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FEB 3 1997 <br />Bt70K 67 <br />up the outstanding escrow fees,.file a plan of action, and issue <br />a letter of credit, and Director Pinto pointed out that those <br />other franchises could argue they have done what was asked and <br />now we are letting this franchise not comply. He felt if Mr. <br />Muller wishes to issue an irrevocable letter of credit and pay up <br />within six months in equal installments, that would be satisfac- <br />tory. <br />Discussion ensued regarding Reflections negotiating sale of <br />their plant to the county, and Chairman Scurlock explained that <br />this also involves plant capacity Reflections has purchased from <br />General Development Corporation. <br />Director Pinto noted that amount owed to us by Reflections <br />is $159,000, and the amount we are receiving from GDC in <br />assignment of that capacity is $215,000. <br />Mr. Muller continued to protest that all he wants is to be <br />treated the same as others and argued that he has lived up to the <br />agreement. He asked that the Board just forget the letter of <br />credit and let him pay by installments the same as Pelican <br />Pointe. <br />Director Pinto stated that if Mr. Muller wants to handle <br />this the same as Pelican Pointe, that involved a letter of <br />credit; so, let's get the letter of credit and allow six months <br />to pay. <br />Mr. Muller noted that Pelican Pointe got 12 months, and <br />Director Pinto pointed out that Mr. Muller already has used up 8 <br />months. <br />MOTION WAS MADE by Commissioner Eggert, SECONDED by <br />Commissioner Wheeler, to allow Mr. Muller to put up an <br />irrevocable letter of credit and have six months to pay <br />or else face a $50 a day penalty plus the restriction of <br />the River Run franchise down to what we are serving now. <br />34 <br />