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349 <br /> September.23,1992 <br /> the market turns around we will be in a position to go back and <br /> achieve a $1,000,000 savings." The third part deals with <br /> $0,000,000 which is a new debt that will be applied to a new <br /> project to double the capacity of the water filtration plant. <br /> Mr. Cushman emphasized that the only new money is the <br /> $S,000,000. <br /> Ken Housden, Public Works Director, explained the new water <br /> filtration process and acknowledged staff for their <br /> experimentation and innovations. <br /> ,Com21.1,1nt,411;:gLel questionediwhich amount needed to be <br /> Mr. Cushman explained that another action coming to Council <br /> g:0007g0'enrdd ge Ihen=nt'rngcl:d Which tfle only <br /> atm 10 <br /> $38,695,000. <br /> Councilman Diamond questioned the effect this action would have <br /> on water rates. Ken Housden answered that this is accomodated <br /> in our current rates. <br /> Councilman Pope s,ggested delaying this until next week. <br /> Mr. Cushman assured councilmembers that no action will be taken <br /> without Council's further concurrence and approval of the <br /> notice of sale. <br /> Councilman Anderson claritied that if Council wished they could <br /> stop this next week. Mr.Cushman indicated that was correct. <br /> Mr. Cushman asked councilmembers to call with any questions <br /> regarding this issue and he would answer them at the next <br /> council meeting. <br /> moved by Councilman Overstreet, seconded by Councilman Campbell <br /> that this is declared to be the final reading of <br /> Council gill No. 9209-41 and the City Clerk is directed to call <br /> the roll for the final disposition of the ordinance. <br /> AYES: tnderson,Moser,giamond,Campbell,Pope, <br /> Overstreet <br /> NAYS: None <br /> EXCUSED: Gipson <br /> Ordinance No. 1891-92 <br /> adapted. <br />