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AGENDA BECAUSE THE FUNDING BANK WHO WAS GOING TO BE PUTTING UP THE <br />LARGEST SHARE OF THE LONG TERM CAPITAL HAD A FEW QUESTIONS. MR. <br />SALTER STATED THAT HE DID NOT GET PUT ON THE AGENDA, BUT HE DID HAVE <br />A PRIVATE WORK MEETING AT ATTORNEY COLLINS' OFFICE WITH COMMISSIONER <br />WODTKE AND MR. BEINDORF, AT WHICH TIME HE TOLD THEM OF HIS INTENTION <br />TO INSTALL THIS SEWAGE TREATMENT PLANT WHICH ALREADY HAD BEEN PURCHASED <br />AND NOTED THAT ALL HE WANTED AT THAT TIME WAS SOME SORT OF TIMETABLE <br />BY VIRTUE OF THAT FACT THAT THE COUNTY IS GETTING INTO THE WATER <br />BUSINESS AND THE BANK NEEDED TO SET AN AMORTIZATION SCHEDULE ON THE <br />LOAN. MR. SALTER STATED THAT IT WAS DURING THAT MEETING THAT HE WAS <br />INFORMED THAT THERE WAS NO SUCH TIMETABLE OR NO SUCH INFORMATION COULD <br />BE PROVIDED HIM, AND THAT ALSO WAS THE FIRST TIME HE LEARNED OF <br />RESOLUTION 76-321 WHICH RESOLUTION PLACES A LEGAL TITLE CLOUD OVER <br />EVERY ASSET, EVERY PIECE OF PROPERTY, EVERYTHING THE COUNTY OWNS, <br />HOLDS OR HAS ANY RIGHTS T0, INCLUDING THE FRANCHISE, THE RIGHT TO <br />SERVE CUSTOMERS, THE WATER MAINS, THE EASEMENTS, ETC. HE CONTINUED <br />THAT HE WAS GREATLY TAKEN ABACK BY THIS BECAUSE "OBVIOUSLY HE OWNED <br />THE BROOKLYN BRIDGE," AND HE SAID "YOU DONT REALLY MEAN THIS," BUT <br />THE BASIC RESPONSE WAS THAT "WE MOST CERTAINLY DO MEAN IT; WE ARE <br />GOING TO TAKE YOU OVER AND FOR GRATIS, I.E., WE ARE GOING TO CONFISCATE <br />YOU. WE DONT KNOW WHEN, BUT WE ARE GOING TO DO IT." <br />MR. SALTER WENT ON TO SAY THAT THE BANK, UPON LEARNING OF <br />THIS, CALLED ALL THE LOAN THAT WAS OUTSTANDING,, AND IN ORDER TO <br />SATISFY THE BANK LOAN, HE HAD TO SELL THE NEW SEWAGE PLANT AT A LOSS. <br />IN SPITE OF THIS, MR. SALTER STATED THAT HE STANDS READY, WILLING <br />AND ABLE TO PURCHASE AND INSTALL A PLANT TO MEET DER STANDARDS, IF <br />THE COUNTY WILL GIVE HIM SOME TIMETABLE AS TO WHEN THEY WILL BE IN <br />THE WATER''BUSINESS IN THE SOUTH COUNTY AND ASSURE HIM THAT THE <br />REVENUES OF THE COMPANY, THE SEWAGE TREATMENT.,PLANT, OR LINES WILL <br />NOT BE CONFISCATED WITHOUT PAYMENT. AT A MEETING ON FEBRUARY 27TH, <br />HOWEVER, WITH ATTORNEY COLLINS AND CHAIRMAN LYONS, HE COULD GET NO <br />SUCH ASSURANCES, AND IN FACT, CHAIRMAN LYONS PUT A DOLLAR BILL ON <br />BOOK, <br />46 WE 74 <br />