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11/26/1996
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11/26/1996
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7/23/2015 12:06:10 PM
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Meetings
Meeting Type
Regular Meeting
Document Type
Minutes
Meeting Date
11/26/1996
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8DOK ,9 D 1148 <br />He stated that the investment community does not like to invest in <br />waste -related transactions unless there are "deep pockets" <br />involved, also the county must be credit -worthy. He named several <br />companies which are interested in the project and detailed their <br />recent investigations concerning production of methane gas. He <br />explained the following organizational chart and provided more <br />details concerning the three named companies. <br />• PROJECT ORGANIZATION . <br />INRIVCO <br />Waste cycling and Processing Park, Inc. <br />Professiona�Inc. Services Group(opa-ations & maintenanc <br />Engineering Oversight Development Oversight <br />HEIL Co. LOTEPRO Real Estate <br />erials Recovery Facility CORP. Construction Co. Management Co. <br />1(-astecormwsbn1edvxAoff)1 <br />Feed or Soil Cat Litter Recycled Rubber Tire Reclamation <br />Supplement Recycled Newsprint Floor Cowering Crumb Rubber <br />Various Recycled Refuse Derived ed Fibs Plastic Ltmb� <br />Plastic Products Soil Remediation FuebProducts & Products <br />Mr. Knigin pointed out that constant fine tuning of the <br />project is necessary and the numbers have to make sense because it <br />is their money on the line. He affirmed they are not looking to <br />the County to provide money. <br />Mr. Knigin reported that they are being "deluged" by people in <br />the business interested in coming to Indian River County. He <br />explained the role of Ocean Spray with respect to the need/plan for <br />steam generation. He advised of a meeting with the Adler Group in <br />Miami and that industrial parks are their area of expertise. He <br />stated that Adler is desirous of providing the leasing, management, <br />and development of the industrial park. In reference to Adler <br />investing equity capital in the project, he read a letter he had <br />received by FAX indicating their interest in further discussion. <br />Mr. Knigin assured the Board that the project was extremely <br />viable and worthwhile. <br />Norman Lipshie also assured the Board that they have <br />personally supported this project, have the ability to continue to <br />support it and will support it. He told of meeting with Grunthal <br />28 <br />November 26, 1996 <br />
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