Minutes 01/28/1936 - Laserfiche WebLink

Home Browse Search

'30 2. ~t. Hermon School: 45% grant from P,W,A. $21,370; loan from Liter- ary Fund $25,000; local loan necessary $1~130; total $~7~500, 3. Both projects combined; 45~ g~ant from P.W.A. $~5,~95; loan from Lit- erary fund $50,000; lqcal loan necessary $5~,505; total for both $190,OO0.- The annual carrying charges for thirty years on these buildings with a ~5% grant from P.W.A. was estimated to be as follows: l. On downtown school: Interest and Sinking Fund $~,799.~9. Increased $6,e°st779°f. 29.°peration over and above cost under present conditions ~fl,9~O. Total increased eo~t 2. Nt. Hermon School: Interest and $inkingFund $1,525.75. Increased cost of operation over and above cos~ under present conditions $7~0.00. Total additional cost $2, 5.75. 3. Total for both $9,0~5.0~. The Board also went on record as follows: In the event both projects can not be financed, the Board recommends the approval of the Down-town colored sehooI as be- ing by far the more pressing need. The Board also respectfully requested that your honorable body give fi- haled byC°nsiderati°ndelay, to this matter at your earliest convenience, as the ma~ter may be Jeopardiz- Respectfully submitted, H.A. Hu~t, Supt. of Schools., The following letter was read and referred to the City Manager. "I herewith make application to be placed on the pension ~olls of the Oity. I have been employed in the Street Deoartment since Sept. 15th, 1921 and time.W°rked up through December 1935. I was taken sick an~ have not been able to work since that Yours ~ruly, J.H. Harris." Report of W.P. Jordan for auditing ferry books and accounts for December, 1935 was received ~ud ordered filed. On motion adjourned. City Clerk. Approved Pre s ident.