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PURCHASING MID FLORIDA UTILITIES, AND HE INFORMED THE REPRESENTATIVE <br />THAT THE COUNTY WOULD BE INTERESTED IN DISCUSSING THIS POSSIBILITY <br />BUT NOT WHILE WE WERE INVOLVED IN THE RATE HEARINGS. THE CHAIRMAN <br />POINTED OUT THAT AT THE SECOND RATE HEARING MID FLORIDA TOOK A <br />TOTALLY DIFFERENT APPROACH, AND ALL OF A SUDDEN, THE TESTIMONY <br />WAS THAT THE DISTRIBUTION SYSTEM WAS IN EXCELLENT SHAPE. <br />CHAIRMAN WODTKE CONTINUED THAT RECENTLY MID FLORIDA <br />REPRESENTATIVES HAVE VISITED ADMINISTRATOR .KENNINGS AND HAVE•STATED <br />THAT THEY WERE GOING TO UPGRADE THE SYSTEM, IMPROVE THE WELLS, THE <br />QUALITY OF THE WATER, ETC. THEY WERE ASKED TO CONFIRM THIS IN <br />WRITING, BUT SUCH CONFIRMATION HAS NEVER BEEN RECEIVED. THE <br />CHAIRMAN NOTED THAT AT THE PRESENT TIME, MID FLORIDA HAS LOST ONE <br />OF THE WELLS THEY WERE UTILITZING; APPARENTLY COMPLETELY AND FOREVER, <br />WHICH LEAVES THEM WITH JUST ONE WELL. THE CHA RMAN INFORMED THE <br />BOARD THAT TWO WEEKS AGO, HE, THE ADMINISTRATOR, THE ATTORNEY AND <br />ENGINEER BEINDORF, MET WITH MID FLORIDA TO DISCUSS A PROPOSAL FOR <br />THE COUNTY TAKING OVER MJ D FLORIDA UTILITIES. AT THIS TIME MID <br />FLORIDA CAME UP WITH A FIGURE OF $400,000 WHICH THEY STATED WOULD <br />BE THE COST OF PUTTING IN NEW WELLS OR THE COST OF A NEW TREATMENT <br />PLANT, CHAIRMAN WODTKE INFORMED THE BOARD THAT IN 1973 WHEN WE <br />WERE IN A COUNTY WIDE SEWER AND WATER STUDY, THE ESTIMATE DOCUMENTED <br />ON BEHALF OF THE COUNTY FOR THE MID FLORIDA SYSTEM WAS $381,000. <br />MID FLORIDA AT THAT TIME HAD A PRICE OF $650,000. THE CHAIRMAN <br />CONTINUED THAT MID FLORIDA HAS NOW PRESENTED HIM WITH A STUDY AND <br />A PROPOSAL ON THE CURRENT SYSTEM, WHICH SHOWS AN ORIGINAL PRICE <br />OF $540,000, A CURRENT BOOK VALUE OF $409,700 AND A REPRODUCTION <br />COST AS OF FEBRUARY 1974, OF $729,000. CHAIRMAN WODTKE INFORMED <br />THE BOARD THAT HE HAS SINCE HAD FURTHER CONVERSATION WITH LEWIS <br />MASOTTI, A VICE PRESIDENT OF GENERAL WATERWORKS CORPORATION, WHO <br />HAS INDICATED THAT A FIGURE OF $250,000 WOULD BE ACCEPTABLE, AND <br />THIS IS THE FIGURE HE WISHES THE BOARD TO CONSIDER AND DECIDE WHAT <br />STEPS TO TAKE NEXT - WHETHER TO ACCEPT, CONTINUE TO NEGOTIATE, OR <br />COMPLETELY REJECT THE PROPOSAL, <br />33 <br />SEP 0 6 1978 bb <br />