Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1908-01-31
MAYORS ADDRESS
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sible use of them whether they were
used or not. / do not know how much
that use or rent would have been, but
our sister city of Bowling Green pays
$500 per hydrant per year. AT that
rate, the fire protection that we now
have from our 81 hydrants would cost
us $2775 per year. But suppose our
hydrants would have cost us only $50
per year. Then and in that case, the
fire protection that we now have and
have had since the installation of our
plant. from our 81 hydrants, is worth
to the village $3.50 per year; and in
all calculations that amount should
he credited to our plant.
Inasmuch as our plant is now actu-
ally self-supporting, our Board of
Trustees will be enabled to use the
amount to be derived from the two
and one-half mill levy made last year,
in the extension of our system.
In this connection l would recon-
mend that the council this year make
the full levy of five mills, SO that the
system may, as soon as possible, be
extended to the limits contemplated
bonds was had.
would also recommend that the
council purchase 500 feet more of new
fire hose and hose cart that will
safely carry 1000 feet of hose We
have the water. Let us now have
hose enough to carry that water to
the seat of fire.
Another and most important mat
ter to our taxpayers will have to be
met and settled within the official
term of this council.
On the 26th day of June, 1909, the
contract for lighting our streets will
expire, 1t will then be up to the coun-
Gil to enter into new contract for
the lighting of our streets for another
period of years, or what seems to
me to be feasible, proper and judic-
ious course to pursue (the qualified
voters of the village so authorizing)
install a municipal electric lighting
plant.
am not prepared to state just what
the cost of such a plant as would
meet the present and immediate fu-
ture needs of the village, would cost.
But with some facts and some guess
ing, l have fixed the limit at $4,000
Ten or fifteen bonds can be floated
at five per cent. Annual interest on
$4,000 at five per cent is $3.50.
The village is now paying for Al
arc lights at $50 per light per year, or
a total of $32SO. The village also
pays $4S per year for lighting Com
mercial street, or a total of s332S per
year for street lighting. OF the Al
arc lights, five are paid for by the c.,
H. & D. R. R. Co.. or a refund to
the village of s4OO, making the net
cost to the village of S292S per year
| for street lighting.
From the date of the lighting con-
tract down to January l, 1908, the
village has paid $24,S1S.47 OF this
sum the c., H. & D. Ry. Co. has re-
paid or refunded to the village $3100,
making a net cost to the village from
the date of the contract to January /,
| 1908, of S21,71S.47.
From January 1, 1908, to June 26,
| 1909, the village will pay (there being
no change in the number of lights
S4992. OF this sum, $500 will be re-
funded to the village, making a net
cost to the village for the remaining
Is months of the contract $4392.
AT the expiration of the contract
(June 26, 1909 the village will have
paid (there being no change in the
number of lights) the grand total of
29,S10.47. OF this sum the railroad
company will have refunded to the
village the total sum of $1,000, making
the grand total net cost to the vii
lage for the entire term of the lighting
contract of $26,110.47 for-light.
We have been, figuratively speaking,
renting our home. Shall we now own
| it?
The annual outlay of $332S (the
! present annual cost of our street light
ing) would pay the annual interest
of $3.50 on our supposed $15,-
900 lighting plant bonds; would
pay $1,000 per year on the prin-
| cipal of those bonds, and still leave
us $157S per year for the payment
of, or towards the running expenses
of a municipal lighting plant.
| do not know what the present in
come from the commercial lighting of
| this village is, but l have reason to
believe that that income, together
with the $157S above mentioned,
would pay all the operating expenses
of lighting plant. If then, my cal
culations are not seriously at fault,
| our position would be as follows: We
would own our plant; we would have
the same amount of street lighting
| that we now have; we would be able
to pay the annual interest of $3.50;
we would be able to pay the annual
| operating expenses of our plant; and
| lastly, we would be paying for our