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Stan Keely, Vice President of WCG, Inc., <br />gave a brief summary of the negotiations with <br />MWI Properties and noted that the purchase price <br />had been negotiated down from $4 million to <br />$2,798,000 with the provision that the purchase be <br />conducted under condemnation procedures for tax <br />purposes. <br />Chairman Ginn inquired who would pay the <br />taxes, and Mr. Keely stated that the taxes are <br />addressed in the contract. <br />Director Olson commented that the Master <br />Plan deals with the abandoned C-5 Canal and the <br />DECEMBER 18, 2001 <br />—5— <br />S <br />W <br />D <br />D <br />