Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1920-09-14
new INDUSTRY
GIVEN INDUCEMENT
COUNCIL APPROVES LET
TER ON CITY FINANCES
READ BY MAYOR

A new industry will soon locate in
WauSau as result of a resolution
adopted by the common council at its
meeting last Thursday evening when
meeting Thursday evening authorizing g
the mayor and city clerk to enter in
to an agreement with the concern.
The Balanced Valve Motor company,
which has been located in Milwaukee,
will remove its plant to this city.
Letter From Concern
1--WE will locate our business of
manufacturing and selling Balanced
Valve Motors and parts in the city of
Wausau on the following conditions"
reads part of letter submitted to the
council. First, that the Balanced
Valve Motor company be allowed the
use of building and premises describ
ed as Tract l for the purpose of can
Quoting its business thereon, upon the
condition that if on January 1, 1924,
the annual payroll of said company
shall amount to $4,000, then and in
the event the city of Wausau shall eX-
ecute and deliver to said company a
warranty deed to said tract without
cost to said company. That If on jan
uary 1, 1925, the annual payroll of
said company shall amount to $55,0Q0
then the city of Wausau shall execute
and deliver to said company a war
ranty deed to Tract without cost to
said company. In the event of the an
nual payroll of the active employees
of said company not reaching the
above named amounts, the above
agreements are to be null and void !;
excepting that the said company shall
have the right to purchase Tracts l
and for the sum of $500 and also
to purchase Tract 3 at a price not to
exceed $1,000 per acre on or before
Jan. 1, 1924" The building and prem
ises mentioned are located north of
West street and south of the North
western railway tract. TIE city has
agreed also to construct a sidetrack.
in reserve for the concern is located
just out of the city limits.
Mayor Flatter's letter stated that il
would be impossible in the next tax
budget, for the year 1921, to raise the
amount necessary to run the city, and
that, therefore, orders had been issued
to the heads of the various depart
ments to confine their activities to
necessary repair work with the eXcep.
tion of contracts that are already en-.
tered into. The mayor called atten.
ton to the fact that in 1920 at the
start there was a deficit of $43,61816
The aggregate expenditures by July
1st exceeded appropriations by over
$32 900. The causes the mayor gave
as increased salaries, and insufficient
provision for funds no more being
available because the legal limit ta2
rate had already been reached.
Il suggest to you that a reassess
ment OF taxable property in and fol
| said city of Wausau at a valuation re,
| quired by law be made on or before
| May 1st, 1921" the mayors commu
nication continued. 81 suggest thai
water works bonds be issued to cover
the floating Indebtedness of the water
department, including a sum equal tt
| the amount paid by property owner:
who had been specially assessed fol
water main extensions and that an or
| dinance be introduced and adopted
| providing for the costs of water
main extensions to be levied agains
the city and the latter amount to BIZ
| charged as an investment to the util
ity."
The matter of housing teams wa:
also brought up. Aldermen Ringle
GaetZman and Luedtke will confer
with merchants relative to building {
structure. An automobile truck will
be purchased for the use of the stree
department. Petitions for water mair
extensions. sewers, were considered
and resolution was passed making
Saturday afternoon holiday for city
employees.
The copy of the Marathon County
Record of January, 1862, which was
received by the editor of The Pilo
from c. j. Hildreth of Albany, Ala.
with request that it be presented Il
the mayor. was shown TO the council
| by Mayor Flatter and accepted by ths
city through the council The copy
will be framed The clerk was in.
structed to write Mr.. Hildreth a let
ter of appreciation.
| No action was taken in the matter
Of redistricting the city into clever
wards. The matter was laid over anC
the mayor may call a special session
OF the council sometime in the neal
| future to consider it.