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A <br />Director Pinto explained that the language in question <br />is in regard to the requirement for GDU to pay some kind of <br />deposit on a unit basis. He is suggesting we not do that <br />'# and instead require GDU to pay the County base facility <br />charge per unit monthly in advance. This would be similar <br />to what the telephone company does. <br />Commissioner Scurlock noted that he is just.interested <br />in getting the money up front to be protected, and both he <br />and the Administrator agreed that would cover us. <br />Mr. Fancher, Vice Pres. of Finance for GDU, was not <br />exactly clear as to what Mr. Pinto was suggesting. <br />Mr.Pinto explained that he is only saying that as the <br />customers are connected to the system,'or if the company <br />wants to reserve capacity or buy allocation, those customers <br />will be paying a base facility charge that would be paid to <br />us monthly, but it would be an advance payment instead of <br />after the fact. <br />Administrator Wright asked if this would be in lieu of <br />a deposit, and Mr. Pinto stated that it would. He continued <br />that we are talking about something in the neighborhood of <br />$5.50 for a base facility charge that would be paid in <br />advance for the customers who are connected or those for <br />whom allocations are purchased. <br />Administrator Wright noted that a customer deposit <br />would amount to about $60,000 based on 1200 units, and we, <br />therefore, are saying that if GDU will pay a base facility <br />charge up front, we will recommend they do not pay the <br />deposit. <br />Mr. Fancher brought up the possibility of providing a <br />surety bond for the normal deposit amount, but Mr. Pinto <br />stated that his suggestion still would be that they pay the <br />base facility charge in advance; we really want the money up <br />front. <br />101' <br />DEC"7 <br />1983 a 5 F� <br />