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0 C 5 1983 <br />t k <br />corporation and thereafter approach <br />the County <br />for the <br />issuance of industrial revenue bonds or some other revenue <br />bond type financing. Our bond counsel has been contacted <br />and has indicated several feasible alternatives, one of <br />which would be for the developers to form a corporation with <br />each developer giving the corporation certain guarantees of <br />revenues and other money sources. This then would be <br />combined into a package by that corporation, and the source <br />of revenue for the bonds would be the guarantee of that <br />corporation only. There would be no rates or other sources <br />of revenue pledged by the County and the bonds would be <br />privately placed. <br />Attorney Brandenburg felt that another potential to be <br />considered would be for the developers who are interested in <br />the initial construction of that line to voluntarily request <br />assessment of their properties over the years as a source of <br />revenue. He reported that the developers have approached <br />the County in this regard; staff is working with them and <br />wish to know if the Board has any suggestions as to how to <br />proceed. <br />Vice Chairman Scurlock agreed with the concept for <br />service to .those areas and felt that all the vehicles <br />mentioned by Attorney Brandenburg should be explored and <br />brought back to the Board at the appropriate time for <br />action. He pointed out that Phase VI at Village Green was <br />not included in any franchise, which would add approximately <br />600 units to this water line, making it more economically <br />feasible. <br />Commissioner Lyons asked what could be put together the <br />quickest and safest, as far as the County is concerned. <br />Attorney Brandenburg felt that the easiest and quickest <br />route to go would be the voluntary assessment route, and he <br />suggested that we lay the various approaches out before the <br />developers to see which way they want to go. Prior to the <br />11 <br />