OCR Text |
Show METHOD RAISING MONEY FOR CIVIC CENTERSTUDIED Remodeling of the Civic Center Cen-ter was subject of discussion of Bingham Lions at their regular club meeting held in Bingham cafe Tuesday evening. Chris T. Praggastis and C. A. Morley, city councilman, reported that the project had been studied seriously ser-iously by the city council. There are two methods which the city can employ to raise funds for putting the Civic Center Cen-ter In a usable condition: (1) By a bond issue, which would result re-sult in incidental expense and would entail considerable interest inter-est payments; (2) by adding one mill to the present tax levy. This latter method would result re-sult in an added $2000 per year revenue and would eliminate interest in-terest payments and incidental costs of floating a bond issue. To hurry work on the Civic Center, Mr. Morley stated that it is legally possible to use funds that were unappropriated this year and repay this fund next year after taxes from the proposed propos-ed one-mill levy increase has been received. The city council is reported to be of the opinion that in order to make a satisfactory community gathering place from the Civic Center; $10,000 will be required to purchase materials. This a-mount a-mount could be obtained over a period of five years. Lions club members signified they favored levy of an extra mill tax rather than preparation of a bond issue. It will be necessary for Civic clubs to donate labor for the building. The $10,000 which is required re-quired will be for materials a-lone. a-lone. The Rev. Daniel E. Leahy gave a short history of St. Patrick. Next Lions club meeting will be at Cyprus hall Tuesday, April 7. All members present at Tuesday's meeting pledged to bring a member to the next meeting. |