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which is substantially similar to the kind of <br /> proceedings we have to file to change the use. At <br /> this stage, I would describe their analysis of <br /> that as extremely preliminary. They have not so <br /> such as drilled a test well up on that property. <br /> I can not speak to the quantity that they would be <br /> expected to derive from such a well whether the <br /> quality of the water would be suitable for their <br /> purposes and certainly I can not speak to whether <br /> or not the whole proposal would be financially <br /> feasible to them as contracted with developing a <br /> tap on the City's system. They would be required <br /> to dedicate some water rights, not necessarily <br /> these same shares, to the stream to replace the <br /> depletions caused by their well pumping. They are <br /> perfectly free to go out on the market and buy <br /> water rights, not necessarily even Goodhue water <br /> rights." "What we are talking about there is <br /> approximately $1 ,500 worth of water in terms of <br /> raw water value. The physical cost of developing <br /> their system is going to be in ay view somewhere <br /> between $70,000 to $100,000 just in well drilling <br /> and equipping costs. The water right value in <br /> this whole proposal is relatively modest in the <br /> overall perspective of cost of developing a <br /> private water system as contracted with simply a <br /> line extention and a top on the City 's system. <br /> Leary pointed out that the City had not received <br /> an official communication on which Williamson can <br /> advise the Council on a position . <br /> Mayor Meier asked that Williamson and Mr . Brock be <br /> present at this meeting for clarification and/or <br /> any presentation each deemed necessary . And that <br /> this was for the purpose of Council 's information <br /> and background on this matter as Council has <br /> expressed in times past that they were not <br /> necessarily informed thoroughly on matters of <br /> impending litigation. <br /> Mr. Brock was asked if he so desired to address <br /> the Council. Mr. Brock declined and indicated <br /> that he would take appropriate action. <br /> PREPAID WATER <br /> AGREEMENTS Morris asked for clarification as her concern was <br /> that "the City treat residents and developers <br /> equally as it is ■y impression that the City had <br /> made some further statements with Homart that the <br /> City was just 'not relying on acts of God ' at that <br /> particular point." <br /> Rautenstraus: "These agreements only speak to <br /> taps that are prepaid by the developers. So it <br /> 9 <br />