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<br />! <br /> <br />the question of Parity was addressed, and that the reply was that the loan repayment would not cause an <br />issue of parity with the USDA Rural Development. If this is not correct, I will need to discuss further with <br />the attorney. <br /> <br />Question 6: Pledging of water rights <br />Our City Attorney has advised the City Council and the council agrees that water rights will not be <br />pledged. <br /> <br />Question 7: Copy of 1999 audit report <br />Copy enclosed. <br />Also enclosed please fme ICON Engineering information - This includes: <br />An ICON letter dated 11/6/98. <br />A copy of a signed standard Agreement as mentioned in the letter. <br />Copy of Financial print out wire to Icon Payments). An amount of$500.00 was withheld in <br />March 1999 until completion of the study and will be remitted upon completion of it. <br /> <br />I trust this will answer your questions. If we can be of further assistance please do not hesitate to contact <br />me. <br /> <br />SincereQ <br />~ Wo.Ls~ ~ <br /> <br />Jim Wats n, Mayor -M OJ_J.L..,.._ fhT -PM>- ~ <br />City of Victor <br /> <br />CC: Penn Gildersleeve, ICON Engineering <br />MacDougall & W oldridge, attorneys <br />Knight Piesold <br /> <br />~ " -- <br /> <br />. <br /> <br />4 <br />