| OCR Text |
Show Sill fenileeiG Milford voters will be asked ask-ed to approve gond.s in the amount of $255,000 in a spt-cial bond election April 29th. The ballot will carry two propositions, one for $195,000 for matching funds for the proposed Milford Industrial In-dustrial Park. Proposal number two is for $60,000. for matching funds for a new well and water storage facilities to complete the water improvement project started several years ago. The industrial park, which has been in the planning stages for a couple of years estimated at $480,000. Both propositions would approve general obligation bonds, with the payment on the industrial in-dustrial park set up for a maximum of 20 years, and the water project payout over 40 years. The city still has $110,-000 $110,-000 in water bonds that were approved by the voters two years ago. Unavailability of federal grants and loans has kept them from being sold so the project could tie finished. The $110,000 car-rys car-rys a limit on interest that can be paid at nine percent. Neither of the propositions before the voters on April 29, will limit the amount of interest the bonds can carry. Polling place for the bond election will be the Milford Methodist Church from 7:00 a.m. to 8:00 p.m. i is estimated to cost $783,-000. $783,-000. with the other funds expected to come from grants from the Economic Development Administration and the Four Corners Regional Re-gional Commission. Plans for the industrial park are still flexible so that it can be developed either eith-er for a single industry or several diversified industries. indus-tries. Twenty nine units are planned, with industry able to take as many units as needed. Several units will have direct access to rail transportation, with their own loading dock. All units will have access to a public railroad loading dock. The industrial park Is planned for city property, east of the Union Pacific railroad tracks,' north and south of the U.P. Y spur. The general obligation bonds, combined with grants from EDA and FCRC will be used for construction and installation of street lighting, light-ing, storm drainage, curb and gutter, asphalt paving, water and sewer lines, and other related improvements and additions. Proposition number two, if approved would complete the water project that has been in the works for several sever-al years. Plans Include drilling dril-ling one well and building a 1.9 million gallon storage tank on Baldy Hill. With the exception of MainStreet, most mains and laterals have been upgraded and dead end lines eliminated In previous phases of the project. The system also includes 1300 feet of trunk lines. The sewer system has also been upgraded and the sewage lagoons la-goons built in previous work. Total cost of this phase is |
