HomeMy Public PortalAbout1921_12_13At a Fegular Meeting-. of t•re Mayor and. Common Courcil held in the Council
P 7,eeabttrfr Va.,ur Dec 13,1921.
ChHmbcrs in t>!c town o
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Present—"on Cha, n.Jarr.ey,14ryor,
John T.Bourii;aa:-�,i?ecorder,an:i
C4.B.Bradlrielu,
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•� �.Caviness
L. T. Fry
W.tj.Saffer
H.C.T.Ewing
M.E.Ball,Councilmen.
jibe reading of tte tainutes oP t''e i:�5 : :neetin �iepel se i
v, it 1-'.
Q J On ,7.otion made and seconded it was ordered that "r-W-C.11al1,Pttorn
a`� y "or t.re Tuwn,be instructed to aope,.r before the Court 1n the matter of,
recession of taXes,and to take such necessary measure as will sufficient
ly protect the interest oY the town.
The bill of Mr.Turley "or completion of sewer on Cornwall street for
N 1 X132.50 utas presented and referred to the Cuuuaittet on saki street with
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inGtructionG to ;ual:e settleI.,ent.
�j dill of Belmont Trac Rock Co.for 8109.70 v,as presented and ordered paid.
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It v:as moved,seconded and urdtrred that Mr, E.L.Mc9arland be directed
TO stoure license taps for a"tomobiles etc.
Messrs Erring e.nd Caviness were appointed a Committee to take up the
matter pertaining to a sewer for the Bale." Library.
zF
"Ir. W-C-Wbitmore ore;iented his report in writing as to the cost of
pu>aping water,together with suggestions as to a new schedule for cost or
water,whirh report and sc?_edute,on motion,were arlopted,tle said sched12
0 to take effect Dec 1,1921. (The ,ai(i re.00rt is hereto nexched as a )Pert
of these minutes.).
The Finance Committee Was directed to confer with the Banks in
3 reference to the natter of tl e t
r,, reee„ion.
There being no further business,on motior.,the Council adjourned.
Recorder. / L'
C- May.
CbRntbers
�I
Leesburg, Virginia,
December 6th, 1921.
Hon. Mayor & Town Council of Leesburg, Va.
At the instance of the ':later committee of your Council I
have
for your consideration the following rer>ort on the ToQin rater
'+orks and finances connected therewith. Y
Water 1'+orks and Plant installed in. 1906, or 15 years ago,
a�ith
an estimated useful life of 30 years will be unfit for efficient
service fifteen years hence, or in 1936.
The above Plant was financed with an issue of 43011000,00, 4 1/
20 Yr. Bonds which same mature in 5 yrs., or in 1926.
OPERATING EXPENSES.
a_ 1/2i interest on yp30,000. bonds..................w1350.00
Depreciation or sinking fund 2'x.:............0..... 600.00
(from Auditor's a/e)............
Operating expenses 2600.00
Labor 2/3 Pumpman's Salary %< X0900.................. 600.00
Total Annual Operating Expenses.............150.00
T5
Income from water service (1920-1921)........ _ .... 3500.00
Deficit................................ ;1650.00
RATES RECOMMENDED.
(To return an annual income of 485150. orjp430. per month)
Bases rate for service, ............0.......76� per month.
For Bath 1ioom add to bases V " if
" Hose cocks " tt tl „
Water service to stable for stock
watering purpose only, 20� n n
"Dater service to stable with hose cook ....
940�i
Apartments each family occupancy over one..75
Meters maintained on large consumers such as banks, garages,
hotels, restaurants, drug stores, ice plant, electric plant,`
planing mill and other places as may be designated from time to
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time by the water Oommittee.
Rate on meter service to be .75V per mo. with a rate of .35�
p�,Y
Per 1000 gals, on all water used over and above 2000 gals* per
mo,
Liscard for the present all residence meters.
The financial condition of water works at present.
430,000, Bonds maturing in 1926 with practically nothing in
- jf
sinking fund.
HAY RE0O1'2,MNLED
,
f�Y
FOR THIS DEPLETED CONDITION.
Increase tax rate or set aside from taxes 41000. per
This together with 4600. ;
per annum from water rents depoeited
nr: tow.
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in a sinking fund at 4% compound interest will in 1926 amount to
�M672,00, On maturity of present bonds in 1926, redeem 48000.00
and refund 422#000000 with 10 Yr. 6% water bonds.
1926 to 1936 deposit the y010000 from taxes and X600, from water
rents annually at 5%.
The sinking fund will then in 1936 amount to $21,207,00
? Leaving a deficit of........,.,.�,,,� „ 793 00
f 422, 00,00
Which will by estimate be made up by the increased number of
consumers during the next 15 years,
The above calculations are based on a daily average con-
sumption of 501000 gals.
Respectfully submitted,
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