HomeMy WebLinkAbout1952-11-14 Minutes4h8
Fayetteville City Council met in adjourned session Friday at 1:30 P.M., November 14, 1952.
Present: Mayor Powell M:Rhea, City Clerk J.W.McG2hee, City Engineer John Mahaffey, City Auditor
Harold•Zick, and Aldermen :Richardson, Burge, Pratt, Williams, McAllister,atidPHEflinj
pI
Absent: Aldermen Hunt and Kent.
The Mayor stated that this meeting was for the purpose of hearing the report of
Report Engineers W.R.Holway of Tulsa and L.M.McGoodwin of Fayetteville, after which L.M.MeGoodwin
Of presented the report, which stressed that the present facilitiesvexe inadequate and declared
Holway & the City should carry out two construction projects as soon as possible: (of the Water System)
McGoodwin (1). A.raw water line from Lake Fayetteville to the filtration plant on Mt.
Slquoyah,including a pumping station at Lake Fayetteville; and
(2). A new filtration plant on Mt.Sequoyah with a capacity of 3,000,000 gallons,
per day. The pumping sVation and flow line would cost $280,000,as the Engineers recommended
id the filtration plant would cost about $150,000.
The report recommended that the City issue $`430,000. in general obligation
bonds to cover the construction, and levy a five -mill waterworks tax to back up the bonds.
After a general discussion of the report by the Council, it was decided that
nl furthef action would be taken at this time
The City Engineer presented the application of the Skalley Oil Co. for a
ilding permit at College Avenue and Lafayette Street to erect a Service Station, Alder-
chardson made a motion that Permit No.877 be issued to Skelley Oil Co., this motion was
conded by Alderman Williams, and was passed unanimously by the Council.
There being no further business, Alderman Richardson moved to adjourn,
conded by Alderman Heflin, which was passed unanimously by the Council, and the Mayor
clared the Council adjourned.
Approved . • 0��
Attest Mayor,
y Clerk
Fayetteville City Council met in regular session, Monday, November 24th, 1952.
Present:
Mayor Powell M.Rhea, City Clerk J.W.McGehee, City Attorney A.D.McAllister, City
Engineer
John Mahaffey, City Auditor Harold Zicks Fire Chief Burl Skelton and Aldermen:
Richardson
,Burge, Hunt,Pratt, McAllister, Heflin and Kent. Absent:Alderman Williams.
Minutes of the regular meeting of Novenmber 10th and the Adjourned Meeting of
Novemer
14th were read and approved.
Dallas P 'Raney, member of the Firm of T.J:Raney & Sons, Little Rock, Arkansas,
appeared
before the C6uncil and made the following proposal:
Proposal
Majror'_,and City Council
oP
Fayetteville, Arkansas
T.J.Raney
Gentlemen:
&Sons
We understand that your engineers have recommended that certain additiona,extensions and
improvements
to your water system be made. You have outstanding, as of December 1,1952,
$753,000
first -mortgage water revenue bonds,and your operating, statementsshows'1thht no.
bonds of equal security may be issued at this time.
additional
We
are of the opimion that it may be possible to find a buyer who will pay you par for
3
3/4% second -lien bonds, if a study of the past operations and estimated future operations
of
the system indicate that it will produce sufficient revenues to pay debt service charges
on
bojfh issues.
We, therefore, make the follwing proposal:
1.
We will recommend a program of financing and schedule of maturities based on our study
which we believe mast advantageous to the district.
2.
We will endeavor to secure a buyer for your second -mortgage bonds for which you shall
pay us a fee of r-200
3.
We will agree to pay all expense in connection with the issuance of the bonds, if they
are issued,including the printing of the bonds, attorney's approving opinion,prepera-
tion of ordinances,and other incidental expense.
4.
If we are not able to secure for you a buyer for these second -mortgage bonds, you will
owe us nothing for our services.
5. We agree to proceed with diligence and present our Bindings to the district as soon as
possible, but within thirty days from date of this agreement.
Respedtfully submitted;
T.J.Raney & Sons,
by Dallas P.Raney
'tc fr P.P. o v t
Alderman McAllister made a motion,)the above proposal as submitted, this motion was seconded
by
Alderman Pratt, and was passed unanimously by the Council.
At this time the bids for furnising and laying floor coverings for certain rooms
Bids
for
and wards of the City Hmspital were opened, which showed the following :
Floor
Cov-
Fayetteville Floor Co .................. 3 834.78
y • a
erings
at
Ozark Floor Co. ..................... 3,877.50
I
City
Alderman Richardson made a motion that the LOW BID of Fayetteville Floor Co., for
Hospital
$3,834.78 be accepted, this motion was secoRWecTbyy Alderman Kent, and was passed unan-
imously by the Council.