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BOOK 79 F'A.rE 906 <br />Commissioner Scurlock asked if Administrator Chandler felt <br />comfortable in allocating the monies that are in the cash carry <br />forward, which is basically a contingency or reserve fund, and <br />Administrator Chandler stated he was and believed we have a total <br />of $1.5 million or $1.6 million in cash forward. <br />Commissioner Scurlock assumed, if it were deemed the right <br />thing to do with utilities and the acquisition of land for the <br />water treatment site, that there still would be an ability to <br />possibly generate some dollars in a swap, if in fact, everything <br />goes well. <br />Administrator Chandler felt that there would if everything <br />falls into place in terms of the sites with regard to whether the <br />north is usable, and, more importantly, whether we can get <br />approval for a release on that property to use for utility <br />purposes since it is now just to be used for open space and park <br />purposes. The release is going to be one of the keys on that <br />part of it, but this keeps it open and alive. <br />Commissioner Scurlock pointed out that $14,000 for 10 acres <br />would amount to $146,000, which would certainly help since we are <br />still trying to build another 9 or 18 holes at Sandridge Golf <br />Course. So, based on all of that, he felt it would be <br />appropriate for Commissioner Bird to make the Motion since he has <br />worked so hard on this. <br />Commissioner Bird thanked Mr..Nyquist for his cooperation in <br />holding to his original offer and extending the options during <br />this long delay in negotiations with the CIBA-GEIGY Corporation. <br />Attorney Vitunac advised that the Motion should include the <br />approval of the letter of agreement dated April 16, 1990, that <br />was FAX'd to us yesterday, and contains the following six <br />conditions: <br />20 <br />