7/19/1978 - Laserfiche WebLink

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S r No ATTORNEY BOGOSIAN POINTED OUT THAT CUSTOMER SERVICE IS GOING TO INSTALL A NEW WELL AND MAKE IMPROVEMENTS AND INTENDS TO DO THIS WITH THE ADDITIONAL CHARGES IF GRANTED, THE PEOPLE THAT ARE ON THE SYSTEM NOW WILL NOT BE AFFECTED BY THE INCREASED HOOK- UP CHARGE - LAUREL HOME BUILDERS WILL BE AFFECTED BECAUSE THEY WILL BE CHARGED THIS HOOK-UP FEE IN THE FUTURE. THESE CHARGES WILL GIVE THE CORPORATION A RESERVE TO MAKE THE IMPROVEMENTS AND DRILL THE ADDITIONAL WELL. `CHAIRMAN WODTKE ASKED IF ALL OF THE FRANCHISE AREA IS OWNED BY LAUREL HOMES. TOM SHUTTS STATED THAT THEY PRESENTLY HAVE PLATTED I24 LOTS IN UNITS I AND 2 AND ABOUT 64 REMAIN TO BE CONSTRUCTED. THERE IS ADDITIONAL ACREAGE IN THE FRANCHISE AREA THAT HAS NOT BEEN PLATTED. LAUREL BUILDERS OWNS ALL THE LOTS NOT SOLD AND THE ADDITIONAL ACREAGE, COMMISSIONER SCHMUCKER FELT $1,000 IS A VERY HIGH FEE, AND ATTORNEY BOGOSIAN STATED THAT THIS IS ACTUALLY MORE OF A BOOKKEEPING MANIPULATION THAN ANYTHING ELSE, AND HE FELT IT IS BETTER THAN LEVYING ADDITIONAL RATES ON THE CUSTOMERS. CHAIRMAN WODTKE PERSONALLY FELT THI.S IS THE PROPER WAY FOR THIS TO BE DONE, BUT NOTED THAT THE CUSTOMERS WHO BUY THE HOUSES WILL PAY THE PRICE FOR THE EXPANSION AND ASKED IF THE COMPANY DOWN THE LINE WILL BE LOOKING FOR A RETURN ON THE MONEY THOSE PEOPLE PAID IN. ATTORNEY BOGOSIAN STATED THAT HE COULD NOT ANSWER THAT, BUT FELT THIS IS THE ONLY SENSIBLE APPROACH SO THEY CAN OPERATE ADEQUATELY AND NOT HAVE TO COME BACK AND ASK FOR INCREASED RATES TO MAKE IMPROVEMENTS LATER. HE FELT THIS WILL BE A VIABLE,SOUND SYSTEM AND NOTED THAT IT IS NOT CHARGING THE MAXIMUM RATES ALLOWED. COMMISSIONER SIEBERT STATED THAT HE UNDERSTANDS THE CHAIRMAN'S CONCERN, BUT FELT THE IMPACT WILL BE MINIMAL BECAUSE OF THE WAY THEY ARE DOING IT, AND POINTED OUT THAT IT WOULD AVOID HAVING A RATE INCREASE TO MAKE CAPITAL IMPROVEMENTS. wi 337