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12 The Market Place Wednesday March 16 1911 22 residents at meeting 00V®®UQQV®Dltgt60R to explain wa ter rates By JOHN BRLCE Examiner Staff Reporter COOKSTOWN Present res idents of Cookstown will pay the bills for improvements to the village water system which will be of benefit to future residents Youn Martin Connolly chair man of councils water commit tee made that observation Monday night at public meeting called to explain the need for higher water rates which take effect April The meeting attracted only 12 village residents The way it boils down is the old residents are paying the whole shot he said The whole shot amounts to $204039 for new well and pumphouse needed to provide sufficient water for popula tion of 1540 Connolly said the village could grow to that size if all 02 units are developed in the Cookslane subdivision and Cookstown Estates mobile home park increases from the present 185 units to 250 units as WHICH DAY IS BEST Advertisers frequently ask this question Fortunately there is no best day to advertise Each day new wants arise bringing new readers as old ones satisfy their wants We recommend that you start yOur ad tomorrow and cancel it when you get results After many years of ex perience with millions of want ads we know tomorrOw IS the best day to start your ad and every day is the best day to ad vertise in The Barrie Examiner Classified Section permitted in the subdivision agreement Drilling work on the new well has been completed he said Tenders have been received for the new puinphouse but the con tract has not been awarded The lowest bid submitted Connolly said was $112852 The original estimate of the cost made in 1973 was $85000 The pumphouse is expected to be finished next November Connolly said the money to finance the improvements was borrowed by the 197576 village council from the nowdefunct Ontario Water Resources Com mission at an annual interest rate of 1025 over 30 years To build the well and pum phouse repay the loan and operate the village water system will cost 346100 year he said Estimated revenue from the new water rates hook up fees and municipal taxes amounts to $40100 OLLD LIGHTEN The only way council could lighten the load on the present residents Connolly said would be through lot levies paid to the village by Cookslane developer The developer must pay the village $2500 for each lot it develops Connolly said and $1151 would be applied to the cost of water system im provements However Cookslane intends to build only six model homes this year he said and if the houses dont sell the village might find itself paying the en tire cost of the improvements The new water rates which amount to an average 66 in crease to residential and com mercial users over last year were imposed by council at the suggestion of the Ontario Municipal Board OMB Connolly said council discussed the problem with the MB and was advised to raise He later said the village has contingency fund of $10000 for emergency water supply prov blems but said he does not want to use that money for the imlt provements in case there is major breakdown in the pre sent system Coun Connolly said he feels badly about having to raise village water rates because of tragic blunder by the 197576 council when it negotiated the subdivision agreement with Cookslane DEVELOPERvSIlUllJ PAY He said council should have asked the developer to pay percentage of the cost of im Heres chance to have the biggest best BIRTHDAY PARTY EVERl JOiiiiidiiy proving the water system to in sure adequate supply to ookslane residents We didnt say Okay we will provide water for you but you have to pay percentage of the cost of providing that water hesaid Should another developer come to council with proposal requiring upgraded municipal services Connolly said things would be handled much dif ferently The present council would insure that we had the cash in our pockets before wed ap prove any upgrading of any thing he said whether it be water hydro or 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