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CHAIRMAN LOY STATED THAT AT THE MARCH 13TH, MEETING, IT WAS <br />STATED THAT F.H.A. WOULD PUT MONEY IN ESCROW FOR PAYMENT OF UP TO THREE <br />MONTHS IN THE EVENT THAT U.D.U. DOES NOT PAY THE COUNTY AND THE COUNTY <br />COULD NOT PAY THE CITY OF VERO BEACH. WE ASKED FOR 12 MONTHS E.S.TIMATED= <br />WATER BILLS AND WE WERE TOLD THAT THIS COULD NOT BE DONE. WHAT CAN WE <br />EXPECT FROM U.D.U. TO SECURE PAYMENT? <br />MR. WEATHERSSTATED THAT THE LOAN THEY PROPOSED TO MAKE WOULD <br />INCLUDE FUNDS TO PAY AN ESTIMATED SIX MONTHS WATER BILLS AND THEY FEEL <br />THAT IN THIS LENGTH OF TIME U.D.U. SHOULD BE ON A FIRM BASIS, IF NOT, <br />WE CAN SUGGEST THAT THE COUNTY CUT-OFF THE WATER. <br />MR. WEATHERS CONTINUED THAT IF WE SET UP SIX MONTHS TO PAY THE <br />ESTIMATED WATER BILLS THAT SHOULD BE SUFFICIENT TIME TO PUT THIS <br />COMPANY ON FIRM GROUND. <br />DR. SMITH STATED THAT THIS SIX MONTH ESTIMATED BILL WOULD BE <br />ESCROWED WITH THE COUNTY. <br />MR. WEATHERS STATED THAT THEY FEEL THE SUCCESS OF THE GOVERNMENT <br />RECOVERING THEIR MONEY IS GOOD. THEY DO NOT PLAN TO WRITE OFF THIS <br />DEBT,.AND IF U.D.U. CAN GET GOOD WATER, THEY THINK OVER A PERIOD OF YEARS, <br />THERE WILL BE ENOUGH USERS TO RECOVER THIS LOAN. <br />COMMISSIONER WODTKE STATED THAT HE DID NOT SEE ANY OTHER ALTER- <br />NATIVE AND MADE A MOTION SECONDED BY COMMISSIONER SCHMUCKER TO ENTER <br />INTO A TRIPARTITE AGREEMENT WITH THE CITY OF VERO BEACH AND U.D.U. <br />FOR THE PURCHASE OF CITY WATER FOR U.D.U. CUSTOMERS. <br />CHAIRMAN LOY ASKED, "WHAT IS THE POSSIBILITY OF THE COUNTY <br />CONTRACTING WITH F.H.A. AS THE AGENT TO MAKE SURE THE WATER BILLS ARE <br />PAID. <br />MR, WEATHERSSTATED THAT THEY DO NOT HAVE THE AUTHORITY TO DO <br />THAT AND KNOWS OF NO WAY THEY COULD CONTRACT DIRECTLY WITH THE COUNTY. <br />CHAIRMAN LOY STATED THAT ANY AGREEMENT WITH U.D.U. WOULD HAVE <br />TO HAVE F.H.A. APPROVAL OR YOUR CONCURRENCE TO PROTECT THE COUNTY. <br />MR. WEATHERS STATED THAT THEY WOULD LIKE TO CONCUR WITH THE <br />COUNTY'S AGREEMENT BUT THEY WOULD NOT BE A LEGAL PART OF THE AGREEMENT. <br />CHAIRMAN LOY STATED THAT F.H.A. OWNS THE SYSTEM AND WE ARE <br />ASKED TO MAKE AGREEMENTS WITH A "PAPER ORGANIZATION" AND ARE BEING TOLD <br />WE CANNOT DEAL WITH THE PEOPLE WHO ACTUALLY OWN THE SYSTEM, I.E. (F.H.A. <br />24 <br />ROOK 22 F'Ar f 383 <br />