HomeMy Public PortalAbout19320801SCMeeting39
Recorder during his absence - the Town Attorney said that it
would be necessary for the Mayor to do so.
Dr. Righton informed Council that he sa small boys playing slot,'So
y=,
machines in some of the business places on the island and he ® °
asked what could be doneabout it, he said that he objected to it.
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There being no further business Council adjourned subject to the - \ „�
call of the Mayor.
Clerk of Council.
Mayor.
Savannah Beach, Tybee Island, Ga.
Augur '1,1932.
A special meeting of txxs uacxich mm-ti was held to -day
at 4:00 p.m. and was attended by Mayor Gamble, who presided,
and Councilmen_ Sharpley,Logan, Blumenthal and Cann, .also the
citizens committee consisting of Messrs. J.G.Butler, G.A.
Gordon,S1O.Harris, .J.Haar, Frei ;vessels and Yr. J.B.Loving
of the J.B.Mcera rey Co.
The Mayor said that Mr. Loving had just returned from a trip 'Ro
to Washington,D.C. and he asked him what he had learned rel-
ative to the plans of the R.F. - Mr. Loving said that while 4-6 "ti1e...
he was in Wau shington he had discussed with a Mr. Moulton and p j ,n.5 0{`
'`r. J.L.Harringtor_ the plans of the R.F.C. to ascertain just
what was wanted to negotiate for loans from the x.2.0. - he
said that the act authorizing the creation of the x..0 has two as 1ealk
parts one of which was doubtful if municipality could borrow tcc���
money to build waterworks system - at the present time the
E.B.C. is not so well organized - he wa asked how the appli -s° �"`� ° �•,`
cationsfora loan shoe.1_1 be made and he said that it was.
practicully the same as negotiating a loan from a bank - no
definite form has been announced as. yet by the 11.17.0.- what
will be necessary though is that sufficient information be
given with reference o the project for which the money is
to be borrowed - he felt that favorable consideration would
be given to the waterworks system it _: uld be a good idea
to get an expression from the property owners as to who
would take water from the new plant, this Mould make a favor-
able showing - -th: R.7.0 would regai se evid_nce in concrete
form, they want all the facts - Colonel Gordon as ked if the
^ovenors approval was necessary - Mr Loving said not if the
projects was self liquidating - Col. gordon asked waht the
rate of interest would be - Mr. Loving said that that had
not been determined as yet nor has the kind of security
required, he said that it would :robably be a mortgage on
the plant - C 1 Butler asked if it was pact of the unemployment
scheme Mr. Loving said yes and that no convict labor Would
permitted - Col. Butler asked if the amount necessary to pur-
chase the T.W.W. could be included in the estimate of the
cost Bf the new plant - Yr. Loving said that he could not
answer that that a ruling would have to be made on that pointlk
Col.Gordon said that he had spoken to the Govenorabout his
approval for relief and that he said that he not going to
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bond the stake - is going to pro -rate 45,000,000.00 to
portions of state as need it - Mr. -Loving said that if the
Town had gone<the limit in its issuance of bonds that this
would not mitigate against borrowing from the R.Q.C. -
Mr. Harris said that somebody would have to pay the money
back - Yr Cann said that this would be a self- liquiddating
project - The Mayor said that loanswould be made to states,
and municipalities, the act defines self liquidating projects,
taxpayer does net assume any r - Col. Gordon asked if it
would be possible to get estima e of revenues needed to figure
out what consumers would be charged - the Mayor said that it
would be necessary to have engineer suaervision - Mr. Loving
said that he would submit plans,ect he suggested that the
proposal should be gotten up in concrete form as to costs,
specificatians,ect., estimated revenues and any other in-
formation that would be of behefit - that his company would
get up an engineer report as to costs,ect., would make a
complete map of 'Td101 showing all buildings,pipe lines,fire
plugs, valves and p an of the Towns needs, would submit
to the two boards that require it (1) the Ga, State Board
of Health (2) the S.L.Fire Underwriters Assn., so as to get
maximum value of fire protection,- would get up maps,plans,
specificatio.ns,ect., would assist the Town in approaching the
R.F.C. for the loan,would assist in reaching final consideration
when funds are secured, will furnish resident engineer,when
installation is complete will turn over to Town complete record
map-showing locations of all lines, will handle from prelim-
inary to completion of system for a fee of 5% of total cost of
systemd -Vhe Mayor suugested that supppse that the Town were
turned By The R.F.C. would the Town have to pay the 5% - Mr.
Loving said "no" if project did not go through there would be
no charge -.Col. Gordon said that he understood that some
borrowers from the R.F.0 had gotten only 2/3 of what they had
asked. for - at this point the Mayor had to leave and turned
the chaar over to Mr. Cann - Col Gordon asked what interest
would have to be paid - Mr. Loving that had hot been decided
but it woulf probably be about 0 - Mr. Harris saidnthat the
property owners hould be taken into our confidence and the
matter of the new system explained to them so that their consent
can be gotten Mr Cann - Mr Loving said that the R.F.C.does
not want projects submitted in abstract form we should go there
with the whole proposition worked out - Col. Gordon suggebted
that 2 or 3 persons should handle the matter insteae$of having
so many meetings - Mr Cann said that we should have a meeting
of the property owners to see if they want it or get information
and submit it to them - Col. Butler asked what the legal statue
of the T.W.W. was - Mr Cann said that he did not know - Mr. Lov-
ing said that because they are doing business their hodings
have a value - Col. Butler wanted to know if the amount necessary
to buy the T.W.W. could be included in the plan submitted to the
R.F.C. - Mr. Loving said that that would have to be ascertained
from the R.F.C. - Col.Gordon said that the good -will of the
T.W.W. should be purchased Mr. Harris said that the T.W.W. i II
stoekholderb claimed that they never collected a dividend -
Mr. Harris said that he would like offer a motion that a com-
mittee of four be appointed consistigtg of two citizens and two
members of Council to get all details concerning loan,ect and
report back to this committee as promptly as; possible - Mr.
Wessels seconded this and the motion passed.
With this the meeting adjourned.