Minutes-3 /16/1964

There is a limit on how many revenue bonds you can sell on the basis of taxable valuation. Revenue bonds are essentially set up on sewer rental. Will be difficult in Tiffin until we get city water because it would be difficult to set schedule. The only thing that the law says is that the system has to be a fair system without any discrimination. Plant Assessment. Each single family dwelling has a number 1 on the chart. Each apartment has a number 2 or 3, depending on the number of units. Each commercial establishment was figured out in family unit equivalents. This formula is based on prior studies which have been used by persons in this area and was formulated by Ohio State. Gas station. According to sewer ordinance, no grease pit drainage can go into sewer. A $5,000 contingency fund is included, pro-rated across sewer and plant costs. Will have to talk to Bey about financing costs. The Code states that the cost of making the plat and schedule is to be paid from the Sanitation Fund. All engineering work has been completed except layout and inspection after the bids are let. Bill has kept track of this on time and materials basis. This estimate includes an estimate on the plant land acquisition cost of 3 acres @ $1,000 per acre from Mrs. Rogers. It would seem like a good idea to apply to the State for Federal aid. Operating cost of plant: estimated at $3,000 yearly to be divided among 138 equivalent family units. What deadline should be set for hooking on? Technically, until they are hooked on, they are not liable for rental. The actual cost to a property owner developing property after the system is in should be equally as great or greater than someone who is there right now. The State does not worry about lot line lateral dimensions.