New Ulm review., 1922-01-25
CONCRETE PROPOSED AS THE
SURFACING MATERIAL.
PROBABLE COST.
SEWERS COSTING NEAR $45, 900
DISCUSSED. BONDS BID
is ACCEPTED.

meeting df the city council, Monday
evening of last week.
Only One Bonds Bid. -
Only one bid for the city's bonds
had been submitted, namely, that Of
the Wells-Dickey Trust Company Of
Minneapolis, which was for net rate
Of interest Of five and one-fourth per
cent Following a brief consideration
of this tender, it was accepted.
State Street Paving.
One of the big public ,improven ents
which the city fathers discussed was
the matter Of paving SON e. of our resi-
dental thcroughfs res, with particular
reference to State street. City Engi-
neer aF.aiD. Miniun2 had prepared esti-
mates. on the probable cost Of this
imIroye1ent, based on various widths
of paving with concrete as surfacing
mater al. Mr.. MiniLm,'s estimates on
the cost ger 50-foot lot are as follows:
Fer 30-foot paving, $174.90; 32-foot
paving, $186.60; 34-foot paving, $4,000
36-foot paving, s245.1O and 40-foot
paving, $303.5O 1t is estimated that
$939.12 will cover the cost of paving
the street intersections.
In addition to the cost cf paving
about $500 per block would have to be
paid for curbing and boulevarding,
while another $3.50 would be required
to change the catch basins, etc., in
each block. w. r.
If State street is paved, it is very
likely that this improvement will ex-
tend from Seventh North to Seventh
South streets, distance of IA blocks
and the estimated total cost of a 80
foot concrete pavement is approxi-
m;ately 100000.
In the event that State street is
paved, arrangements will probably b.,
made to dispose of paving warrants
in payment CT the inprovem ent, so
that the property owners would not
be required to pay their entire assess
rents at one time. AS a matter of
fact, the assessn ents could be spread
over period of Is to 20 years, with
interest at six per cent. This would
make it.. convenient for the property
owners to pay. .-,.r..r,a.:
Keeping the present streets in condi-
ton has proven very expensive
matter during. the past several years,
as oil has cost considerable more than
when this method Of con- batting the
dust was first inaugurated here. Street
maintenance costs the city in excess
Of $4,000 a year, which is approxi-
m.ately one-half of the total tax levy
for all purposes As a result, taxes
are high here. -al -..
Sewers and Watermains.
The construction of sewers on Broad
way, between Sixth and Eighth North
streets, on Eighth North from Broad.
way to Washington street; on Wash
ington, between Fourth and Eighth
North streets; on State street from be-
tween Fifth and Sixth North to Eighth
North streets; on Minnesota street,
between Sixth and Ninth North streets.
and between Fifth and Eighth South
streets, was also discussed by the coun
eli, as was the laying Of water1r aims
on Minnesota street, between Eighth
and Twelfth South streets. According
to Engineer Miniur's estimate, the.
total cost of these proposed improve
ments would be approximately $45,00O.
These improverc cents, like any paving
projects that might be undertaken,
could be paid for by issuing sewer war
rants and selling them to sone con-
pany dealing in bonds. Overtures to
this effect were made by the re ,reser-
tatives of two Minneapolis concerns at
the special council meeting last Mon
day evening, but no definite action
was taken by the city fathers.
Son ething apI arently m, st he done,
as the inproven ents mentioned above
have been held up for more than
year. The abutting property owners
at that tine. petitioned the city coun
ell for them. and the various projects
were recommended by the board OF
public works, but thereupon delayed
on account Of lack Of city funds with
which to carry them out.
Accept Banks Bids.
The bids Of the four local banks for
deposit ories Of city funds were accept
ed, and according to the proposals, the
banks will pay the city four per. cent
interest on funds deposited for not
less than six months; if cashed within
three months after being deposited,
only one per cent interest will he paid;
after three months and less than six
months, two per cent. The banks will
pay a rate of one per cent on daily
balances of the city's open accounts
with them. Each of the four proposals
was supplem rented by the statement
that the banks will refuse to allow
overdrafts or carry any city warrants
due to lack Of funds, after January Is
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