you please Place us on your mailing list to receive information relating to future bond issues as it becomes available. Very truly yours, Alfred C, Shepard Municipal Department U i __� , _ . _ . -_ _x__ �_ z ant f A : V : vw :f- IRS? z ant f A : V : 0 f, PAINE, WEBBER, JACKSON & CURTIS 9TAALI®R...... 2.5 BROAD STREET MtmnERS TSL6PtlONE PRINCIPAL SSOCK AND RANOVCR II -A6L4 COMMODI'R' £XCl{AN6E8 NEWYORK 4, N.Y. September 30, 1957 Mr. Robert Shelton City Manager City Hall Newport Beach, California. Dear Sir; We understand that you are calling for bids on $1,780,000 General Obligation Water Bonds of the City of Newport Beach, California, on October lb. Kindly send us two copies of the bid form, to- gether with arW other such pertinent data as you have issued in connection with this sale. Very truly yours, PAINE, WSBRMR. AC KSOURTIS l icipal Bond Department RAFONSPERGER.HUGHES ISCO. iw e.a.owwr.P INVESTMENT 913 NORTH MERIDIAN STREET Ta LaPNGNC. MELaCaa 6 -4991 SECURITIES INDIANAPDLIS 4. IND. sau SY.Trm T[L[TTLa -1P 368 MEMBER MIDWEST STOCK EXCHANGE Securities quoted are subject to prior sale or purchase and change in price without notice. September 30, 1957 �✓ Mr. Robert Shelton City Manager City Hall Newport Beach, California Dear Sir- We have been informed that City of Newport Beach, California is offering $ 1.780,000 Water Bonds, 1957 on _ October 1 ,-1� 957 . We would appreciate receiving the following i tion at the earliest possible date to assist us in bidding on these bonds. 1. Bond sale notice. 2. Information and date regarding last default, if any, on principal or interest. 3. General data regarding the agricultural and /or industrial development of the community and surrounding area. k. Information as to whether the bonds are limited or unlimited tax, and if they are the former, information relative to their being able to pay within the tax limitation. 5. Legal opinion, if any. y` IN Met— We are also enclosing a form to assist you in supplying the necessary debt, assessed valuation, tax collection and population figures. Yours very truly, RAFFENSPERGER, HUGHES & CO,, INC. ;s') Joan M. Nonte/ • • 1 FINANCIAL STATEMENT Estimated heal Valuation $ Assessed Valuation $ Total Direct Bonded Debt $ Total Overlapping Debt $ Total Bonded Debt (other) $ Any Other Special Debt (School Building Corp.,, or School Authority or School Revenue Debt) $ County Assessed Valuation $ County Bonded Debt $ POPULATION mm 1950 19 (estimated) TAX COLLECTIONS Year Rate Total Amount Levied Actual Collections 19 19 19 19 19° MARION H. WOODY JOHN D. HEIMEROINOER JOHN N. IUERBACNER JOHN M. HEIMOROINCCR CARL A. MIIRTHINO WALTER, WOODY & HEIMERDINGER TEL[lNONC MAIN 1.5071 MUNICIPAL BONDS 403 DIXIE TERMINAL. BUILDING CINCINNATI 2. OHIO '� �' • •� j' _ Mrs M.rgery Schouder, City Clerk City of Newport Beach City ff 11 Neirport Bee ch, California:. Dear Sir: September 30, 1957 SUBJECT: $1,780,000 NaIPORT BEACH, CALIFORNIA Water Bonds which are to be sold October 16th. Kindly give us on the reverse side of this sheet, details covering the above described bond issue. G• We are interested in negotiating for purchase of these bonds. If negotiations are in order, when could our representative meet with your governing body to submit a proposal for these securities? Wherever we purchase municipals, we handle all details incident to their issuance through our bond attorneys and various departments without charge to the issuing municipality if the municipality so desires. Thanking you for complete information covering your bonds and for your reply to the above, with very best respects, we are Very truly yours, WALTER, WOODY & HEIMERDINGER JGH:KLC 0 Walter, Woody & Heimerdinger MUNICIPAL BONDS 403 Dbde Terminal Cincinnati 2, Ohio Name of issuing County, Municipality or District Amount of bonds authorized $ ... ...... _ .............. __ ............ _. What day will officials meet to .negotiate sale of bonds? Amount of good faith deposit required (if any) ? In what year or years do bonds mature and become payable? If bonds mature serially, how many mature in each year? If bonds contain optional right of redemption, state year thereof What rate of interest do bonds bear? Is interest payable annually or semi - annually? At what place are principal and interest of bonds payable? For what purpose or purposes are bonds being issued In what denomination are bonds to be issued? When are bonds to be dated.? to be sold 0 STATEMENT OF BOND .......................... _ .............. _ ...... . .......... ...................... % FINANCIAL STATEMENT OF ISSUING COUNTY. MUNICIPALITY OR DISTRICT Real value of taxable property, estimated Assessed valuation as last equalized for taxation Give estimate of the amount of the next year's assessed valuation Give amount total bonded Indebtedness, including bonds now to be issued Is there any floating or unEpnded debt, in addition to bonded debt? What amount of Waterworks bonds are included in total bonded debt? What amount of Electric Lighr bonds are included In total bonded debt? What amount of Special Assessment Bonds payable solely from taxes levied against the property improved are included in total bonded debt as above? What amount of Sinking Fund is now held for debt redemption (if any) ? Give present estimated population of issuing County, Municipality or District If bonds are being issued by a District give number of acres contained therein If bonds . are being issued by a District give average value of land per acre If bonds are being issued by a District, state what Towns and Cities are located therein also Railroads crooing or traversing District $ ........................................................... ............................... $.._ ...................................................... ....................._......... $ ....... _ ........................ ....................................................... Wen these bonds vo[ed7.:.., —..___ .............._.._.._..._...:If so. how many votes for issur.,_ ..._...T,,.,,.,,,,.- ,..- .,,., -, against.... ,.._.. ... _: ....-_.,,._,,. ..... .......... — In case bonds voted. if possible attach hereto printed copy of notice or ptorlamation of elertign Under what law are bonds to be issued? Give year of passage. eliaptsv pad section Are any other issues of bonds in contemplation or authorized? If so. please give amounts. purpose of issue and probable time of issuance Has there been or is there any litigation pending of threatened affecting these bonds? Have any previous issue or issue& of bonds been contested? Has there ever been any default . in payment of principal or interest on any obligation? Give principal products and industries of issuing County. Municipality or District Are these bonds payable from unlimited ad . valorem axes? If not and they are payable from limited tax levy, what are the limited taxes which may be leviod for their payment and roust such limited tax be apportioned to payment of bonds and also the operat- ing expensts and if so. what is the percentage which cam be allocatcd to debt service? Will you also please give ms below the current tax levy. the current ax collections and also delinquent ax collections (if any), so we may compute the total current tax collections in your political subdivision and delinquent ax collections? IF THE ABOVE - DESCRIBED BONDS WHICH ARE TO BE SOLD ARE PAYABLE FROM EARNINGS OF A GIVEN PROJECT, PLEASE FURNISH IN ADDITION TO THE .ABOVE THE FOLLOWING INFORMATION: From what source are the project's facilities available? (For example. if waterworks. is the water purchased or is it obtained from wells. lake. river or watershed: if electric plant. is the energy purchased or generated: if gas plant. is the gas pamhased or manufactured?) Flas there ever been a shortage in the availability of facilities for sale to the consumers or does a shortage now exist? Is this a new project or an addition to existing If so. describe the proposed. If this is an addition to existing properties, what was .grow revenue from this project for the last fiscal year? What was the maintenance and operating expense of this project for the last fiscal Are there any other obligations outstanding which are a charge against the earnings of this project? If so. please describe the outstanding debts which are payable from the earnings of this project showing the amount thereof. interest ate and maturities of such If this is a new project. please arrange to give us estimated annual gross revenues and sources thereof: the estimated annual maintenance and operating expenses and the estimated net annual revenues available for payment of debt service and reserves and also send us copy of engineer's report on the project. If you have any additional information on this bond issue. please give below:. I HEREBY CERTIFY that the foregoing statements are true and correct to the best of my knowledge and belief. SEAL OF ISSUING COUNTY, Signature . MUNICIPALITY OR DISTRICT Impress Here. Official I Dated at�..�.__--- .._this.._�.____day of___ _..:..__..:......._.....__..._ 19....._ 0f..b0ns.W9 NTH 66666 C Cable Atltlnu: COHAU►T W, IIRA IHIAUFT & CO. Robert Shelton, City Manager City Hall Newport Beach, California Dear Sir: III $ R O A D W A Y • N E W Y O R K 6. N. Y. !RANCH OFFICES. 90 MADISON AVENUE 661 SEVENTH AVENUE LC EAST 49- STREET 60 E. ►OR.ONAM ROAD 15 EAST BROADWAY OROORLYN 1616 ►ITRIN AVE. September 27, 1957 Please send us two c pi the Official Notice of Sale and- pies of essential facts In c_onnectl n with your proposed offering o1` -bons o3 -r whi- c- iT:ids have been invited on October 16, 1957 Your cooperation in this respect will be greatly appreciated. Very truly yours, IRA HAUPT & CO. �t7� /°, HJP /nw Harry J. Peiser U . i' ,a NOTICE INVITING BIDS ON $1,780,000 CITY OF NEWPORT BEACII, CALIFORNIA, GENERAL OBLIGATION BONDS NOTICE IS HEREBY GIVEN that sealed proposals for the purchase of $1,780,000 par value general obligation bonds of the City. of Newport Beach Califor- nia, will be received by the City Council of said city at the place and up to the time below speci- fied: TIME: .11:00 o'clock A. M., Pacific Standard Time, .October 16, 1957. PLACE: '.City Council Chambers City Hall Newport Beach, California MAILED BIDS: Should be mailed to the City Council of the City of New - �pdit Beach, c/o City Clerk, City Hall, Newport Beach, California. OtENING OF BIDS: The bids wilf,be opened at an adjourned regular meeting of Said City Council to be held in said Coun- cil - Chambers in the City Hall in said,City on October 16, 1957, be. ginning at 11:00 o'clock A. M. ISSUE: $1,780,000, consisting of 1780 bonds, designated WA. TER BONDS, 1957, numbered 1 to 1780, both inclusive, of the denomination of $1,000 each, all dated November 1, 1957. MATURITIES: The bonds will mature in consecutive numerical order in annual amounts as fol- lows: $70,000 on November 1 in each of the years 1958 to .1976, . both inclusive, and $75,000 on November 1 in each of the years 1977 to 1982; both inclusive. INTEREST: The bonds shall bear interest at a rate or rates . to be fixed upon the sale thereof but not to exceed 6% per annum, payable annually the first year and semiannually thereafter. .SIGNATURES: At least one of the signatures on the bonds will be manually affixed. PAYMENT: Said bonds and the interest thereon are payable in lawful money of the United States of America at the office of the City Treasurer of the City of .Newport Beach, Califor- nia, in said City, or at any fiscal agency of said City in Los Angeles, California, or in Chica. go Iillinois, or in New York, NYork, at the option of the holder thereof. REGISTRATION: The bonds will be coupon bonds registerable only as to both principal and in. terest. CALLABLE: The bonds ma- turing on or prior to November 1, 1972, .shall not be subject to .call or redemption prior to ma- turity. The bonds maturing on or after November 1; 1973, or any of them, may be called before maturity and redeemed, at the option of the City, in inverse or- der of maturity and number, on November 1, 1972, or on any in- terest payment date thereafter prior to maturity, at a redemp- tion price for each redeemable bond equal to the principal . amount thereof and accrued in- terest to the redemption date, plus the following premiums if redeemed at the following times: Year of Call Premium 1972 or 1973 ................ 4%d 1974 ................................ 3 %% 1975 ... - ....... ___ ......... __ 3% 1976 . ............................... 2% % 1977 ....... .. ..................... B% 1978 ............... _............... 1% 1979 or 1980 _. ........ ..... 1% 1981 or 1982 ................ %clo PURPOSE OF THE ISSUE: Said bonds are issued for the purpose of providing additions to and improvements of the water storage, transmission and distri- bution system of said City. SECURITY: Said bonds are issued pursuant to Article 1, Chapter 4, Division 4, Title 4 (Sections 43600 et seq.) of the Government Code of the Statp,..of California, sometimes known as the Municipal Bond Act of 1901. For the purpose of paying the principal and interest of said bonds the City Council shall at the time of fixing the general tax lexy, and annually thereafter until said bonds are paid or un. ill there is a. sum in the treasury of said City set apart for that purpose sufficient to meet all payments of principal and inter- est on said bonds astheybecome due, levy and collect a tax suf- ficient to pay the interest on said bonds as it falls due and such part of the principal there- of as will become due before the proceeds of a tax levied at the next .general tax levy will be available Said tax shall be in addition to all other taxes levied for municipal purposes and shall be levied and collected as other city taxes. TERMS OF SALE INTEREST RATE.: The max - Imum rate bid may not exceed 80h; payable .annually the first year and semiannually there- after. Each rate bid must be a multiple of %th of 1% or 1 /20th of 1 01o. No bond shall bear more than one interest 'ate, and all bonds of the same maturity shall bear the same rate. Not more than four in- terest rates may be bid. The repetition of any rate will not be 'Considered the bidding of an additional rate. The rate on any maturity or group of maturities shall not be more than I%0A higher than the interest rate on any other maturity or group of maturities. AWARD: The bonds shall be sold for cash only. All bids must be for not leas than all of the bonds hereby offered . for sale and each bid shall state that the bidder offers par and accrued interest to the date of delivery, the premium, if any, . and the interest rate or rates not to exceed those specified herein, at which the bidder of- • law- 0 ters to buy said bonds. Each bidder shall state in his bid the total net interest cost in dollars and the average net interest rate determined thereby, which shall be considered . informative only and not a part of the bid. HIGHEST BIDDER: The bonds will be awarded to the highest responsible bidder or bidders considering the interest rate or rates specified and the premium offered, if any. The highest bid will be determined by deducting the amount of the premium bid (if any) from the total amount of interest which the City would be required to pay from the date of said bonds to the respective maturity dates thereof at the coupon rate or rates specified in the bid and the award will be made on the basis of the lowest net interest cost to the City. The purchaser must pay accrued intermit from the date of the bonds to the date of delivery. The accrued in- terest shall be computed on a 380 -day year basis. The cast of printing the bonds will be borne by the City. RIGHT OF REJECTION: The City reserves the tight, in its discretion, to reject any and all bids and to the extent not pro- hibited by law to waive any ir- regularity or informality in any bid. PROMPT AWARD: The City will take action awarding the bonds or rejecting all bids not later than twenty -six (26) hours after the time herein prescribed . for the receipt of proposals; provided that the award may be made after the expiration of the specified time if the bidder shall not have given to the City Council notice in writing of the withdrawal of such proposal. PLACE OF DELIVERY;, De- livery of said bonds will be made to the successful bidder at the office of the City Treasurer, unless some q � place of de- livery is agiupon between the City Treasurer and the pur- chaser. PROMPT DELIVERY, CAN - CELL TION FOR LATE DE- LIVERY: It. is expected that said bonds will be delivered to the successful bidder within thirty (30) days froft the date of the award thereat: The suc- cessful bidder ahsA have the right, at his option to cancel the contract of purchase if the City shall fail to execute the bonds and tender them for de- livery within sixty (60) days from the date of the award thereof, and in such event the successful bidder shall be en- titled to the return of the de- posit accompanying his bid. FORM OF BID: Each bill, to- gether with thee. bid check, must be in asealed envelope, address- ed to the City Council of the City of Newport Beach, c/o City Clerk, City Hall, Newport Beach, California, with the en- velope and bid clearly marked "Proposal for $1,780,000 Water Bonds.,, BID CHECK: A certified or cashier's check on a responsible bank or trust company in the amount of 3% of the principal amount of the bonds, payable to the order of the City, must ac- company each proposal as a guaranty that the bidder, if suc- cessful, will accept and pay for said bonds in accordance with the terms of his bid. The pro- ceeds of the check accompany- ing any accepted proposal shall be .applied on the purchase price or, if such proposal is accepted but not performed, unless such failure of performance shall be caused by any act or omission of the City, shall then be re- tained by the City. The check accompanying each unaccepted proposal will be returned promptly. 0 CHANGE IN TAX STATUS: At any time the bonds are tendered for de- livery the successful bidder may 'disaffirm and withdraw the proposal if the Interest received by private holders from boards of the same type and character shall be declared to be taxable income under present federal in- come tax laws, either by a rul- ing of the Bureau of Internal Revenue or by a decision of any federal court, or shall be declar- ed taxable by the terms of any federal income tax law enacted subsequent to the date of this notice. LEGAL OPINION: The un- qualified opinion of O'Melveny & Myers, attorneys, approving the validity of said bonds will be furnished the successful bid- der at or prior to the date of delivery of the bonds, at the ex- pense of the City. NO LITIGATION CERTIFI- CATE: At the time of payment for and delivery M said bonds, the City will .furnish the suc- cessful bidder a certificate that there is no litigation pending .affecting the validity of the bonds. INFORMATION A V A I L- ABLE: Copies of this notice and of the official prospectus relat- ing to said bonds may be ob- tamed from .Robert Shelton, City Manager; City Hall, New- port Beach, California, or from the financial consultant to said City, Stone & Youngberg,. Rugs Building, San Francisco,. Califor- nia. GIVEN by order of the City Council of the City of Newport Beach, California, adopted Sep- tember 16, 1957. 34ARGERY SCHROUDER City Clerk of the City of New- port Beach, California No. $20 News Press 9/23/57 • I, _ ;;:'- wptimou�s cuy 193! Mr. Ray R. Limn ®'YAlveny 6 ei►e Attorneys at tsar: 433 South Sprint Street Loa Angeles 13's California :. Dear Mr. iindmena Eaciosed please find a duly certified eep� of Resolution lio. 4696, adopted try the Council of the City.of Newport Beach an September 16;.1997. . Very truly yours; Margery Schrouder City Clerk - Treasurer sac. - i .: ,IYzr x � � s • 0 CITY OF NEWPORT BEACH WATER BONDS, 1957 P-bl - -oaf ons in City CCouncil meeis NEWPORT HARBOR NEWS -PRESS 2nd ar6 4th Mondays published on Thursdays at 7: P.11. CALENDAR FOR BOND SALE 1957 September 16 - Introduce ordinance of issuance (Adjourned reular Ad:�pt resolution re sale Meeting) September 23 September 27 - on or before this date publish Notice Inviting Bids once in NEWPORT BEACH NEWS- PRESS. Also publish advertisement in THE BOND BUYER at earliest possible date. Not later than this date City Clerk shall. mail copy of Notice invi£ing Bids to each addressee shown on mailing list furnished by Stone & Youngberg. y :ctober 14 - Adopt ordinance of issuance "J meeting) (Regular -,� g) (At least 5 aye votes required. :r Read in full unless reading waived by unanimous vote on separate motion after reading of title.) - Adjourn to October 16th at 11:00 o'clock A.M. October 16 - 21:00 A.M. - Open bids and award bonds. (Adjourned regular meeting) October 21 - On or before this date publish ordinance. (Bonds must not be delivered before November 13th) �k ti "r r'i kilt _ LS s 3 � to .. .. µmoils F �t 4 r - 5 f 3 .�.r MAP �. .ri. t r'-Ya`•. - - . v i b 4 °1i 3 � µmoils La - v i b :f 3 °1i ..... is F i i 3 µmoils La - v i b ART ..... is i 3 ' t- � f a i 4, Ty r ? h Y L t l -af OCR n r� ua i ♦Y' a tR . W , PIT", � .. a .. .... ,. ..... x y•� � • l y V 9/1/56 - 100c MAILING LIST FOR NOTICES INVITING BIDS 0 N (Revised to4eptember 1, 1956) ATTORNEY: O'Melveny & Myers 433 South Sprin Street Los Angeles (M BOND PUBLICATIONS. The Bond Buyer Investment Dealers' Digest The Wall Street Journal RATING HOUSES. Name California Municipal Statistics, Inc. Dun & Bradstreet, Inc, Moody's Investors Service 67 Pearl Street, New York (4) 150 Broadway, New York (38) �f �r: 1 o 108 West Sixth Street, Los Angeles (14) 244 Kearny Street, San Francisco (8) Bost 803, Church Street Annex,New York 65 Broadway, New York (6) Standard & Poor's Corporation Attn. Walter He Tyler 345 Hudson Street, New York (14) LIST OF MUNICIPAL BOND DEALERS (This list is not complete, but contairys the names of those who bid frequently on California municipals,) Address Beverly Hills, California Jo B. Hanauer & Co. 140 South Beverly Drive Sidney Be Hook Daniel Reeves & Co, Taylor and Company Coronado, California Jo A. Overton & Co. Los Angeles, California Bank of America National Trust and Savings Association, Attn,Mr, Walter Bro Securities Department J, Barth & Co; Fred Do Blake & Co, Blyth & Co., Inc,. California Bank Citizens National Trust & Savings Bank Dempsey- Tegeler & Co. 218 North Almont Drive 9445 Olympic Boulevard 364 North Camden Drive Zone Room 11, Bank of America Bldg. 660 South Spring Street (14) 3323 Wilshire Blvd, (5 ) 548 South Spring Street (13) 215 West Sixth Street (14) 625 South Spring Street (14) 457 South Spring Street (14) 210 West Seventh Street (14) 0 r. #2 - Mailing List for Notices Inviting Bids on Municipal Bonds Name AAA., n ee Los Angeles, California (Continued Eastman, Dillon Union Securities & Co. Attn. Harold W. Ross 3115 Wilshire Blvd. First California Company-- Att:Jack 647 South Spring Street Gross, Rogers & Co. Rogers 559 South Figueroa Street Hill Richards & Co. E. F. Hutton & Company Harry and Myron Kunin Merrill Lynch, Pierce, Fenner & Beane R. H. Moulton & Company' John Nuveen & Co. Paine, Webber, Jackson & Curtis Security -First National Bank of Los Angeles, Attn. Securities Department Shearson, Hammill & Co. Turner Poindexter & Co. William R. Staats & Co. Wagenseller & Durst, Inc. Weeden & Co. White, Weld & Co. Dean Witter & Co. H. E. Work & Co. 621 South Spring Street 623 South Spring Street 403 West Eighth Street 523 West Sixth Street 510 South Spring Street 210 West Seventh Street 626 South Spring Street 215 West Sixth Street 520 South Grand Avenue 626 South Spring Street 640 South Spring Street 626 South Spring Street 650 South Spring Street 523 West Sixth Street 632 South Spring Street 650 South Spring Street Oakland, California C. N. White & Co. 1201 Central Bank Bldg. Mason Bros. Central Bank Bldg. Pasade Jones, Cosgrove & Miller Pasadena Corporation Redfield & Co. California 81 South Euclid Avenue 618 East Colorado Street 87 South Euclid Avenue Sacramento, California Department of Finance, State of California Attn. Mr. Rene L. Rothschild Sacramento 14, California Zone (5) ((17) (14) (14> (14? (14) (13) (14) (14) (54) (17) (14) (14) (14) (14) (14) (14) (14) (12 ) (12) (1) (1) (1) 0 #3 - Mailing List for Notices Inviting Bids on Municipal Bonds Name Address Zone San Diego, California The First National Trust & Savings Bank of San Diego 1007 Fifth Avenue (1) San Francisco, California American Trust Company 464 California Street (20) The Anglo California National Bank of San Francisco 1 Sansome Street (20) Bank of America National Trust and Savings Association, Attn. Mr. Alan K. Browne, Vice President Department 300 Montgomery Street (20) Municipal Bond J. Barth & Co. - -Att: A.E'.Kimball 404 Montgomery Street (,4) Baxter & Company -- Att: Belden S. 605 Market Street j5 ) A. G. Becker & Co. Gardner,Jr, 465- California Street (4) &moo- ;cerperseet" _ ___._58.:.,9utter Street . (4) Blyth & Co., Inc. 2100 Russ Building (4) Brush, Slocumb & Co., Inc. 1 Montgomery Street (4) C. J. Devine & Co.. 3001 Russ Building (4) Elworthy & Co, 111 Sutter Street (4) The First Boston Corporation 405 Montgomery Street (4) First California Company 300 Montgomery Street (20 Att:Bond Halsey, Stuart & Co., Inc. 235 Montgomery Street (4) Dept. Hannaford & Talbot,a Corporation 519 California Street (4) Harris Trust and Savings Bank 2813 muss Building (4) u..,,.. n u, e W o ems_ _�. _ - _..__ ..�28a3s.;'Por - .___. ........ .. (4) Hill Richards & Co. 155 Montgomery Street (4) Riser Kidder, Peabody & Co.. Russ Building (4) Lawson, Levy & Williams 1 Montgomery Street (4) Leppo, Dorking & Sherman 31.5 Montgomery Street (4) Merrill Lynch,Pierce,Fenner & Beane 301 Montgomery Street (4) R. H. Moulton & Company 405 Montgomery Street (4) Salomon Bros. & Hutzler Russ Building (4) Schwabacher & Co. 600 Market Street (4) z • 0 #4 - Mailing List for Notices Inviting Bids on Municipal Bonds Name Address Zone San Francisco, California (continued) William R. Staats & Co. 111 Sutter Street (4) Stone & Youngberg 948 Russ Building (4) F. S. Smithers & Co. Attn. J. A. Felchlin 2607 Russ Building (4) Weeden & Co. 315 Montgomery Street (4) Wells Fargo Bank 4 Montgomery Street (4) Dean Witter & Co. 45 Montgomery Street (6) H. E. Work & Co. 100 Bush Street (4) .0, . � #5 - Mailing List for Notices Inviting Bids on Municipal Bonds Name Chicago, Illinois Address A. C. Allyn and Company,Incorporated 122 South La Salle Street Barcus Kindred & Company Allan Blair & Company 231 South La Salle Street 135 South La Salle Street Zone (3) (4) (3) C.F. Childs and Company9Incorporated 141 West Jackson Boulevard (4) Cruttenden & Co. 209 South La Salle. Street (4) The First National Bank of Chicago 38 South Dearborn Street (90) First Seettritles empWy- of ehie&50 154iuv i raa �Ofti-1 Bt___t ...... -(3) Glore, Forgan & Co. 135 South La Salle Street. (3) Halsey, Stuart & Co., Inc; 123 South La Salle Street (90) Harris Trust and Savings Bank 115 West Monroe Street (90) McMaster Hutchinson & Co. 105 South La Salle Street (3) The Northern Trust Company 50 South La Salle Street (90) Paine, Webber, Jackson & Curtis 209 South La Salle Street (4) John Nuveen & Co. 135 South La Salle Street (3) Smith Barney & Co. 39 South La Salle Street (3) Salomon Bros. & Hutzler 231 South La Salle Street (4) Herbert J. Sims &'Co., Inc. 208 South La Salle Street (4) Stifel, Nicolaus & Co., Inc. 105 West Adams Street 3 M. B. Vick & Company 120 South La Salle Street (3) New York City, New York Bache & Co. 36 Wall Street (5) Bankers Trust Company Attn, W. Neal Fulkerson Vice President 16 Wall Street (15) Blair & Co., Incorporated 44 Wall Street (5) The Chase Manhattan Bank Attn. John S. Linen Vice President 18 Pine Street (15) Chemical Corn Exchange Bank 30 Broad Street (15) Drexel & Co. 14 Wall Street (5) Eastman, Dillon Union Securities & Co,15 Broad Street and S5� Attn. Donald MacFadden 65 Broadway t6 The First Boston Corporation Attn. Warren A. Ruxton Vice President 100 Broadway (5) #6 - Mailing List for Notices Inviting Bids on Municipal Bonds Name New York Ci The First National City Bank of New York Attn. Delmont K. Pfeffer Vice President Bond Administration, 8th Floor Freeman &Company Chore, Forgan & Co. Guaranty Trust Company of New York Harriman Ripley & Co „ Incorporated Ira Haupt & Co. Attn. Wm. G. Carrington, Jr. E. F. Hutton & Company Kidder, Heabody & Co. Laidlaw & Co. Lazard Freres & Co. Lehman Brothers Manufacturers Trust Company Merrill Lynch,Pierce,Fenner & Beane J. P. Morgan & Co., Incorporated Phelps, Fenn & Co. Salomon Bros. & Hutzler Herbert J. Sims & Co., Inc. Smith, Barney & Co. Smithers & Co., F.S. Attn. A. C. Shepard Dean Witter & Co. Miscellaneous Allison- Williams Company J. C. Bradford & Co. Braun, Bosworth & Co.,Incorporated Commerce Trust Company Address New York (continued 55 Wall Street 61 Broadway 40 Wall Street 140 Broadway 63 Wall Street 111 Broadway 61 Broadway 17 Wall Street 25 Broad Street 44 Wall Street 1 William Street 55 Broad Street 70 Pine Street 23 Wall Street 39 Broadway 60 Wall Street 52 Wall Street 14 Wall Street 1 Wall Street 14 Wall Street Northwestern Bank Building Minneapolis 2, Minnesota 418 Union Street Nashville 3, Tennessee 1200 Toledo Trust Building Toledo 4. Ohio Tenth and Walnut Streets Kansas City 10, Missouri Zone (15) (5) (15) (5) (6) (6) (5) (4) (5) (4) (15) (5) (8) (6) ((5) (5) (5) (5) #7 - Mailing List for Notices Inviting Bids on Municipal Bonds Name Dempsey - Tegeler & Co. First National Bank of Portland First of Michigan Corporation Juran & Moody, Inc. J. B. Hanauer & Co. (send 2 copies of each document) Kalman & Company The Milwaukee Company Piersol, O'Brien & Adams, Inc Pohl & Company, Inc. Provident Savings Bank & Trust Company Raffensperger, Hughes & Co. Robert E. Schweser Company Seattle - First National Bank W. R. Stephens Investment Company, Inc. Stranahan, Harris & Company Stubbs, Smith & Lombardo, Inc. Wachob- Bender Corporation Walter, Woody & Heimerdinger Womeldorff & Lindsey Address 1000 Locust Street St. Louis 1, Missouri S.W. Sixth and Stark Streets Portland 4, Oregon 1500 Buhl Building Detroit 26, Michigan 93 East Sixth Street St. Paul 1, Minnesota 9 Clinton Street Newark 2, New Jersey McKnight Building Minneapolis 1, Minnesota 207 East Michigan Street Milwaukee 2, Wisconsin 1021 Baltimore Avenue Kansas City 5, Missouri 413 Dixie Terminal Building Cincinnati 2, Ohio Seventh and Vine Streets Cincinnati 2, Ohio 20 North Meridian Street Indianapolis 4, Indiana 208 South 19th Street Omaha 2, Nebraska P. 0. Box 3347 Seattle 14, Washington Stephens Building, 114 East Capitol Little Rock, Arkansas 305 Ohio Building Toledo 4, Ohio 615 First National Building Birmingham 3, Alabama 3624 Farnum Street Omaha 3, Nebraska 403 Dixie Terminal Building Cincinnati 2, Ohio 315 Exchange Building Little Rock, Arkansas �- -_ i � , 'r - i ��.:._ _ .., ... � 4.. �_.,. • _ C _ -Zf_ �' We are pleated t *ounce that WILLIAM G. CUPPA J. ELLIS DION JAMES E. EDGERTON. JR. GEORGE R FROST JOSEPH G. LA PUMA HERMAN J. LOFGREN HENRY MARIN WILLIAM E. MOHR NELSON B. GROSS Registered representatives formerly with GROSS, ROGERS 6 CO. have become associated with as and that JACK B. ROGERS has been appointed Manager of our Bond Department (Los Angeles Division) specializing in Tax Exempt Municipal and Special Assessment District Bonds Complete facilities for servicing investment accounts FIRST CALIFORNIA COMPANY mcaRraxAreD INVESTMENT SECURITIES MEMBERS: PACIFIC COAST STOCK Ex Cx1N GE MIDWEST STOCK EXCHANGE AMERICAN STOCK EXCHANGE (ASSOCIATE) LOS ANGELES SRN FRANCISCO 649 South Spring Street 300 Montgomery Street TRinity 8331 Yule" bliyl OFFICES SERVING INVESTORS THROUGHOUT CA LI FOR IA AND NEVADA OFFERINGS WAwED WE WILL BUY CALIFORNIA MG..i !PAL IMPROVEMENT BONDS ISSUED U. :.`,C2 THE IMPROVE- MENT BOND ACTS E'r 1915 AND 1935. , RED .. .. I MAC 21'�l CIT Y (,L. :YuRT BEA01 CITY OF NEw rF cr�t��;iK .6..k Exchange 155 iJ6;;i, - .. FCanC1540 4 PRA 4 MnA!9 F O F PEA( iMIS SIDE OF CA DDRES City Treasurer Newport Beach California 0 .• WALTER,WOODY & HEIMERDINGER MUNICIPAL BONDS MARION H. WOOOY JOHN G. HEIM E ROINCER 403 DIXIE TERMINAL. JOHN N. FUERR40HER JOHN M. HEIMEEDINGER CINCINNATI 2 CARL A. MUETHING JOHN E, FROEHLICH June 10, 1957 TELEPHONE MAIN 1.5072 RErr!V JUG 14'51 City Clerk ,XRER City of Newport Beach CITYLi,-'I' . BEACH Newport Beach, California CITY OF NSW�PC Dear Sir: SUBJECT: Newport Beach Reservoir and Water System Bonds to be issued. We are interested in buying the above- described bonds. To the end that we may submit our proposal, can you advise us if your City Council will be in position to see our representative and hear our proposal at their regular meeting or special meeting? As we have clients in the market for blocks of municipal bonds at the present time, we believe we are able to pay more than the usual price for these particular securities. In addition we can also handle the necessary legal details incidental to their issuance through our bond attorneys without charge to you and also furnish the necessary bond blanks without charge. Awaiting to hear from you in the enclosed envelope as to wheth- er or not your official board can see our representative at their next regular meeting or special meeting for the purpose of negotiating sale of these securities, with kind regards, we are Very truly yours, V JGH:mla 0�/W ax ��� EStabliAl ,d 1898 • IBcomow,,d 1953 City Clerk, City of Newport Beach, Newport Beach, Cal. Dear Sir: TELEPHONE FINANCIAL 6-3500 qune 6, 1957 C Nb-NN 1?U0 ��yA otTY o� Re: $10780,000 NEWPORT BEACH, CAL., Reservoir and Water System Bonds It has come to our attention that the above named issue of bonds is to be offered for sale on some future date. We are very interested in submitting a proposal for the purchase of these bonds and would appreciate your forwarding us a copy of the official Notice of Sale, together with the latest financial and factual information available. Thank you very much for your assistance in this matter, and we look forward to your prompt reply. GL Yours very truly, JOHN NUVEEN & CO. By .// Buis . IfAm% _?( WL U/WJ . . . . EXCLUSIVELY 9 CHICAGO NEW YORK BOSTON CINCINNATI ..TBOIT ST. PA UL 135 SOUTH LA SALLE STREET, CHICAGO 3, ILLINOIS TELEPHONE FINANCIAL 6-3500 qune 6, 1957 C Nb-NN 1?U0 ��yA otTY o� Re: $10780,000 NEWPORT BEACH, CAL., Reservoir and Water System Bonds It has come to our attention that the above named issue of bonds is to be offered for sale on some future date. We are very interested in submitting a proposal for the purchase of these bonds and would appreciate your forwarding us a copy of the official Notice of Sale, together with the latest financial and factual information available. Thank you very much for your assistance in this matter, and we look forward to your prompt reply. GL Yours very truly, JOHN NUVEEN & CO. By .// Buis . LOS ANGELES IfAm% _?( WL U/WJ . . . . EXCLUSIVELY SINCE 1898 CHICAGO NEW YORK BOSTON CINCINNATI ..TBOIT ST. PA UL LOS ANGELES 0 Rrs-'r esie Bank AND TRUST COMPANY 405 Alonlgontery Sireet • San Francisco, California Mrs. Margery Schrouder City Clerk Newport Beach, California Gentlemen: March 29, 1957 r: 4pR1 htj liGRr��9�f Would you kindly place our name on.your mailing list for the Notices of Sales of new bond issues. V truly yours, Clarence F. Edner Vice President Bond investment Department CFE:m i CITY OF NEWPORT BEACH 16 CALIFORNIA October 23, 1956 MLI. Round A. Frisht, Assistant Vice President Brink of America uec ;port Beach Branch 3444 Via Lido Newport Beach, California Dear Mr. Wright The Cuuncil aL its uoutiilg '::to;to, 22 recaivod and filed your letter of October 3 a6dressed jointly to the Council and this office, concerning services of the Bank of 1,muirica as fiscal agent for a possible bond tcsue. ?te appreciate the infoiaaation provided and your interest in serving the City in this connection. ?•:e will keep your proposal at hand acu: give furtiwx consideration to it at the appropriate Lira. 3iaec'rcly, iS�L>>.LiT ulluliC'C+ City iiSaaa::: CC: City Clerk Finance Director C.M. Add., BANKAM @RICA • wanit of Aantrira NATIONAL JIUVITH•�-, ASSOCIATION NEWPORT BEACH BRANCH • 1444 VIA LIDO • NEWPORT BEACH. October 8, 1956 The City Manager and the Honorable City Council City of Newport Beach Newport Beach, California Gentlemen: In your consideration of the future bond issue for water storage purposes, we would like to suggest that you consider the employment of Bank of America as fiscal or paying agent for the bonds. Although we are precluded by law from bidding on revenue or special assess- ment bonds, our 9orporate Trust Services are efficiently set up to handle payment of coupons, redemption of bonds or, if directed, to purchase bonds on the market for retirement. Generally speaking, a better market is created for the bonds in the original sale and in the maintenance of the market subsequently, if a market for the bonds is established in New York and Chicago, where there are a large num- ber of potential buyers. Normally, bond houses in New York and Chicago are not interested in bidding on bonds unless there is also a Paying Agent in those cities, since the buyers do not wish to incur shipping costs in con- nection with the collection of payments on bonds and coupons. This arrange- ment provides for immediate payment in the eastern cities and eliminates the delay in shipping. It is obvious that the larger the issue the more important this becomes. Where Bank of America is naffed Paying Agent for bonds and coupons, payment is not only made in Los Angeles and San Francisco, but arrangements are made for payment in New York and Chicago and other cities, if desired. It is necessary for the dity to deal only with us, which eliminates the necessity of maintaining funds outside of the State of California not collateralized as-'public funds, requires the deposit of the funds with us, and eliminates the detail of following the payments made by all of the Eastern banks. If the bond issue is not large enough, it can sometimes be arranged for the bank to pay bonds and coupons in Los Angeles and San Francisco, in junction with the Treasurer. Bank of America also offers another service as fiscal agent. Generally, revenue issues such as off - street parking, roads, sewer revenue or water- works bonds provide that the deposit of fees, rates, etc., and the earnings CJ 1 i Page 2 • 0 The City Manager and the Honorable City Council October N 1956 thereon are to be held by a Fiscal Agent. The agent will allocate such monies among various funds such as "bond interest fund ". bond principal fund ". "'sinking fund "t etc. The Fiscal Agent holds these funds and makes the payments and redemptions or may be directed to purchase bonds on the market for retirement, all as prescribed by the resolution authorizing the bonds. While a nominal fee is charged for this custodianship service, it is a distinct advantage to the city to have such an arrangement. If you would wish, at any time in the future, to have a conference with us to discuss more details of such arrangemental.please feel free to call upon me. RAWsvh Sincerely yours, Roland A. Wright Assistant Vice president BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION MEMO FROM Y � BN��o guyEa 1,41 w1§1111 070A 'Z�"4 a m eA•.,. #emu By now this item has reached every active municipal bond dealer and dealer bank, all over the country. It has also alerted our investor readers, who incidentally maintain approximately $10 billion in municipal bonds, that your issue is contemplated. Each year thousands of states, municipalities, and special author- ities regularly locate a market for their bonds through these columns. i Please keep us fully informed, in the space provided below, on the progress and developments concerning your bond issue. It is an important part of our service to you, to mace this data available to our readers. Your official "Notice of Sale ", published in our columns, frill attract more potential bidders, thus assuring the bet interest rate for your bonds. SURELY, THIS IS YOUR OBJECTIVE. P.S. This item will also appear THE BOND BUYER in our Weecly issue. / Will am S. Shan.s Vice- President THE DAILY BOND BUYER - 67 PEARL STREET, NEW YORK 4, PI• Y. SUPPLETo ENTAL 1170MIATION Iduninipality ........................... By.. ..............................i Foaled in 1891 by WM. F. G. SHANKS THE CAILY BdND III& AUIHORFIY OH MUNICIPAL ° . san a. e. PAT. Oaf. VOL. 166 No. 20115 NEW YORK, THU Y, JUNE 6, 1957 BEAR, STEARNS & COO Members New York Stock Exchange =s BUYER BONDS PRICE $30 PER STATE, MUNICIPAL AND VVENUE BOND NEW YORK CHICAGO, Alabama Municipal Bonds Stubbs, Smith & Lombardo, Inc. so rift National 81dt. HmIIINGHADL ALABAMA A. T. • T. Teletype 3B dal We Maintain Markets In City of Philadelphia and Pennsylvania Turnpike Revenue Bonds STROUD & COMPANY Incorporated 123 South Broad Street _. _ - ►NILAYEV1ilA_ Interest exempt from all present Federal Income Taxes CITY OF COLUMBUS OHIO 31/2 % Bonds (Limited Tex) Due July 1, 1960 to 1983 Prices to yield 2.70% to 3.40% (Accrued interest to be added) These bands we affined when, as and if ienud and received by ue and subject to app�ai of lag dby. BLAIR &- CO. INC O RP.ORAT ED Town of Warren, Rhode Island 4.20% Bonds Due June 1, 1067 to 1984 Priced to yield 3.80% to 4.15% Harriman Ripley & Co. Incorporated 63 Wall Street, New York 5, N. Y. BOSTON PHILADELPHIA CHICAGO CLEVELAND DETROIT READING $100,000 New York State 21 /2% Binds - -Due ldart V4, 1979 Price to yield 3.00% LAIDLAW & CO. Pounded !a9 Member Now York Block Exchange 26 8 oeph � &NOZK State gild Municipal Bonds ILLI43IS COMMNY IneaMooted i 211& I:A SAUa St CMcAOo 4 $1002000 $ CITY OF NEW ORLEANS, L 31/4% Aviation Bonds { Due October 15; 1981 (CaaaMe) Price to yield 3.40% SALOMON BROS. & HUTER Mdmbert Nern York StocA )lxcbaege SIXTY WALL STREET, NEW YORK b, N. T. COMING NEW ISSUES (I 00M and Over) 725M Eau Teoy {Village), Eau Troy. Troy, ar, (Towns), Wa., Je. Sch. Diu. JtI 600M' Ch ropes, Man. 550M AM .0m. 385M Hidwav, KY• WBfer Diu., Ore. 324M Mojave Un fied Sch. 2,1P1d RuINUe, Ind. Disc:. Cal. i9Af Wildtoud, N. J. 275M Myrtle .Creek, Ore. Pagii 2441 -2468 4 ; -- 2442 Exempt from Present Federal Lapp, Tax. Board of Education Township of Bridgtrwater, N. J. 331,01k; School District Bonds Due November 1, 1966 -82 Prices to yield 3.409$- 3.85% B.J.VanIngen &Coi%G MUNICIPAL BONDSvr 37 Willits Sang, New York� CHICAGO MIAIU STATE and MUNICIPAL BONDS ACCRUED INTEREST . S E rE-C T O R - For findinpaccrued interest on any nunber of bonds up to 100 Witlout multiplica- tion. Price$4.75. FINANCIAL PUBLISHING COAPANY se BHOolaiNg"B BOSTON 18, MABs. 1 • DAILY BOND BUYER Huge Outlay Foreseen George Shaw, Miami By State and Local Director of Finance, Units in Future New MFOA President Our Service in Municipals... June 6, 1957 Exempt from All Preamt Federal Income Taxes Palm Beach County FLORIDA Special Tax School Dist. No. 1 3.40 % and 31 /2%a Bonds Due August 1, 1970-72 Prices to yield 3.700/o- 3.75% • .MUNICIPAL BOND. DEPARTMENT Francis L du Pont & Co. Members New York Stock Exchange One Wall Street, New York 5, N. Y. State of Alabama and other Southern Municipal Bonds THORNTON, MOHR a FARisH Montgomery, Alabama Mab11e. ALbasa L. D. 58 TWxMGM HE 8-064 STATE, MUNICIPAL and REVENUE BONDS M2D0mmL:Il & Co. ESTeeL169.0 X905 Members New York ,leek Exebanxe 120 Broadway, New York 5, N. Y. Telephone: HEster X7800 CHICAGO DETBOIT Widespread contacts with institutional and individual investors, and dealers enable us to serve as financial advisors, underwriters and distributors of all types of municipal bonds. WHITE, WELD & CO. 20 BROAD STREET NEW YORK 5, N. Y. BOSTON CHICAGO PHILADELPHIA LOS ANGELES SAN FRANCISCO NEW HAVEN HAGERSTOWN MINNEAPOLIS WINCHESTER BY GEORGE WANDERS State and local . governments con. .'; St. Paul, Minn., June 5.— George stitute one of the biggest industries N Shaw, Director of Finance of in the United. States, by most yard- Miami, Fla., was elected today as sticks, and their spending, according president of the Municipal Finance to the Federal Reserve Bank of New Officers Association for the annual. York monthly "Review of Credit and. period now ensuing. Shaw en- Business Conditions; t has come to Business ity enormous popularity in this in- play an .important rol 1n the national ternational group of United States economy. and Canadian officials. He is well The bank notes th rapid growth of State and local government reve- nues and the near - record municipal ,security flotations of recent quarters .which, it says, point to continued ad. vances in outlays in coming months. Looking to the years ahead, the x ° bank views with virtual certainty that ' `"" R° further population growth and shifts. will continue to push'State and local spending steadily up Jrd. "Merely to maintain the. curren rate of per § capita outlays, State "and local gov- ernments will have to expand their purchases of goods and services by about half a billion dollars each year -. —even if prices and wages do not advance." It adds, however, that present trends in the composition of GEORGE N. SHAW the population indicate that actual outlays will have to increase much versed in all aspects of the complex faster. business of running the fiscal affairs In reviewing developments in the of large communities. municipal market during the month As vice - president the group se- of May, the bank points out that lected James H. Lowther, Commis - average yields on outstanding munic- sioner of Finance and Treasurer of ipals, after rising moderately early the City of Ottawa, Can. This in the month, held relatively steady means that Mr. Lowther probably will thereafter, until the closing days be the leading candidate for the presi- when municipal rates shared in the dential office in the following year of general upward adjustment. "Over the Association. New directors voted the month," the bank added; "average into office are: Ormond R. Bean, Com- yields of high -grade seasoned issues missioner of Finance . of the City of (Continued on page 2468) (Continued on page. 2468) Our Service in Municipals... June 6, 1957 Exempt from All Preamt Federal Income Taxes Palm Beach County FLORIDA Special Tax School Dist. No. 1 3.40 % and 31 /2%a Bonds Due August 1, 1970-72 Prices to yield 3.700/o- 3.75% • .MUNICIPAL BOND. DEPARTMENT Francis L du Pont & Co. Members New York Stock Exchange One Wall Street, New York 5, N. Y. State of Alabama and other Southern Municipal Bonds THORNTON, MOHR a FARisH Montgomery, Alabama Mab11e. ALbasa L. D. 58 TWxMGM HE 8-064 STATE, MUNICIPAL and REVENUE BONDS M2D0mmL:Il & Co. ESTeeL169.0 X905 Members New York ,leek Exebanxe 120 Broadway, New York 5, N. Y. Telephone: HEster X7800 CHICAGO DETBOIT Widespread contacts with institutional and individual investors, and dealers enable us to serve as financial advisors, underwriters and distributors of all types of municipal bonds. WHITE, WELD & CO. 20 BROAD STREET NEW YORK 5, N. Y. BOSTON CHICAGO PHILADELPHIA LOS ANGELES SAN FRANCISCO NEW HAVEN HAGERSTOWN MINNEAPOLIS WINCHESTER June s, 1957 THE DAILY BOND BUYER OUR 40th YEAR 2443 4 Since 1917 B. J. Van Ingen & Co. Inc. has specialized in State, Municipal and Public Revenue Bonds. In addition to doing a general municipal business, we have always found a challenge.in finding ways to finance new and worthwhile projects. During these years, we have been fortunate in being able to make with the assistance of our valued associates in business, many contributions to the cause of progress. We look forward with faith and confidence to the future of the municipal business — a business that has been conducted in the tradition of creating sound financing with vigorous spirit and farsighted.. thought. NEW YORK . CHICAGO' . -.•... MIAMI . 3 1: • I I 0 2444 THE DAILY BOND BUYER June 6,1957 J. Russell Harrington, City Treasurer and Col- lector of Taxes, ]dwell, Mass.• Frederick J. Reardon, CAy Treasurer, CsQgldge, Mass.; Matthew S. McNeilh, Town Treglpi� and Col- lector, Broolcliice, sa, and Owen F. McCall, Budget - Personnel Director, CambridM. -'Mess. LUNCHEON AT DRIFTWOOD ROOM —Mrs. J. Bas] Tomlinson, both of w York, N. Y.• Mrs. C. Seeman, New Ti nner, Shreveport, ;Mrs. G. Lapham, Washinggtton, D. C.; Ai New York, N. Y, and Mess Ruth r Edward Knuth Director of Finance, Cleveland, Ohio; Alfred Nystrom, City Clerk, Galesburg, Ill, and Mr. & Mrs. Erwin G.'Schubkegel, Budget Director, St. Louis, Mo. John F. Lundie, City urer, both of Mcgees] men's Annuity and B, T. Creagh, City Com; and Albert Elko, City Tress - uno Geschrei. President. Fire- 0 i Underwriters, Distributors, Dealers in STATE • MUNICIPAL HOUSING AUTHORITY R PUBLIC REVENUE BONDS OL / CORPORATE SECURITIES INVESTMENT STOCKS MLts R.W. Pressprich & Co. 0 Members New York Stock Exchange 48 Wall Street, New York 5 i' 123 South Broad Street, Philadelphia 9 75 Federal Street, Boston 10 June 6,. 1957 When to Borrow • • THE DAILY BOND BUYER THE WORKINGS OF MONETARY POLICY (A Special Study for the 51st Annual Conference of The Municipal'. Finance Officers Association) ° By GEORGE WANDERS Editor, THE BOND BUYER Money market conditions necessarily are a matter of vital concern to a municipal finance officer who ponders the timing of his appeal for funds, either short or long term. In general it would seem to be inappropriate for such a finance officer to speculate . on money market trends. Moreover, borrowing mostly is done at or close to the moment when the funds actually are needed for capital improvements or other purposes. It is a financial axiom of long - tested merit that the time to borrow is when you can! The implication is that the cost of the loan is of sec- ondary consideration. But there are, of course, many exceptions, as when an ordinance stipulates that the in- terest rate is not to exceed certain levels. And it always seems one of the duties of a finance officer to have and to exercise good judgment in borrowing. The advice of bankers can always.. be obtained by the cautious official ) charged with the task of borrowing. ) In short -term loans the local banks will be interested as .actual or poten- tial lenders. They may also have in- teresting ideas on long -term loans — bond issues —since commercial banks have bond investments of their own. Investment bankers in any larger center always are obliging in these matters, and municipal financial coun- selors may be consulted in major cities. For most experienced municipal fi- nance officers the money market has a fascination of its own, over and above the immediate question of obtaining advice on specific problems. This is an area in which a widespread edu- cational campaign has brought en- lightenment in varying degrees. But monetary policy also is in good part a matter of "guesstimating" what the future has in store for business. Some Determinants In its simplest terms policy on money (currency and credit) is de- (Continued on Next Page) BANKERS TRUST COMPANY aA► always welcomes the opportunity to - consult with - State and Municipal Finance Oflicers. U. S. Govermoew DEALERS I State and Mrpicipar Securities -- FISCAL Complete facilities AGENTS I for payment of Bonds and Coupon) 16 Wall Street, New York TrGrbonr: REaor 2 -8900 2445 BORP I OWING a 9 o Pacing Man's Progress for 3,706Tears! The tempo and scope of mon's improvements on noture ore governed by both public and privote debt obligotions. Modern schools, highwoys, public utilities and o host of other vitol public projects are mode possible with Public Bond finoncing. John Nuveen & Co., olthough not in business 3,700 yeors ogo during the time of Ko- enlillo, hos been finoncing public projects since 1898 and now is the oldest and lorgest organizotton in the United Stotes deoling exclusively in Public Bonds. Over the yeors, o fully deportmentolized operotion hos developed— Troding, Under- writing, Soles, Reseorch and Treosury. Todoy John Nuveen & Co. services everyone concerned with public debt in o notionwide operotion. Concoct John Nuveen & Co. whenever the purchose or sole of Public Bonds is your business too. 3,700 years old, this Clay Tablet of Babyl evidences one of the earliest debt obligations. This t t and the clay envelope into which it fits are in Oriental Institute at the University of Chicago. The hslation of the instrument: "Ka- enlilla, the son of Nur-ilis borrowed one mina of silver from Bur -Sin on interest (C ie temple) of Shamash. He will repay the capital and interest in the (month of) Napri. Names of witnesses: Before Sissu- namrat, t n of Sin - rimeni. Before Ea- matum, the son of Ea i. Before Ubar- Shamash, the son of Imdi -Sin. Bef hamash- abili, the son of Kukuio. Before Nur -Shama a son of Usur -pi- Ishtar. Date: When the statues were brought to Temple of Ishtar, The time of the text is Old Babyloniabm about 1800 -1900 B.C. 1 Jv %,w "g `q e.mbihhe 1898 . Inc9.p9.919d 1953 Public Bonds Exclusively SCHOOLS — PUBLIC REVENUES— STATES— IU'PALS CHICAGO NEW TOR aoswe . aealooali • Adonra • Dehoit • St. Pael Aegsles z"6 UNDERWRITERS DISTRIBUTORS I al, THE DIAiLY BOND BUYER and state' NIu'�' Bonds public RevenLue B l Bonds oilitY ailroad' Industr1a f,ferr and Common Stoc P ks ,Securities . I Rank and Insurance Stocks Funds Mutual XBODY ICIDDER,pDED 1s35 York and American Stack. Exchange$ Nfenlbers ;V.ew ock Exchanges Me,nbers Boston and Mtd west StBOSTON - NEW YORk SAN FRANCISCO 1- ..,... r-.n PHILADELPHIA Undetriters • Distributors • Dealers UNITSTATES GOVERNMENTS ITE, MUNICIPAL and "' toe oRPORATION ZtZe` 1PORATE BONDS Cbd • FLnaAN EL Pa. phns"' m ,ate Member American Stock Exchange B. Fmnelaeu, Cal Pw YORK HANSEATIC WHEN TO BORROW (Continued from Preceding Page) termined W the apparent state and trend of the national economy. The Federal Reserve Board must so con- duct that policy as to ensure reason- able economic expansion with full employment. Excesses should be cor- rected, if possible, in order to avoid extremes of inflation or deflation. There is no disagreement as to these bright goals, but the moment a bill of particulars is attempted the policy makers encounter trouble. To begin with, no one can know with certainty how the economy will turn tomorrow, . much less six months or a year from now.. All the predic- tions are nothing more than guesses, some of them informed and others mere incantation. Unforeseen events in fields other than the economic may play an overriding part. Another Pearl Harbor might involve us in an- other world war, and a need for fi- nancing it at low costs. Reasonable expectations are the only safe guides for steering the economy to whatever extent it can be steered by money decisions. Among the experts there is sharp disagree- ment as to whether monetary rudders can influence the trend to any great degree. In recent years inflation does not appear to have been arrested much by tight money.. The Great De- pression certainly was not cured by June 6, 1957 the cheapest and most plentiful money in history. - - Against the Wind Be this as it may; the Federal Re- serve Board acts on the simple prin- ciple of "leaning against the wind" in its policy measures. This is a way of saying that it tries to modify un- duly rapid expansion of credit in times of boom, or when there is a "bubble on top of the boom:' And if we suffer anything that looks like a recession or a depression, it tries to stimulate activtly.. The policy decisions are carried out by general credit controls which af- fect the economy as a whole, rather than by particular or selective con- trols which affect certain types of credit, such as that used in the stock market or in instalment buying of cars and appliances. Here, again, there is disagreement among the ex- perts. Some of them maintain that the quantitative . or general controls are too vague in their application and may hurt the prudent more than the speculative borrowers, since the latter care little about the cost of credit so long as they can make a profit on it. These experts view the qualitative or selective controls as more effectivein- struments, because they can pinpoint the excesses. The Federal Reserve Board still has a selective control over stock market credit, but others were dropped soon after the second world war ended. The Board, . itself, is committed to "' toe oRPORATION ZtZe` ESTABLISHED 1920 - CWeago Cleveland ,ate Member American Stock Exchange nallae Houston Los Angeles • lleidlPhia 120 BRO�Y • NEW YORK S, N. Y : PerrhtLnde, me: Pmvlaenee San Antonio S.. Franelsev WHEN TO BORROW (Continued from Preceding Page) termined W the apparent state and trend of the national economy. The Federal Reserve Board must so con- duct that policy as to ensure reason- able economic expansion with full employment. Excesses should be cor- rected, if possible, in order to avoid extremes of inflation or deflation. There is no disagreement as to these bright goals, but the moment a bill of particulars is attempted the policy makers encounter trouble. To begin with, no one can know with certainty how the economy will turn tomorrow, . much less six months or a year from now.. All the predic- tions are nothing more than guesses, some of them informed and others mere incantation. Unforeseen events in fields other than the economic may play an overriding part. Another Pearl Harbor might involve us in an- other world war, and a need for fi- nancing it at low costs. Reasonable expectations are the only safe guides for steering the economy to whatever extent it can be steered by money decisions. Among the experts there is sharp disagree- ment as to whether monetary rudders can influence the trend to any great degree. In recent years inflation does not appear to have been arrested much by tight money.. The Great De- pression certainly was not cured by June 6, 1957 the cheapest and most plentiful money in history. - - Against the Wind Be this as it may; the Federal Re- serve Board acts on the simple prin- ciple of "leaning against the wind" in its policy measures. This is a way of saying that it tries to modify un- duly rapid expansion of credit in times of boom, or when there is a "bubble on top of the boom:' And if we suffer anything that looks like a recession or a depression, it tries to stimulate activtly.. The policy decisions are carried out by general credit controls which af- fect the economy as a whole, rather than by particular or selective con- trols which affect certain types of credit, such as that used in the stock market or in instalment buying of cars and appliances. Here, again, there is disagreement among the ex- perts. Some of them maintain that the quantitative . or general controls are too vague in their application and may hurt the prudent more than the speculative borrowers, since the latter care little about the cost of credit so long as they can make a profit on it. These experts view the qualitative or selective controls as more effectivein- struments, because they can pinpoint the excesses. The Federal Reserve Board still has a selective control over stock market credit, but others were dropped soon after the second world war ended. The Board, . itself, is committed to June 6, 1957 THE' DAILY`�BOND-B.UYER ?A47 general controls, although some of its principal monetary theorists would like to have and to use both types of control. The aim is to regulate the supply, availability and cost.of money or credit. Three main approaches are utilized: discount rate, reserve requirements and open market opera- tions. Discount Rate Discount rate changes constitute at present the least important of these weapons in the monetary arse- nal of the Federal Reserve. But they can be highly important psychologi- cally, without being of much mone- tary significance. This rate is simply the charge made by the regional cen- tral banks to the member banks when the members ask for accommodation. It is the price of credit in the tradi- tional sense of the relationship be- tween a central bank and the com- mercial banks. Access to the Fed- eral Reserve regional bank discount window is a privilege and not a right, and in part for this reason the mem- bers are disinclined to borrow from the central banks. Many member banks refuse out- right to borrow from the "Fed," and those that do such borrowing keep it at a minimum. The discount rate is not very effective, therefore, as a monetary weapon, at least when the intent is to combat inflation. Recog- nizing this fact, the central banks in recent years have adjusted their dis- count rates upward or downward as the commercial banks have adjusted their charges to business borrowers. UNDERWRITE DISTRIB California General Obli Municipal Bonds Financial Advisors to Municipalities In effect, the central banks; have fql- lowed rather than led the money'mar- ket, so far as discount rate:'ttees; and have influenced the cost of'wA44y in other ways. I;,m , , Reserve Requirements The second of the principal policy' instruments, reserve requirements, . is of the brutal or meataxe variety. After some woeful experimentation in the course of the Great Depres- sion, the Federal Reserve Board ap- pears to have realized the severity of reserve requirements changes. The commercial banks which are mem- hers of the Federal Reserve System must keep a percentage of their de- posits on redeposit with the regional central banks, and this percentage requirement can be changed within limits established by Congress. To a commercial bank an idle asset is abhorrent, much in the sense that nature abhors a vacuum. In recent years our commercial banks have been able to employ all their assets, either in loans or investments, and they could have employed a good deal more than was available to them. Even a small change in the amount of funds they must keep with the Federal Reserve central banks thus is of magnified significance to them. In broad terms, a release of one dollar of reserve by the central bank to a commercial bank enables the latter to make about 0 of loans, and if funds are called in by the central bank from the members a .contrary effect takes place. (Continued on Next Page) MUNICIPAL BOND DEPARTMENT Hank of Anterirtt NATIONAL 9n STA"S ASSOCIATION 300 MONTGOMERY STREET • SAN FRANCISCO, CALIFORNIA ■ cu wt we WAINWRIGHT & RAMS CmuuuGaft on munwipw Finance 70 Pin Street • New York S, K Y. i� 0 For States, Municipalities and Authorities... A Sound Financial Program at Best PossiblTerms Drexel & Co. has long been slender in planning fiagp ial'pi'o- grams for states, local units and authorities. Se rla#ces offered by Drexel & Co. include advice on revenue or direct obligation financing, market advice and liaison with bond counsel and engineers. s Savings in both time and money mey be effected through our knowledge of the many facets of the tax- exemptboad mar- :V ket. We are prepared to assist our clients in designing the best possible financial programs for their communities. L & CO. 3A Street NEPkORK 5 ■ cu wt we WAINWRIGHT & RAMS CmuuuGaft on munwipw Finance 70 Pin Street • New York S, K Y. i� 0 M$ THE bAILY BOND BUYER t Specializing in ' STATE_ .AND MUNICIPAL BONDS Since 1913 Barr Brothers & Co. 40 Wal�$treet New York 5, N. Y. Municipal ubbs, Smith & Lombardo, Inc. Pint National Building BUtMMG HAM, ALABAMA June 6, 1957 WHEN TO BORROW metropolitan newspapers and not at I all in small city or country papers. (Continued from Preceding Page) Reserve requirements and discount Reserve requirements are seldom, rate changes are apt to be front-page changed because of their powerful ef- matters everywhere. facts, but they are currently high by Interpreting Policy any standards and a persuasive argu- ment can be made for lower per- By following the actions of the centages. The Federal Reserve Board, policy makers in these main spheres, by its actions, has indicated that it a financial officer of a State or munic- is well aware of this. When the ipahty can get a. good idea of whether Board abruptly changed its policy the intent is to make money tight or toward ease in 1953, it did so by a Syr or merely to hold the line in a small decline in reserve requirements, passive way. So far as policy goes, and any change from the present pol -.the cost of money is affected sharply icy of credit restraint might again be by reserve requirement changes and made in this manner. subtly by open market operations. Discount rate changes usually follow Open Market Dealings rather than lead the market. The third instrument, open market It should be added that there are operations, concerns the acquisition offsets to all policy pressures, which or liquidation by the central banks act like leaks in a plumbing system. of United States. Government obliga- If money is tight, the commercial tions and bankers acceptances. The (member) banks can and do sell their acceptances are of minor importance, . own holdings of Treasury obligations but the holdings of Treasury bonds, and obtain funds in this fashion for notes, . certificates and bills range the lending to business and personal around the $23 to $25 billion level, clients which the money managers and they constitute the major element are trying to restrict. upon which our monetary system is Higher money costs tend to lower based. Legally, our gold holdings the market value of bonds and other still are the basis of paper currency, fixed- interest obligations, and as the but the circulation of monetary gold cost of money rises the commercial has been prohibited domestically since banks are less and less inclined to 1933, whch makes the gold backing of take the losses indicated on their in- our currency a legal fiction. vestment holdings. But this does not Stop the leak entirely. The. banks We are no longer on the gold stand- can simply let their holdings mature ard, but have a managed currency and ask the Treasury to pay back the and credit system, and the most deli- cash thus invested, and the cash can cate of the main instruments of man- then be used to expand loans. Such agement is the open market opera- "attrition" on Treasury debt can be tion. When the Federal Reserve re- embarrassing to the Treasury. gional banks buy Treasury obliga- Another offset is to be found in tions .(Governments) in the open "velocity," which is the rate at which market, they make high - powered cen- demand deposits in commercial banks tral banking dollars available to the economy, while liquidation of hold- tend to turn over, or move from one ings in the open market has the op- account to another. In the last few posite and restrictive effect, years of a restrictive credit policy, the velocity has increased steadily, Open market operations are now which is another way of saying that the main temperature guage which an equal or similar amount of money shows how the monetary managers and credit is doing more work. But read the business thermometer.. By these are incidentals. The main trend this means they can make . minuscule of policy is the best guide for a fi- changes, upward or downward, in the nance officer who is trying to peer monetary pressure exerted on the into the future and determine whether national economy. They are an eso- it is best to borrow immediately or teric phase of policy, usually reported try to find a more favorable op- only on the inside financial pages of portunity. WALTER, WOODY & HEIMERDINGER Municipal Bonds 403 DIXIE TERMINAL BLDG. CINCINNATI -2 TELEPHONE TELETYPE MAIN 5072 CI 988 June 6, 1957 THE DAILY BOND BUYER 2449 1956 Louisville Award Presentation GOLD MEDAL SILVER MEDAL Rollin F. Agard, Director oi' Finance, Kansaa City, Mo. (right), receives the Gold Medal Awe d from Lynn F. Anderson, Assistant Director, Insti- tute of Public Affairs, University of Texas, and member of the Louisville Award Committee of Judges. Stifel, Nicolaus & Co., Inc. Since 1890 67 Years of Investment Banking Underwriters & Distributors Municipal Obligations Toll Road Facilities Bridge Revenue Bonds Water & Sewer Revenue Bonds Public UtIgties Industrial & Corporate Securities CffiCAGO 3 ST. LOUIS 2 105 W. ADAMS STREET 314 No. BROADWAY Underwriters Distributors California General Obligation and Revenue Bonds Water Districts 3% Sewer Districts School Districts to Parking Districts Sanitation Districts 41/4% Public Utility Districts Community Services Districts Taylor and Company 364 North Camden Drive Beverly Hills, California Walter C. Peterson, City Clerk, Los Angeles, Cal (i1gLt), receives the Silver Medal Award from Mr. Anderson:' ORIGINATORS — UNDERWRITERS — DISTRkWTORS z OF NEW JERSEY MUNICIPAL AND AUTHORITY REVENUE OBLIGATIONS Boland, Saffan Co. Established 1920 .35 WALL ST. TELEPHONE NEW YORK 5, N. Y. WHITEHALL 3-3414 Bdl Syrlem Telelype —NY 1 -535 MCDOUGAL AND CoNvoN INCORPORATED Municipal Bondr 208 South La Salle Street ' CHICAGO 4, ILLINOIS Randolph 65151 2450 i THE DAILY BOND BUYER June 6. 1957 Z1Angel Rivera, Iayor, Caguas. P. R.; Juan ndin, Dimtor of Public Works. San Juan. P. R.. andLuis Munoz- Rivera. Munic- ipal Director of be Budget, San Juan. P. R. ;t Philip P. Laing. Associate Manager. Aetna Casualty & Surety Company. Hartford. Conn.: Carmen T. Foritano. Town Accountant. Arlington. Mass.: Wil- liam J. ReynoWs. City Treasurer and Collector. Somerville. Mas *.. and Matthew P. Kuta. City Comp - tiloller. Meriden, Conn. Gustav E. Olson. Commissioner of Finance. White Plains. N. Y.• Clarence H. flicks. City Treasurer, and Edward 'Krueger. Council President. both of Lincoln Park. Mich.. and William J. Griffin. Acting City Comptroller, Newark. N. J. Cecil L. Marler, City Controller, Pomona. Col.: Robert J. Stahl. Manager - Secretary, City Em. Irwin E. Snyder. President: Malcolm Bowden, Carl J. Ellis. Director of Finance; Lakewood. ployees Retirement System: L. Y. McCardle. City Member: D. Eddie Walsh. Chief Accountant. and Cal.: Shelby Langford. Director of Finance. Palm Treasurer: Robert Egenes. President. all City John F. Sasek. Secretary. all of Board of Ad- Springs. CaL. and Donald N. Cooley, Director of Employees Association. and George M. Zakaryan. ministration. Public Employees Retirement Sys - Finance. Ontario.. Cal. Retirement Commission. all of Los. Angeles. Cal. tem. State of Montana. Helena. Mont. UNDERWRITERS • DISTRIBUTORS • DEALERS Specializing in Louisiana and Mississippi Municipal Bonds WHITES HATTIER 8 SANFVA New Orleans Kelly L. Gonnells. City Comptroller and Treasurer. Macon. Ga.: Mrs. Bernice Woodson. Chief Accountant. Tyler. Tex.. and Mr. & Mrs. C. E. Armstrong. City Comptroller. Birmingham. Ala. / WIINpIUINIlAl1111111111011/ ININ, 6�IItlIIItlpIBII1INIIIIINaNINNNItl@ IIgIINIWNpaf9uANA1lBp19iDINNIAIaIIaIIIIIIl0101aaN IXININNIMIHINIIININNIIINNIIINNRgaINIRWNIIINIWWpIIIIIINIIIIIItlI PARSONS, BRINCKERHOFF, HALL & MACDONALD ENGINEERS lr J. ease . Sl BROADWAY, NEW YORK 6, N. Y. Boston a Houston Pittsburgh w San Francisco. Malcolm Pirnie Engineers Malcolm Pirnie Ernest W. Whitlock Robert D. Mitchell Carl A. Arenander Malcolm Pirrde. Jr. MUNICIPAL & INDUSTRIAL Water Supply - Water Treatment Sewage and Waste Treatment Drainage - Sewerage - Refuse Disposal 25 West 43rd St.. New York 36. N. Y. JONES, HENRY & WILLIAMS CopmBing Sonilcry Engineers We ter Works Sewerage antl Treatment Waste Disposal SECURITY BLDG. TOLEDO s. OHIO JOHNSON &ANDERSON, Inc. Engineers Sewerage & Bowe'" Treatment —Water Supply & Dlstrihunon— Btltlges —Elgh- _eye — Municipal Engineering — Flootl Control & Dreimge. Home Office: Pon - tiec. Mich. Branch Office: Centerline. Mich. ALLEN & HOSHALL Consulting Engineers Mechanlcal— Clvil- Electrical Municipal Improvements 45 McCall Ave. MEM MIS. TENNESSEE HAZEN AND SAWYER Engineers water and Sewage Works Industrial Waste Disposal Drefvage and Flood Control Re orts. Design. Sopervislon of Con- struction antl Operation, Appraisals and Rates. 131 EAST LINO ST. 3333 BOOK TOWER NEW YORK 17. N. Y. DETROIT 16. MICH. HONUARD, NEEDLES, TAMMEN & BERGENDOFF CONSULTING ENGINEERS Bridges, Structures, Foundations Express Highways Design, Supervision and Administrative Serldes 1805 GRAND AVENUE 99 CHURCH IWT KANSAS CITY 8, MISSOURI NEW YORK 7, YORK RADER AND ASSOCIATES ENGINEERS - ARCHITECTS Economic and Engineering Feasibility Rrpom. Designs. Specifications Supervision. Airports. Porn. Harbors. Water Wa$s, Sewage Disposal. Ttaiic and Parking Studies. Hospitals. Commercial Buddings. Industrial Plants. Bridges, Highways. Turnpikes. Tunnels. Storm Sewers. Flood Control. III N. E. 2ad Avenue 1025 Connecticut Ave Miami 32,. Florida Washington 6, D. Harza Engineering Company Consulting Engineers Calvin V. Davis Richard D. Harza E. Montford Fucik HYDRORLECTRIC PLANT'S AN DaDaYsS6 � �AMMM — SUPERVISION — F 2fAMa1 REVEL PMEg —FLOOD CONTROL — ISaIOA BivES Ba�W DEVELOPMENT 400 West Madison Street I Chicago 6, Illinois t BUCK, SEIFERT AND JOST Consulting Engineers Engineering - Economic Studies and Reports Related to the Financing of Water and Sewage Works Projects Valuations —Rate Studies 112 East 19th Street June 6, 1957 THE DAILY BOND BUYER 2451 Ohio Turnpike Reports I "The new schedule of tolls apply -' IBA California Group a, N. Y. Record Revenues Over ing to passenger automobiles , and i TO Hold Conference at C. H. HOPER & COMPANY Memorial Day Weekend small trucks accounted for in ethe Santa Barbara, June 22 -25 mated in revenue during sire Florida .$19,000 . Sewerage, Sewage, Disposal, Water Supply, Water Berea, Ohio, June 5,—Traffic which Mast four days of May over and a San Francisco. —The Sixth Annual .. Rates a Financial and Economic An61- o Planning o Feasibility Reports Lighting, Power Plants, Valuations, crowded the Ohio Turnpike during the: that which would have been collect% ference of the California. Group, five -day Memorial Day holiday ending during that period under the old toll �I iKestment Bankers Association, ' Municipal yses Electric Design vawation6 a organs- , will Engineers with Sunday, June 2, produced total schedule," Shocknessy said. It is be held at the Santa Barbara Bilt- , 1500 Meadow Lake Parkway Kansas Ci toll revenue of $292,000, or 56 per cent now evident that the modest increase; mere. June 22 to June 25, according D Bonds in excess of the $187,000 in toll rev. in toll rates. has not resulted in any -. to Chairman Dennis H. McCarthy, enue collected in the same holiday reduction in use of the Turnpike. The vice - president of The First Boston -_ - week -end in 1956, the chairman of the reactions . to the new rates expressed Corp., San Francisco. Ohio Turnpike. Commission, James W. by those using the turnpike demon- A special Municipal forum is sched- - -- Shocknessy,said today. strated convincingly that the change uled for Sunday afternoon, June 23. I The record Memorial Day week -end in toll rates has achieved acceptance Y i by the traveling public." Leell Wheeler a Aileman yr toll revenue reflected not only a much; "Tolls from .trucks during .May, greater volume of traffic than in 1956,; Revenue from operation of the 1957, totaled an estimated $445,000, tntptporeW but reflected also the effect of the Turnpike during the month of May which makes that month the best Flor;da Nationd Bank Building increase in passenger car rates which will be about $1,460,000, which com- with "'respect to truck toll revenue ORLANDO, FLORIDA became effective on Tuesday, May 28, 1, pares with revenue of $1,121,422 for. since the Turnpike has been in oiler- Bell Teietyp. OR b -4ant OElando 7-5161 I Shocknessy said. (May, 1966. �,, ation," Shocknessy said. PROFESSIONAL DIRECTRY PARSONS, BRINCKERHOFF, HALL & MACDONALD ENGINEERS lr J. ease . Sl BROADWAY, NEW YORK 6, N. Y. Boston a Houston Pittsburgh w San Francisco. Malcolm Pirnie Engineers Malcolm Pirnie Ernest W. Whitlock Robert D. Mitchell Carl A. Arenander Malcolm Pirrde. Jr. MUNICIPAL & INDUSTRIAL Water Supply - Water Treatment Sewage and Waste Treatment Drainage - Sewerage - Refuse Disposal 25 West 43rd St.. New York 36. N. Y. JONES, HENRY & WILLIAMS CopmBing Sonilcry Engineers We ter Works Sewerage antl Treatment Waste Disposal SECURITY BLDG. TOLEDO s. OHIO JOHNSON &ANDERSON, Inc. Engineers Sewerage & Bowe'" Treatment —Water Supply & Dlstrihunon— Btltlges —Elgh- _eye — Municipal Engineering — Flootl Control & Dreimge. Home Office: Pon - tiec. Mich. Branch Office: Centerline. Mich. ALLEN & HOSHALL Consulting Engineers Mechanlcal— Clvil- Electrical Municipal Improvements 45 McCall Ave. MEM MIS. TENNESSEE HAZEN AND SAWYER Engineers water and Sewage Works Industrial Waste Disposal Drefvage and Flood Control Re orts. Design. Sopervislon of Con- struction antl Operation, Appraisals and Rates. 131 EAST LINO ST. 3333 BOOK TOWER NEW YORK 17. N. Y. DETROIT 16. MICH. HONUARD, NEEDLES, TAMMEN & BERGENDOFF CONSULTING ENGINEERS Bridges, Structures, Foundations Express Highways Design, Supervision and Administrative Serldes 1805 GRAND AVENUE 99 CHURCH IWT KANSAS CITY 8, MISSOURI NEW YORK 7, YORK RADER AND ASSOCIATES ENGINEERS - ARCHITECTS Economic and Engineering Feasibility Rrpom. Designs. Specifications Supervision. Airports. Porn. Harbors. Water Wa$s, Sewage Disposal. Ttaiic and Parking Studies. Hospitals. Commercial Buddings. Industrial Plants. Bridges, Highways. Turnpikes. Tunnels. Storm Sewers. Flood Control. III N. E. 2ad Avenue 1025 Connecticut Ave Miami 32,. Florida Washington 6, D. Harza Engineering Company Consulting Engineers Calvin V. Davis Richard D. Harza E. Montford Fucik HYDRORLECTRIC PLANT'S AN DaDaYsS6 � �AMMM — SUPERVISION — F 2fAMa1 REVEL PMEg —FLOOD CONTROL — ISaIOA BivES Ba�W DEVELOPMENT 400 West Madison Street I Chicago 6, Illinois t BUCK, SEIFERT AND JOST Consulting Engineers Engineering - Economic Studies and Reports Related to the Financing of Water and Sewage Works Projects Valuations —Rate Studies 112 East 19th Street New a, N. Y. C. H. HOPER & COMPANY I& BLACK V E A T C Utilh;0, Engineers Electric —Oas— Water - -sewer . Sewerage, Sewage, Disposal, Water Supply, Water Electric Rates a Financial and Economic An61- o Planning o Feasibility Reports Lighting, Power Plants, Valuations, Special In,catig ;bons, Reports. yses Electric Design vawation6 a organs- Consulting Engineers a4tlon and Management Btutllas , 1500 Meadow Lake Parkway Kansas Ci l�� Missouri DENVER NAT-L BLDG. w DENVER 1. COLO. HIGHWAYS MUNICIPAL ENGINEERING 1 FAY, SPOFFORD & THORNDIKE, WIGHT AND COMPA THE CLARKESON I INC. ENGINEERING COMPANY ! Engineer+ Consulting Engineers INCORPORATED Airports — Relaxes — Rapress Blghware 285 Columbus Ave.. Boston 16, Mess. I Pori Developments — Water Supply Express Highways Municipal Improvements — S d UJmmon.ealth 6.7720 Drainage — Sewerage Waste Disposal — Water Systems — Airports — gs Suite 200, 2000 P ST NW.. Industrial Buildings Washington. D. EXPRESSW YS— AIRPORTS BOSTON, MASSACHUSETTS Barrington, Illinois — Downers , I111nO1S �i i 2452 THE DAILY BOND BUYER June 6, 1957 Mrs. StanlevCyrol and Hi Ramsey, W. Wright & IE k1r. Ly rence and ] inane, Dayton, Ohio; mident, Moody's In' Y.; Carl H. Chatters, and Joseph F. Clark, Finance Officers As- ates and Canada. R. M James, I. B. M. New York; Francis J. Ke Executive Director, Taxpayers Re- searc Council, New Haven, Conn., and Robert H. Franklin, Research Association Commission on Government. Efficiency, Baltimore, Md. Peterson, both of MFOA; Mrs. J. Basil Paul D. Spe Inc„ New York, and Mrs. Mary Auditor and ,n, MFOA. - apectoq and Camden, N. J.; Joseph G as, Tex.; Law- bank, Cal. In Park, Mich., Inglewood Eugene, Ore. of Financ City Philip E: Stainton, Treasurer, Tp. of . Little Falls, Little Falls, N. J.; Howard L. Bristow, Clerk, Board of Finance, Paterson, N. J.; C. Raymond Wood, Director of Finance, Beverly Hills, Cal., and Law- rence W. Larson, City Controller, Arcadia, Cal. Finance Officer, Bur. Miss rence, City Controller, Mart d C. Wilson, Director and I., and O. A. Dietrich, , Pasadena,. Cal. C. White, City Municipal. In- ksonville, Fla.; la.; John W. ind Walter H. Clerk, El Monte, Cal.; Miss eputy Director of Accounts Edith M. Cleaveland, City of New Castle, Pa. i June s, 1957 THE DAILY BOND BUYER Official Municipal Bond Notices i Official Municipal Bond Notices I 9� eft"uth C #y:. School ' llistriet OHIO School Buildinb .Bonds 1957 Series 'SEALED PROPOSALS will be received at the office of. the Clerk of the Board of Education of the Portsmouth City School District, Scioto County; Ohio, at the Portsmouth High School Building, Portsmouth', Ohio, until 12 o'clock noon on - Official Municipal Bond Notices Official M tp 2,453 '9'dn4 Notioes JOINT SCI1OOL ...DISC Hq N] I a a, VILLAGE OF EAST , TOY,I'OWNS OF EAST TROY, TROY, LAFAYETTE AND SPRING - PRAIM WISCONSIN JUNE 19, 1957, School Bonds. ' for the purchase of School Building Bonds, 1957 Series, of said Board of Edu- NOTICE IS HEREBY GIVEN that Jomk'.School DistricE`No1 'of cation in the principal amount of $600,000, dated June 1, 1957, of the de- nomination of $1,000 each, numbered from 1 to 6000 inclusive, the Village of East Troy, Towns of East Rio `'fi LaFa ye 1°y. yette and Spring and bearing at the rate of three (3 %) per cent per annum, payable December 1, Prairie, Prase, Walworth County, Wisconsin, will receive sealed tills_ only `for the 1957, and semi - annually thereafter. Any one desiring to do so may present purchase of its $725,000 School Bonds until - a bid or bids for said bonds based upon their bearing a different rate of interest from that hereinabove specified, provided that where a fractional JUNE 2 4, 1957,+ - - interest rate is bid, such fraction shall be .one- quarter of one per cent or a multiple. thereof. at 8:00 o'clock P. M., CDST, at which time all bids will bepablicly opened at Said bonds mature June 1 and $15,000 on December 1 in each g� East Troy Elementary School, at East Tro y, Wisconsin. ud bonds will be of the years from 1968 to 1977, inclusive. to 190 , i dated June 1, 1957, denomination $1,000, and will mature serially in numerical Both principal and interest are payable at The Security Central National order $35,000 on June 1 of each of the years 1%8 to 1972, inclusive, and Bank of Portsmouth,. Ohio. $40,000 on June 1 of each of the years 1973 to 1877, inclusive. These bonds are issued as the third installment of $3,600,000 of bonds for Said bonds will be payable at a bank to be agreed dpuia by this District the purpose of constructing, reconstructing, remodeling, improving, furnish- ing and equipping school buildings and acquiring Board and the purchasers of the bonds, or at State B"of East Troy, real estate, under authority of the general laws of the State of Ohio and the Uniform Bond Law East Troy, Wisconsin, at the option of the holder and will mi he registrable, of the Revised Code, by virtue of a 55% majority vote of the electors of said school The maximum rate of interest to be borne by the bonds is district at the general election on November 3, 1953, and pursuant to a reso- lution the statutory rate of six . per centum per annum, payable June 1, 19 "d semiannually of said Board of Education adopted on May 13, 1957. thereafter. All interest rates bid must be in multiples of de-quarter of one These bonds are payable from unlimited taxes. per cent, and no bid shall specify more than three rates pterest with not These bonds will be sold to the highest bidder for not less than the more. than one rate. for any single maturity, Tke.. rape' of an interest par value thereof and accrued interest, but the right is reserved to reject any and rate other than for consecutive maturities will be regard 'interest as an additional all bids. rate. No bid for less than par and accrued ' t for., the .all, All bids must be accompanied by a bond or certified check, payable to the bonds will be considered. The bonds will be awarded bidder offering to purchase the bonds at a price resultinj ,of the responsible k the lowest, net Board of Education, equal to at least one (1 %) per cent of the bonds bid for, interest cost to the district, to be determined by computm he total interest upon condition that if the bid is accepted the fiscal officer will deliver to the on all bonds to their stated maturities and deducting thiari in the premium successful bidder within three weeks of the award, a complete, certified bid, if any. ' ,transcript of the proceedings showing the bonds to have been legally issued, and the bidder will receive and pay for such bonds as may be issued as above Bids must be accompanied . by a certified or cashier's ck on a solvent set forth, within 30 days of the award, at Portsmouth, Ohio, said bond to be bank in the amount of 2 per cent of the principal of tbq mils, payable to forfeited or said check to be retained by the Board of Education if said the District Treasurer assa guarantee of good faith, to I orfeited to said condition is not fulfilled; or said check to be returned promptly at the request district by the successful bidder as liquidated damages ould he fail to of the successful bidder if the transcript is not delivered within the time take up and pay for the bonds when ready. specified herein. No conditional bids will be received. The proceedings authorizing the Said bonds will be the direct general obligations I district payable from unlimited ad lie said school issuance of these bonds have been taken under the supervision of Messrs. Peck, Shaffer & Williams, valorem taxes, and a the purpose of erecting and equipping a new high school eing issued for din g m and for bond attorneys of Cincinnati, Ohio, whose approv- ing opinion will be furnished to the successful bidder his said school district. The unqualified a 4 ni Chapman and expense. The Board of Education will pay for the printing of the bonds. Cutler covering the legality of the bonds will be £oral s ill be fu 'thout cost to s. Bids should be sealed and endorsed: "BID FOR .SCHOOL BUILDING BONDS', 1957 SERIES." I the purchaser. There. will also be furnished the usual dated as of the date of delivery of and payment for the statement h ng certificates, including -a WESLEY P. RIDENOUR, Clerk, Board of Education of the Portsmouth City School District. Current Financial Reports and New Liter.ature..on. PublicFFinance HOOKSET.T N. H. Financial information: as of May, 15, '1957, issued. in :connection with offering �on June .6; .Helen' N.. Courser, District Treasurer. ,_ LITTLE. RO.CK,�ARK: Financial statement�as of May'�31 3967, issued in connection with offering on Jnne 24 ;:W C'. Ware,: City Clerk. .. .. . _ . n t at there is no litigation pendin or, to.the wledge of the signer thereof, threatened, - affecting the-validity of s- The pur- chaser shall furnish the printed bond blanks at his own me. Delivery of the bonds in the State of Wisconsin or to Chicago, Hill, will be at the expense of the district, .. I The bonds will he awarded to the successful bidder a date. stated above for receiving bids at a meeting of the District B to be held at 8:00 o'clock P. M. - Sealed, bids should be addressed to the undersigned.. ct Clerk, East Troy, Wisconsin. The rights .reserved to reject. any. U bids and to waive informalities. in.-the bid accepted... Additional -A ation may be obtained from the undersigned upon request. s JOHN J. R Di Clerk. 0 r �7 � i • 2454 THE JA1LY BOND BUYER Official Municipal Bond Notices Official Municipal Bon Notices A1.�JaaA.■ ��/aaaa/a��/�� �iI V,VYV Boron h. -:f Collingswood IM JERSEY q Bond Sale ± June 6, 1957 Official Municipal Bond Notices i official Municipal Bond Notices $295,000 CITY. OF. WILDWOOD .. NEW JERSEY Bond Sale SEALED P10POSALS will be received by the Board of Commissioners SEALED PROPOSALS will be received by the Board of Commissioners of the Borough tf Collingswood, in the County of Camden, New Jersey, at of the City of Wildwood, in the County of Cape May, New Jersey, at the the Municipal Building, 678 Haddon Avenue, Collingswood, New Jersey, on City Hall, Wildwood, New Jersey, on JUNE 18, 1957, Aw JUNE 19, 1957, until 10:30 o'clock. A. M. (D.S.T.) at which time they will be publicly opened until 10:00 o'clock A. M. (D:-:8. T.), at which time they will be publicly and announced, for the purchase of $295,000 General Bonds of 1957 of said opened and anawneed, for the ,jfurchase of $190,000 (being part of an City. The bonds will be dated August 1, 1957, and will mature (without suthori}y► issueof $216,000) Wafer. Improvement Bonds of arid. Borough. option of prior redemption) in the principal amount of $10,000 on August 1 Tha bonder' ail] k dated June 1, 1967, and will mature (with t option of in each of the years 1958 to 1972; both inclusive, $15,000 on August 1 in each of the years 1973 to 1981, both inclusive, and $10,000 on August 1, 1982, with prior redemption) in the principal amount of $10,000 on June in each of interest payable February 1 and August 1 in each year. the years 1958 to.S967, both inclusive, and $15,000 on June 1 ' each of the The bonds will be issued in bearer form with coupons and will be of the .years 1968 to lip, both inclusive, with interest payable June 1 and denomination of $1,000 each, and will be registerable as to principal only or December 1 in year. as to both principal and interest reconvertible at the expense of the holder into coupon bonds and will be payable at the office of The Marine National The bonds wll be issued in bearer form with coupons and will be of the Bank of Wildwood, Wildwood, New Jersey. denomination of$1,000 each, and will be registerable as to principal only Each proposal must specify in a multiple of % or 1/20 of 1Z a single or as to both gincipal andcjnterest reconvertible at the expense of the rate of interest not exceeding 6% per annum which the bonds are to bear, and holder into couicn bonds a W eri'll be payable at the principal .office of no proposal will be considered which specifies a rate higher than the lowest the Camden Tratkpompany, Camden, New Jersey. rate stated in an legally acceptable y g y p proposal. Each proposal must state Lc - Each propo l must specify in a - multiple of % or 1/20 of 1% a single the amount bid for the bonds, which . shall be not less than $295,000 nor more rate of interest lot .exceeding 6% per annum which the bonds [are to bear, than $296,000. and no proposalwill be considered which specifies a rate higher than the As between legally acceptable proposals specifying the same rate of lowest rate staUjB.any legally acceptable proposal. Each proposal must interest, the bonds will be sold to the bidder complying with the terms of state. the emounTid for the bonds, which shall be not less than $190,000 sale and offering to accept for the amount bid the least amount of bonds, the nor more than $11,000. bonds to be accepted being those first maturing, and if two or more bidders offer to accept the same least amount, then to the bidder offering to pay As betweenlegally acceptable proposals specifying the same rate therefor the highest price. The purchaser must also pay an amount equal of interest, the Inds will be sold to the bidder rnmplying with the terms of to the interest on the bonds accrued to the date of payment of the purchase sale and offerin ept for the amount bid the least amount of bonds, the price. Uoads to be ac ad being those first maturing, and if two or more bidders The right is reserved to reject all bids and any bid not complying with offer'2to accept a same least amount, then to the bidder offering to pay the terms of this notice will be rejected. therefor the bloat price. The purchaser must also pay an amount equal All bidders are required to deposit a .certified or cashier's check payable to the interest ithe bonds accrued to the date of payment of ?the purchase to the order of The City of Wildwood, in the County of Cape May, New price. Jersey, for $5,900, drawn upon an incorporated bank or trust company. The The right ed to reject all bids and any bid not complying with check of the successful. bidder will be retained to be applied in part payment natic the terms of tFQ�iice will be rejected, for the bonds or to secure the City from any loss resulting from the failure of the bidder to comply with the terms of his bid. ' All bidder9e required to deposit a certified or cashier's check payable The successful bidder may at his option refuse to accept the bonds if to the order of trough of Collingswood, New Jersey, for $3,800, drawn upon . prior to their delivery any income tax law of the United States of America an incorporatesnk or trust company. The check of the successful bidder shall provide that the interest on such bonds is taxable, or shall be taxable will be retain+ be applied in part payment for the bonds or to secure at a future date, for federal income tax purposes, and in such case the deposit the Borough Ila any loss resulting from the failure of the bidder to made by him will be returned and he will be relieved of his contractual comply with tiferms of his bid. obligations arising from the acceptance of his proposal. ' The sucked bidder may at his option refuse to accept the bonds if Proposals should be addressed to Mr. R. Leonard Byrne, City Clerk, City Hall, Wildwood, New Jersey, and enclosed in a sealed envelope marked prior to their'Ivery any income tax law of the United States of Amenca . on the outside "Proposal for Bonds ". shall provide tl the interest on such bonds is taxable, or shall be taxable The successful bidder will be furnished, without cost, with the approving at a future ddfor Federal income tax purposes, and in such case the opinion of Hawkins, Delafield & Wood to the effect that the bonds are valid deposit made him will be returned and he will be relieved of his contractual and legally binding obligations of said City all the taxable property within obligations aria_ from the acceptance of his proposal. which will be subject to the levy of ad valorem taxes to pay said bonds and Proposals iuld be addressed to Mc R. S. Wigfield, Borough Clerk, interest thereon, without limitation of rate or amount. Municipal Burg, 678 Haddon Avenue, Collingswood, New Jersey, and ' R. LEONARD BYRNE ' enclosed' in a led envelope marked on the outside "Proposal for Bonds." City Clerk. The sucol bidder will be furnished, without cost, with the approving Dated June 4, 1957 opinion of H s, Delafield & Wood to the effect that the bonds are valid and legally g obligations of said Borough all the taxable property Current Financial Reports within which ;be subject to the levy of ad valorem taxes to pay said bonds and in thereon, without limitation of sate or amount. MANHATTAN, KAN., CITY SCH. DIST. Financial statement .and general information issued in connection with the offering on R. S. WIGFIELD, June 6. Claire Crumbaker, Clerk Board of Education. Borough Clerk. ' B ROCKLAND, MASS. Financial information as. of May 15, 1957, issued in connection with offering on June 12. M. Vincent Fitzgib- Dated June `1`7. bons, Town Treasurer. 1 June 6, 1957 Official Municipal Bond Notices • r THE, DAILY BOND .BUYER 2455 Official, Municipal Bond Notices Official Municipal Bond Notices. I Official Municipal. Bond Notices $600,000 said School Building Revenue Bonds CITY OF NEWPORT as authorized. therein, The City will agree to furnish the KENTUCKY prepared bonds and the unquallfl" - approving opinion of Messrs. Chap. School Building Revenue Bonds man and Cutler, Lawyers, Chicago, PUBLIC NOTICE is hereby given Illinois, together with the customary that on May 28, 1957, the Board of closing, certificate, dated as of the Commissioners of the City of New- date of delivery of and payment for port, Kentucky, adopted an ordinance the bonds, including a statement that authorizing and providing for the is- there is no litigation pending or, to nuance and delivery of $600,000 prin- the knowledge of the signers thereof, cipal amount of School Building Rev- threatened, affecting the validity of enue Bonds, to be dated April 1, 19570 the bonds and all bids may be so con - of the denomination of $1,000, matur- ditioned. Delivery of the bonds will ing in installments on October 1 of be made at any bank in the City of the respective years as follows: Louisville or Lexington, Kentucky, or Year Amount. Year Amount the City of Cincinnati, Ohio, as may 1958...$11,000 1973...$20,000 be designated in the successful bid. 1959.... 12,000 1974... 21,000 Each bidder should specify the rate' 1960... 12,000 1975... 22,000 or .rates for the bonds (not exceeding 1961... 13,000 1976... 23,000 6% per annum) which rate or rates 1962... 13,000 1977... 24,000 shall be a multiple of one - quarter of 1963... 14,000 1978... 25,000 one per cent with all of the bonds of 1964... 14,000 .1979... 26,000 the .same maturity bearing the same 1965... 15,000 1980... 27,000 .interest rate, and no bid for less than 1966... 16,000 1981... 28,000 .par plus accrued interest will be 1967... 16,000 1982... 29,000 given consideration. Each bidder will 1968.... 17,000 1983... 30,000 be required to qualify by furnishing 1969... 17,000 1984... 32,000 a certified check drawn on a state or 1970... 18,000 1985:... 33,000 national bank in the sum of $12,000 1971... 19,000 1986... 34,000 payable to the order of said City. 1972... 20,000 Such checks of any unsuccessful bid - provided that the bonds maturing on ders will be returned after the open. or after October 1, .1964, are to be ing of the bids, but the check of the optional for redemption on any inter- successful bidder will be retained un- est payment .date on or after October til delivery of the bonds and the 1, 1963, in whole or from time to time amount thereof shall constitute the in the inverse order of their ma- agreed liquidated damages in the turities (less than all of a single ma- event the successful bidder fails or turity to be selected by lot) upon refuses to perform in accordance terms of 103 if called for redemption with the accepted bid. The right is on or prior to April 1, 1968; there- reserved to reject any or all bids. after at 102% if called for redemp - In the event that prior to the de- tion on or prior to April 1, 1973; livery of said bonds the income re- thereafter at 102 if called for re- ceived by private holders from bonds demption on or prior to April. 1, 1977; of the same type and character be- thereafter at 101% if called for re- comes taxable by the terms of any demption on or prior to April 1, 1982; federal income tax law the successful and thereafter at 101. Both prin- bidder may be relieved of its obliga- ; cipal and semi- annual interest are to tions under any accepted proposal to be payable at the Newport National Purchase the bonds, and in such case 'qualifying Bank, in the City of Newport, Ken- the amount of. the check tacky.., Referenteris..hereby made to will be returned.on request. said `ordinance for a more- complete ' /s/ ROBERT G. SCAOM AKER', - description of the bonds' and the se- City. Clerk. curity for payment of same. Inquiries for further information should be di- $3$5,000 rected to the undersigned City Clerk CITY 'OF IRCKMAN or to the fiscal agent, Charles A. - .. Hinsch & Company, .Inc., 1001 Fifth KENTUCKY Third -- Bank Building, Cincinnati 2,. Natural Gas System_ Revenue Ohio.- , - ' . ', Bonds Said Board of Commissioners will The City of Hickman, Kentucky, meet at the City Manager's office, will receive sealed bids -at 8:00 P.M. first floor, Court Houae� Fourth and on the York Streets in said City of. New- 17th DAY OF JUNE, 1957, port, on at which time $385,000 Natural Gas JUNE 11, 1957, System, Revenue Bonds will be offered at 9:00 o'clock A. M., (E... S. T.) at for sale to the best bidder. A prospec- which time and -place anyone inter- tus setting out pertinent details of ested in fhe- matter of issuing said this issue may be obtained . from bonds may appear and be heard and Frances Johnson, City Clerk, City of at said time and place said Board of Hickman, Kentucky., Commissioners will receive and con- - By. JOHN C. BONDURANT, sider proposals for the purchase, of ". Mayor. - w51spo CASCADE COUN.,TY MONTANA. Convalescent Hospital Bonds Bide for the sale of the above bonds,.whighLis the first installment,af,;a $1,915,000 issue, will be received by the .Board of County Commissioners. of Cascade County, Montana, until 2:00 P.M. Mountain Standard.Time on JUNE 14, 1957: These bonds will be sold to the highest bidder for cut, either amortira- tioa or serial bonds of said County, redeemable five (5) 'years after issue or on any payment due date thereafter. .'-.0 If serial bonds, they will be 10 year bonds as follows: 7 -1- 58 .......... $61,600 7 -1- 63 .......... $61,600 7- 1.59.......... 51,500 7- 1.44.......... 51,500 7- 1- 80 ..... . .... .51;500 7- 1- 65............., 61,500 7- 1- 61........... 51,500 7-1-66' ....... 51,600 7- 1- 62........... 51,500 7- 1- 67.......... 61,500 These bonds will be $1000 and $500 denomination, if W bonds, These are tax free bonds. BOARD OF COUNTY COMMISSIONERS, CASCADE COUNTY, MONTANA, By OTTO POWELL, Clypirman. Notice of Redemption BOARD OF LEVEE COMMISSIONEVWF THE ORLEANS LEVEE DISTRICT, LOULSIAN_A Orleans Levee District 5 % Levee Bonis Issue Dated January 1, 1909 . NOTICE IS HEREBY GIVEN that in acco with Act No. 25 of the Regular.' Session of the Legislature of State of ' Louisiana for the year 1908 and the provisions conlaiiiid therein, the following Orleans Levee District b% Levee BonWue dated; January 1, 1909, will be redeemed July 1, 1957. 7 - `.Bonds Nos. 201 to 300, both numbers inclusive in:he denom- ination of $1,000 each, bearing interest at the rate of- , payable - aemf-atulually January and July first, and aggregat' 'the total " amouq$,. of j10Q,000.:will mature July 1, 1957." The holders of the said Orleans Levee. District b% ee Bonds,* - of the issue dated January 1, 1909, and bearing th ' hers as enumerated, above, are hereby notified, that the sam a payable at the office of the State Treasurer, Baton Rouge, La., the office of the Fiscal Agent of this.Board,, the ;Whitney,Nati Bank of New Orleans,'in'tlie'City' of New Orleans, La. All d bonds not so presented for redemption on that date, will a to bear interest from and after that date:. - J. S. HILL, Assistant Secreta Board of Levee Comm' era, Orleans Levee Dis ' Bond Calls, Redemptions, Deb Readjustments, Refunding People an+Place3 - Plans J. B. HTFranci & ave' opened a Bowling Green,, Ohio northern ia a at. 369. Pine In * connection. with the call for Street, Saci tenders on.. June 3, of Bowling Green, A. L.. Ar, erly' with the Ohio, 3% Water Works, System Rev- American Co. 1 manage -the enue bonds, Second Series, dated April new J. Ber o. office. He 1, 1950, the. Ohio. Citizens Trust Co., has been g the past few Trustee advises us- that $25,000 has months aoin 's main office been accepted at 97.89. in Beverl 2456 Work9beet);, arle jnoW; av4liabie, or being prepared, on all issues $1;000,• 000 and over, General' Market Names $500,OOQ�d over •iis$ed be- low. This coludm is pr for the convenience of Partial _ in determining the particular di6re'from Tim BoNn aw hod- wWorkshee and Record Servieea and- thi'Anmbsr Shown in the left: Land Bole mn. buids each issue may be used in ordering gosh issues sa these -eabsedbora mw,j0s& Full snbeedb- -are automa ' Teesivs one set of three sheets all issues listed. Additional copies are available on sack issue to full and partial sub - seribare, Orde forme art-tntilahle and wiWbe set out to all-fl and partial f*Aseib. m. and to -others upon request. AVAIL&ILE NOW .6,390 1408?rear Co., N Ji .... 5 JUNE 6, 1957 to the voters. the State Highway Fund ' 1366 Ketterbg City S. D., 32, 000 Ohio ............. 11,500 1396 San. Aleollio, Tex. 13,920 1400. Port ktkur I. S. D., 3,740 Tea: 2,896 1405 C. 9. 1, Ballston, MOTT, the election held etc., 11VNfYY ........... . 1,753 JUE 10, 1957 serni-ijoifilial, National Guard Armory 1393 Fontanl U. S. D.. Cal.,A;160 5,000 1371 Silver low. Co.,. S D. gstried by a vote of 259 to 53. #1, .. ... 2,469 14111ndian �.:9ewer 2,143 Subdist 1, Han.... 1,055 JU1E 11, 1957 1,295 1362 Sarasot Co., Spec. Tax 1,500 S. D. 4, Fla. ....... 2,500 1402 Temple Tex. ......... 2,300 1403 Seutb*011, Conn ... 1,871 1407 La See -Co.. S. D. issue of Feb. 14 under caption "New- - #1 ........ 1,100_ Fire Department's Equip- ment ... .......... 1,000,000 NORTH CAROLINA (P. O. - W MI Bevidge Appointed.'; Asa °t, Ger*l Manager: of ' N. 'paan(y�er. -of - York International pirpe; 100". past three years, has San •promo to assistant general }osoan r of four metropolitan air - ports . opera the Port of New York Anthot according to an ,an- nouncement ! Austin J. Tobin, ax- ecutive direr of the bi- state agency. M Beveridge succeeds George M. ._Sherry,, ;who bas ac- cepted the "hip of the Dade County.(M I#6.) Port Authority. Hervey La general. manager of the airport ich include New York lnternatio d LaGuardia in New York, and:' ark and Teterboro in New Jersey,' J ' At the - Lane,' Mr. Tobin an- 'minced t, Donald Foley, acting) assistant r#er of LaGuardia Air -7 port, has named assistant man - °ager of Nelork International Air- port to suciMr. Beveridge. Port jttl Ii DAIL - Auth, Pa. ._ .... .6,390 1408?rear Co., N Ji .... 1,635 '1 -' JUNE 12, 1957 to the voters. the State Highway Fund Ohio .. 32, 000 IiS6, 1986 5h Pa . . .. 5,200 1404 Arlington Co., Va... 31200 1283' Iberia Par. School Bd.,. 3,740 La .. 1 1390 Lee & Ogle Cos., S. D. 1,500 1410 S. D., Oak Park &- MOTT, the election held e 1418 lad. ....... 2,105 ,JUNE. 13, 1P57 serni-ijoifilial, National Guard Armory 1397 Saw-Diega. Cal.:...... 5,000 -J$NE 18, 1957 gstried by a vote of 259 to 53. 1406 Iliad apaadence, Me ..... 8,000 1412 ('(Afton, N. J..: ..... 2,143 JUNE 24, 1957 County) -At an election held on May 1414 Little Roek; A. -.. 1,295 JUNE 26, 1 57 1,500 .1415. Cr S. D., EsaV Baton of .. .. .. .:. ..$1,780,000 Rouge Par., La. ..... 10,000 e lunet ,o_ ken are new. today and apPeas '19VaJ :.Being P,ePar,d" ,ration did not of tbt, sds�tw;. proposed election referred to in our BEING PREPARED JUNE 17, 1957 1399 Hennepin Co. 1 S. D. - $#205, Minn. 1.020 JUNE 18, 1857 1387 North Scott C S. D., -MAINE (P. O. Augusta). =AB elec- Iowa 1,100 1391 St. Louis Co. L S. D. to the voters. the State Highway Fund #13. MfteL .......... .. 1,414 1409 Multnomah Co., Ore. . 1,500 1417 Brandywine Area Jt. This issue was given final passage -. Sellool Auth., Pa..... 3,740 .. JUNE 19, 1957 1410 S. D., Oak Park &- MOTT, the election held .. Royal Oak; - Mitb...... 1,000 JUNE 24, 1957 serni-ijoifilial, National Guard Armory 1416 Highland Park; IIL..... 1,780 JUNE 27. *7 gstried by a vote of 259 to 53. 1380 Lafourehe' par. I Water Dist *1, _Lr A....... 1,676 JULY 1,: 1957 County) -At an election held on May 1410 #ikhon Par. i Hoop. 28 an issue of Reservoir and Water L&.: ....... 1,500 e 1sgNs ,ea. oueked me ew today. of .. .. .. .:. ..$1,780,000 .Playground and Recrea/e carried by a vote of 5,144 to 146. SUBSCRIPTION RATES (Tbi, ,eroice it 4Wail a only to ask. ,sriberr to THE DAILY SOND BUYPJO '.Full subscription: •G as set (3 Sheets) of every p�eesue listed. - $50.00. per fdoatb- Partial subscription: individual issues,:us:9rdered- 41:25 per-set (3 sheets),_, Additional copies on white paper 1 -.99 copies ......... 54 each 100 -249 copies ..... 40 each 250-499 copies ........3# each 500 -999 copies .. ..2%# each 1000 and over ... ....24 each THE BOND 13LTYER WHITaNALL 4.2660 NY 1.614 67 PEARL STREET NSW YORK 4. N. Y PROR SED BENTON' TP.,` MICH., LAFA ETTE SCH. DIST. (P. O. Benton H bor) -At the election held on May the. Building bonds to the amo carried by a vote of 92 to 40. BIRMINGHAM,. MICH., S D1ST. -An election will be held. June '10, to submit to the voters issue of Building bonds to the amo June 6, 1957 BOND ISSUES Y= KING CO:, �WASH., VASHON fir- ISLAND SCH: DIST... No. 402.,($. O. 27, Seattle). -At an election heldioa. May unt 28, an issue of Building bonds to the 000 amount of ..r 1...1......$100,000 was approved. CH. MADISON CO., MO. (P. 0. Freder- on icktown). -At an election held on May an 30, an issue of Hospital bonds to the unt amount of .................$375,000 of .. .. : .... tP6,000,0001 was CAMPBELL CO WYO.; SCH. -MAINE (P. O. Augusta). =AB elec- D1ST. No 1 (P. O. Gillette). - An tion will be held on Sept. 9 to suhtnit election was held on June 4, to vote to the voters. the State Highway Fund (.Building bonds to the amount bonds to the amount of ..$24,000,000 of. .. ...._ .......... , $40,000 mentioned in our issue of June 3. ' This issue was given final passage CHICAGO, ILL. - At the election by the State Legislature. on May 28. held on June 3, the following. Munic- ipal Improvement bonds aggregat- MOTT, the election held ing ...... ..........$113,000,000 on May ', the not exceeding 6%, were approved: serni-ijoifilial, National Guard Armory Airport Improvement ..$15,000,000 boWN to the amount of...... $40,000 Street Lighting ......... 15,000,000 gstried by a vote of 259 to 53. Bridges and Viaducts 15,000,000 Transit Facilities lm- - t' NEWPORT BEACH, CAL. (Orange provements ... - 30'00 00 County) -At an election held on May Refuse Disposal ... 9, 000 ' 28 an issue of Reservoir and Water .Municipal Buildings .. 00,000 System. bonds. to the amount Sewers . . 000,000 of .. .. .. .:. ..$1,780,000 .Playground and Recrea/e carried by a vote of 5,144 to 146. tion .y° 6,000,000 The above is part of the original Pier and Water Font proposed election referred to in our Improvements i.... 4,000,000 issue of Feb. 14 under caption "New- Bridewell Addrtlon`..._. 1,000,000 port Beach -Costa Mesa, Cal." Fire Department's Equip- ment ... .......... 1,000,000 NORTH CAROLINA (P. O. - neigh). - The State Legislat has Official Report to THE BONL BUYxa :given final approval to a , which CHICAGO ILL.,: BOARD OF ED- June K authorizes the issuance State In- DCATION, 4.- Secretary Board stitutions Improve ment onds to the of Education H. H. Buck -wires us amount of ..$10,000,000 that at the election held on June 3, These bonds will l)cissued without a the Public School Construction bonds .referendum on th9Pquestion. to the amount of ... $50,000,000 i1 a vote of CLAY CENTER, NEB. -A sI election will be held on June 1 submit to the voters an issue of and Swimming Pool bonds to amount of .... .............$5 COOK CO., ILL., HAWTHORNE ELEMENTARY SCH. DIST. (P. O. Hawthorne). -At an election held on May 18 Building bonds to the amount of .. .. $140,000 carried by a vote. of 74 to 5. Omelal Report to Tea Bohn Bore COOK CO ILL.. (P. O. Chicago) June 4. - C7ounty Clerk Edward J. Barrett wires us that at the election held on June 3, the Hospital and New Clinic Building, bonds to the, amount of .. , _ $12,100,000 carried by a vote. Hof 265,799 to 207,- 619. CRAWFORD CO; MO., SCIL DIST. No. R-2 (P: O. Cuba) ' A special ' elec- tion will be...held on June 11, to resub- mit to the � voters the `Building bonds to the :amount of - 1,.::$445,000 which were defeated at the election held on April 2._ ' {TELLINE, S. D. -At these on May 28, the not exceed - annual, Auditorium R e s to the amount of ..`.... Ed by a vote of 217 to 45. u HOUSTON CO., MINN., PUBLIC SCH. DIST. No. 12 *(P. O. Hokah)._ A special election was held on May 28, to vote Building bonds (amount not stated). 1RVING, TEX., IND. SCH. D1ST.- An election will be .held on June 8, to submit to the voters an issue of Build- ing bonds to the amount of $400,000 READING, 0,' At the general elec- tion on Nov. 5, voters will be asked to approve an issue of Swimming Pool bonds to the amount of ....$150,000 REDMOND, WASH. -At an elec- tion held on May 28, an issue of Storm and Sanitary Sewer System bonds to the amount of..... $45,000 carried by a vote of 254 to 19. Official Report W THE BOND BUT22 R O C K L A N D, MASS., June 4.- Town Clerk Ralph L. Belcher informs us that the report in our issue of May 21, that an election would be held on May 21, to vote Highway Construc- tion bonds to the amount of $23,593.14 is erroneous. THE DAILY` BOND BrYER At YOMIr M notimm nom$ PuOaea}d Dally,. R*csi t. 9atUrdars. 802"" m 4 Usid Holiday$. by THE BOND BUYER 67. Pearl Street, New York 4. N. Y. George Wanders, Editor A. T. Harris. Assoc. aduor C. Barron Otte. Chairman of Board Haney P. Velts. President Wmlam 6 abotkc: VIce.Pres142nt lAcnard A. Bartel. VIEW -Pros. & Easy George W. Carey, Treasurer Telephone: Mutation 4-2680 A. T. RT. Teletypes: NEWS DEPT. ... NY 1-621 ADVERTISING DEPT. NY I-M Telegraph Address W=$ S". New York Washington Buresa -D. V. Wilcox A1bee Building. N. W. Tat; D16trlet 7 -0244 SUBSCRIPTION RATES: 610.00 per month $360.00 per year single Copies. $1.50 Ceples seat by pleat Olu6 Han air Mae dellTer7 $1.00 Pa mDnta aaNYaeY 0 June 6, 1957 SAC CITY, IA. -At an election held on May 29, an issue of Municipal Gas Distribution System bonds to the amount of ..................$395,000 carried by a vote of 640 to 491. is THE DAILY BOND BUYER SEALED BIDS INVITED CASCADE CO., MONT. (P. O. Great Falls).. Attention is called to the official advertisement in our ad- ST. LOUIS CO., MO., SCH. DIST. I vertising columns of the offering on June 14, of the $515,000 Convalti4ent No. R -6 (P. O. Eureka). -An election Hospital bonds mentioned in our'"5s- was held on June. 4, to vote Building sue of May 16. bonds to the amount of .... $890,000 -' CHICOP.EE, MASS. -We are ad -1 SANGAMON CO., ILL„ SCH. DIST. vised that bids will be received until' No 15 (P. O. Williamsville). -At the June 13, at 11 a, m. (eastern on election held on May 11, the Building I light saving time), for the purchase) the bonds, including a no- litigation statement. The purchaser shall fur- nish the printed bond blanks at his own expense. Delivery of the bonds in the State or to Chicago will be at the expense of the District. En- close a certified or cashier's check for 22 of the principal of the bonds, pay- able to the District Treasurer. Complete details appear in the offi- cial notice in. another columns of this issue. bonds to the amount of ......$185,000 of School bonds to the amount carried by a vote of 279 to 205. of ......_ ._ ................ $600,0001 FRANKLIN MASS. -Town Trees- un- (av- 2.457 may be called and redeemed upon the payment of Waoe value thereof without accrued interest on Jan. 1, 1973, or any interest paying date thereafter. Principal and interest payable at a place in Salem, to be later designated. The bonds will be sol4A'9'a the highest bidder offer:ng the lowest cost to the District at not less than 98,", of their par value and the entire amount of accrued interest. The successful bidder will be fur- nished with the itun opinion of Winfree, MCC bl Shliler & Sayre, Esqs., of Portldhd,to the effect that the bonds constitute the valid and legal binding obligations of the Dis- trict.. The bonds will be delivered complete, without undue delay, at the expense of the D*trlct, at such city in Oregon as the successful bidder shall name. FAeff bid must be un- conditional. Eftse .a certified or cashier's check for $11,000, drawn on an Oregon bank, payable to the Dis- trot. ne LOUISIANA (P. O. Baton Rogge), or June 6. 4tate Treasurer A. P. Tug- or advises us that the $16,000,000, not eding 4%, J &D, 8 -year (av- d n- erage)` Various Combat and War ;st Veterans' Bonus Second Issue of 1947 be bonds, schediul;214 be offered on June ,_ 6,. have been wrdrawn due to on- . July 1, 1958 to 1977. Rate of urer John J. Brunelli will rec SUFFOLK, VA. - -An election was:lnterest to be m a multiple of 1/4 or sealed bids % the Merchants Not!, held. on May 28, to vote Sewage Dis -I1 /10 of 1h. The bonds will be an; 28 State Street, Boston 6, posal Plant Revenue bonds to the' thenticated by the First National til June 10, at 2 P. m. (eastern amount of ............ ....$6101OWBank of Boston. light saving time), for 61/2-year OMclsl Report to Tax BAND B YCR 'erage) Additional Water Supply SWEET HOME, ORE. -At the; COLLINGSWOOD, N. J., June 5.. Pon rotes to the amount of $60 election held on May 27, the Water Borough Clerk R. S. Wigfield calls in Dated July 1, 1957. Denomina Due July System bonds to the a in o u n tl our advertising columns for sealed $11000. $5,000 1, 195E of .... .. .$50,000 bids until June 19, at 10 a. m. (east- 1969. Principal and interest pay Carried by a vote of 196 to 152. ;ern daylight saving time), for not ex- at the Merchants National Bank Boston. The bidder is to ceeding 6k, J &D, 9% -year (average) name rate of interest in multiples of r4 VALLEY CO., MONT., LUSTRE Water Improvement coupon or regis- 1 /10 of 1;44 No bid for less than CON. SCH. DIST. (P. O. Lustre).- tered bonds to the amount of $190,000 and accrued interest will be acceF At a special .election held on May 11„ Dated June 1, 1957. Denomination It is the intention of the Towr Building bonds to the a in o u n t $1,000. Due June 1, as follows: $10,- the notes to the highest of ....... ...... ...... $75,0001 X54 000 in 1958 to 1967, and $159000 in Principal interest award der agreeing to accept the lol carried by a vote of to 37. 1968. to 1973. and rate of interest. These notes wil payable at the Camden Trust Com -. certified as to their genuineness WASHINGTON CO., ORE., BEAV- panyf Camden. Each proposal must �the Director of Accounts, Departn un- (av- 2.457 may be called and redeemed upon the payment of Waoe value thereof without accrued interest on Jan. 1, 1973, or any interest paying date thereafter. Principal and interest payable at a place in Salem, to be later designated. The bonds will be sol4A'9'a the highest bidder offer:ng the lowest cost to the District at not less than 98,", of their par value and the entire amount of accrued interest. The successful bidder will be fur- nished with the itun opinion of Winfree, MCC bl Shliler & Sayre, Esqs., of Portldhd,to the effect that the bonds constitute the valid and legal binding obligations of the Dis- trict.. The bonds will be delivered complete, without undue delay, at the expense of the D*trlct, at such city in Oregon as the successful bidder shall name. FAeff bid must be un- conditional. Eftse .a certified or cashier's check for $11,000, drawn on an Oregon bank, payable to the Dis- trot. ne LOUISIANA (P. O. Baton Rogge), or June 6. 4tate Treasurer A. P. Tug- or advises us that the $16,000,000, not eding 4%, J &D, 8 -year (av- d n- erage)` Various Combat and War ;st Veterans' Bonus Second Issue of 1947 be bonds, schediul;214 be offered on June ,_ 6,. have been wrdrawn due to on- 1 or 1/20 of (P. 0. UNION HIGH SCH. DIST. p Y p of Corporations and Taxation, will the (Y: O. Beaverton).-At an election l;i a single rate of interest and must Commonwealth. Delivery will be held on May 28; an issue-of Building also state the amount bid for the made at the Merchants National bonds to the amount of ....$1,600,000 bonds, .which shall be not less Bank, Boston, for Boston funds. No 'carried by a vote of 1,401 to 367. than $190,000 now more than telephone bid will be accepted. $191,000. The successful bidder will WATERTOWN, S. D:, SC11.-D1ST, be furnished, without cost, with the Omc181 Report to THE BOND BIIY68 -An election will be held on .Jame 18, approving opinion of Hawkins, Dela- HICKMAN, KY., June 6. -Mayor to submit to the voters an 'issue of field" & 'Wood, Esqs., of New York John C. Bondurant calls in our adver- not e x e e d i he of er, semi - annual, City, to the effect that the bonds are tising columns for sealed bids until Building bonds to the amount valid and. legally binding obligations, June 17, at 8 p. m. (central standard - ......... 1,850,000 of the Borough, all the taxable prop - 'time), for the purchase of Natural of ..... ...... $ arty within which will be subject to, Gas System Revenue bonds to the ' the levy of ad valorem taxes to pay!amount of ..... .... ..$385,000 - WHITE PIGEON, MICH., SCH. said bonds and interest thereon, with -' A prospectus setting out pertinent DIST. -At an election held on May 27, out. limitation of rate or amount.) date may be obtained from Frances -an -issue of Building bonds to the These bonds are part of an .authorized Johnson, City Clerk. amount. of ...:...:..........$240,000 issue of $315,000. Enclose a certified carried by a vote of 322 to 294. or cashier's check for $3,800, payable `- to the Borough. ..Onklel Report to THE Dom En rn W-INNEBAG0 CO.,'ILL., SCH. DIST. No. 205 (P. O. Rockford), June 4 --t. The Board of Education wires us that at the election held on June 3, the •Building bonds to the amount of . I ................. . ..$3,880,000 were approved. BONDS DEFEATED KING CO., WASH., AUBURN SCH. DIST. No. 408 (P. O. Seattle). -At an election held on May 28, an issue of Building bonds to the amount of .................$350,000 was defeated. KING CO., WASH., BOTHEL SCH. DIST. No. 46 (P. O. Seattle -At the election held on May $8, tl Building bonds to the a in o u n of ....................... . .$400,0( were defeated. oIDelal Report to Ties BOND Bpros. RICHLAND CO., S. C. (P. O. Columbia), June 4.- -Clerk of the County Court Agnes W. Heinitsh wires us that at the election held on June 4, the Columbia Hospital bonds to the amount of .......... $1,600,000 were defeated by a vote of 1,600 for, to 2,000 against. SNOHOMISH CO., WASH., ED. MUNDS SCH. DIST. No. 15 (P. O.. Everett). -At the election held on May 28, the Building bonds to the amount of ................$800,000 were defeated. Complete details appear in the offi- cial notice in another column of this issue. Official Report to THE Bo.. B'orss EAST TROY (VILLAGE), EAST TROY, TROY, LAFAYETTE AND SPRING PRAIRIE (TOWNS), WIS., JT. SCH.. DIST. No. 1 (P. O. East Troy), 'June 5.- District Clerk John J. Rogers calls in our advertising col - umns for sealed bids until June 24, at 8 p, m. (central daylight saving time), for not exceeding 6s, J &D, 104 -year (average) School Building coupon bonds to the a m o u n t of ... .......................$725000 Dated June 1, 1957. Denomination $1,000.. Due June 1, as follows: $35,- 000 in 1958 to 1972, and $40,000 in 1973 to 1977. Principal and interest payable at a bank to be agreed upon by the District and the purchaser, or at the State Bank of East Troy, in East Troy. All interest rates bid must be in multiples of V, of 1%, and no bid shall specify more than three rates of interest with not more than one rate for any single. maturity. No bid for less than par and accrued interest will be considered. The bonds will be awarded to the responsible bidder offering the lowest net inter- est cost to the District. General obligations, payable from unlimited ad valorem taxes. The unqualified approving opinion of Chapman & Cut- ler, Esqs., of Chicago, covering the legality of the bonds will be fur- nished without cost to the purchaser. There will also be furnished the usual closing certificates, dated as of the date of delivery of and payment for KAIZER WATER DISTRICT, ORE. (P.. O. 1162 Greenwood Drive, Salem). = Secretary Board of Commissioners Jack A. Frisbie will receive sealed bids until June 10, at 5 p. m. (Pacific standard time), for not exceeding 5F, J &J, 1724 -year (average) General Obligation coupon bonds to the amount of .................$560,000 Dated July 1, 1957. Denomination $1,000. Due Jan. 1, as follows.: $11,- 000 in 1960, $14,000 in 1961 and 1962, $15,000 - in 1963 to 1967, $16,000 in 1968 and 1969, $18,000 in 1970 to 1972, $21,000 in 1973, $22,000 in 1974 to 1977, $23,000 in 1978, $2,6,000 in 1979 and 1980, $31,000 in 1981 to 1983, $36,000 in 1984, and $37,000 in 1985. Bonds maturing after Jan. 1, 1973 00#al Report N THE Be.. Burn OJAVE IED SCH. DIST., (Kern Con ), June 6. -Clerk rd of Supervnors Vera B. Gibson rues us that ahe will receive sealed at her office in Bakersfield, until 2; at 11 a. p. (California day - t saving tim4 for not exceeding J &D, 10% -yen (average) Build- Series A beds to the amount ..$324,000 ated June- ;1957. Denomination DO.. Due Juve25, as follows: $5,- in 1960, $10,000 in 1961 to 1988, 000 in 1964, $30,000 in 1968 to $4,000 in 1972.�ncipal and interest payable . at . th ounty Treasurer's office. Bidders ame . a single rate of interest. Tfoe nds will be sold for cash only anut less than par and accrued it. Payment for and delivery e bonds will be made in the of the. Board of Supervisors. a. certified or cashier's check not less than 10$ of the amount the bonds bid for, payable to the k Board of Super- visors. MYRTLE CR K, ORE. -City Re- corder G. D. M !nbeck will receive sealed bids untl me 18, at 8 p, m. (Pacific standa ime)., for not ex- ceeding 5m, J&116-year (average) Notice of Postponement $16,000,000 STATE OF Various Combat and War Veterans' B/s Bonds Our offering of the $16,000,000 Various t aad War Veterans' Bonus Bonds, advertised in The Bond B on May 16, May 22 and May 29 for the receipt of bids on J 957 at 11:00 o'clock, A. M. (C.S.T.), has been withdrawn du unfavorable . market conditions. By: A. P. TUG BOARD OF LIQUIDATION OF THE SfE DEBT, BATON' ROUGE, LOUISIAN J u R� w s spec m a multiple of 1 carried by a vote of 322 to 294. or cashier's check for $3,800, payable `- to the Borough. ..Onklel Report to THE Dom En rn W-INNEBAG0 CO.,'ILL., SCH. DIST. No. 205 (P. O. Rockford), June 4 --t. The Board of Education wires us that at the election held on June 3, the •Building bonds to the amount of . I ................. . ..$3,880,000 were approved. BONDS DEFEATED KING CO., WASH., AUBURN SCH. DIST. No. 408 (P. O. Seattle). -At an election held on May 28, an issue of Building bonds to the amount of .................$350,000 was defeated. KING CO., WASH., BOTHEL SCH. DIST. No. 46 (P. O. Seattle -At the election held on May $8, tl Building bonds to the a in o u n of ....................... . .$400,0( were defeated. oIDelal Report to Ties BOND Bpros. RICHLAND CO., S. C. (P. O. Columbia), June 4.- -Clerk of the County Court Agnes W. Heinitsh wires us that at the election held on June 4, the Columbia Hospital bonds to the amount of .......... $1,600,000 were defeated by a vote of 1,600 for, to 2,000 against. SNOHOMISH CO., WASH., ED. MUNDS SCH. DIST. No. 15 (P. O.. Everett). -At the election held on May 28, the Building bonds to the amount of ................$800,000 were defeated. Complete details appear in the offi- cial notice in another column of this issue. Official Report to THE Bo.. B'orss EAST TROY (VILLAGE), EAST TROY, TROY, LAFAYETTE AND SPRING PRAIRIE (TOWNS), WIS., JT. SCH.. DIST. No. 1 (P. O. East Troy), 'June 5.- District Clerk John J. Rogers calls in our advertising col - umns for sealed bids until June 24, at 8 p, m. (central daylight saving time), for not exceeding 6s, J &D, 104 -year (average) School Building coupon bonds to the a m o u n t of ... .......................$725000 Dated June 1, 1957. Denomination $1,000.. Due June 1, as follows: $35,- 000 in 1958 to 1972, and $40,000 in 1973 to 1977. Principal and interest payable at a bank to be agreed upon by the District and the purchaser, or at the State Bank of East Troy, in East Troy. All interest rates bid must be in multiples of V, of 1%, and no bid shall specify more than three rates of interest with not more than one rate for any single. maturity. No bid for less than par and accrued interest will be considered. The bonds will be awarded to the responsible bidder offering the lowest net inter- est cost to the District. General obligations, payable from unlimited ad valorem taxes. The unqualified approving opinion of Chapman & Cut- ler, Esqs., of Chicago, covering the legality of the bonds will be fur- nished without cost to the purchaser. There will also be furnished the usual closing certificates, dated as of the date of delivery of and payment for KAIZER WATER DISTRICT, ORE. (P.. O. 1162 Greenwood Drive, Salem). = Secretary Board of Commissioners Jack A. Frisbie will receive sealed bids until June 10, at 5 p. m. (Pacific standard time), for not exceeding 5F, J &J, 1724 -year (average) General Obligation coupon bonds to the amount of .................$560,000 Dated July 1, 1957. Denomination $1,000. Due Jan. 1, as follows.: $11,- 000 in 1960, $14,000 in 1961 and 1962, $15,000 - in 1963 to 1967, $16,000 in 1968 and 1969, $18,000 in 1970 to 1972, $21,000 in 1973, $22,000 in 1974 to 1977, $23,000 in 1978, $2,6,000 in 1979 and 1980, $31,000 in 1981 to 1983, $36,000 in 1984, and $37,000 in 1985. Bonds maturing after Jan. 1, 1973 00#al Report N THE Be.. Burn OJAVE IED SCH. DIST., (Kern Con ), June 6. -Clerk rd of Supervnors Vera B. Gibson rues us that ahe will receive sealed at her office in Bakersfield, until 2; at 11 a. p. (California day - t saving tim4 for not exceeding J &D, 10% -yen (average) Build- Series A beds to the amount ..$324,000 ated June- ;1957. Denomination DO.. Due Juve25, as follows: $5,- in 1960, $10,000 in 1961 to 1988, 000 in 1964, $30,000 in 1968 to $4,000 in 1972.�ncipal and interest payable . at . th ounty Treasurer's office. Bidders ame . a single rate of interest. Tfoe nds will be sold for cash only anut less than par and accrued it. Payment for and delivery e bonds will be made in the of the. Board of Supervisors. a. certified or cashier's check not less than 10$ of the amount the bonds bid for, payable to the k Board of Super- visors. MYRTLE CR K, ORE. -City Re- corder G. D. M !nbeck will receive sealed bids untl me 18, at 8 p, m. (Pacific standa ime)., for not ex- ceeding 5m, J&116-year (average) Notice of Postponement $16,000,000 STATE OF Various Combat and War Veterans' B/s Bonds Our offering of the $16,000,000 Various t aad War Veterans' Bonus Bonds, advertised in The Bond B on May 16, May 22 and May 29 for the receipt of bids on J 957 at 11:00 o'clock, A. M. (C.S.T.), has been withdrawn du unfavorable . market conditions. By: A. P. TUG BOARD OF LIQUIDATION OF THE SfE DEBT, BATON' ROUGE, LOUISIAN J u R� w Notice of Postponement $16,000,000 STATE OF Various Combat and War Veterans' B/s Bonds Our offering of the $16,000,000 Various t aad War Veterans' Bonus Bonds, advertised in The Bond B on May 16, May 22 and May 29 for the receipt of bids on J 957 at 11:00 o'clock, A. M. (C.S.T.), has been withdrawn du unfavorable . market conditions. By: A. P. TUG BOARD OF LIQUIDATION OF THE SfE DEBT, BATON' ROUGE, LOUISIAN J u R� w THE DI/AILY BOND BUYER June 6. 1951 the amount the Town. and all taxable property ofritw Report to Tag BOW Bons J.. June 5tCRY and must state the amount bid for the bonds. which shall be not less Water bonds tf W o sF - ..$L` 76.000 in the Town will be subject to the levy WILDWOOD. N. than $uet. $be .. .. Dated June 1. 1957. Denomination ind taxes columns columnBsy for sealed tiids The ssfulo bidder wll fur - $1 000. Due follows: $7,00 both principal and interest. except that taxable. intangible Personal advertising until bt sav 19. at (eastern irood. opinion without of Hawkins. Delafpe,d & 963. $ .0 in 1969 to 1963, $8.000 in 1964 and in 1966 to 1969, $10.000 Property is taxable at tire. uniform daylight saving time). for exceed- Dare 196b. $9,000 1971, $12.000 in 197$ t° rate al cents for oupon at- registered)bo bonds effe his the bonds valid and in 1970 and • 1976 to 1978 $14.000 assessed bo °ds00are erel®f1967& p $295 000 legally binding obligations of the 1975.:$14.000 m . .:........ w within n 1979 t of and authenticated as to genuine- D Dated .Aug. 1. 1957. D which will be subject to the levy of pal a ness by the First National Bank. B $1 goo. Aug. 1. as follows: $10: a ad valorem taxes to pay s said bonds City T Treasurer a ton. and their legality will be ap- 0 000 in 1958 to 1972. $15.000 'in 1973 a and interest thereon. without l limita- tbeae bonds shalkear. provided t & ntereat payable 1 tffied f rates a R palland n pa able to the City. rates of interest`rilI be accepted. T c ascr,. B proposal must specify in a multiple C in another column of this res onsible biddeloffering to Ray Par T T e t Company New York N rote% o issue.once i rate or rates alicb result to the. Phone bids will not be accepted. lowest net inter$ cost to the Cl tyr These are the bonds mentioned in afte r the dedueti�of premium, >, our issue of June 5. in the amount of RESULTS OF BOND SALES any. The bondeare payable from $250.000. ad valorem taxesb be levied without PORTSMOUTH. O.. CITY SCH. ALBANY. N. Y. June 5. -The' Continental Illinois National limitation as to r amount a DIST.- Attention is called to the offi- Chase Manhattan Bank. of New York. Bank & Trust Co.. Chicago, all taxable prn the City: cial advertisement in our advertising National Commercial Bank & Trust and There will be arms the success- columns of the offering on June 19. Go.. of Albany. Messrs. Bache & Co.. Goldman. Sachs & CO.. Jul bidder without cost him a cer- of the $600.000 School Building- and Gregory &Sons. jointly. were the ointly. tlfitd transcript and the unqualified 1967 Series bonds. particulars of successful bidders for the following or 3Ia and 3'46.......100.214 a proving o tmee of Wblfree. Me- which appeared in our issue of June bonds aggregating .$1.602.000 (Net interest cost 3.317y,.) ppp p• Culloch.' $haler f Sayre: �Esgs•• Of 4. as 3.40s. J &D. at 100.40819. a basis of Halsey. Stuart & Co.. Inc.. Portland.- Delivep of the bonds will RUSRVILLE. IND. -City Clerk- 3.292%: and be' made at'aachil in Oregon as Treasurer John Geraghty Will receive Public Improvement. 3-yr. Burns. Corbett &Pickard. designated by th purchaser at the sealed bids until June 12. at 1 P. m. (avg.) ... .. .$857.0.00 Inc.. jointly, purchaser's exile se: Enclose a cer- central standard time). for not ex- School. 3-yr. (avg.) - .. 346.000 For 3s and 3% a.........100.1b7 tified or casbier'at eek for not lase (central 6 °. J &J, 233/4 -year, (average) Water Supply. 101/2•Yr. (Net interest cost 3.36404$.) than :$5.600• drdn on an Oregon g,) ................ 400.000 First National Bank, bank, payable W Ote Cit Treasurer. Electric Utility Refunding and Ion (av y provement Revenue - 1967 coupon Other bidders were: Chicago. and These are. the bads offered on May bonds to the amount of. . $2.105.000 j For 3.40% Bonds Robert W. Baird & Co.. Inc.. 14, and not sold. k=• Dated July 1. 1957. Denomination First National City Bank. Bankers jointly, - For 3%a and 3%9.. ..100.198 NORTH PRO{DE\CE, R. I.- $1.000. Due July I. as $10.000 Trust Co.. both o. New York. Gold - Ral h in 1958. $20.000 in 1959 and 1960. man. Sachs & Co.. and Roosevelt & (Net interest coat 3.366167.) Town Treasurer P D.. Cuculo 30.000 in Cross. jointly .....100.152 Northern Trust Co.. First $25.000 in 1961 to 1964. $ will receive seals bids % tYe 1966.$36:000 in 1966 to 19$8. $40.000 Guaranty Trust Go.. New York. ��� National Bauk, lunicipal Division. ,1 5. $ to 1971. $46.000 in 1972 and BRCOa, Stevenson & Co.. and White. 45 Milk Street,' baton. until June .. For 3'he and 3'�za.......100.068 1973. $50.000 in 1974 and 19[76. $66.000 Weld & Co.. jointly.. ..100.14 (Net interest coat 3.3684$.) 11: at 11 s. or (bfoB. daylight env- fn 1976 and 1977. $60.000 in 1978. For 8'/x7 Bonds ing time), for th follsvring °off Chi- bonds aggregattni ... $300.000 ;65.000 in 1979 and 1980. $70.000 in Harris Trust & Savings Bank. den Sewer. Act of l0'1a- '1981. and 1982. $76.000 in 1 3. $80.000 cago. L. F. Rothschild & Co.. Weeg?a June fib. -TbeE F�rat4 Nat National City $100.000 m 1984• $85.000 in 1985.90.000 in & Co.. Trust Comppaany of Co.. Georgia. Y -pr (avg) Ming ank. of New York. Messrs MerriIl. Due $6 000 Jme 1. 1958 to 1986. $95.000 in 1987 and 1 88• $100,- Atlanta. and Chas. m & Co., joint Fenner & Beane. 000 is 1989. $106:000 in 1990. $110.000 ly .. .100.309 Lynch. Pierce, 1977. in 1991. $116.000 in 1992. and $120.000 C. J. Devine & Co.. Francis 1. du- Robert Winthrop & Co.. and Dittmar Highway Constaction and in 1993 Bonds maturing in 1968 to Pont & Co.. Ira Haupt & Co.. Rey- & Co., jointly. were the high and only Reconstructio A.ct of bidders for the 9% -year (average) 75.000 1993 are callable in whole or m part molds & Co.. Bard & Co,. and Herbert ) 8 -yr. (. 100.149 1967. o¢ duly 1. 1967. or any interest pay- J. Sims & Co.. Cointly ....:. Building bonds .. the amount Due $6.000 1. 1168 to .. s 3 % $1,390,000 1972. � merit date thereafter. on 30 days no- Blyth & Co.. C Inc Blair & Co.. of ..... � $ tiee.in inverse numerical order. at face Inc.. Geo. B. Gtbboas. & Co.. Inc.. of $2.000,000 offered. as 3'fis. S &J. at fire Station. A of 1957. 60,000 vaitre at varying premiums.. Print- Chas. E. Welgold & Co.. Kean. Tay- par. 512 -yr. (avg. ......... pal and interest payable at the Rush for & Co:. Eldredge & Co.. and Illi- Due July 1. as follows: $26.000 in Due $5.000 ire 1, 1958 b p joint ......100.x3 1967: 'County National. Bank. in Rushville. noS Com army, jo yy 1968 to 1960. $80.000 in 1961 to 1963. Act 4964. 1434- or at the American Fletcher National Salomon Bros. oi Hutzler. and 00.07 in 19 00 in 1964 and 1966. 1969 to Funding. r' 50.000 Bank. & Trust Co.. Indianapolis. Each Bank. Albany. jomt[y in 1906 to 1968. $100:000 in 1969 to Yr. (avg.)- ne 1, 1967 to 'bid must be for all of the bonds and Por 8.607 Iso¢da 1972. and $90.000 in 1973. Due taut state the rate or rate of inter- Halsey. Stuart & Co„ Inc.. Marine These bonds are eligible for pur- 187& est.in multiples of % of I % %.: Not more Trust Company of Western New chase by the State Board of Educa- Water. Act d957. 3 -yr. 25.000 than three different interest rates York. Buffalo. Equitable Securities lion scheduled to meet June 8. at (avg.) shall be named in any bid. No con- Corporation. B. J. Van Ingen & Co.. which time it will determine whether Due $6,000?te 1. 1958 to ditional bid or bid for less than oar Bacon. Stevenson & Co., W. H. Mor- to exercise or waive its rights to said 1962. and accrued interest will be consid- ton & Co.. and R. D. White & Go.. bonds. 1)67. Denomfnatioa ed Th award will be made to the jointly .....................100.239 rate of 'mteresr or 1 /10 of 1%. 1 and accrued ints cepted. The BVI the lowest intet will be valid g atarity of entire ] highest qualified bidder offering the oIDCtal Report to Ma. Bonn Buv° i omew Report to a'a. Hone Born ipal. and Interest lowest rot interest cost to the City.! i BELL CO, t National Bank. low uslifid approving opinion of! ALBUQUERQUE. N. MEX.. MU- HY. (P. O. Pineville), are to name one �q ; NICIPAL SCH. DIST.. June 4. June 4.- Messrs. F. L. Dupree & Co.. a multiple of 1s Ross. McCord. Ice & Miller. Esgs.. ` Clerk Board of Education R. M. Elder of Harlan. and Associates. were the for less than par of Indianapolis. together with a trap - i informs us that the only bid received successful and only bidders for the t ofh bond proceedings.. printed d• 6% J &D 3-yea r School Building Revenue 1957 bonds ac- 4 lid Munacal Bonds MuntiOipal} Dapartmna+tt LEHMAIBROTHM NEw YORK CHICAGO scrip a for the not exec mg bond forms . and closing papers in average) Building bonds to the to the amount of.... ......$350.000 the usual form shiwing no•ltttgation ( .. . 2,000,000 questioning the validity of the bonds. amount, of $ as 41as and ART A , at par. will be furnished at the expense of was rejected. MARTHA L. County . County Clerk, the City_ The successful kidder will APPLETON. WIS., June 4, - be required to accept delivery of the; Messrs. Dean Witter & Co.. and Rod -'� BLAND, TEX., IND. SCH. DIST, bonds and make payment therefor on .man & Renshaw. jointly. were the: July successful bidders for the Sewer- (p• O• Greenville). -The State Board or before Jul 1. at the Continental;' of Education p u r c h a s e d recently- Ilbnois• National B°nk and a certified Com -11967 bonds to the amount 3, $400.000 School Building bonds to the amount party Chicago. Enclose a certified at a net interest coat of 3.2726%, as of ... , _ $15,000 or cas%ier's check for $20,000. payable follows: of 41!4 s. A &O, at par. to the City. For $120.000 maturing June 1. 1958, According to BOND BUYER rec- to 1963. as 31hs. J &D. and $280.000'. Dated April 1, 1957. Due April 1. orris there have been no recent im- maturing June 1. 1964 to 1977, as as follow =_Q2i n0 in in 1958 1n68t to 919701 and portent revenue bond sales. 3Y J &D, m 1967. STRONGSVILLE. O.. LOCAL SCH. Among the other bidders were: $of:ba 0$25.QOOlissuee nut oazedr at DIST. -Clerk Board of Education L. The Milwaukee Company... -' lection held on March 23. A Lenkaftis will receive sealed bids (Net Interest cost 3.29180 until June 26. for 3?=% Building bonds Harris Trust & Savings Bank. BRISTOL CO.. MASS.. June 4.- to the amount of . ....$180:000 Chicago. Trust Co.. of �nthorized at the election held on (1Ye[rinte4res6 and cost 3.29647.) 100.00 .The unton. wzs heusuticasstul bidder for May 23. rate of 'mteresr or 1 /10 of 1%. 1 and accrued ints cepted. The BVI the lowest intet will be valid g atarity of entire ] highest qualified bidder offering the oIDCtal Report to Ma. Bonn Buv° i omew Report to a'a. Hone Born ipal. and Interest lowest rot interest cost to the City.! i BELL CO, t National Bank. low uslifid approving opinion of! ALBUQUERQUE. N. MEX.. MU- HY. (P. O. Pineville), are to name one �q ; NICIPAL SCH. DIST.. June 4. June 4.- Messrs. F. L. Dupree & Co.. a multiple of 1s Ross. McCord. Ice & Miller. Esgs.. ` Clerk Board of Education R. M. Elder of Harlan. and Associates. were the for less than par of Indianapolis. together with a trap - i informs us that the only bid received successful and only bidders for the t ofh bond proceedings.. printed d• 6% J &D 3-yea r School Building Revenue 1957 bonds ac- 4 lid Munacal Bonds MuntiOipal} Dapartmna+tt LEHMAIBROTHM NEw YORK CHICAGO scrip a for the not exec mg bond forms . and closing papers in average) Building bonds to the to the amount of.... ......$350.000 the usual form shiwing no•ltttgation ( .. . 2,000,000 questioning the validity of the bonds. amount, of $ as 41as and ART A , at par. will be furnished at the expense of was rejected. MARTHA L. County . County Clerk, the City_ The successful kidder will APPLETON. WIS., June 4, - be required to accept delivery of the; Messrs. Dean Witter & Co.. and Rod -'� BLAND, TEX., IND. SCH. DIST, bonds and make payment therefor on .man & Renshaw. jointly. were the: July successful bidders for the Sewer- (p• O• Greenville). -The State Board or before Jul 1. at the Continental;' of Education p u r c h a s e d recently- Ilbnois• National B°nk and a certified Com -11967 bonds to the amount 3, $400.000 School Building bonds to the amount party Chicago. Enclose a certified at a net interest coat of 3.2726%, as of ... , _ $15,000 or cas%ier's check for $20,000. payable follows: of 41!4 s. A &O, at par. to the City. For $120.000 maturing June 1. 1958, According to BOND BUYER rec- to 1963. as 31hs. J &D. and $280.000'. Dated April 1, 1957. Due April 1. orris there have been no recent im- maturing June 1. 1964 to 1977, as as follow =_Q2i n0 in in 1958 1n68t to 919701 and portent revenue bond sales. 3Y J &D, m 1967. STRONGSVILLE. O.. LOCAL SCH. Among the other bidders were: $of:ba 0$25.QOOlissuee nut oazedr at DIST. -Clerk Board of Education L. The Milwaukee Company... -' lection held on March 23. A Lenkaftis will receive sealed bids (Net Interest cost 3.29180 until June 26. for 3?=% Building bonds Harris Trust & Savings Bank. BRISTOL CO.. MASS.. June 4.- to the amount of . ....$180:000 Chicago. Trust Co.. of �nthorized at the election held on (1Ye[rinte4res6 and cost 3.29647.) 100.00 .The unton. wzs heusuticasstul bidder for May 23. 0 0 June 6, 1957 the 5- months loans aggregat- ing .. ......................$262,078 at 2.119,% discount: Tax Anticipation .. _ .......$250,000 Emergency ............... 12,078 Other bidders were: National Shawmut Bank, Boston .... ... ..........2.14% First National Bank, Attleboro .................2.17% BUCHANAN, MICH., June: 3. Messrs. Braun, Bosworth & Co., Inc., were the successful bidders for the following bonds aggregating $156,000 at 100.00, a net interest cost of 3. Sanitary Sewer ..... .. $74,000 For $50,000 maturing Oct. 1, 1957 to 1963, as 3%s, A &0, and $24,000 maturing Oct. 1, 1964 to 1966, as 3'/ss, A &0. Storm Sewer _.... ..$29,000 For $19,000 maturing Oct. 1, 1957 to 1963, as 3%s, A &O, and $10,000 maturing Oct. 1, 1964 to 1966, as 3%s, A &0. Among the other bidders were: Paine, Webber, Jackson & Curtis - - - (Net interest cost 3.542%:) Barcus, Kindred & Co. . - (Net interest cost 3.57 %.) First of Michigan Corporation (Net interest cost 3.61 %.) Kenower, MacArthur & Co. - (Net interest cast 3.69 %.) Stranahan, Harris & Co. - (Net interest cost 3.83 %.) CHEEKTOWAGA, N. Y., FIRE DIST. No. 5 (P. 0. 2431 Genesee Street, Buffalo. 25). -The. Manufac- turers and Traders Trust Co., of Buffalo, and Messrs. Roosevelt & Cross, jointly, were the successful bidders for the 7% -year (average) Building bonds to the amount of ......................... $65,000 as 4s/4s, M &N, at 100.01, a basis of 4.24%. omeW Report to Tat Note, Horn CLARK CO., WASH., CAMAS SCH. DIST. No. 117 (P. 0. Van- couver), June 4. -The State was the successful bidder for the 7% -year (average) General Obligation, Series B bonds to the amount of ... $125,000 as 3%8, J &D at par. The next highest bidder was: National Bank of Commerce, Seattle ... (Net interest. cost 3.99 %.) EVA KING BURGETT, County Treasurer. oinelal Report to Taallolo Born CLEVELAND CO., - OKLA., DE- PENDENT SCH. DIST. No. 31 (P. 0. Norman).-The R. J. Edwards, Inc., recently purchased Building bonds to the amount of .. . _$3,000 at a net interest cost of 3.69%. These are the bonds authorized at the election held on May 14. ROBERT MORREN, District Clerk. COOK CO., ILL., SCH. DIST. No. 57 (P. 0. Mount - Prospect). In con- nection with the sale of the $300,000, 7 - year (average) School Building bonds to The Northern Trust Co., of Chicago, as 4s, A &0, at 100.0256, a basis of 3.998, report of which ap- peared in our issue of June 5, we are now advised that John Nuveen & Co. and Cruttenden, Podesta & Co., joint- ly, submitted a bid of 100.0115, a net interest cost of 4.033 %, for 5s, 4s. and 3%s. CORONA UNIFIED SCH. DIST., CAL. (Riverside County). -The syn- dicate headed by The Bank of America N. T. & S. A., of San Francisco, was awarded the $1,100,009 Building bonds Y BOND BUYER mentioned in our issue of June 4, on its bid of 100.0008, a net interest cost of 4.1324%, for 5s, 4s and 41/ss, J &J. DALLAS, TEX.- Messrs. Rauscher, Pierce & Co., of Dallas, recently pur- chased Maintenance Base Airpgxt Revenue - Series No. 363 bonds amount of ...... ........$6,2 0,000 at 100.00, a net interest cost of 4.11% as follows: For $155,000 maturing Sept. 1, 1962, as 3-As, MRS, $1tib,9ne maturing Sept. 1, 1963, as 3%s, M &S, $3,625,000 ma- turing Sept. 1, $170,000 in 1964, $175,- 000 in 1965, $185,000 in 1966, $190,- 000 in 1967, $195,000 in 1968, $205,000 in 1969, $215,000 in 1970, $220,000 in 1971, $225,000 in 1972, $235,000 in 1973, $245,000 in 1974, $250,000 in 1975, $260,000 in 1976, $275,000 in 1977, $285,000 in 1978, and $295.000 in and $2,000,000 in silly ap- & Crowe. above supersedes the repc appeared in our issue. of June DANVILLE UNION SCH. DIST., CAL. (Contra Costa County), June. 4. - Messrs. Dean Witter & Co., and As- sociates, were the successful bidders for the School -1966 bonds to the amount of ..................$55,000 at a net interest cost of 4.537. The next highest bidder was: Bank of America N. T. & S. A., San Francisco, Lawson, Levy & Wil- liams, Stone & Youngberg, and C. N. White & Co., jointly, For 5s and 4%s .. ...100.03 (Net interest coat 4:59 %.) DEPTFORD TP., N. J., SCH. DIST. (P. O. Deptford), June 4. -A syndi- cate composed of Messrs. B. J. Van Ingen & Co., Boland, Saffm & Co., Byrne and Phelps, Inc., J. B. Hanauer & Co., W. H. Newbold's Son & Co„ and Lebenthal & Co., was the success- ful and only bidder for the 1034 -year (average) School Building bonds to the amount of ..............$900,000 as 5s, J&D, at 100.045, a basis of 4.99 %: ELKHART, TEX., IND. SCH. DIST. - Messrs. M. A. Hagberg & Co, pur- chased recently, Refunding School, Series 1957 (Unlimited Tax) bonds to the amount of ...........$7,000 as 3%s, M &S. Dated March 15, 1957. Due. $1,000 March 15, 1959 to 1965. EUGENE, ORE. - In connection with the sale of the $700,000 Public Library Building bonds to Messrs. Foster & Marshall, of Seattle, at 98.40, a net interest cost of 3.67297, for 3%s, 3%s, 3%s, 3%s and 3.70s, J &D, report of which appeared in our issue of June 4, we are now advised that The First National Bank, Port- land, submitted a bid of 98.43, for 3Yns and 39'4s, at a net interest cost of 3.80039 %. FAYETTEVILLE TENN. -In con- nection with the sate of the $300,000 School bonds to The First National Bank, of Memphis, and Associates, at a net interest cost of 3.7997, report of which appeared in our issue of June 4, we are now advised that the following bids were also submitted: Equitable Securities Corporation - (Net mterest cost 3.821%.) Mid -South Securities Co., and C. H. Little & Co., jointly. - - (Net interest cost 3.901 %J GREEN SCH. DIST., CAL. (Ala- meda County), June 4. - Messrs. Schwabacher & Co. were the high . bidders for the 20 -year (average) 1954 School bonds to the amount of $10,000 as 48is, M &N, at 100.54, a net interest cost of 4.72%. The next highest bidder was: Bank of America N. T. & S. A., San Francisco, Lawson, Levy & Williams, Stone & Youngberg, and C. N. White & Co., jointly, For 5s ............... ...100.19 (Net interest cost 4.997.) GUADALUPE CO., TEX., CON. SCH. DIST. No. 25 (P. 0. McQueen - ey). -The State Board of Education purchased recently, School .Building bonds to the amount of ......$50,000 at Dar. as follows: in 1958 to 1964, $2,000 in 1965, as 314s, M&N, $10,000 maturing $2,000. May 15, 1966 to 1970, as 4s, M &N; and $31,000 maturing May 15, $2,000 in 1971 to 1975, and $3,000 in 1976 to 1982, as 4%s, M &N. Dated May 15, 1967. Bonds matur- ing in 1976 to 1982 are callable May 15, 1975. HASTINGS, MICH. -In connection with the sale of the $95,000 automo- bile Parking System Revenue bonds to Messrs. Kenower, MacArthur &. Co., of Detroit, at a net .interest coat of 4.72606 %, report of which appeared in our issue of May 29, we are now advised that McDonald -Moore & Co: were associated with the above named in the purchase of the bonds. HAVERFORD TOWNSHIP SCHOOL DISTRICT AUTHORITY, PA., June 4.- Messrs. Goldman, Sachs & Co., Arthurs, Lestrange & Co., Elkins, Morris, Stokes & Co., Jenks, Kirkland, Grubbs & Keir, and Brooke & Co., jointly, were the successful bidders for the bonds aggregsb ling .......................$890,000 at a net interest cost of 3.377 %, as follows: School Revenue, Series of 1967 ........ ..$490,000 For $180,000 maturing Dec. 1, $20,000 in 1958, $26,000 in 1959 to 1962, $20,000 in 1963 to 1965, as 3s, J &D, $160,000 maturing $20,000 Dec. 1, 1966 to 1971, as 3.103, J &D, and $150,000 maturing $30,000 Dec. 1, 1972 to 1976, as 3.20s, J &D. School Revenue, Series of 1967, 291/x- yr. .......... $400,000 as 3.35s, J &D: Among the other bidders were: First Boston Corp., Yarnall, Bid- dle & Co., McJunkfn, Patton & Co., and Hulme, Applegate & Humphrey, Inc., jointly, For 2.30s, 2.46s, 2.60s, 2.70s, 2.80s, 2.90s, 3s, 3.05s, 3.10%, 3.16s, 3.20s, 31 /ss, 3.30s and 3%s.. ....98.05 (Net interest cost 3.403 %.) Halsey, Stuart & Co., Merrill Lynch, Pierce, Fenner & Beane, Ira Haupt & Co., Thomas & Co., and Bioren & Co., jointly, For 2s/,s, 3s, 3.10s, 3.20s, 31/as and 3.45s . .. ............. . ..98.19 (Net interest cost 3.4408%.) Eastman Dillon, Union Securities &. Co., Cunningham, Schmertz & Co., Janney, Dulles & Battles, and Fahne- stock & Co., jointly, For 2%s through 31hs... _ ...98.50 (Net interest cost 3.46059.) Smith, Barney & Co., Butcher & Sherrerd, Dolphin & Co., and Robert L. Whittaker & Co., jointly, For 3s, 3.10s, 3.15s, 3.20s, 31/as and 31/2s . .... ..98.17 (Net interest coat 3.495 %.) Drexel & Co., W. H. Newbold's Son & Co., Schmidt, Poole, Roberts & Parke, and Suplee, Yeatman, Mosley Co., Inc., jointly, For 3s, 3.10s, 3'.15s, 3.20s, 314s, 3.30s, 3.35s, 3.40x, 3.45s and 3.55s .. ... ...98:10 (Net interest cost 3.576 %.) 2459 Bloir.& Co., Inroud & Co., A. Webyt* DoughertT& Co., DeHaven & Townsend, Crouter & Bodine, J. W. Sparka. & Co., aad Rambo, Close & Kerner, jointly, For 3s, through 3468........98.26 (Net interest cost 3.614%.) IRVINGTON SCH. DIST, CAL. (Alameda County),Jone 4. -A syndi- cate composed of'lhe Bank of Ameri- ca N. T. & S. A.,V f San Francisco, Messrs. Dean Wittet & Co., Merrill Lynch, Pierce, Finaer & Beane, Wm. R. Staats & Co., Lawson, Levy & Wil- liams, Stone & Youngberg and C. N. White & Co., vas the high bidder for the 1966 School bonds to the amount of ' . .......................$210,000 at 100.032, a net interest cost of 4.- 2847%, as follows: For $56,000 maturing April 15, 1962 to 1965, as 5s, A0,$14,000 maturing April 15, 1966, as -4%s, A &O, $70,000 maturing April Ift1967 to 1971, as 4s, A &Os and $70,OM maturing April 15, 1972 to 1976, as 4%s, A &0. Among the other bidders was: oOW42 6za LAMAR STATE COLLEGE OF TECHNOLOGY (P, O. Besumont, Tex.). -The Federal Housing and Home Finance Agency purchased re- cently, Student Housing Revenue, Se- ries 1956 bonds to the amount of ........... . .. $311,000 as 26'as. A &O. �y Dated Oct. 1, 1956. Due Oct. 1, as follows: $5,00 in 1959 to 1964, $6,000 in 1966 to 1970, V1,0% in 1971 to 1976, $8,000 in 1977 to 1991, $9,000 in 1991 to 1984, $10,000 in 1935 to 1988, $11,- 000 in 1989 to 19911$12,000 in 1992 to 1994, and $13,0004b 1995 and 1996. Bonds maturing in B92 to 1996, are callable in whole ail part in inverse numerical order on ifiy interest date. After said bonds hoe been retired, bonds maturing in a67 to 1991 are callable in whole or part in inverse numerical order at April 1, 1967 through Oct. 1, 191&t 103; such pre- mium to reduce 1% on April 1 every 5 years until 01 is reached on April 1, 1987. Leg4ty approved by McCall, Parkhurst Crowe, Esqs., of Dallas. LAWNDALE S DIST., CAL. (Los Angeles Cou June t -The Security -First Nati 1 Bank of Los Angeles was the. s sful bidder for the 934 -year (avetie) B u i l d i n g (Election 1954, Seriq E) bonds to the amount of $18,000 as 44is, J &J, at 1#305, a basis o? 4.73%. The next highs -filer was: Bank of Ame t. & S. A., San Francisco, Levy & Williams, and Stone Dgberg, jointly, For 5s ...................100.27 LEE CO., FLA.. 3PECIAL TAX SCH. DIST. No. 1 (P.D. Fort Myers), June 4. -A syndicab composed of Messrs. B. J. Van Ingn & Co., John Nuveen & Co., the Ttst Company of Georgia, Atlanta, Lady, Wheeler & Alleman, Inc., Strartban, Harris & Co., and Stubbs, Stpi$ & Lombardo, Inc., was the succeafs bidder for the School Building bon to the amount ... $1,500,000 41 100.0103, a net iterest cost of 4.2637%,, as follows: For $233,000 maturtg May 1, 1958 to 1962, as 5s, MAill $288,000 ma- turing May 1, 1 1967, as 4Y2s, M &N, and $979,000 turfingg 'May 1, 1968 to 1979, as 4•-01 MU The only other biddt was: White, Weld & Co.,Salomon Bros. & Hutzler, Piece, Cason, Wulbern, Inc., Goodbody & Co.Jnterstate Se- � J 2460 THE bA1LY BOND BUYER JuRe 6, 1957 _curitinc. Corp. eill(�oent A..E9'ans &Salomon - Co , Inc., Be]I ough,. andAWhomas Bros. & Hutzier: Issue CXXXV, 6'/e -mo$. SCRANTON, PA., June 5.—Messrs. the Sewerage Improvement bonds to I . M Cook & Co, jointly, at 2.505, plus $333.00. $13,067,000 J. B. Hanauer & Co.; and Lebenthal the amount of .. .. $220,000 For 5s, 4%s and 4.20x...... — Issue CXXXVI, 6 -mos.. . 1,120,000 & Co., jointly, were the successful bidders for the 7% -year (average) i at a net interest cost of 4.0508 %. The only other bidder was: (Net interest cost 4.27%. -) at 2.50 %, plus $27.00. C J General Obligation Improvement and United States National LOS ANGELES, CAL., June 5.= The First Boston Corp., and Messrs. Drexel &" Co.,'and Associates, were the successful Udders for the Depart- ment of Water and Power, Electric Plant Revenue`.Issue -1957 bonds to the amount of ....$15,000,000 ata basis costof 3.8842 %. Other bidders were - Glore, Forgas & Co., C J Devine & -Co. (Co nunagers), slid ,Asso- ciates ..................... .(Basis cost L89%.). - Harriman Miley & Co.., Lehinac Brothers (Co-nanagers), and Asso= ciates (Basis coat L91%.) LOW-ELL JT�CH. DIST., CAL. (Los Angeles Orange Counties), June 4. -1'ue Security- 11'irst National Bank pf Los Angeles -was the success- ful bidder for the 10% -year (aver - gge) Building bonds to tbe. �amq�o�unt as 41hs "Jl&J ,LFiDtl.042 a 6'ts of 4.24% .:: ,. Among -5e dher bidders were: For iyo% Bonds - Blyth & Co Inc. .. - .101.73 Taylor & Co..: ............... 100.84 Bank of AmvicaW. T. & S. A., San Francisco, Weeden & Co., Merrill' Lynch; Pierce,unner & Beane, H. E. Work & Co., Lawson, Levy & Wil Aiamis,-$tone &Youngberg, and C. N. - White 4 Co., jintly .........100.279 MERCED CfY SCH. D18T4 CAL.. . (Merced. Count), -June 4. —The First' Western Bank & - ::Trust Co., of San Francisco, waithe successful bidder for the School&ries B bonds to the amount of ........... .. .... $5509000 at 100.0189 a -et interest . cost of 4.. 0916%, as folloc: For $220,000naturing July 1, 1958 to 1967, as 5sJ &J, .$88,000 maturing - July 1, 1968 +. 9.71, as 4%s, J&J, $198,000 mat' July 1, 1972 to .1980, as 41/s &J, and $44,000 ma- Auring. July lIP81 and 1982, as 1%s, JA& Among the her bidders were: California. irk, Los Angeles,ld Associates.. — (Net intern cost 4.1317%) Bank of Arica N. T. & S. A., San - Francisc Blyth & Co., Inc„ Weeden. & C Dean Witter & Co., Merrill Ly Pierce, : Fenner & Beane, J. Ba Co., Wm. R:-Staata & Co., La Levy & Williams, Stone &You g, Irving Lundborg & Co., H. E. & Co., and C. N. White & C0.;joi Fos 5s, 4ssnd' ...100.003 (Net inter- cos 16899.) Crocker -Argo National Bank, San Francisco, and Asagetes . (Net .inter$ cost 4192.) American lust Co., San F'ralisco, and Associate .............. — (Net intent cost 4.29%.) The above ipersedes the report in our issue of'ane. 5. MYRTLE SEEK, ORE.—W4 are advised thathe 16 -year (average) Water bon' to the .amount of .. .... ..$275,000 offered on N 14, were not sold. The bondatre being reoffered on June 18, aaspoited in another col. umn of thishlf-- OAetal et to Tm: BOND Buyn NEW YO CITY HOUSING AU- THORITY, June 4. —We are of- ficially Advil that the Temporary Loan notes gregating $17,687,007 .,ere airardlas follows: Devine & Co.: Judgment Funding bonds to the Bank, Portland — Issue. CXXXV, 61/6 -mos. 3,500,000 amount of . - ...$250,00011111 (Net interest cost 4 0457.) at 2.4575. Be 41ks, J &J, at 100.29, a basis of GENEVA GATENS, 4:21%. City Recorder:. 0150181 T Report to Tax BOND H., The next highest bidder was: N O R T e 3.I L L a MI CH., SCH. DeHaven & .Townsend, Crouter & DIST., June 3. —The Manufacturers National Bank, of Detroit, was the Bodine, Schaffer, Necker & Co., successful and only bidder for tae 11- Schmidt, Poole, Roberts & Parke, months Tax Anticipation notes to the Singer, Deane & Scribner, Arthurs, amount of ....... 5...- $50,000, Lestrange & Co., and Fauset, Steele at 2.99;1. & Co., jointly, �- - - ROBERT H. SHAFER, I For 414s .. ............100.26 Secretary Board of Education. Offi.lal Report to THE Bomb ROYER i. OKMULGEE CO., OKLA., IND. SCH. DIST. No. I (P. O. Okmulgee), June 4: —The Central National Bank, of Okmulgee, and Associates, were the successful bidders for the Build- ing and Site bonds to the amount of $316,000 at a net interest cost of13.257 %. The next highest bidder was: Harrold & Co., and H. I. Josey & Co., jointly... — (Net interest coRt 3.28 %.). SHELBYVILLE, IND., SCH. CITY, June 4. —The Harris Trust & Savings Bank, of Chicago, was the successful bidder for the 6Y,.year (average) School Building bonds to the amount of ...$300,000 as 3s, J &J, at 100.129, a basis of 2:97.4. Among the other bidders were': For 3%% Bonds - City Securities Corp.... - ..100.45 First National Bank, Chicago ....100.307 ELDON HUTCHINSON, TACOMA, WASH.—ln connection Clerk Board of Education. ith th 1 f th 5 0 000 omcaa Report to THE Be= B't rxe ONTARIO, ORE., June 3.—Th First National Bank, of Portland was the successful bidder for the 51A- year - (average) Gener-j#ll Obligation Street Improvement Wilds to the amount of ...........'.....$115,000 (Rate. and price not stated.) The next highest bidder was: United' States National Bank, Portland ... -.... . J. F. COOPER, City Recorder. RANCOCAS VALLEY REGIONAL HIGH SCHOOL DISTRICT, N. J. (P. O. Mount Holly), June 4.— Messrs. B. J. Van Ingen & Co., the Fidelity Union Trust Co., of Newark (Co- managers), Boland, Sa(fin & Co., and Hornblower & Weeks, jointly, were the - successful bidders for the 101h- year (average) School bonds to the amount of $1,200,000 as 4%s,J &D, at 100.069, a basis of 4.616%. The only other bidder was: National State Bank, Newark, Ira Haupt & Co., Roosevelt& Cross, Van Deventer Brothers, Inc., F. R. Cole &' Co.,' and Schmidt, Poole, Roberts & Parke, jointly, . For $1,198,000, as d;$s...... 100.206. RED BLUFF UNION HIGH SCH. DIST., CAL. (Tehama County), June 3. — The Bank of America N., T. & S. A., of San Francisco, was the suc- cessful bidder for the School Building bonds to the amount of . - $6609000 as 5s, 41'4s, 3%s and 4s, at 100.001, a. net interest cost of 4.078 %. f Omctal Report to Tax goNO eyes RICE CO., MINN., HOSPITAL DIST. No. I (P. O. FaribauIt), June �4.—The Northwestern National Bank, of Minneapolis, and Associates, were the successful.. and only bidders for the 4% -year (average) Hospital bonds to the amount of ..... $660,000 (Rate and price not stated.) - CLEM L. MCCARTHY, County Auditor.' SAN MARCOS, TEX. — Messrs. Russ & Co purchased recently, Fire Station and Equipment Refunding, Se- ries 1957 bonds to the amount of ..$85,000 Dated Jan 1 1957. Due Jan. 1, as follows: $5,000 in. 1963 to 1973, and $10,000 in 1972 to 1975 Legality ap- proved by Gibson, Spence & Gibson, Esgs., of Austin. - wi a see o e $ 00, Light and Power Revenue 1957 bonds to e the syndicate headed by Messrs. Blyth & Co., Inc., at 98.007, a net interest cost of 4.2910 %, report of which ap- peared in our issue of June 5, we are now advised the following bids were also submitted: Halsey, Stuart & Co., Inc., and John Nuveen & Co. (Co- Managers), C. J. Devine & Co., Ira Haupt & Co., First of Michigan Corporation, W. H. Mor- ton & Co., Inc., Rauscher, Pierce & Co., Inc., Robinson - Humphrey Co., Inc., Mullaney, Wells &. Co., Julien Collins- &' Co., First Cleveland Corp., G. C. Haas & Co., Ryan, - Sutherland & Co.', ' Grande - & Co., Harold H. . Huston &' Co., -Van Alstyne, Noel & Co., Thomas & Co., Robert N. Tuller Co., Channer Securities Co., Badgley, Frederick & Rogers, Inc., and Weil,. Roth & Irving Co., jointly, For 6s, 4.10s, 4%s and 4.30x.98.027 (Net interest cost 4.3814 %.) First Boston Corp„ Smith, Barney & Co., Harriman Ripley & Co., Inc., White, Weld & Co., Carl M. Loeb, Rhoades & Co., Clark, Dodge & Co., Bache. & Co., Francis I. duPont & Co., Wood, Struthers & Co., Tucker, An- thony & R. L. Day, E. F. Hutton & Co., McDonald & Co., Bramhall & Stein, and Byrd Brothers, jointly, For 411 /as and 4.40s- ......... 98.131 (Net interest cost 4.4221 %.) Eastman Dillon, Union Securities & Co., Goldman, Sachs & Co., Paine, Webber, Jackson & Curtis, R. W. Pressprich & Co., Hornblower & Weeks, Equitable Securities Corpo- ration, Bear, Stearns & Co., Foster & Marshall, Roosevelt & Cross, Stern Brothers & Co., Chas. E. Weigold & Co., Inc., Geo. B. Gibbons & Co., Inc., R. D. White & Co., Andrews & Wells, Inc., Rand & Co., Barret, Fitch, North & Co., June S. Jones & Co., Raffens- perger, Hughes & Co., McDougal and Condon, Inc., and John Small &' Co., Inc., jointly, For 4s, 414s, 4.30s, 4.40s and 4%s .. — (Net interest cost 4.5206 %.) THORNBURY, ONT., May 23.— Messrs. J. L. Graham & Co., Ltd, were the successful bidders for 65, J &J, 10- year (average) Improvement bonds to the amount of . ..$45,000 Due July 1, 1958 to 1977. Official Report to THE BOND BUYER TILLAMOOK CITY, ORE., June 3. —The First National Bank, of Port- land, was the successful bidder for Official Report to THE BOND Bb YEP UNION CO., ORE., SCH. DIST. No. 5 (P. O. Union), June 3. —The First National Bank, of Portland, was the successsful bidder for the Building bonds to the amount of ....$150,000 at a net interest cost of 4.20 %. ORETA BAXTER, District Clerk. UNION SCH. DIST., CAL. (River. side County), June 3. —The Bank of America N. T. & S. A., of San Fran- cisco, Messrs. Dean Witter' &' Co., Stone & Youngberg, and C. N. White & Co., jointly, were the successful bidders for the Building, Election - 1957 bonds to the a m o u n t of ....... ..$187,000 at 100.11, a net interest cost of 4.. 4934%, as follows: For $65,000 maturing July 1, 1958 to 1968, as 5s, J &J, $60,000 maturing July 1, 1969 to 1974, as 4%s, J&J, and $62,000 maturing July 1, 1976 to 1981, as 4%s, J&J. Among the other bidders was: Security -First National Bank of Los Angeles — (Net interest cost 4.63 7:) - VAL VERDE CO., TEX. (P. 0. Dtl Rio): -The First of Texas Coroora- tion purchased recently., Permanent Improvement Refunding, Series 1957 bonds to the amount of ,.$225;000 as 33/is, M &S. - Dated March 1, 1957. Due March'.', as follows: $8,000 in 1958 and 1959, $9,000 in 1960, $10,000 in 1961 and 1962, $11,000 in 1963 and 1964, $12,- 000 in 1965 to 1967, $13,000 in "1968 to 1972,. $14,000 in 1973 to 1975, and .$15,000 in 1976. Principal and inter- est- payable at the State Treasurer's office. Legality approved by .Gibson, Spence & Gibson, Esgs., of Austin. VIRGINIA BEACH, VA., June 4,— A syndicate headed by Messrs. F. W. Craigie & Co., and Scott, Horner & Co., and consisting of Merrill Lynch, Pierce, Fenner & Beane, Strader & Co., Inc., J. C. Wheat & Co., Mason - Hagan, Inc.,; Investment Corporation of Norfolk, Peoples National Bank, of Charlottesville, Willis, Kenny & Ayres, Inc., Edward.G. Webb & Co., C. F. Cassell & Co., Inc., Wyllie and Thornhill, Mason & Lee, Inc., and, R. H. Brooke & Co., was the successful and only bidder for the following bonds aggregating .....$970,000 as 5s, J &D, at 100.027, a net interest cost of 4.998%: Improvement, 1016 - yr. (avg.) ... ... .... $720,000 Refunding, 11% -yr. (avg.) 250,000 W ELLAND, ONT. —The. Royal Bank of Canada, and Deacon Findley Coyne, Ltd., jointly, purchased recently an issue of 51 /an', J &D, 10 -year (average) Improvement bonds to the amount of .. ................. ...$166,000 at 98.55. Dated June 1, 1957. Due June 1, 1958 to 1977. WILLOUGHBY - EASTLAND CITY SCH. DIST, O., June 5. —A syndicate composed of Messrs. McDonald & Co., Braun, Bosworth & Co., Inc., Hayden, Miller - & Co., the Ohio - Company, Stranahan, Harris & Co., and Ryan, Sutherland & Co., was the high bid- der for the - 1"i -year (average) June 6, 1957 Buiiding brands to the a m o u nt of .. .. ....$2,000,000 as 41 /4s,�J &D,, at 100.63, a basis of 4.14 %. Other bidders were: Fahey, Clark & Co., and Associates, ' For 4Y s. .... .. ...100.60 Harriman Ripley & Co., Inc.ax- ter & Co., , B W. E. Hutton & Co., Cen -. tral Republic Company, Singer, Deane & Scribner, Joseph, Mellen & Miller, Inc., Seasongood & Mayer, Curtiss, House & Co., Pohl & Cc" 'Inc., and H. V. Sattley & Co., Inc., jointly, For 4 .................100.19 021" Report to Tat some in. W 1 N S.LO W. ARIZ., May 29.— Messrs. J. A. Hogle & Co., Bosworth, Sullivan & Co., Inc., the Wachob- Bender Corp., and Kenneth Ellis & Co., jointly, were the successful bid- ders for the Sanitary Sewer Improve- ment, Series of 1957 bonds to the amount of ... ... $400,000 at a net interest cost of 4.08849/. Other bidders were: Refsnes, Ely, Beck & Co., Valley National Bank, Phoenix, Boettcher & Co., and Commerce Trust Co., Kansas City, jointly (Net interest cost 4.10429/.) First National Bank of Arizona, Phoenix, Coughlin .and Co. om Garrett - Brfield & Co., and Zahner and Co., jointly — (Net interest cost 4.24578/..) George K. Baum & Co., Lucas, Eisen and Waeckerle, Inc., and Barret, Fitch, North & Co., jointly .... — (Net interest cost 4.29225/.) FLORENCE ARMSTRONG, City Clerk. WOCDSTOCK, .ONT., SEPARA SCH. BOARD, May 23.—Messrs. J. Graham & Co., Ltd., purchased M &N, 10 -year (average) Improvem bonds to the amount of ...... $61 at 100.05. Due May 15, 1958 to 1977. Bawl Street Journal Ribs Wall Street; Out Today The "Bawl Street Journal," annual lampoon of the financial .community, makes its appearance today, pub- lished by the Bond Club of New York as 'a, feature of the Club's Annual Field Day to be held tomorrow at the Sleepy Hollow (;o'untry Club. Dated Friday, June 7, this year's issue is full of "news," cartoons and advertisements ands will be available this afternoon'at $1 per copy on the lower banking floor of the Bankers Trust Co., 16 Wall Street. Speaking of Government Securities Heppner, Ore City Treasurer La. Verne" Van Matter, Jr. calls for redemption on July 1, Heffner, Ore., Water System bonds Nos. 71 to 75 ine. in the aggre- gate amount of $5,000. Said bonds should be presented for payment at the office of the City Treasurer in Haffner, Ore. Interest ceases on date called. 16 TAk'blAILY BOMD' BUVI& David A. Haley.' Nominated House ., - soup Files President -of Municipal .. Report pII School Bond Club of Booton' Ald• ensure . David A. Haley, of Goldman, Sachs nbDestalto axe �� gprag & Co., has been nominated for presi- rn fit on —The House Committee b' dent o f the Municipal Bond Club of on Education and Labor in filing its Boston, to;succeed.Albert W. Baker, report on the School Aid Bill, which of Smith, Barney' & Co. The election is to come up for a vote soon, declares and annual meeting will be held on that the bond purchases provision is June 21, at the Concord Country Club, to aid "districts with unexplored Concord, Mass. credit standings." Horace C. Sylvester, of Kidder, The explanatory report points out Peabody & Co., has been nominated that Title II of the measure author - for vice - president of the club; John izes the Commissioner of Education W. Abeam, of the Rockland -Atlas to purchase bonds issued by local National Bank of Boston, has been communities' which are unable to ob- named for secretary - treasurer. tain needed financing. In addition to the. above officers, This section is des/ fined to aid areas the Board of Governors consists of: Albert W. Baker, retiring president; where the population has grown rap - Henry R. Flanders, of Harriman idly or populations have shifted as Ripley &.Co., and William G. Hard- a result of industrial changes. The ing, of Coffin & Burr, Inc. Federal Government would be author. New 1nue- $ 5[000,000 2461 /zed, for..the nest ve. years to .buy then obfi°gations. ' On the other hand, a- minority of thei committee quotes - William: M. Adhms VwChairman of thee. Municipal Secdttjp'ibs Committee of the Invest- ment Bankers Association, that -the sale of school bonds is increasing. : The report says that the "rate of bond sales -for the +ifirst quarter of 1967 of $694,581,067f projected on an annual basis, would result in im an. nual rate of school room.conatmation of 132,000 class rooms per. year.'.' . It is added that. "the. 'sales. of school bonds are..ateadily- increasing and have been .for. almost. a year;. in spite of the - promise .of Federal aid." Want to leew♦;itebind "" the pre -sale detail workk era over it0oo municipal issues i7h.ch will'tioiino to market duringtbe nertyear4 $nbecnbe today to..t1l "New Issue Worksheet. &.Record Serv- ice." City of Tacoma, Washington 1957 4% and 41 /solo Light and Power Bonds of. 1"7 (Payable solely from Net Revenues of the Electric system) Dated July 1, 1957 Due January 1, as shown beltm Bonds maturing on and after January 1, 1968 are subject to redemption after January 1, 1967, in whole at any time or in part, by lot in inverse order of maturity, on any interest payment date, at . 104oJa and at decreasing premiums at certain intervals thereafter. Prineipal and semi- annual interest (January 7 and July I) payable in Taeoma, Washington, or in New Yak, New, York. Coupon bands in the denomination' qJ $1;000, registerable as to prinepal _ only, or as to bath prineipal and interest. Interest exempt, in the opinion of counsel, from Federal Income Tares under existing statutes, regulations and court decisions. TREsE.BoxDS, will constitute, in the opinion of counsel, valid and legally binding obligations . of the City of Tacoma, Washington, payable solely out of the revenues of the electric gene plant and system and electric power and light transmission and distribution. system of said 4y, subject to prior charges payable out of.said;revenues; term Amount Rate Due Yterd Amount Rate Due or Rtes, $25,000 4% 1959 3.15% $ 75,000 4 %D 1967 3.950/4 25,000 4 1960 3.30 200,000 4 1968 -69 100 25;000 4 1961 3.40 300,000 4 1970 -71 4.05 25,000 4.. 1%2 3.50 400,000 4 1992 -73 4.10 1. 50,000_ 4 3.60 550,000 4 1974 -75 4.15 50,000 4 1964 3.70 900,000 41/4 1976-78 4.20 75,000, 4 .1965 3.80 21225;000 41/4 1979-83 1, 75,000 4 1966 3.90 (Accrued interest to be added)' These Bands are offered when as and'if isiued and reeeived by us, . subjeet toprior sale and approval of ity b7 Messrs. Wood, King & Dawson, New,; York N. Y. This is not an offer to sell these sceurities, sa _ offning is made only by means of the 64iial Statement, espies of wieh' may be obtained from sueh of the undersigned as are registered dealers in this State. Blyth & -Co., Inc. Blair & Co. Phelps; Fenn &Co. Glore,Forgan&Co. B.J.Vaningen &Co.lnc. A. C. Allyn and . - - Incorpon Dean Witter & Co. Estabrook & Co. . V.eeden & Co. J. C. Bradt incorporated Me ter & Company ' Pacific Northwest Company Townsend, Dabney t McLean & Company L. V. Hauser_ Company McDonald -Mt Stifel, Nicolaus & Company Stranaban, Harris & Compa Incorporated r 246E T4M '*A1LY .1 The MUN- fEAPAL MARKET -A DAILY. SUMMARY There quotwims are for rOmd pposmas raiber thmr odd lots. Tbey spd. other isms is this IM, we hweo4e4 for 8e+erd information only, and Rot leverdnwg psnposes. In some carer they yit. &Jww the trend of the market rather than specific rdaes. We believe they are aWaie but, do not guaranee them. The lift it subject to change: $ 95.5 Housings$ ....z .......... $ 7.4 6/ 4 $ 7.6 $ 23.1 $ 1.1 BOND BUYERS 20 -Bond Index 5/29 3.35% 5/23 3.30% 3.35% 2.96% Dealers' Day's Change 1957 2.81% . June 5, 1957, 8:00 p. m. Bid Asked in bid High (Bid) Low Cal. Toll Br. Au4 836.'92... 86 90 ..... ' 96; 86 Chicago Trans. 1%'73. ....... 77% 79% .....�. �. � 85% 771/2 Fla. Tnpke Auth 3% '95..... 83% 85 ..... 92K 82 Grant Co.,Wash.,PUD 283%'05 94% .65% - % 100: 93 111. Toll Rd. Com 332 '95..... 84% 854 - % 90? 82 Iadiaaa Toil Rd. Com. 3% '94. 83 84 - % 92% 82 'Jar>uanaliq EYp. Auth. 4% 192 93 '94 - 32 ML .023'2 Kansas Tnpke 'Asth. 3%'94... 76 77 - 1/a 8 71 ]Kentucky: Tnpke 3A0 '94..... 86% 88% 91 81 Mackinac Br. AUUL 4 '94...... 92% 94% - . 984 87 Maine Tnpke Auih. 4 '89..... 88 90 ..... 971/2 88 Mass. Tapke Aum-9.30 '94 ... 86% 88 ..... 9035 81 Memphis; Tenn. L40 '92...... 10414 105% - 35 10732 100 N. J..Tnpke Auth -3y% 94 95.% ..... 9932 91% New Tork -Oity 3'80......... .:.951/2 96% ..... 98% 91 NYS Pole. Auth,3.20.'95..... 87 88 - 1/, 97 86 NYS Th. Auth. 340'94........ 6324 94% ..... 98% 91% Ohio Tnpke Autb:.83/s '92..... 8r}- 86 - 35 92% 82 Penn Tnpke 3.10% ......... 8232 83% - 1/4 931/, 81 Port Authority 3.4617....... 94% 951/, ..... 100: 93% Rich'd- PePsb'g T.A IkA.45196 82 83% ..... 91 � 81 Tex. Tnpke Auth. 2%'Ni ... . 77 80 ..... 84% 77 Virginia Toll 3 '94........ �.. 89 91 }1 92% 88 West Va. Tnpke 332 '89._.,,, 50% 52% - 1/2. 59 50% West Va. Tnpke 41/2 '89.:.... 55 57 ...:... 63- 541/2 U. S. Trens. 236 11/15/61•. 95. 95.4 }.2 96.22 94.23 U. S..Treas.2% 12/15/72/67_.88,8 88,12 }.6 92.20 87.20 U. S. Trees. 3 . 2/15/95'... 90,26 91.2 }.8 95.22 90.8 U. S. Trees. 31/2 $F15/83/78" 96. 96.8 t•8 100.18 95.24 BOND BUYER'S 30 -' 703,000 605,000 day Visible Supply ft $190.2 61 4 $205.7 .$513.6 $190.2 Blue List: 4,583,000 Municipalel....... .....•• $226.6 6/ 4 $232.0 $298.2 $ 95.5 Housings$ ....z .......... $ 7.4 6/ 4 $ 7.6 $ 23.1 $ 1.1 BOND BUYERS 20 -Bond Index 5/29 3.35% 5/23 3.30% 3.35% 2.96% BOND BUYERS 11 -Bond Index 5/29 3.23% 5/23. 3.18% 3.23% 2.81% Bonds in Me* Accountaj.: 5/29 $110.6 5/23 $130.2 §. $175.5 $ 13.0 Numbtr Open Accounts..:: 6/29 121 . 5/23 115 .142 42 $ Figures�'ttea'in millions of dopaea _ Figures'iiSSer decimal are 32nds.�" ' . t The 80-dr period includes issues scheduled for sale' today, and does sot inclub offerings appearing in this issue in our column "Sealed 107,000 In n BIRevls North Dakota ......' ... ..................... § 332,000 1,605,000 MARKETQdsh finarycings generated increased activity in the municipal market yesteriy. but prices generally moved a 'shade easier.: Sights in bidding for cad itof the new issues: were lowered` and:reefferings njor6'attrac- tively pt rAte-to.. good.. investment•-demand. D011arlbonds drifted fractiosly lower an4 long -term U. S. Government obligations edged forward in a lallaijmvoon rally. The $16 #ft Louisiana various Combat and War Veterans Bonus' * **or* * * * * *. * ** 4K +-AL "N.A'RKETS . ON ONE 'K 2.90% of St. Paul, Minn. 2.90% Various Purpose Bonds CALL" * Texas Turnpike * 2.70 %. Bonds due Jan. 1, 1980 * 27/s% Ronda due.'Jan. 1, 1995 +� MABON & COO Sb* re" of ambamw Sol* T Naebee Nar Yon ►W Asaleao 3W& Rasa , .. ... .. 115 WAY Telephone REctor 24820 * NW 6, N Y, 'Teletype NY 1 -202 1♦ SOND BUYER June 6,1957 bonds scheduled for public offering today, the, largest public financing this week, was withdrawn by State officials due to unfavorable market conditions. Three bids were submitted for the $15 million Los Angeles DWAP Electric Revenue bonds due 1958 -87, and a First Boston Corp. group won the issue on a bid showing a basis cost of 3.8842 per cent. The next beat bid by a Glore, Forgan & Co. group showed a. basis cost of 3.89 per cent. Retail orders were still being tabulated up until a late hour, and it was difficult to determine the exact total of sales, but a spokesman for the account indi- cated that about two - thirds of the issue had been spoken for. Albany's new $1,602,000 issue running .serially out to 1977 found ex- cellent demand and the account was virtually cleaned out. A Chase Manhattan Bank group won the bonds on a bi 0 6 June 6. 1957 THE DAILY BOND BUYER 2463 APPROXIMATE DELIVERY DATES Cranston. R. L. Jane 6 Boston, Muse. June 21 Lenoir Co.. N. C.. June 6 Nueees Co.. 'flex.. Nay. Dist No. 1, Dedham. Mass.. June 7 June 23 Cwego. Tiogs. etc.. N. Y., C. S. D. No. Hartford. Conn.. July 1 1. June 10 Tacoma. Wash.. July 2 Gastonia. N. C.. June 10 Youngstown, Ohio, City Sch. Dist, Rockville. Md.. Jane 11 July 8 Wichita, Kan., June 14 Kansas City. Mo., Sch. Diet., July 10 Additional details regarding bond salty will be found elsewhere in t✓<ia inane under 'Results. at Bend Sales.' CALENDAR OF BOND CALLS Official dates fixed for payment of Bonds Called for Redemption as reported to TnE DAmy BoED BuYa Figures in parentheses indicate dates on which complete details appeared. in THE. DAILY Bonin BUTM JUNE 15 Utah State Agrie. College, Utah, (Logan City) (5/16) 3% Student Union Building. Series of March 16, 1951..... JULY 1 Asheville, N. C. (5/31) Refunding. Series 2, dated July 1. 1936 ................ ............................... Aulander. N. C. (5131) Water and Sewer Refunding, dated Jan. 1. 1938 ......... ............................... Bessemer City. Ala. (5/27) Public Imp. and Funding Refund- ing and Sewer Refunding. dated July 1, 1935........... Brevard. N. C. (5/29) Refunding. dated July 1. 1936....... Carteret Co.. N. C. (Beaufort) (5/24), dated July 1. 1937.. Cook Co.. Hl. (Chicago) (5/27) Various 2 %'. 2% %. 8% %. 214% Cook Co.. Ill. (Chicago) (6127) Various 2 %. 214 %. 214 %. 214% and 3%, dated July 1, 1949, 1950. 1952 and 195:3.. Coral Gables. Fla. (5/17) 3%% Refunding. Issue of July 1. 1944 ..... ...... ............................... Deland. Fla. (5/29) 6% -3% Refunding of 1953. dated July 1. 1953 ............. ....... ........................ Diston Island Drainage Dist. Clewiston. Fla. (5/13) 4% Refunding of 1946 and 4% Drainage of 1949.......... Fairbanks, Alaska (5/31) 4%$. Municipal Utilities Revenue.. dated Oct. 1. 1949 ........... ...... ....... Flagler Co.. Fla. (Bunnell) (5/8) Special Tax Sch. Dist No. 2; Refunding. Issue of 1942 ............... Fort Pierce Port Authority, Florida (5/23) Inlet District Refunding bonds issue of 1944......... :..........:... Fulton Co.. Ky. (Hickman) (5/24) 21/4% Road and Bridge Refdg., dated. July 1. 1946 .. .. Graysville. Ala. (5/27) Gas Revenue, dated June 13. 1949 -. Hardin Co.. Ky. (Elizabethtown) (5/24) 2 %. 2Y,% and 3% Hospital, dated Jan. 1. 1952 .......................... Heppner. Ore. (6/6) Water System ....:..........:.:..... Hickman Co.. Ky. (Clinton) (5/24) 41/4% Road. and Bridge Refdg.. dated July 1. 1942 ................... _ _ ..... . Highlands. N. C. (5/27) 4% Electric Light and Power System Refunding. dated July 1; 1938 ... . ... . ... . . . . Imperial Irrigation Dist.. Cal. (5/31) Second Refunding, Series "A" Johnson Co.. Ky. (Paintsville) (5/24) 5% Road and Bridge Refdg.. dated July 1. 1940 .. Ketchikan, Alaska (5/22) Municipal Utility Revenue. Series "B" authorized on June 17, 1953...... Labelle. Fla. (5127) General Refunding. dated July 1. 1942.E Lake Placid. Fla. (3/4) Refunding. Series A and B . Lantana. Fla. (5/29) Refunding and Funding. Issues of 1944 Livingston Co.. Ky. (Smithland) (5/24) 41/2% Road and Bridge Refdg.. dated. Jan. 1. 1944 ............... . ._ Long Beach Sewerage Auth.. Long Beach Tp.. N. J. (Brant Beach) (.5/31) Sewer Revenue, Series T. dated July 1, 1947 .. .......,. Manatee, Fla. (4/26) Refunding, dated July 1. 1938.... ... Manatee Co.. Fla. (Bradenton) (6/3) Palmetto Spec. Tax. Sch. Dist. No. 16, dated July 1. 1943 ............ . Maxton. N. C. (5/27) Refunding, dated July 1. 1936, Series "A" and "B" Miami. Fla. (5/31) 21A% Harbor and Port Facilities Revenue. Series C. dated July 1. 1945... __ ................... 2%% Optional Refunding, Series of 1944 .............. Miami Beach. Fla. (5/31) Parking Revenue, Series of 1960.. Montgomery. Ala. (5/21) The Water Works and Sanitary Sewer Board. Water System Revenue. Second Series. dated Jan. 1. 1953 Philadelphia, Pa. (5/21) 314% Refunding. Second Issue. Series 11MM." dated July 1. 1942 ......... ....:... ..... WERTHEIM ( CO. Mesiien Nerr York Slxk BrrMare NEW YORK Polk C0. Fla. (Bartow) (6/10) -Special Road and Bridge' Dist No. 15. dated. Jan. 1. 1938 ................... Putnam Co., Fla. (Palatka) (5/21) Board of Public luau tion, Refunding dated Jan. 1, 1937 ...............x': .. Wildwood, Fla. (4/24) Refunding Issue, dated 1947,, 7` - .. Winter Haven. Fla. (6127) 424 %. Refunding. dated:-'Jan. 1, 1941 JULY 2 70.000 California (Sacramento) (5/29) San Francisco Harbor Im- provement. dated July 2. 1911 and July 2. 1915....... Los Angeles. Cal. (5/23) Municipal Imp. Dist. No. 35, Refunding, dated July 24, 1939 ....................... JULY 15' Colorado Co.. Tex. (Columbus) (614) Road, 2% and 2Y%ja-ted 4.000 July 15, 1947 ........................ .. Louisiana (Baton Rouge) Institutional Improvement, Series 60.000 'q... dated. July 16, 1952 .. .. ................ter:...... 100.000 AUGUST 1 Franklin. Tex. (11114) Water Revenue. dated Aug. 1, 1951 8.000 17,600 251,000 3,000 322,000 , 1.455.000 Goose Creek. Tex. (5/24) Water Works and Sewer System ..... Revenue, dated Aug. 1. 1945 .............. ........... 105.000 ........ AUGUST 15 50.000 Fort Lauderdale. Fla. (4/3) Utilities Tax Revenue Certil(- cates, dated Aug. 15, 1953 ........................... 150.000 28,000 SEPTEMBER 1 43.000 Beaumont, Tex. (10/25) Water Works Imp. and Extension Revenue. dated Nov. 1. 1947. .. .... 735,000 . , .. _. Fort Lauderdale. Fla. (1/29) Water Works Revenue CertiS- - miss. Series 1952 ............. ............ ... 1,415,000 Harris Co.. Tex.. Water Control and Imp. Dist No. 7 (Bay -: - town) (5/24) Water Works and Sewer System Revenuee,� .. _ ... Series of 1945 and 1945 A. dated March 1. 1945 and 25.000 Sept. 1, 1945 ......... ........:........... 146,000 OCTOBER 1 5,000 Memphis Suburban Utility Diet.. Tenn. (511. 8). Water Works Revenue. dated Oct. 1. 1951 . ........:........ 269.000 APRII, 1. 1958 180,000 Orlando. Fla. (12/21) Sewer Revenue. dated Ap ' . 1948.. 2,659,000 ........ JULY 1. 1968 Chesterfield Co.. Va. (Chesterfield) (4/16. 17) 31/4% Water Revenue. dated July 1. 1951........ : ...... ........... 860.000 ... OCT. 1. 1959 Chesterfield Co.. Va. (Chesterfield) (4/16, 17) 31/4% Water Revenue, dated April 1. 1948 ....... . . .. . ... . .... . .:.. 260.000 OCT, 1. 1960 s'- 27,000 'Florida State Improvement Commission (Jacksonville) ........ (5/23) Jacksonville Expressway Revenue, Series S and T. dated Oct. 1. 1950.. ............................... 000,000 APRIL 1. 1962 8,On0 Tyler, Tex. (5/17) Water and Sewer Revenues, dated April 1.1947 .............. ............................... 67.000 ........ 365.000 NOVEMBER 15, 1963 ...... Liberty. Tex. (1/27) Water and Sewer Revenue, dated Nov. 15. 1945 ... .. YA00 22,000 ' The Chase Manhattan Bank. of New York (as Agent) has eially announced it has sufficient funds on hand for immedia yment 2,517.800 of said bonds at par plus interest to date of. surrender. 6 9 2464 TEH.bAILY BUYER UY:. ER June 6, 19.57 CALENDAR ,-of SEALED BID OPENIN -GS $/13 Lae.Angele.'Cats -Seal and. High Sch. Diets., Cal..... 44,000,000 } Al 5/16 v nai ratttite ale aaLLtnet! io�Nada net red Wand tbnr.,ere bind on �To' Major Bond': Sdieduled. ($750,OW -Up)' ,�ee;mtlenM •,diner to t!. gas new woenuuoa Is ream.va jr,erlafaaal-rawas not ra +ndtaed. t' Official Dates as ed�for Bond Sales Reported to --Not win he �'. THE DAILY BOND BUYER with.Additions and Alterations Each Day Propood N"" otlated Offering (Ratings are obiained'as''of' every Thursday) deVrba .te - "`'- New Irwin Date or Sale tense Ameont Mataeny Oar Isms or Lale — Ratings— Bidding June' 12 'Cowlitz Cc, Wash PUD - - - - DAL& . Moody's S&P'e Details No. 1 ................ $20,000,0001 8/26: -r:' 6/ 6 Ballston, CWUn Park, Etc., ", (Syndicate headed by The First Boston Corporation; Smith, Barney &' N. Y., CenL Sch. Dist. Co., and Foster & Marshall.) No. '.1 __ 1,753,000 Has Bl+ 5/29 6/ 6 Kettering, Ohio, City Sch. Figures in parenthades indicate dated on which detailed information Diet .................... 1.500.000 Bud Bl+ 5/13 splattered in THE DAII.7 Borm Boxsa. 5/. -_6 Port Arthur, Tex., Ind. Seal. • Listings ao marked are new today. _Disk.. .. 2,896,000 A A - 5/29 t - ➢- .... 6/ 6 San Antonio, Tex. (Water THURSDAY JUNE 6 Upper Arlington, 0., noon, E. S. T. Rev.) . - 13,920,000 *As Al 5/22, 24 ' g :.'S/ 6 Travis Fn, Tex., Water Con- � � �- - (5/24) Spec.- Aasmt:, Street and Sewer trol 8wlm Dist. No. 10 800,000 NR 5/21, 31 Ballston, Clifton Park, Charlton & Imp., 5% -yr. avg. (1958 -1967) td�v'^ a - . } Glenville, N,. Y., 11 a. m., E. D. S. T. $147,456 6/ 6 Vermilio Far, "La 'SrL: - (5129) Central Sch. Dist.. No. I, 16l/s- Dists. _ 1,910,000 t $- 5/ 3; 6/3 yr, avg. (1958 -1987) $1,753,000 Vermilion Par., La„ 10 a. m., C. S. 6/10 Fontana Unify Sch. DiaL, T. (513; 6/3) Sch. Dists., 20% -yr.. avg. CIL ... , . - ... 1,100,000 A A 5/ 9,22 Bankers Trust Company, N. Y., 1.30 (1960 -1987) 6/10 Johnson Co., Kan., ' Indian 81,910,000 P. m., E. D. S. T. (5129) IS Lots of Creek Sewer Subdistrict State and Municipal.... - . $1,440,000 Woodland Tp, N 7 8.30 p. m., Nm1 1,055,384 .. .. 6/ 4 E. D. S. T. (5/21). Sch. Dint., 11 -yr. 6 /10 Silver Bow` Co., Mont, 86. Brownsville, Tex., 7.30'p. m., C. S. avg. (1958 -1977) ... .....$100,000 D1aL No. 1 2,459,380 A A 5/14 T. (5121) Various General Obligations 6 /11 Alexandria N Y., Cent, SetL ' $250,000 FRIDAY, JUNE 7 Dist. No 2 .............. 775,000 .. .. 6/ 3 6 /11 Arapahoe Co Colo Cherry Chinook; Monk, 7.30 p. m., M. S. T. Abnont, Mich., 8 p. m., E. S. T. Creek Beal Dist. No 5 .... 756,000 A $ 5/24 (5/15) Water System Improvement (6 /5) Community Sch. Dist. No. 12, 6/11 Cheltenh �T�y._, S h Dist. $270,000 notes, 8 -mos ...... ....$21,800 Auth„ �'tBC db Rev.) 6,390;000 t $ 5/Y9 Edgemont, S. D., 8 p. m., C. S. T. 6 /lI La Salle Co„ HL',' Sch. Dist. Evansville, Ind., 3 p. m., Q. D. S. T. ,No:. 122 ............. 1,100,000 nA $ 5/31.. (5 /31) General Oblig. Water & Sewer, (5122) Municipal Improvement -1957, 6/4 Mercer Co., N. J. .......... 1,635,000 .. 6/ 3 ll% -yr. avg. (1960 - 1977) . $77,000 10% -yr. avg. (1958- 1977) .... .$lb0,000 6 /11 Oyster Bay, N. Y 'Com. Estill Co., Ky., 10 a. m., C. D. S. T. Sch. Dist. No. 20 750,000 6/ 4 (5/29) General Obligation Hospital, Pierce Co., Dist. No 2 0 p. m:, 3 S. T. 6/11 Port of Longview, Wash.... 1,500,000 } A 5/14 ll% -yr. avg. (1959-1977)._$90,000 (5/28) Sch: Dist. No. 320... - 8320:000 6/11 Sarasota Co., Fla., Spec. Pontotoc Co., Okla., 2 p. m., C. S. T. Tax Sch. Dist. No.. 1 .... 2:500,000 Ban Bl+ 5 /10 Grandview Heights, O., noon, E. S. (5/8, 14; 6/3) Ind. Sch. Dist. No. 1, 6 /11 Southington, Conn. 1,871,000 A Al 5/29 T. (5124) Street Spec. Assmt, 6% -yr. 51ni-yr. avg. (1959 -1966) -. $80,000 6 /11 Temple, Tez (Water & avg. (1959 -1968) ............$50,639 Sewer Rev.) ..... 2,300,000 } A 5/29 - Rochester, N. Y., 3 p. m., E. D. S. 6 /12 Arlington Co., Va. ..... 3:200,000 A A 5/29 Hooksett, N. H., 11 a. m., E. D. T. (5/31) Various notes, 8% -mos. 6/12 Iberia Par„ La: S. T. (614) Sch. Dist., 11 -yr. avg. $1,151,500 Cana Sch. ML No 1.... 1,500,000 } Bl+ 4/19 (1958 -1978) .. $210,0001 Delambre Sch. Dist. No. 2 215,000 $ NR 4/19 SATURDAY, JUNE 8 6/12 Lee & Ogle Cos:, Ill - Sch. Huron Valley, Mich., 8 p m., E. S. Dist No. 170. 2,200,000 Aa $ 5/23, 31 T.. (5/28) Sch. Dist. No. 4, Tax Antic- McKean Tp., Pa., 2 p. m, E. D. S. T. 6/12 Ohio (Highway Rev.) 32,000,000 As Al+ 5 /13,15 ipation Notes, 9 -mos. .$70,000 (5 116) General Obligation.... $10:000 6/12 Pittsburgh, Pa ....... 5,200.000. A Al 5/22 Kettering, O., Noon, E. S. T. (5/13) MONDAY, JUNE 10 6/12 Rockland, Mass.. 900,000 .. .. 6/ 4 City Sch. Dist:, 12116 -yr. avg (1958- 6/12 Rushville, Ind. (Electric 1980) .. ..81,500,000 Berlin, N. H., 4 p. m., E. D. S. T. Utility -Rev.) ........... 2,105,000 .. .. 6/ 6 LeFlore Co., Okla., 7.30 p. m., C. S. (615) Temporary Loan notes: 6%- 6/13 Madison Tt6W. J., Sch. DisL 894,000 .. .. 6/ 3 T. (6/3) Dependent Sch. Dist. No. 45, mos. 6/13 San Iliego, iiaL ..........:. 5,000,000 A Al 5/27 535 -Yr. avg: (1959 -1969) ..... $9,000 " � � � � � � " � � ' � - ' � " � ' ' � � $200,000 6/14 Loo (D Po7ytechmc Ineti- Brooklyn, 0, 8 P. m., E. D. S. T. tut4 (Doraitory & Dining Louisiana: 11 a. m., C. S. T. (5/13, (5/24) Various, 5l/e -yr. avg. (1958 - Hal Rev.)!... . .... 1,575,000 NR NR 5/29 15) Veterans' Bonus, 814 -yr. avg. 1967) ... ... .. .....$80,500 6/17 HenntPln C4 Minn Ind. (1964 -1967) ...... .$16,000,000 Sck Dlst . 205. .. 1,020,000 Bas Bl+ 5/28 Chancellor, S. D, 2 p. m., C. S. T. 6/17 RoaeWrg, O 850,000 .. .. 6/ 4,5 Manhattan, Kan., 2 p. m, C. S. T. (6/5) Waterworks and Sewer, Series 6/18 Brand? Jt Sch. y t, g- wine (6/4) City Sch. Dist, 10% -yr. av ,1957, 11'Fi -yr.. avg. (1970 -1977) Autl, Pa. r(S Lev ).... 3 :740,000 6/ 5 (1958 -1977) .. .. .- $190,000 $65,000 6 /18 Indep,. N e, .. 2,143,000 .. .. 6/ 4 McMullen Co., Tex., 8 p. m., C. S. T. Duluth, Minn., 7.30 p. m., C. D. 6 /IS Indepadence, Mo.. ctric (6/4) Rural High Sch. Dist., 193, -yr. S. T. (5/28) Certificates of Indebted. Ltzi Rev) . 8,000,000 NR A 5/31 6 /18 Multnmah Co., Ore. _ 1,500,000 As Al 5/31;6/3 avg. (1958 -1987) .........$300,000 sass: 3l/z -yr. avg. (.1959 -1962) 6 /18 Nort!'Swtt Commomty $300,000 Din, la t ... 1,100,000 } $ - 5/22 Murfreesboro, Tenn., 7.30 p. m., 6/18 St: finis Co_ . .Ind. C_ S. T. (5/28) Electric System Reve- Charlotte, Mich., 8 p m., E. S. T. Sct Dist Na 13 1,414$00 } $ 5/23 nue, Series C, 4 -yr. avg.. (:1959 -1963) (6/4) Various, 17 yr. avg. (1957- 6/19 Oak :'a* (City) & Royal 8150.000 1986) .. ... ....$485,000 Oal & Southfield (Tps.), Pine Tree, Tex., Ind. Sch. Dist., Farmington, Mich., 8 p. m., E. S. T. Mii., Sch. Dial 1,000,000 .. .. 6/ 4 7.30 p. m., C. S. T. (6/5) Unlimited (615) Tax Anticipation notes, 8 -mos. 6/24 Higlpnd Park, IR .. 1,780,000 .. .6/ 5 Tax, 93'9. -yr. avg. (1958 -1972) $100,000 6/24 LittLl� Ark.. 1,295,000 _ .. 6/ 4 $550,000 6/26 Gitt;q elghte Lrrlgation' I Flint, Mich., 3 p. in., E S. (5/2Z) rDrila RL 750,000 6/ 5 • Port Arthur, Tex 2 p.. m C. S. T. Various Special Assessment, '42A -yr. 6/26 Fa" Co.. Va... - 4,000,000 Baa Bl+ 4/ 5 (5/29) Ind... Sch. Dist, .1135 yr. avg. avg.. (1958 -1966) ... ...:. $320,000 6/26 Eastlaton Reeage Par (1958 -1977) .....$2,896,000 Co Sch. Dial -No I •40,000,000 ' 6/ 3, 4 Fontana Unified Sch: Dist, Cal., n - Quogue, N. Y., 3 p. m., E. D.S. T. 11 a. m, Cal. D. S. T. 6/26 I:od, i State University . (19 &- School ". &agricultural& Meehan.. ,.. ,,. .. ": (5/27): -,File House — 1957, 8%-yr. Building,. 10%-Yr. -avg. (1958' - 1977) io College (Bldg. Rev) .`' 500,000 avg:'. (1958 -1977) ...$218500 6/ 5 _ - $1,100,000, :6/26 Or CW Ore. 900,000 A A, 5/31 San Antonio, Tex„ 10. a m C -S. - he Par La Water orest Grove, Ore. $ m <.F S T. 6/27' T. (5/22, 24) Water Revenue 1Bq F No 1 1.875,000 . ,. } $.. _ 5/17 52-yr Improvement, vg. coast Serves A -1957,8,931 -. yr. _avg (1966 -1984) :. $13 X20 000 ( ov 900000 � i 5'/9. yr. avg (1958 -1967) -. $16,931 ; !// 1 e n or, a, $ospital ^ TFAvla Ca. "Tex., 730 T. . C. S 'T: #• Ft9iticho Mir"., .2 p tia, .E:' D: S.• ice Dist No. 1. ' 1,500,000 ` .. t, - (5(21, 91) Water Control and Imp. T. (675)- Addl`tional: Watt�r Supply h/23 M. kee Wis. (Water Dist. No. 10, 23 -yr. avg. (2963 -1990) notes, 6U -yr. avg. (1958 -1969) }- .- . -.. .. • • June 6, 1957 THE DAILY BOND BUYER - 2465 Fresno Co., Cal.,*8 p in. ; Cal. D... S. Billings, Mont., 7.30 p. m., M. S. T. North Providence, R 1; 11,a. m., T. (6/4) Calwa Park Recreation, and (5/23). Special Improvement Dis- E. -D. S. T. (6/5,6) Various, 9 -yr. Parkway Dist., 11 -yr. avg,- (1959- trict's .. .... $12;400 avg. -1977) .. ... $300,000 1977) .$275,000 Harper Woods, Mich 8 p m., E. S. Cheltenham Township School -Dig- trict Authority, Pa.; 8 p.m. E D. B. T. ,(1958 Norwalk -La Mirada City -Sch. Dist., Dist., T;- (5/29) Various 18 %.yr, avg. (5/29). School Revenue -1957, 2N, Cal, Cal., 9-a, m., Cal. D:d T. (6/20)) . S: T. (..-$100;000 (1960.1987) ............... $590000 yr.. avg. (1958- 1991).. ... .$6,390,000 (1958-1977) Johnson Co Kan.; f0 a imiG S T . Chisholoi Minn, 7.30 p. m., C. D. Orange Glen Sch. Dist.; Cal.; -10.30 (6/�4) Indian Creek Sewer Subdistrict S. T:.(5 /28) General Oblig. Permanent a. m:, Cal. D. S. T. (5/29) °Building, Noy .l, 10% -yr. avg.''. (1958 -1977) Imp., 8% -yr. avg., (1959 - 1972) 15 -yr... avg. (1958 -1982) .,...$34,000 ' $1;055,384 $415,000 .. *Kaizer Water District, Ore., 5 - Cincinnati, O 1 p. Vim., E D S. T. Oyster Bay, N. Y 1 p. `m:, E. D. p. in., P. S. T. (6/6) General Obli- (5/28).. (Housing Authority) Prelim. S T. (6/4) Common Sch. Dist. 'No. gation, 17% -yr. avg. (1960 - 1985)_ inary Loan notes (Fifth Series "A") 1 20, 16% -yr. avg. (1958- 1987):$750,000 $550;000 11%-Mos. . _ . .... ..... $3,358,000 (6/4) School Building Revenue, 181 /a- S. T. (6/3) Street Construction 51/2 - yr. avg. (1958 -1986) ....:....$600,000 Port of Longview, Wash.; 8 P, *m., La Crescent, Minn., 8.30 p. m., C. Cranford Tj.,.X. J" S p. m., E. D. P. S. T. (5/14), General Oliligatio D. S. T. (5/28) Improvement of 1957, S. T. (5/23) School, 12% -yr. avg. 6% -yr. avg. (1959 -1967) ...$1,500,000 First Series, 6-yr. avg. (1959 -1968) (1958 -1981) ... .. ... ...$240,000 . - $90,000 Delaware County Redevelopment East Baton Rouge%�Par„ Providence Redevelopment Agency, 'Lake. Tahoe Unified Sch. Dist, Cal., Authority, Pa., 1 p. m., E. D. S. T. R. L, 1 p. m., E. D. S. T. (5/28) Pre- liminary Loan Notes (Fifth Series), 11' a. m., Cal. D. S. T..(5/29) Bldg., (5/28) Preliminary Loan .notes (Sec- "A "), 12% -mos . ....... . ..........$606,000 13% -yr. avg. (1958 - 1981)...$525;000 and Series 6%-mos.. . .$320,000 725,000 Lawrence, Ind., 6.30 p. in., C. S. T. Detroit, Mich., 10 a. m., E. S. T. St. Louis Land Clearance for Re- (5/22; 6/3) Municipal -1957, 4% -yr. (6/5) Board of Education notes, 2%- development Authority, Mo., 1 p. m., avg. (1958 -1965) .. .......$145;000 mos ......... ...:......$7,500,000 E. D. S. T. (5/28). Preliminary Loan 430,000 Waynesboro, Miss., 7%- notes (Sixth Series "A "), 6% -mos. Livonia, Mich., 7.30 p... m., E. S. T. Detroit, Mich., 10 a. m., E. S. T. $1,729,060 (5/15) Street Improvement -1957, (6/3) Tax .Anticipation notes 726,000 Special Assessment g• 7%-yr. avg. Y $5,475,000 Sarasota Co" Fla., 10 a m•, E. S. T. (1958 -1971) ..$90,000 Fullerton. Sch. Dist Cal 11 a. m., (5/10). Special Tax Sch Dist. No. 1, ' Manistee, Mich., 8 p. m., E. S. T..Cal D. S. T. (5/24) Bldg, 14% -yr. 13 -yr. avg. (1960.1977) ..$2,500,000 (6/5) Sch. Dist. notes, 8-mos. $80,000 avg (1958 -1982) .. $635,000 Southington, Conn., 2 p. in., Mount Tp., N. J., 8 Gallatin Housing Authority, 10 r. S. T. (5/29) School and Water, 10 -yr, Olive P. m., E. D. S. T. (5/29) Sch Dist., 10% -yr. many 1 p. m., E. D. S. T. (6/28) Preliminary Loan notes, 1%-yr... . ....... $661,000 avg... (1958 -1977) ........ .$1,871,000 avg. (1957 -1976) .,....$222,000 Garden City Mich., 8 p. m., E. S. T. Tangipahoa Par., La" 10 a. m., C. S. Navajo Co., Ariz., 11 a. m., M. S. (6/5) Sch. Dist. notes, 7 -mos. T. (5/22; 6/4) Sch. Dists., 11% -yr. T. (1/i /8) Sch. Dist. No. 10, 5% -yr. $150,000 avg. (1958 -1977) ......:$404,000 avg. (1958 -1967) .. .......$32,000 Grand. Ledge, Mich., 8 m., E. S. g P• Temple, p. C. S. T. Owensboro, Ky., 2 p. m., C. S. T. T. (6/5) Public Schools Dist. notes, ter Works Se (6/29) Water Works..& Sewer Rev - (6/4) School Building Revenue, 16%- 9-mos. ....... ...$50,000 enue, 181 /4 -yr. avg. (1958 -1987) yr. avg: (1958 -1981) .........$350,000 Hennepin Co., Minn., 8 p. m., C. D. $2,300,000 Palo Alto, Cal., 3.30 p. m., Cal. S. T. (5/16) Ind. Con. Sch. Dist. No. Toledo, O., noon, E. S. T. (5/22) D. S. T. (6/4) University Avenue. Dis- 43, 19 -yr. avg. (1960.1987)..$400,000,. Sidewalk' I 1/s/ 110SQ. trict Parking- 1957 -First Division Revenue, 18% -yr. avg. (1958 -1987) Huntsville Housing Authority, Ala., $450,000 1 p. m., E. D. S. T. (5 /28) Preliminary Loan notes (Second Series "A ") I%- Pierce Tp., Ind., 1 p. m., C. S. T. yr . ......... . . .......... $825,000 5/24 Sch d Civil Tps 745 r e mp., s -yr. avg. 1959) ......... . Union City Housing Ac Tenn., 1 p. m., E. D. S T. (5/1 ( ) c . an rv1 -y . liminary Loan. notes (Sixth avg. (1958 -1971) .. ......$40,000 Independence, O., noon, E. D. S. T. "A "), 12% -mos. .. ......$418,000 (5/24) Water Main, 6% -yr. avg. Poison, Mont.; 7.30 p. m., M. S. T. (1958- 1967) ... .::$56,375. Washington Par., La„ 10 a. m., (5/20) Spec: Imp. Dist. No. 19 $10,000 Keppel Union Sch. Diet, Cal, 9 C. S. T. (5/17) School, 11% -yr. avg. Rawson, O., 8 p. m., E. S. T. (5/27) a. m., Cal. D. S. T. (6117) Building (1958- 1977) ......... ., $120,000 Water Works Revenue, 61/2 -yr. avg. (Election 1957, Series A),.9 -yr. avg: Wood- Lynne, N. J., 8 p. m., E. D. (1959 -1968) ..........$10,000 (1958 -1974) ... ..$85,000 S. T. (5/27) Sch. Dist., 10 -yr. avg. (1958 -1976) ..,..............$95,000 St. Petersburg Beach, Fla., 8 p. m., La Salle Co., Ill., 7.30 p. m., C. D. E. S. T. (5/28; 29) City Hall and Audi- S. T. (5/31) Sch. Dist. No. 122, 10%- torium, 19%/ yr.. avg. (1958 -1987) yr. avg, (1968 -1976) .....,.$1,100,000 $350;000 Lewis Tp., Ia., 8 p. m., C. S. T. '- Silver Bow Co., Mont., 8 p. m., M. D. ( 5/31) Sch.- Dist. ........... $165,000 S. T.'(5/14) Sch. Dist No. 1 $2,459,380lprovement, Liberty, Tex. (5/23) Street Im- mos `:... .. .. 8 % -yr. avg. (1959 -1972) West Riverside Sch. Dist., 'Cal., 11 $100,000 a. m•, Cal. D. S. T.' (5/29) School Building Election. Meadville. Pa., 8 p. m., E. D. S. T. (1958 -1973) ...;- ...$45,000 3) .... .1/3; 5,000 (6/5) Water General Obligation, 10Y2- Manchester"Ga., 7%-mos. yr. avg. (1958- 1982).........$350,000 yr. Woodbine N J., 8 p m E. D. S. T. (5/23) Municipal Bldg 6% -yr. avg. ' Media, Pa., 8 p m E. D. S. T. (1968 -1969) ..:.. ...$12,000 (5/17) Sch. Dist 8% yr avg. (19500 .............. . .. 1977) .... TUESDAY, JUNE 11 Mercer Co., N. J., 2 p. m., E. D. S. Alexandria; N. Y 3 p. in., E. D.-T. (6/3) Improvement, 8% -yr. avg. S. T. (61/3) Central Sch Dist. No. 2, (1968 -1972) ........ .$1,635,000 149'4 -Yr. -avg. (19581986)..$755,000 Montgomery Housing Authority, Arapahoe Co., Colo., 8 p. m., M. S.+AIa:, 1 P. m., E. D. S. T. (5/28) Pre - T. (6124) Cherry Creek Sch: Dist No, liminary Loan notes, 1%- yr..$776,000 5, 12 -yr., avg. (1960.1977)..$750,000 Newport, Ky., 9 a. m., E. S. T. Arlington, Mass-, 11 a. m., E. D. (6/4) School Building Revenue, 181 /a- S. T. (6/3) Street Construction 51/2 - yr. avg. (1958 -1986) ....:....$600,000 yr. avg.. (1958 -1967) ......$2110,006 Norfolk Redevelopment and Hous- Babylon, N. Y., 2 p. m., E. D: S. T, ing Authority, Va., 1 p. m., E. D. S. T. (5/29) Deer Park Fire Dist., 10 %- (5/28) Preliminary Loan notes (8th yr. avg. (1958 -1976) ....$195,000 Series "A ") .......,...$1,310,000 Public Housing Administration (Washington, D. C.), 1 p. m:, E. D. S. T. (5/28) Temporary Notes..$69,257,00 Kansas City , Mo., 6% -mos. 700,000 Jersey City, N.J., 5% -mos. 1,000,000 Newark, N. J., 654- mos... 1,562,000 Port Arthur, Tex., 5%- mos. ................. 375,000 Anniston Ala., 11% -mos.. 431,000 Boston Ala., 71/6- mos.... 211,000 Collinsville, Ala., 7% -mos. 145,000 - Cottonwood, Ala., 71/6 -mos. 167,000 Fairfield Ala., 12% -mos.. - 294,000 _ Guin, Ala 1235 -mos. 276,000 Hackleburg, Ala: 12%- mos: 63,000 Phil Campbell, Inc., Ala., 7% -mos. . .. 153,000 Red Bay, Ala., 121%- mos... 280,000 'Reform, Ala., 7%- mos.... 162,000 Vernon Ala, 12% mos... 109,000 Arkadelphia, Ark 7y6- mos. - .. . 503,000 Needles, Cal., 7%-mos.... 419,000 Richmond, Cal., 7% -mos.. 461,000 Riverside Co., Cal., 7%- mos. ................. 309,000 Pueblo Colo., 11% -mos. . 623,000 Fort Lauderdale, Fla., 61/2 - mos. .. ... 208,000 Jacksonville, . Fla., 6% -mos. 3,469,000 St. Petersburg, Fla., 6%- mos. _ . ............ 1,157,00 Boston Ga,: 12% BWs....' 290,000 Clarksville, Ga 7%4 nos. 305,000 Clayton,!Gat, 71/4 - mos...: 166,000 Comer, Ga.,; 12%- mos... * 205,000 Cornelia, Ga., 12%-mos... 184,000 DouKj" Co. Ga, 1255 - mos `:... .. .. 274,000 Greensboro, Ga ?% -mos: 3600000 Lawrenceville, Ga., .7%- - mos . ................ 291,000 Manchester"Ga., 7%-mos. 337,000 - Nicholls, Ga., "7%- trios:. :'. 142,000 Roswell, Ga., 7%- mos.... 214,000 Tallapoosa, Ga'; 1211 -mos. 359,000 Villa Rica. Ga, VA-mos.. 111., 277,000 749,000 Danville, 12%- mos... Henry Co., I11., 1295-mos.. 376,000 Menard Co., Ill., 71A-mos.. 865,000 Montgomery Co., IlL 11%- mos . .... .. .... 521,000 Peoria, Ill., 63¢ -mos. ... 1,882,000 Saline Co., DI, 11% -mos.. 544,000 Muncie, Ind., 7%- mos.... 799,000 Tell City, Ind., 7%- iAos... 306,000 Lexington, Ky., 69-mos.. 1,086,000 Lexington, Ky.; 61h -mos.. 2,803,000 Paducah, Ky., 12%- nos... 638,000 Bossier City, La., 11%- mos ....... ... ... 385;000 East Baton Rouge%�Par„ La., 711/4 -mos 3620000 Lake Charles Lg 71/4 - mos. "'" .,, .. Ville Plat/La -mos. 446,000 599,000 Baltimore 7%- -- .. 725,000 mos. 398,000 mos.. 96,000 South L , Mich., 7%- mos ...... 142,000 Chlshohn, Minn 71/4 -mos: 430,000 Waynesboro, Miss., 7%- mos.. ... . 349,000 Anaconda, Mont., 7%- mos ....... . ........ 726,000 Omaha, Neb. fills mos.... 842,000 Asbury Park N. J., 111,1- mos ..... 568,000 Beverly, N. J 71/6 -mos. 273,000 Camden, N. J 1215 -mos. 359,000 Harrison, N. J., 61/i-mos. 806,000 Long Branch, N. J., 7%- mos.. ....... 109,000 Passaic, N. J 6',5- mos... 2,209,000 Perth Amboy N. J., 6%- mos.. .° 954,000 New York;�l Y 61A5 os. 9640000 New York, N. Y., 6% -mos. 87,000 New York, N. Y., 6 os. 116,000 Watertown, N. Y., 'I%- MOS. . .. . W.... 939000 Charlotte, N C., 6 os. 1,784,000 Durham, N. C., 6 os. 1,399,000 Laurinburg, N. C. %- MOS....... .. 486,000 McKeesport,. Pa., %- mos .. ........... 751,000 Philadelphia, Pa., 35- mos. 11,764;000 South Carolina nal No. 1, 6% -mos. 1,989,000 Chattanooga, Te 6%_ mos... 1,158,000 Gallatin, Tenn., 196,000 1111105• Kingsport, Ten mos. . . . 457,000 Paris, Tenn. 7 m• - 550,000 Rockwood, Ten 'BIOS• 399,000 Sweetwater, •, 12%- mos - Te 9 m °S.. 316,000 267,000 .Caldwell . Fort �ort s mos. - 840,000 Howe,. Tex. °S - 84,000 mos., -. ,; Munday; 191,000 Naples, 7,mos..... 161,000 Omaha, ,•,03:;, 81,000 mos Tom T �� 352000 .82,000 Whit ht, f 7m/s-: . V1r8m Islandst Thom - 131,000 6'/z-moq 2,300,000 B ol; Vs. mos .. ewell �a mos.': 864;000 224,000 mond V -mos. nnewick,12%- 1;871,000 MOS. King Co., Wash mos. 929,000 507,000 49 2466 THE DAILY BOND BUYER WEDNESDAY, - JUNE 12 Louisiana Polytechnic I Institute. 9 Multnomah Co.. Ore.. 11 a. m.. P. S. Cochise Co.. Ariz.. 11 a, m.. M. S. a. m.. C. S. T. (6/29) D itory.and T. (5/31• 6/3) Bridge. 8 -yr. avg. Arlington Co, Va, .u;�gs, E. S. T. Dining Hall Revenue. $$$eves 1957. (1958 -1972) ..... ... $1,500.000 (5/29) Court House and Bever. 10 -yr. 24% -yr. avg. (1960 - 1997)..$1.675.000 (5/31) Sch. Dist.. 10 -yr. avg. (1968 - 1975) .....................$167.000 avg. (1958 -1977) ........... $U00.000 Hackensack. N. J, 8 P. m.. E. D. * Myrtle. Creek: Ore.. 8 p. m.. P. S. T. ... Metamora. 0.. noon. E.vS. T. (6/29) (6/6) .Water. 16 -yr. avg. (1959 -1983) Bennett Co„ S. D.. 8 p. m.. M. S. T' General Improvement. ISIA -yr. avg. $276.000 (6/4) Martin Common Sch. Diet. No. (1958 -1982) ...............$34000 North Scott Community Bch. Dint 2. 9 -yr. avg. (1960 - 1972)..$147,500 Skagit Co.. Wash.. 4 p -m.. P. S. T. ., In.. 8 p. m.. C. S. T. (5/22) Building, Iberia Par., La, 2 P. m.. C. S. T. (6131) Union High Sch. Dist. No. 1. ll% -yr. avg. (1968 - 1976)...$1.100.000 (4/19) Various Sch. Dicta., .$1.715.000 9 -yr. avg. (1969 - 1972).. i...$469.000 ��L St. Louis Co. Minn., 7 p. m, C. D. Latah Co.. Ida, (6/4) Court House SATURDAY, JU* 15 S. T. (5/28) Ind. Sch. Dist. No. 18. 73.'-yr. avg. (1959- 1973)....$1,414,500 - $400.000 Bainbridge,. 0.. noon, �E; S. T. (6/3) Lee and Ogle 0"s`a, in, 8 p. m.,. C. Fire Equipment. 6-yr. avg. (1958 - Titusville, Fla.. 7.30 p. m., E. S. T. D. S. T. (5/23.31) Sch. Dist. Nb. 170. 1967) ...... ...........$10.000 (6/5) Utilities Revenue Certificates. Series of 1967.......... 1S % -yr. avg. (1968 - 1976).:$2,200.009 MONDAY, JUNE 17 E.000 New Bent Co, Va. noon, .19. S. T. Sanitary Diet, Al.. `* W. (616) GeN. neral er 10.30 e. of 1 7. a. m.2 S. T. (6!6) General Bonds of 91957. (4/24: 5/21 School Buildin '11% -yr. g` 'avg: (1968 = 19'19). r...:......:0 C. ani.. y p. m.. C. D. S. T. (6/24) Sanitary 14 -yr. avg. (1958 -1952) ....$296.000 $100.000 Ohio.. noon, E.-D. S. T. (6/13:15) Major Thorwghfare Construction Revenue. Serer F. 7%-yr. avg. (1957- 1972) ....................$32.000:000 Pittaborgh, N.. 11 a. m.. E. D. S. T. (5/22) Generti Public Imp., Series A." 10%-Yr. wg. (1958 -1977) $6,200,000 Windham..0.. noon. E. D. S. T. 'Benton and Linn Cos.. Ore, 7.30 (6/3) Exempted Village Sch. Dist.. p. m.. P. S. T. (6/5) Con: Sch. Dist. 10 -yr. avg. (1958 -1975) ...1460.000 No..509cj and A. Sch. Dish, No. 509a. 5% -yr. avg. (1968 - 1967).':..$100,000 WEDNESDAY, JUNE 19 Cochise Co., Ariz.. 11 a. m.. M. S. T. * Collingswood. N. J.. 10 a. m.. E. D. (5/31) Benson Union High Sch. Dist. ') S. T. (6!6) Water Improvement. 9�/0- g2Ar, . ISIA-Yr. avg. (1959-19iig2Ar, Ann yr. avg. (1958 -1473) ........ $190.000 Rock Hill. O.. pt E. S. T. (8/28) Local Sch. Drat.. _yr. avg. (1968- Cochise Co.. Ariz.. 11 a, m.. M. S. 1979 ......$637.000 " " " T. (5/31) Sch. Dist.. No. 9'. 14'% -yr. Caeoade Co. M0 I (1959 -1977) ..........$195.000 Rockland. Mass.. ' m.. E. D. S. T. ol. (6/4) 3cbo A .af 1948. 9%- Hamburg. N. J, 8 p. .. 'E. D. S. T. g• in.. yr, avg. (1968 - 1976).... ,$900.0001 - -. (5/31) Sch. Dist.. 10 -yr. avg. (1968 - 1975) .....................$167.000 * Rushville. Ind.. 1 P. m., C:.S, T. d ... (6/6) Electric Utility Refun gt Hackensack. N. J, 8 P. m.. E. D. Imp. Revenue, 23% -yr. avg. (1916 S. T. (6/4) Various. 7U -yr. avg. 1993) .- - .$2.106:000. (1958 -1977) ...............$697.000 Stoner. Mick, .8 P. m., E. S. T. (6/5) Hennepin Co., Minn., 8 p. m., C. D. Tax Anticipation notes. 30.n;( S. T. (5/28) Ind. Sch. Dist No. 206. $20.700 13 % -yr. avg. (1969 - 1978)..$1.020,000 JUNE 13 Hkman. Ky.. 8 p. m.. C. S. T. 1(6/6) THURSDi4t, Natural Gas System Revenueli Ephrata. Wash„ 8 p. m.. P. S. T. (6/5) Local Improvement District No. 7 ......................$170.000 Maumee -Milan Consolidated School Corporation. Ind., noon. C. D. S. T (6/5) School Building -1967. 5% -yr. avg. (1958 -1968) ........ ...$60.000 Natchitoches Par.. La.. 9 a. m.. C. S. T. (5/24) Public Improvement $450.000 Oak Park (City). and Royal Oak and Southfield (Townships). Mich.. 8. p. m.. E. S. T. (6/4) Sch. Dist., 17%- yr. avg. (1958 -1986) .......$1.000.000 Carlton Co, Minn.. 5 p. m.. C. D. $386.000 Portsmouth. 0.. noon. E. S. T. S. T. (6128) Md. Sch. Dist. No. 7.1 Quincy. Wash.. 8 p. m.. P. S. T. (6/4 6) City Sch. Dist.. 10% -yr. avg. 161/4-yr• avg. !I960-1987)...$660.000 (6/3) General Oblig.. S1% -Yr. avg. (19,58 -1977) ..............$600,osU * Chicopee. lase.. 11 a. E. D. (1969 -1972) ................$14.500 S. T. (6/6) :11001........0.000 Roseburg. Ore.. 7.30 P. m.. P. S. T. THURSDAY, JUNE. 20 Clatso C. Ora. S �. (6/4. 6/5) Sewer Improvement. l6i%- P. m.. P.�'k Harrison Tp.. lad.. 7 P. m.. C. D. yr. avg. (1968- 1982)........,$850:000 (6122) moll, h Sch. Dist. No: l S. T. (6/6) Civil Tp.. 3'% -yr. avg. 71% -yr. avg. 1969-1971) ..,$386.006 St. Joseph. La.. 3 p. m.. C. S. T. (1968 -1963) ................$71.000 Sdiar Dist, Cal.. 8 m. (615) Water ................$66.000 Del Rey y p. . Montpelier Harrison Township Cal. D. S. 7(6/28) Sewer. 20'% -yr Schulenburg. Tez. (6/4) Municipal School Corporation. Ind., 7 p. m.. C. D. avg. (1961$7) ...........$90.000 p, ......+.$200.000 S. T. (6/5) School Building -1957, _ Im .......... .... Isle. Mi 7 p. m.. C. D. S. T. 8'%-yr, avg. (1968- 1963)......$69.000 (5/28) Im meat Genetal Oblige- Washingtonville. O.. noon. E. S. T. (5 /2 fin's -yr (1969- 1966).$30.000 (ewer System. 14% -yr. avg. Westlake. 0.. 8 p. m.. E. D. S. T. tion, (1958-1982) .. .........$27.000 (5/29) Various. 514 -yr. avg.. 11958 - King Co sh.,. 11 a. m., P. S. T. TUESDAY, JUNE 18 1967) .....................$317.850 (5/24),,Bel Sch. Dist. No. 405. $5 -yr. av 11 959- 1977)_. $450.000 Brandywine Area Joint School FRIDAY, JUNE 21 Lapeer. 8 m.. E. S. T. Authority. Pa.. 8 p. m., E. D. S. T. P. (6/5) School Revenue.-1957. 20Y2- Bristol. Tenn.. 2 p. m.. E. S. T. (5/29) Wat evenue. 25 -yr. avg. yr. avg. (1958 -1987. (1958 -1978) .$375.000 ). .$3.740.000 1972) Sewer. ... -... avg. (1957- ......... ) ...........$100.000 Madisoa J.. 8 p• m.. E. D. Co Chester. Deep Di River Tan 616 Essex. S. T. (613) ist.. 12 %- (1958 -1980) . Oceanport,_ _..n. m.. E. I .... ..... f-.`..... T. Tavg / 4(195 11 -yr FRIDAY, I Caeoade Co. M0 in -its: (5116) Convulse Clarksville, T a. m. m (5128) Paring • (1958 -1968) �.� avg. *=^ • m.. ) e MONDAY, JUNE 24 94 � gioaal Hi gh Sch. Dist. No. 4. 9o%. -yr. avg. (1958 -1976) ..........$365,000 * East Troy (Village). East Troy. S. T. Clifton. N. J.. 8 p. m.. E. D. S. T. Troy. Lafayette & Spring Prairie !1957- (6/4) Various. 11Y4-yr. avg (1958- (Towns). Wis.. 8 p. m.. C. D. S. T. $0,000 1982) ...................$2.143.000 (6/6) Jt 'Sch. Dist. No. 1. 1031 -yr. . D. S. Girard. O.. noon. E. D. S. T. (616). avg. (1958 -1977) ..........$725.006 M Fa Water Improvement. 2'% -yr. avg. Highland Park. Ill.. 8 m.. C. D. X00.000 (1958-1962) .................$12.800 S. T. (6/5) Various. llp'%•yr. avg. a. m., Hudson, 0.. noon. E. S. T. (6/4) (1958 -1976) .................$1.780.000 vies D,. Water Works Improvement. 10%-yr. .00.000 avg. (1968 - 1974) ............$45.000 Gila Co.. Ariz.. 11 M. S. T. (6/4) Hospital Imp.. . 311/04 . -yrr. avg., Independence. Mo.. 11 a. m.. C. S. T. (1958 -1962) $100.000 (5/31) Electric Light Works Revenue. S. T. 1957. 20% -yr. avg. (1960 -1987) .Lewis Co.. Wash.. 8 P. m.. P. S. T. $8,000.000 (5 /27) Mossyrock Sch. Dist. No. 206, j 0 7'% -Yr. avg. (1959- 1969)....8433,3251 C. on Elementary Sch, Dist., a. m., Cal. D. S. T. (6/4) Little. Rock. Ark.. 8 p• m.. C. S. T. 1955 Series D. 12}4_yr, avg. (6/4) Library Imp. (Limited) 1714 -yr. '8) ...............$290,000 avg. (1960 -1984) ..........$1.295.000 :z ?.. . June 6. 1957 TUESDAY, JUNE 25 Strawberry Point. Is.. 2 p. m.. C. S. T. (6/4) Con. Sch. Dist.. ll% -yr. avg. (1958 -1976) ..........$265.000 * Strongsville. 0. (61(1) Local Sch. Dist . ......................$180.000 WEDNESDAY, JUNE 26 Citrus Heights Irrigation Dist.. Cal, .8 p. m.. Cal. D. S. T. (6/6) Water System. 193A-yr. avg. (1959- .1987) $750.000 East Baton Rouge Par., La,. 11 a. m.. C. S. T. (613. 4) Con. Sch. Dist. No. 1. ll% -yr. avg. (1958 -1977) . $10.000.000 Fairfax Co., Va. (4!6) School $4.000,000 Louisiana State University and Agricultural and Mechanical College. 10 a. m.. C. S. T. (6/5) Building Rev- enue. Series 1957. 14%-yr. avg. (1958 -1982) ..............$7.500.000 Oregon City. Ore.. 2 p. m.. P. S. T. (5/31) Water. 10%-Yr. avg. (1968- 1975) ......................$900.000 PHURSDAY, JUNE 27 LaFourche Par.. La, 2.30 p. m.. C. S. T. (5/17) Water Dist. No. 1. 19% -yr. avg. (1960- 1987)..$1.875,000 TUESDAY, JULY 2 * Mojave Unified Sch. Dist.. Cal.. 11 a. m.. Cal. D. S. T. (6 /6) Building. .Series A. 30'% -yr. avg, (1960 -1972) $324.000 MONDAY, JULY 1 Hartford. Conn. (11/9) North lend Community Center ......... $900.000 Jefferson Par.. La.. 7.30 p. m.. C. S. T. (6/3) Hospital Service Dist. No. 1 $1.500.000 MONDAY, JULY 8 Yambill Co.. Ore.. 8 p. m.. P. S. T. (5/16) Sch. Dist. No. 16.....$160.000 WEDNESDAY, JULY 17 Yellowstone Co., Mont. 30 a. m., M. S. T. (6/3) Court House..$625,000 TUESDAY, JULY 23 Milwaukee. Wis. (5/28) Water Revenue ................$10.000.000 TUESDAY, AUGUST 13 Lee Angeles City and High Sch. Diets.. Cal. (5 /16) School Building $44.900.000 TUESDAY, NOVEMBER 5 Lee. Angeles Co., CaL (6/16) Flood Control Dist . ............$20.000,000 WEDNESDAY, DECEMBER 4 Los Angeles. Cal. (5/16) Dept. of Water and Power, Water Works Revenue ..................$9,000.000 JULY 11 1958 Hartford. Conn. (11/9) Fire Sta. tions ... ............... $1,200,000 State amditaw&eAal THE FIRST NATIONAL CITY BANK OF NEW YORK Broad Dept. Teletype: NY1.709 June 6, 1957 THE DAILY BOND BUYER Interest exempt, in the opinion of counsel, from all Federal Income Taxes under existing statutes as thus far conA med by the courts. Interest exempt, to the optnton of counsel; from taxation under existing laws of the State of Ca rfornia. NEW ISSUE June 6, 1957 $1590009000 Department of Water and Powene of The City of Los Angeles Electric Plant Revenue Bonds, Issue of 1957 To be dated June 1, 1957 To mature June 1, as shown below The Bonds due 1958_1962, inclusive, are non - callable. The Bonds due 1963-1987 inclusive are callable on June 1 1960, or on any intere4t payment date thereafter, upon 30 days' notice; in whole . or in part, at 100%% plus y of 11' for each twelve months' period, or fraction thereof, from the date of redemption to the maturity date . of such Bond, but not exceeding 103%, plus, in each case, accrued interest. Principal and semi - annual interest (June 1 and December 1) payable at the Office of the Treasurer of the City, in Los Angeles, California, or at the current official banks of the Department in New York, N. Y. or Chicago, Illinois. Coupon bonds in the denomination of $1,000, registrable as to principal only or as to both . principal and interest. AMOUNTS, MATURITIES, INTEREST RATES AND YIELDS lale..a relate Joined Yield 1. Inm.en yield to Amount M.1orily Rate Milan,, Amount MalurVy Role Maturity At MemrLy Rate Metmip $500,000 1958 5.000/, 2.50% $500,000 1968 3.70% 3.50`;0 $500,000 1978 3.90% 3.75% 500,000 1959 5.00 2.75 500,000 1969 3.70 3.55 500,000 1979 3.90 3.80 500,000 1960 5.00 3.00 500,000 1970 3.70 3.55 500,000 1980 3.90 3.8D 500,000 1961 5.00 3.10 500,000 1971 3,80 3.60 500,000 1981 3.90 3.80 500,000 1962 5.00 3.20 500.000 1972 3.80 3.60 5001000 1982 3.90 3.85 500,000 1963 3.40 3.20 500,000 1973 3.80 3.65 500,000 1983 3.90 3.85 500,000 .1964 3.50 3.30 500,000 1974 3.80 3.65 500,00D 1984 3.90 3.85 500,000 1965 3.50 3.40 500,000 1975 3.80 3.70 500,000 1985 4.DD 3.90 500,000 .1%6 3.50 3.45 500,000 1976 3.80 3.70 500,000 1986 4.00 3.90 500,000 1967 3.70 3.50 500,000 1977 3.90 3.75 500,000 1987 4.00 3.90 (accrued Interest to be added) These Bonds are offered when as and if issued and received by us and subject to approval of all legal proceedings by Messrs. O'Mdueny & Meyers, Los ifngeles; Mr. Stephen B. Robinson of Los Yngnies, bond counselfor the Departments Mr. Roger drnebergh, City .11forney of The City of Los Angeles; and Mr. Gilmore Tillman, Chief Assistant City Attorney for Water and Power of The City of Los Angeles. The offering of these Bondi is made only by means of the Official Starr, meat, copies of which may be obtained from such of the undersigned as arc registered dealers in securities in this Stan. The First Boston Corporation Drexel & Co. Eastman Dillon, Union Securities & Co. Salomon Bros. & Hutzler Bear, Stearns & Co. Equitable Securities Corporation Merrill Lynch, Pierce, Fenner & Beane Wertheim & Co. Carl M. Loeb, Rhoades & Co. Wood. Struthers & Co. A. G. Becker & Co. Lee Higginson Corporation Incorporated R. S. Dickson & Company Hayden, Stone & Co. Reynolds & Co. W. H. Morton & Co. Bacon, Stevenson & Co. Incorporated Incorporated Spencer Trask & Co. Gregory & Sons Braun, Bosworth & Co. William Blair & Company Laurence M. Marks & Co. Incorporated C. F. Childs and Company E. F. Hutton & Company Blunt Ellis & Simmons The Milwaukee Company Incorporated Bacon, Whipple & Co. The Ohio Company New York Hanseatic Corporation Frantz Hutchinson & Co. Barcus, Kindred and Company Butcher & Sherrerd Byrd Brothers- McCormick & Co. Fahey, Clark & Co. Wagenseller & Durst, Inc. Irving Lundborg & Co. Boettcher and Company Thomas & Company Yarnall, Biddle & Co. Seasongood & Mayer J. A. Hogle & Co. Farwell, Chapman & Co. Ryan, Sutherland & Co. McDonald -Moore & Co. A. Webster Dougherty & Co. Mead, Miller & Co. Mullaney, Wells & Company Breed & Harrison Ellis & Co. In. y 2467 �1 M 2468 THE DO41LY BOND BUYER` Sune s, 1967 AMOUNTS, MATURITIES AND YIELDS OR PRICES George $ha tioned that institutional intestora are largely tax free as mutual , and said was condemned out of hand as a per- nicious measure. B. Wendt, vice- president of the First National Bank of Chicago; J. Basil (Continul roNRn; 2) ` that even the stock ins nce com- As to the money market, Mr. Kelly Ramsey, chairman of Wainwright & Portland, Ore., d City panies are not heavily in nded of tsz- predicted that there will continue to Ramsey, New York, and David M. Clerk of El Mo , exempt investments for th1a time be- be for some time a gap between sup- Ellinwood, vice- president of Moody's The next, 0 62ponfer- mg, because of large losses suffered ply and demand for 'long -term funds. Investors Service, New York. ence, will be li in Milwaukee, Wis., in the course of their business affairs. He saw a possibilitys however, of 260,000 In 1959, bowery the group decided It will be necessary to husband the alight relaxation of the Federal Be- 1 %3 to meet treal, Can. The existing market and to extend it, serve policy of active credit restraint, Huge Outlay Forseen latter deck, ether with the ere- Mr. Kelly warned. Tax, exemption and. said the stage may already have 20,000. lection of a Jdllnedian as vice - presi- possibly will be less of a factor than been set for such a change. He based (Continued from page 2442) dent, reflects the growing importance it used to be in attraetin funds, he this forecast largely on an inadequate 2.90 of Canadian municipal finance. said, for even wealthy individuals increase of the money supply,. which advanced from 2.97 to 3.10 per cent." Capital Market Trends may prefer to seek eapi 1 gains if is now about 1% per cent annually, or This is a rise of 13 basis points and Capital market' _ -were an- the inflationary erosion o the dollar about one -third of what would seem compares with a 12 basis point in• alyzed at today's g sion by continues. He urged the use of, sink- to be required. by our rate of economic onomic crease for she month in THE BONn Daniel M. Kelly, partner omon ing funds for market purchases of growth. Buyna's 20 -bond yield average which Bros. & HU41v, New York. outstanding bonds in order to improve If and when a shift in policy comes, New munielkal bond issues 'tiue financing prospects.. . * he said, it will be felt first in the moved from 3:23 per cent May 2 to d year will total bout $62 billion ac- . Financing Aids short -term market. He .pointed. out 3.35 per cent on May 29, cording to the firm's projections, but Some of the current proposals for that this is all the more logical be. In exemplifying the expanding role will advance to about $15 million aiding municipalities in their financing cause corporations in increasing num- of State and local governments in the 10 years hence. The net increase in and other problems were!touched, on bers are investing funds in short national economy, the bank explains tax exempts outstanding will be briefly by the speaker. Hb said some municipal obligations. that these units now employ more about $3.4 billion this year,' Mr. Kelly market advantages will flow from the This busy conference had eight con- said. proposals to permit the formation of current sessions in progress today on than 5,000,000 persons, some 10 per The speaker addressed . himself to investment companies which would major matters of financial adminis- cent of the nation's total non -farm the .problem of finding the funds for pass on tax- exempt income to share- tration. These related to budgeting, employment and more than twice the the huge and increasing volume of holders under the conduit theory of accounting, .auditing; reporting, local number of civilians employed by the State and local government financing. taxation. The New York State pro. schools and hospitals, retirement sys- Federal Government. Purchases of He said that a broadening of the posal to form an authority to aid local tems and Federal financial aids. Per- goods and services by .State and local market must be sought, with the main government school financing was haps the best attended was a session governments, currently at a season - reliance to be .placed on trust funds termed "self- defeating" :because of on debt administration, at which ally adjusted annual rate of over $35 and individual investors. He call- its complexity. Federal aid to schools I , questions were answered by George billion, absorb about 8 per cent of the nation's total output, according to the bank. This nearly matches the recent rate of business invest- ment spending for new plant and New Issue equipment or of consumer purchases of durable goods. Although the total number of local $1,602,000 governmental units has been declin- ing because of the consolidation of City of Albany, New York school districts, the bank said there were still more than 500,000 local authorities in the United States in 3.40% Public Improvement, School and Water Supply Bonds January, 1957. - The 48 States and the 18 most Dated June 1, 1957 Due June 1, as shown below populous cities, according to the bank, Principal and semi - annual interest (December 1 and June 1) payable at The National Commercial :spent directly some 47 per cent of the Bank i ul Taut Company, Albany; N. Y. Coupon bonds in denomination of $1,000, total outlays in 1955. Furthermore, registerable as to both principal and interest. the States financed a substantial part of local government spending, notably hat by counties and school districts. me. Taxes .. ' Interest &tempt from present Federal and New York State Income Legal Investment for Savings Banks and Trust Funds in New York State - - and for Savings Banks in Connecticut and Massachusetts I AMOUNTS, MATURITIES AND YIELDS OR PRICES (Accrued interest to be added) The above Bands are afjned when, as and if issued and received by us; and subject to prior sale and approval of legality by Messrs. Sullivan, Donavan, Hanrahan, McGovern & Lane, Attorneys, New York, N. Y. The Chase Manhattan Bank The NationWommerciai Bank and Trust Company of Albany Bache & Co. Gregory & Sons New York, June .6, 1957. THE BOND BUYER is subscribed to by dealers, investors and public offs- clads all over the country. As the trade paper, it is the "National Marketplace for Municipal Bonds," and the only logical medium to use when you want to reach these markets. There is no waste circa• lation when you advertise in THE BOND BUYER. i i Due Due Yield Amount . h e- Yield Amount' Each Year Yield Amount . Faeb Year or Price $257,000 1958 2.30% $265,000 1962 3.007 $20,000 1 %8 -69 3.35 % 260,000 --1959 2.70 20,000 1 %3 ' 3.10 20,000 1970 -71 @ 100 260,000, 1960. 2.80 20,000. 1 %4 3.20 20,000 1972 -73 3.45 % 260,00 - t %I 2.90 20,000 1 %5 3.25 20,000 1974' -77 3.50 20,000 1 %6 -67 3.30 (Accrued interest to be added) The above Bands are afjned when, as and if issued and received by us; and subject to prior sale and approval of legality by Messrs. Sullivan, Donavan, Hanrahan, McGovern & Lane, Attorneys, New York, N. Y. The Chase Manhattan Bank The NationWommerciai Bank and Trust Company of Albany Bache & Co. Gregory & Sons New York, June .6, 1957. THE BOND BUYER is subscribed to by dealers, investors and public offs- clads all over the country. As the trade paper, it is the "National Marketplace for Municipal Bonds," and the only logical medium to use when you want to reach these markets. There is no waste circa• lation when you advertise in THE BOND BUYER. i i LOCATION & ESTI :ATE COSTS FOR CORRECTION OF Montgomery Report Not Item'No. 1 12 2 # 3 8 4 9 5 10 6 18 7 # 8 20 9 5 10 6 11 7 12 1 13 2 14 4 15 13 16 15 17 16 18 17 19 23 20 24 21 25 22 In Balboa Blvd. Park Avenue Marine Avenue N. Speedway Opal Avenue Lafayetta Ave. Alley back of Bay Front Balboa Blvd. Second Ave. IN WATER SYSTEM 32nd Street Goldenrod Ave. Alley btw 41st & 42nd Avocado Ave 8" 2145' 15,600 10" 22201 Avocado Ave. Second Ave. Coast Hwy APP'rb.x :Est.. Fi3om To Size :zung� 'Cost 11G11 St. "NI' St. 10° 25501 $23,700 Alley -W. Marine Jade Street 8" 9501 10,000 Bayside Drive N. Speedway 141' 5801 13,500 Marine Avenue Opal Avenue 811 1775' 16,200 N. Speedway Park Avenue 811 7601 7,100 31st Street Alley btw Villa Way 8" 1030' 9,100 20,600 & Newport Blvd. City (See Section 6.03. (e) ) Buena Vista Cypress 81' 2500' 20P000 32nd Street Goldenrod Ave. Alley btw 41st & 42nd Avocado Ave 8" 2145' 15,600 10" 22201 Avocado Ave. Second Ave. Coast Hwy 10" 1200' Fifth Ave. Ext. Carnation Ave. Avocado Ave. 10" 950+ Morning On. Road Coast Highway 2001 S/Seaward Rd. 8" 2301 Easement Foppy Ave. De Sola Terrace 81t 6201 Easement Hazel Drive Evening On Rd. 811 715' Alvarado St. Alley btw Balboa Alley btw Edgewater. 811 580' & E1 Modena and Bay Avenue & Bay Avenue Alley btw Balboa McFadden Place 20th Street 811 4101 B1. and Court 16,800 10,800 10,100 1,480 4,080 4,500 5,400 4,200 30th Street Balboa Blvd. Newport Blvd. 1011 565' 6,800 Lake Ave. Ext. 32nd Street 30th Street 8" 515' 3,400 Clay Street, Alley btw Tustin Alley btw Tustin 6" 325' 2,100 & E1 Modena & Riverside Beacon Street Alley btw Aliso Alley btw, Modena 611 335' 2,200 & E1 Modena & Tustin Ave. Connection to 30 -inch line in C oast Hwy at East 1811 20,600 Boundary of City (See Section 6.03. (e) ) Irvine Ave. 21st Street 22nd Street 16" 1320' 15,000 Total . ...........................$222 660 Engineering & Contingencies - a...... r GRAND TOTAL .......... .. ...••• h �S b T 1 6 Pf", I - -�� iL j , �c3o— or MiSP city or itaw"n i4nkch, ri, 10- *-ft Or tro CITY O f N'� Port Lech piano wwA ;o=4 vor tine Uq a%,,r city or Neuixwt be and L.xv city of xc4vparl. 11.4amm Co", ijrsaant C,ity City of .*44 ata 4avO *Wngh(,�OA-Ied Wid -dvalr- 4tf jol,O, 4cq.witatlan, deveiopp *a-"4 ariu a wat,#r supply for W,�Lw4c!P&A Ana dcw*atic parPO403 ci:Pfia'LrucrjLvi cjr �Mj,�A2 noveaaary mr U t joint; ai,%, Oq4IL-st4a WI,4 ava a'-',r*v4 wit-, :,rm -t7A City of castes iit44a Q n auld iwi-4 report tw om :Arawlr>-, 'i-o :y mar :.Ii; airurwaa VLA95 AND raaalbalo ar4 aquitabje tl;-,,46 imkc't W,*I Coot& M*sa deq),41re wid cwil� 14, a 4k J,--Am jjrrjvv+ wile-:I I's co..j:an to totn ••tlea aa,54 o*aolats of iis wwear titora raservoir wit., wa^�ar I I a 0 �rw�wilsfilm malris ww waricap " la z6irs i,�t1c;.'lariy d4tacru*o as roixams w;i�ucr r4r' :erly of w-,rwia del dPav 4 4 o4atal-j Of v4c"T, iur BmAlevani w�d vcaipjea of "acka go&* L.* cow.-�wi vorner or esc,� Iyin,,., *XlAtlll W&Wr Dtsl6rlCt a. L5"Ulevi calvrarrda maervoir sit*, Ur A a 36-inch 'AiW*LVr PiP#li, A Lne axistL-ii, ',-*tropolltart wa-w*r "atriat of Callrart4a Corm del :%r ton"AgA-1 re-servoir, all atruci,-4m& i'mc*&6&3V for o.� *a,.vr Iatoo rl.& maervair 0 lvrl&Aoo of wator 4146 -ar;'ryqd fro 1 reaurvoir, UnIt 3111 111 6�wal eon4lst of disroter pipeWto !�earlv�i� frcm .1-0 I I ts&cAruis-�t# ivalovax4 to 'Lt;le aoA�verly Slue of BIU�, ew-4on.0 rmrttweaterlw to Tkw rinxz� �4ewpars; ax tiuff or u-, awiyw- ami -n-to IrvL"a C*var4 road In 61ocx Moo 56, or Canyon W t'As ., aiartl4erly aide, biurf us-,* mo a of Tn* 4""Arrow,%, YPper L-44 �; ski �rdt 4 shall m*,lajot; of a 36-lrwt -Mw4�*r pUollao !�ie4ririz we4tarly to L.v zewid iiewpov. Willi Costa Xess 0061heationa as wvr4 w.;a Irvirie i are rowera cit# of costa am azt"i*4 nereto. v -Arkea a ivart tmreor, r.�e der3mal'olU. coat of 3,4444 *711;lre joint. project; 4,Ari;`f, of of L,, -e AOq4I*j%,.jGv, UY ;mil:: Oltled Is a*'& fort h In aula JoInt Po"ra V451 w . 0 4d t *zLI, v, " O"t of 30 k 0 I I L I shave U It Is 4#41r"les reasitle oqw.4t4v%* (in !Wdluon to �iald JoUtt jorojec%�) *�,*I* cl�y of Newport, �Oeach aeg"re al"! cov�atrtAt Worka f'or i,--le gtora,",4.0. tr4uu- ada64,on aa4 di3LributImi *I' water noceasa* acts r for #4WIWLµZ� water ror t*• ie i-imo of tiA* OUkkX ar4 Its Uio aeqiaioltloii at all .landup easemw4bo P14,06P Valve*$ fittingao S*Ldn't aawdrwry., &pparuv4s wA ati;*r proporty rwoomsery vivrefor. Tne eitivawd cost of aald acqulalskmi UnA conotm:;ctlorz is k— to be bome ent4roU by zt,.* My of Xwfiory Ssw-,, At u desir&L-les ro&41-1* arA eqwl�aac Par t�-4 of a WAWr s4vty to Uw cltw WE mm-Part eaet . " -'1"0 city or r*aa " for *.I* MaVitww'W418. repair. -eAra&%*- U4011to OWAtiWa ad OvMtrol of &,aid Joint projoel. Wiat oai4 citles anould axeek4te sold ,-,r**v4nt ermi�aod "Jvin-� Powers Acmtemni. of V�,'? 4 totween Civv or Mem"n 1*aei�, ana C14 of C04vu It Is dosirabloo roasil4le wat *q"Itablo for 1-40 j) � o *r acq,.Arlag t; A bite for 4414 r0aer"Ir 4-4 t`-4 eas"'ILS toe is vomoasarw warer wwwwdeviazi aceons muds t-.-At a4U cuie* oxoc,4w a coo Alta m�,,xcevm-,;t v�v irvzw ca---pony, ►*'�Icn 4au is L„ raked *i's,roszant ciuA zaje a part neftof, 40 0 • 0 It U de3lrablep re"IbIt eaw equtable twat ta 4e coat or t.,,* "quicition WA U* MY Of NOwPiOrt. yftsick' of L-4 works for V;e stomwe, trans. r4sulOrl Weil dtutrllbutlan or water set rorth in wis roport be Paid rrov4 tile preacedastir gwAraA oblIF ,Atica"i bon" Of t4lze City and tl%At VG-�.r "77ommble City Co4nell Su4-.4t" to the qualified vat,ers of said city a prop"i- ti0al Of InCurring, lt�debtedneaa &ad issuing bor4a of said eii�y therefor. It 10 desirable, C"uible " eq41tablo jt.. A*00rdanco w1W! uw Provielais or sold Artiele 5 Feist your ;ionorabl* City Cowicil subizit to t.* qu&lLflod Voters Of said city at "ad election a proposition for t , 09-o api?ravaa or rojection or tr* plana w-4 terms got rortn In t.,.,:b ropm*,,. Of 7 �0 V 420 of W)Q A 6 ti�e m4 044. Newwr-1, ;�eac"� your ii4m Ci* *,.ar , M, ;Y cQtawil a.hi t ;* ty-:& q%drled voters or said cuy at said. olectior, a ftr um approval or said a eftwnt with nA* Irilp* €o any, A G R E E M E N T THIS AGREEMENT made and entered into this IP.CL day of /y/ 1957, by and between THE IRVINE COMPANY, a corporation organized and existing under the laws of the State of West Virginia (hereinafter referred to as "IRVINE "), and the CITY OF NEWPORT BEACH, a municipal corporation organized and existing in the State of California under and by virtue of a charter duly ratified and approved (hereinafter sometimes referred to as "NEWPORT BEACH "), and the CITY OF COSTA MESA, a municipal corporation organized and existing in the State of California under and by virtue of the general laws of said State (hereinafter sometimes referred to as "COSTA MESA "), W I T N E S S E T H: WHEREAS, each of said cities is in need of a water storage reservoir, with water transmission lines and appurtenant works, for impounding and distributing water for municipal pur- poses in each of said cities; and, WHEREAS, said cities have entered into a joint powers agreement for the acquisition, construction, maintenance and operation of such water storage reservoir and appurtenant trans- mission lines and other works, pursuant to Article 5, Chapter 10, Part 2, Division 3, Title 4, and Article 1, Chapter 5, Division 7 of Title 1 of the California Government Code; and, WHEREAS, pursuant to said provisions of said Government Code, each of said cities intends to and will submit to its qualified voters for approval or rejection the terms and plans -1- A„eement 2 for the acquisition and construction of said joint project, including the terms of this agreement, and a proposition to authorize the issuance of bonds by each of said cities to finance the cost of the acquisition and construction of said joint project; and, WHEREAS, it is necessary that said cities acquire from IRVINE the reservoir site and the easements for access road and appurtenant water transmission lines hereinafter designated to enable said cities to construct and carry out said joint project; and, WHEREAS, IRVINE is willing to convey said reservoir site and appurtenant easements upon and subject to the reser- vations, covenants and restrictions hereinafter set forth; and, WHEREAS, the acquisition of said reservoir site and appurtenant easements in accordance with the terms, covenants and agreements as set forth in this agreement will result in substantial saving to both of said cities and is in the public interest; NOW, THEREFORE, for and in consideration of the mutual promises and agreements hereinafter set forth and the performance thereof, the parties hereto hereby agree for and on behalf of themselves and their respective successors and assigns in interest, as follows: ARTICLE I A. Upon the delivery of this agreement as hereinafter provided in Article III, and in consideration of and in ex- change for the performance of the covenants and agreements hereinafter provided to be performed by the cities hereinabove named, and each of them, and their respective successors and assigns in interest, but without monetary consideration, -2- • • , . IRVINE hereby agrees to grant and convey to NEWPORT BEACH and COSTA MESA, upon and subject to the reservations, cove- nants and restrictions hereinafter set forth, and for the uses and purposes hereinafter designated, a parcel of land in the County of Orange, State of California comprising 70 acres, more or less, located in portions of the southeast quarter of Block 92, the northeast quarter of Block 93, the northwest quarter of Block 96 and the southwest quarter of Block 97, all in Irvine's Subdivision as shown on map recorded in Book 1, Page 88 of Miscellaneous Maps, records of Orange County, California (hereinafter sometimes referred to as the "reservoir site "). SUBJECT TO an easement of record in favor of Metropolitan Water District of Southern California, for the replacement, repair, maintenance and operation of a water transmission line and its appurtenances. B. The conveyance of the reservoir site shall be made and accepted upon and subject to the following covenants and restrictions which shall operate as covenants and restrictions running with the reservoir site and with the water storage and other appurtenant works and facilities to be constructed and maintained thereon, which covenants and restrictions shall run in favor of and shall be enforceable by IRVINE and its successors and assigns, and shall be binding upon and enforce- able against NEWPORT BEACH and COSTA MESA, or either of them, and their respective successors and assigns, to wit: That said cities shall cause to be constructed in and upon said reservoir site a water storage reservoir and appurtenant works and facilities in accordance with the terms -3- and plans of the joint project as approved by the voters of said cities as aforesaid, and that after said water storage reservoir and appurtenant works and facilities shall have been so constructed and installed in and upon said property, said cities and their respective successors and assigns shall cause the same to be maintained and operated for the purposes hereinabove provided, and for no other use or purpose. C. Upon the delivery of this agreement as hereinafter provided in Article III, and in further consideration of and in exchange for the performance by said cities of the covenants and agreements hereinafter provided, IRVINE agrees to convey to NEWPORT BEACH and COSTA MESA, by written instru- ment, the following easements, subject to the reservations, covenants and restrictions and for the uses and purposes here- inafter set forth, to -wit: (1) A perpetual easement thirty (30) feet in width for the construction, installation, replacement, repair, main- tenance and operation of pipe lines and appurtenant works and facilities for the transmission of water from said reservoir site and across lands of IRVINE extending from said reservoir site to or near the intersection of 22nd Street and Irvine Avenue in the City of Newport Beach, as generally delineated on the map marked Exhibit "1" attached to said joint powers agreement (hereinafter referred to as the "pipe line easement "). (2) A perpetual easement forty (40) feet in width for road purposes for ingress and egress to and from the reservoir site over and across lands of IRVINE from a point on MacArthur Boulevard and thence to the reservoir site by the most practical route to be mutually approved by the parties -4- • • e hereto upon the final survey thereof as hereinafter provided (hereinafter referred to as the "access road easement "). D.. The conveyance of said pipe line easement and access road easement, and each of them, shall be made and accepted upon and subject to the following reservations by and in favor of IRVINE and its successors and assigns, to -wit: (1) The right to construct, install, replace, maintain, operate and use over, under, across and along each of said easements, roads and streets, and pole lines, pipe lines and other facilities for the transmission of oil, water, sewage, electricity, telephone and other purposes not inconsistent with the use of said easements by said cities. (2) The right to use the surface of said pipe line easement, or any part thereof, for grazing, farming and any other purpose that shall not prevent or interfere with the use of said easement by said cities. (3) The right to the joint use of said access road easement, or any part thereof, for road purposes. (4) The right at any time to relocate said access road easement, or any part thereof, and to provide and convey to said cities, subject to the same reservations, covenants and restrictions herein provided, another convenient route or routes therefor without expense to either of said cities, in any of which events all rights of said cities, and each of them, in and to the abandoned portion or portions of said easement shall terminate and each.of said cities shall, in writing, quitclaim all rights in said abandoned portion or portions of said easement to IRVINE. E. The conveyance of said pipe line easement and said access road easement, and each of them, also shall be made and accepted upon and subject to the following covenants and -5- restrictions which shall run with each of said easements, in favor of and enforceable by IRVII3E and its successors and assigns, and binding upon and enforceable against NETdTORT BEACH and COSTA MESA, or either of them, and their respective successors and assigns, to -wit; (1) That the water transmission pipe lines to be constructed and installed in and along said pipe line easement shall be buried at such depth or depths as shall be determined by the consulting engineer of said joint project and as shall be mutually approved by the parties hereto upon the completion, of the final survey and plans therefor. (2) That each of said easements shall be used for the purpose hereinabove set forth in subparagraphs (1) and (2) of section C, respectively, and for no other use or purpose. (3) That the use of said access road easement shall be limited to the authorized agents of the respective parties hereto and shall not be opened or dedicated to use by the general public except by and with the written consent of IRVINE. F. Prior to the conveyance of the reservoir site and the easements hereinabove provided, each of the same shall be surveyed and the description thereof prepared by or under the supervision of the consulting engineer for said joint project, and when such descriptions shall be mutually approved by the parties hereto, a written conveyance of said reservoir site and easements shall be executed in trip- licate by IRVINE accordingly, subject to the reservations, covenants and restrictions hereinabove set forth in sections B, D and E of this Article I, respectively, and all executed copies of said written conveyance shall be deposited in the � 4 I • • I escrow hereinafter provided for in Article III. G. It is understood and agreed that IRVINE shall not be obligated to furnish said cities any title insurance in connection with any of the conveyances hereinabove provided. ARTICLE II A. In consideration of and in exchange for the conveyance hereinabove provided for in Article I. and simultaneously therewith and as a part of the instrument of conveyance, NEWPORT BEACH and COSTA MESA, and each of them, hereby agree to grant to IRVINE and its successors and assigns in interest, the right at all times to take water from any of the pipe lines used for the transmission of water from the reservoir hereinabove referred to in Article I, at the same rates and subject to the same rules and regulations as may be established from time to time by NEWPORT BEACH for its water consumers within its city limits, and the right to transport the water so taken to and to use the same on the lands of IRVINNE, or any part thereof, lying within the present boundaries of COASTAL MUNICIPAL WATER DISTRICT but outside of the present boundaries of NEWPORT BEACH and COSTA MESA and LAGUNA BEACH COUNTY WATER DISTRICT, subject, however, to the provisions of Section C. of this Article II. B. NEWPORT BEACH and COSTA MESA, and each of them, hereby further agree to install and thereafter maintain under said joint powers agreement outlets in said water pipe lines for the delivery of water to Irvine as hereinabove provided, at such points thereon as shall be designated by IRVINE and as shall be approved by NEWPORT BEACH as the administrating agent of said joint project, and to install and thereafter maintain -7- f I 1 • • t r at each of said points of delivery a meter for measuring the quantity of water taken by IRVINE therefrom, and IRVINE agrees to pay to said cities the cost of installing said outlets and meters, and IRVINE, at its expense, and without any expense to said cities or either of them, will install and maintain the pipe line for the transportation of the water taken by IRVINE from each of said points of delivery. C. All water taken by IRVINE as hereinabove provided shall be used by IRVINE and /or water users or consumers on any part of the lands of IRVINE hereinabove designated in Section A of this Article II, and not elsewhere; provided, that if and when any portion of said lands is annexed to NEWPORT BEACH or to COSTA MESA or to LAGUNA BEACH COUNTY WATER DISTRICT and water for such annexed land is supplied thereto by or through any of said public agencies, the rights of IRVINE to use water taken as aforesaid on such annexed land shall terminate; and provided further, that if and when all of the lands of IRVINE hereinabove designated shall be so annexed and shall be so supplied with water, all rights of IRVINE to take water as provided in this agreement shall terminate. ARTICLE III This agreement shall be executed in triplicate and all executed copies thereof shall be deposited in escrow with such bank or trust company as the parties hereto shall mutually select and shall be held therein pending the submission by NEWPORT BEACH and COSTA MESA to their respective qualified voters for approval or rejection of the terms and plans for the acquisition and construction of said joint project, includ- ing the terms of this agreement, and for the issuance of said Q3 t t I • • [. � I `l bonds to finance the cost thereof, pursuant to the provisions of law applicable thereto. If the qualified voters of either of said cities shall reject the terms and plans for the acqui= sition and construction of said joint project, including the terms of this agreement, and /or shall defeat the proposition for the issuance of said bonds, on or before the date speci- fied therefor in said joint powers agreement, or if on or before said date either or both of said cities shall fail to submit said propositions to their respective qualified voters for approval or rejection, then and thereupon this agreement shall be null and void and all executed copies hereof and of the aforesaid instrument of conveyance if deposited in said escrow, shall be released therefrom and returned to IRVINE. If, however, the qualified voters of both of said cities shall approve the terms and plans for said joint project, including the terms of this agreement, and shall approve the issuance of said bonds, in the manner provided by law and within the time specified in said joint powers agreement aforesaid, and if within nine (9) months thereafter said cities are ready and able to award and shall award the contract or contracts for the construction of said reservoir in accordance with the approved terms and plans of said joint project, then and thereupon this agreement shall become valid and binding and the executed copies hereof and of the aforesaid instrument of conveyance deposited in said escrow shall be released therefrom and a copy thereof shall be delivered to each of the parties hereto. IN WITNESS WHEREOF, IRVINE has caused this agreement to be executed by its officers thereunto duly authorized . I Me .,r , by its Board of Directors, and NEWPORT BEACH and COSTA MESA each has caused this agreement to be executed by its officials thereunto duly authorized by its legislative body. THE IRVINE COMPANY, a corporation E MI President Secretary CITY OF NEWPORT BEACH ATTEST: By City Clerk ATTEST: City Clerk APPROVED AS TO FORM: CITY OF COSTA MESA Um City Attorney of the City of Newport Beach City Attorney of the City of Costa Mesa -10- Mayor Mayor • • JOINT POWERS AGREEMENT OF 1957 BETWEEN CITY OF NEWPORT BEACH AND CITY OF COSTA MESA WHEREAS, the City of Newport Beach (hereinafter sometimes re- ferred to as "Newport Beach "), is a municipal corporation organized and existing in the State of California under and by virtue of a charter duly ratified and approved; and WHEREAS, the City of Costa Mesa (hereinafter sometimes referred to as "Costa Mesa "), is a municipal corporation organized and existing in the State of California under and by virtue of the general laws of said State; and WHEREAS, each of said cities need water storage; and WHEREAS, each of said cities has power to acquire, construct, maintain, repair, manage, operate and control a joint project consisting of a water storage reservoir, with water transmission mains and appurte- nances and appurtenant works, and pursuant to Article 5, Chapter 10, Part 2, Division 3, Title 4 of the Government Code, each city has com- pleted the steps necessary as a prerequisite to the submission of the plans and terms for the acquisition and construction of said joint project to their respective qualified voters for approval or rejection; and WHEREAS, each of said cities intends to submit to its voters a proposition to authorize the issuance of Jonds to pay its share of the cost of the acquisition and construction of said joint project; and WHEREAS, the acquisition and construction of the joint project serving both cities will result in the saving of a substantial sum of money to each city and is in the public interest; and WHEREAS, each city is authorized to contract with the other for the joint exercise of any common power under Article 1, Chapter 5, Division 7, Title 1 of the Government Code; -1- Agreement 1 4 0 NOW, THEREFORE, the CITY OF NEWPORT BEACH and the CITY OF COSTA MESA for and in consideration of the mutual promises and agreements herein- after stated and the performance thereof, and for other valuable and adequate consideration, do promise and agree for and on behalf of them- selves and their successors in interest as follows: - -- - - - -- — -2- r Section 1. Purpose of Agreement, Common Power to be Exercised, Termination. This agreement, made under the provisions of Article 1, Chapter 5, Division 7, Title 1 and Article 5, Chapter 10, Part 2, Division 3, Title 4 of the Government Code, is for the purpose of securing a water supply to each city, and each city has in common the power to acquire, construct, maintain, repair, manage, operate and control the joint project hereinafter described in Section 3 hereof, for its water supply. Said purpose will be accomplished and said common power exercised in the manner hereinafter set forth. Time is of the essence of this agreement. This agreement may be amended, modified, renewed and extended by said cities by mutual consent. Said agreement shall continue for forty (40) years, unless earlier termi- nated by said cities by mutual consent. Unless further agreement is made upon termination of this agreement the city owning the majority interest in any unit of said joint project shad within two months after said termination offer the other city a reasonable price for its mi- nority interest in said unit. If the other city refuses to accept said price,thedatermination of the reasonable price shall be submitted to arbitration as herein provided. Payment of said price shall be made within a reasonable time and concurrent with such payment a con- veyance or conveyances granting the city owning the majority interest in said unit all the right, title and interest of the city owning the minority interest in and to said unit shall be delivered. Unless further agreement is made or unless otherwise provided for in this agreement, upon termination of this agreement after completion of its purpose any surplus money on hand shall be returned in proportion to the contributions made -3- 0 0 Section 2. Newport Beach to Administer. The City of Newport Beach shall, subject to the restrictions set forth in its charter, administer and execute this agreement and do all acts necessary for the exercise of said common power for said purpose.' Contributions shall be made from the treasury of each city as hereinafter set forth for the accomplishment of the purpose of this agreement and the funds paid to Newport Beach may be disbursed by it as hereinafter set forth. Any use or improvement of the land or facilities described herein, other than those uses or improvements necessary to the storage and distribution of water, shall not be permitted unless mutually agreed upon by both cities .. . -4- I 11 n u M Section 3. The Joint Project. The joint project is common to both Newport Beach and Costa Mesa and consists of a water storage reservoir with water transmission mains and appurtenances and appurtenant works and is more particularly described as follows: Unit Al: Unit Al shall consist of a water reservoir with an approximate storage capacity of 1200 acre -feet. The reservoir is to be located on The Irvine Company lands in the San Joaquin Hills northerly of Corona del Mar and easterly of MacArthur Boulevard and occupies a portion of Blocks Nos. 92,93, 96 and 97, the common corner of each lying within the reservoir site. Unit A2: Unit A2 shall consist of a 36 -inch diameter pipe- line relocating the existing Metropolitan Water District of Southern California pipeline at the reservoir site. Unit A3: Unit A3 shall consist of a 36 -inch diameter pipe- line by- passing the existing Metropolitan Water District of Southern California Corona del Mar terminal reservoir. Unit A4: Unit A4 shall consist of all structures necessary for the metering of water discharged into the reservoir and chlorination of water discharged from the reservoir. Unit Bl: Unit B1 shall consist of a 48 -inch diameter pipe- line bearing from the reservoir west- northwest across MacArthur Boule- vard to the southerly side of Big Canyon, thence northwesterly to the first Newport Beach connection at the southerly bluff of Big Canyon and The Irvine Company road in Block No. 56. Unit B2: Unit B2 shall consist of a 36 -inch diameter pipe- line crossing Big Canyon to the northerly side, thence northeasterly along the bluff line to a point northerly of The Narrows. Unit B3: Unit B3 shall consist of a 48 -inch diameter pipe- line crossing Upper Newport Bay._......... —5- Unit B4: Unit B4 shall consist of a 36 -inch diameter pipe- line bearing westerly to the second Newport Beach and Costa Mesa connections at 22nd Street and Irvine Avenue. The reservoir site and pipeline route are shown in Exhibit 1. i" IM i� 0 0 Section 4. Ownership of Joint Project. The cities shall own the joint project'as tenants in common in the following proportions in the several parts thereof: Unit Percentage Ownership Item Newport Beach Costa Mesa Al 51% 49% A4 51% 49% BI 55.2% 44.8% B2 25% 75% B3 25% 75% B4 25% 75% Upon termination of this agreement said ownership shall continue as it was on the date of said termination until changed by further agree- ment or pursuant to this agreement. Units A2 and A3 are to be a part of the joint project in that the cost of each is to be shared 51% by Newport Beach and 49% by Costa Mesa, and each is to be acquired and constructed pursuant to this agreement, but since each is a modification of the existing facilities of the Metropolitan Water District of Southern California each is to be owned by said district and not by said cities -7- 0 0 Section 5. Capacity Rights in the Reservoir. Each city shall have capacity rights in the reservoir in proportion to its ownership, which shall remain the same regardless of the amount of water used or stored. Each city may lease its storage capacity only to the other i Section 6. Construction. 0 The costs of the acquisition and construction of the units of the joint project as described in Section 3 hcreof shall be shared by each city in proportion to the ownership thereof. Newport beach shall acquire and construct said joint project. The original plans and specifications as a unit or in parts for the acquisition and con- struction of said joint project shall be made by the jointly selected project engineer (s), and approved by both cities. Said joint project may be acquired or constructed as a unit or in parts in the discretion of Newport Beach. These approved plans and specifications for the acquisition and construction of said joint project, or a part thereof, if modified by Newport Beach, shall be submitted to Costa Mesa which shall have thirty (30) days to study said modifications and return them with recommendations to Newport Beach. If said plans and speci- fications as modified are approved by Costa Mesa before said thirty (30) days elapses Newport Beach shall proceed immediately to acquire and construct said joint project. If said thirty (30) days elapses and Costa Mesa does not return said plans and specifications with recommendations respecting the modifications, Newport Beach shall proceed immediately to acquire and construct said joint project. If Costa Mesa returns said plans and specifications as modi- fied with recommendations for modifications thereto within said thirty (30) days, Newport Beach shall consider the desirability of the recom- mendations. Said recommendations are advisory only. Newport Beach, in its discretion, may make what modifications it finds desirable or none whatever and shall immediately proceed to acquire and construct said joint project. Costa Mesa expressly agrees that the decision of Newport Beach with respect to all modifications to the plans and specifications shall be final and conclusive. Newport Beach shall proceed with the acquisition and con- struction of said joint project and continue the same to completion with all practical dispatch and in an economical manner. Any time after the opening of bids and before awarding a contract Newport Beach shall notify Costa Mesa of the amount of its liability on • • said contract and Costa Mesa shall deposit with Newport Beach, which the City Treasurer shall keep in a special fund, the amount of its liability in said contract, plus a reasonable surplus for contingencies. If practicable, such funds shall be invested so that the same shall draw interest. In letting all contracts, Newport Beach shall require the contractor to furnish a bond for faithful performance and a bond for labor and material. If, after completion of the acquisition and construction of any unit of said joint project and the payment of the contract price therefor, there remains surplus money in the special fund kept for the payment thereof said surplus money shall be returned in proportion to the contribution made. Costa Mesa expressly agrees that the decisions of Newport Beach as to advertisement for bids, award of contracts, and the amount of liability of the cities thereunder shall be final and con- clusive -LO- I Section 7. Maintenance and Operation. Newport Beach shall receive water into the reservoir and maintain and operate said reservoir and the rest of the joint pro- ject in an efficient manner, and maintain and preserve said joint project in good order and top efficiency, all in accordance with recognized engineering practices. Newport Beach shall be responsi- ble for the metering of water into and out of the reservoir so that it can be determined how much water each city is using and how much water each city has stored in the reservoir. Meters shall be read at reasonable intervals and losses calculated. Newport Beach shall inspect the joint project at reasonable intervals (but this shall not prevent Costa Mesa from making its own inspections at any time so long as the operation of the joint project is not hindered). The costs of maintenance and operation of the units of the joint projects as described in Section 3 hereof shall be shared by each city in proportion to ownership thereof. All other costs of maintenance and operation not directly attributable to a unit of said project shall be shared by each city in proportion to total ownership in the project. -11- Section 8, Repair. Said joint project shall be maintained by Newport Beach in good working order and top efficiency. Expenditures required to keep such project in such order and efficiency are maintenance and operation expenses, and are not considered "repair ". Breaks, failure of parts, damage and the like items which are not part of every day operation and maintenance are considered repair and it shall be the duty of Newport Beach to make such repairs. The costs of such repair of the units of the joint project as described in Section 3 hereof shall be borne by each city in proportion to owner- ship thereof. In the event of a major disaster (whether from natural causes such as earthquake and the like or man made such as explosion, attack by nuclear weapons and the like) it might not be desirable and in the public interest to repair or rebuild said joint project, If either city so decides it shall, within one hundred eighty(180) days from said disaster, notify the other, and then the other city may proceed to repair and reconstruct such joint project, and should such repairs and reconstruction be made, the proportionate ownership and capacity rights of the non - participating city shall be reduced by what would have been its proportionate share of said re- pair and construction cost. The reasonable value of the participat- ing city's share shall be proportionately increased_....._ . ._...__.._ -- -12- Section 9. Records and Accounts. Newport Beach shall keep proper books of records and i accounts in which complete and correct entries shall be made of all transactions (including all receipts and disbursements) re- lating to the acquisition, construction, administration, mainten- ance, operation and repair of said joint project. Said books and records shall, upon written request be subject to inspection, by any duly authorized representative of Costa Mesa. Said books and accounts shall be audited annually by an independent certified public accountant or firm of certified public accountants appointed by Newport Beach, and a copy of the report of such accountant or accountants shall be delivered to both cities. The expense of said audit and other record keeping and accounting costs shall be shared equally by Newport Beach and Costa Mesa_. - -13- Section 10. Insurance. Newport Beach shall at all times maintain with responsi- ble insurers all such insurance on said joint project as is customarily maintained with respect to works and property of like character against loss of or damage to such works or property. Newport Beach shall also maintain with responsible insurers work- men's compensation insurance and insurance against public liability and property damage to the extent reasonably necessary to protect both cities. The cost of such insurance shall be borne equally by the two cities.—__ -14- Section 11. Arbitration. All controversies arising out of this agreement or the refusal of either city to perform the whole or any part thereof shall be settled by arbitration in accordance with the statutory provisions of the State of California then in force. Three arbi- trators shall be appointed, one by Newport Beach, one by Costa Mesa, and the third by the first two. Each city shall within thirty days appoint its nominee when requested in writing by the other to do so. Within fifteen days after the last city has appointed its nominee, the two nominees shall appoint the third. None of the arbitrators shall be a resident of or taxpayer in, or own property in, or have a place of business in, or be employed in, or be an officer or employee of either city. The arbitrators shall reduce the facts and their conclusions of law and the award to writing, and shall sign the same and deliver one signed copy thereof to each city, and from the time of such delivery such award shall become effective. A majority finding shall govern if the arbi- trators' determination is not unanimous. The cost of arbitration shall be borne equally_— _....._.__ . _— -15- 0 Section 12. Severability. 0 If any section, subsection, sentence, clause or phrase of this agreement, or the application thereof, to either city, or any other person or circumstance is for any reason held invalid, the validity of the remainder of the agreement or the application of such provision to the other city, or to any other person or circumstance shall be deemed severable and shall not be effected thereby. Each city hereby declares that it would have entered into this agreement and each section, subsection, sentence, clause and phrase thereof irrespective of the fact that one or more section, subsection, clause or phrase, or the application thereof to either city, or any other person or circumstance be held inval -16- n u Section 13. Effective Date. 9 This joint powers agreement shall be valid and binding as of the date of execution hereof, but there shall be no liability under it unless bonds to pay the cost of the acquisition and con- struction of said joint projects are authorized by the voters of both cities, and if said bonds are not authorized before June 30, 1957, this joint powers agreement shall be null and -17- i IN WITNESS WHEREOF, each city trhich is a party hereto has caused this instrument to be executed by its respective officials theretofore duly authorized by the legislative bodies thereof. APPROVED AS TO FORM City Attorney of the City of Newport Beach ATTEST: City Clerk ATTEST: City Clerk m CITY OF NEWPORT BEACH By Mayor CITY OF COSTA MESA By Mayor ��E � 7 � �s v xr�. 7 �� 4(r<M�,r,•rf"� �/` /✓-'Ji -, �"Y 'F1�1/.'/ / L9 t a I h o o N h 14 ^ N n N n h \ ` k Y s h m° °` w� °p °h °O am a° r +� �, s /,✓i-� Spry. L��'- r it - f� i. \� h. •W w° 2♦ o w o a w w w +- w l 3 00 �O oa qop °p °o pC po t� 1 \ �� /� O 2�. OI 3"- ♦ ♦ 37'i 3 ti �' i w � w R ��� ,- W °o i o eo mo oe op oo R,u a�" � �>p�J �'� V f(✓ -� ��'.a � lJr) ?'r .� r. Q Q u342y Hm2 V W � r r t\ � y �� i� L 4 k O Q Q Q ` — y 'o b ♦ b ♦ a � �. r l �" Z lj- d O i i Q 0 O m O r Wry l:S✓ VA I rdlrl / r �l F V111 27 .e._� / `° ""'�yr °�; �a � i-� � _\ ref � •l' , rte' 4 �. °� _ Y y�J d ✓ / r ..- `w7: i r / r F l as- lk if \ IS � 1 m. �. CH . n b (J 9 .m a L / S r e k 2 r r J .. r , j. �I • • JOINT POWERS AGREEMENT OF 1957 BETWEEN CITY OF NEWPORT BEACH AND CITY OF COSTA MESA WHEREAS, the City of Newport Beach (hereinafter sometimes re- ferred to as "Newport Beach "), is a municipal corporation organized and existing in the State of California under and by virtue of a charter duly ratified and approved; and WHEREAS, the City of Costa Mesa (hereinafter sometimes referred to as "Costa Mesa "), is a municipal corporation organized and existing in the State of California under and by virtue of the general laws of said State; and WHEREAS, each of said cities need water storage; and WHEREAS, each of said cities has power to acquire, construct, maintain, repair, manage, operate and control a joint project consisting of a water storage reservoir, with water transmission mains and appurte- nances and appurtenant works, and pursuant to Article 5, Chapter 10, Part 2, Division 3, Title 4 of the Government Code, each city has com- pleted the steps necessary as a prerequisite to the submission of the plans and terms for the acquisition and construction of said joint project to their respective qualified voters for approval or rejection; and WHEREAS, each of said cities intends to submit to its voters a proposition to authorize the issuance of bonds to pay its share of the cost of the acquisition and construction of said joint project; and WHEREAS, the acquisition and construction of the joint project serving both cities will result in the saving of a substantial sum of money to each city and is in the public interest; and WHEREAS, each city is authorized to contract with the other for the joint exercise of any common power under Article 1, Chapter 5, Division 7, Title 1 of the Government Code; -1- Ll NOW, THEREFORE, the CITY OF NEWPORT BEACH and the CITY OF COSTA MESA 40 for and in consideration of the mutual promises and agreements herein- after stated and the performance thereof, and for other valuable and adequate consideration, do promise and agree for and on behalf of them- selves and their successors in interest as follows: -2- 9 0 Section 1. Purpose of Agreement, Common Power to be Exercised, Termination. This agreement, made under the provisions of Article 1, Chapter 5, Division 7, Title 1 and Article 5, Chapter 10, Part 2, Division 3, Title 4 of the Government Code, is for the purpose of securing a water supply to each city, and each city has in common the power to acquire, construct, maintain, repair, manage, operate and control the joint project hereinafter described in Section 3 hereof, for its water supply. Said purpose will be accomplished and said common power exercised in the manner hereinafter set forth. Time is of the essence of this agreement. This agreement may be amended, modified, renewed and extended by said cities by mutual consent. Said agreement shall continue for forty (40) years, unless earlier termi- nated by said cities by mutual consent. Unless further agreement is made upon termination of this agreement the city owning the majority interest in any unit of said joint project shall within two months after said termination offer the other city a reasonable price for its mi- nority interest in said unit. If the other city refuses to accept said price, the datermina t ion of the reasonable price shall be submitted to arbitration as herein provided. Payment of said price shall be made within a reasonable time and concurrent with such payment a con- veyance or conveyances granting the city owning the majority interest in said unit all the right, title and interest of the city owning the minority interest in and to said unit shall be delivered. Unless further agreement is made or unless otherwise provided for in this agreement, upon termination of this agreement after completion of its purpose any surplus money on hand shall be returned in proportion to the contributions made. -3- Section 2. Newport Beach to Administer. The City of Newport Beach shall, subject to the restrictions set forth in its charter, administer and execute this agreement and do all acts necessary for the exercise of said common power for said purpose. Contributions shall be made from the treasury of each city as hereinafter set forth for the accomplishment of the purpose of this agreement and the funds paid to Newport Beach may be disbursed by it as hereinafter set forth. Any use or improvement of the land or facilities described herein, other than those uses or improvements necessary to the storage and distribution of water, shall not be permitted unless mutually agreed upon by both cities. -4- 0 9 Section 3. The Joint Project. The joint project is common to both Newport Beach and Costa Mesa and consists of a water storage reservoir with water transmission mains and appurtenances and appurtenant works and is more particularly described as follows: Unit Al: Unit Al shall consist of a water reservoir with an approximate storage capacity of 1200 acre -feet. The reservoir is to be located on The Irvine Company lands in the San Joaquin Hills northerly of Corona del Mar and easterly of MacArthur Boulevard and occupies a portion of Blocks Nos. 92, 93, 96 and 97, the common corner of each lying within the reservoir site. Unit A2: Unit A2 shall consist of a 36 -inch diameter pipe- line relocating the existing Metropolitan Water District of Southern California pipeline at the reservoir site. Unit A3: Unit A3 shall consist of a 36 -inch diameter pipe- line by- passing the existing Metropolitan Water District of Southern California Corona del Mar terminal reservoir. Unit A4: Unit A4 shall consist of all structures necessary for the metering of water discharged into the reservoir and chlorination of water discharged from the reservoir. Unit B1: Unit B1 shall consist of a 48 -inch diameter pipe- line bearing from the reservoir west- northwest across MacArthur Boule- vard to the southerly side of Big Canyon, thence northwesterly to the first Newport Beach connection at the southerly bluff of Big Canyon and The Irvine Company road in Block No. 56. Unit B2: Unit B2 shall consist of a 36 -inch diameter pipe- line crossing Big Canyon to the northerly side, thence northeasterly along the bluff line to a point northerly of The Narrows. Unit B3: Unit B3 shall consist of a 48 -inch diameter pipe- line crossing Upper Newport Bay. 0 0 Unit B4: Unit B4 shall consist of a 36 -inch diameter pipe- line bearing westerly to the second Newport Beach and Costa Mesa connections at 22nd Street and Irvine Avenue. The reservoir site and pipeline route are shown in Exhibit 1. 10 Section 4. Ownership of Joint Project. The cities shall own the joint project as tenants in common in the following proportions in the several parts thereof: Unit Percentage Ownership Item Newport Beach Costa Mesa Al 51% 49% A4 51% 49% Bi 55.2% 44.8% B2 25% 75% B3 25% 75% B4 25% 75% Upon termination of this agreement said ownership shall continue as it was on the date of said termination until changed by further agree- ment or pursuant to this agreement. Units A2 and A3 are to be a part of the joint project in that the cost of each is to be shared 51% by Newport Beach and 49% by Costa Mesa, and each is to be acquired and constructed pursuant to this agreement, but since each is a modification of the existing facilities of the Metropolitan Water District of Southern California each is to be owned by said district and not by said cities. -7- • • Section 5. Capacity Rights in the Reservoir. Each city shall have capacity rights in the reservoir in proportion to its ownership, which shall remain the same regardless of the amount of water used or stored. Each city may lease its storage capacity only to the other. 0 Section 6. Construction. • The costs of the acquisition and construction of the units of the joint project as described in Section 3 hereof shall be shared by each city in proportion to the ownership thereof. Newport Beach shall acquire and construct said joint project. The original plans and specifications as a unit or in parts for the acquisition and con- struction of said joint project shall be made by the jointly selected project engineer (s), and approved by both cities_ Said joint project may be acquired or constructed as a unit or in parts in the discretion of Newport Beach. These approved plans and specifications for the acquisition and construction of said joint project, or a part thereof, if modified by Newport Beach, shall be submitted to Costa Mesa which shall have thirty (30) days to study said modifications and return them with recommendations to Newport Beach. If said plans and speci- fications as modified are approved by Costa Mesa before said thirty (30) days elapses Newport Beach shall proceed immediately to acquire and construct said joint project. If said thirty (30) days elapses and Costa Mesa does not return said plans and specifications with recommendations respecting the modifications, Newport Beach shall proceed immediately to acquire and construct said joint project. If Costa Mesa returns said plans and specifications as modi- fied with recommendations for modifications thereto within said thirty (30) days, Newport Beach shall consider the desirability of the recom- mendations. Said recommendations are advisory only. Newport Beach, in its discretion, may make what modifications it finds desirable or none whatever and shall immediately proceed to acquire and construct said joint project. Costa Mesa expressly agrees that the decision of Newport Beach with respect to all modifications to the plans and specifications shall be final and conclusive. Newport Beach shall proceed with the acquisition and con- struction of said joint project and continue the same to completion with all practical dispatch and in an economical manner. Any time after the opening of bids and before awarding q contract Newport Beach shall notify Costa Mesa of the amount of its liability on • • said contract and Costa Mesa shall deposit with Newport Beach, which the City Treasurer shall keep in a special fund, the amount of its liability in said contract, plus a reasonable surplus for contingencies. If practicable, such funds shall be invested so that the same shall draw interest. In letting all contracts, Newport Beach shall require the contractor to furnish a bond for faithful performance and a bond for labor and material. If, after completion of the acquisition and construction of any unit of said joint project and the payment of the contract price therefor, there remains surplus money in the special fund kept for the payment thereof said surplus money shall be returned in proportion to the contribution made. Costa Mesa expressly agrees that the decisions of Newport Beach as to advertisement for bids, award of contracts, and the amount of liability of the cities thereunder shall be final and con- clusive. r -10- 0 • Section 7. Maintenance and Operation. Newport Beach shall receive water into the reservoir and maintain and operate said reservoir and the rest of the joint pro- ject in an efficient manner, and maintain and preserve said joint project in good order and top efficiency, all in accordance with recognized engineering practices. Newport Beach shall be responsi- ble for the metering of water into and out of the reservoir so that it can be determined how much water each city is using and how much water each city has stored in the reservoir. Meters shall be read at reasonable intervals and losses calculated. Newport Beach shall inspect the joint project at reasonable intervals (but this shall not prevent Costa Mesa from making its own inspections at any time so long as the operation of the joint project is not hindered). The costs of maintenance and operation of the units of the joint projects as described in Section 3 hereof shall be shared by each city in proportion to ownership thereof. All other costs of maintenance and operation not directly attributable to a unit of said project shall be shared by each city in proportion to total ownership in the project. -11- 0 0 Section 8. Repair. Said joint project shall be maintained by Newport Beach in good working order and top efficiency. Expenditures required to keep such project in such order and efficiency are maintenance and operation expenses, and are not considered "repair ". Breaks, failure of parts, damage and the like items which are not part of every day operation and maintenance are considered repair and it shall be the duty of Newport Beach to make such repairs. The costs of such repair of the units of the joint project as described in Section 3 hereof shall be borne by each city in proportion to owner- ship thereof. In the event of a major disaster (whether from natural causes such as earthquake and the like or man made such as explosion, attack by nuclear weapons and the like) it might not be desirable and in the public interest to repair or rebuild said joint project. If either city so decides it shall, within one hundred eighty(180) days from said disaster, notify the other, and then the other city may proceed to repair and reconstruct such joint project, and should such repairs and reconstruction be made, the proportionate ownership and capacity rights of the non - participating city shall be reduced by what would have been its proportionate share of said re- pair and construction cost. The reasonable value of the participat- ing city's share shall be proportionately increased. -12- • • Section 9. Records and Accounts. Newport Beach shall keep proper books of records and accounts in which complete and correct entries shall be made of all transactions (including all receipts and disbursements) re- lating to the acquisition, construction, administration, mainten- ance, operation and repair of said joint project. Said books and records shall, upon written request be subject to inspection, by any duly authorized representative of Costa Mesa. Said books and accounts shall be audited annually by an independent certified public accountant or firm of certified public accountants appointed by Newport Beach, and a copy of the report of such accountant or accountants shall be delivered to both cities. The expense of said audit and other record keeping and accounting costs shall be shared equally by Newport Beach and Costa Mesa. -13- Section 10. Insurance. Newport Beach shall at all times maintain with responsi- ble insurers all such insurance on said joint project as is customarily maintained with respect to works and property of like character against loss of or damage to such works or property. Newport Beach shall also maintain with responsible insurers work- men's compensation insurance and insurance against public liability and property damage to the extent reasonably necessary to protect both cities. The cost of such insurance shall be borne equally by the two cities. -14- • • Section 11. Arbitration. All controversies arising out of this agreement or the refusal of either city to perform the whole or any part thereof shall be settled by arbitration in accordance with the statutory provisions of the State of California then in force. Three arbi- trators shall be appointed, one by Newport Beach, one by Costa Mesa, and the third by the first two. Each city shall within thirty days appoint its nominee when requested in writing by the other to do so. Within fifteen days after the last city has appointed its nominee, the two nominees shall appoint the third. None of the arbitrators shall be a resident of or taxpayer in, or own property in, or have a place of business in, or be employed in, or be an officer or employee of either city. The arbitrators shall reduce the facts and their conclusions of law and the award to writing, and shall sign the same and deliver one signed copy thereof to each city, and from the time of such delivery such award shall become effective. A majority finding shall govern if the arbi- trators' determination is not unanimous. The cost of arbitration shall be borne equally. -15- • Section 12. Severability. If any section, subsection, sentence, clause or phrase of this agreement, or the application thereof, to either city, or any other person or circumstance is for any reason held invalid, the validity of the remainder of the agreement or the application of such provision to the other city, or to any other person or circumstance shall be deemed severable and shall not be effected thereby. Each city hereby declares that it would have entered into this agreement and each section, subsection, sentence, clause and phrase thereof irrespective of the fact that one or more section, subsection, clause or phrase, or the application thereof to either city, or any other person or circumstance be held invalid. -16- Section 13. Effective Date. This joint powers agreement shall be valid and binding as of the date of execution hereof, but there shall be no liability under it unless bonds to pay the cost of the acquisition and con- struction of said joint projects are authorized by the voters of both cities, and if said bonds are not authorized before June 30, 1957, this joint powers agreement shall be null and void. -17- IN WITNESS WHEREOF, each city 'which is a party hereto has caused this instrument to be executed by,its respective officials theretofore duly authorized by the Legislative bodies thereof. APPROVED AS TO FORM City Attorney of the City of Newport Beach ATTEST: City Clerk ATTEST: City Clerk CM CITY OF NEWPORT BEACH BY. Mayor CITY OF COSTA MESA By Mayor C4 C4 Y � 4) 2 ry � Q � O O O O .t °, \/ \\ c nom' v,i � \\�•/ I S 2 Alt l V � h \ f MF W p h \ �340in z ° Q4 (^ Q W WQW r F z7 t (, ....,..... \ SSA E6 a 3 z _ Ave ' It --r ca — 8 0 ) X \ 'P � 1 ` ` L ' l \ y aA/ w �t•F� ' Y U r E ' J r� \ n' s w / l \ y aA/ w �t•F� ' Y U r E ' J A G R E E M E N T THIS AGREEMENT made and entered into this day of , 1957, by and between THE IRVINE COMPANY, a corporation organized and existing under the laws of the State of West Virginia (hereinafter referred to as "IRVINE "), and the CITY OF NEWPORT BEACH, a municipal corporation organized and existing in the State of California under and by virtue of a charter duly ratified and approved (hereinafter sometimes referred to as "NEWPORT BEACH "), and the CITY OF COSTA MESA, a municipal corporation organized and existing in the State of California under and by virtue of the general laws of said State (hereinafter sometimes referred to as "COSTA MESA "), W I T N E S S E T H: WHEREAS, each of said cities is in need of a water storage reservoir, with water transmission lines and appurtenant works, for impounding and distributing water for municipal pur- poses in each of said cities; and, WHEREAS, said cities have entered into a joint powers agreement for the acquisition, construction, maintenance and operation of such water storage reservoir and appurtenant trans- mission lines and other works, pursuant to Article 5, Chapter 10, Part 2, Division 3, Title 4, and Article 1, Chapter 5, Division 7 of Title 1 of the California Government Code; and, WHEREAS, pursuant to said provisions of said Government Code, each of said cities intends to and will submit to its qualified voters for approval or rejection the terms and plans -1- Ll for the acquisition and construction of said joint project, including the terms of this agreement, and a proposition to authorize the issuance of bonds by each of said cities to finance the cost of the acquisition and construction of said joint project; and, WHEREAS, it is necessary that said cities acquire from IRVINE the reservoir site and the easements for access road and appurtenant water transmission lines hereinafter designated to enable said cities to construct and carry out said joint project; and, WHEREAS, IRVINE is willing to convey said reservoir site and appurtenant easements upon and subject to the reser- vations, covenants and restrictions hereinafter set forth; and, WHEREAS, the acquisition of said reservoir site and appurtenant easements in accordance with the terms, covenants and agreements as set forth in this agreement will result in substantial saving to both of said cities and is in the public interest; NOW, THEREFORE, for and in consideration of the mutual promises and agreements hereinafter set forth and the performance thereof, the parties hereto hereby agree for and on behalf of themselves and their respective successors and assigns in interest, as follows: ARTICLE I A. Upon the delivery of this agreement as hereinafter provided in Article III, and in consideration of and in ex- change for the performance of the covenants and agreements hereinafter provided to be performed by the cities hereinabove named, and each of them, and their respective successors and assigns in interest, but without monetary consideration, -2- IRVINE hereby agrees to grant and convey to NEWPORT BEACH and COSTA MESA, upon and subject to the reservations, cove- nants and restrictions hereinafter set forth, and for the uses and purposes hereinafter designated, a parcel of land in the County of Orange, State of California comprising 70 acres, more or less, located in portions of the southeast quarter of Block 92, the northeast quarter of Block 93, the northwest quarter of Block 96 and the southwest quarter of Block 97, all in Irvine's Subdivision as shown on map recorded in Book 1, Page 88 of Miscellaneous Maps, records of Orange County, California (hereinafter sometimes referred to as the "reservoir site "). SUBJECT TO an easement of record in favor of Metropolitan Water District of Southern California, for the replacement, repair, maintenance and operation of a water transmission line and its appurtenances. B. The conveyance of the reservoir site shall be made and accepted upon and subject to the following covenants and restrictions which shall operate as covenants and restrictions running with the reservoir site and with the water storage and other appurtenant works and facilities to be constructed and maintained thereon, which covenants and restrictions shall run in favor of and shall be enforceable by IRVINE and its successors and assigns, and shall be binding upon and enforce- able against NEWPORT BEACH and COSTA MESA, or either of them, and their respective successors and assigns, to wit: That said cities shall cause to be constructed in and upon said reservoir site a water storage reservoir and appurtenant works and facilities in accordance with the terms -3- and plans of the joint project as approved by the voters of said cities as aforesaid, and that after said water storage reservoir and appurtenant works and facilities shall have been so constructed and installed in and upon said property, said cities and their respective successors and assigns shall cause the same to be maintained and operated for the purposes hereinabove provided, and for no other use or purpose. C. Upon the delivery of this agreement as hereinafter provided in Article III, and in further consideration of and in exchange for the performance by said cities of the covenants and agreements hereinafter provided, IRVINE agrees to convey to NEWPORT BEACH and COSTA MESA, by written instru- ment, the following easements, subject to the reservations, covenants and restrictions and for the uses and purposes here- inafter set forth, to -wit: (1) A perpetual easement thirty (30) feet in width for the construction, installation, replacement, repair, main- tenance and operation of pipe lines and appurtenant works and facilities for the transmission of water from said reservoir site and across lands of IRVINE extending from said reservoir site to or near the intersection of 22nd Street and Irvine Avenue in the City of Newport Beach, as generally delineated on the map marked Exhibit "1" attached to said joint powers agreement (hereinafter referred to as the "pipe line easement "). (2) A perpetual easement forty (40) feet in width for road purposes for ingress and egress to and from the reservoir site over and across lands of IRVINE from a point on MacArthur Boulevard and thence to the reservoir site by the most practical route to be mutually approved by the parties -4- hereto upon the final survey thereof as hereinafter provided (hereinafter referred to as the "access road easement "). D.. The conveyance of said pipe line easement and access road easement, and each of them, shall be made and accepted upon and subject to the following reservations by and in favor of IRVINE and its successors and assigns, to -wit: (1) The right to construct, install, replace, maintain, operate and use over, under, across and along each of said easements, roads and streets, and pole lines, pipe lines and other facilities for the transmission of oil, water, sewage, electricity, telephone and other purposes not inconsistent with the use of said easements by said cities. (2) The right to use the surface of said pipe line easement, or any part thereof, for grazing, farming and any other purpose that shall not prevent or interfere with the use of said easement by said cities. (3) The right to the joint use of said access road easement, or any part thereof, for road purposes. (4) The right at any time to relocate said access road easement, or any part thereof, and to provide and convey to said cities, subject to the same reservations, covenants and restrictions herein provided, another convenient route or routes therefor without expense to either of said cities, in any of which events all rights of said cities, and each of them, in and to the abandoned portion or portions of said easement shall terminate and each.of said cities shall, in writing, quitclaim all rights in said abandoned portion or portions of said easement to IRVINE. E. The conveyance of said pipe line easement and said access road easement, and each of them, also shall be made and accepted upon and subject to the following covenants and _5_ 0 restrictions which shall run with each of said easements, in favor of and enforceable by IRVINE and its successors and assigns, and binding upon and enforceable against NEWPORT BEACH and COSTA MESA, or either of them, and their respective successors and assigns, to -wit: (1) That the water transmission pipe lines to be constructed and installed in and along said pipe line easement shall be buried at such depth or depths as shall be determined by the consulting engineer of said joint project and as shall be mutually approved by the parties hereto upon the completion of the final survey and plans therefor. (2) That each of said easements shall be used for the purpose hereinabove set forth in subparagraphs (1) and (2) of section C, respectively, and for no other use or purpose. (3) That the use of said access road easement shall be limited to the authorized agents of the respective parties hereto and shall not be opened or dedicated to use by the general public except by and with the written consent of IRVINE. F. Prior to the conveyance of the reservoir site and the easements hereinabove provided, each of the same shall be surveyed and the description thereof prepared by or under the supervision of the consulting engineer for said joint project, and when such descriptions shall be mutually approved by the parties hereto, a written conveyance of said reservoir site and easements shall be executed in trip- licate by IRVINE accordingly, subject to the reservations, covenants and restrictions hereinabove set forth in sections B, D and E of this Article I, respectively, and all executed copies of said written conveyance shall be deposited in the 0 escrow hereinafter provided for in Article III. G. It is understood and agreed that IRVI14E shall not be obligated to furnish said cities any title insurance in connection with any of the conveyances hereinabove provided. ARTICLE II A. In consideration of and in exchange for the conveyance hereinabove provided for in Article I. and simultaneously therewith and as a part of the instrument of conveyance, NE1VPORT BEACH and COSTA MESA, and each of them, hereby agree to grant to IRVINE and its successors and assigns in interest, the right at all times to take water from any of the pipe lines used for the transmission of water from the reservoir hereinabove referred to in Article I, at the same rates and subject to the same rules and regulations as may be established from time to time by NEWPORT BEACH for its water consumers within its city limits, and the right to transport the water so taken to and to use the same on the lands of IRVINE, or any part thereof, lying within the present boundaries of COASTAL MUNICIPAL WATER DISTRICT but outside of the present boundaries of NEWPORT BEACH and COSTA MESA and LAGUNA BEACH COUNTY WATER DISTRICT, subject, however, to the provisions of Section C. of this Article II. B. NEWPORT BEACH and COSTA MESA, and each of them, hereby further agree to install and thereafter maintain under said joint powers agreement outlets in said water pipe lines for the delivery of water to Irvine as hereinabove provided, at such points thereon as shall be designated by IRVINE and as shall be approved by NEWPORI BEACH as the administrating agent of said joint project, and to install and thereafter maintain -7- at each of said points of delivery a meter for measuring the quantity of water taken by IRVINE therefrom, and IRVINE agrees to pay to said cities the cost of installing said outlets and meters, and IRVINE, at its expense, and without any expense to said cities or either of them, will install and maintain the pipe line for the transportation of the water taken by IRVINE from each of said points of delivery. C. All water taken by IRVINE as hereinabove provided shall be used by IRVINE and /or water users or consumers on any part of the lands of IRVINE hereinabove designated in Section A of this Article II, and not elsewhere; provided, that if and when any portion of said lands is annexed to NEWPORT BEACH or to COSTA NiESA or to LAGUNA BEACH COUNTY WATER DISTRICT and water for such annexed land is supplied thereto by or through any of said public agencies, the rights of IRVINE to use water taken as aforesaid on such annexed land shall terminate; and provided further, that if and when all of the lands of IRVINE hereinabove designated shall be so annexed and shall be so supplied with water, all rights of IRVINE to take water as provided in this agreement shall terminate. ARTICLE III This agreement shall be executed in triplicate and all executed copies thereof shall be deposited in escrow with such bank or trust company as the parties hereto shall mutually select and shall be held therein pending the submission by NEWPORT BEACH and COSTA MESA to their respective qualified voters for approval or rejection of the terms and plans for the acquisition and construction of said joint project, includ- ing the terms of this agreement, and for the issuance of said 20 • • bonds to finance the cost thereof, pursuant to the provisians of law applicable thereto. If the qualified voters of either of said cities shall reject the terms and plans for the acqui- sition and construction of said joint project, including the terms of this agreement, and /or shall defeat the proposition for the issuance of said bonds, on or before the date speci- fied therefor in said joint powers agreement, or if on or before said date either or both of said cities shall fail to submit said propositions to their respective qualified voters for approval or rejection, then and thereupon this agreement shall be null and void and all executed copies hereof and of the aforesaid instrument of conveyance if deposited in said escrow, shall be released therefrom and returned to IRVINE. If, however, the qualified voters of both of said cities shall approve the terms and plans for said joint project, including the terms of this agreement, and shall approve the issuance of said bonds, in the manner provided by law and within the time specified in said joint powers agreement aforesaid, and if within nine (9) months thereafter said cities are ready and able to award and shall award the contract or contracts for the construction of said reservoir in accordance with the approved terms and plans of said joint project, then and thereupon this agreement shall J become valid and binding and the executed copies hereof and of the aforesaid instrument of conveyance deposited in said escrow shall be released therefrom and a copy thereof shall be delivered to each of the parties hereto. IN WITNESS WHEREOF, IRVINE has caused this agreement to be executed by its officers thereunto duly authorized . by its Board of Directors, and NEWPORT BEACH and COSTA MESA each has caused this agreement to be executed by its officials thereunto duly authorized by its legislative body. THE IRVINE COMPANY, a corporation President Secretary CITY OF NEWPORT BEACH ATTEST: By City Clerk CITY OF COSTA MESA ATTEST: By City Clerk APPROVED AS TO FORM: City Attorney of the City of Newport Beach City Attorney of the City of Costa Mesa -10- Mayor Mayor NOTICE OF ELECTION Notice is hereby given that a special munici- pal election will be held in the City of Newport Beach on the 14th day of May, 1957, for the purpose of sub- mitting to the qualified voters of the City of Newport Beach for their approval or rejection the plans and terms for the joint acquisition, development and maintenance of a water supply for municipal and domestic purposes by the City of Newport Beach and the City of Costa Mesa and the construction of works necessary for the joint and several purposes and needs of said cities, and for the submission to the qualified voters of said city under Section 420 of the Charter of the City of Newport Beach a certain contract to run for a longer period than twenty -five (25) years. The polls will be opened between the hours of seven o'clock A.M. and seven o'clock P.M. ,city er Dated ; ' C 1 , 1957. ORDINANCE N0. 817 AN ORDINANCE OF Till: CITY OF DtWOR1' BEACH, CALIFORNIA, ORDERING, CALL - ING, PROVIDING FOR AND GIVING NOTICE OF A SPECIAL MUNICIPAL BOND ELECTION TO BE HELD IN THE CITY OF NEWPORT BEACH ON THE 14TH DAY OF MAY, 1957, FOR THE PURPOSE OF SUBMITTING TO THE QUALIFIED VOTERS OF SAID CITY A PROPOSITION TO INCUR BONDED INDEBTED- NESS BY SAID CITY FOR A CERTAIN MUNICIPAL IMPROVEJ%=T. WHEREAS, the City Council of the City of Newport Beach, California, did on the 18th day of March, 1957, by a vote of more ttlan two- thirds of the mom ere of t;ze City Council, adopt Resolution Nu. 4612 , entitled "Resolution of the City Council of the City of Newport Beacn, California, determining that the public interest and necessity demand the acquisition and construction of a certain municipal improvement, and making findings relating; thereto ", which said resolution was duly signed and approved by the Mayor of said city and attested and certified by the City Clerk of said city; NOWS T14MIEFOREy the City Council of the City of Newport Beach, California, DOES ORDAIN as follows: Section 1. That a special municipal bond elec- tion be held and the same is hereby called to be held in the City of Newport Beach, California, on the 14th day of May, 1957, for the purpose of subAdtting to the qualified voters of said city a proposition of incurring indebtedness and iaeuing bonds of said city therefor, in the amount Ll hereinafter set forty, and for t eee objects and purposes set forth in said resolution and hereinafter stated. Section 2. That tare object " purpose for whic'., said Indebtedness is to be Incurred and bonds issued tilerefor is as follows; The acquisition and construction by the City of Newport Beach of a certain. municipal Improvement, to wit: works for the storage* transmission and distribution of water necessary and proper for supply - In& water for the use of t_,e city and its inn - Habitants (Including the cit '& sham of the cost of a water stora. rerservoir, water transmission lines, and appurtenances and appurtenant works to be jointly owned with the City of Costa resat), and includ- lnw; the acquisition of all lands, easements, pipe, plumps, valves, fittings, .meters, machinery, apparatus and otter property necessary therefor. 5:ation 3. That the estimated cost of trhe munlvipzal improveenwat, described in Section 2 :neresof is t:ee' sLwi of G, ) and that the amount of the principal of the indebtedness to be incurred Vierafor is tree Sum of Section 4. 'pleat tree maximum. rate of Interest to be paid on the indebtedness incurred for the purpose 2. • stated in this ordinance shall not exceed the maximum rate permitted by law, to wit, six per cent (6 %) per annum, payable annually for the first year and semi- annually thereafter; the actual rate or rates of interest on said bonds to be determined at or prior to the time of the sale or sales thereof. Section 'j. That if the proposition for the incurring of bonded indebtedness so submitted receives the requisite number of votes, to wit, two- thirds of the votes of the qualified electors voting on said proposition, bonds of said city in not exceeding the principal amount stated in said proposition shall be issued and sold for the object and purpose not forth In said proposition. Section 6. That the polls for said election shall be opened said election ar said time until when said polls in Section 5734 of California. at seven o'clock A.M. on the day of ui shall remain open continuously from seven o'clock P.M. of tine same day, shall be closed, except as provided of the Keetione Code of the State Section 7. That on the ballots to be used at said special election, in addition to any other matters required by law, there shall be printed substantially the followings 3. MARK CROSS ( +) ON BALLOT ONLY WITH RUBBER STAMP; NSVE.R WITH PEN OR Rill , 1- INSTRUCTIONS TO VCTBRS To vote on any measure, stamp across W In the voting square after the word "YES or after the word "NO ". All marks, except the Bross ( +) are forbidden. All dis- tinguishing marks or erasures are forbidden and make the ballot void. If you wrongly stamp, tear or deface this ballot, return it to the inspector of election and obtain another. On absent voter ballots mark a cross ( +) with pen or pencil. Section 8. A arose (+) placed in the voting square after the word "YES" in the :canner hereinbefore provided shall be counted in favor of the adoption of the preposition. A cross ( +) placed in the voting 4. BOND PROPOSITION: Shall the City of Newport Beach ' incur a bonded indebtedness In the principal sum of $ for the pur- _ pose o!"'tEe+ acquisition and YES construction by said city of i a certain municipal improve- meat, to wit: works for the storage, transmission and distribution of water neces- sary and proper for supplying s water for the use of the city ' and its Inhabitants (includ- ` ` -- ' Ing the city's share of the cost of a water storage reser- voir, water transmission lines, and appurtenances and ap- purtenant works to be jointly a owned with the City of Costa Mesa), and including the NO acquisition of all lands, = s easements, pipe, pumps, valves, fittings, meters, machinery, apparatus and other property necessary therefor? i Section 8. A arose (+) placed in the voting square after the word "YES" in the :canner hereinbefore provided shall be counted in favor of the adoption of the preposition. A cross ( +) placed in the voting 4. square after ti:e word *NO* in t..e manner hereinbefore provided shall be counted against the adoption of the proposition. Section 9. That for the purpose of :holding said special municipal bond election there shall be and are hereby establiailed eighteen ( 18 ) voting precincts designated as hereinafter stated. Each such voting; precinct shall consist of a consolidation of regular election precincts in the City of Newport Beach (of the numbers hereinafter stated) established for tree holding of state and county elections, as said regular election precincts exist on the date of adop- tion of this ordinance. That the polling places for the respective precincts shall be the places herein- after designatedy and that the persons hereinafter named, being competent and qualified electors and residents of said city and of t.xeir respective voting precincts, are hereby appointed officers of election for their respective voting precincts and they shall hold said election and make return thereof in the manner provided by law. Voting precinct 1 shall consist of regular election precincts Newport Beach 1 and 24 Polling Maces Lytle Residence 267 - 40th Street Newport Beach Inspectors Blanche L. Lytle, 207 - 40th Street, Newport Beach Judge: Florence M. Gifford, 122 - 40th Street, Newport Beach Clerks Phyllis L. Engelke, 6801 Seashore Drive, Newport Beach Clerk: Josephine Cubbage, 415 - 38th Street, Newport Beach 5. 0 0 Voting precinct 8 shall Consist of regular election precincts Newport Beach 2 and 3 Polling Places City Hall 3300 Newport Boulevard "art Beach Inspector: Julia Mae Eggert, 1608 West Ocean Front, Newport Beach Judges Aurelia Niemic, 1611 West Balboa Boulevard, ort Beach CIs =k: Dorothy Ftobinison, 1 West Ocean Front, Newport Beach Clerks Geraldine McNiel, 1501 West Balboa Boulevard, Newport Beach Voting precinct 3 shall consist of regular election precincts Newport Beach 4 and 5 Polling Pieces Fire Station, 703 East Bay, Balboa Inspector: J. M. M. Leonard, 301 Alvarado Place, Balboa Judge: William L. Humphreys, 307 East Edgewater, Balboa Clerk: Arthur J. Lowell, 106 F Street, Balboa Clerk: Madge M. Perduyn, 305 Alvarado Place, Balboa Voting precinct 4 snail consist of regular election precincts Newport Beach 6 and 16 Polling, Place: Hyer Garage 200 Abalone Balboa Island Inspector: Elsie E. James, 333 Marine Avenue, Balboa Island Jude: Irma R. Rutter, 325 Grand Canal, Balboa Island Clerks Lottie Docker, 323 Grand Canal, Balboa Island Clerk: Marcia Lowe, 118 Marine Avenue, Balboa Island 6. Voting precinct 5 shall consist of regular election precincts Newport Beach 7 and 32 Fallir:6 Place: Corona del Mar Firs Hall 410 Marigold Avenue Corona del Mar Inspectors Grace A. Mustard, 721 Heliotrope Avenue, Corona del Mar Judges Marion L. King, 611 Iris Avenue, Corona del Mar Clerk: Lydia Jones, 618 Heliotrope Corona del Her Clark: Mabel McKay, 707 Jasmine, Corona del Mar Voting precinct 6 shall consist of regular election precincts Newport Beach 8 and 17 Polling Place= Grammar School 14th and Balboa Boulevard, Newport Beach Irnspeec or: Basel M. Jones, 514 West Ocean Front, Newport Beach dudgec Georgette M. Gordon, 1111 West Balboa Boulevard, Piew09 Beach Clerk: Dorothy C. Evans, 30099 Lindo, Newport Beach Clerk: Jan Dorcy, 614 West Ocean, Newport Beach Voting precinct 7 shall consist of regular election precincts Newport Beach 9 and 34 Polling place: Soule Residence 433 Holmwood Drive Newport Beach Inspector: Jean C. Soule, 433 Holmwood Drive, Newport Beach Judges Mildred Merrell, 421 Holmwood Drive, Newport Beach Clerk: Charlene Rose, 429 Holmwood Drive, Newport Beach Clerk: Gladys R. Sackett, 416 Holmwood Drive, Newport Beach 7. • • Voting precinct 8 shall co*isist of regular €1acrlon precincts Nit Beach 10, 12 and 28 Fulling rues l Frueehan Residence 208 Opal Balboa Island Inspectors Virginia G. Alexander, 222% Collins Avenue, Balboa Island Judges Burdetto Gay, 308 Ruby, Balboa Island Clerks Dorothy Fruehan, 208 Opal, Balboa Island Clerk: Ruth Ibbotson, 112 Opal, Balboa Island Voting precinct 9 shall consist of regular election precincts Newport Beach ill 26 and 37 Polling Places Hitchcock Garage 619 Via Lido Soud Newport Beach Inspector: Marjorie E. Letto, 104 Via Yells, Newport Beach Judge; Helen spies, 100 Via Quito, Newport Beach Clerki Doreen D. Marshall, 107 Via Florence, Clerk: Newwpport Beach Frances Martindsale, 101 Via Ravenna, Newport Beach Voting, precinct 20 shall consist of regular election precincts Newport Beach 13 and 33 Polling P;.ace: Bear Residence 213 Iris Corona del Mar Inspector: Katherine A. Burton, 225 Janine, Judge: Corona del k ar Cora E. Bear, 213 Iris, Corona del Mar Clerks Gladys S. Carl, 214 Iris, Corona del Mar Clerk: Mabel Watson, 226 Jasmine, Corona del Mar Q E E Votia pr"Inct 21 s iail corsist or regular election precincts Newport Beach 140 21 and 38 Dolling k-1---cat Corona del Her Grammar School 610 Carnation Corona del Mar Inspector: Helen Z. Randel, 518 Dahlia, Corona del Mar Judges Rebecca A. Roberds, 614 Avocado, Corona del Mar Clerki Harriet Smith, 621 Acacia, Corona del liar Clerk: Mary M. Wilson, 605 Acacia Corona del Mar votin precinct 12 allacU consist or regular election precinctu Newport Beach 15 and 20 Polling, Flace: Smith Garage 511 Aliso Newport Beach Inspector: Lucille Smith, 511 Aliso, Newport Beach Jud4e. Lela D. McMillan, 540 Redlands, Newport Beach Clerk: Marie Kimball, 518 Aliso, Newport Beach Clerki Jean McMillan, 2812 Broad Street, Newport Beach Voting precinct 13 $hall consist or regular election precinct-3 Newport Beach 18 and 25 Polling Face: Deitrich Residence 519 35th Street Newport Beach Inaiector: Lucille Deitrich, 519 - 35th Street, Newport Beach Judge: Elsie Newland, 217 33d Street, Newport Beach Clerk: Clara Keeler, 3313 Finley, Newport Beach Clerk: Mamie Navice, 209 - 29th Street, Newport Beach a E 0 Voting precinct 14 shall consist of regular election Precincts Newport Beach 19 and 28 Polling Plaea[, Schwan Residence 2017 Miramar Drive Newport Beach Inspector: Harold C. Ahrendt, 2050 Ocean Boulevard, Newport Beach Judge.. Elizabeth S. Waltze, 1530 Ocean Boulevard, Newport Beach Clerks Jan McDonald, 1536 Ocean Boulevard, Newport Beach Clerks Antoinette M. Keith, 1541 Miramar, Newport Beach Voting precinct 15 shall consist of regular elections precincts Newport Beach 22 and 30 cAiling Placer Cunningham Residence 505 Poinsettia Corona del Mar Inspector; Martha M. Cunmingham, 505 Poinsettia, Corona del Mar Judge: Margaret McKamy, 418 Narcissus, Corona del Mar Clerks Lois C. Gould, 518 Poinsettia, Corona del Mar Clerks Alvah Ann Van Dyke, 428 Narcissus, Corona del Mar Voting precinct 1b small consist of regular election prscincts Newport Reach 23 and 31 Polling places Lee Residence 222 Marigold Corona del Mar Inspectors Patricia Shedaker, 329 Poinsettia, Corona del Mar Judges Grace Kehoe, 309 Poinsettia, Corona del Mar Clerks Helen Hummell, 329 Orchid, Corona del Mar Clerks Martha Lee Segelhorst, 320 Poinsettia, Corona del Mar 10. 0 Voting precinct 17 shall consist of regular election precincts Newport Beach 27 and 36 Palling Place Horace Ensign School Irvine Avenue & Cliff Drive Newport Beach inspector: Lyla R. Dawson, 2001 Cliff Drive, Newport Beach Judges Betty Wright Downing, 1019 Clay street, Newport Beach Clerks Edith Gesley, 2000 Coral Place, Newport Beach Clerk: Elsie Miller, 2004 Coral Place, Newport Beach Voting precinct 18 sha-11 consist of regular election precincts Nw..rport Beach 35 Polling, Places Mitchell Garage 1517 Irvine Avenue Newport Beach Inspectors Catherine Mitchell, 1517 Irvine Avenue, Judges Ora Welty, 484 East 15N thoStreet,h Newport Beach Clerk: Mina L. Mitchell, 2500 East 15th Street, Clerk: Gertrude Worthen, 221rt Beach Margaret Drive Newport Beach 11. 0 • i Section ' ` hat 3xcept as otherwise provided _n tints ordinance, the election called hereby small be conducted as provided by lase for other municipal elec- tions in said city. Section 11. Tiat the City Council of said city shall meet at its usual place of mesting in the City Hall on Tuesday, the 21st day of No, 1957, at 7t3C o'clock 4'.i., of said day, and proceed to canvass the election returns and declare the result of said election. Section 12. That the City Cleric shall certify to ti,e passage " adoption of this ordinance by a vote of more than two- thirds of all of the nembers of the City Council of said city, and shall canes this ordinance to be published once a meek.for.two (2) weeks in the NEWPORT HARBOR ENSIGN, a newspaper of general circula- tion, printed and published less than six (6) days a creek in said city. No other notice of such election need be given. Section 13. This ordinance shall take effect upon its adoption, AMPTED# SIGNED AND APPROVED this day of , 1957. ATTEST s CIty Clerk of the City of Newport Beachy California (SEAL) 12, or of e CITY or Newport Beach, California • • STATE OF CALIFORNIA COUNTY OF ssa ordou CITY OF I, City Clerk of the City of forma, DO HEREBY CERTIFY that the-for ce was int- roduced and read at a regular meeting of the City Council duly held on t e day of , l9 and thereafter at a regular me` eting_of saaCity Council duly held on the day of , 19,7 was reread, duly passed and adopted by said City CouncA and signed and approved by the Mayor of said City, and that said ordinance was passed and adopted by a vote of more than two - thirds of the members of said City Council., to wits AYES. Councilmen NOES. ABSENT' (SEAL) Councilmen Councilmen STATE OF CALIFORNIA COUNTY OF CITY OF K&WPORT BUM City Clerk of the City of Newport Beach, California as, I, 9 City Clerk of the City of orn a, DO HEREBY CERTIFY that the above g is a full, true and correct copy of Ordinance No. of said city and that said ordinance was adopted at the time and by the vote stated on the certificate attached thereto, and has not been amended or repealed DatedB a '95,T City Clerk of the City of (SEAL) Newport Bach, California ig. RLWLUTI ©N No. H (n k ,a- RESOLUTION ap MM CITY COUNCIL OF T" CITY OF NEWFW WACH, CALIFORNIA* DETur° 118ING T" THE PUBLIC INTAMT AND NECLUITY MMAND THA ACQUISITION "D CONSTRUCTION OF A CERTAIN MUNICI- PAL I"RDVLMZNTs AND MING FINDINGS RSLATINO THZRM * The City Couneil of the City of Newport Beach, California, DOES BERESY ltI$OLVE, DETERKINJI AND ORM as follower Section 1. That the public interest and necessity demand the acquisition and construction by the City of Newport Beach of a certain municipal improvement, to wit: works for the storage, trans - mission and distribution of water necessary and proper for supplying water for the use of the city and its Vviabitants (Including the city 's shore of the cost of a neater storage reservoir, water transmission linsa, and appurtenances and appurtenant works to be jointly owned with the City of Costa Reaa), and includ- ing trio aequiaitior: of all lands, easements, pipe, Pumps, valves, fittings, metere, machinery, apparatus and other properVj necessary therefor. That the entimated coat of said municipal Improvement is the sum of $ Sanction 2. That said municipal 14Wrovement 0 0 requires an txperditure *eater than t.w amount allowed for it by Ltee annual tax levy. Sect oa 3. That said municipal improvement Is necessary and Co nvenient to earry out Vne obfectei purposes and power& of tiie City of Newport Beach. ADOPTED, SOIGN iD AND APPROVED this day of 1957. A71'"T s Clery of rte City o Newport Beach, California (.3ZAL) Z. or of ate City or Newport Beach, California STATE OF CALIFORNIA COUNTY OF CA�SEtGR as. CITY OF 1PURT BEACH I, , City Clerk of the City o , a ornia, DO HEREBY CERTIFY that the foregoing resolu ion was duly adopted by the City Council of said city and was approved by the Mayor of said city at a regular meeting of said City Council held on the —day of , 1S7 , and that it was so adopted as follows: AYES: Councilmen NOES: ABSENT: (SEAL) STATE OF CALIFORNIA Councilmen Councilmen City Clerk o a City o Newport Beach, California COUNTY OF N949 ) as. CITY OF �-- -• -- ) �i£iA1�9R�'°Y• •'�meoi� I, ,City Clerk of the City of , a ornia, DO HEREBY CERTIFY that fore going is a full, true and correct copy of Resolution No. , and that the same has not been amended or repea e .- (SEAL) DATED: , 19 ;a- City Clerk of e City of Newport Beach, California RESOLUTION Pic. 4 b lI RESOLUTION OF 'PER CITY COUNCIL OF THE CITY OF NMWRT SEACKs CALIFORNIA APPROVING PLOS AND TERM MPRTES BY THE COMMISSION FOR ACQUIRING AND 14AINTAINING .A WATER SUPPLY AND ORDER - INOa CALLING AND PROVIDING FOR A SPHdIAL ELECTION TO BE HEW IN SAID CITY ON THE 14TH DAY OF NAY, 1957s, FOR THE PURPOSE OF SUBMITTING TO WM QUALIFIAD'VOTERS OF SAID CITY A PROPOSITION FOR THE APPROVAL OR REJECTION OF SAID PLANS AND TERM AND A PROPOSITION FOR THE APPROVAL OF A CERTAIN CONTRACT AND CONSOLIDAT- ING SAID ELECTION WITH THE SPECIAL MUNICIPAL BOND ELECTION TO BE HEW IN SAID CITY ON SAID DATE. The My Council of tqo City of Newport Beach, California, DOES H&My RESOLVE* DETEMINE AND ORDER as ftl Iowa s Section 1. That pursuant to the provisions of Article 50 C- auwter 10. apart 2, Division 3 of Title 4 of the Government Code, this City Council has appointed Cowlssioners to meet with like Commissioners from the City of Costa tsa and consider the desirability of the Joint acquisition, development and maintenance of a water supply for municipal and domestic purposes, and the construction of work& necessary for the Joint and several purposes and the needs of both cities. Said COeenisaioners have considered the plans and terms they doom feasible and equitable, and have agreed with like Co isaloners from the City of Costa Mesa upon said plans and terms and have reported them to this City Council. Ar.taChed herewith marked Ervilbit A. and made a part hereof, is a Copy of said report oT said Commissioners, Said report and the plsns and terms contained therein are hereby Approved. Section p. Tnat a special election be held and tine same is hereby called to be held in ttw City of Newport Beads on t(w Ath day of may, 1957, for te.e Purpose of submittiasg to the qualified voters of said city for their approval or rejection said plans and terms approved herein WA for the purpose of submitting to tee qualified voters of said city under Station 420 of tae Curter of the City Of Newport Beach a certain contract to run for a longer period traan twenty -five (25) years. Section 3. That if said plan and terms and Contraota are approved by a majority of the voters vot- ing oar each of the propositions at said election, this city amW begin developing or acquirins- the grater supply In accordance with said plants asui terms and said con - tracts shall be valid and binding, Scotian 4. That the polls for said election shall be opened at seven *'Cloak A,X, of the day of said election and shall remain open continuously from said time until seven o'clock P,M. of the same day, when said poll* shall be closed, except as provided in S+erction 5734 of the gleetlons Code of the State of California. 8. • • Section 5. That on the ballots to be used at said special election, in addition to any other matters required by Saw, there shall be printed sub- stantially the following$ MARK CROSSES W ON &UJM ONLY WITH RUMR STAM?i NEVER WITH PEN OR PSOCIL. IALi OTS MAY Im Rue= WITH PEN AND in INS'iR CTIONS1 TO VOTERS To vote on any measure, stamp a cross { +" In the voting squaws ifter the word "YES or after the word "NO . All marks except the cross (+) are forbidden. All dis- tcguishing marks or erasures are forbidders and make tha ballot void. If you wrongly stamp, tear or deface this ballot, return It to the Inspector of election and obtain another. On absent voter ballots :nark a crass ( +) with pea or pencil. 3. PROPOSITION Nth. 2 - PLANS AND TERMS FOR `RATER SUPPLY, i0m t s POWERS AGRELv ttT: !Shall the s : : plans and terms for the joint a i acquisition, development and a s a • maintenance of a water supply : : for municipal and domestic i YES ; purposes by the City of Newport c : Beach and tha City of Costa mesa e s and the construction of works necessary for the joint and s , several purposes and needs of : said cities, all as set forth : : in the report of the Commis- t. sioners for the City or Newport t s Beach which was approved by than t a City Council of the City of t t : Newport Beach March 1$, 1957, t and is on file In the office of t NO s : the City Clerk of the City of t t : Newport Beach, Including the : joint powers agreement met forth : in said report (which is for a s s s : to or period than twenty -five a s t (25 ) years), be approvedl • s s 3. • • aectio;x A cross ( +) placed in the voting square after the word "Y88" in the manner horeinbefore provided shall be counted in favor of the adoption of the proposition. A cross (+) placed in the voting aquas after the word "NO" in the manner hereinbefore provided shall be counted against the adoption of the proposition. Section 7. That the special election »ierelw called shall be and is hereby ordered consolidated with the special municipal band election to be hold in said city on Tuesday, the 14th day Of Nay, 1957a and such elections shall'be held In all respects as if there were only one elections and only one form of ballot shall be used thereat. The precincts, polling places, and officers of election for this special election shall be the same as those provided for said special municipal bond elections and said precincts, polling places and officers of election :tee set forth in the ordinance providing for said special municipal bond 4. : PROPOSITION NO. 3 - THE s NFWPOFT UACB.. COSTA WLSA, THk t i f a IRVINE COMPANY CONTRAM Shall e a a a that certain contract between i YES t i s the City of Newport beach, the a i t t City of Costs Me& and The a t r s Irvine Compwq, set forth in the s e i : report of the Comissloners for t a t i the City of Newport Beach which a t i s was approved by the City Council i s i s of ties City of Newport Beaal"t t s March 180 1957s and 1s an file i t t i in the Office of the City Clerk i NO i t a of the City of Newport Beach, i a s s aid w4ich is for a longer period s s t i than twenty -five (25) years, be t approved? s s s t s a s aectio;x A cross ( +) placed in the voting square after the word "Y88" in the manner horeinbefore provided shall be counted in favor of the adoption of the proposition. A cross (+) placed in the voting aquas after the word "NO" in the manner hereinbefore provided shall be counted against the adoption of the proposition. Section 7. That the special election »ierelw called shall be and is hereby ordered consolidated with the special municipal band election to be hold in said city on Tuesday, the 14th day Of Nay, 1957a and such elections shall'be held In all respects as if there were only one elections and only one form of ballot shall be used thereat. The precincts, polling places, and officers of election for this special election shall be the same as those provided for said special municipal bond elections and said precincts, polling places and officers of election :tee set forth in the ordinance providing for said special municipal bond 4. 0 0 elections to Witt ordinance No. , adopted 1957, and entitled "Ao ordinance of the City of Newport Heacho California* orderingO callings providing for and giving notice of sa special municipal bond election to be held in the City of Newport Beach on the 14th day of Kays 19570 for thm purpose of submitting to the 4ualifiea voters of said city a preapositica to incur bonded 1ndebtednese by said city for a certain w nicipal improvement." Section $. That except an otherwise provided in this resoluttcare, the election called hereby shall be hold and conducted as provided by law for other municipal elections its said city. Section 9. That tics City Council of said city s.`aall meet at its usual plus of meting in the City Hall on Tuesday, the 21st dear of Mays 1957, at 7130 o'clock P.!#.s of acid day, and p0ocoed to canvass the elsetioa returns and declare W.e result of said election. Section lei. That the City Clerk shall publish notice of this election substantially its the force set fortax in !elections Cods 9751 (except that the officers &hail be omitted) once in the UNFORT HARBOR ENSION, a newspaper of general circulation published and circulated in said city, not later then the fifty - fourth (54th) day before said election, Not later than forty(40) days prior to said election said City Clerk shall publi:sn in said newspaper a notice substantially in the form provided In Elections Code Section 9754.1s except that said precincts, polling 5. • i placou ar:d olUction officaars shall be referred to by reference " act fart[. in t is resoLition. Saasd City Cleric shall publish in said rim. paper at least twloe before the day of sleation a ra{ AL" sabstantially in the form repaired by Sleations Code Sec- tion 9755r the synopsis to be than ballot propositions hereln met forth. "Id notice shall also contain the report attached hereto as Exhibit A. Section 11. This resolution shall take offset upon its adoption. AMPTED, 31=W AND APPROM tirls darer of March, 1957, ATTEST r cm mom or y o Newport Beach, California (am) 6, or or e y or Newport Reach, Callforala 0 STATE OF CALIFORNIA COUNTY OF ORANGE $a. CITY OF Nj6- idPdR"i' BEACH I, 89jr1lim SCHIMMISR , City Clerk of the City of export Beach a ornia, DO HEREBY i`orego n CERTIFY that thag resolution was duly adopted by the City Council of said city and was approved by the Mayor of said city at a regular meeting of sai City Council held on the day of , 19 9117, and that it was so adopTeT as follows: AYES: Councilmen NOES: Councilmen ABSENT: Councilmen (SEAL) STATE OF CALIFORNIA ) COUNTY OF UPMOR CITY OF AT8MHT BEACH ) City Clerk o the C yo Neerport Beach, California I, KAROW 3CHMMA , City Clerk of the City of yyaach ai3 rnia, DO HEREBY CERTIFY that hep AMand roregoing is a full, true and correct copy of Resolution No. , and that the same has not been amended or repeal- (SEAL) DATED: , 19-51. 7. City Clerk of e city of Newport Beach, California • • RESOLUTION NO, . a tot l RESOLUTION OF Tru CM COTACIL OF THE CITY OF NEWPORT BXA=o CAI3iMIA, APPROVING PLANS AND BY THE COMNISS OURS FOR ACQVV.IUO AND MAINTAINING A WATER SUPPLY AND ORDER- ING CALLING AND PROVIDING JOR A SR61AL UACTION TO BE MBLD IN SAID CITY ON THE 14Th DAY OF MAY, 1957► FOR THE PURPOSE OF SUW41TTING TO THE QUALIno VOTER OF S.im CITY A MPOSITION FOR THE AFPWVAL On REJECTION OF SAID PLANS AND TZi W AIW A PROPOSITIOiN FOR M RPNWAL OF A CERTAIN CQNTRACT AND C=3DLIDAT. ING SAID RLWTION WITH THE SPECIAL MUNICIPAL XXD NLECTM To as mgm IN SAID CITY ON SAID DATE. The City Council of tie City of Newport Beach, California, DORM HAWY i9BOLVR, D&TSMINS MD ORM ae follows Section 1, That pursuant to the provisions or Article y, C.hepter 109 Part 2s Division 3 of Title 4 of the 00vOrnmOnt Cods, this City Council has appointed Comaissioners to met with like Comeissionere from the City of Costa Mesa and consider tim desimbi?ity of ow Joint acquisition, development and maintenance of a ester supply for municipal and domeatic purposes, and the construction of works necessary for the joint Wd several purposes and the nods of bona Cities. said Comlasioners have considered the plates and terms they deem feasible and equitables and have agreed with like Commissioners from the City of Costa ftea upon said places and terms wid nave reported t.-Am to tola City Cesunoil. Attaached ho"witn marked Exhibit As and made a part hereof* is a coo of said report of said Com.iasi4xmrs. Said report and the plans and terms contained taomin are hereby approved. Section 2. That a special election be held aa4 the same is iwreeby called to be hold in the City of Newport Beach an t.m 14th day of mys 195TO for t,-,,* Purpose of subm1ttlas to the qualified voters of said city for t"Ir approval or rejection said plans and texas ayproveed herein and for tai a purpose of subtaittIng to tt.e qualified voters et said city under Section 424 of V,W Charter of Case City of Newport 1leaeh a certain contract to run for a longer period than twenty-five (25) years, etion 3. &4t if said plans and terms and eontraacts am approved by a majority of the voter* vat- iris on Bash of the propositions at *aid elections this city a y begin developing or acquiring ehe grater supply it accordance witr> said plan* and terms and said am- tracts simll be valid and binding. Section 4. That the polls for said election shall be opened said election ae said base until when said polls in section 5734 Caaliforralao at seven 0ee1,00k A.M. of the do of yd shall remain open Continuously from "von *,clock P.m. of the same day, shall be elosed, except an provided of the Blestions Coder of the State of 2. L r� U Section 5. That on the ballots to be used at said special election, in addition to any other matters required by law, there shall be printed sub- stantially the followings MARK CROSSES ( +) ON SMART ONLY, WITH RU R_ STAMP; NMR WITH PEN OR PENCIL. _ e INSTRUCTIONS TO VOTERS To vote on any measure, stamp a cross ( +) In the voting square 9ftsr the word "YES or after the word NO . All :::arks except the arose ( +) are forbidden. All dis- tin,uishivL3 marks or erasures are forbidden and makse this ballot void. If you wrondy at&*, tear or deface this ballot, "turn it to Ww Inspector of' election and obtain smother, on absent voter ballots mark a crass ( +) with pen or pencil. : s PROPOSITION NC, 2- PLANS AND s s s s TERMS FOR WATER SUPPLY JOINT z POWERS AGREEMENT s Shall the • plans and terms tar the joint s s s acpuisition, development and s s r . maintenance of a water supply s s s . for municipal and domestic : YES a purposes: by the City of Newport x s z Beach and the City of Costa Mesa t : s and the construction of works : s z necessary for the joint and s : z several purposes and needs of s s said cities, all as set fortes s s in the report of th*± CcaasI*- *loners for the City of Newport t Beach which was approved by the City Council of the City of s Newport .Beach Parch 1% 1957, z : and is on file in the Office of s NO s : the City Clerk of the City or . Newport Beach, including the z s s joint powers agreement set forte: s In said report (which is for a : s : to ar period than twenty -five 9 s ; (255 years), be approved? z z 3. a t s t e PROPOSITION NO. 3- THE t 1 t s NEWPORT BRAC:i, COSTA H&SA, THE a IWINK COMPANY CONTRACT: Shall a s s that certain contract between x YS a t s the City of Newport reach, the t t t t City of Costa gene and The a a t t Irvine Company, act forth its the a t t s report of the Cominsionsrs for a t : i the City of Newport Beach which a .- I t i was approved by the City Council i t t s of tae City of Newport Beach : a : s Q4arch 18, 1957# +end is an file a t t I in the office of the City Clerk a NO s s t of the City of Newport Beach, t c t t and wiSeh is far a longer period t a e s Haan twenty -five (25) Years, be s : t t approved? s s t 3aotior. 6. A cross ( +) placed in the voting square aster the word "Y89" in the mater heranbefors provided shall be counted in favor of the adoptions of t$xe proposition. A cross ( +) placed In the voting; square after the word "NO". in the manner nereinbefors Provided shall be counted against that adoption of the proposition* Sections 7. That the special election .rwereby called s =hall be and is hereby ordered consolidated with the special viunioipaal bated election to be held in said city on Tuesday, the 14th day of fir, 1957# and such elections shall be held is all respects as if there seers only one election, and only one form of ballot shall be used thereat. IM precincts, polling plaees, and officers of election for this speoial election shall be the same as those provided for said apeciati]: municipal bond elections, and said precincts, polling places and officers of election are set forth in the ordinaince providing for said special monk pal band 4. election, to wit, Ordinance No, , adopted , 1957, and entitled "An ordinance of the City of Newport Beech. California, orderings etlling, providi. -4 for and ,living notice of a special wanielpal bond election to 'Do Held In the City of NeVert Beach on the lath day or mays 1957. for the purpose or subraittiiu; to the qualified voters of said city a proposition to Incur bonded indebtedness by aau city for a certain sMioipaai improvement." Section S. That except as otterwises provided in this resolution the election called hereby shall be held and conducted as pmvided by I" for other mutic*al elections in said cityo section g. That the City Council or said city shall met at. its usual place of Meeting in the C11y Hall on TUesday, the 21st day of fit. 1957s, at 7133 ooelock P.m's of said days and procesed to canvass the election returns and declare the result of said election. Section 10. That the City Clerk shall publish notice of this erection aubetantially in the form set forth in Elections Code 9751 (except that the offioes°t1 shall be omitted) once in the KC4FORT HAEitit7R EMSIONS a newspaper of general oireulatsion publish" and airculaterd in said city, not later t:aen the fifty - fourth (54th) day before said election, Not later tun fortyr (4a ) days prior to aetid election said City Cleric "11 publish in said newepaapet a notice substantially in the form provided in elections Code section $754.10 eru®eyt that said precincts, Polling 5. places and election offieels shall be reftrred to by reference " set kcr" its tats resolution. mid City Cleric shall p►iish In said news- paper at least twit* batons the day of eleetlon a notice substantially in the fusel required by Slootions Code :rec- tion 9755, the synopsis to be the ballot propositions, twroiri rat for W3 * said aotiarr s "Il also eantsin the report attached hereto as Sxhlbit k. section 11. This resolution shrill take effect upon Its adoption* ADOP` IWO ;3i=ZD AND APPROVED this day of garch, 1957, A 'Mw 4 .ivy clog or My A Newport teach, California (SEAT ) b. ar br wit CM or Newport Beach, California 0 STATE OF CALIFORNIA COUNTY OF ORUGH as. CITY OF 141sxj °Coma . 0 I, iii" —qk' SGF 37is8t , City Clerk of the City of 8@n a ornia, DO HEREBY CERTIFY that the—foregoing reso a ion was duly adopted by the City Council of said city and was approved by the Mayor of said city at a regular meeting of sal* City Council held on the day of 19_, and that it was so adop a as follows: (SEAL) AYES: Councilmen NOES: Councilmen ABSENT: Councilmen City Clerk of e City of awpart Beach# Callfamia STATE OF CALIFORNIA COUNTY OF C34WGE j as. CITY OF N F4 HZA H I, KARGM BCHMUDRR , City Clerk of the City of Ne "the Beach a 1 ornia, DO HEREBY CERTIFY that e s ove and rorigoing is a full, true and correct copy of Resolution No. , and that the same has not been amended or repe —MM. — (SEAL) DATED: 19_5L. TO City Clerk of e y o Newport Reach, CAlifomla i • f DATE: TO: FRDN: SUBJECT: • March 18, City Council of the City of Newport Beach. Commissioners or the City of Newport Beach, Report on the plane and terms for the joint acquisition and construction of water supply works for the City of Newport Beach and tae City of Costs Mesa. The undersigned Commissioners have been appointed by your Honorable City Council of the City of Newport Beach pursuant to the provisions of Article S. Chapter 10,. Part 2, Division 3 of.Title 4 of the Government Code. Pursuant to said appointment and direction by your Honorable City Council said Commissioners have met with like Commissioners from the City of Costa Mess and have considered the desir- ability of the joint acgtdsition, development and mainte- nance of a water supply for municipal and domestic purposes .pLnd the construction of works necessary for the joint and several purposes and needs of both cities. Said Commis- sioners have considered the plans and terms they deem desirable, feasible and equitable and have agreed with like Commissioners from the City of Costa Mess upon said plans and terms and report them herewith to your Honorable City Council of Newport Beach, PLANS AND TERMS it is desirable, feasible and equitable that the Cities of Newport Beach and Costa Mesa acquire and construct a joint project which is common to both cities and consists of a water storage reservoir with water • • r 1 1 t transmission mains and appdktenances and appurtenant works, and is more particularly described as followas Unit Ali UrA% Al shall consist of a water reservoir with an approximate stor- age capacity of 1200 acre -feet. The reservoir is to be located an The Irvine Co3epoW lands in the Sass Joaquin Hills northerly of corona del Mar and easterly of KwArthur Boulevard and occupies a portion of Blocks Nos. 92, 93, 96 and 9T, the common corner of each lying within the reservoir site. Unit A2s Unit A2 shall consist of a 36 -inch diameter pipeline relocating the existing Mtetropolitan Water District of Southern California pipeline at the reservoir site. Unit A3: Unit A3 shall consist of a 36 -inch diameter pipeline by- passing the existing Metropolitan Water District of Southern California Corona del Mar terminal reservoir. Unit As Unit A4 shall consist of all structures necessary for the motor- ing of water discharged into the reservoir and chlorination of water disc�-sarged from the reservoir. Unit Bls Unit Bl shall consist of a 48 -inch diameter pipeline bearing from the reservoir west - northwest across 2 0 MacArthur Boulevard to the southerly side of Big Canyon, thence northwesterly to the first Newport Beach connection at the southerly bluff of Big Canyon and The Irvine Company road in Block No. 56. Unit B2t Unit B2 shall consist of a 36 -inch diameter pipeline.crossing Big Canyon to the northerly Side, thence northeasterly along the bluff line to a point northerly of The Narrows. Unit B3t Unit B3 shall consist of a 48 -inch diameter pipeline crossing Upper Newport Bay. Unit B4t unit B4 shall consist of a 36 -inch diameter pipeline bearing westerly to the second Newport Beach and Costa Mesa connections at 22nd Street and Irvine Avenue. The reservoir site and pipeline routes are shown on Suhibit 1 to the "Joint Powers Agreement of 1957 between City of Newport Beach and City Of Costa Mesa" which agree- ment and exhibit are attached hereto, marked "Agreement 1 ", and trade a part hereof. The estimated cost of said entire joint project In $,L q 'i7 4, 3 80.60. The proportionate sharing; of the cost of the acquisition and construction of said joint project by both cities in not forth in said Joint Powers Agreement of 1957, and the estimated cost of Newport 3. 0 Beach ' s share is $ ITS g Rte. It is desirable, feasible and equitable that (in addition to said joint project) the City of Newport Beach acquire and construct works for the storage, trans- mission and distribution of water necessary and proper for supplying water for the use of the city and its inhabitants, including the acquisition Of all lands, easements,.pipe, pumps, valves, fittings, meters, machinery, apparatus and other property necessary therefor. The estimated cost of said additional c . acquisition and construction is $ S3cl . f-00 "do . to be borne entirely by the City of Newport Beach. It is desirable, feasible and equitable for the purpose of securing a water supply to the City of Newport Beach and the City of Costa Mesa and for the acquisition, construction, maintenance, repair, manage- ment, operation and control of said Joint project that said cities should execute said agreement entitled "Joint Powers Agreement of 1957 between City of Newport Beach and City of Costa Mesa". It is desirable, feasible and equitable for the purpose of acquiring the site for said reservoir and the easements for the necessary water transmission lines and access roads tnat said cities execute a certain agreement with The Irvine Company, which said agreement is attached hereto, marked "Agreement 2% and wade a part hereof. It is desirable, feasible and equtable that the cost of the acquisition and construction by the City of Newport Beach of the works for the storage, trans- mission and distributiow of water set forth in this report be paid from the proceeds of general obligation bonds of the city and that your Honorable City Council submit to the qualified voters of said city a proposi- tion of incurring indebtedness and issuing bonds of said city therefor. It is desirable, feasible and equitable in accordance with the provisions of said Article 5 that your Honorable City Council submit to the qualified voters of said city at said election a proposition for the approval or rejection of the plans and terms set forth in this report. It is desirable, feasible and equitable that in accordance with the provisions of Section 420 of the Charter of the City of Newport Beach your Honorable City Council submit to the qualified voters of said city at said election a proposition for the approval of said agreement with The Irvine Company. Respectfully submitted, :t -- .t.a • • a u: robert Shelton$ ! y Manager rl lonn Davis. C y Attorney ommissi tiers of the City 54 of Newport Beach, California JOINT POWERS AGREEMENT OF 1957 BETWEEN CITY OF NEWPORT BEACH AND CITY OF COSTA MESA WHEREAS, the City of Newport Beach (hereinafter sometimes re- ferred to as "Newport Beach "), is a municipal corporation organized and existing in the State of California under and by virtue of a charter duly ratified and approved; and WHEREAS, the City of Costa Mesa (hereinafter sometimes referred to as "Costa Mesa "), is a municipal corporation organized and existing in the State of California under and by virtue of the general laws of said State; and WHEREAS, each of said cities need water storage; and WHEREAS, each of said cities has power to acquire, construct, maintain, repair, manage, operate and control a joint project consisting of a water storage reservoir, with water transmission mains and appurte- nances and appurtenant works, and pursuant to Article 5, Chapter 10, Part 2, Division 3, Title 4 of the Government Code, each city has com- pleted the steps necessary as a prerequisite to the submission of the plans and terms for the acquisition and construction of said joint project to their respective qualified voters for approval or rejection; and WHEREAS, each of said cities intends to submit to its voters a proposition to authorize the issuance of bonds to pay its share of the cost of the acquisition and construction of said joint project; and WHEREAS, the acquisition and construction of the joint project serving both cities will result in the saving of a substantial sum of money to each city and is in the public interest; and WHEREAS, each city is authorized to contract with the other for the joint exercise of any common power under Article 1, Chapter 5, Division 7, Title 1 of the Government Code; -1- Agreement 1 NOW, THEREFORE, the CITY OF NEWPORT BEACH and the CITY OF COSTA MESA for and in consideration of the mutual promises and agreements herein- after stated and the performance thereof, and for other valuable and adequate consideration, do promise and agree for and on behalf of them- selves and their successors in interest as followso - - - -- -2- • • i i Section 1. Purpose of Agreement, Common Power to be Exercised, Termination. This agreement, made under the provisions of Article 1, Chapter 5, Division 7, Title 1 and Article 5, Chapter 10, Part 2, Division 3, Title 4 of the Government Code, is for the purpose of securing a water supply to each city, and each city has in common the power to acquire, construct, maintain, repair, manage, operate and control the joint project hereinafter described in Section 3 hereof, for its water supply. Said purpose will be accomplished and said common power exercised in the manner hereinafter set forth. Time is of the essence of this agreement. This agreement may be amended, modified, renewed and extended by said cities by mutual consent. Said agreement shall continue for forty (40) years, unless earlier termi- nated by said cities by mutual consent. Unless further agreement is made upon termination of this agreement the city owning the majority interest in any unit of said joint project shall within two months after said termination offer the other city a reasonable price for its mi- nority interest in said unit. If the other city refuses to accept said price,thedalermination of the reasonable price shall be submitted to arbitration as herein provided. Payment of said price shall be made within a reasonable time and concurrent with such payment a con- veyance or conveyances granting the city owning the majority interest in said unit all the right, title and interest of the city owning the minority interest in and to said unit shall be delivered. Unless further agreement is made or unless otherwise provided for in this agreement, upon termination of this agreement after completion of its purpose any surplus money on hand shall be returned in proportion to the contributions made_ -3- E Section 2, Newport Beach to Administer. The City of Newport Beach shall, subject to the restrictions set forth in its charter, administer and execute this agreement and do all acts necessary for the exercise of said common power for said purpose. Contributions shall be made from the treasury of each city as hereinafter set forth for the accomplishment of the purpose of this agreement and the funds paid to Newport Beach may be disbursed by it as hereinafter set forth. Any use or improvement of the land or facilities described herein, other than those uses or improvements necessary to the storage and distribution of water, shall not be permitted unless mutually agreed upon by both cities ____ __— .— _..._._ ............._._... -4- 0 • 1 ; Section 3. The Joint Project. The joint project is common to both Newport Beach and Costa Mesa and consists of a water storage reservoir with water transmission mains and appurtenances and appurtenant works and is more particularly described as follows: Unit Al: Unit Al shall consist of a water reservoir with an approximate storage capacity of 1200 acre -feet. The reservoir is to be located on The Irvine Company lands in the San Joaquin Hills northerly of Corona del Mar and easterly of MacArthur Boulevard and occupies a portion of Blocks Nos. 92, 93, 96 and 97, the common corner of each lying within the reservoir site. Unit A2: Unit A2 shall consist of a 36 -inch diameter pipe- line relocating the existing Metropolitan Water District of Southern California pipeline at the reservoir site. Unit A3: Unit A3 shall consist of a 36 -inch diameter pipe- line by- passing the existing Metropolitan Water District of Southern California Corona del Mar terminal reservoir. Unit A4: Unit A4 shall consist of all structures necessary for the metering of water discharged into the reservoir and chlorination of water discharged from the reservoir. Unit B1: Unit B1 shall consist of a 48 -inch diameter pipe- line bearing from the reservoir west - northwest across MacArthur Boule- vard to the southerly side of Big Canyon, thence northwesterly to the first Newport Beach connection at the southerly bluff of Big Canyon and The Irvine Company road in Block No. 56. Unit B2: Unit B2 shall consist of a 36 -inch diameter pipe- line crossing Big Canyon to the northerly side, thence northeasterly along the bluff line to a point northerly of The Narrows. Unit B3: Unit B3 shall consist of a 48 -inch diameter pipe- line crossing Upper Newport Bay —5- I • • Unit B4: Unit B4 shall consist of a 36 -inch diameter pipe- line bearing westerly to the second Newport Beach and Costa Mesa connections at 22nd Street and Irvine Avenue. The reservoir site and pipeline route are shown in Exhibit 1. -6- i, l l -6- Section 4. Ownership of Joint Project. The cities shall own the joint project as tenants in common in the following proportions in the several parts thereof: Unit Percentage Ownership Item Newport Beach Costa Mesa Al 51% 49% A4 51% 49% B1 55.2% 44.8% B2 25% 75% B3 25% 75% B4 25% 75% Upon termination of this agreement said ownership shall continue as it was on the date of said termination until changed by further agree- ment or pursuant to this agreement. Units A2 and A3 are to be a part of the joint project in that the cost of each is to be shared 51% by Newport Beach and 49% by Costa Mesa, and each is to be acquired and constructed pursuant to this agreement, but since each is a modification of the existing facilities of the Metropolitan Water District of Southern California each is to be owned by said district and not by said cities dC Section S. Capacity Rights in the Reservoir. Each city shall have capacity rights in the reservoir in proportion to its ownership, which shall remain the same regardless of the amount of water used or stored. Each city may lease its storage capacity only to the other Section 6. Construction. The costs of the acquisition and construction of the units of the joint project as described in Section 3 hereof shall be shared by each city in proportion to the ownership thereof. Newport Beach shall acquire and construct said joint project. The original plans and specifications as a unit or in parts for the acquisition and con- struction of said joint project shall be made by the jointly selected project engineer (s), and approved by,both cities. Said joint project may be acquired or constructed as a unit or in parts in the discretion of Newport Beach. These approved plans and specifications for the acquisition and construction of said joint project, or a part thereof, if modified by Newport Beach, shall be submitted to Costa Mesa which shall have thirty (30) days to study said modifications and return them with recommendations to Newport Beach. If said plans and speci- fications as modified are approved by Costa Mesa before said thirty (30) days elapses Newport Beach shall proceed immediately to acquire and construct said joint project -. If said thirty (30) days elapses and Costa Mesa does not return said plans and specifications with recommendations respecting the modifications, Newport Beach shall proceed immediately to acquire and construct said joint project. If Costa Mesa returns said plans and specifications as modi- fied with recommendations for modifications thereto within said thirty (30) days, Newport Beach shall consider the desirability of the recom- mendations. Said recommendations are advisory only. Newport Beach, in its discretion, may make what modifications it finds desirable or none whatever and shall immediately proceed to acquire and construct said joint project. Costa Mesa expressly agrees that the decision of Newport Beach with respect to all modifications to the plans and specifications shall be final and conclusive. Newport Beach shall proceed with the acquisition and con- struction of said joint project and continue the same to completion with all practical dispatch and in an economical manner. Any time after the opening of bids and before awarding a contract Newport Beach shall notify Costa Mesa of the amount of its liability on said contract and Costa Mesa shall deposit with Newport Beach, which the City Treasurer shall keep in a special fund, the amount of its liability in said contract, plus a reasonable surplus for contingencies. If practicable, such funds shall be invested so that the same shall draw interest. In letting all contracts, Newport Beach shall require the contractor to furnish a bond for faithful performance and a bond for labor and material. If, after completion of the acquisition and construction of any unit of said joint project and the payment of the contract price therefor, there remains surplus money in the special fund kept for the payment thereof said surplus money shall be returned in proportion to the contribution made. Costa Mesa expressly agrees that the decisions of Newport Beach as to advertisement for bids, award of contracts, and the amount of liability of the cities thereunder shall be final and con - ciusive _._.. -10- 0 • • . . Section 7. Maintenance and Operation. Newport Beach shall receive water into the reservoir and maintain and operate said reservoir and the rest of the joint pro- ject in an efficient manner, and maintain and preserve said joint project in good order and top efficiency, all in accordance with recognized engineering practices. Newport Beach shall be responsi- ble for the metering of water into and out of the reservoir so that it can be determined how much water each city is using and how much water each city has stored in the reservoir. Meters shall be read at reasonable intervals and losses calculated. Newport Beach shall inspect the joint project at reasonable intervals (but this shall not prevent Costa Mesa from making its own inspections at any time so long as the operation of the joint project is not hindered). The costs of maintenance and operation of the units of the joint projects as described in Section 3 hereof shall be shared by each city in proportion to ownership thereof. All other costs of maintenance and operation not directly attributable to a unit of said project shall be shared by each city in proportion to total ownership in the project. _11- Section 8. Repair. Said joint project shall be maintained by Newport Beach in good working order and top efficiency. Expenditures required to keep such project in such order and efficiency are maintenance and operation expenses, and are not considered "repair ". Breaks, failure of parts, damage and the like items which are not part of every day operation and maintenance are considered repair and it shall be the duty of Newport Beach to make such repairs. The costs of such repair of the units of the joint project as described in Section 3 hereof shall be borne by each city in proportion to owner- ship thereof. In the event of a major disaster (whether from natural causes such as earthquake and the like or man made such as explosion, attack by nuclear weapons and the like) it might not be desirable and in the public interest to repair or rebuild said joint project. If either city so decides it shall, within one hundred eighty(180) days from said disaster, notify the other, and then the other city may proceed to repair and reconstruct such joint project, and should such repairs and reconstruction be made, the proportionate ownership and capacity rights of the non - participating city shall be reduced by what would have been its proportionate share of said re- pair and construction cost. The reasonable value of the participat- ing city's share shall be proportionately increased i' i i -12- Section 9. Records and Accounts. Newport Beach shall keep proper books of records and accounts in which complete and correct entries shall be made of all transactions (including all receipts and disbursements) re- lating to the acquisition, construction, administration, mainten- ance, operation and repair of said joint project. Said books and records shall, upon written request be subject to inspection, by any duly authorized representative of Costa Mesa. Said books and accounts shall be audited annually by an independent certified public accountant or firm of certified public accountants appointed by Newport Beach, and a copy of the report of such accountant or accountants shall be delivered to both cities. The expense of said audit and other record keeping and accounting costs shall be shared equally by Newport Beach and Costa Mesa^ __._.._.... ....... ..._._._ - -._. ._._ -13- Section 10. Insurance. Newport Beach shall at all times maintain with responsi- ble insurers all such insurance on said joint project as is customarily maintained with respect to works and property of like character against loss of or damage to such works or property. Newport Beach shall also maintain with responsible insurers work- men's compensation insurance and insurance against public liability and property damage to the extent reasonably necessary to protect both cities. The cost of such insurance shall be borne equally by the two cities -14- Section 11. Arbitration. All controversies arising out of this agreement or the refusal of either city to perform the whole or any part thereof shall be settled by arbitration in accordance with the statutory provisions of the State of California then in force. Three arbi- trators shall be appointed, one by Newport Beach, one by Costa Mesa, and the third by the first two. Each city shall within thirty days appoint its nominee when requested in writing by the other to do so. Within fifteen days after the last city has appointed its nominee, the two nominees shall appoint the third. None of the arbitrators shall be a resident of or taxpayer in, or own property in, or have a place of business in, or be employed in, or be an officer or employee of either city. The arbitrators shall reduce the facts and their conclusions of law and the award to writing, and shall sign the same and deliver one signed copy thereof to each city, and from the time of such delivery such award shall become effective. A majority finding shall govern if the arbi- trators' determination is not unanimous. The cost of arbitration shall be borne equally _.._.__. „ ,.. _ .... -15- Section 12, Severabiliry. If any section, subsection, sentence, clause or phrase of this agreement, or the application thereof, to either city, or any other person or circumstance is for any reason held invalid, the validity of the remainder of the agreement or the application of such provision to the other city, or to any other person or circumstance shall be deemed severable and shall not be effected thereby. Each city hereby declares that it would have entered into this agreement and each section, subsection, sentence, clause and phrase thereof irrespective of the fact that one or more section, subsection, clause or phrase, or the application thereof to either city, or any other person or circumstance be held invalid -16- Section 13. Effective Date. This joint powers agreement shall be valid and binding as of the date of execution hereof, but there shall be no liability under it unless bonds to pay the cost of the acquisition and con- struction of said joint projects are authorized by the voters of both cities, and if said bonds are not authorized before June 30, 1957, this joint powers agreement shall be null and void .--- ..__ ----------- ._..._. -___ -17- i IN WITNESS WHEREOF, each city Vhich is a party hereto has caused this instrument to be executed by its respective officials theretofore duly authorized by the legislative bodies thereof. APPROVED AS TO FORM City Attorney of the City of Newport Beach ATTEST: City Clerk ATTEST: City Clerk -18- CITY OF NEWPORT BEACH BY. Mayor CITY OF COSTA MESA By Mayor x; � '�. 8c Y,'�)�i � USG ,I , . . � �/`.�✓� � I {: O N M � , i%�x :�,��m � �`�✓�.° ._ -rte:. ���� � ?''fJ�� �y / W. O l l 0 N. O N N� Nm 4m Y z n cam' ,Y 9• C -T F9 PRa i /1. i '• xl ;� O; �' p � 0� 8 p w° O w 0 w° R r 1r; ^ 'a. i� �''/ � ��✓ v� y 1 O U W m W et 41 W V. r 1� I � ,.. U� v o-I �^e ��", •. bm. Z. p� R o o b M m b � 'live 1 ��'v;t 'v J A J �� / '•� �v�•`° TS 3 O �. cz Q Q m % 7 7 7 7 y i r til �� j +)� �C �� v l 'r � .• .. ))hsu >. fE' W 3 OEusr � � a Q Qm m v 0 � ,--gr � � ::vS,�/ � ✓s'.. ��„ 1�� j:1� �I/ �. z � �131�// lz lam x r } r y � � 1 " \o-�4wJ O % J d .'• R 99 � ,� � � d .1 \ m E. s ... auoaxs � r - ' I ° I t s •�/ t I 1 •. i Q � j ° L 1 C �`, \. � � L � � <. -.� 2 •!e'er � I r MAU A G R E E M E N T THIS AGREEMENT made and entered into this 1Sth day of March , 1957, by and between THE IRVINE COMPANY, a corporation organized and existing under the laws of the State of West Virginia (hereinafter referred to as "IRVINE "), and the CITY OF NEWPORT BEACH, a municipal corporation organized and existing in the State of California under and by virtue of a charter duly ratified and approved (hereinafter sometimes referred to as "NEWPORT BEACH "), and the CITY OF COSTA MESA, a municipal corporation organized and existing in the State of California under and by virtue of the general laws of said State (hereinafter sometimes referred to as "COSTA MESA "), W I T N E S S E T H WHEREAS, each of said cities is in need of a water storage reservoir, with water transmission lines and appurtenant works, for impounding and distributing water for municipal pur- poses in each of said cities; and, WHEREAS, said cities have entered into a joint powers agreement for the acquisition, construction, maintenance and operation of such water storage reservoir and appurtenant trans- mission lines and other works, pursuant to Article 5, Chapter 10, Part 2, Division 3, Title 4, and Article 1, Chapter 5, Division 7 of Title 1 of the California Government Code; and, WHEREAS, pursuant to said provisions of said Government Code, each of said cities intends to and will submit to its qualified voters for approval or rejection the terms and plans -1- Agreement 2 for the acquisition and construction of said joint project, including the terms of this agreement, and a proposition to authorize the issuance of bonds by each of said cities to finance the cost of the acquisition and construction of said joint project; and, WHEREAS, it is necessary that said cities acquire from IRVINE the reservoir site and the easements for access road and appurtenant water transmission lines hereinafter designated to enable said cities to construct and carry out said joint project; and, WHEREAS, IRVINE is willing to convey said reservoir site and appurtenant easements upon and subject to the reser- vations, covenants and restrictions hereinafter set forth; and, WHEREAS, the acquisition of said reservoir site and appurtenant easements in accordance with the terms, covenants and agreements as set forth in this agreement will result in substantial saving to both of said cities and is in the public interest; NOW, THEREFORE, for and in consideration of the mutual promises and agreements hereinafter set forth and the performance thereof, the parties hereto hereby agree for and on behalf of themselves and their respective successors and assigns in interest, as follows: ARTICLE I A. Upon the delivery of this agreement as hereinafter provided in Article III, and in consideration of and in ex- change for the performance of the covenants and agreements hereinafter provided to be performed by the cities hereinabove named, and each of them, and their respective successors and assigns in interest, but without monetary consideration, -2- IRVINE hereby agrees to grant and convey to NEWPORT BEACH and COSTA MESA, upon and subject to the reservations, cove- nants and restrictions hereinafter set forth, and for the uses and purposes hereinafter designated, a parcel of land in the County of Orange, State of California comprising 70 acres, more or less, located in portions of the southeast quarter of Block 92, the northeast quarter of Block 93, the northwest quarter of Block 96 and the southwest quarter of Block 97, all in Irvine's Subdivision as shown on map recorded in Book 1, Page 88 of Miscellaneous Maps, records of Orange County, California (hereinafter sometimes referred to as the "reservoir site "). SUBJECT TO an easement of record in favor of Metropolitan Water District of Southern California, for the replacement, repair, maintenance and operation of a water transmission line and its appurtenances. B. The conveyance of the reservoir site shall be made and accepted upon and subject to the following covenants and restrictions which shall operate as covenants and restrictions running with the reservoir site and with the water storage and other appurtenant works and facilities to be constructed and maintained thereon, which covenants and restrictions shall run in favor of and shall be enforceable by IRVINE and its successors and assigns, and shall be binding upon and enforce- able against NEWPORT BEACH and COSTA MESA, or either of them, and their respective successors and assigns, to wit: That said cities shall cause to be constructed in and upon said reservoir site a water storage reservoir and appurtenant works and facilities in accordance with the terms -3- and plans of the joint project as approved by the voters of said cities as aforesaid, and that after said water storage reservoir and appurtenant works and facilities shall have been so constructed and installed in and upon said property, said cities and their respective successors and assigns shall cause the same to be maintained and operated for the purposes hereinabove provided, and for no other use or purpose. C. Upon the delivery of this agreement as hereinafter provided in Article III, and in further consideration of and in exchange for the performance by said cities of the covenants and agreements hereinafter provided, IRVINE agrees to convey to NEWPORT BEACH and COSTA MESA, by written instru- ment, the following easements, subject to the reservations, covenants and restrictions and for the uses and purposes here- inafter set forth, to -wit: (1) A perpetual easement thirty (30) feet in width for the construction, installation, replacement, repair, main- tenance and operation of pipe lines and appurtenant works and facilities for the transmission of water from said reservoir site and across lands of IRVINE extending from said reservoir site to or near the intersection of 22nd Street and Irvine Avenue in the City of Newport Beach, as generally delineated on the map marked Exhibit "1 "attached to said joint powers agreement (hereinafter referred to as the "pipe line easement"). (2) A perpetual easement forty (40) feet in width for road purposes for ingress and egress to and from the reservoir site over and across lands of IRVINE from a point on MacArthur Boulevard and thence to the reservoir site by the most practical route to be mutually approved by the parties -4- • 1 1 � • ( l hereto upon the final survey thereof as hereinafter provided (hereinafter referred to as the "access road easement "). D.. The conveyance of said pipe line easement and access road easement, and each of them, shall be made and accepted upon and subject to the following reservations by and in favor of IRVINE and its successors and assigns, to -wit: (1) The right to construct, install, replace, maintain, operate and use over, under, across and along each of said easements, roads and streets, and pole lines, pipe lines and other facilities for the transmission of oil, water, sewage, electricity, telephone and other purposes not inconsistent with the use of said easements by said cities. (2) The right to use the surface of said pipe line easement, or any part thereof, for grazing, farming and any other purpose that shall not prevent or interfere with the use of said easement by said cities. (3) The right to the joint use of said access road easement, or any part thereof, for road purposes. (4) The right at any time to relocate said access road easement, or any part thereof, and to provide and convey to said cities, subject to the same reservations, covenants and restrictions herein provided, another convenient route or routes therefor without expense to either of said cities, in any of which events all rights of said cities, and each of them, in and to the abandoned portion or portions of said easement shall terminate and each of said cities shall, in writing, quitclaim all rights in said abandoned portion or portions of said easement to IRVINE. E. The conveyance of said pipe line easement and said access road easement, and each of them, also shall be made and accepted upon and subject to the following covenants and -5- restrictions which shall run with each of said easements, in favor of and enforceable by IRVINE and its successors and assigns, and binding upon and enforceable against NE14PORT BEACH and COSTA MESA, or either of them, and their respective successors and assigns, to -wit: (1) That the water transmission pipe lines to be constructed and installed in and along said pipe line easement shall be buried at such depth or depths as shall be determined by the consulting engineer of said joint project and as shall be mutually approved by the parties hereto upon the completion of the final survey and plans therefor. (2) That each of said easements shall be used for the purpose hereinabove set forth in subparagraphs (1) and (2) of section C, respectively, and for no other use or purpose, (3) That the use of said access road easement shall be limited to the authorized agents of the respective parties hereto and shall not be opened or dedicated to use by the general public except by and with the written consent of IRVINE. F. Prior to the conveyance of the reservoir site and the easements hereinabove provided, each of the same shall be surveyed and the description thereof prepared by or under the supervision of the consulting engineer for said joint project, and when such descriptions shall be mutually approved by the parties hereto, a written conveyance of said reservoir site and easements shall be executed in trip- licate by IRVINE accordingly, subject to the reservations, covenants and restrictions hereinabove set forth in sections B, D and E of this Article I, respectively, and all executed copies of said written conveyance shall be deposited in the 10 escrow hereinafter provided for in Article III. G. It is understood and agreed that IRVINE shall not be obligated to furnish said cities any title insurance in connection with any of the conveyances hereinabove provided. ARTICLE II A. In consideration of and in exchange for the conveyance hereinabove provided for in Article I. and simultaneously therewith and as a part of the instrument of conveyance, NEWPORT BEACH and COSTA MESA, and each of them, hereby agree to grant to IRVINE and its successors and assigns in interest, the right at all times to take water from any of the pipe lines used for the transmission of water from the reservoir hereinabove referred to in Article I, at the same rates and subject to the same rules and regulations as may be established from time to time by NEWPORT BEACH for its water consumers within its city limits, and the right to transport the water so taken to and to use the same on the lands of IRVINE, or any part thereof, lying within the present boundaries of COASTAL MUNICIPAL WATER DISTRICT but outside of the present boundaries of NEWPORT BEACH and COSTA MESA and LAGUNA BEACH COUNTY WATER DISTRICT, subject, however, to the provisions of Section C. of this Article II. B. NEWPORT BEACH and COSTA MESA, and each of them, hereby further agree to install and thereafter maintain under said joint powers agreement outlets in said water pipe lines for the delivery of water to Irvine as hereinabove provided, at such points thereon as shall be designated by IRVINE and as shall be approved by NEWPORT BEACH as the administrating agent of said joint project, and to install and thereafter maintain -7- at each of said points of delivery a meter for measuring the quantity of water taken by IRVINE therefrom, and IRVINE agrees to pay to said cities the cost of installing said outlets and meters, and IRVINE, at its expense, and without any expense to said cities or either of them, will install and maintain the pipe line for the transportation of the water taken by IRVINE from each of said points of delivery. C. All water taken by IRVINE as hereinabove provided shall be used by IRVINE and /or water users or consumers on any part of the lands of IRVINE hereinabove designated in Section A of this Article II, and not elsewhere; provided, that if and when any portion of said lands is annexed to NEWPORT BEACH or to COSTA MESA or to LAGUNA BEACH COUNTY WATER DISTRICT and water for such annexed land is supplied thereto by or through any of said public agencies, the rights of IRVINE to use water taken as aforesaid on such annexed land shall terminate; and provided further, that if and when all of the lands of IRVINE hereinabove designated shall be so annexed and shall be so supplied with water, all rights of IRVINE to take water as provided in this agreement shall terminate. ARTICLE III This agreement shall be executed in triplicate and all executed copies thereof shall be deposited in escrow with such bank or trust company as the parties hereto shall mutually select and shall be held therein pending the submission by NEWPORT BEACH and COSTA MESA to their respective qualified voters for approval or rejection of the terms and plans for the acquisition and construction of said joint project, includ- ing the terms of this agreement, and for the issuance of said am bonds to finance the cost thereof, pursuant to the provisions of law applicable thereto. If the qualified voters of either of said cities shall reject the terms and plans for the acqui- sition and construction of said joint project, including the terms of this agreement, and /or shall defeat the proposition for the issuance of said bonds, on or before the date speci- fled therefor in said joint powers agreement, or if on or before said date either or both of said cities shall fail to submit said propositions to their respective qualified voters for approval or rejection, then and thereupon this agreement shall be null and void and all executed copies hereof and of the aforesaid instrument of conveyance if deposited in said escrow, shall be released therefrom and returned to IRVINE. If, however, the qualified voters of both of said cities shall approve the terms and plans for said joint project, including the terms of this agreement, and shall approve the issuance of said bonds, in the manner provided by law and within the time specified in said joint powers agreement aforesaid, and if within nine (9) months thereafter said cities are ready and able to award and shall award the contract or contracts for the construction of said reservoir in accordance with the approved terms and plans of said joint project, then and thereupon this agreement shall become valid and binding and the executed copies hereof and of the aforesaid instrument of conveyance deposited in said escrow shall be released therefrom and a copy thereof shall be delivered to each of the parties hereto. IN WITNESS WHEREOF, IRVINE has caused this agreement to be executed by its officers thereunto duly authorized . MOZ by its Board of Directors, and NEWPORT BEACH and COSTA MESA each has caused this agreement to be executed by its officials thereunto duly authorized by its legislative body. THE IRVINE COMPANY, a corporation By President By Secretary CITY OF NEWPORT BEACH ATTEST: By City Clerk ATTEST: City Clerk APPROVED AS TO FORM. City Attorney of the City of Newport Beach City Attorney of the City of Costa Mesa -10- CITY OF COSTA MESA By Mayor City of Newport Beach, California REPORT ON WATER SYSTEM March, 1956 JAMES M. MONTGOMERY CONSULTING ENGINEER 15 NORTH OAKLAND AVENUE PASADENA. CALIFORNIA TI�:,r;;h oa ..,aad Av -nue California Ma Chl. 1956 Irlic Bohol agile' '.i'c cvancil City of Nec-rpo �* P: ckl Nei-q?ort r.�£ach.. VCE Ger_'vLeamen: The "iRt�px:t o;l ehater System" iG a Study of the City of :fe;aport ??c arh water. ny'st -nn. he re -Oort has >,-Cen prcpared in :3ccorlancL with your authori?ati.fx of October 2.' _ 1955- The scoge of VhL report and the surmary Od ikl? i 1 g 114 City of Newport Beach California Report •r WATER SYSTEM March, 1956 JAMES M. MONTGOMERY Consulting Engineer 15 North Oakland Avenue Pasadena 1, California 'ABLE OF CONTENTS SECTION I - GENERAL y 1.01. Scope of report 1.02. Findings (a) Existing water facilities 2.03. (b) Population 2.04. (c) Water requirements 2:05. (d) Sources of water supply 1.03. Recommendations (a) Present program (b) Future program SECTION II - ANALYSIS OF EXISTING WATER FACILITIES 2.01. Genera-'_ 2.02. Water : 3upply Local ground water �a) b) Supplemental supply 2.03. Booster.- pumping stations 2.04. Storage 2:05. Transmission and distribution system (a) General (b) Pressure zones (c) Transmission pipelines (d) Distribution pipelines a SECTION III - POPULATION STUAY 3.01. General 3.02. Present population 3.03. Ultimate population 3.04. Rate of growth of population SECTION IV - WATER RE@UIMMErns 4.01. Present water demands 4.02. Future water requirements (a) Basis for estimate (b) Estimate of ultimate requirement SECTION V SOURCES OF WATER SUPPLY 5.01. General 5.02. Existing ,ground water supply J (a) General (b) Overdraft condition in the East Coastal Plain Pressure Zone I _ �` Page I -1 I -2 I -2 I -2 1 -2 i -3 I -4 i -4 I -5 II -1 II -1 II -1 II -3 II -3 II -5 11 -5 II-5 II -5 II -6 I1 -7 III -1 III -1 III -2 III -2 IV -1 IV -1 IV -1 iv -4 V -1 V -1 V -1 V -1 Page SECTION V - SOURCES OP WATER SUPPLY (font `d ) (c) :Dater quality - City of Newport Beach wells V-2 (d) .Reliability of existing well supply V -3 5,03. Special study - •future ground waiver supply V -4 (a) ieneral V -4 (b) Proposed additional well supply V-4 5.04, Metropolitan Water District V -7 SECiIOW VI - WATER SYSTEM DEK OPMME T 6..01. Master Milan of grater systems development - General VI -1 6..02. Water supply VI -1 6.03• Transmission and distribution system VI -3 (a.) General VI -3 (b) Estimated costs of pipelines VI -6 (c) Upper Newport Bay loop VI -10 (d) Subnarine pipeline crossing VI -12 (e) Connection to 30 -inch transmission line VI -13 at eastern boundary of City CO. Water :storage facilities VI -14 (a) General VI -l4 (b) Present requirements VI -14 (c) Future requirements VI -15 (d) Proposed open reservoir VI -16 (e) Treatment of supply from open reservoir VI -20 (f) Estimated construction costs VI -20 &W Boo Sten pumping stations VI -21 (a) General VI -21 (b) Existing Booster Pumping Station No. 1 VS -22 (c) Booster pumping station. requirements VI -23 (d) Booster pumping station serving Zone III VI -24 (e) Booster pumping stations serving Zone IV VI -24 (f) Booster pulping stations serving Zone V VI -24 V06. SuII`JPiyry of estimated construction costs VI -25 IT a e LIST OF TABLES NO, 'TITLE PAGE 1 WELL AND WELL PUllT DATA II -2 2 BOOSTER PUMPING STATION DATA II -4 3 RESERVOIR' DATA II -5 4 PRESSURE ZONE DATA 11 -6 5 `HISTORICi.L AND PREDICTED POPULATION III -3 6 WATER PRODUCTION AND CONSUMPTION IV -1 7 PUPPIES 01' WATER PER AREAL ZONING IV -3 8 ULTIMATE WATER REQUIREMENT PER LAND USAGE IV -5 9 ULTIMATE WATER REQUIREMENT PER PRESSURE ZONE IV -6 10 ESTIMATED ANNUAL COSTS FOR PROPOSED WELL SUPPLY vs. M.W.D. SUPPLY V -6 i1 ESTIMATED COST OF PROPOSED ALTERNATE WELL FIELD VI -2 12 PIPELINE FLOW TESTS VI -5 13 LOCATION AND ESTIMATED COSTS OF PRESENTLY REQUIRED PIPELINES VI -7,8 14 ESTIMATED COSTS OF FUTURE PIPELINES VI -9 15 WATER STORAGE REQUIREMENTS AT ULTIMATE DEVELOPMENT V1 -16 16 STORAGE ALLOTMENTS IN PROPOSED OPEN RESERVOIR VI -18 17 MAXIMUM DAYS' SUPPLY AVAIIA=i AT FIVE -YEAR PERIODS VI-19 18 ESTIMATED CONSTRUCTION COSTS OF PROPOSED RESERVOIRS VI -21 19 SUMMARY OF BOOSTER PUMPING STATION REQUIREMENTS VI -23 20 ESTIMATED COSTS OF PROPOSED IMPROVEMENTS VI. -25,26 NO. 2 110. LIST OF FIGURES TITTLE PREDICTED POPULATION SCHEMATIC" DIAGRAM Or PROPOSED RESERVOIRS AND PUMP:IdG STATIONS LIST OF PLATES (LOCATE T -� 1�BACK OF RL?ORT) TITLE FOLLOWING PAGE I PROPOSED WATER PRESSURE ZONES IS PROPOSED IMPROVnMTS TO WAIM., SYSTEM III UPPER NE4,-PORT BAY LOOP AND BY -PASS IV GROUND WATER PROFILE ADJACENT TO SANTA ANA RIVER V PROPOSED WELL FIELD AND PIPELINE ROU'T'E III 111 -3 VI -19 ,o = - p " li 12 1 SECTION I e GTITI RAL 1.01. Scope of Report. This repo:t.outlines the studies, findings ana recommendations in Co.nection with a master plan of develop2 -ht arid. expansion for the uater system of the , complete -Newport Beach area, including the Irvi: ?e Ranch area within the Coastal Municipal Water District as far south as Crystal Cove. The report includes the following investigations: 1. Supply. A study has been made of the present and future water .requirements, together with an analysis of sources of supply for this water 2. Area Development. A study hao ,been prepared on how the area may deve3.op and how it should be divided into Pressure Zones for the best ziossible water service. 3. Storage. A study of the requireift rapacity and best lceation of storage facilities to adequately serve thr- area has been prepared, 4. Transmission Facilities. Transmission mains have been sized an-.1 tentatively located so that they will be capable of serving existing and anticipated development. 5. Miscellaaeeus Problems. (a) k%r,. analysis of the distribution system ktas conducted and: re ^ommendations made as to ;pow the system can be improved. _"CTICr N -, -,NE GE4 RAL (b) Studies and rccommendatiuns nave been pre- Ii Dared on pipeline crossings of the channel to reinforce the system. G. Estimates 0I CnSt. EStinlateo of cost have been prepare on all pxapo3ed extensions and im-,- ove reents. 1.02. Findings. (a) E;;dstj_ng Water Facilities. 'Llie major ft-cilities of the: City pres-ntiy consist of: 1. Si.:: wells, four of which produce vater for domestic consumption at a ma-7-iram rate Of 1700 gallons per minute. 2. Fuzz baoster puzaps wiUl a total c��-_,Y?city of 3500 WIP. �L I. 3. q.om connections to the Orarge County Feeder Extension. 4. Three storage re. -fo-irs with a total capacity of '525 raill1cm 1� I 'York, divided �. A �;ra-nm;'.4s�,J.on and sr.ld' in'p ) tvr.) pref-sixmt zoineo, for conveying the -vxter to (b) Pcjpulatf'on. One Mv., 1955 population of llcnTort Rea&, v,)FsF !8,541, TAaen all of the T:rojjose(i amic.xable area. is developed, C 1 6 -.t is "bat t'he tlotal pr),c)'J..1ation wJ11 he � OCjO. -_T'he total a.'era stvvlietj is 354 of the preset area of tlm, city. Of Dcach- (c) W)Lter DuTinC the y.,?. .r lq�-1455r the w�ate): demand lbes?d on produc.tiori -,'as 173 pgalloii3 per -apita per ds.7% tho axens ':?ill. be de "v"oted to large hovmx develop- %t with e.%tens � L ve laridE;ca pia g, an(! -'7:,inL on.,; J derat-oj"l to i D I -3 SECTION I - GENERAL overall trend to greater per capita crater usage, it has been estimated that the water production demand will average 256 gallons per capita per day at ulti=.te development. The water duties (demand per unit area) for the various land -use zones studied have been summarized in Table 7. The ultimate water requirement per acre for different types of land usage is presented in Table 8. Table 9 presents the ultimate water requirement on a water- pressure zone basis (the five water- pressure zones are depicted on Plate I.) The maximum fire - flow demand for water in the study area has been estimated to be 3000 gpm for 10 hours. The location and sizes of pipelines recommended to serve the future area plus recommended pipelines to eliminate inadequacies in the existing .3ystem are shorn on Plate II. The ultimate water- storage capacity required for Newport Beach is estimated to the 111 mg. The water- storage requirements are summarized in Ta.)le 15 and the water- storage facilities are depicted symbolically on ?late II. It has been estimated that the average water- supply demand on the day of maximum use will be 27,000 gpm, at ultimate development. (d) Sources of Dater Suppl. The City of Newport Beach is currently pro ucing crater from wells drilled adjacent to the Santa Ana River, This supply is being extracted from the Talbert water- bearing zone of the East Coastal Plain Pressure Zone. An overdraft condition exists (extraction exceeding replenishment) 4 in the Santa Ana Forebay Area, which is the main source of ground- I I -4. SECTION I - GFRERAL water supply for the Nast Coastal Plain Pressure Zone (see Plate IV). This deficient soarce of supply has perpetuated overdraft conditions in the Fast Coastal Plain Pressure Zone. Compounding this problem is the intrusion of a contaminated ground -water front within the immediate area of the existing well field. An important alternate source of water is the Metropolitan Water District. In the year 195+ -55, 52% of the City's production was supplied by this agency. 1.G3. Recommendations. The several recommendations submitted in this report are summarized by category briefly as follows: (a) Pr =sent Program. 1. Water - wells, Discontinue pumping of Wells P7oa. 8 and lb in an. attempt to extend the life of the existing well field as long as possible. Initiate a study of possible future well supply at a different location than the present well field, if the present sea water front continues to moue inland. 2. Booster station No. 1. Conduct tests on the booster pumps to determine if an increased efficiency will justify the costs of overhaul. 3. Pipelines. Continue the pipe..'ine cleaning prog?am ® in the distribution system. Construct pipelines designated for present construction (see Plate I.-L). 1-5 . SECTION I - CMITERAL 4. Reservoirs. actively participate in the Irvine i Company study- of a large terminal reservoir and the possible construction of said reservoir. (b) Future Program 1. Development of ihtttue areas, Economics of con- struction and utilization of proposed water- storage and pipeline facilities dictate a master plan formulated on controlled development of the area "cone -by- zone ". 2. Water- storage: When the need arises, construct reservoirs for ester Pressure Zones III, IV and V (see Plate II). 3. Pipelines. Construct pipelines required to serve Water Pressure Zones III. IV and V (see Plate II). 4, Booster Pumping Stations. When the need arises, construct the booster stations shown on Plate II and discussed in section 6.05. The estimated cots of the recommended facilities are swT a-rized in T..ble 20. Briefly, the estim- ted cost of the presently required facilities is $3. 11.,000 and the estimated cost of the future required facilities is $3,4891000. t T% -1e SEGTIOKF II AJMJYS.t�4. OF EXISTIM iWATFR FACILITIES 2,01. Genets. The City of Newport Beach water system serves the A incorporated area of the City and additional users in adjacent unincor- porated area such as the Newport Heights Irrigation District and the Irvine Company. In the early history of the systems wells located near the Santa Ana River provided the entire water supply,, whereas today,, reliance for a large portion of the demand must be placed on water purchased from the 6tropol- itan ;later District of Southern California. Delivery of these waters to the consumer is accomplished through a two pressure zone system,, the limits of the two pressure zones being governed by the topography of the area, To formulate a master plan of development and expansion for the water system,, the existing facilities have been investigated and analyzed so that they may be incorporated to the greatest benefit in the master '4 plan. The facilities considered are described in this section, 2,02. lister S M . (a) Local ground Hater. At present there are six city -owned wells which produce water from the Talbert Zone under - lying the Santa Ana River Basin. O£ these six wells,, five produce water suitable for domestic consumption while the grater quality of the sixth well (No. 14) limits its use to irrigation only, The eurrent supply of well Rater for domestic use is being produced by four wells with a combined capacity of apprmcimately 1700 gpm, Physical data on the existing wells and their well pumps are listed below in Table 1. I % I . I 1z 2. 095-11MIL - �AWUIYSIS M�Mzk Mr. _Y17-10P MIN-E-2 A? �.L �MPDA A� Data unavailable Gravity line tAt Beouter Station Ito. I Dine Unit Well Dieneter Depbh Hp Capacity Rena Pumps to Yo, (inchea) (feet) (feet) 8 18" 2402 line n 180 n6G 20 gravity line 12 :194U 30 gravity line 13 32" 198q 30 I gravity line 14 Ign 114q gravity line 15 T40 t7 .12f line Data unavailable Gravity line tAt Beouter Station Ito. I i i V, .E�.'.i-.._i xi ?1�:fiLYSIS OF r.XTS�ztSG Wa,�'F,�?,�,C :l7,IToFS (b) SPiu7e,R supp7,;, T ?3e City of Newport Beach' through its membership in the Coastal. Municipal eater District is eligible to purchase water from the Ye ropoli.tan `r,ate District of Southern Calif- ornia;,, and the wa4.or demand that cr!nnot be met by well water is now coming from this source, During 1954°55 this supply represented 52% of the total hater used. The Orange County Feeder o£ the Metropolitan 'Natep District term- inates In the Diosirictss reservoir northerly of Corona Del War. Ail extension to the Drange County Feeder continues from the terminal reservoir to Coast Highway in Corona Del Mar. The rated capacity of this % -inch transmission pipeline is 15 o£s. Tho City makes two-connections to this pipeline. The fir. -et connection is a 16 -inch takeout through a 16 -inoh by Z�i.nch Sparlin;r compound meter to the City's Corona Del tsar Reservoirs Nos. 4 and 5. Tho second corneotion is at Coaot Highway and Fernlea£ Avenue where wale:- is taken out through a 1L;-inch Sparling line meter to a 30 -inch transmission pipeline which c&rries rater to the City's Reservoir No. 2. 2. 03o Eioca, M.1 S o- . There are three separate boomer pmpiag sta8ions srlthin the system, hawing a total capacity of 3500 gpm. The major portion of this eap3eity is located at Booster Station No. I where two horizontal covitriitu yal pumpr having a combined capacity of 2100 g m are used to transfer water from the well Yield to Reservoir 2 i. Q Tiro secon(I ',A)octer. station is the New -sort Heights �o. n Picaspo,t'� c..oh. Pumping "Mellon wlhi6h hec rac 600 grzi capacity ho?iaontal contri3'ugal ;ramp. T +ate..: _Jk (- STS fiT FX1a`TTTZ eATIM FiCILITIFS This station is ur>ed to boost crater from Reservoir No, 2 to the Upper ` Pressure Zone controlled by the Corona Del Mar Reservoirs Nos. 4 and 5. The third booster station is the Bayside Drive Pumping Station which boosts out of the Lower Zone system into the Upper Zone system. It has one 800 gpn capacity horizontal centrifugal pump. All booster pumping stations are manually controlled. A summary table of the locations capacity and other.- data pertaining to these booster stations appears below as Table 2. ADLE BOOSTTR PUMPIM STATION DATA *Data unavailable A fourth booster station exists in the system in the Corona Highlands areas but it is used only to boost pressures within an area of low static pressure within the Upper Pressure Zone. The pump is a * hp horizontal centrifugal pimp, located in a below ground level vault at De Sola Terrace and De Anna Drive. PumD Data Type Hp. Capacity Head Pumps Pumps Booster Location Station gpm ft. From To No. 1 B*asha €d St. Horizontal 150 1800 * Nell Reservoir Horizontal 75 300 sump No. 2 Bayside Bayside Dr. Horizontal 100 800 * Reservoir C.D.M. Drive No.2 Res. b Newport Reservoir Horizontal 20 600 1 Reservoir 1 Upper Heights No. 2 No. 2 Zone *Data unavailable A fourth booster station exists in the system in the Corona Highlands areas but it is used only to boost pressures within an area of low static pressure within the Upper Pressure Zone. The pump is a * hp horizontal centrifugal pimp, located in a below ground level vault at De Sola Terrace and De Anna Drive. II-5 SECT V IY. —.AN.ALY'SIS OF EXISTING WATER FACILITIES 20040. The combined storage of the City9s three reservoirs totals 4.525 mg. Of this amount, 1.66 mgo are stored in Reservoirs Non, 4 and 5 above Cortina Del afar and the remaining 2.865 mg. are stored in Reservoir No. 2 situated on the mesa northwesterly of Newport. Reservoir data are summarized below in Table 3. r, sa +r Reservoir No. Location apacity mg. Overflow Elevation Pressure Zone Type of Construction 2 16th St. and 29865 1339 Lower Vertical reinforced Monrovia Ave. concrete wallet wooden roof 4 and 5 Corona Del Mar 1.660* 2889 Upper Buried, sloping reinforced concrete walls, wooden roof *Reservoirs Nos, 4 and 5 are identicale The above capacity is the combined capacity of both reservoirs. 2.05. Transmission and distribution system. (a) Qeaeral. The water transmission and distribution system serving the entire City of Newport Beach has been studied to determine its potentialities for incor- poration into the proposed expansion of the water system and to detect inadequacies in areas now served in respect to fire flow demands. (b) J'=LRj ra zones, The two pressure zones extend over the City from the southerly boundary of the beach areas to the northerly boundary on the clesa, The dividing line between the zones to distinguished by the bluffs which overlook the beach area. Plate I shows the limits of II -6 SECTION II _ .^ .ILYSIS CGS EXISTIM VATER FACILITIES the existing water pressure zones plus the proposed future water- pressure zones. Zone I is the lower zone and comprises the area of Balboa Peninsulap Balboa Islands Necrport Peninsulap Newportp Lido Islep Coast Highway dis- trict in Newportp and the Bayside Drive district to approximately the Balboa Island bridge. This zone is served by Reservoir No. 2 which is supplied water by the City wells aadp during periods of heavy demandp receives Metropolitan Water District water from Zone II through an alti- tude valve at the reservoir. Zone II is the higher zone and consists of Corona Del Mary Irdne Terracep Cliffhaven and Newport Heightsp or in effeetp all areas lying above the bluffs, This zone is served by Corona Del Mar Reservoirs Nos. 4 and 5. Data on the existing pressure zones are presented in Table 4. Ai DLE 4 PRESSURE ZONE DATA LPressure Zone Area (acres) I Elevation p Range Elevation of Control Reservoir l S 936 59 to 15� nog III 723 159 to 2209 2885 (c) Iansmission ninel mes. The major transmission mains In Zone I are a 24 inch line running from Reservoir No. 2 to the inter- section of Newport Boulevard and Coast Highway where it is connected to a 20 inch line feeding Newport and the peninsula. The 24 inch line a ,. .. i' y z:lrt FaCTLIfTS 'f � 21 M! continues easterly along the Coast Highway to serve the easterly portions of Zone I. The Corona Pel Efar area of Zone II is served by an 18 inch line from Reservoirs ides. 4 and 5; the remainder of Zone IT is served through 3incc connecting to the 30 inch transmission main. An 8 inch main in Marlre Avenue eonrects the 30 inch transmission main of Zone II and the 24 inch transmission gain of Zone 1. and an 18 inch main in Bayside Drive from Zone IT conncets to the 24 inch transmission main, The two pressure systems are separFted at these junctures by closed valves end under ordin- ar; operation the only transfer of mater from Zone II to Zone I occurs at Reservoir h1o. 2. (d) j- Ijributio n.nP iMg. The distribution of water from the tra-mmUsion slain is accomplished bry grids wherein the majority of the Lines are of the 4 and 6 -inch size. Because of the nature of the layout of the City' with the bays, channels, and irregular land area shapes, systemav c grids axe difficult to achieve. In some casesy present lines are of lnadequate size and are not capable of delivering required domestic and fire flows. `:n genoral who system is an old 3ystema fairly well looped9 out requires certain improvements to bring it up to adequate standards, 3. 01. Q ne—md. To delmlop the proposed expansion program for the City's ester worka system oue of the primary considerations is the ultim mate number of coinsumers to be served, The future growth of the City of Newport Beaci -i is dependent on many factoro, namely: (1) The remaining available and developable land (2) nit-are anneaoations (3) Industrial and commercial development.in orange County (G) Local and national economy, ,Svaitable and developable land within the City limits had become quite limited prior to the annexation of the Irvine Terrace district and Upper Newport gay, Thefie annexations plus proposed future annexation of land vithir: the boundLy of the Coestal Municipal Water District as far east as Crystal Cove should stimulate a growth in the next 45 years greatly surpassing that o. +, the past 4.5 years, In view of -;he largo scale commercial and industrial development occurring in Orange County', the futtu* growth of the City of.Newport Beach appears to be assis*ed, the eepanding freeway syotom will lessen comamuting problems and thus enhance the attractiveness of a mild climate and the p *_�oxLAty of vary desirable recreation, the local and national economic b'luctustions will bo reflooted in the rate of growth of the city but of coarse coo net lenl thomae5.vos to accurate predictions, 3,02, ZXp The special census of Mays, 1955 lists the permanent popilation of Newport Peach as 189541, The number of dwelling units (e:tcluding institutions, rooming houses and hotels) was 1:1.2. 312`, i0_ UYu�TT03dTtIL13� 7065 -with an average of 2.61 persons per dwelling unit. The transient population during the summer months has not been estimated1, but its effect has been included in the water consumption study. 3.03. The ultimate population predicted in this report is based on the following assumptions: (1) Although no zoning plan has been developed for the total area it is the opinion of all concerned that the annexable area,, within the Coastal Municipal Rater District will be devoted primarily to single family r3sidentia-I usage. Therefore: a single family residential popu- lation density ha3 bean assigned to the 5950 acres estimated to be developable withi3 the proposed anroxable area. (2) 13t sizes will be such that there will be on the average' 3.2 lots per gros3 acres with one dwelling unit per lot. (3) The present population density of 2.61 persons per dwelling unit will increase to 3.0 in the annsxable area. The basis for this assumption is the increasing tendency to larger families and the belief that as the annexable area develops it will tend to stabilize the transi- tory nebure of the vacationer population Influx. This density of 3.0 is still sm, -aler than the e.isting donslty in most inland cities. (4) "the population in the area now developed will remain the sutra. 3ased on these assnmp`tionsA the ultimate population is estimated to ba %,ow. 3004. I rtc+ o£ *ovrth o ni ,_ioZ. The ?uturo rate of growth of the City to ultimate development with a population of 761,000 is depicted .r..z by the curve shorn in Figure to The method used in determining the rate of growth is the modified logistic method and the single line shown actually represents the average curve for growth to ultimate development. For the purpose oil graphical comparison the growth curves of other south® orn California coastal and neighboring cities have been shown. It should be understood the: a basic factor that will greatly influence this growth curve is the rate at which the Irvine Company releases its area for sub- division usage. The historical poptAr-tion from 1910 and the forecasted population, at ton year inter mis following 1960 is shown in Table 5. ISTORIC,IY_AA"DPREDICTFD POP[TUTION Year Population 1910 445 1920 894 1930 2$203 1940 41438 1950 12x120 1955 181,50. l%" O 259,800 19'70 411800 1980 571,200 1990 671400 2000 73y000 SONV'SnOH1 N/ NO /- LV7no'0o' b o to go CO uo n b h h � N N o h SO/vteSSno" -4 N/ 1VO 11 b'7ndOd p p N Q p p N O Of O o� O I- �o o� 41 o � H o� 0 1+ a 0 0 N os O o� k 0 0 x x O �00 O o�III y 0 0 0 v �ro CO uo n b h h � N N o h SO/vteSSno" -4 N/ 1VO 11 b'7ndOd p p N Q p p N O Of O o� O I- �o o� 41 o � H o� 0 1+ a 0 0 N os O o� lu -1 SF:i'A ON TV - SSXN2 RF.ClIIIEt.EBEP7T'S 4.01, Presont vrater demands. The present water requirements for the City have been determined from the Newport Beach Water Department records, Total production from each source for the years 1949 through 1954 and total metered consumption for the same ,years is shown in Table 6, cc WATER PRODUCTION AND CONSUIAFTION Acre feet Fiscal Year City '98118 MffD Total Production Metered Consumption 149 ®giio 2187 451 2636 2056 "50 -q11 2105 661 2766 2146 "51-052 1990 936 2926 2117 052 -453 1963 1266 3231 2518 053 -054 1656 1861 3517 2807 '54 °055 j 1704 1876 3580 2978 The ratio of consumption to production is indicative of the efficiency of a roster system, For the fiscal year 1954-1955 the efficiency of the City's mater system was 83 %. indicating losses and unaccounted for water of 17%. However,, the true efficiency of the ms tam is somewhat higher because of unmetered use by City -owned properties anti unmetered fire flown, 4,02, (a) &Zie jor estimate° To obtain future mater requirements for ultimate development,,, the duty of T11-2. SECTION JV - WATER RE4BIRF:rAMS water method has been applied, "Duty" as used in this report Is defined as the gross amount of water applied annually to an acre of land eW-usive of rainfall,,. and " ludes all system losses, The ultimate water requirement for each pressure zone has been estimated by applying dutiesg which were obtained through analysis of consumption records for various land uses in the Cityp to the total number of estimated developable acres devoted to each type of land use, In the analysis of consumption records$ various portions of the City were selected with particular attention being given to the zoning. Table 7 shows the compilation of these data and the resultant duties, 1 4 iv -3. S?C'S'IOti m PATER .EQU,iZFT1FhT3 Z STIES PATER PER AREAL _ZONING District Zone^ Net Area Water Net Area Ratio Gross Area ss Area ing Studied Consumption Consumption Net Area -to Consumption Duty* (acres) (ac.ft. /yr.) (ac.ft. /ac./yr) Gross Area ac.ft. /ac. /yr.) (amit.)aca/ yr) Irvine Terrace R -1 5.55 10,,26 1.85 1.39 1.67 Cliff - haven R -1 74.1 143.97 1.95 2.34 (gross) Newport Heights R -1 3.95 11.40 2.59 Average 2.17 2.60 Shore Cliffs R-1B 48.6 57.61 0.75 1.19 1.43 1.63 1.96 Newport R-1 1,70 3.71 2.18 Newport R-2 1,40 6.77 4.82 3.62 4.33 Corona Dal. Mar R42 1,30 3.16 2..43 � 1.82 2.18 Newport Rt�3 1,52 7,20 4.73 3.55 4.26 Newport R -4 I 1 1,88 6.14 3026 2.44 � 2093 Coro Del Mar 0=1 f..20 33.40 3.19 2.39 2.87 *Ratio of production to consumption -- 1,209 therefore (Gross Area Duty) e (Gross Area Consumption) (1,20), (b) Rit mate of u +im�te ysnu rn a The duties of water shown in table 7 represent present duties. In considering ultimate development of the annexable areas the present duties have been in- creased in antic1pation of increased water use. It is estimated that a raajor portion of the developable land will go to single family dwell- in;s on large lo•�s -with relatively large landscaped areas; commercial development will be limited to hotels and motels plus a large shopping center at Haeart1mr Boulevard and Coast Highway. 7ith this estimated developmenL• plan as a base,, the following duties have been assumedg (1) For the area within the lower portions of the City (which includes ' 3alboa Peninsula,, Balboa Island,, Newport Peninsula,, Nevmoe,;p Lido Isle,, Coast Highway district in Nevrport,, and Bayside Drive district),, Corona Dal Mar and the area between Coast Highway and the ocean as far east as approximately Crystal Cove' a single family residential duty of 2.0 acre feet per acre per year has been used. This is an in- crease of approximately* 20% (2) For all other single family residential area,, including the annexable areas a single family residential duty of 2.5 acre feet per acre per year has been used. This increase is due to the larger lots aaxl the greater existing duties for the higher elevation areaso (3) A multiple family residential duty of 4.0 acre feet per acre per year has been used,, representing an approximate 10% increase over the average: of the three areas studied. (4) Commercial duty has been increased to 4.0 acre feet per Sic ° "'�ri,�ay;LY i'JA ., . nT;GUi.^r, a•� sera per year in anticipation of the possible development of hotels and motels. (5) Industrial duty-2 because of its limited areas has been assumed to be tho same as the commercial dutyp namely 400 acre feet per acre per year, Based on the duties thus far developed and the estimate of future land usage., the ultimate water requirement for the City of Newport Beach has been calculaved and is shown in Table 8, TILTIJUTE WATER REQUMM ENT M LARD_SAG LArea (Acres) Duty (ac.ft. /ac. /yra) Ultimate Water Requirement Sinr�a Family 700 62030 200 205 4400 15,075 Multiple F =ily 652 400 2960s Commercial and Industria: -,. 688 400 22752 Totals 820"70 212835 This uitima:e water requirement and the future population of 769000 corresponds to an average per capita usage of 256 gallons per day. (For the year 19515 =552 water production demands averaged 173 gallons per capita per day; %owever, this figure includes an unaccounted for summer population Vs SFC'. 30Pi iV 91Tt3t =yS F ;= t ei 8 Nearly all of the land available future annexation and develop- ment lies on the Newport Mesa and � -i the lower elevations of the San Jonnuin Hills. Development of ' -his area will require the distribution system to serve elevations from approximately sea level to 550 feet, This will neeesstate enlarging the present two water - pressure zone system(described in Subsection 2.05(b)) to a five water - pressure zone system. The ultimate water requirement per pressure zone is shown in Table 9. ULTIMATE t�ATr`R REQIITREP.�Pif WOW *From easterly boundary of Corona Del Mar to approximately Crystal Cove; di^sa1 Zone Dut r Jltimate Requirement Commercial Single Commercial Single ommsrcial Single and Family and Family and Family Elevation Multiple Multiple Multiple Pressure Served Residential Residential Residential Residential lesidendal Residential Zone (ft.) ( acres) (acres) (ac.it. /ac./yA (acA/ ac./yr) ae.ft. /yr) (ac.ft./yr) T 0 °25 865 ] i 255 tl 4.0 2,0 3460 516 II 25 -170 475 445 4.0 *2.0 1900 890 341.5 2.5 8537 III 170 =300 _ _e 1980 2.5 4950 . IV 300 -430 440 2.5 1100 V 430=560 195 295 488 Totals 1 8070 21035 *From easterly boundary of Corona Del Mar to approximately Crystal Cove; V-1. SRr-GT . 9 SOURcEs CP WATLit SDPPL„� 5.01, 2M.Z . The city of Newport Beach obtains its water from tr a l rincinail swarces _ (1) pumpacr, frora the East Coastal Plain Pressure Zone and (2) Colorado River seater grarchased as a member of the Coastal }.Runiaipal :later District from the Metropolitan °"ater District of Southern C,difoxnia. The amount of water obtained iron each of these sources for the past six ye=-s is shown in Table 6. 5,02. ,�*i, tbt2r n3 ante+^ �. (a) 20MMI. The existing ;It'll field oecup:ies a portion of a 93 acre tract lying northwesterly of the City rind rear the Santa Ana River; the woi.l.s are located.. near the intersection of Adams Avenue and Wright Street, This area lies within the Coastal. Plain Ground Tater Basin and produces water from the East Coastal Plain Pressure Zarre. The soils overlying the East Coastal Plain Pressure" Zone are relatively impermeablep thus, ground water replenishment by down- ward percolation is virtually negligible. No physical barrier exists between the Santa Ana Porebsy Area and the East Coastal. Plain Pressure Zones therefore replenishment in the pressure area is dependent on out- flow from the fc.rebay area located to the northeast. The yearly demard in the East Coastal Plain Pressure Zone continues to exceed the supply from the Santa Arne. Forebay aroma and the overdraft con- dition 'is being perpetuateda A Ntudy of hydrographs of wells located near the Sinn a Ana "Over from Anaheim Olive Boulevard in Santa Ana to Adams ilvenue show'3 a continuing decline in ground seater elevation9 however the rape s:t which it is Falling has decreased. In Aug ist,194.9 the Orange 4- . �� V-2. 5110N y m SW OF WATER SUPPLY CotuTty Water District began a program of spreading Colorado River Water in the forebay area. During the period 1949 to 1953 the average rate of drop of water levels along the Santa Ana River was approximately two and one -half feet per year for the Santa Ana Forebay Area and approximately three feet per year for the 'Rest Coastal Plan Pressure Zone, In 1953 the Orange County Water District was authorized by the state legislature to Impose a water use tax on withdrawals from the ground water basins under its jurisdiction. During the period 1953 to 1955 the average rate of drop of water levels was approximately one -half foot per year for the selected wells in the forebay area and approximately one foot per year for the selected wells in the pressure zone, This study shows the con- tinuing lowering of water levelsg but also indicates that benefit is being derived !rasa the combined effect of spreading water and indirect control of withdmwais by the water -use tax, Plate IV shows the 1955 average ground water profile along the Samba Ana River from Anaheim Olive Boulevard °;o Hamilton Avenue, (c) 7:aq�aug7;ii4v o£ rt Beaoh webs, All of the Cityas six wells tap the Talbert watermboaring zone, Water analyses of the wells from 1949 through 1955 show the quality of the water is deter - iorating. Ftith respect to saltwater contaminations the chloride content is the most significant factor. In the 1950 report prepared by Mr. A. A, Garrett* of the United States Geological Surveys relative to salt -water *Status of Salt 'dater Contamination In The Coastal Part of Orange Coantyp California as c£ 1950 by A. A. Garretts United States Geological Survey v -s. SBVXON V o SOURCES OF WATER SUP contamination in the ccast.ul part of' Orange County., a chloride content or 50 parts per Million was selectccp as the break -point separating the realm of native ground water and intruding ground waters of inferior quality. This ri3porb.pointed to three sources of contamination traveling in the Talbert zone. As of 1950 -'he main potential for contamination of the city9s well field ley in the movement of connate waters of inferior quality from Newport Mesa into the Talbert zone due to the favorable gradients estab- lished by heavy pumping in the coastal plain pressure zone. To the south of the well field a contamination front of intruding sea water was moving. inlandp contaminating the Talbert zone as'it progressed. westerly of the ". 11 field the third source of contamination., namely oil field br5nesp were found to be moving easterly through the Talbert zone. Since 1950 City wells Nos. 11., 12 and 14 have undergone the more serious water quality degradation. The chloride content in Well Ho. 14 has increased from 19 parts per million in 1950 to 740 parts per million in 1955s, thus indicating that the effects of ocean -water drive are being experienced by this well, (d) ejiabi?i v fmistlnar we1„p+v I . The combination of a relatively poineable aquifer being intruded by a contamination front moving from 500 to 1000 feet per year plus the continuing inland sea - Grater gradient makes the long term use of these wells as a dependable source of supply questionable. In view of this situation a study has been made to determine the feasibility ox establishing an alternate well supply. .. : -.�. .a _' -_`:,. :...r._•. __ _......_acx'.`c�»_r�s'. _. =„s, ..:. n. .... �..'....:,. =,� `�•1,:... '� !;a; .. _}�.^wa!�%5. z"6'TC4=z'' - .ti V-4.> S -POT'GN s' e SIOUIRG S OF WATLR S -5F7;Y 50030 (a) 2mand, Three possible sources of future supply ;will be available to the City of Newport Beach. The sources are local wells, Metropolitan Water Districts, and imported water from F:orthern California as a result of -the proposed Faather River Projecte The cost of imported water from Northern California has been estimated at $40 per acre foot, Water currently purchased from the Metropolitan Water District costs approximately $20 per acre foot and in the future this cost may increase. Well water is now, and will eon- tinue to bet the cheapar source of water.. In the fat<a:^o, water demand by members of the Metropolitan Water District will be such that the District2s facilities will oo able to supply only an average flow. Therefor% peak demands must be met by either storage or an additional source, The cost of supplying storage for a basically residential area where fluctuations of peak demand and average demand are great will. generally be higher than additional well supply., when it is available. Using a conservative approach$ it has been essuwed that discontinuance of pumping at the present City wollsp when it becomes neeessaryp win Insure the availability of an equivalent amount of water in the Santa .Ana River Basin northerly of the existing well :Field of .Adams Avenue and Uright Strooto The approximate 1700 gpm quantity now being produced has been incx�,ac:ed to 2000 gpm for the purpose of this study (however,a well supply of e: greater quantity may be available). With the possibility of a greater developable supyaly in the now location, a minimum quantity or 4000 gpra is desirable* (2) SA qgjj2& 2f. '.1 1 we £i to0 The actual selection of a well field site will require an investigation beyond the scope of this report, but the major prerequisites met in this study All be valid for further investigations; First consideration has been given to a location with a firm ground seater supply and protection from sea water intrusion. The proposed site of a future well field lies southeasterly of the Intersection of the Santa Ana River and Talbert Avenue and is shcmn on Plate V. This ma lies within the East Coastal Plain Press-are Zone, whose ground rater replenishment is described in Subsection 5o02(c,), Moving inland 2.2 miles from the existing well field should insure a supply tree from possible salt water contamination, It is assumed that positive measures to halt sea water encroachment in the basin will be instituted before the contamination front moves this for inland, (3) 'militias reosx3ar $ To develop a supply equivalent to the current well production would require the following: (a) Acquisition of well field site„ (b) Drilling and developing two largo viells or a battery of smaller wells, (c) Providing well }Hoops aiA motors, (d) Installation of booster pupping station, (e) Insttz1Lv,:ion of pipeline from pumping station L SEC` 10iq V ., SOM ",E'S (T EIA`SiR 87MPLY to existing disirIbution system. (Plate V shows the proposed pipeline route) (4) Economic comparison (eta,( t'at ®x uaa b68D jqrj. The breakdown of estimated construction costs.are listed in Section 6.02, For the purpose of economics comparison3 an annum cost basis has been used, Listed bestow in Table 10 are the estimated annual costs of inm stalled £aeilitisa capable of delivering 2000 gpm (3230 acre f$, per year) to the existing distribution system and tho estimated annual cost of an equivalent amount of water purchased from the Metropolitan Water District, AF.L ZS YMTRD ANNUAL GOSSZ EM SOP L^D E L SUPPLY vs._°�.W.D,_SUPPLY Bell Water Metropolitan Nater District °rater Annual Annual Goat cost Depreciative Coots: ?sells Olr,222- 'fe11 Pumps 1,042 Booster Pumps Pipeline 2y111 120917 Operation Costs Power DLO,995 Operation & 'f a?ntenAnco."= Use Tax 11,957. � 7.19105 3;230 acre - £sot at �2Zex� _ rer acre-foot Total .�..m.�..._.... .� .,tea,- -_°�•} ..,,.o. ,�w..,.o� x Estimated Includes an estimated amount for depreciation of physical facilities and operation and maintenance V-7„ .C! O F re. i. U'C,P u The estimated cost Per acre foot of mater delivered is $19,02 for the proposed welts and $24,00 for an equivalent amount purchased from the Metropolitan Mater District. A 100% increase in well capacity to 40M gpm would increase the total construction cost epproairmtely 25 %. Thero also exist irreducible factors in this cost comparison which cannot be evaluated in terms of money. One of the factors is the benefit of a firm water supply from an alternate source. The benefit for the near future is substantial but will diminish as the City approaches ultimate development as anticipated. However,, should some unforeseen circumstance forestall the anticipated development® the benefit would extend over a longer period. 5004. WuRWIta 4a s ice. The Drange County Feeder Extension has a 9esign capacity of 15 efs or an equivalent average daily flow of 7300 gpm. This flow is adequate to supply the current demands of the City of Newport Beach,, Laguna Beach County Water District and South Coast 3ounty Water District. However,, with no yell supply,, the estimated manL^ram daily requirement for the City of Newport Beach will reach 8000 gpm by 1960. With other members of the Coastal Mun- icipal dater District anticipating a growing water demands the need for future additional feeder capacity is apparent. At the present time this office is ^_onducting a terminal storage study for the Irvine Company that includes tae storage requirements of Newport Beach, Costa Mesa, a portion of the Irvine Company land, Laguna Beach and South Laguna. This study and analysis will develop the data necessary to size a feeder main to the area of a size adequate to supply supplemental water requirements. Copies of this study will be available to the City of Newport Beach. APE- V7 -1. VI -WATER SYS. I DEVPLUPt•NI3T 6.01. Master Plan of ;3w ter System Development. General. A master plan of development of the water system with all necessary improvements and extensions is detailed in this section. The basis for the master plan has been an engineering analysis of the aystem utilizing the data developed in the preceding sections. The governing criteria used in the analysis has been the delivery of an adequate supply of water and the providing of satisfactory fire flows and well- regulated pressures, both during the re,,mining period of the City's growth and at ultimate development. Cost estimates have been included, but such estimates I ave been prepares in detail for only that construction work which is recommended for immediate construction. Total facility costs listed represent current construction costs with allowances for contingencies, engineering and inspection. The figures quoted for construction costs of proposed future facilities have been presented to indicate the scope of the projects involved and to be a guide, when policies of future financing are considered. The construction costs ten years hence may be such as to invalidate nearly all of the figures quoted herein. However, construction costs pertaining to facil.i.tics recommended for c6nstruction in the hiancdiate future are sufficiently high to be used for budget- purposes. 6.02. lister supply. The problem of where and how the City should. acquire its future water requirements was discussed in detail in Section V. The main .recormlandaticn to be made relative a ;uG =iIC;? VI - WA'TLP, SYSTEM MWELORIENT to supply is that local grol::a.i. (;peter be continued to be utilized to the fullest extent consistent with sound ground crater basin management. Bascd on the belief that the, City should develop a new well- field if the present wells come under the influence of the sea water drive, a cost estimate has been prepared on the development of such a. new field. This cost estimate has been used as the basis of the economic compar_.son presented in Subsection 5 =03. (b), and i exclusive of land costs. T ML ' 11, ESTIW TED COST OF PROPOSED ALTEMA.iE [s.ELL RIE'LD Description of Facility 1. Wells 18 -inch 01an.eter wells each 250' deep 2, Well Pumping Units —l+ -�;00 gpr punps (including ialving and clectrical equipment) 3. Booster Pumping Station 2 - 'L'000 cnm rumps equipped with 150 motors (including va.l.ving and ulectr.ice.l. equ:inment) 4. Pipeline —:i0, 3Oli line.. =;r feet o'.° 3-4-inch line (Bas(--'! on Iilortar ! oi r d Steel pine) I TOTAL F;UMATED COaTi Estimated Cost $ 24,000 _12,000 c 30,000 $303,000 $369,000 VI-3. sECTION VI - 1.WATER SYSTF�' i DLMLOcI%EKT The costs in the :°above. table include approximately 20% for engineering and cor Ungencies. It is : ^ecommended that t.ao additional steps be undertaken by the City immediately relative to its well supply. These are: (1) Discontinue pumping of Well No. 14 and pump Well No. 8 as infrequently as possible. (2) Well water samples should be chemically analysed on a monthly basis so as to keep a record of the position of the contamination Front. It is believed that the cessation of pumping from Wells Nos. 8 and 14 will flatten the inland gradient :iow tending to bring in tit contaminated water and the life of the well field may be sufficiently increased to allot: the up- stream recharge to have a more commanding effect. The position of 'the coaatc iiii,ation front should be plotted periodically based on the above recommended analyses. If in a one to two year ;period indications are that the front is approach- ing the City's remaining wells, then the City should initiate an extensive investigation of the proposed new well field. 6.03. Tranamissi_on and Distribution System- (a) General. Having determined the ultim to water requirement for each pressure zone (See Table )), it has been possible 'to estimate the maximum water demand at any point in the distribution system. For the purpose of pipeline design in the City of Newport Beach, the maximum ' ..s Mi U -4. V •. WAU11ft SXST&I DEITLUX)ki:G_N,ii' day demand plus fire flow criteria ha-5 been tired. This method. imposes h7.Sber demands on the distribution system -han peace. -hour flow. The fire floe demxcaica adii,d to the maximtm day's demand are 750 am to any point in the residential areas, and 3000 gpm to the commercial areas of Newport and Corona Del Naar. Higher fire flow require- ments (4000 gm) hE.ve been imposed in the comaercial district of Balboa Peninsula, because of multiple story building, in an area subject to heavy traffic congestion during summer months. To deterraine the rn.eral condition of pipelines in the existing distribution sys-tem, flow tests were run on tra».smission and distribution maIns at selected points in the City. The general condition of a pipeline is indicated. by the: "C" vatue w)ai.eb is a function of the roughness, the higher the value oi' "C", the better the condition of a pipeline. Results of the flow tests are sharm in Table 32. •r - ••.'.iie^.i..3tYL3:N�'t -- `•.�ui�� �.�_ _ wv r yam..-- Gy�3Tti. U T-5, SECTION VI - WATER Sl'STIEbI DMLOPPIENT TABLE 12 PIPELINE FLO14 TESTS rest- Location Pipeline HCII Ila. Size Value In From To 1 15th St. Riverside Fullerton 12" 90 Ave. Ave. 2 Fifth Ave. Jasmine Marigold 10" 49 Ave. Ave. 3 Alley bet. :3alboa Blvd 18th St. 9th St. 16" 87 and Bay Ave. 1% Alley bet. Ocean Front G St. Channel Rd. 6" 76* and Ocean Blvd. 9&,�* *Before cleaning **After cleaning The res'alts obtained in Test No. 4 indicate the benefit derived from periodic cleaning. In this instance the floor available through the 6 -inch line was increased approximately 30%. The present and future distribution system has been analysed by the method of sections, and the analysis has revealed certain. inadequacies in the ability of the existing system to carry the required floors. All the additional pipelines required are shown or, Plate II. The pipelines shcwn by a solid black line indicate existing inadequacies that should be remedied. in the near future. Pipelines shown by a dashed black line are in future aiuiexable areas and are not needed at the present tine. However, sizes are shown and while .future strut development in tt.f-, areas may dictate different locations for these VT-6, cECTIU2 V-1 - FiATT'Ai YS")LRMI1 DEVELOPIg5iS'1T lines, the sizes should in general be followed. Sufficient valves also should be installed in order to isolate portions of the system as needed. The National Board cf Fire Underwriters reccmmend that gate valves be installed in arterial mains at least every V4 mile, and in distribution mains at least every 800 feet. t. Each fire hydrant should be supplied with a gate valve installed in a street connection that Is not less than 6- inches in diameter. Friction in fire hose lines over 300 feet long reduce the streams considerably; therefore, in no case should hydrants be more then 600 feet apart, with 600 feet being a preferable maximum. (b) Estimated costs of pipelines. Tabulated below are the general locations and costs of the transmission and distribution lines shown on Plate II. Ala, costs are based on asbestoa- cement pipe for sizes 12- inches in d.iar.Liter and sraller, and mortar lined and coated steel pipe for all sizes over 12- inches in diameter (except Line No. 11). Table 13 lists the presently required pipelines within the present City boundaries and Table 14 lists 'the pipelines required in the future. I . %F , !;V ij )I TABDE 13 TDPATION LdD ESTIPiMED COSTS OF HREOUTTLY _.-?.EQUIR.ED PIPELINES inel Size Location Approx Est. N' o. From I To Len2*h Cort (ft Mornirj-,, '.10. Coast M"T 20--l" S. of Seaward Rd_ 230' $1,48o 2 8" 1 Easement I Poppy Ave De S l'a Terr 620, 4, G&) 3 61, i Wrnjng Cn pal 'Coast Hwy ao 15'0' N. of 3501 740 Ci LU�veni -i Rd .11 4 8:' 7 @azel _ml LDre�L�LT n Rd 715 4, oo. 5 _LQ , .11 n Second Ave G,,�IdLnroJ Ave Avocado Ave 122201 — 16,8o0 6 Xcl Ave d Ave j C6"aSt.Hwy 1200' _ 110,800 7 lo" 'Fifth Iva Carnat.J.-o.n A,7e ".Balb i Avocado Ave of 5. 10,100 .3 14" a Bridg'e Ila., iCw Jr Dr yo A Alley _y bet 14 -',Bay Lc 580' 13, IWO Front and Bzalboa Allay :)et JZ. pay! Ave F jyriL =Ld Ave 1775' 1.6,200 1 _j lo All.,ey bet. 1q. Day I Park Ave 760' 7,100 and .;1 14" Submarine Bav Crossil-Ig (Oee Section 6.03 (d) .500 li- I Ba lb oa Blvd 38! W, of 1., St G St. 3 1 8" 1 AIvaraio St I Uley bet Balboa Allay bet Edge- 5080' 1 5; 41.0c amd &,y Ave St Alley beb B-a.lLboa. 'water and Bay A'Iley bet Be]. io D70 and Oce= Front D'vi and Bay A. 15 A:)..-i.eV bet Dalb(:L.! McF%d6.t%i Pi. 2(th -.t. 42w, 4 2C.". Mvr. arld I -.6 l uT 30-wa st 1 L.albx, F111d. 'Ne -,,p art Blvd 565 r6; Boo I 17 f-a—i-a d'of4a 3-r,�d ,:,it 3"iti' St i Extenied La f aye t t a Ave 31.r- St A -1 bot Vill'a 1030, -TY & Nelmort VT.-.'3, SECTION VI m sdATER SYSTEM DEVELOPBnNT TABLE 13 (Cont.) LOCATION AND ESTIMATED COSTS OF PRESENTLY REQUIRED PIPELINES ne' Size Location Approx Est. No. In From To Length Cost (inches )I (ft) 19 8" Finley Ave Newport Blvd 38th St 960' 7,900 (3 hycb.-ants req'd:.plus crossing under water) 20 8" Balboa Blvd Alley bet 42nd 32nd St 2145' 15,600 St and 41st St 21 10" Seashore Dr Alley bet 44th 54th St 2040' 18,400 St and 45th St 22 8" Seashore Dr 54th St Dedar St 2100'• 17,30b 23 6" Clay St Alley bet Tustin Alley bet Tustin 325' 2,100 and E1.Modena and Riverside 24 6" Beacon St Alley bet Aliso Alley bet Modena 335' 2,200 and El Modena and Tustin Ave 25 18" Connection to 30 -inch line in Coast Hwy at 20,600: East. Boundary of City (See Section 6.03. (e) ) T O T A L $302,100 VI TABLE 14 ESTIMATED COSTS* OF FUTM PIPELIHES Pipeline PRESSURE ZOBTE Size Zcne 11 1 7.one III I Zone IV Zone V Length I Cost Length Cost length Cost Length Cost (Ft.) 1 1111 (Ft'.} (Ft.} (Ft.) 6" 2,250 $ 7,500 5,050 � $ 18,000 8" 39,150 200,000 39,750 203,000 7,700 $ 39,400 6,200 $31,700 lo" 31,550 211,000 43,200 288,000 3,300 22,100 12" 400 3,300 5,300 43,700 9,600 79,200 400 3,300 14" 8,550 76,000 2,65o 23,600 16" 7,750 71,400 io,000 93,300 18" 32,000 353)000 20" 7,800 103,200 24" 4,200 65,300 2,350 36,700 Subtotal $1,014,700 $758,700 $164,300 $35,000 Engineer- ing & Con- tingencies 152,300 114,300 24,700 5,000 TOTAL $1,167,000 $873,000 $189,000 $4o,000 * Costs include pipe, valves, fittings, installation and testing. SECTION TI - WATER SYSTFIA 1YEV. LOP41 4T' (c) Upper Newport Bay Loop. (1) Generale It is assumed that to realize optimim development of the annexable areas, each will. approach complete development before additional area is annexed to the City. Using this approach it has been assumed that the westerly side of Upper Neli'port Bay Twill approach .full development before the easterly side is opened for development. (2) Proposed extension (Upper Newport Bay Loop). As requested, particular attention has been given to the sizing of an alternate trans- mission pipe lin: around the recently annexed Upper Newport Bay area to provide greatar reliability to.the water distribution system. The 1 normal function of this transmission line will be to serve Upper Newport Bay, but in the avent a break should occur in the underwater 24 -in.h portion of the 30 -inch main, crossing the bay just north of the present Coast Highway bridge, this proposed loop around Upper Newport Bay would provide an alternate route for a portion of 'the flow required in the westerly portion of the City. To insure adequacy of design, the worst condition has been imposed on the transmission line. It was found that the maximum day demand plus a fire flow in the most northerly portion of the Upper Newport Bay area placed more stringent demands on the system than a inximum hourly flow to the area. To carry the maximum day demand of 3620 gallons per minute, for the westerly side of Upper Newport Bay, plus a fire flow of 2000 gallons per minute in the most northerly, Vi-11. T.-,,,- L , ,Mll DFVDLOP� NT S'sCPay.: `II _ iA4T' °h SY' - sector will require a 24 -inch trances =ssion main connection to the 30 -inch transmission main at 17th Street and Cliff Drive. The 24 -inch main would continue northerly along 17th Street to the proposed exten- sion of l7th Street as shown on the Irvine Company's Proposed Upper Newport Bay Development plan. At this point the future transmission line would divide into two lines, an 18 -inch main following the most easterly through street to the intersection with Irvine Avenue, and a 15 -inch main curving westerly to 1.9th Street, 'then continuing along Irvine Avenue to a connection with the 18 -inch main at a point just northerly of 22nd Street. From this point the 18-inch main would proceed northerly and then easterly around the upper end of the bay, thence southerly to a point in the vicinity of Big C�-nyon where it would connect to a future 20 -inch transmission main. The 20 -inch main ;could continue tc a connection with the existing 30 -inch transmission main near Marine Avenue and Coast Highway. This complete line is shown on Plate III. The costs of these lines are included in the tabulation in T-ble 14. To augrc.ent the capacity of the U•�per Newport Bay loop in the event of a bleak in the undem,,ter portion of the 30 -inch line, a bypass has beer.. proposed. The bypass consists of a 24-inch pipeline connecting the 30 -inch main of 'Lone I1 and the 24 -inch main of Zone I in two places, or the easterly side and the westerly side of the bay. The pressure between the zones would remain separated by placing a pressure regulating valve in the existing 24 -inch main adjacent to :SCTION VI - C?ATER SYSTEM DM- LOPPOIT the connection at Bayside Drive and Coast Highway and by placing a gate valve in the existing 24 -inch main adjacent to the connection at 17th Street and Coast Highway. Gate valves would also be installed in the proposed 24 -inch connecting lines. In the event of an under- water break, the 24 -inch gate valve at 17th Street and Coast Highway would be closed; the gate valves in the 24 -inch connecting lines opened. The pressure regulating valve at Bayside Drive and Coast Highway would supply the demand in Zone I easterly of the bridge at proper pressure, thus allowing the exchange of flow between zones when demanded. The Upper Newport Bay loop and the bypass accompanied by the design data are shown suhematieally on Plate III. The costs of the piping for the bypass arrangement are included in Table 14. Estimated cost of the valving rind structures is $19,500. (d) Submarine pipeline crossing. A very critical portion of the distribution system is the Balboa Peninsula in Pressure Zone 1. The system analysis indicated that the pipeline network covering the peninsula was deficient in meeting the domestic and fire flow demands, and that to insure adequate protection as well as to loop the system a 14 -inch pipeline crossing the channel between the peninsula and Corona Del Mar is necessary. Data on submarine cable crossings was obtained from the Southern California Edison Company and the Pacific T.Aephone and Telegraph Company. Several alternate routes were studied ` and the one chosen is shown as Lire Pto. 11 on. Plate II. This line would connect through a pressure reducing valve to the 13 -inch line in VI -13. SECTION VI - WATER SYSIMI DL'VEIAPMENT Bayside Drive,would cross the Harbor entrance on the floor of the channel and would connect to a proposed 10 -inch line in Balboa Boulevard on the Peninsula. The total estimated cost for the submarine crossing is $76,500. This cost is based on the following assumed conditions: (1) Use of Molox Ball Joint cast iron pipe (2) Trenching to consist of the following conditions: a. 150 linear feet of dry trench in sand b. 750 linear feet of excavation in sand under water with the sand to be dredged onto scows and hauled to waste. c. 400 linear feet of excavation in sand and rock under water with the sand to be dredged, rock to be blasted, and all loaded onto scows and hauled to waste. d, 100 linear feet of dry trench in rock. (e) Connection to 30 -inch transmission line at'eastern boundary of City. 7n the development of the area Oast of the present city limits, it is planned to make use of some of the excess capacity belong- ing to the Irvine Company in the 30 -inch .line in the Coast Highway. Discussion with representatives of the Irvine Company reveal that as the area develops and the City's need for water grows that the required -apacity in this line will be available for acquisition by the City. At the present tine, the Irvine Company has a capacity right of 10.95 cfs in the 30 -inch line at Corona Highlands and this right reduces to 1.64 ci's near Crystal. Cove. It is proposed that an 16 -inch connection be made to the • 30 -inch line ,just eaaterly.of Morning Canyon Road, An 18 -inch x 5 -inch compound meter would be installed at this location and connections vi-i4. SECTION VI - WATER SYSTEI DEVELOYMETT made to the propcsed 8 -inch and 12 -inch lines on the northerly and southerly sides of the Coast Highway, respectively. Connections would also be made to Corona Highlands and Shorecliffs areas, insuring both of these areas an adequate supply at good pressures. The estimated cost of this connection is 20,600, said cost including the 18 -inch connection, metering, valuing, a 16 -inch connection crossing -the high- way in a 27 -inch jacked casing and all connections to the proposed lines. 6;04. Water storage facilities. (a) General. From previous studies.it has been determined for cities equivalent in size to Newport Beach that a storage capacity equal in volume to one maximum day's water requirement will adequately provide capacity for peak hour requirements (usually called equAl.ization storage), fire flows, and emergencies such as power outages. The supply of the City of Newport Beach is so controlled by the MWD supply however, that for safety., considerably more storage than one maximum days supply should be provided to take care of a possible outage•of' the Orange County Feeder during a maximum use period: (b) Present requirements. From the 1954 -1955 production records, a ma:�simum days w€ster use has been found to be 6.!391 million gallons. The existing system, storage totals 4.525 million gallons. (Reservoir No. 2 and Corona Del Mar Reservoirs Nos. 4 and 5.) In the event of an outage of the Metropolitan Water District supply, demands could be supplied from existing system storage, wells, and the City's share of the 4.888 million gallons stored in the Orange VI -15. SECTION VI - WATER SYSTEM DEVELOPMENT County Feeder terminal reservoir near Corona Del Mar. The City's share of this storage has been calculated by pro - rating the average demands of Newport Beach, Lagcna Beach County Water Districtp and South Coast County Water District. The storage thus calculated equals 2.346 million gallons. This combination of storage and well supply will supply the City of Newport Beach at the rate cf maximum day demand for approximately one and one -balf days, if all reservoirs are filled to capacity when an outage occurs. (c) Future requirements. In determines the storage require- meat at ultimate development of the City, two assumptions have been made: (1) Total storage must supply three days maximum demand to meet a possible Metropolitan Water District supply outage. (First day at 95% maximum, second day at lob% maximum, third day at 90% maximum, or (2085) (Maximum day demand)). (2) No alternate supply will be available from wells. Table 15 lists the storage requirements per water pressure zone at ultimate development. Both the maximum day and 3 maximum day period requirements are listed in the table. Rowerer, the additional system storage required, as indicated, is based on storing one maximum day's requirement. Additional storage to meet tbras max;m mi day's demand is proposed to be furnished by a new open reservoir, as discussed in Subsection (d) herein. lam= 1 SECTION VI • 14ATER SYSTEM DEVELO£33ENT A 1 15ATER STMAGE REQUMZLMS At . �L TE I?EVELOPE9ENf Pressure b§at, Day. 3 Max. Days 8Preeent Future Additional Zone Regnirement Requirement q� Required mgi M90 M90 M9 �q� 0 M90 % 7.086 200201 2.665 7,088 4.223 11 20.224 57.638 1,660 20,224 18.564 111 8,838 25.188 9 81838 8.838 IV 1.964 5.597 0 1.964 1.%4 �® 0.872 2.485 0 0.872 0,872 ITotal 38.986. 311.109 1 4.525 38.986 34.461 (d) (1) Location. To meet the supplemental storage requirements in the event of a Metropolitan Water District outages a single open reservoir has been proposed. The reservoir site selected is shown on Plate %%, and is one of two possible sites recommended in studies previously made by Mr. Rayne Eatong Chief Engineer of the Irvine Co,, The site of the reservoir is such that it utilizes existing Metropolitan hater District pipeline facilities with a minimum CITIM 1:1 _'IR *r-I J'TM,M DEVE%OFi.id`T of additional piping and provides the major quantity of storage at a satisfactory ele-Mion to provide gravity supply for the zone of max- imum use (Zone I:[). (Z) Canacitva The total capacity has been calculated on the following basis, One maximum dayss demand will be provided in system storage in each pressure zone, except in Zones I and 11 where only the present storage capacity will be maintained. The remainder of the one maximum daves storage in Zones I and II plus two maximum days? demand for the entire system will be supplied by the proposed now open reservoir, Thus,the capacity to meet the ultimate storage requirements of -the City of Newport Beach has been estimated to be 94.910 mg or 292 acre feet, (Included in the 292 acre feet capacity of the proposed :mservoir are 22,787 mg or 70 acre feet, which repre- sent the future :system storage requirements of Zones I and II,) Reservoir No. 2 of Zone I is of sufficient capacity to meet the equalization requirements of this zone at ultimate development. The remaining emergency storage can be supplied by gravity flow from the proposed reservoir. The inclusion of Zone II system storage in the proposed reservoir is the obvious solution for meeting this zoneus requirements, The storing of the bulk of Zone I and Zone II system requirements represents a saving in land use and construction costs otherwise expended if separate facilities are provided. The develop - ment of the 292 acre feet capacity is illustrated in Table 16. VI -1o. F Provision for Provision for Total Pressure Max. Day 2 Max. Days° Storage Zone Requirement Requirement Required M90 mg. mgo F Z 4,223 130113 17.336 II ].8,564 37,414 55078 III 0 16,350 16,350 IV 0 3,633 3°633 V 0 1x613 1,613 Total (mg,) 94.910 Total (acre feet) 292 F, Tr- 1,7. ir.r al'"SIS4 DB117EWHOTIO Table 17 hav been prepared to abow the estimated storage require- ments at five year Intervals and the extent to which the proposed reservoir capacity meets these requirements. TVA A Year System storage Requirement see fte Reservoir Capacity Required ac. ft. Proposed Reservoir capacity see ft. Number Of Maximum Days Supply 1955 19,6 36.3 1960 35.7 86.3 292 1010 1965 51.7 138.5 292 6.3 1970 6,7.8 324.3 292 4.8 1975 8318 230.1 292 318 1980 90,6 242.6 292 3.6 1985 97.4 255.2 292 3.4 1990 104,2 267.7 292 3.3 1995 111.0 280,3 I 292 5.1 *Aseutw1proposed reservoir capacity available In 1.960 Pignre 2 Illustrates schematically the reservoirs required in each pressure zone and the booster pumping stations required to serve themo V.01 373 O tj A M 1, -6 �Zi Z Iq Q NZ 0 w l Lol in -C — IL I Li NCR I ra QL vQ 3r 9.-I /y/ NO/1V.007 -''7 :v Y ,a-20. SECTTON VI - WATER SYSTEM DEVEMR&M (e,) Treatment of supply from open reservoir. No treatment other than chlorination and periodic treatment to control algae is con- templated as necessary for the water stored in the open reservoir. At the present time, the water received and used is a softened supply from the La, Verne Softening Plant. (f) Estimated construction costs. Detailed construction cost estimates have not been included in this report for the proposed 292 acre foot capacity reservoir, because it is quite unlilmly' that a reservoir of such a capacity would be constructed to serve only the City of Newport Beach. As discussed in Section 5.04, a detailed study, proposed by the Irvine Company, is currently in progress for a similar but larger facility to serve additional members of the Coastal Municipal Water District, along with the City of Newport Beach. This study is undertaking a detailed sub- surface and geologic exploration program, a study of alternate reservoir types adaptable to the area, and preliminary estimates of the size feeder main needed to deliver the required water to the terminal reservoir. Cost estimates have been prepared, h0vever, on the storage reser- voirs required in addition to the large terminal reservoir. These costs are listed in Table 18, below, and are based on the construction of either prestressed concrete tanks or buried concrete reservoirs. VI -21. SECTION VI - WATER SYSTEM DEVELOPMENT' TABLE 18 l 4 • • • •s. ' l MrOONA1,11 711 9 DLI DI • 1' Pressure Zone I Reservoir Capacity (million gallons) Estimated Cost III j l 6.6 $ 363,OW 2 2,7 16o,000 IV 1 1.4 912000 2 1.0 65,000 The Zone V requirement of 0.87 million gallons has been included in the requirements of Zones III and IV because these zones must provide the supply to the hydro- pneumatic installations serving the isolated high areas making up Zon V. 6.05. Booster pumping stations. (a) General. The development of the .system into a five pressure zone system requires future construction of additional booster pumping stations to serve these higher areas. The sizing of the booster pumping stations has been based on supplying the maximum day's demand at a uniform rate over a twenty -four hour period. To conform to the requirements of the Board of Fire Underwriters of the Pacific and to insure safe and adequate operation., booster pumping stations should include sufficl- ant standby capacity to provide for operational failures of the pumping units. In this study, it is proposed that at least one standby unit be provided at each station. VI -22. SECTION VI - WATER SYSTEM DEVELO i' (b) Existing Booster Pumping Station No. 1. Existing Booster Station No. 1, as described in Section 2.03, boosts water from the well field to Reservoir No. 2. It has been called to our attention that the pumps in this station are in need of repair. No curves are available for the two horizontal pumps in this station, but the capacities given tows indicate that either the 75 -hp pump is not operating on 9.ts curve, or the head- capacity curves for the two pumps are not compatible for parallel operation. No information is available as to the trim given to the impellers at the time of the cycle change, and, therefore, it is believed that the head- capacity, efficiency and brake- horsepower curves for each of these pumps should be established by a pump test. These tests would indicate the-advisability of reworking the pumps to establish good operating characteristics. The cost of new impellers, impeller shafts, case wearing rings, bearings, etc., is not excessive and a revorked pump can soon pay for itself in increased efficiency. Consideration must be given to the estimated life of the station at the same time the tests are evaluated. If the sea water drive should eliminate the wells, it is recommended that the pumping station be removed and the force main be abandoned. It is therefore recommended. that tests be run on the pumps and that the decision as to the cleaning of the force main, with its attendant lower friction loss, and the reworking of the pumps be based upon an interpretation of the test results. This office will be available to :interpret these tests and render an opinion as.to the proper I i VI -23= SECTION VI - WATNR SYSTF14 DR4ELOF3+1F'SaT course to follow. (c) Booster pumping station requirements. The data on the proposed booster pumping stations to serve tue higher zones are listed below in Table 19. I 01 :// YW' l,l' /. • � /' 9 ! /901 10{ Pressure Zone Firm DesigO Capacity (gpm) Pumping Head (feet) Number of Stations Location of Station III 6150 160 1 Proposed Open Reservoir IV 11100 150 2 Zone III Reservoir 1 Zone III Reservoir 2 V 600 140 2 Zone III Reservoir 2 Zone IV Reservoir 1 * Does not include capacity of the standby unit. The booster pumping stations should be constructed in stages as the demand increases. In all probability, certain areas in the Zones will be constructed as complete units end the stations can be equipped in increments to take care of the unit type of development. In all cases, it is recom- mmnded that the stations be planned for the ultimate capacity, with provisions made for future pumps by providing the necessary piping connections as part of the initial construction. YA -C4., f EECTICH VI - WfLL1YLl S S3J:JLR rEVElOaMT f Estimates for the pumping stations are sufficiently high as to permit construction of either an outdoor type of station utilizing sub- mersible pumping units, or a completely enclosed type of station. The type to be used 'would be dictated by considerations that cannot be evaluated at this time. (d) Booster pumping station serving Zone III. The booster pumping station serving Zone III should be located immediately adjacent to the pro- posed terminal reservoir for the MM supply and should boost to.the two proposed reservoir[; controlling the zone. The station should be.equipped with four (4) 100 hp units of 2100 gpm capacity each. The pumps should be automatically controlled from float- actuated transmitters located at the two reservoirs. Estimated cost of the station, including all equipment, pumps, piping, valuing, electrical work, and chlorination facilities is $94,000. (e) Booster pumping stations serving Zone IV. Two booster pump- ing stations will be required to supply Zone IV and should be located adjacent to the Reservoirs for Zone III. Each station should consist of two 700 gpm pumps equipped with 40 hp motors. Estimated cost of each station is $1620002 giving a total cost for both stations of $32,000- (f) Booster pumping stations serving Zone V. Without gravity storage supplying this pressure zone, either hydro - pneumatic or closed system control has to be utilized. It is proposed that two hydro- pneumatic instal- lations of two 300 gpm pumps each be designed so as to deliver the required 1 A 1 . I -t VY -25 . SECTION V1 - 'WA R SYSITUM DEVELOW -110T supply to these isolated high areas. The combined estimate for the two stations is $30,000, said cost including the pressure tanks, controls and compressors, beside.; the pLWP , valves, piping and electrical work. 6.06. summary of estimated construction costs. A st mtary of the estimated construction costs, including engineering and contingencies, appears below in Te)le 20. TASii.E 20. ESTIMATED CoSTs OF PROPOSED RIFROVE.Ng '8 Description Estimated Cost MS'ENT REqtTlm,'ERS4"D 1. Add and repla.e pipelines within the present City system ---------------------------------- -- - - -- -- $ 205,000 2. Construct submarine crossing of Harbor Entrance -- 76,500 3. Construct connection 'to 30 -inch line in Coast High-�My ---------- ------- --- ••- ----- --- -- •• -- - - -- 20 e 600 4. Construct Say -pass for Upper 'Bag .Loop as shotm on Plate IiI ----------------- --------------- - - - - -- 28;900 TOTAL - PRESENT REQUIMEETS ----- - - - - -- $ 331,000 -- -------- - - - - -- F'UTURE FEQUIEi ENT34 5. Alternate vv11 field ------------------------------ Lana----------------------------------------- 6. Transmission and Distribution Mains Zone11 --------------------------------------- Zone11.1 -------------------------------- -_..-- ZoneIV ----------..-------------------------- ZoneV -------- -- --- -- --------- ------ - -- - --- 7. Storage rese;7voirs *•x ZoneIII -------------------------------------- zoneIV ----------- •-- --- -•- ---- --- - - - -- $ 36%000 25,000 1,158,000 873,000 189,000 4u, 000 523,000 156,000 VI -26. SECTION VI - WATER SY9= DEVELORMUT TASTE 20 (Cont'd.) No program of construction has been estimated. It is anticipated that certain improvements listed as future may be needed in the near future, such as the new well field, portions of the Upper Bay Loop, and a part of the Zone III Booster Pumping Station. * The cost of 292 acre feet of capacity in an open reservoir is not included. This cost will be presented to the City at the conclusion of the terminal reservoir study being conducted for the Irvine Company. Description Estimated Cost FUTURE REQMRME S (Cont'd.) 8. Booster Pumping Stations Zone III ----------------------------- --• - -- $ 94,000 Zone IV ---- -- -- --- ---- ---- -- -- -- -- - - - ---- 32,000 Zone V ------------------------- --- - - - --- 30,000 TOTAL - FUTURE MQM11EM ITS - - - - - -- $3,89,O No program of construction has been estimated. It is anticipated that certain improvements listed as future may be needed in the near future, such as the new well field, portions of the Upper Bay Loop, and a part of the Zone III Booster Pumping Station. * The cost of 292 acre feet of capacity in an open reservoir is not included. This cost will be presented to the City at the conclusion of the terminal reservoir study being conducted for the Irvine Company. �-' 001�' tit ."S VTOMMI, :.. le7 0 'd i p W-41 ► INTO - t Fp, ' VV /- FA &All H xr Aok: .Uh :,::, i)v Am 10 IS! I f +' u�1 lm� v -!W Ci .7 ���2 � \: I r / 4 / DEMAND 2520 GPM 6 N11-1. 7 04 DEMt4N0 /JOO GPM F /RE `2000 BPM i DEMAND 2800 GPM \ Z QW / DEMAND Q / I840 GPM J / LLGaNO ® Pipeline Gimme -far in inches Prrmuh Pwym4Y V Y& ve ExPafJny m"amisaan mains — — Proposed 71ronsmlesion mains Proposed bypose aLoo vo/ve JAMES M. MONTGOMERY c1ry OF NEWPORT BEACH PLATE coNwLInhe ENGINEER UPPER NEWPORT .BAY Loop to N. OAKLAND AVE. 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