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Mr. Terrance G. Pinto -2- <br />August 1, 1983 <br />Our Mr. William A. Duynslager has been involved in many such <br />evaluations. Most involvements have ended in reaching successful <br />purchase arrangements by the municipality. In some cases, the <br />seller did not agree to sell and the municipality did not agree to <br />purchase because the system simply would not pay its own way. We <br />recently concluded a successful similar assignment in Citrus County <br />as a representative of the seller. In that case, we had to demon- <br />strate to the seller that the County only pay what the system it- <br />self would financially support. <br />We propose to conduct a cash flow evaluation, furnish ten <br />copies of our report and join you in one meeting with the sellers <br />to review our report for purposes of reaching a successful con- <br />clusion in acquiring the utility. We would accomplish this in <br />three weeks for a fee, based on actual time and expenses, that <br />would not exceed $3,800. <br />If you would like us simply to perform a routine evaluation <br />of the system's depreciated replacement cost, our fee would not <br />exceed $1,000, and the work would be completed in about one week. <br />We are looking forward to assisting you with this acquisition <br />and helping to develop the County's water resources plan. <br />Sincerely yours, <br />GREELEY AND HANSEN <br />Robert Del Re <br />RDR:bh <br />