Putnam patriot., 1929-10-03
5. NIK0LOFF'S OFFER TO ASSIGN
OPTION TO CITY A SURPRISE
oheials Anticipated Buying
Plot eozl0o For Oak Hill
Standpiro
ceaseii Votes to Award contra., F.-
Ninety rcot Tank

me water works situation advanced
another step at the regular meeting
o. the common council, Tuesday eve
hihg. The board Of water commissinn.
erA' ~ receipt Of five bids for erect.
ing a million gallon steel standnine
iorty.tive feet in diameter and nfnetv
feet high, on Oak hin. reconmendaa
to the council that the hia az Inc On
eago Bridge q Iron COMPANY he &c
eepted. This concern was The lo,s-
est of the five bidders. The hid ,ya.
S22,500. This does not inelude bniId
ing the foundation but does include
Ss9.austrecting the tank and erecting it.
IN. ne other Tour bids ranged from SEA-
fso 70 S22,7bO. The Chicago concern
was also the lowest bidder when bida
were secured some time ago.
After the recommendation of tba
commissioners had been read IL was
voted that tie contract be made and
the mayor was empowered to sign the
agreement at future time.
Council Surprised
The matter Of acquiring the neces-
sary land on Oak Hill is not as vet
definitely settled. IL was anticipated
tnat the plot desired could be purchase
ed from 5. Nikoloff who holds a bond
Tor deed Of Oak Hill property from
the Putnam Savings Bank. The ops
ton includes the email tract In tho
rear OF the present standpipe that the
water commissioners desire for the
erection Of the new tank. From what
has gone before IL was assumed that
there would be no difficulty in making
the purchase. When a communication
from Mr.. NikoloT was read AZ tho
meeting il was evident that It's pur-
port was surprise 10 the mayor. TO
the chairman Of the board Of water
commissioners, and 10 those menu
bers Of the council who have been in
close touch with the progress OF The
waterworks situation. The letter was
dated, October lst, and was as fol-
lows:
Hon. Charles A. Richard.
Mayor Of the City Of Putnam.
Sir:
As you probably know | have
returned, within the last few
days, from a three months stay
IN Europe. Before | left in June
! closed a bargain with the Put
nam Savings Bank for the pur-
chase of a tract of land on Oak
Hill with the idea of making il
into public park.
Upon my return find there is
considerable criticism of my ac-
ton in closing this deal, and al
though | have not been approach
ed by any city official concerning
the purchase Of any portion Of
the land IL may be the better way
for me to abandon the project
entirely.
Therefore, if the city Of Put
nam will reimburse me for what
| have paid TO the Putnam Saw
ings Bank, | will be pleased to as
sign 10 the city whatever rights
| may have acquired to the land
on Oak Hill from the Savings
Bank, and then the city will be
free TO make such arrangements
with the Savings Bank as il may
choose.
| am leaving town on q bust
ness trip which will necessitate
my absence from Putnam for a
few days. / am writing this letter
b you as / have not the time TO
call upon you and talk the mat
ter over and | wish you 10 know
my position. / expect 70 return
20 Putnam a week from today,
and az that time / shall be pleas
ed to meet any representative Of
the city.
rasrcctfuily yours.