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Commissioner Bird was also concerned about any improvements that might be required on U.S. #1 because of the development of this project. He felt we need to do a little preliminary research in that area so that we don't get into a tremendous expense on the U.S. #1 corridor. Attorney Vitunac advised that there are several ways to borrow the money once there is an affirmative vote of the people, i.e., bond anticipation note, tax anticipation note, M.S.T.U. , special district, general fund, and even revenue bonds if the Board thinks this park will make revenue. There are at least 6 different ways to do this, and if the Board will give some direction, staff can define those options. Commissioner Bird understood that staff would look at all those options in their review. He pointed out that we have about 90,000 people in this county, and felt the only problem with a binding referendum is that a person who pays $10,000 in taxes has one vote just like the person who pays zero tax. Unfortunately, a referendum may be the only or best vehicle we have to get a k reading from the taxpayers in this County as to whether they are willing to support such a project. Commissioner Scurlock emphasized that is the reason he likes the 1 -cent optional sales tax. Attorney Chandler asked if there was any flexibility in the 45 -day timeframe from Mr. Ewing, and Mr. Fletcher advised that the $2.5 million price was based on a referendum situation, but felt that if Mr. Ewing senses a genuine interest from the County Commission, there is a possibility of negotiating a better price. Commissioner Bird asked again for assurance that MJGPS would handle the restoration, maintenance, and operation of this site in the future, and Mr. Fletcher confirmed that they have within their members the expertise to do that. Their plan is to raise $1 -million to place in an permanent endowment fund that in turn would generate $75,000-$90,000 a year for the base operation and 19 APR 2 51989 EUOK FauE 6S9