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Show ? pleggaiiGrove--Lindon To Vote On DeerCreek Voting Places Named and Need For Project Outlined Pleasant Grove and Llndon taxpayers tax-payers will go to the polls next Friday, December 17th to vote on the question of whether or not these oemmunities will participate in the Deer Creek project. The election machinery for next Friday's voting has been put in' order or-der and everything is now in readiness readi-ness to record the will of the taxpayers. tax-payers. I As explained elsewhere in this I Issue all qualified voters of the two ! towns who have paid a property tax either real or personal within the twelve months period immediately preceding the day of the election are entitled to vote. County Clerk C. A. Grant has furnished a list of voters who have qualified by paying a property tax, and this list will be in the hands of the election judges. The list will be brought up to five o'clock of the evening before the day of election. Voting- Places The old City Hall in Pleasant Grove will be the voting place of the taxpayers of that city and the Lindon Amusement Hall will be the voting place for Lindon taxpayers. The polls will open at 7 a. m. and close at 7 p. m. The specific question to be voted upon is as follows: "Shall the Met- ( ropolitan Water District of Pleasant Pleas-ant Grove-Lindon enter into a contract con-tract with the ' Provo River Water Users' Association for the purchase of 500 shares of stock in said Association Asso-ciation and incur a principal indebtedness in-debtedness therefor in the sum of $38,000.00 and a contingent liability of $13,300?" As has been explained many times, the subscribers for water in the Deer Creek project do not buy the water directly from the government. They subscribe 5or stock, in the Water Users' Association which the United States has required the water users "to organize for the purpose of purchasing the project and then distributing dis-tributing the water to its stockholders stock-holders : Meaning of Figures The price of $38,000 is arrived at by figuring the water at $76.00 per acre foot. That is the outside estimate esti-mate under the subscription contract. con-tract. The subscriber only pays, however, what the actual cost is no matter how much less, the cost not to exceed $76.00 per acre foot. The estimates actually are around $70.00 an acre foot. The additional lea-way was placed in the contract to take care of money which had already been allotted to the project proj-ect and which the officials desired to hold for the benefit of the Utah project. Otherwise the main contract con-tract would have read $7,000,000.00 instead of $7,600,000.00 The contingent liability of $13,-300 $13,-300 is' thirty-five per cent of the principal liability. It can only go into effect if and when some other subscriber should fail to pay for his water stock. In the event someone defaults, the Metropolitan Water District of Pleasant Grove-Lindon along with other subscribers could only be required to go as high as thirty-five per cent of its principal obligation in paying for the default of such other stockholder. In return re-turn for this it would receive its pro rata share of the water rights of the defaulting subscriber, so in the end it would be paying only for actual water rights received. However, How-ever, the subscribers in the project are all considered good risks by the United States. It will not take any-other any-other kind. , o ! |