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<br />280 <br /> <br />TUESDAY <br /> <br />~ARCH ili, ~ <br /> <br />The regular semi-monthly meeting of the Council of t.he City of Martinsville, <br /> <br />Virginia, vrith Mayor J. Frank Wilson presiding, was held in the Co~mcil Charrber, <br /> <br />C . t "1' 1} crt.. ' ~r h 11 .061 t 7 J l' D 'f d' th 11 ' f' <br />1 Y ra~., lu.esaay, hlarc +,.l./ , a:.,.; '.11"., arL lffl a~_ memoers 0_ <br /> <br />CO'J:!cil present, viz., Mayor J. Frank!!'!ilson; Vice-IvI2yorFred T. Renick; Thomas <br /> <br />J. Burch; :2;. E. Stone, and Harpy L. Boaz. <br /> <br />kfter tbe invocation, Council approved as read the minllte~; of its regular meeting <br /> <br />held February 28, 1961. <br /> <br />City I'I~anaqer Hirst presented Cl. letter from the Vice-President and General :'\lanar::er <br /> <br />of the Appalachian Power Company, adVising that the City's r(~cent offer (of <br /> <br />.$hO,201.00--see minutes of Februa.ry 16, 1961) for the nurchase of Apnalachian's <br /> <br />electric facilities in the area annexed to the City as of January 1, 1960 is not <br /> <br />a.cceptable to Appalachian and, further, sUsF:estiq; that the quest.ion of value of <br /> <br />the~;(' facilities be arb:.trated by the state Corporation Commission. Counc:.l <br /> <br />detE.;rmined, however, that this question lies solely bet.ween Appa18.chian ani the <br /> <br />C i~y of ~'.'Iartinsville and that the City will not Day more than the replacement <br /> <br />v2.1ue of the facilities, less depreciation, which has been established bOtll by <br /> <br />ApralC'chia.n and two independent appraisals by the Cit.y as beirg $thO,201.CO, <br /> <br />Cou.DcD further pointing out that the lJroposal recently made by ADpalachian <br /> <br />includes a franchise value and that ApDalachian has no franchise to operate as <br /> <br />an electric utility in the an::exed area. Courcil rei'erred this matter t.o T!<ayCll:' <br /> <br />':'Ii lsn!i and City Attorney Cubine for disposition. <br /> <br />City I':ianager Hirst informed Council that., at the request. of the Forest. Park <br /> <br />- <br /> <br />Country Club, additio:lal eni~ineoriw,: studies are bEjrg T:1a.de for cunsideration of <br /> <br />an alternate route acres:, the Club's pronerty for tlw City's nroposed Uulbe:::-ry <br /> <br />Cree'e Sewer Interceptor. <br /> <br />