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If the council votes to go ahead with the project and the loan money is approved. Mr. Fisher said, the plan is to repay the 30-vear note, at 6-3/8 percent interest, with revenues from tiie water system’s customers. That, he said, will necessitate an increase in the tow n's basic water rate from $6 to $11 per month, with the average water bill rising from $13 to $18 as a result. “We can structure the base charges and any incremental increases any way we want,” he added, "as long as the average (per customer) works out to $18.”
Former mayor J. Newbill Miller said his opposition to the project rests on the fact that parts of the old system could be refurbished and used again, rather than being replaced. Citing the project’s estimated $1.1 million price tag, Mr. Miller told the council, “that’s a heckuva lot of money — $55,000 per person. I don’t buy the theory that it’s state or federal money. It’s all American money.”
Mr. Miller also questioned the advice that the size of the present reservoir be doubled with the addition of a second 100,000-gallon tank. “Do you have authorization from Col. Parson (on whose property the reservoir sits) to double its size?”
Mayor Dean Morehouse replied that negotiations have been under way with Col. Parson for some time, since he complained about brush clearing along the supply line rightof-way which was started without
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