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CITY VOTES - (Continued from page 1) installation of a 500,000-gallon jmT minute deep well turbine imp and construction of a- lasonary building containing hlorination and chemical feed quipment, pipe and electrical ontrols. The building would be (instructed on Beach avenue ,.n the south side of Route 120. Estimated cost of the project s $193,000. It is anticipated that voi k can be started in October .>r November of this year with a rompletion date of July, 1976. A letter of approval on the project has been received from he EPA as required. Auditor William North presented financial aspects for obtaining water revenue bonds. He estimated income per year for the Water and Sewer fund at $277,00(b with expenditures at $236,000. This would leave a net cash revenue of $40,400. He noted that there is a present debt service on a 1956 bond issue for the Water and 'Sewer fund of $11,040 per year. This would be paid up in 1987 Schedule of payments for the new project showed a yearly payment of $20,600. After 1987, the yearly payments would be increased to $34,700 since the 1956 bonds would be retired at that time. Various questions from aldermen were answered by Auditor North and Fred Kabbria from the engineering firm of Baxter and Woodman, engineers for the city. Alderman Harker made a motion that the ordinance be adopted to put Well No. 5 into operation and Alderman Ed­ ward Datz seconded the motion. It passed unanimously. At the conclusion of the discussion. Mayor Joseph Stanek pointed out that this delay has cost the city about $150,000. A year ago, an estimate of $350,000 was given to put Well No. 5 in operation as "a Cadillac system." The most recent estimate received for that same type system was $450,000 To make Well No. 5 a Cadillac system," it would need to be improved by the installation of extensive and expensive iron dequestering equipment. The Council listened to Developer Arnold Kaufman, purchaser of the Glosson property, present his proposed plans lor an enclosed mall shopping center oh land he is seeking to annex to the city. Tne H'^'-acre parcel of land is located on the northeast corner of Route 120 T and Ringwood road. Kaufman has filed a petition to annex the property to the city so he can utilize city water and sewer. His preliminary plans call for a 145,000 square foot shopping area with required parking spaces as per zoning. His plans call for a junior department store and a food mart with retail stores in between. He explained that the lead time for such projects is two, three and even four years. Shou'd the city agree to annexation, Kaufman said he had been in contact with Dave Ladd of Brittany Builders regarding cost sharing to bring water to their properties. Brittany Builders are planning a residential development on 17 acres of land on Ringwood road which was annexed to the city just recently. Parkland school property is situated between the Brittany Builders proposed development and the Kaufman land.. Kaufman specifically noted that this shopping center type of project would produce no children to attend schools and it serves as an excellent tax base. This shopping center could generate eight million dollars in sales which would give the city approximately $40,000 in additional sales tax revenue, he said. Stanek explained to Kaufman that at a recent meeting with city planning agencies, his annexation request was discussed. It was agreed that the annexation would be in conformity with future city plans and would be in the best interest of the city. At that same meeting, it was felt that rather than ask developers to contribute to schools and parks, "the city should make a pointed effort to focus in on water and extension of water mains," Stanek said. "The agreement was to go westerly but "that some sub­ stantial contribution toward water would be required and insisted upon," Stanek stressed. ^ It was estimated that the cost of running a 12-inch water main frdm Well No. 5 on Beach avenue in Lakeland Shores to the southeast corner of the Brittany Builders property would cost about $62,000. Alderman Hromec did not agree that water was the main problem in this area. She said she did not like to see the Kaufmann development automatically linked with the Brittany Builders develop­ ment. "I don't consider this development nearly' the threat the Brittany development is," she said. "There is very strong objection to Brittany Builders and perhaps i>t won't be resolved unless we go to a civil suit or unless serious, serious problems could be resolved," she stressed. Mrs. Hromec asked Kaufman if his plans were contingent upon Brittany Builders' plans. She wanted to know if for any reasons. Brittanv would be unable to develop, could Kaufman proceed on his own. Kaufman replied that he could but he would have to look to the city for help in extending the water main since he did not want to undertake the entire burden himself of possible 60 or 70 thousand dollars. The discussion ended when Kaufman was told by the Council that Parkland school and developers of vacant land located on the south side of Route 120, formerly known as Pheasant Valley, will be contacted to see if they are interested in participating in development of a water main through their property." Kaufman was assured by Stanek he would be advised of the Council's decision in a couple of weeks. PAGE 9 - PLAINDEALER^RIDAY, AUGUST 8, 1975 BANK N0TE$ BY DONALD DALEY PRESIDENT FIRST NATIONAL BANK OF McHENRY "WORTH ONE'S SALT" Of all the Items that have served as money down through the centuries, few have a longer or more curious history than SALT. 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