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Sheffield: <br /> <br />Sisk: <br /> <br />Sheffield: <br /> <br />Are you looking for C.O.'s per <br />quarter? <br /> <br />Absolutely. I was under the <br />impression that it had been <br />discussed and was going to be part <br />of any subdivision agreement. <br /> <br />In our first meeting it was going to <br />be discussed, but I don't think we <br />got that far. I think what we had <br />proposed was 10 per quarter. That <br />number sticks in my mind. That's a <br />number that we feel we could live <br />with. <br /> <br />Sisk: <br /> <br />Sheffield: <br /> <br />Sisk: <br /> <br />Commencing when? <br /> <br />It would start approximately in the <br />fall of '93. Then, go per quarter <br />until the community is completed is <br />the way I would understand it. <br /> <br />Based upon your comments, you would <br />foresee 10 C.O.'s the last quarter <br />of '93? <br /> <br />Sheffield: <br /> <br />Sisk: <br /> <br />Sheffield: <br /> <br />Sisk: <br /> <br />The third quarter <br />successive quarter. <br /> <br />and each <br /> <br />So, build-out under that scenario <br />would be the first quarter of '95? <br /> <br />That could be, but market conditions <br />and other things affect this. <br /> <br />As far as the market conditions, if <br />you have 68 homes available and 68 <br />contracts, would you envision coming <br />and saying that you'll have 68 <br />C.O.'s earlier than the first <br />quarter of 19957 I think this is <br />something that really needs to be <br />defined. Have you had occasion to <br />go through the final drainage plat, <br />which has been submitted to and is <br />currently being reviewed by the <br />Department of Public Works? <br /> <br />Ton Phare, Public Works Director, stated that his staff had <br />reviewed it and they find that it is consistent with their <br />regulations and requirements for storm drainage for Louisville. He <br /> <br />11 <br /> <br /> <br />