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WE COULD EXPECT ADDITIONAL LOAN FUNDS OVER AND ABOVE THOSE ALREADY <br />COMMITTED, AND HE WAS INFORMED THAT THE MONIES REMAINING IN FMHA's <br />1981 FISCAL BUDGET FOR LOANS IS ZERO. OF THE 20 MILLION COMMITMENT <br />MADE BACK IN THE EARLY 70'S, 8.2 MILLION WAS ALLOCATED FOR WATER AND <br />THE REMAINDER FOR SEWER; OF THE 8.2 MILLION COMMITMENT FOR WATER, <br />THE COUNTY HAS ONLY 1.959 MILLION REMAINING ON THE BOOKS. UNDER <br />FMHA REGULATIONS, MONEY SET ASIDE FOR SEWER CANNOT BE TRANSFERRED TO <br />WATER ACCOUNTS. THIS, THEREFORE, LEAVES A CONSIDERABLE DEFICIT IN <br />THE 4.5 MILLION PROGRAM DESIGNED TO SUPPLY WATER TO SOUTH BEACH <br />AT BUILD -OUT. <br />IN LIGHT OF THIS INFORMATION, ENGINEER ROBBINS SUGGESTED <br />THAT HE BE AUTHORIZED AT THIS POINT TO LOOK INTO THE FEASIBILITY OF <br />TAKING THE EXISTING CONNECTIONS (SOME 850 TIED INTO THE 12" LINE), <br />BRINGING A LINE ACROSS THE RIVER FOR ABOUT 1.6 MILLION TO T_IE INTO <br />THE EXISTING 12" LINE, AND UTILIZING IT ALONG WITH THE GROUND STORAGE <br />TANK AS LONG AS POSSIBLE; THEN, AT THE TIME WHEN IT BECOMES NECESSARY <br />TO EXTEND THE LINE FURTHER SOUTH OR MAKE IMPROVEMENTS FOR MORE DEVELOP- <br />MENT, THE COUNTY MIGHT CONSIDER GOING TO THE PRIVATE MONEY MARKET <br />BASED ON THE IDEA THAT THE ADDITIONAL REVENUE GENERATED COULD BE USED <br />TO FLOAT REVENUE BONDS FOR IMPROVEMENTS TO THE SOUTH BEACH AREA. <br />MR. ROBBINS FURTHER NOTED THAT THE FMHA PROJECTION FOR 1982 IS THAT <br />THERE WILL BE ABOUT A 50o CUT IN LOAN MONIES AVAILABLE; HOWEVER, <br />IF WE FILE NOW AND ESTABLISH OURSELVES ON A PRIORITY BASIS, WE COULD <br />BECOME ELIGIBLE FOR ADDITIONAL LOANS IN NOVEMBER. <br />COMMISSIONER SCURLOCK NOTED THAT IN OUR DISCUSSION RE CITY <br />VS. COUNTY PROVIDING THE CROSSING, IT WAS AGREED THAT ONE OF THE <br />BENEFITS WAS THAT THE COUNTY HAD THE ABILITY TO DO WON 5% MONEY. <br />IN TERMS OF INITIAL CONSTRUCTION, THE CITY COULD DO IT CHEAPER, BUT <br />WITH THE COST OF MONEY, IT WOULD BE CHEAPER FOR THE COUNTY TO DO IT <br />IN THE LONG RUN. COMMISSIONER SCURLOCK DID NOT BELIEVE IT PAYS TO <br />ENGINEER FOR PARTIAL SERVICE AND THAT NOW IT MAY HAVE SWUNG BACK TO <br />WHERE IT MIGHT BE A PLUS FOR THE CITY TO SERVICE THE AREA SINCE THE <br />COUNTY RATE STRUCTURE WOULD BE HIGHER. <br />57 Rona 6 RA^F 975 <br />