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FOR A NEW BRIDGE OVER THE SOUTH FORK AT HYDRAULIC SINCE THERE WOULD BE NO NEED TO RAISE THIS BRIDGE UNTIL THE DAM IS RAISED TO 38~ OR 385° THIS PLAN WOULD ALSO PROVIDE FOR THE PURCHASING OF ALL OF THE LAND AND FLOOD RIGHTS NEEDED FOR THE ULTIMATE DEVELOPMENT. MR. GILMER ESTIMATED THAT THE COST OF THE REVISED PLAN WOULD AMOUNT TO APPROXIMATELY TWO AND ONE HALF MILLION DOLLARS= HOWEVER~ HE STATED THAT THESE FIGURES WERE HURRIEDLY PREPARED AND SHOULD BE RESTUDIED IN HIS OFFICE. HE STATED IT WOULD= OF COURSE~ BE NECESSARY TO DETERMINE WHETHER OR ~O~ THE PROPOSED DAM SITE WOULD BE SUITABLE FOR THE CONSTRUCTION OF A DAM AND IN ORDER TO DO THIS BORINGS WOULD HAVE TO BE HADE AND HE ESTIMATED THE COST OF BORINGS~ ETC. WOULD COST BETWEEN SIX AND TEN THOUSAND DOLLARS. HE STATED THAT HE THOUGHT IT MIGHT BE POSSIBLE TO HAVE THIS STUDY AND BORINGS COMPLETED BY JANUARY 1~ 1962~ AND HE ESTIMATED THAT THE PROJECT COULD BE DEVELOPED TO A POINT WHEREBY WATER COULD BE SECURED FROM THIS SOURCE BY THE MIDDLE OF 1964. THE CITY MANAGER RECOMMENDED THAT THE REVISED PLAN BE ~CCEPTED BECAUSE IT WOULD ENABLE THE EXPANSION OF THE CITY'S WATER SYSTEM AS NEEDED AND WOULD NOT RE- QUIRE PRESENT USERS TO BE UNDULY BURDENED WITH A PORTION OF THE WATER SYSTEM THAT WOULD NOT BE NEEDED DURING THE IMMEDIATE PERIOD OF FIFTEEN (15) TO TWENTY (20) YEARS. HE. ALSO STATED THAT IF THE REVISED PLAN WAS DEVELOPED AT THIS TIME) IT WOULD REQUIRE A RATE INCREASE eF APPROXIMATELY SIXTY PERCENT (60~)) WHEREAS~ IF THE TOTAL PROJECT WAS CONSTRUCTED AT THIS TIME) THE INCREASE WOULD AMOUNT TO APPROXIMATELY ONE HUNDRED PERCE.T (t 00~). AFTER CONSIDERABLE DISOUSSION BY THE COUNCIL, THE CiTY MANAGER RECOMMENDED THAT THE ENGINEERS BE REQUESTED TO STUDY THE REVISED PLAN TO DETERMINE WHETHER OR NOT THE ESTIMATED PRICE OF TWO AND ONE HALF MILLION DOLLARS IS CORRECT~ THAT AN OPTION BE SECURED ON THE DAM SITE; THAT AS Seen AS THE OPTION IS SECURED THE SUM OF TEN THOUSAND DOLLARS (~t0~000.00)~ OR AS HUCH THEREOF AS IS NEEDED, BE MADE AVAILABLE FOR THE DAM SITE INVESTIGATION~ THAT HE BE AUTHORIZED TO NEGOTIATE A CONTRACT WITH POLGLAZE AND BASENBERG FOR THE ENGINEERING WORK~ SUCH CONTRACT BEING CONTINGENT ON THE ISSUANCE OF BONDS FOR THE PROdECT BEING AUTHORIZED BY THE VOTERS~ AND THAT AS SOON AS THE SITE IS PROVEN FEASIBLE THE VOTERS BE ASKED TO AUTHORIZE THE ISSUANCE OF BONDS TO COVER THE COST OF THE RE.VISED PROJECt. ON MOTION BY ~R.HAGGERTY~ SECONDED BY MR. LEE~ THE RECOMMENDATIONS OF THE CITY MANAGER WERE UNANIMOUSLY ADOPTED= AND THE ENGINEERS WERE REQUESTED TO PROCEED AS SOON AS POSSIBLE. ON MOTION THE HEE~I'NG ADJOURNED. PRES I DENT COUNCIL CHAMBER - OCTOBER 16~ 1961 THE COUNCIL MET IN REGULAR SESSION ON THIS DATE WITH THE FOLLOWING MEMBERS PRESENT: MR. HAGGERTY) MR. LEE~ MR, MOUNT~ MR. PONTON AND MR. SCRIBNER. ABSENT: NONE. THE MINUTES OF THE MEETINGS OF OCTOBER 2~ 1961 AND OCTOBER 5j 1961 WERE READ AND APPROVED. MR. GORDON ~tNFIELD ADDRESSED THE COUNCIL AND GAVE A REPORT ON THE ACTIVITIES OF THE JAYCEE'S FOR THE PAST YEAR. HE ALSO REQUESTED EXEMPTION FROM THE LICENSE TAX ON THE SALE OF LIGHT BULBS AND CHRIS,MAS WRAPPING PAPER WHICH THE CLUB PLANS FOR OCTOBER ~3j 1961. ON MOTION BY MRo HAGGERTY~ SECONDED BY MR. LEE~ THE JUNIOR CHAMBER OF COMMERCE WAS DECLARED A NON PROFIT ORGANIZATION UNDER SECTION 89 D OF