Evening star., 1945-12-24
Bond Issue Bids
Due Thursday
AT Alexandra
$500, 900 IsSoueht
By City Council
For Improvements

Bids for the purchase of 81 500 900
OF municipal bonds are being re-
ceived In the Office of Alexandria
City Manager Carl Budwesky and
will be opened at noon on Thursday.
Mr.. Budwesky said City Council is
expected to act on the bids Thurs
day night after taking final action
on the city's 1916 budget.
The bond issue, authorized No.
vember .27, provides for the issue
Of $500 public improvement and
funding bonds in $1,000 demoni-
nations, bearing 2 per cent interest,
payable semi-annually on June Is
and December IS.
All bids must be accompanied by
a certified check for per cent of
the face amount of the bonds bid
for.
In advertising for bids, the city's
financial statement is given Show
ing the estimated value of taxable
real property at 500 ,OO0, 900 with an
assessed value of half that amount: !:
the debt limit to be $4,000, 900 and
the balance of debt limit after the
issue $4,564, 500. The city's popula-
ton is estimated at 72,000 and its
area is 7.67 square miles.
Issues Listed.
The deprecated book value of
public buildings, sanitary and storm
sewers, street and other improve
ments is listed at $500, 900 exclu-
sive of the improvements proposed
to be constructed out of the pro-
ceeds of the new bond issue.
The city's statement of debt. in.
Guiding the new issue, follows: i'm
provement bonds, July /, 1919, $685.
600; gas bonds, October /, 1921, $87,-
600; school bonds, August /, 1928
$50 900; improvement and funding
bonds, August l, 1923, s100, 900; i'm
provement and funding bonds, Feb
ruary l, 1926, $4,000; improvement
and funding bonds, December /
1927, $4,000.
Also improvement and funding
bonds, January /. 1880, s498, 900; i'm
provement and funding bonds, Au-
gust /, 1882, S90,500; RWA school,
bonds, December l, 1888, two series
aggregating $4,000; PWA street
and sewer bonds, December /, 1898
sl3l 900; public improvement and
funding bonds, October l, 1895
s140, 900: December /, 1886, sl96, 900;
June Is, 1888, s56o,e00; December
Is, l941, $500 900, and December IS
1945, s1,5oO,o0o, making a total Of
81, 4,435 500.
In answer to questions asked By
prospective bidders, it was statee
that no additional bonds are ex.
pected to be issued in the nea,
future.
| Variety of Improvements.
OF the pending bond issue. an.
proximately $500,00 is expected tc
be used to cover temporary loan.
for the city's 100000 share of thu
new health center, for new streets
sanitary and storm sewers and recre.
ational sites.
The purposes for which the issue
Will be used are as follows: Schoo
purposes, such as additions to ex.
isting buildings and acquisition O,
new sites, $780, 600; sewers. $3.50 900
street Improvements, $500 900: recre.
ational purposes, such as the i'm.
provement OF existing grounds anc
the acquisition of new sites. s110..
600; public buildings, including thu
construction and site costs of the
health center and two new fir,
stations, and improving and equip.
ping new and existing buildings
$4,000.
The assessed valuation Of the
city's large apartment projects i,
listed as follows: Parkfairfax, s4..
666,691; Abingdon Gardens, s453,.
9l5; Presidential Gardens, 1922 478
River View Apartments, s5O8 $50
Hunting Terrace. $399, $50; Harbo,
Terrace, s3o3,3SO; Burton Apart.
ments, S108,255.