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JUL <br />1419G7 <br />BOOK <br />Mr. <br />Chancellor stated they did not, and they also <br />never <br />got <br />a letter advising them of any deficiency whatsoever in the past <br />seven years until this last week. <br />Attorney Vitunac asked if they have any plans of providing <br />such a sinking fund if the franchise is extended. <br />Mr. Chancellor did not know what the county is really <br />intending to give them since he has not seen a document <br />purporting to be the new proposed Bent Pine franchise other than <br />the recommendations which he just saw this morning. <br />Attorney Vitunac wished to know, if, in fact, the Board <br />extended the exact same franchise they are already operating <br />under, would Bent Pine then be prepared to furnish a $30,000 <br />sinking fund. <br />Attorney Sundstrom stated that he was not sure he would be <br />advising his client to sign the same franchise as that might be <br />construed as giving away $800,000 worth of pipe that they own <br />today, and they are going to Circuit Court because they are in <br />doubt about their rights and obligations and want the court to <br />construe them. He, therefore, felt he would be derelict if he <br />advised his client to sign the same document-, which, in effect, <br />would be a taking. <br />Attorney Vitunac felt Attorney Sundstrom had said at the <br />beginning that there were two options - 1) for the county to buy <br />them out or 2) for the franchise to become permanent. <br />Attorney Sundstrom commented that, as Mr. Scurlock <br />apparently felt earlier, the language is somewhat ambiguous. <br />Obviously he feels the word permanent is "permanent," and the <br />County's action to fail to exercise an option to acquire amounted <br />to a statement to Bent Pine that all the restrictions contained <br />in the old franchise are "bye-bye." <br />Attorney Vitunac wished clarification as to what Attorney <br />Sundstrom is saying. Is he saying they are not going along with <br />the statement of the original two options and they would not take <br />this.franchise if we extended it as they requested? <br />58 <br />