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. • <br /> MEMO Page -3- <br /> Harper Lake area to enlarge our water *torn* facilities. <br /> We have worked out that arrangement. The State has agreed <br /> to fund part of the project, which would have to be repaid <br /> if the project is built We are now ready to proceed and <br /> once again we need Council's authorization for the Mayor <br /> and City Clerk to sign the contracts. <br /> D. Wastewater Treatment Plant - Authorize City's Participation <br /> I mentioned to the Council sometime ago that there were <br /> several items that we needed to address in conjunction <br /> with Romart/Kahan's expansion of the wastewater treat- <br /> ment plant for the Mall. That has come down to a total <br /> cost of $1,411,600.00 estimated cost - of that the Mall's <br /> participation would be $897,100.00, City's participation <br /> would be $514,500.00. Enclosed is an outline that tells <br /> you what those actual differences are; what segment of the <br /> plant is proposed for improvement and how that relates to <br /> the City. Our proposal here would be to provide funds <br /> from a Revenue Bond Issue on future sewer revenues to <br /> be paid for by taps, but would have to by necessity be <br /> backed up by other sewer revenues in the event the tap <br /> fees didn't come through. I hope to have a rough break- <br /> down from Boettcher and Co. on what the bond costs would <br /> be and how that would be programmed into our existing <br /> bonded indebtedness as relates to wastewater. <br /> Item 9. Council Comments and Committee Reports <br /> Item 10. Approval of the Bills <br /> Item 11. Adjournment. <br />