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PROMISSORY NOTE - CONSTRUCTION OF SOUTH COUNTY WATER SYSTEM <br />Attorney Brandenburg reported to the Board that the <br />Finance Department has advised that we enter into some <br />arrangement to make payments to our contractors while we are <br />awaiting receipt of the grant funds for the South County <br />water system, and he recommended that the Board authorize <br />the issuance of -a promissory note pledging the grant funds <br />in the amount of $300,000 to mature in 60 days. <br />ON MOTION by Commissioner Lyons, SECONDED by <br />Commissioner Bird, the Board by a 4 to 1 vote, <br />Commissioner Fletcher voting in opposition, <br />adopted Resolution 82-90 authorizing the <br />issuance of a promissory note in the amount <br />of $300,000 as recommended by the Attorney <br />and the Finance Department. <br />27 <br />SEP 15 1992 0 51 AGE 4 <br />