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5/12/1987
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5/12/1987
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Meetings
Meeting Type
Regular Meeting
Document Type
Minutes
Meeting Date
05/12/1987
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Chairman Scurlock emphasized that Sebastian's participation <br />was the key to organizing a regional wastewater system for the <br />area, and felt that Sebastian deserves a lot of credit. <br />Rather than going through the Feasibility Report page by <br />page, Mr. Masteller said he would just point out that pages 25 <br />and 26 of the Feasibility Report list line items, quantities, and <br />descriptions relative to the construction of the project. <br />Chairman Scurlock noted that no mention is made of the <br />interest during construction, and Mr. Masteller confirmed that <br />two things are missing in that respect. The estimate does not <br />include any funds to cover interest during construction or <br />financing expense. In order to add those elements to the study, <br />as it moves toward more detailed finalization, they would have to <br />coordinate that with Director Baird. <br />Director Pinto wished to comment on the interest during <br />construction. This is a unique project and we devised a unique <br />way to fund the project. The assessment is based on the impact <br />fee times the number of units, plus the amount of interest that <br />the borrowing has caused; thus, the actual interest is,built into <br />the assessment, not into the project. <br />Chairman Scurlock felt it should be made clear that this <br />assessment is for the core system and there are additional costs <br />for the internal system, which is not a part of this project. <br />Commissioner Eggert asked just how far west this system <br />would ultimately go, and Mr. Masteller advised that this is the <br />first phase and the system can be expanded to serve further <br />north, south and west. <br />Mr. Masteller apologized for only hitting the high points <br />today, and suggested that possibly the Board might wish them to <br />come back after they have had a chance to review these reports in <br />detail. However, he was glad that Chairman Scurlock raised the <br />point about the core system, and explained that this system is <br />basically the same system that was used on the SR -60 project, <br />45 <br />MAY 12 987 Boas <br />L— <br />
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