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Commissioner Lyons stated that he did not want to go to <br />a public hearing and then have our debate; that it would be <br />better to thrash this out now. <br />Commissioner Bird asked if we were to put this on the <br />agenda for next Wednesday so that staff could have final <br />figures then, if that would give us sufficient time to <br />advertise. <br />Attorney Brandenburg stated that it would not, but <br />pointed out that if the ad were left open, the Board then <br />could discuss this further and come into the public hearing <br />with a definite figure which could be resolved next week. <br />Commissioner Bird agreed with Commissioner Lyons that a <br />definite figure should be advertised before the public <br />hearing. <br />Commissioner Lyons withdrew his Motion. <br />Finance Director Barton emphasized that something must <br />be done on September 29th or we will be in -default on the <br />bonds, which not only would affect our credit rating, but <br />could be very expensive. <br />Discussion continued at length about various rates, <br />ranging from 8 + 2 to 9k + 2; the fact that the financial <br />people are convinced that the 8 + 2 is inadequate and will <br />only put us further behind; the fact that we have had to use <br />the impact fees to keep going and have no way to recoup; and <br />also the point the if FmHA should feel the grant money were <br />in jeopardy, they might take it back. <br />Motion was made by Commissioner Lyons, seconded by <br />Commissioner Bird, to advertise the rate to be 9 plus the <br />inverse rate and not get involved with the monthly capacity <br />reservation charge until we have had further study. <br />Further discussion ensued as to the fact that this is <br />only a residential rate, and we told FmHA we would charge 12 <br />and 3 for commercial. <br />13 <br />51. Pmot <br />S E P 18 1982 <br />� <br />I <br />