10/20/1977 - Laserfiche WebLink

Home Browse Search

ATTORNEY COLLINS DID NOT FEEL THE FACT THAT SOME ARE DE- LINQUENT SHOULD JEOPARDIZE THEM FROM CONNECTING TO THE SYSTEM. CHAIRMAN WODTKE STATED HE FELT WE SHOULD TAKE OVER THE ASSETS AS OF A CERTAIN TIME AND ONLY PURCHASE RECEIVABLES THAT ARE A CERTAIN NUMBER OF DAYS OLD. ATTORNEY CHARLES HERRING NOTED THAT THIS MONEY WAS ACTU- ALLY ENCUMBERED TO THE FHA AND HE DID NOT KNOW WHAT THEIR POSITION IS ON THIS. AFTER FURTHER CONVERSATION, IT WAS AGREED THAT IT WILL REQUIRE MORE THOUGHT AND RESEARCH TO WORK THIS MATTER OUT. CHAIRMAN WODTKE REQUESTED DR. SMITH TO REVIEW THE DIFFER- ENCES IN THEIR FIGURES FROM THE FHA BUDGET. DR. SMITH STATED THAT THEIR ESTIMATED INCOME FIGURE IS A LITTLE HIGHER BECAUSE THEY FIGURED ON MORE CUSTOMERS AND SLIGHTLY LOWER RATES. HE FURTHER NOTED THAT THE FHA FIGURES WERE THE SAME IN THE THIRD YEAR, WHICH HE DID NOT FEEL WAS REALISTIC. ALSO THE. FHA DID NOT INCLUDE A BOOKKEEPING SET-UP OR HAVE A SEWAGE TREATMENT CHARGE. - MR. BEINDORF POINTED OUT THAT YOU CANNOT KNOW ALL THESE COSTS UNTIL YOU ACTUALLY GET INTO IT, BUT HE FELT THE FIGURES ARE DEFINITELY ON THE SAFE SIDE. THE QUESTION AROSE AS TO WHETHER THE MEMBERSHIP OF UDU HAS VOTED TO APPROVE THE SALE AS WELL AS THE BOARD, AND LEON YOUNG STATED S THAT THIS WAS DONE AND APPROVED BY THE MEMBERSHIP ON SEPTEMBER 20TH. DISCUSSION FOLLOWED ON RULES FOR SUBDIVISIONS AND DEVELOP- ERS PAYING THE COST OF EXTENDING LINES INTO SUBDIVISIONS. ATTORNEY COLLINS STATED HE IS CONCERNED ABOUT TIMING THE CLOSING ON THE PURCHASE OF UDU BECAUSE AS. SOON AS THE COUNTY PUR- CHASES UDU, IT WILL BE THEIR OBLIGATION TO MEET STATE STANDARDS. HE ASKED DR. SMITH ABOUT A PROJECTED TIME FRAME. DR. SMITH ESTIMATED A SEVEN-MONTH CONSTRUCTION PERIOD FOR THE WATER TO BE TIED IN, OR ABOUT APRIL IST OF NEXT YEAR. ATTORNEY HERRING POINTED OUT THAT THE COUNTY WILL HAVE TO SPEND FHA MONEY, AND THEY CAN'T GET IT BEFORE THEY GET TITLE TO UDU. 14 OCT 2 0 1977 MOK