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Show SALE OF $40,000 IN BONDS ASSURES EARLY START ON WATER SYSTEM Ordinance Approving Sale Of Bonds Approved By Council; Water Problem Near Solution ROOSEVELT'S turbulent culinary cul-inary water problem appeared to be nearing a final solution,-Wednesday with the releasing by the City Council of a resolution and an ordinance deeming it "exped- ient and advisable" to issue and sell water bonds in the amount of $40,000. Action of the Council, Coun-cil, which approved the bond sale on May 20, had its basis in the special bond election of June 28, 1946, wherein the city's qualified electors affirmed the issuance of a total of $100,000 worth of bonds for the development develop-ment of a new water system. At the time the bond election was held, the current thought was to abandon the present system, sys-tem, and spend $100,000 on the acquisition and development of a new water source. But subsequent subse-quent tests at the artesian parks which now furnish Roosevelt with its culinary water, showed that an adequate water supply was obtainable there and could be put into the city mains by pumping. According to the terms of the May ordinance, 40 bonds in $1000 denominations will be sold to Lauren W. Gibbs, Salt Lake ' City bond broker. They will bear an interest rate of 2 per cent per annum, and are scheduled to be paid out by May 1, 1970. Re-payment of both the interest inter-est and the principal by the City of Roosevelt will be met through the levying of a special annual property tax, sufficient to meet the contracted yearly payment of $800. The first such tax will be levied in 1947 in order to meet the first payment on May 1, 1948. All funds derived from the" special tax will be used to liquidate the incurred obligation. THE ordinance becomes operative oper-ative immediately, and since the City Council has declared that an emergency exists with respect to Roosevelt's culinary water supply, an early revamping and extension of the present system to the tune of $40,000 is expected. ex-pected. Contemplated work on the water system will include the replacement of worn sections of the present mains, and the extension ex-tension of the system to accomodate accomo-date a possible 100 more users. Approximately 400 users are now drawing water from the Roosevelt system. One pump has been in operation oper-ation at the artesian park for three weeks and is producing between 300 and 250 gallons of water a minute. However, it was pointed out that this rate of production pro-duction will not continue throughout the summer season. Nevertheless, it was further reported, re-ported, sufficient water is being pumped from the new well to insure the city adequate water without metering the city. But meters will be installed. Four hundred and fifty are on order now and will be put to use in the fall. The installation of meters, according to council -members, will serve the dual purpose of equalizing water distribution, dis-tribution, and as a conservation measure. Under normal conditions condi-tions it is estimated that the new well through pumping and by the installation of meters, could supply a town of 3700 people with culinary water. While presenting an optimistic optimis-tic picture of what might be expected ex-pected in the future, Roosevelt's City Council stressed the importance im-portance of water conservation measures. They emphasized the necessity of care in water use during the time the city system is being re-vamped. |