Las Vegas City Commission Minutes, January 7, 1947 to October 26, 1949, lvc000006-545

515 Section 4. This Resolution shall be in full force and effect from and after its passage. ----0O0----- RESOLUTION NO. 104 WHEREAS, the Government of the United States of America, during the recent war time emergency, constructed, acquired and established Sewer War Public Works facilities identified os Project No. Nev. 26-116-F and consisting generally of a disposal plant, pipes, pipelines, accessories and facilities for the conveyance of sewage, together with certain lands or interests in lands, in or near the City of Las Vegas, Clark County, Nevada, and WHEREAS, the Government of the United States of America, by instrument in writing dated July 1, 1946, leased the aforesaid Project to the City of Las Vegas, Nevada, and by provision in said instrument granted to said City the option, during the original term of said lease, or any renewal thereof, to purchase all of the Government's right, title and interest in and to the leased property for the agreed and stipulated consideration of the principal sum of Three Hundred Twenty Thousand Dollars ($320,000.00), less the amount of all rental payments made under said lease, plus interest computed at the rate of three per cent (3%) per annum on the principal sum or balances thereof, and WHEREAS, the City of Las Vegas is now considering the acquisition of all of the Govern­ments' right, title and interest in and to the aforesaid Project, by and through its exercise of the option aforesaid, and WHEREAS, a technical engineering investigation now discloses that the sewer works of said Project have depreciated at a far greater rate than that anticipated at the time of the execution of the option agreement aforesaid and assumed as the basis for the fixation of a fair valuation of said Project to be paid by the City of Las Vegas upon the exercise of its option to purchase the same, and WHEREAS, in the light of the facts, revealed by said investigation, that deterioration in said sewer works is progressing at a spiraling rate, resulting in an excessively increased flow of infiltrated ground waters, necessitating the additional fixed cost of treating the same, and that the utility life of said works is consequently considerably shorter than that contemplated at the time of the execution of said option agreement, obviously requiring an earlier retirement and replacement of said works, it now appears that the valuation of said Project as reflected in the consideration expressed in the option agreement for the purchase of said Project by the City of Las Vegas failed to take into account circumstances sub­sequently developing and unforeseen at the time of said agreement which would have materially effected a reduced and more accurate and equitable valuation, and WHEREAS, it was the intention of the parties at that time to express a consideration which reflected a reasonably accurate, fair and equitable valuation of said Project, now, therefore, be it RESOLVED by the Board of Commissioners of the City of Las Vegas, in regular session this 29th day of September, 1947, that it respectfully urge and request the Government of the United States of America, through its duly constituted agencies, to re-open and re consider the question of the valuation of the Project aforesaid, and join with the City of Las Vegas in an examination of all the facts and circumstances now known or available having any bearing upon a determination of a more accurate, fair and equitable consideration to be paid by said City upon the exercise of its option to purchase said Project. E. W. Cragin_______ mayor ATTEST: Helen Scott Reed City Clerk. RESOLUTION NO. 105 WHEREAS, the economic plight of the peoples of western Europe has reached the stage where they face the almost certain prospect of starvation this winter, and WHEREAS, the economic wellbeing of these people is a vital factor in the winning of and maintaining the peace of the world, and WHEREAS, every human Instinct dictates the necessity of furnishing the sustenance of life to those faced with the sector of suffering and want, and WHEREAS, the President of the United States, in keeping with the American tradition and spirit of benevolence towards mankind, has inaugurated a program of food conservation at home that we may provide the economic means for the preservation of life in western Europe, now, therefore, be it RESOLVED, by the Board of Commissioners of the City of Las Vegas, in regular session this 7th day of October, 1947, that it is the sentiment of the said Board that the purposes of the Presidential food program is a worthy American cause and deserves the fullest cooperation of the residents of the City of Las Vegas who are hereby urged to join wholeheartedly in said program in aid of its success.