3/24/1976 - Laserfiche WebLink

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MELVIN TANEN STATED THAT THE UTILITY COMPANY IS ACTUALLY A SEPARATE THING, AND WHEN YOU HAVE AN INVESTMENT YOU LOOK FOR A RETURN, HE STATED THEY HAVE NEVER HAD THIS RETURN AND IT HAS NOW REACHED A POINT WHERE THEY CAN T EXIST WITH THE SITUATION THE WAY IT IS. ATTORNEY BOGOSIAN POINTED OUT THAT EVEN THOUGH TO SOME EXTENT THE PRICE OF THE PLANT WAS BUILT IN WHEN THE HOMES WERE SOLD, SERVICE HAS BEEN SUPPLIED FOR 16 YEARS AT A VERY NOMINAL CHARGE,AND HE FELT NO ONE WOULD RUN A BUSINESS IF HE COULD NOT MAKE A REASONABLE RATE OF RETURN, COMMISSIONER WODTKE THEN QUESTIONED MR. EDELSTEIN IN DETAIL ABOUT HIS FINANCIAL STATEMENT, ESPECIALLY WITH REGARD TO THE LARGE JUMP IN OPERATING COSTS FROM 1974 TO 1975, WHICH MR. EDELSTEIN STATED WAS DUE TO REPAIRS AND CAPITAL IMPROVEMENTS, COMMISSIONER LOY ASKED MR, TANEN IF HE INTENDED TO PUT IN TWO NEW PLANTS, TO PUT DOWN NEW WELLS AND WATER TREATMENT SYSTEMS, AND WHETHER HE HAD ANY PLANS FOR EXPANSION. MR. TANEN STATED THEY ARE GOING TO PUT IN A COMPLETE NEW SEWER PLANT; THAT THEY HAVE NO WAY TO GO WITH THE WELLS, BUT WILL HAVE TO PUT IN A PURIFYING TYPE SYSTEM TO CEEAR UP THE WATER, AS TO EXPANSION, THEY ARE PLANNING TO PUT IN AN EXPANDABLE•UNIT AND ALREADY HAVE A FRANCHISE THAT COVERS A GOOD SIZE AREA, BUT NO ONE HAS APPROACHED THEM IN THIS REGARD. k JAMES BEINDORF, ENGINEER, INFORMED THE BOARD THAT THIS FACILITY WAS CITED SEVERAL YEARS AGO AND THEY NOW ARE OPERATING UNDER A TEMPORARY PERMIT THAT SETS SPECIFIC DATES FOR CERTAIN THINGS TO BE DONE, BY JUNE OF THIS YEAR EITHER A NEW SEWAGE PLANT MUST BE CONSTRUCTED OR THE OLD ONE MUST MEET THE MINIMUM STANDARDS, AND THEY CANNOT GET THE QLD PLANT UP TO THOSE STANDARDS, BY THE END OF 1976, THERE MUST BE A CURRENT ;I OPERATING PERMIT FROM THE STATE THAT WILL SHOW EVERYTHING IS OPERATING S WITH 90% EFFICIENCY. HE CONTINUED THAT IN ADDITION THIS FACIILITY OPERATES UNDER ANOTHER PERMIT FROM THE ENVIRONMENTAL PROTECTION AGENCY BECAUSE t q 1 1AR 2 41976.