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Hornbostel: <br /> <br />So, no matter what, we're committing <br />to that much? <br /> <br />Phare: <br /> <br />Howard: <br /> <br />That's right. If you expect growth <br />to occur at more than .5 million <br />gallons per year on a peak day, then <br />we need to modify the terms. They <br />don't get more than a million. <br /> <br />Do you feel that the per year <br />compensation package that's been <br />outlined adequately addresses our <br />true economic needs? <br /> <br />Phare: <br /> <br />Howard: <br /> <br />Davidson: <br /> <br />Griffiths: <br /> <br />There was no attempt to answer that <br />question. It's really beyond the <br />scope of the agreement. <br /> <br />We have a $5 million plant and we're <br />going to receive "X" amount of <br />dollars on it for eight years. Are <br />we subsidizing the commercial <br />entities going into Superior? <br /> <br />We're not providing any water. <br />Susan, on page 14, about the 6th <br />line up from the first paragraph <br />uses the word "default". What <br />happens if we default on the <br />contract? Does Superior have a <br />right to damages? <br /> <br />My assumption is that if they could <br />prove damage from a breach of the <br />contract, then they would be <br />entitled to damages for that. My <br />other assumption is that based on <br />that language they would be able to <br />terminate the agreement. <br />Essentially, Louisville is held <br />harmless from an claim relating to <br />the facility not becoming <br />operational due to various matters <br />out of Louisville's control. <br /> <br />Davidson: <br /> <br />If Louisville chooses not to provide <br />treatment capacity, then what will <br />Superior do? <br /> <br />Gary Mandrich, President of Superior Metropolitan District No. 1, <br />stated that Superior has had discussions with Louisville from the <br />inception of their project. They purchased Rock Creek in 1987, so <br /> <br />15 <br /> <br /> <br />