08/24/1936 Meeting - Laserfiche WebLink

Home Browse Search

~ 513 . - . - - -- . - . - .._.~- - ._0.._., ___ . ____. .._ _.... ~_ __~.__ u_.__ ___ __ ----- -- - ._- --- -- - - ~ --- --- _-....0 _ _ __ ___ __ ..__ _ ~ __ . ~.__ ~_.___ _ ~ ._. _ __ ____ _ _ _ ____.._ ____ ___ _ _ ~__ Interest on loan of $55.700.00 to General Fund from April 1908 to April, 1909.................$ 305.29 _ 'rotel ~n 068 06 ~~ 1 ... ..........................."......>.............- ~iPt:; , v .. ~. I ,'~~,! II Leaving a net debit against the Entire system ~ on account of interest actually paid on Bonds of the sum of .................................................. .......... $29 ,951.17 The next payment of interest is on the $300,000.00 issue and is payable on July 1st., 1911 in New York City..... .......... ............ ........... $7,500.00 with exchange and banking charges for paying the s am e, and ..................................... ...... ~.. . . .. . 1 , 500 .. 00 with exchange on August 1st on the $60,000..00 issue. NOW be it RESOLVED that the foregoing statement of the financial condition, charges against said plant and incidentals connected therewith be furnished to the Eugene ~ater Board for their information as being the most accurate infor- tJ I mation obtainable at this time and being for practical purposes a correct state- ment as near as can at this time be determined by the Council. I Approved by the Mayor this Passed the Common Council this day of April, 1911 24th day of Anril 1911. I R. S. BRYSON I Mayor. -- Recorder STATE OF OREGON ) I COUNTY OF LANE ) ss I CITY OF EUGENE ) I, R. S. Bryson, City Recorder hereby certify that I have carefully compared -'I the foregoing copy of Resolution wi th the original thereof and that said copy is - a full true and complete transcript of said original and the whole thereof as same appears in my official care and custody this April 25, 1911. R. u. Bryson, Recorder I (SELL OF CITY OF EUGENE) At the conclusion of this report, Mr. S. R. Stevenson addressed the council stating that he had always felt that the ~ater Board represented the same group of people as the council. During Mr. McClaim's regime as Superintendent of the Eugene ~ater Board, he stated that a public budget group had been appointed to meet with the Eugene ~'ater Board to work out the bUdget and he remembered that discounts that the city had been receiving were granted in lieu of a franchise or tax and not held as a loan. I ti~ In rebuttal Mr. M. Wilhelm stated that Home Owners had stopped building homes I in Eugene due to high taxes and practically all the new buildings were being con- structed outside of the city limits with the same light and water privileges as the-local inhabitants. He further stated that the tax payers of the city of I Eugene furnished the credit of the Eugene ~ater Board, and that the use of streets, alleys, running of poles, running of mains was being furnished free of charge and felt that there should be some remuneration for this service. I , Mr. Victor Todd, Superintendent of the lXPA, remarked that 400 people were em- I' plo~ed by the ~PA and that the majority of them are not home owners but are con- I sumers. He believed that too much stress was being placed on the position of the tax 'Reyer. I Councilman 6arlson objected to Mr. Todd's statement, explaining that the Water . Board would not be enjoying free services were they a privately-owned concern; -:.1 hence the importance of the taxpayers' position. It was Mr. Carlson's understand- ins that a statement had been made by the Board that the crty was paying 2i for the"r . - service while other corporations were pa~ring 3/4i. Mr. Brolrm stated that the 2i . rating included not only the electricity and water furnished but also maintenance of the system as well. Mr. M. Svarverud, one of the original members of the Eugene ~ater Board, stated that the city of ~ugene o~ned that utility and that the Board were only managers. He believed that the Board and Council should hsve no differences and to work the problem out peacefully. Motion was made and seconded that this dis- cussion be closed until the next meeting and it was so ordered. tJ The Judiciary COIDmittee, represented by Councilman Harris, rep~ted negatively _....,-- '~