BOARD00140

• Board Meeting Date: 5/7/1980
• Description: Agenda and Minutes
• Board Meetings - Doc Type: Meeting

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percent of $162,000.

MR. JACKSON: Fifty. Okay. Sorry.

MR. PASCOE: But I misunderstood you because I

thought there was a request that it be matched for ASC

at this stage and it may not be exactly --

MR. VANDEMOER: That's what I thought.

MR. KROEGER: This was Nick's recommendation, that

ln case it didn't come out exactly one-sixty-two, we

still would match only 50 percent.

MR. McDONALD: We'd match 50 percent.

MR. PASCOE: But with a top limit?

MR. McDONALD: So the top limit would be $81,000 of

State participation?

~ffi. IOANNIDES: No. No, Mr. Chairman, no. One-sixty

two would be our share. One-sixty-two would be the

ASCS share.
MR. McDONALD: Beg your pardon. I though you were

saying -- so the total cost of the first stage is

MR. IOANNIDES: Is $325,000 plus or minus.

MR. McDONALD: Okay. So $162,000 would be the

State's share at the maximum.

MR. JACKSON: That's the way I thought I gave it

the first time.

MR. McDONALD: You did. I'm sorry. I was incorrect.

MR. VANDEMOER: Bill, wouldn't we want to leave it

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