HomeMy WebLinkAbout02-70 RESOLUTION=1--.
15. V
RESOLUTION NO. 2 7'e)
MIN
WHEREAS, Phase III of the sewer construction projects
currently being undertaken by the Water and Sewer Department of
-the City of Fayetteville, Arkansas is estimated to cost $1,150,000
which is some $31,000 it excess of the cost anticipated at the
time financing was arranged and construction contracted; and
WHEREAS, failure to complete said sewer construction
projects would render the sewerage system incapable of providing
adequate sewer service; and
WHEREAS, failure to complete said sewer construction
projects would render the sewerage system incapable of providing
service to additional customers and would, therefore, adversely
-t affect the sewer system as a revenue producing undertaking; and
-WHEREAS, the Arkansas Highway Department has notified
the City of Fayetteville, Arkansas that certain water sewer lines
running parallel to U. S. Highway.No. 71 can not remain at their
present location on State Highway Right of Way and must be re --
located immediately to a position back of new curbing and storm
drainage systems to be constructed by the Highway Department as
U. S. Highway 71 is widened;and
WHEREAS, the estimated cost of said re -location is
$45,000 and the cost of said relocation is not reimbursable by the
Highway Department; and
WHEREAS, failure to relocate these water and sewer
facilities so that their continued use will be assured would render
the water and sewer system incapable of supplying water to some
350 residential consumers, four industrial consumers and numerous
small business consumers; and
re.
WHEREAS, failure to,{locate these water and sewer facilities
would render the water and sewer system incapable of providing
sewerage service to some 4,000 customers'and would, therefore,
adversely affect the continuous operation of the waterworks and
sewer system as revenue producing undertaking;•and
WHEREAS, the waterworks and sewer contingency reserve
fund has a current balance of $151,130 compared with a reserve
requirement of $100,000 for said funds; and
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WHEREAS, monies for the above necessary unforeseen
"emergency expenditures are not available from any other waterworks
or sewer system related funds or any other waterworks and sewer
system related revenue; and
WHEREAS, the water and sewer construction fund balance
has been obligated to pay contracts awarded for - construction of
waterworks and sewer system facilities; and
WHEREAS, the current rate of expenditures for waterworks
and sewer system operations and debtobligations will reduce the
v" watertiaorks "and" scorer operating fund_ balance to amounts substantially
less than the amount needed for these emergencies by the end of
the current fiscal year; and•
WHEREAS, the resources of the waterworks and sewer system
surplus revenue funds have been earmarked for construction of water
and sewer facilities necessary for the development of the
industrial park;
NOW, THEREFORE, Bi -IT RESOLVED BY THE BOARD OF DIRECTORS
OF THE CITY OF FAYETTEVILLE, ARKANSAS:
1. That the expenditure or transfer of $75,000
from the Waterworks and Sewer Contingency Reserve Fund
is hereby authorized .to provide funds for the relocation of water
and sewer.lines running parallel to U. S. Highway No. 71, and to
provide adequate financing for the Phase III of the sewer construction
project currently being undertaken by the Water and Sewer Department
of the City of Fayetteville, Arkansas. BE IT FURTHER RESOLVED that
the waterworks and sewer utility rates study now being conducted by
Black and Veatch of Kansas City, Missouri, include in its schedule
of necessary revenues an amount needed to restore the balance of the
Waterworks. and Sewer Contingency Reserve Fund to $100,000 in addition
to the amount needed to meet all operating, capital outlay and debt
amortization and reserve requirements of Resolution 7-63, Ordinance
1508 and Ordinance 1653 of the City of Fayetteville, Arkansas.
ATTEST:
PASSED AND. APPROVED this
Marilyn Mo
Cil:y Clerk
day of
, 1970.
Garland Melton, Jr.agor
yor
RESOLUTION NO. !-70
is WHEREAS, Phase III of the sewer
construction projects currently being
undertaken by the Water and Sewer De-
partment of the City of Fay'ettteville,
Arkansas is estimated to cost $1,150,000
which is some 531.000 in excess of the
cost anticipated at the time financing
was arranged and construction con-
tracted; and
WHEREAS, failure to complete said
sewer construction projects would ren-
der the sewerage system incapable of
providing adequate sewer service; and
WHEREAS, failure to complete said
sewer construction projects would ren-
der the sewerage system incapable of
providing service to additional customers
and would, therefore, adversely affect
the sewer system as a revenue produc-
ing undertaking; and
WHEREAS, the Arkansas Highway De-
partment has notified the City of Fay-
etteville, Arkansas that certain water
sewer lines running parallel to U. S.
Highway No. 71 can not remain at their
present location on State Highway Right
of Way and must be relocated im-
mediately to a position back of new
curbing and storm drainage systems to
be constructed by the Highway Depart-
ment as U. 5. Highway 71 is widened;
and
WHEREAS, the estimated cost of said
re -location is 545,000 and the cost of
said relocation is not reimbursable by
the Highway Department; and
WHEREAS, failure to relocate these
water and sewer facilities so that their
continued use will be assured would ren-
der the water and sewer system incapa-
ble of supplying water to some 350 resi-
dential consumers, four industrial con-
sumers and numerous small business
consumers; and
WHEREAS, failure to relocate these
water and sewer facilities would render
the water and sewer system incapable of
providing sewerage service to some
9,000 customers and would, therefore,
adversely affect the continuous opera-
tion of the waterworks and sewer system
as revenue producing undertaking; and '
WHEREAS, the waterworks and sewer
contingency reserve fund has a current
balance of *151.130 compared with a re-
serve requirement of $100,000 for said
funds; and
WHEREAS, monies for the above
necessary unforeseen emergency ex-
penditures are not available from any
other waterworks or sewer system re-
lated funds or any other waterworks
and sewer system related revenue; and
WHEREAS, the 'water and sewer con-
struction fund balance has been obli-
gated to pay contracts awarded for con-
struction of waterworks and sewer sys-
tem facilities; and
WHEREAS, the current rate of ex-
penditures for waterworks and sewer
system operations and debt obligations
will reduce the waterworks and sewer
•operating fund balance to amounts sub-
'stantially less than the amount needed
fcr these emergencies by the end of
the current fiscal year; and
WHEREAS, the resources of the
waterworks and sewer system surplus
revenue funds have been earmarked for
construction of water and sewer facilities
necessary for the development of the
industrial park;
NOW, THEREFORE, BE rr RE-
SOLVED BY THE BOARD OF DIREC-
TORS OF' THE CITY OF FAYE'ITE-
VILLE, ARKANSAS:
1. That the expenditure or transfer of
*75.000 from the Waterworks and Sewer
Contingency Reserve Fund is hereby au-
thorized to provide funds for the reloca-
tion of water and sewer lines running
parallel to U. S. Highway No. 71, and
to provide adequate financing for the
Phase III of the sewer construction
project currently being undertaken by
the Water and Sewer Department of the
City of Fayetteville, Arkansas. BE IT
FURTHER RESOLVED that the water-
works and sewer utility rates study now
being conducted by Black and Veatch of
Kansas City. Missouri, include in its
schedule of necessary revenues an
amount needed to restore the balance of
the Waterworks and Sewer Contingency
Reserve Fund to 5100,000 in addition to
the amount needed to meet all operating,
capital outlay and debt amortization and
reserve requirements of Resolution 7-63,
Ordinance 1508 and Ordinance 1653 of
the Citv of Fayetteville, Arkansas.
PASSED AND APPROVED this ?nd
lay of February. 1970.
GARLAND MELTON, JR., Mayor
ATTEST:
MARILYN MOORE,
City Clerk
(Set;i) 9-ltc '
. 1.
STATE of ARKANSAS
County of Washington
SS.
Rr,s . CICS A
am the\,(General Manager) of THE NORTHWEST ARKANSAS TIMES,
a daily newspaper having a second class mailing privilege, and being not
less than four pages of five columns each, published at a fixed place of
business and at a fixed (daily) intervals continuously in the City of
Fayetteville, County of Washington, Arkansas for more than a period
of twelve months, circulated and distributed from an established place of
business to subscribers and readers generally of all classes in the City
& County for a definite price for each copy, or a fixed price per annum,
which price was fixed at what is considered the value of the publication,
based upon the news value and service value it contains, that at least fifty
percent of the subscribers thereto have paid cash for their subscriptions
to the newspaper or its agents or through recognized news dealers over a
period of at least six months; and that the said newspaper publishers an
average of more than forty percent news matter.
I further certify that the legal notice hereto attached in the matter of
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, hereby certify that I
was published in the regular daily issue of said newspaper for
ennsecutivP insertion" as follows:
The first insertion on the 271 day of- �� �G-' --- 19%0
the second insertion on the day of 19
the third insertion on the _________________. day of 19
and the fourth insertion on the —____ day of
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jC!n!.c- 1 1•
i
19
Sworn to and subscribed before me on this day of
My Commission Expires:
19_ 6
Fees for Printing
Cost of Proof
Total ----- $ ----