Minutes 08/11/1959 - Laserfiche WebLink

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~ ll.. TTJ'ESDAY AUGUST 11, 1959 Two points regarding the above that should be noted. The first is that the schedule for preparation by the engineers of the detailed plans as authorized by Council is over two years from July l, 1958, thus this will continue to June 30, 1960, six months beyond the December 31, 1959 date. The second is that land acquisition cost, primarily the treatment plant site will if bought prior to December 31, 1959, possib ly require drawing on funds for plans or construction. The 1958 costs have been thoroughly evaluated to determine the cost of the overall program at this time. ,,-.. The following would necessitate an increase in total construction costs: 1. Construction costs in general have increased, are going up, and will continue to go up. 2. The area to be annexed January 1, 1960 will have to be included as to collector lines. 3. Additional business and residential development in the city which has or will take place necessitates some added collector lines. The following would benefit the cost of financing of the program: 1. A substantial part of the cost of plans will have been paid. 2. The Lanier Lake outfall will be completed. 3. The construction account balance will be available. 4. Increased sewer charge revenue will be received as a result of the annexed area. It is the cons idered opinion of those studying in detail the situation that these factors balance each other total-wise. Thus Council is advised that for the propos ing of a program this fall total cost figures as used in November, 1957, may be used at this time. Attached to this report is a brief summary of four programs for Council's consideration in determining methods of financing. These programs, "A", "B", nc", and "D", are ess entially the same, with some minor revisions, as the four alternates corn idered in 1957. ,,- Council in 1957 selected and proposed plan liD". This plan was, at that time, acceptable to the Water Control Board as was plan "A". Contingent on Council's decision at this stage, if anyone plan or revision is adopted a detailed outline of the construction, engineering and maintenance and operation schedules as well as revenue, bond interest and bond amortization schedules will be formalized for the period of years imrolved. If Plan "D" were again followed projects would generally be handled as follows over the seven year period: 1 to 24 months: Portion Jores Creek Interceptor. Collector Lines Smith Road and 220 north area. Portion Mulberry Creek interceptor