Minutes 08/14/1984 - Laserfiche WebLink

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406 TUESDAY AUGUST 14, 1984 thereafter and, too, would reduce the City's monetary involvement in a "third plant" if constructed by the Henry County Public Service Authority. Other discussions cen- tered upon the odor control improvements to be installed at the City's treatment plant, i.e., as to whether Wiley & Wilson can guarantee that such improvements will permanently eliminate offensive odors, with Mr. Tom Crush, of Wiley & Wilson, indi- cating that--while no complete guarantee is possible with any such facility--the best technology is being employed toward achieving this goal. After further discussion, and upon motion, duly seconded and unanimously carried, Council directed City Manager Edmonds, along with his staff and the City's consulting engineers, to conduct the studies recommended by Mayor Cole and PSA Chairman Hubbard as well as to resume nego- tiations with the PSA (on matters subject to negotiation) and to provide Council with a status (or progress) report thereon within forty-five (45) days. By the following written report dated August 8, 1984, City ~1anager Edmonds emphasized the impendent need for Council to decide how to finance certain capital improvements for the City's water and sewer utility systems, as described in this report, with Mr. Edmonds recommending certain preliminary procedures, as part of the report, necessary to a November 6th referendum on his proposed method of financing the cost of these improvements: Background More than two years ago, it became apparent that we would have to issue some bonds to finance needed capital improvements in the Water Fund and in the Sewer Fund. Two assumptions were made early on, as follows: 1. That the bonds to be issued would be "pure" re- venue bonds--that is, backed strictly by reve- nues derived from the utility systems involved; and 2. That such bonds could and would be simply autho- rized by an ordinance adopted by the Council-- that is, without the necessity of a referendum