HomeMy WebLinkAbout06101963Car_~ied.
adopted:
·
(~_l,,gw~3TM, ~, ~ Oi?~ 'qF)ZB~.O~. 0~ ..... ~}q~ ,_,~'d~"i'-Ok~'b ~J,,~OLICfEk. OT~b ~. ....... ~ .........
&],.so to avoid any '' o~ .... ~os:~tion not ' ~-~ .... :: ,,-re ....~oo~
on-nee :.,,~, . b. .... fully ~.~,
part of th~ ?_!n~t,~s.
......... : , .,~ - '
!n t'¢~it~ot';al works, hop m~t.!n~s hCr~ or h';~iami R~.T,~ r, _
~-~ ~..~v~, w.~ shoulU w~it on ou,~, Clty ~:~.,~rn~~+~ to ,~s! further
w~th ~..~C and !~t ~ him choos= what h~.Ip h~ d~,~ms n~c~ssary,
~,,%h_ th~~,~ ...... ~,~ ~,,a~ i, ons. ~,~tt l~o=.~ ._, any
co':;p.¢,,z'atio~ t,~,~;..n ~r~v!ously sno~ ,* ~C, thst th~ City
~¢¢u-~''~ --'~ ;z~.~,,~.-.ral]..y to protect th~
.. ...... ~,~ ·. uj .....
.~.,,-:i.:r Vic~ ~:'., ,-,,.,~.~.,-nt., . stated in our
m~tin.~ of E-ay 2.9 that th.~ bond ma~k~t Is "poor" an~
they ',~:-,~ tu~-ab!~, to o'btPl.~ ::.,~-,qua, T,~ oon~!nS to ~ua, rrant
platted; oom~:tlt, tm~nts Un:Lis 1 to lO. My -.xp~ri-no~, not
altoz~thCr s)!~.;ht, o~ .p.~rformauc¢ 'bonds indleat;~s that
conpan~s r~qulr~ o:m!y two major qua!Iflc~tlons:
(a) T~cm. ical aoi?'ty to p~.rfo~m th~ sp~eif!*~
(b) mvtd~n.c~ of proper asi~tC 'tO p~r::'or~ th~
w'oPk.
:I-DC stat-.8 i't ¥.ou!d
(a) ~"~"]' "FOO~-"-X 00() to comply w~'th_ th.q.r,platt~
('b) nur ........ ,~t~y ~ntin~.~r-cam~ up with a r!~ur~ of ~'~,700,000_
to do tbs..sam~ wor~.
(o) Th pr-s~nt insd~qust..,~ bonds, total]EriC ap'Droximau~ly.
1/2 mi.qllon w~r¢, I mud~rstand., f s~u~d about thC
tlm.~ Vf..c~ Pr~s. Fi~2:~Zs,n was
' . . ,....so on this ~!_.y Co~oil
}~ana,3~r and p~rha, os ~ "~
ky r~oomm*mdst~i, or_, a.s a minimum ¢.*stttr¢ is th.~t
lncr~as~ their p~rforms.nc-~ bonds 'to Zr~.r own
,;.H:~,6OO-n~, wltbcut *'urth~r d!scuss!on.
~'~r~ to
of
ack,Th -. t , +s w "t" ;;: ::t ?.'n ?.:.... ~., i ~ ? ak~ In th.~ Co].].l*r Cr~.~k s*gt~o~ r~e~lv~d mu. ch
~. n~, ~..n th~ '-n)C s~]TiD~ ~,,~ ..... ~ (&~ still do~s,. ..~
~t has n~v~r b.~n c.-rthi~ci as ,..~ .%. ~'or swimmlnr~ by th~ Sta.t~
or CO~i~'ay. '.'h~s Co~r.c~i should r~qu!r.~ that ~..t ~,m~d!a'b~].y
s~ so c~rziri~d to protect ta~ b*a!th of its users.
Tk~ qouncJ. 1 in !ts nttm~rou.'.t d!seL::as!on with vartous
h.c~s u~r~ ~.t~.~)]~ to ~t o.~.sw-Ps to ?',N.~ fo],/ow~"[ qu~$,tEOt'~s:
b. irnp. t. n~L~ b .... n ~on~ '~itb th~ r~e~:tpts.
t¢ld by F]c,~ da ~-,E:~,i ~P,t' t9 Poa~d that, such
;u .... in s~crow).
t,h,*s~ ~*,~:,r~a to him and t.o