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92- pressures at the time these bonds are sold. The second stage, recommended to be implemented January 1, 1978, will increase revenues from current water sales by an additional 14.6% and from sewerage sales by 29.7 %. These additional monies would be used to finance the balance of the planned capital im- provement program. The rates set forth herein which are projected to accomplish the second stage goal will have to be reviewed prior to their implementation and evaluated on the then existing bond interest rates, advisable maturity schedules, and inflationary pressures on the utilities. The first stage maximum single family resident sewer charge is to be $8.50 per month, and under the second stage A s projected to be $10.00 per month. The study also recommends that the respective product's raw or fixed cost be reviewed monthly and every stage of the block rate structure be adjusted for each 1� per 100 c.f. decrease or increase in the raw or fixed product cost based on the prior three month demonstrable change." Full reports were furnished each of the Councilmen and staff. After receiving the report, a motion was made by Councilman Swaim and seconded by Councilman Williams . to call for a public hearing on March 28, 1977 on the rate recommendations. The motion carried: 6 ayes, 0 nays. City Manager Sweatt advised the Council that the Economic Development Agency may be willing to consider an application in the amount of 60% of estimated cost for City of Paris to extend water lines southward toward the proposed industrial location of Stockham Valves and further south that could include lines for Cooper water sup- ply as well as other industrial property development, and recommended that the City of Paris make pre - application at this time in order, as funds become available, this grant assistance be developed. After discussion, a motion was made by Councilman Swaim and seconded by Councilman Fisher approving the recommendation of the city manager for pre - application to the Economic Development Agency for the project. The motion carried: 6 ayes, 0 nays. City Manager Sweatt requested authorization to advertise for bids on waterproofing and stabilization work at the Paris Public Library building, such bids to be re- ceived April 6, 1977, tabulated, and presented to the Council at its regular meeting on April 11, 1977. A motion was made by Councilman Williams and seconded by Coun- cilman Fisher approving the recommendation of the city manager. The motion carried: 6 ayes, 0 nays. Resolution No. 1793, re- appointing James W. Farris and appointing Charles Casey as members of the Fireman - Policeman Civil Service Commission of the City of Paris to serve through December 31, 1979, was presented. A motion was made by Councilman Fisher and seconded by Councilman Swaim for the adoption of the resolution. The motion carried: 6 ayes, 0 nays.