1950.05.04_0000122 ig
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A site for a new well in Knolls Vista,the Mayor advised,has been agreed on,consisting of approx.two acresm atapriceof$1.000 per acre.The school to besekrècted intheareawillusepartofthetwoacres,and AttorneyMcLeanwasinstructedtodrawupthenecessarypapersMotionbyStarr2ndbyThorenwasmadeandcarried.
9 11ee Chief Bjork reported on speed conditions inKËollsVista.He reccomended a speed of l¶MPH and a.motion by Taylor &Goodrich was made and carriedto orderinstallationofsignsestablishingthespeedlimits.
Chief Bjork reported on the dog situation and advised thataplanwasbeingwèrkedouttocopewiththematter.
Meeting recessed ¼-1,5~60
Attest Clerk C.M.McCoshMayor
May 4-50
Recessed meeting of April 2¶continted,called to order byMayorMcCosh,Members present were Councilmen Goodrich,Starr,Shaddock,.Gillett,Lowe,Thoren &Taylor.
Meeting called to consider proposal of Harper &Son to finance Wthewater&Sewer systems extensions under one bond issue 18:taking up existing issues of warrants and bonds.
Mr.Ellsworth explained the proposal at length,including themethodoffinancingthedeal,life of bonds,price,and rate ofofinterest.
The amount of the bond issue would be $430.000,which Mr.Ellsworth explained should take care ofnormal requirements forthenextfiveyears,including the new wäher tank,and a sewersystemforTaollsvista.
He advised that a faa.t.her $70.000 had béen yovided,partofwhichcouldbeusedforextensionsonLakeviewTerraceprovidedthataguarenteednumberofhouseswouldbeerectedonthatproject.
Mr.Ellsworth adviseed that the price of the bonds would be99point34,at 3)¾.Oh,
The proposal having been fully explained and considered bytheCouncil,Councilman Taylor 2nd by Shaddock moved that theofferbeacceptedandthattheMayorandClerkbeauthorisedtosignthecontract.Motion aarried.
Adjd.Attest (\E.Penhallick ,Clerk C.M.McCosh X,.à\pS,Mayor