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M M <br />project with the Army Corps of Engineers, who advised that <br />it would be a long time before the money for the project <br />would be available. Each committee should get involved with <br />some phase of the funding, and he wondered if it would be <br />possible to utilize the expertise of the Finance Advisory <br />Board in this matter. <br />Finance Director Barton reported that the City was <br />trying to lobby to have the sabecon reef restored to the <br />project - they would prefer both the pumping and the sabecon <br />reef. <br />Discussion followed, and it was determined that the two <br />projects complemented one another. <br />Commissioner Lyons stated that this was a research and <br />development project, and the Corps of Engineers indicate <br />that you get ten years worth of beach every time it is - <br />pumped. He stated that the only way he knew how to restore <br />the beach was to pump. <br />Commissioner Wodtke stated he would like for the <br />committee to come up with alternatives as well as cost <br />figures, and they need involvement from the City. He noted <br />that the key to the project was how it was to be funded. <br />Commissioner Bird agreed it would be a complex formula. <br />The Chairman felt they would have to look at some <br />alternate financing. <br />Commissioner Fletcher argued that they were putting the <br />question in the form of "how do you want to pay for it" and <br />not "how do you want to do it." <br />Debate continued, and it was stressed how important it <br />was to consider beach preservation. <br />COMPLAINT REGARDING HUTCHINSON UTILITIES, INC. AND THE <br />MOORINGS DEVELOPMENT CO. <br />The Board reviewed the letter dated November 22, 1982 <br />from Attorney Jerome F. Kramer, as follows: <br />DEC 11982 32 Qac 2 PA�1 18 <br />