| Show Park City's Future May Depend I Upon Water Waler Sewer Bond Vote The City Council has called a abond abond and bond nd elec election lon Tuesday April A 20 at which two propositions will be offered to voters One One has to do with the City's jesua Issuance ce of of General 1 Obligation n Water and Sewer Bonds and the other with O of at Water and S Sewer Revenue Rev Rev- Bonds The bond money would be used to Improve extend and modernize modernize nize the water and sewerage systems systems which h have for tor so BO long been the object of criticism toy Iby the State D Department par ment of Health and others MITI 1 Levy According Acc ding to the project en en- I and the City's t ri i- i consultants a mill levy am amii ii t. t uh ing fug of ot approximately 82 cents per month average would pay pay the he Gen General ral Obligation In a thirty years Payment of of the Revenue Revenue obligation gation gatlon would require an av average ge fee of per month iP per per per- user The latter figure should ln be creased creased by about 40 per cent to build a bond sinking g fund which would be Ibe preserved fc for r payment of the longer bonds blonds ahead of their normal maturity and to assure tho the City a fair competitive rate of Interest on the Revenue Bonds These figures are lire all 1111 inclusive They provide for the cost of water wa wa WB water ter cost of pipe to conduct it to the City In a sanitary way the cost of materials and construction construction t tion of an adequate sewer treat ment plant costs oets ot of maintenance and operation df of the system principal prin cipal- cipal and Interest on the bonds and the sinking fund City's City Growth Growt The figures are are based on connections which th the engineers t expect when the new new facilities become operable They do not take into consideration any gr growth Park City is in a position tow to to- I grow not Just as a winter ski spot but as a tourist at atthe attraction the year year round r und As this thIa growth becomes a 0 reality both the mill mUl levy and the use fees m mentioned would decrease on average bases average base because of Increased population and higher property values nJ I |
