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OTHER: <br />WATER SALE AGREEMENT AND OPTION - 30 SHARES OF SOUTH BOULDER CANYON DITCH <br />COMPANY - FUTHEY Phare explained that this is a sale agreement for 30 <br />shares of capital stock of the South Boulder Canyon <br />Ditch Company for a purchase price of $3,000 per <br />share and an option for the purchase of the Seller's <br />undivided 2/3rds interest in Marfell Lake No. 1 for <br />79 acre feet of water from South Boulder Creek and <br />Seller's 100$ interest in Marfell Lake No. 2 for 25 <br />acre feet of water from South Boulder Creek. <br />Mohr moved that the water sale agreement and option <br />with Carma Futhey for 30 shares of South Boulder <br />Canyon Ditch company for a total purchase price of <br />$90,000 be approved. Scarpella seconded. <br />Unanimous. <br />Hundley asked that Council set a Work Session for <br />discussion of the City Water Policy, a presentation <br />by the Chamber of Commerce and discussion of <br />appointments to the City's Boards and Commission. <br />Council chose December 22, 1987. <br />PUBLIC COMMENTS None. <br />~OUNCIL COMMENTS AND COMMITTEE <br />REPORTS None. <br />EXECUTIVE SESSION Mayor Fauson recess the meeting at 9:26 p.m. in <br />order to enter into an Executive Session. <br />8 <br />