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<br />{ <br /> <br />TUESDAY <br /> <br />AUGLBT 11, 1959 <br /> <br />..",.,.- <br /> <br />Fourtreatroont plant sites have been under study, all in the same general area <br />along Smith River. The time s pent in analyzing the individual locations has <br />been valuable in satisfaction that a thorough study has been made. Consider- <br />able time has been spent in the possibility of securing one particular location. <br />Howevl~r, it is doubted this can materalize, with regard to the land being avail- <br />able. The fourth, and entirely satisfactory, site is now under negotiation and <br />it is hoped to bring something firm on this to Council within a short time. <br /> <br />It is hoped this report has been complete and adequate. If further information <br />is desired by City Council such will be developed. <br /> <br />,- <br /> <br />MARTINSVILIE SEWERAGE SYSTEM IMPROVEMENT PROGRAM <br />1. SEWAGE TREATMENT PlANT. <br />2. INTERCEPTOR AND OUTE'ALL LINFS TO BRING PRESENT SYS'rEM INl'O PLANT. <br />3. REPIACEMENT OF INADEQUATE INTERCEPTORS IN PRESENT SYSTEM. <br />4. COLLECTORS FCR AREAS OF CITY NOT SERVED BY SEiVERS AT ffiESENl'. <br />5. INTERCEPTORS TO BRING NEiV COLLECTORS INTO SYSTEM AND TREATMENl' PLANT. <br />6. MISCELlANEOUS - lAND AND RIGHT OF WAY, IEGAL, ADMINISTRATIVE, ETC. <br />TOTAL ESTINJATED COST - $3,700,000 <br /> <br />PROGRAM "A" <br />TOTAL BOND ISSUE AND BOND SALE - $3,700,000. <br />CONSTRUCTION - ENl'IRE PROGRAM IET TO CONTRACTS AND COMPIETED AS EARLY AS <br />PR.A..CTICAL AFTER SAIE OF BONDS. <br />SEWER SERVICE CHARGE - 144% (MINIMUM) OF WATER CH ARGES. <br />BONDS - 30 YEARS MATURITY. <br />TOTAL INTEREST PAYMENTS OilER 30 YEARS - $2,294,000. <br />WOULD NOT AIJ..G\'I FCR CAPITAL IMPROVEMENTS ANNUALLY BEYOND BOND ISSUE PROGRAM. <br /> <br />PROGRAM "B" <br />TOTAL BOND ISSUE AND BOND SAIES - $2,350,000. <br />SEWER SERVICE CHARGE REVENUE EQUAL TO WATER REVENUE - SEWER CHARGE <br />100% i"JATER CHARGE. <br />BONDS - 20-YEAR MATURITY. <br />TOTAL INl'ERFST PAYMENT - $1,232,800. <br />AVA I LAB IE FOR CAPI'fAL ll.'fPROVEMENTS 9th TO 26th YEA.1l - Al\TNUALLY APPROX. $41,000. <br />TREATMENT PLANT CONSTRUCTION TO BEGIN BET/mEN 5th AND 6th YEARS. <br /> <br />PROGRAM IIC II <br />7 YEAH CONSTRUCTION PROGRAM AS IN PROGRAM "B". <br />TarAL BOND ISSUE AND BOND SAIES <br />$1,000,000 - 1st YEAR <br />$1,700,000 - 5th YEAR <br /> <br />$2,700,000 <br />SEWER SERVJCE CHARGE REVENUE 90% OF WATER REVENUE.BONDS 30 YEAR MA TORITY. <br />HITEREST COST - TarAL - $2,024,800. <br />AVAILJI.BIE FOR CAPITAL lllffiOVEMENl'S - ANNUALLY 8th to 35th YEAR AVERAGE - <br />$10,000 APPROXTIf..ATELY. <br />