Corvallis gazette. [volume] (Corvallis, Benton County, Or.) 1900-1909, 1905-07-04
URGES WATER MEASURE.
Mayor johnson Estimates the
Proposition.

To the Voters of the City OF
Corvallis:
AS we approach the date set
for US to vote upon the question
OF whether or not authority shall
be given our Water Committee
to proceed with the issue of bonds
and the contracting for and build
ing of mountain water system,
provided always, that they shall
find when finally approaching
such contracts and sale OF said
bonds, that said water system
can be put in within the limit as
provided in the bill, and of such
material as they may find after
careful investigation can be re-
lied upon to serve without decay
or breakage for sufficient num-
Der OF years to justify the ex-
penditure; I become more and
more convinced of the fact that
many of our citizens have not
yet fully satisfied themselves as
to the thorough practicability of
this mountain water system on
basis of cost approximating $751;
900.
It is to such as these, men,
who are actuated wholly by what
they think will prove for the best
interests of our city and who are
from the very nature of the i'm
provement in favor OF it, if it can
be shown to be not too great a
burden, or what is better still
absolutely no burden upon our
taxpayers; that l wish to briefly
address myself with the accom-
panying statement of facts.
First permit me to say that l
have gone to the trouble to cover
the entire city in company with
another and carefully count every
residence, hence the estimates
here given I am sure can, be re-
lied upon as fairly conservative.
Also l may say that on account
of having figured for some three
months on this matter, which
finally led myself and associates
to submit an offer to install such
a plant under private ownership,
l think may perhaps claim al
least an equal right to submit
. estimates along these lines anc
expect that they may be relied
upon. as some others who have
done so and who make it appear
that this plant cannot be made
self sustaining, but here nigh
. call attention to the fact tina
they say also that they are il
: favor Of a mountain water system
under municipal ownership, bu
that they want to wait and ge
started right, etc. Now permi
me to ask it this appeals to ou a
an honest argument? for mos
surely change in the makeup
, of the Committee or Commission
and change to al elective rathe
(. than perpetuating Committee
, ETC., is not going to material
effect its being self-sustaining O
O otherwise. Still we all favo
this change and this is now prac
tica1ly eliminated from the dis
cussions.
:. Liabilities to be provided for: Annual
Interest the Bonded Debt, (say
}. $4,000. at S percent. $780,
Salary Superintendent, Office rent
Oi and incdentals. ............. 1,4oo.
Sinking Fund, after S years and up
IS to 20 years on basis of per
cent, to retire 10000 of the
Bonds 20 years from date. I,soo
Sinking Fund, for betterments to
G plant and requirements. ooo.t
\. Total outlay per annum for the
hrSt 20 years. $7,I4o.
Again, amount to be provided for Annual
Interest on the Bonded Debt, (say
:. $4,000 at pereent $2,25o'
Salary Superintendent Office rent
= and incidentals ............ 14oo,
Sinking Fund, after 20 years and
up TO 40 years same basis
. above, to retire balance of
i'd Bond issue ($45,ooo.). - 1860
Sinking fund, for betterments and
l, repacements ................. 6oo
Total outlay. per annura, for the
second 20 years ..... S., ,6Io.
;, Against which I think we may safely figure t
sc following monthly income:
Water rates for $50 residences at
SI.oo per month (average) $3.50
Water rates for $50 residences at
SI.5o per month leverage. 225
W ater rates for 100 barns at 37%
cents Der month (averaoel