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M <br />that a wedge of property with individual homes on it is between <br />this property and the canal, which eliminates the use of effluent <br />d i*sposa I . <br />Commissioner Bowman did not think the effluent disposal was <br />a viable.idea anyway, because she felt the property is much <br />better suited for a preserve with passive recreation and perhaps <br />an outside laboratory, demonstration plot, etc. <br />NORTH COUNTY WASTEWATER ASSESSMENT <br />Chairman Scurlock gave a brief update on the north county <br />wastewater project, which will eliminate approximately 15 package <br />plants in the area, and pointed out that the thing that has been <br />holding us up is the recent tax law changes which affect the <br />special assessment process. We have been working with a number <br />of interested underwriters in terms of various approaches to the <br />new laws, and after meeting yesterday with our bond counsel, our <br />financial advisor, Director Baird, the Administrator, and <br />Utilities staff, we came up with a time schedule working back <br />from validation. We are looking at January 28, 1988 for a <br />tentative bond closing on this issue, and that tracks ail the way <br />back to August 25, 1987, which will be the first time the <br />Commission takes some action to put us in position to issue these <br />bonds. <br />AUG4" i } i <br />29 <br />BOOK 72- <br />