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Show County Authorizes Cottonwood Dond Issue Bids The Salt Lake County Commission Commis-sion has helped clear the way for the Salt Lake County Cottonwood Sanitary District to finance its operation. The commission this week authorized au-thorized the district to call for bids on a $600,000 bond issue on May 15. Under county stipulation, the bonds are to mature in 40 years and interest is not to exceed ex-ceed 6 per cent. This will be only a part of total financial program of the sanitary district.' Last August 29, residents of the area approved $1,600,000 worth of bonds in an election. The $600,000 general obligation bonds would be paid for in property prop-erty taxes. To finance the remainder re-mainder of the program, the district dis-trict has asked for loans from the Housing and Home Finance Agency and the Utah Water Pollution Pol-lution Board. These loans would be repaid by the programmed $150 connection fee and $3 per month service charges. According to plans, the connection connec-tion fee will be collected in advance ad-vance with a June 15 deadline. The $3 monthly charge 'will be made following the connection. Fees must be paid at the Tracy-. Collins Trust Co., Holladay Branch, 4689 Holladay Blvd. |