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- 1 <br /> r <br /> 20 <br /> Mr. Ted Abernathy <br /> Page 2 <br /> April 25, 1997 <br /> Upon approval of this concept by the Board of County <br /> Commissioners I can "create" the non profit corporation and the <br /> program can be implemented. It is likely that I will consult <br /> with Bob Jessup on the formation of this corporation and <br /> conforming the loan and other documents related to the financing <br /> of the project . I have spoken to Bob about this . He is <br /> available and willing to help . Bob' s expertise in government <br /> finance will make the implementation of this program more <br /> efficient . <br /> I recommend this matter be placed on the Board of <br /> Commissioners agenda for the May 21 , 1997 meeting ( it got <br /> "bumped" from the impossibly crowded May 5, 1997 agenda) . The <br /> issues for Board decision include approval of the Program <br /> Operating Policies and Procedures , proceeding with the formation <br /> of the non profit corporation and preparing the loan documents . <br /> I will have specific recommendations as to the composition and <br /> appointment of the board of directors of the corporation for <br /> consideration by the Board of Commissioners when the corporation <br /> and loan documents are presented for approval . The number of <br /> Board of Commissioner appointments will be no more than one less <br /> than a majority. <br /> If you have any questions about any of this, please advise . <br /> Very truly yours, <br /> COLEMAN GLEDHILL & HARGRAVE, P.C. <br /> G r y dhill <br /> GEG/lsg <br /> xc : Kenneth T. Chaviou <br /> John M. Link, Jr. <br /> lsg-8 <br /> abernath. ltr <br />