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CHAIRMAN WODTKE ASKED IF ANYONE PRESENT WISHED TO MAKE ANY <br />COMMENTS. <br />WILLIAM ELDRIDGE OF FHA STATED THAT HE FEELS THAT THE COUNTY'S <br />PROPOSAL IS A GOOD PLAN AND HE WILL CHECK WITH HIS SUPERIORS ABOUT <br />THE PURCHASE PRICE AND LET THE COUNTY KNOW WITHIN TEN DAYS, HE CON- <br />TINUED THAT THE LOAN FUNDS MENTIONED WILL COME OUT OF THE ZQ MILLION <br />ALREADY OBLIGATED FOR THE COUNTY, HE AGREED THAT THIS IS A BETTER PLAN <br />THAN THE ONE PROPOSED BY FHA AS IN THEIR PLAN U.D.U. WAS LIMITED BY A <br />FRANCHISE AREA, BUT NOW THE COUNTY IS PLANNING TO SERVE ALL AREAS OF <br />GIFFORD THAT WANT THE SERVICE AND WHERE IT IS FEASIBLE TO SERVE. <br />CHAIRMAN WODTKE POINTED OUT THAT IF THE COUNTY OWNS THE <br />SYSTEM IT PUTS US IN A POSITION WHERE WE CAN PUT MONEY INTO THE SYSTEM <br />WHEN IT IS NEEDED, BUT WHEN IT IS OWNED BY A PRIVATE UTILITY COMPANY, <br />WE CANNOT DO THIS, <br />RALPH LUNDY, PRESIDENT OF THE GIFFORD PROGRESSIVE CIVIC LEAGUE, <br />STATED THAT IT IS IMPORTANT AT THIS TIME TO DETERMINE IF (I.D.U. IS GOING <br />TO ACCEPT THIS PROPOSAL BECAUSE WE HAVE TO BASE OUR DECISION ON WHAT <br />THEY ARE GOING TO DO. <br />CHARLES HERRING, ATTORNEY FOR U.D.U.", INFORMED THE BOARD THAT <br />U.D.U. HAS PREPARED A RESOLUTION IN GOOD. FAITH PREDICATED UPON CERTAIN <br />PRINCIPLES THAT HAVE BEEN REPRESENTED TO THEM BY THE PARTIES INVOLVED. <br />-HE STATED THAT MR. WODTKE HAS PRESENTED A VERY EXCELLENT PLAN THAT IS <br />WORKABLE, BUT NOTED THAT THERE ARE A LOT OF "IFS" INVOLVED, AND THE <br />RESOLUTION IS IN THE FORM IT IS BECAUSE THERE WERE SO MANY INTANGIBLES <br />AND UNKNOWNS WHEN IT WAS ADOPTED. HE THEN READ THE RESOLUTION IN WHICH <br />U.D.U. AGREES TO ACCEPT THE PURCHASE PRICE OF $75,000.00 SUBJECT TO <br />FHA APPROVAL. <br />3 <br />SEP 2 1977 <br />