HomeMy WebLinkAbout1951-11-21"" ~tiverside
M I S S O U R I
21 Dlovember 1951
Minutes of vouncil of Riverside meeting 21 November,1951
Councilmen present Young, S::hrivner, Roy Renner and l~agle
D~eeting called to order by Adayor Filger
9i:inutea of past meeting waived in favor of Fire iiydrsnt conference.
311r. Halloway and Bit. Cushing of the Parkville eater Company were
present as requested to discuss r'ire hydrant installation in the
city. fir. rlalloway gave the following information brief concerning
the water company. -
Estimated 40 homes and business in tre city were not serviced by the
water company.
i:ity of Yarkville hsd at the present 24 fire hydrants on the
rental basis of ~p50.00 per year.
Rstimated a 10;6 increase in electric power to operate pumps this
coming year.
Parkville ssk eater company to expend X20 to X30,000.00 to lower
trier fire hazard insurance rates which the company did not do.
iiad to put Yarkville on rural pumping whirr increased pump load.
V+bork pumps 18 hours per day at present.
Bates for fire hydrants outside an incorporate limits are x.90.00
per year payable 3 years in advance followed by a rate of X65.00
per year.
caster company expended :300,00.00 to pipe water to riverside and
intermediate points. Past year declared X1,900.00 profit of wrier
preferred stock received X1,600.00 and common stock ~y300.00
.:ouncilman .agle advanced tre proposition teat individual property
owners be given the opertunity to guarantee X65.00 per hydrant per
year witr no rental advancement otter than the first year until
suer date as the city was in finances al position to levy for tre
city water system a complete installation. of hydrants.
~1r. rollaway did not see quite how his company could do trig witr-
out further city guarantee.
::ouncilman Young advanced tre proposition teat these same individual
property owners might furtrer guarantee the water company by presenting
signed non-interest bearing notes of 5 year maturity wrier could be
used by the water company as trey deemed wise.
~o44~VE NID~~,~r ~r• rollaway advised theme aoulcil ris company would consideY
''O these propositions made b;- the council and would st an early
~~~,~ ~A date furnish a decision in tre matter.
,~°~
' Abe FRIENDLY
loo furtrer business old or new was conaTucted.
or Filger ask for adjournment voted,passed.
T.',..Ra~G acting secretary