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Page <br /> Tac Delinquencies <br /> Mr. Coggin mentioned that he had contacted Arne Shaw and asked <br /> her about Southport. According to Ms. Shaw there is petition <br /> in Land Court to foreclose on Southport. There was one payment o <br /> $144,000 back in September and then there were no further <br /> payments. Mr. Golub asked where the Town stands on the $3 <br /> million in delinquencies Mr. Goggia answered that New Seabury <br /> paid over half million and continue to pay. Ms. Shaw is <br /> researching the possibility of selling receivables. Mr. Golub <br /> asked that if the half million from New Seabury is money Brawn <br /> has paid? Mr. Goggin did not know. There isveryimportant <br /> i <br /> meeting with Moodys on Friday, which Ms. Shaw s looking forward <br /> to attending. <br /> Devaluation of Property <br /> Mr. Bacigalupi mentioned that the Town would benefit from such <br /> suit because the money would go into the General Fund to decrease <br /> taxes. The Committee requested that a letter be sent to the <br /> Board of Selectmen asking if they are considering a suit and that <br /> the Committee would li <br />