HomeMy WebLinkAbout01/06/1962Mr. D. F. Romero, City Engineer, stated he was ready to report at
this time and would recommend that the signs be removed.
Graves
Upon question by Councilman /Slri}sse, Mr. Houser stated that the City
could be liable for any accident that might occur at this dip, which
could be proved as known as a hazard by the City Council.
Motion by Mayor Davidson, seconded by Councilman Miller, that the
DIP signs be removed and the word dip be painted on the street
approaching the dip. Motion carried.
1 On motion of Councilman Miller, seconded by Councilman Shipsey, the meeting
adjourned at 10:35 to 9:00 A. M., Saturday, January 6, 1962.
Approved this 15th day of January, 1962
w �
ADJOURNED MEETING OF THE CITY COUNCIL
Saturday, January 6, 1962 - 9:00 A.M.
COUNCIL CHAMBERS - CITY HALL
In-:or..a *_ion was given by Mayor Clay P. Davidson
-.toll Eall Present: Miss Mar-aret M. McNeil, R. L. Graves, Jr., Donald Q.
Miller, Gerald 1.1. Shipsey, Clay P. Davidson
Absent: None
City Staff Present: R. D. Miller, Administrative Officer, 14. M. Houser,
City Attorney, D. F. Romero, City Engineer, E. P.
Thompson, Water Superintendent,.J. H. Fitzpatrick,
City Clerk
Also Present: John Jenks, Consulting Engineer and James Saffron, repre-
senting Stone & Youngberg, Financial Consultants
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1. The City Council discussed the communication from Paul L. Adamson, Consult-
ing Engineer submitting estimated cost of the proposed water treat -inert plant
and water transmission lines from the plant to the City's distribution
system. Mr. Adamson estimates that the plant will cost $1,474,000.00
R. D. Miller, Administrative Officer, presented fcr the Council's consider -
nti6n :,. various alternatives regarding the use of G_1 Poly's contribution
to the water plant construction, as Cal Poly's contribution will not be
forthcoming until the 1963 -64 fiscal }rear.
Mr. E. F. Thompson, Water Superintendent, explained to the City Council
the various considerations involved in the Final location of the water
filtration plant.
The City Council discussed the proposed construction of the water filtra-
tion plant and the cost estimate of Mr. Paul Adamson.
2. Mr. James Saffron of Stone &Youngberg, Financial Consultants, presented for
the Council's information his analysis of the financial feasibility of the
sewer and water plant expansion ar_d the various ways that these improvements
can be financed. He also presented a preliminary report.on proposed revenue
figures for both improvements. Mr. Saffron proceeded to explain the revenues
and expenditures of the present water system, including the debt service for
the Whale Rock Project. He *_hen presented various revenue forecasts that
would be required to pay for the operation of the water system plus the new
water treatment plant. He also submitted for the Council's information
1/2/62 — pg. 12
possible methods for adjusting the present water rate structure to
inc_rQase the revenue to pay for the additional plant. Mr. Saffron then
presented for the Council his analysis of the financing required for
constuuction of the enlargement to the sewer plant. !,r. Saffron
explained to the City Council. the conditions of financing available for
for the construction with either general obligation bonds or revenue
bonds. He. also suggested that the Council consider whether, at this
time, it wished to protect their bonded indebtedness capacity for future
projects that could only be financed by GO Bonds, and not revenue
proceedings, as he was sire that the sewer plant could he financed by
revenue bonds. He then presented figures showing the required bond
authorization, the annual deb*_ service and the required level of revenue
for both the GO and revenue bonds. He also presented tables of possible
serer service charges for both the GO or revenue bond procedures.
He urged that if the Council adopted
then the plant should be operated as
all sewer operations should be paid
any Rinds from the general tax base.
Mr. Saffron urged that the
consideration, before coming
phases of the program can b
for approval. He stated th
by Stone & Youngberg, after
decisions as to the size of
line program and the method
• program of sewer services charges,
• utility from these charges, and
for by these service charges without
ity Council take this report under serious
up with their final decision so that all
considered before going to the electors
final financial report would be prepared
the City Council had made all the basic
the sewer project, the size of the trunk
of financing they wished to follow.
The Citv Council discussed various alternatives regarding GO bonds and
revenue bonds, and the types of charges required to place the water and
sewer- project on a self - sustaining basis.
Mayor Clay P. Davidson stated he was prepared at this time to make a
decision on the trunk facilities to serve the industrial area, and asked
the Council if they wished to make a decision at this time.
Councilman Shipsev stated that he was not prepared at this time to make
a decision.regarding the trunkline facilities as he.wished to study both
the Adamson Report on trunklines in relationship to the financial estimates
provided at this.time.
It was the common consent of the Council that a final decision be held
off until each Councilman had made additional studies of the material
available.
3. Mr. John Jenks, Consulting Engineer, presented for the City Council's
information the plans and specifications for the sewer plant enlargement
and explained the proposed installations for the new plant.
Mr. Jenks also presented the current cost estimate for sewer plant enlarge-
ment construction which totaled $1,056,900.00, but he recommended.that the
City in their financial studies add 10; for contract contingencies as
this figure was reduced by the engineers in order to stay within the
original cost estimate.
Mr. Jenks and Mr. Romero, City Engineer, showed the City Council, oa the
plans, some of the major modifications being made to this plant, which when
built will be one of the leading plants of this type in the nation.
Mr. Romero, Citv Engineer, recommended to the City Council that the plans
and specifications be adopted. .
On motion of Councilman Shipsey, seconded by Councilman Graves, the follow-
ing resolution was introduced:
RESOLUTION NO. 883 (1962 Series) "A resolution approving the completed
planning documents prepared with an.advance from the United States of
America under the terms of public_ law 560, 83rd Congress of the United
States, as amended."
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