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OF THE LOAN AND GRANT WITHIN TEN DAYS AND ANNOUNCED THAT WE DID GET OUR <br />ECONOMIC DEVELOPMENT ADMINISTRATION COMMITMENT APPROVAL YESTERDAY. <br />THE CHAIRMAN CONTINUED REVIEWING THE DOCUMENTS IN THE PACKET <br />AND NOTED THAT THERE IS A SUGGESTED OUTLINE FOR A WATER AND SEWER ORDI- <br />NANCE. HE ALSO POINTED OUT THAT WE ARE TALKING ABOUT 498 WATER CUSTOMERS <br />AND 183 SEWER CUSTOMERS, AND ALTHOUGH WE HOPE AND BELIEVE THESE FIGURES <br />WILL BE MUCH HIGHER, THESE ARE THE FIGURES THAT WE MUST USE TO FIGURE <br />THE INITIAL RATE STRUCTURE. HE THEN WENT OVER THE INITIAL OPERATING <br />BUDGETo WHICH TAKES IN 1978, 1979 AND 1980. THE CHAIRMAN NOTED THAT THE <br />DEBT REPAYMENT THE FIRST TWO YEARS IS INTEREST ONLY. <br />CHAIRMAN WODTKE INFORMED THOSE PRESENT THAT THESE DOCUMENTS <br />NEED TO BE SIGNED TODAY SO THEY CAN BE TAKEN TO WASHINGTON TO SECURE THE <br />GRANT AND LOAN IN THIS YEAR S FUNDS AND ALLOCATIONS. HE STATED THAT <br />ATTORNEY COLLINS HAS PREPARED A RESOLUTION IN THIS REGARD AND RECOMMENDED <br />THAT WE PROCEED AND AUTHORIZE THE ATTORNEY TO WORK UP ANY FURTHER NEEDED <br />DOCUMENTS, INCLUDING THE NECESSARY ORDINANCE.. <br />ON MOTION BY COMMISSIONER SIEBERT, SECONDED BY COMMISSIONER Loy, <br />THE BOARD UNANIMOUSLY ADOPTED RESOLUTION No. 77-92. <br />4 <br />6 <br />ROOK 31 PAGE 02 <br />