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jUN 10 1966 Bou 64 Director Baird explained that the above memo is for information purposes only and all the numbers are subject to change because they are very preliminary. Chairman Scurlock noted that the list does not include any bond anticipation notes. For example, we will need some interim financing for the Gifford sewer project. Director Baird advised that was listed under Utilities as a Gifford sewer project. The bans will roll into the permanent financing from FmHA. Chairman Scurlock just wanted the Board to understand that on some of these projects we are going to have something other than just permanent financing. We have looked at the pool concept and analyzed it to the point that the pool or local banks are just not competitive, and feel the best approach would be a bond anticipation note. Director Baird explained that the assessments mentioned under Utilities is the mechanism we will use to raise the funds for a particular project, such as the SR -60 water and sewer assessment liens. Commissioner Wodtke emphasized that the Landfill and Utilities are really enterprise accounts, and Director Baird pointed out that the Landfill figure of $4.5 million is very subject to change, because it depends on the ever-changing DER requirements. Chairman Scurlock understood that basically all we are looking at for tax support is the library, the minimum -security facility, the Sheriff's building, and the health building, and if we are going to build these projects as listed, we are going to need monies beyond the $9.85 million. The other options, obviously, are to curtail a project or not build it at all. Since the minimum -security facility is already designed and the contract is ready to be signed, the flexibility there is not great. There is a little flexibility in the Sheriff's Building with the ancillary facilities such as the evidence area of 8