OCR Text |
Show Water development bonds approved by city Out of seven bids on one million dollars of general revenue bonds for Cedar City, the city's financial consultants, con-sultants, Burrows and Smith of Salt Lake City, were the apparent low bidders with a 5,89402 percent interest rate. The bonds will fund the first stage of Cedar City's plans for water development. Voters last August approved one million dollars in water bonds and $2.2 million in general revenue bonds. Firms from Seattle, Denver, New York City and throughout the West submitted bids on the bonds. The difference in the interest rates between bet-ween low and high bids was .39 percent. per-cent. Net interest costs for the drilling of two wells in the valley, the building of pump stations for the wells and purchasing some land for another pump station. Bonds will also fund exploratory drilling of a proposed site of Cedar Canyon, cover expenses for approximately 9400 feet of water lines and be used to build a $1.5 million water storage tank. After the bonding hearing, Dr. Blair Maxfield, Southern Utah State College geologist, reported to the council on a regional ground map of the Navajo sandstone which he and SUSC professor Dr. Richard Kennedy had prepared for the Federal 208 water quality study. Maxfield suggested a possible water drilling site in Cedar Canyon which according to his maps is "locked in" by faults and would be a new water source for Cedar City which does not seem to recharge any other wells in the valley. He said that the well would probably have to be drilled to 1500 feet to avoid mineral containments from higher strata levels. He suggested an exploratory well to confirm the water's quality and quantity. Councilman Gordon Slack said, "Anytime you're ready to go, I am." The possibility of three wells along the fault was discussed which could result in a 50 percent increase in Cedar City's water supply. Plans were made to talk with the state engineer to gain approval for drilling the exploratory well. i |