Corvallis gazette. [volume] (Corvallis, Benton County, Or.) 1900-1909, 1905-01-06
ANOTHER PROPOSITION MADE.
For Mountain Water for COrVal-
lis New Terms Submitted by
Local Company.

At the city council meeting
last Tuesday evening Mr.. w. B.
Chase, a prominent water works
contractor, OF Portland appeared
in behalf of the Corvallis Water
Co., and presented a new propo-
sition to supply this city with
mountain water piped from Rock
creek near the foot of Mary's
P eak.
1t is Mr.. Chase's intention,
providing their proposition IS ac-
cepted by the city, to reorg anize
the present Corvallis Water Com
pany. and put it upon new basis,
by introducing new capital in the
company, and giving the city the
option of purchase after certain
date. One plan is for the city to
advance the company SIS, 900 for
which the city is to receive for
period of 80 years all water for
fire protection, sewers, public
buildings, street sprinkling, etc;
and should the city decide to buy
the plant after ten years, two
thirds OF this advance payment
would be applied on the purchase
price, or if the plant should be
purchased after 2oyears, then one
third of the SIS, 900 would ap-
ply on the purchase price. An
other option is tor the city to pay
a stated sum each year for the
use of such water, this plan elm
mating the advance payment OF
the SIS, 900.
The plan of the proposed plant
would require the expenditure OF
about $50, 900, and the main pipe
line would be about "a miles in
length, with a reservoir located
on a hill just west of town.
Through inquiry by GAZETTE
reporter, public sentiment seems
to be in favor of allowing the old
company the preference over an
an outside firm, providing O
course they give as good propo.
sitlon as could be secured from
the outside By the old company
recognizing, it would afford ar
opportunity for a safe investmen
by local parties who have money
laying idle, and beside, woule
keep the income at home where
it would go into immediate circu
lation, instead OF being shlppee
away from here, as would be th'
case, it is claimed, should outsid'
capital build The plant
Should the city decide to ad
vance the $25, 900, it would b
necessary to issue bonds for thi
amount, which it is though
would be taken up by local cap
italistS.
The new proposition is now i
the hands of the water commit
of the council, fer consideration
1t is as follows:
To the Hon. Mayor and Commo
Council of the city of Co,
Wallis, Oregon:
1t the City will give US til
contract to supply water for fl
protection, use of buildings an
street sprinkling on certain stree
to be stated. for a period of lhirt
years at the rate OF $14oo a yes
for the first five years, $1,000
year for the next FIVE years, $I6e
year for the next FIVE years, an
$4,000 a year for the remaind'
OF the contract term; or in lie
thereof. furnish us with $25,oe
in consideration for such wat
tor said thirty years.
We will place in the streets
Corvallis, and maintain durir
that time circulating system
main pipes, sufficient to afo
complete fire protection for Il
city during said time.
We will bring stream of W
ter from Rock creek, at or ne
the base of Mary's Peak, to co
meet with such pipe in Corval
for gravity system, such strea
to flow from hand gate in Ro
creek to reservoir of not Il
than one half billion galloi
through durable pipe line +
less than eight inches in diamet,
and said reservoir to be not
exceed three and one-ha1f mi
distant from some point Of S;
distributing pipe system, and