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r IF <br /> e prose�ted revised draft of the conseivatic±� .� � .�- + ti -n <br /> including the Trustees of Peservatiorrs comrn nts f us-n tire-r <br /> s t andar d form. t is now at the Trustees law f z rm ar#:� he i s <br /> waiting their comments . <br /> The J.A.' - <br /> sstees are now requesting a contribution when �'h-is �s <br /> granted and his client has not resolved that issue. <br /> 'they also want an annual monitoring fee which+ their =aye acr;reed <br /> to. <br /> Tony asked that the Board ultJ m.a��1y recezi e a �..�..�:.-�.y f; t ha <br /> Tr us tees saying they are sat-sf i ed with the rests i c 01-1S . <br /> Mr . But l er explained. that he 'i <br /> that made changes � �_'�e :roe�._�.al <br /> permit modification. <br /> Phasing schedule -- they had a me e t-.nc� with Judy y4-i l 1� . T���.� ��da.l a <br /> and %' oe Reard.on and discussed phas i na. AL thnt t�_.:� �he�, <br /> proposed to charge phasing schedule to �4 �zni �. 4 f�.rs t <br /> phase and move up S T P plant to be coi�i/�r/i�.teLw at ,Mr{.. •�'� <br /> Y' ► i Y'a r-s 7 P.. ' a-i <br /> Boa+ would ld ac��e that no se�..2rit.� be posted fcr i ems+ L��e firs . <br /> phase. _ t r <br /> f �e+ discussion with the client r the numcrs c n' t ;nor 7- <br /> (cal-not plant that eaf `,r in t;he roc <br /> TJ' �.; �.i i r tom..`J +io e 6- u p o u n i t 5 6 . T h y:. �' i-L i. � <br /> Therefore they propose <br /> r <br /> 4-1 .,.nits In phase o31e, a off. comp-ILe t1o�'�. they 3LI:3 ��:�-, e 'f=L.P--,na 1 <br /> bond for the STP plant with a cost as then d e 4ermine-d to bu-ld <br /> 5TP and it w .i l be completed by unit the�� ever tip +f e I s e <br /> goes along with phasing schedule. T <br /> The letter of credit for $125 r 000 for upgrading t+h�: slant will he <br /> posted at unit 41 . <br /> Tony stated that they will he modifying the pha s i��=� <br /> no exniration date . The concern about that is there are manor <br /> nerM its in torn issued w* th no lifat ime . He ca.�{+10 t get <br /> Unlimited expiration date. when the market turns -��,e�- will he <br /> i ncred.'ble di-Valopment again that ��e are ►u�t �az�J. now �=;�`� <br /> _ _ _ o w _:. <br /> the last cycle. <br /> Judy asked if once phase two is initiated IL:hen +e loc wed <br /> into the r)hasing schedule , but phase one can s-t ycr some <br /> MY` 3 uV? r S tat ther e are some r0 Lec,ions. �. c17K �.i .;�i i �. ;+.�. <br /> �. ,-t } <br /> Cod commission Act, if it sits and they doh! t do an n t1-= = <br /> is a buy1.t in protection under" s to to s-atue. <br /> . ... <br /> he would have no problem adding a time eriod fir whe-n work has <br /> tO commence and cQ:YipIe t,,= id in a ce�t ain amount :;JJ L� <br /> He w I-I add a sentence that i'n no event sh ail res umo-ion work <br /> in phase one commence any later than and nut in a <br /> from when signed) and then completed within 13 -inon th . <br /> There is only a certain amount of time f inaw--1 ciali y t ha t then clan <br /> to carry the project. <br /> 5 <br />