HomeMy Public PortalAbout1951.07.03 Council Minutes(Continuation of meeting~ ne_ J~v__,, 2md, 1951.
Oresent - nnherts~ ~st'rong and ~oore. .,~bsent~ ..... ~- ~xcu, sed,~ewbv.. , e~ ~]ew~.· .........
Al. so in attendance at. t~is meeting: John r.,. ~oefman and .qam Barton, =~n~ro.' ~ from
Boise and Fred Fentor of the firm of Childs and Feuton~fisca! ~ents, Boize~Tdaho.
^ discussion was held in connection ~-ith the prorosed ~'ater revenue bonds.in
which Y.r.Fonton informed t'oe Board a~ to the duties of a fiscal aTent on
bond issue,and as to ¥~bat the firm would definate]? do if emp]oTred as fiscal
agents in the proposed !?cCall water revenue
~. Noffman and "~r~ ~ Bartor ~nfo-mr. ad. the Board as to the Er.~inee~._ 'f~tties ema. .
pre~imina~r mzrvey work o~ the proposed water mains. Theyv further f nformed the
~oard ±.~st it ?as ve~r mossib!e to use considerable of ey~sting water main
trenches,but that all extension work ,"ould have to be done in the field and
commence with surveys. Mr. Hoff~n estimated that a ~.i00,0:~.0.00 bond issue
would result in Engineering fees of approximately A5500.OO,and that a ~200,000.00
bond issue would result in Engineerin6 fees of approximately f'7000.O0 and that
an?thing in between would be on a pro-rata basis.
!~. Fen%om stated that the Board could emp].o~r his firm as fiscal a?ents and cai!
an election as soon as nossible. If the election did not car~/, his firmwou!d
omi3 char.~e their actual cash ex~enditures for their se:-~ices and estimated this
to be about $100.00.
r~r. Hoffman suggested that he and Barton come to ~cCall the morning of July 9th
and spend about three days ~th the Water master,Leonard Ackaret and go over the
entire eu~ineerinM factor for the ~roose of making estimate~ as to the cost of
the overall Droject. For this service he uou!d charge f!ES.O0 a day plus his
expenses,and if the ~oard ~ent ahead with tb~ ~ou d election and the election
carried and his firm was emm!oyed as Engineers,then there ~ould be no c~ar~e
for this prelimina~ estimate.
Motion made bM Armstrong, second by ~,~oore that Hoffman and Barton come to ?~cCa!l
the ..... mo~ ce_ Ju!v~ 9th, go over the ~ro~osed. ~ ~roject '~vith ~.~. Ackaret and make
preliminary e,~timates of the over all cost;and also that ~ffr.Fenton prepare and
submit to the Board the memors.nd~m of his fi~s contract as finical a?ents, an~
that the re~ort of Hoffman and B,~rto~ ~n~ t~a memorandu~ co~+,ract of
~ud we~ton be submitted at ,~ ~vecial ~ee+,iu~ ~]~ ~r this purpose.
Attest:
Clerk of the Vil!a~e Posrd