Minutes 02/14/1956 - Laserfiche WebLink

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/r-- ~':f ~i i - 4 TUESDAY FEBRUARY J1.J., 1956 The Council received this study on December 22, 1955 and at their next meeting released their tentative decision to pay fcr the bonds throuGh an incrr3ase in the property tax. The City Attorney advised Council that it would be necessary to amend the City Charter in order to Increase the taxes sul'ficiently to pay for the bonds. He req'~ested that this required step be given thorough publicity. Such was donG by feo.turc stories in both press and radio on December 28, 1955. Again on January 4, 1945, January 25, 1956 and Jcmuary 30, 1956. The Charter change would be permissive legislation with the Council pledged to increase taxes only to the extent needed to pay for the bonds. Therefore, Council has not called a public heariIl[. on the proposed charter ctcmge for the pr'inciple reason that since the tax increase would be used only in the event the people voted the bonds it vIas felt this would amount to a vote on the tax increase itself. Council feels that it has ? most serious obligation to the public to advise them 2.3 to hov:r -c,he prm;osed bonds can be financed prior to the time that the public is called upon to vote on the issue. Hovmver, local people having notified the City Council and our Delegates and Senators that they are opposed to an incrC;:cse in our tax limit, we must fine) an alternate means of financing the bonds. Therefore, at this time, it is believed by Cocmcil t'~at if the public votes for the $1,450,000 school bond issue on March 15 it "\'1111 be necessary to raise tho real estate and public service corporations tax frora $2.00 to $2.25 and :::'inance the balance of the bonds 'Ni th a two to U'.ree percent consumers utility tax or by some other means such as a carbaGe collection tax. In further connection vr1 th .~he School bond election and the tax rate limit aITBndrrent, Council acknovlledged a letter from the M8rtinsville-IIenry County Real Estate Board questioning the need for a tax rate limit increase ;:mcl 2. letter from Mr. Leon Globman sU'TJorting the City's efforts to provide needed improvements. City Lia.nager rYcathewson read to the Council a letter fro"l Mr. H. C. Lester dated February 14, 1956 regarding the closure and abandonment of ," part of the Dye Plant Road near its intersection with the East rrnrgin of HiGhway 11220 contiguous to what is knmvn as 2. Texaco Service Station, property of H. C. I.,cster. In view of the fact that a right-of-way has been obtained from Hr. Lester across the Southern portion of the Texaco Service Station property which will take the place of the portion of the Dye Plant Road asked to be abcmdoned; that is to say, there will be a new entrance leading from the 1PJe Plant Road into Highway 11220, and it has been determined by the