City Council Minutes 1975 07 15 - Laserfiche WebLink

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-2- COAL CREEK REP. cont'd Mr. Wurl stated that the matter should be settled because there has not'been a Coal Creek meeting since April and the cities are becoming uneasy. Mr. Wurl stated that it should be found out for certain if Superior and Erie are going to stay in the project. Councilman DiCarlo stated that a letter should be written to Mr. Madonna stating the acceptance of his verbal resignation as the representative on the Board. Councilman DelPizzo stated that Mr. Madonna should be asked again and if he answers the same then accept his resignation. Councilman DelPizzo felt that there may be a conflict and that Mr. Madonna does not really want to resign, but is having difficulties with serving on the Board. Mr. Wurl stated that Mr. Madonna has put much effort into the project. He also stated that what is needed is that the people work in the area which is best suited for there knowledge and expertise. Mr. Wurl suggested that Mr. Madonna be asked to resign as Coal Creek representative, but asked to continue working on the project under another category. Councilwoman Dhieux moved that Council accept Mr. Madonnas verbal resignation from the Board as a representative of Louisville with the under standing that we agree to have him serve in another capacity as laison between the Board, County and State Legislation. Seconded by Councilman Domenico. Roll call on motion. Domenico yes, Berry yes, Caranci yes, Dhieux yes, DelPizzo no, DiCarlo yes. Motion carried. DUNN KRAHL - BOETTCHER & CO. PROPOSED WATER BONDS $800,000 Mr. Wurl stated that Mr. Krahl was present to present a Water Bond proposal to City Council. Mr. Krahl passed to Council an outline of two different plans. Mr. Krahl explained the pro- grams. Mr. Krahl stated that in plan #1 the life of the program is much shorter therefore the interest rates would be lower. Mr. Krahl said that the proposed plans are based on a projected income of $6.50 per tap as was pre- sented with the last proposal. Mr. Krahl stated that looking at the growth and projected income and speaking with Mr. Wurl, Mr. Krahl felt that it would not be necessary to increase the $4.50 fee up to $6.50. Councilman Berry asked Mr. Wurl if he felt that the City could meet the obligations in the year 1979 and 1980. Mr. Wurl stated that he felt it would not be difficult to meet the obligation because the issue provides money for the City to acquire water in bulk amounts, and not have to string it out over a length of time.