Notice of Public Hearing Town of Culver.  

At a special meeting of the Board of Trustees of the Town of Culver to be held at the hour of 7:30 o'clock p.m. on January 14, 1952, amending an orddinance entitled. 'An Ordidiance Fixing the schedule of rates and the charges to be collected by the Town of Culver, Indfiana, from the owners of property served by the sewage disposal works and sanitary sewers of said Town and other matters connected therewith:

The Board od Trustees now has under consideration said ordinance, which provides is part as follows:

Be it ordained by the Board of Trustess of the Town of Culver, Indiana;

Section 1 . That Section 12 of the ordiance entitled 'As Ordinance Fixing the schedule of rates and charges to be collected by the Town of Culver, Indiana, from the owners of sewers of said Town, and other matters connected therewith' adopted on December 3, 1951, be and the same is hereby amended by inserting therein a new subsection disignated as (A-1) reading as follows: (A-1) The rates and charges applying to the property of the Culver Educational Foundation lying outside of the corporate limits of the Town shall in in accordance with the following procisions of the contracyt eneterd into by the Town of CUlver with the Culver Educational Foundation under date of December 14th, 1951: (a) The Academy shall pay to the Town a sum equivalent to Two dollars and firty-five cents ($2.45) for eachf amily unit using the academy sewer system. Such payments shall commence on the first day of the month following the month in which construction work is started on the main or trunk sewer running from the point where the said Academy will make its connection th the sewage disposal pppplant, provided, however, that Academy shall not be required to befin making its monthly payments until the property owners of said Town are required by ordinance to begin making their monthly payments in accordance with the Sub-section 2-b of this contract. Said monthly payments by said Academy sahll contire until the retirement of the Seage Reveue Bonds of the Town of Culver contemplated herein, or untill the original maturity of such issue, wothout ectension, whechever is earlier. The number of family untis using the Academy sewer system shall be computed as follows:

(1) Each private residence using the Academy sewer system shall be treated as on family unit.

(II) Maxinkuckee Inn shall be deemed to comprse eleven (11) family units on the basis of present cpacity of said Inn. SHould the capacity of th said Inn be either increased or decreaqsed, the number of family units shall be increased or decreased proportionately.

(iii) With respect to the Academy students and r esident faculty members, a family unit shall be deemed to consist of 3.1 persons.

In determination the number of family intus for the students nd resident faculty members at said Academy, the average daily enrollmet of students and resident faculty members shall be determined for a period of one year, and that average shall form the basis for the monthly payment for the following year. such process to continue from year to year thereafter so long as the Academy's obligation to make said payments shall continue. It is further agreed that regardless of how small the enrollment of student at the Acaemy shall become, the monthly payment made by the Academy to the Town shall in noe event be less than Five hundred thrity-six dollars ($536.00) per month as long as the Academy's obligation to make said payments shall continue. Ir is understood that the monthly payments to be made by the Academy to the Town of CUlver based upon the present enrollment of student, resident faculty memebers, Maxinkuckee Inn and private dwelling is Six hondred sixty-nine dollars ($669.00) per month. The payments provided for in this paragraph represent the Academy;s share of the amount necessary to retire the bond issue for the construction of the main interceptor sewer and the sewage disposal plant; proovided, that the said payments may also be used as provided in paragraph 2-b here after.

(b) The Town aprees that it will impose a monthly unti sewer rental cahrge at the rate of Two dollars and forty-five cents ($2,35) on its users to procure funds to retie the sewer revenue bond issue. The Town further agrees that it will not reduce said rate until after the revenue bonds have been fully paid and discharged. SHoulf the siad charge and the cherge made to said Academy together bw found sufficient, after provision for retirement of the bonds, and a reasonable surplus for delinquencies and contingencies, to pay all or any part of the cost of maintenance and operation of the main or trunk sewer and the dewage disposal plant during the period when such charges are in effect, then such charges shall be used to pay all or any such part, respectively, of such cost, and in this event any additional payment by either the Academy or he Town during such perion shall be made only to the extent necessary to cover any remaining cost of such maintenance and peeration. Any surplus funds that may accumulate from the said charfes after application for the purposes above described, shall be used to rtire the bonds in advance of their due dates.

At such hearing and prior to the final adoption of siad ordinance all persons interested may appear and be heard. A copy of said ordinance may be examined at the office of the Clerk-Treasurer.

Dated this 2nd day of January, 1952

William R. Easterday, Clerk Treasurer