06/25/73 Board of Public Works Minutes

Home Browse Search

REGULAR MEETING JUNE 25, 1973 Bus Service - will be available within 30 days. Sewer Service - begin construction within I year and complete construction within 3 years of all trunk sewers. Local sewers can be installed as requested by the residents of the territory. Parks - maintenance of Clay Township Park to be assumed immediately by the City and capital improvements to the park to be completed within 3 years. SECTION 4. The Board of Public Works now establishes and adopts the following fiscal plan for the furnishing of said services: Street Maintenance - estimated annual cost of street maintenance for Traffic Control 72 miles of streets will be $290,952. Annual revenues received by the City from refund of state collected motor vehicle gas taxes will be $8.85 per capita and with an estimated popula- tion of 10,830 producing $95,845. The balance of the cost will be paid from appropriations from revenue sharing funds. Street Lighting - estimated annual cost of street lighting for streets to be lighted during the first year will be $14,400, for the second year $43,200, and for the third year $72,000. Annual cost thereafter will be $86,400. The first two years will be paid from appropriations from revenue sharing funds. The last year will be paid from tax revenues from the same fund that finances the present street lighting. Sanitation - this service is provided for a fee of $3.00 per month per family and is currently a self- supporting service. No. City costs are assigned to this service. Bus - bus service will be available to the proposed area within 30 days. Estimated annual expense to the City will be $40,411 and will be financed in the same manner as existing bus service is provided to the City. Sewer - Trunk sewers would be provided for the area by the construction of $950,000 worth of 12, 15 and 18 inch diameter pipes plus 2 sewage pumping stations. The replacement cost of the existing sewers and pumping station in the proposed area owned by Clay Utilities, Inc, are estimated to be worth $120,000. The total cost for trunk sewer system would be $1,070,000. Financing of this construction could be accomplished in several ways. First, Federal Water and Sewer Grants are expected in the near future for this type of con- struction. Based on 75% Federal participation, 10% State participation and the remainder from local sources, the local cost would be $160,500. In the event this type of financing was unavail- able general obligation bonds could be issued for the construction of trunk sewers in the amount of $1,070,000. Based on 5% interest and 25 year term, the annual cost would be $75,919. The City has the bonding capacity to float this amount of loans. Parks - parks and open spaces within the territory to be annexed consist of the Clay Park consisting of 45 acres and school play areas consisting of approximately 40 acres. The average park land and open space available in the City is 7.17 acres per 1,000 population. Total park land and open space in the territory to be annexed is approximately 85 acres. Maintenance of the Clay Park would be assumed immediately by the