FINANCING THE TOWN HALL.

Auckland Star, Volume XXXIX, Issue 140, 12 June 1908, Page 4

FINANCING THE TOWN HALL.

ADDITIONAL £30,000 LOAN PBO. i posed. y 5 ; 7

PROPOSED ALLOCATION AMENDED.

The whole of the City Council met in committee last night to consider the Town Hall plans and tenders, his TOor ship the Mayor (Mr. A. M. Myers) w * siding. f - The Council was addressed by Mr. B* Black, who gained the second award in - the designing competition, hut his r&> quest to be permitted working plans and specifications upon which to invite teiw ders for the Town Hall erection wm one that the Council could not see jjM way clear to grant. After discussion regarding the tendejg received on the plans prepared W8 Messrs. J. J. and E. J. Clark, of Melbourne, it was resolved that the m#. mium for the first design should not fa paid to them, seeing that the tend* price for the erection of the buildba* exceeds the stipulated amount £60,000. The committee, however' i*. commended that the tender of Messra, Ferguson and Malcolm for the wools work be accepted, conditional upon such modifications being allowed as may Be-: determined upon by the Council, and ex- 1 ■pressly subject to the ratepayers' authorisation of a further loan of £30,000, the poll to be taken forthwith, and on the explicit understanding (\) That Messrs. Ferguson and Malcolm hold their tender open till such poll ba taken, and (2) that the Council, on .itspart, take steps at once to place the' proposal for such additional loan before the ratepayers. It was decided to seek the sanction; of the ratepayers for a further loan not exceeding £30,000, at a rate of ia.--terest not exceeding 4i per cent <wr annum, with a sinking fund of £ per 1 cent per annum, and guarantee of 21 v years, secured on the Town Hall build- i ing and site, and on the revenue of itSei city, subject to existing loans, for .theC purpose of providing funds to complete the work. In making these recommendations, the committee emphasised tkV'" facts that the working plans of the 1 Town Hall provide additional accomj modation to what was shown in tI»C original design; that stone has been substituted for brick on the Grey-streetC front of the office block; that the priisC jof both labour and material has con-.; siderably advanced since the designs were invited; and that further landTasSi aiiice been acquired. ■■: CC| Under the amended proposal, the loan allocation recommended at last Counciiy •meeting has been altered by the suVv stitution of £20,000 in place of £3£,000y . : or street works, and by the addition 0f£30,000 for the Town Hall, the total : being £118,000, made up as foUoWB*~|S Arch Hill reservoir and pipes £ 20,080 Kbyber Pass reservoir (including C*C: land) and pipes 20,000 Morgue l,oooj Parks and Domain 3,000 Customs-street West alterations .15,000 Sj-monds-street, widening and com- ;,.'« pensation for land 4,000 High-street, widening and compensa- . HH tion for land 5.000 Various street works 22,000 Additional sum for Town Hall 30,000. £120^ ;