1930/04/16 Council Minutes - Laserfiche WebLink

558. APRIL 18th, 930. (Co nLlnue). agrees to contribute toward soot expense the sum of$10,000.00,and fur- ther agrees to advsmd0•to the.Ottycto'be applied upon eueh additional expense,the further sum of$7.000.00;euch.advance-of$7.000.00 to be repaid In the form of credits upon that portion of all of the water b111e in ex se•of the minimam charged under the contract,and such credits to 410.4 be continued until eueh sum hoe been repaid. It 1e understood that the contribution of$10,000.00 tobe made by the pulp company is to apply upon bonneeete be paid to co rectors for the advancement of the completion date of their respective contracts, and in theevent much date of,completion shall not be advanced up to Ally let,and only a portion of the total bonus ie earned,then such contribution of,$10.000.00 shall be reduced in the same proportion ee the actual bonus bears to$19,000.00. • The Puget Sound Pulp and Timber Co.,further agrees to pay to the City of Everett,for all water delivered to It,ae per this agreement, for operating purposes.In accordance with the rates fixed in Ste afore- meld contract of march 9th,1929. This agreement le contingent upon the City taking the neoessary steps end making the neceseary arrangements with the c motors,and othemlee,for the advancement of delivery date of the water,ae aforesaid. The oentrlbuticn of$10,000.00 and the advancement of$7,000.00 bytate.companywto the City,as hereinabove agreed to,shall be made of the date when delivery of water to the pulp mill is commenced thru the new pipe line. The offers contained in thle letter are made expressly contingent upon the prompt acceptance by the City and acknowledgment of such aodeptanee in writing. • Yours very truly, Puget Sou.Pulp&Timber Co., Sy Oesian Anderson, President. Carried. ✓ — mooed by Rasmussen,seconded by Martin,that the bide on the • 15,000 gallon water tank be laid over to April 19th,1950,10-30 A.m., 'for further consideration. Carried. Cu - motion the Cnu01.1 adjourned at 1140 A.M. Read and approved by the City Com Aril 17th,1930. City Cl elk. ]fesor.