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Digital ID
upr000036-084
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I agree.fhls is the first tine 1 have heard any figures on the anticipated easts far the water district, hut It was stated, in this nesting that they aspects! to Issue bonds in the amount of 000,000 and that with the provisions of the proposed nm act they could save about Ip in their financing costs* Siegestion was then, mad# by one of the members that perhaps it would be better to try to lease the water distributing system instead of condemning or otherwise acquiring It, as under this method It would not be necessary to mbs such a large bond issue, and In addition the water system would continue to pay taxes, whereas if the water district acquired ownership of the mains the taxes would be lost* Will keep you advised of any further developments. A* «• Polger a oo - Hr* S. E. Bennett*