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4 Dale Crosby, Vice President of Florida Land Company, stated for the record that Florida Land Company since February has taken the lead on the proposition for an overall North Beach water system; everything they have done in dealing with water supply for the North Beach area has been geared toward a common North Beach utility company, and a lot of time, money and energy has been spent to see that this comes to fruition. Mr. Crosby detailed what they have been through, including selecting engineers for design of the water plant, and stated they are now at the point where they are ready to contract to drill a well which will be situated half -on Florida Land Company property and half on Sea Oaks property. He pointed out that if this well were just for Florida Land Company, it not only would be in a different location, but it would be half the size; and before drilling this well, they would like to have some assurance that North Beach Water Company will be approved by the Board. Mr. Crosby informed the Board that he has a letter from Attorney Caldwell stating that Sea Oaksisfully in support of North Beach Water Company as is Florida Land Company, and these two companies by themselves represent 800 of the development interests on the North Beach. The "roll-over" provision they are proposing suggests that the North Beach Water Company franchise would be granted within 30 days and ties it together so that River Bend is obligated to be part of the North Beach Water Company. Commissioner Fletcher had questions about the proposed well, and Gerald Chancellor, Utilities Manager of Florida Land Company, informed the Board that they have a consumptive use permit from St. John's River Water Management District, and they are planning to put down a 16" well to a total depth of 800 to 900 feet into the Floridan aquifer. The well site is being moved as close as possible 46 to the river at the recommendation of the geologist and well JUN 21982 a®a 49, PAbE 9 ° 46