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Show Gas System Offered For Snle to City :-:,.,b Mayer U'inford r.i:.ce i.n no a need tins week vii.it an offer had been "i.i-ie to Mo. ,1) City to purchase pur-chase the I'tah Gas Service Ser-vice Company's Moab Office. Of-fice. Loren I-iiiirhlin. president pre-sident of the company, made the offer which could prve to be a very pia. fit.ibie one for th.e city. Preliminary ficrures :r th.e transaction indicate that the purchase would to for about SI. 3 milii.-n in revenue lends payable ilariiii: the next lit) years. F.ach year. money from th.e bonds could be used to pay iff the initial purchase purch-ase and in addition, according ac-cording to I.aiiiihlin. a sizeable size-able profit could be made from the sales of jras. Vernal City has already entered into such a sais agreement with I'tah Gas Service with a purchase figure fi-gure of about 1. -100. GOD. They expect in addition lo payinvr for their own investment, in-vestment, to clear from $3.1 to S -'") thousand per year. It is to be expected, stated sta-ted th.e Mayer, that a similar si-milar amount could be expected ex-pected from operations here in Moab. "Although Moab does not have as many connections as there are in Vernal, we do use more pas with both Texas Gulf Sulphur and Atlas Minerals on the lines," he said. The sale price locally local-ly would be more than that in Vernal, however, a correspondingly cor-respondingly - higher in come could be expected. said the Mayor. Mr. Laughlin will be presenting a preliminary request to the City Council Coun-cil at tiieir next meeting which will be October 0. If the City dons decide to sign this request which stated that they are interested inter-ested in hearing more abcut the proposal. Laughlin Laugh-lin will then proceed with a feasibility study to be conducted by a Denver firm. If the results of the feasibility study are favorable, fav-orable, the City will then consider the purchase of the facility. |