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the County Commissioners paid $777,00 for a little system with <br />only 80 units on it. He asked Attorney Vitunac if there is <br />anything we could include in the agreement that would give <br />Commissioner Bird a little more comfort, and Attorney Vitu.nac <br />advised that you can emphasize that not one dollar of public <br />funds is being spent to buy this system. We are taking over <br />their system August 1, 1989, and they are giving it to us for the <br />promise for us to charge their own customers $10.00 a month to <br />pay back to them for 10 years. <br />Director Pinto didn't want to reopen the negotiations on the <br />agreement and have to go back and get Nelson Hyatt's signature <br />again. If there could be an addendum, that would be fine. <br />Commissioner Bird stated he was convinced after talking with <br />Director Pinto yesterday and hearing all of this in—depth <br />dialogue today re impact fees, future connections, etc., that the <br />acquisition is basically a good deal for the County Utility <br />Division and that he would vote to approve the agreement. <br />Commissioner Bowman asked why the surcharge is to be in <br />effect for no more than 10 years, and Director Pinto explained <br />that we don't want them to receive more than what we think the <br />value of the system is. <br />ON MOTION by Commissioner Scurlock, SECONDED by <br />Commissioner Bird, the Board unanimously approved <br />the purchase agreement at a price not to exceed <br />$777,000 with the understanding that it is the <br />developer's responsibility for any expansion of pipe <br />lines within that system. <br />PURCHASE AGREEMENT IS ON FILE IN THE OFFICE OF THE CLERK TO THE <br />,JUL 11 1999 32 BOOK, *7 <br />