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uncsrt.�in a• �o rt��th�r it rould r�quir� a vat� to b� abx� to <br /> puzcha�� Mi,ndY ��p �rit�rr, Ra th� bond cov.riants vauAdn � t !� <br /> violat�d. 1�� �l�it�d that it do�an't zvl� cut a lsas�►, ahia� <br /> nauld b� doa�, aryd dwr nat appiy �o purcha�inq D�strict �at�r. <br /> :b� cowzc�l wou�d �av�; ta addr�ss th�• �ituation in t.ha tuitur� �s <br /> to �lut lis��t• th* Cqunail al.qb� w�s�t ta pu� in t2�� ratio o# <br /> DistriGt �o �ub^D1itrlat v�tsr. H� atat�d that 3t is l�q�],Ly <br /> po«sibl• to only b� ia on� o! �tha Di�trict� and �s� botA kinds o! <br /> vatsr. <br /> May�r a�krd i� Tro�k couid ��cpl�in th• Sub-4i�triat r�ctuiririq a <br /> po���bl• t�x. <br /> T�cut �xpi�in�d th�►t ths Sub�aistr3at pro��ct i� th� Ftindy Gap <br /> proj�ct, nr't�ich va■ lin�nc�d throuqh r�v�nue bandM, �rhich w�r� <br /> �.s�u�d by th� Sub-District, but ara srcur�d by t�]c�-�or-pay <br /> contracts th�t v�r� �nt�r�d into by th� ariqinal six (6) <br /> part�cipant�. H� •xplainad that th� tak��or-pay coatx�ct� includ� <br /> a provi�ion th�t Ss �]l�aw�d by th• conarxv�r►cy l,av tl��t ii Lh� <br /> contr�ac� hald�r, vhich 1� u�su�►lly th� City, doi� rat pay th� Rr�nual <br /> a�s�ssa�nta, �hic2� ar� rs�at�d to capit�l �nd int�r�st p�y�a�nts on <br /> th� bor►Q� and th� opsr�tion taint�nanc� c��t�, th� Sub-District <br /> board cu�d�r thr cons�rvancy Iav to l�vy M�►il2 Iav� on th� prc�p�rty <br /> in �nt�ty that doia�'t pay to coll�ct that ion�y nnQ aa►k� th b4nd <br /> pa►y»t�. Th�y c,�ll i.t a dc�ubl� provisiort. Tha�t�� only <br /> 1! ya� buy SubwDi*trict wat�r. Yt do�sn't apply it yau're �u�r in <br /> th� sub-Dis�ri,ct. <br /> 1�►Y�r s What ha.pp�na i�` tha C f ty puts th is <br /> aon�y in a r�aerv• tund And ths <br /> proj�ct ta� �om� r�a#on Z�lls apa�r�? <br /> Whe►t happ�ns n+ext y�nr? <br /> Gri,ftithst Th� irr.vocsbl• pladq� wau�d br <br /> be►s�d on ths contract. <br /> Con��qu�ntly, it th� pro�MCt d�,drl't <br /> qo �orwa�d, i! eny ot th� <br /> aontl�nq��cirs didn't occur, t2i�n th� <br /> pl�dr�� would b� r�l�4s�d. Th� n�rt <br /> �t��ct wou],d b�s the�t th� pl�dc�� <br /> wouLd b� th��� Srravocab�y tor as <br /> Ianq a� th� �a;itract va�r in •ft�sct <br /> and th� pz�c j�ct vas qQ,�nq farwa�rd. <br /> t7pan r�v�wwinq �th• aqr�s�a�nts thst <br /> ar� bRfnq �n��r�Q fnto by t,h• okh�r <br /> po��nti�l p��tic�psnts� it was ou= <br /> ur�dsrstMndinq that nona aar� �kinq <br /> co�sitm�nt to th• !l,na], constri:ctiort <br /> ao•ts, vith th• •xc�ptiv� or th� <br /> Town o� 6up�rior, �►lsich waa �sk�nq <br /> �t,hi■ 5]. �ilkiQn ao�itaa�n�. <br /> � <br />