A special meeting of the Board of the Metropolitan Sewerage District was held in the Boardroom of the MSD's Administration building at 2:45 p.m., Wednesday, June 16, 1999. Chairman Selby presided with the following members present: Aceto, Blackburn, Bryson, Field, Graham, Pace, Sobol, Spell and Venable. Mr. Kelly was absent.

Others present were: W. H. Mull, General Manager, William Clarke, General Counsel, Mike Morgan, David Herbert, Peter Dawes and Don Yelton, Citizens, Tom Hartye, Angel Banks, Jim Fatland and Sondra Honeycutt, MSD.

Mr. Selby asked for a report from the Finance Committee. Mr. Blackburn stated the Committee met earlier, but because as Chairman he removed himself from discussion, he asked Mr. Mull to report on the Committee's recommendation. Mr. Mull stated that the Finance Committee recommends that the Board accept the offer of $837,000 from River Creek, LLC for the purchase of the 81 Thompson Street property, subject to negotiation of an appropriate sales contract with closing to be within 30 to 60 days. Mr. Sobol moved that the Board approve the recommendation of the Finance Committee. Mr. Pace seconded the motion.

Ms. Field asked whether the miscalculation in the appraisal and the 10% commission to be paid to a realtor is satisfied in River Creek's current proposal. Mr. Mull reported that the appraisal of $930,000 assumed placing the property with a real estate agent to market the property for six month to year with a fee of 10%. Therefore, the offer to purchase directly from MSD (no agent involved) is the appraisal less the assumed real estate agent fee.

Mr. Venable questioned the language in the proposal from River Creek. Mr. Clarke suggested that a response be drafted to River Creek, LLC and that the response read as follows: "The Board acknowledges receipt of your letter of June 16, 1999. Please be advised that the Board did not, at its June 9, 1999 meeting, offer to sell the property for $837,000. Notwithstanding that misunderstanding, the Board is treating this letter as an offer by you to purchase the property for $837,000 and the Board hereby accepts that offer". Mr. Selby requested that this language be part of the motion. Mr. Sobol and Mr. Pace concurred in the amendment to the motion.

Mr. Blackburn asked that he be excused from voting. Mr. Pace moved on behalf of Mr. Blackburn that he be excused from voting. Ms. Graham seconded the motion. Voice vote was unanimous in favor of the motion.

With no further discussion regarding the motion to approve the recommendation of the Finance Committee, roll call vote was as follows: 8 Ayes; 0 Nays.