Laserfiche WebLink
A <br /> .I 458 <br /> . October 15,1980 <br /> The regular <br /> 0 <br /> called to order at <br /> meetingf 1980,in ethe 2Conference <br /> Everett City <br /> yH Hall,with <br /> Overstreetresident presiding and Mayo Moore <br /> and all Councilmen an attendance. <br /> 1 <br /> ' FILTRATION PLANT FINANCING REPORT WORKSHOP-(CR 8010-424) <br /> _ rof t blit works 0 ted t <br /> workshop was to pre aspects <br /> fe-said the first was an iltration <br /> ccnstrwction costs <br /> O <br /> of the value <br /> neering study that was performed,the <br /> asPect <br /> rnatives <br /> or <br /> would <br /> be be policy <br /> l was• <br /> regarded the cal <br /> 5statements CI Cl.fiing nancing <br /> heir .Hulbert from P.U.D.would <br /> some <br /> plan,if approved,should be an the <br /> design stage Mr.Haglu,sbyadanuazythe lofa198, <br /> President Overstreet d if DSHS has to give <br /> approval and d <br /> what the latest date would thee Council have to makea decision on the <br /> plant. Mr.Hagl <br /> said <br /> SHS did have to give <br /> rovl bot that would <br /> • <br /> onlortake a der to negknri�ate wash sone county Council approval atv s,was needed asaseon as possible <br /> • <br /> ed about the cost of ng the bonds and Mayor <br /> • Moore stated he had met with a financial consultant from Seattle North- <br /> . west Securities and had Councilman Michelson kdetermined that the City hae the capacity to <br /> handle the bonds.• <br /> Councilman iw <br /> also <br /> r <br /> P this meeting,said he felt <br /> comfortable pwiththe fans ingasp t. <br /> Haglund said filtration plant f will <br /> llanecessitate <br /> swater <br /> rate see one for all users. The 27.1 leillion 1980costs. i construction wouldnothedone <br /> until was 19 1-82 another t101 xshould nbe addedtoallow for iflaton <br /> and added costs,bringing per <br /> total prol t cost to 461 Million Dollars. <br /> • <br /> and said alternatives d beconsidered <br /> d <br /> or <br /> financing the p project. The <br /> wouldbe t P.U.D. and „ <br /> ty can <br /> oeThey <br /> are a - r <br /> bonding whereas the nvyo 2-yea T secondwould basically like <br /> exceptthe first to incorporate is The <br /> currently in eprocess <br /> p ¢result in an additional- requesting This h <br /> gof$1.53pe65805eSon Thethird <br /> • alternative ould b25yearfunding a r/ interest wi51 <br /> Million <br /> Dollars from outside 31.65 per <br /> • month increase to Alternative <br /> y users, would <br /> ue2ear <br /> • funding to be borne nresulting tIff$1.1 <br /> per <br /> • month. The last <br /> ative would be to do nothing now. <br /> Recommendation isto <br /> use alternative number three. <br /> 'a Irma s regarding an increase in <br /> sed on consumPtien <br /> dee were based on <br /> equal amount to each area <br /> hat there udsal rates for large <br /> consumers on the <br />