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CHAIRMAN SIEBERT AGREED AND SUGGESTED THAT A SENTENCE BE <br />ADDED TO THE PROPER PARAGRAPH STATING THAT THOSE CONNECTIONS WILL BE <br />MADE WITHOUT HAVING TO WAIT FOR THE EXPIRATION OF THE THREE MONTH <br />ADVERTISING PERIOD, THE BOARD CONCURRED, <br />ATTORNEY COLLINS THEN NOTED THAT THE NEXT TO LAST PARAGRAPH <br />STATES THAT "IF THE PLANT CAPACITY IS USED UP BEFORE AN APPLICATION <br />IS ACCEPTED, THE DEVELOPER WILL BE GIVEN THE OPTION OF HAVING HIS <br />AGREEMENT RESCINDED AND THE IMPACT FEES REFUNDED OR HAVING THE AGREE- <br />MENT AND PRIORITY LEVEL REMAIN IN EFFECT UNTIL SERVICE CAN BE PRO- <br />VIDED," ATTORNEY COLLINS FELT WE SHOULD NOT GIVE THE DEVELOPER THAT <br />OPTION AND SHOULD NOT ACCEPT FEES BEYOND OUR EXISTING CAPACITY, HE <br />CONTINUED THAT IF THE DEVELOPER WANTS SERVICE AND WE HAVE A LIMITED <br />CAPACITY, IF HE IS ON THE PRIORITY LIST, WE WOULD GIVE HIM UP TO <br />THE EXTENT WE HAVE AND STOP THERE. <br />COMMISSIONER LYONS AGREED THAT THERE SHOULD BE A CLEAN CUT-OFF, <br />ORNEY COLLINS SUGGESTED THAT THE NEXT TO LAST PARAGRAPH <br />T REFUNDING OF IMPACT FEES, ETC., BE STRICKEN AND A STATEMENT <br />PUT IN ITS PLACE THAT NO WATER OR SEWER WILL BE ALLOCATED BEYOND <br />EXISTING CAPACITY. <br />THE BOARD AGREED. <br />ON MOTION BY COMMISSIONER LYONS, SECONDED BY COMMISSIONER <br />Loy, THE THREE BOARD MEMBERS PRESENT UNANIMOUSLY APPROVED THE REVISED <br />PROPOSED PRIORITY SYSTEM FOR CONNECTION TO THE COUNTY DATER SYSTEM <br />AS AMENDED. <br />SAID PRIORITY SYSTEM WILL BE MADE A PART OF THE MINUTES <br />WHEN COMPLETED. <br />UPDATED REPORT RE BOND ANTICIPATION NOTE FINANCING FOR SOUTH COUNTY <br />WATER DISTRICT <br />ATTORNEY COLLINS COMMENTED THAT AT THE LAST MEETING WE HAD <br />A PROPOSAL FROM SMITH BARNEY, HARRIS UPHAM & CO., WHICH THE BOARD <br />HAD APPROVED SUBJECT TO THE DELETION OF THE TRUSTEE REQUIREMENT. <br />HE REPORTED THAT SINCE THEN HE HAS HAD A JOINT MEETING WITH REPRE- <br />SENTATIVES OF SMITH BARNEY AND OUR BOND COUNSEL, AND THE TRUSTEE <br />REQUIREMENT WAS DISCUSSED. SMITH BARNEY'S POINT OF VIEW WAS THAT <br />THE COSTS OF THE TRUSTEE WERE MINIMAL IN COMPARISON TO THE INCREASED <br />NOV 51980 <br />81 BOOK y 4-3 PAGE RJU <br />