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<br />/,t;uo <br /> <br />MR. BORGER: <br /> <br />MR. STAPLETON: <br /> <br />MR. BORGER: <br /> <br />MR. STAPLETON: <br /> <br />MR. BORGER: <br /> <br />it would seem to get anything through Congress <br />of this nature and get the support, political <br />support, on the base of obviously increased <br />taxation for some segment of the community how <br />broad you can spread the base is another problem. <br />It seems to me that to get HUD's approval, even I <br />with a congressional delegation in your own <br />community who is whole heartily in favor of it, <br />it seems to me to be a period of years probably. <br />What is your best thinking?" <br /> <br />"All we are asking for Mr. Chairman, is six <br />months. We feel reasonably optimistic that <br />these questions can be answered in six months. <br />If they can't, we'll drop the whole project as <br />completed. " <br /> <br />"All right now, what is your 'horseback <br />guess' as to the cost of acquisition of this <br />acreage you are talking about?" <br /> <br />"We would rather not go into specific <br />detail. " <br /> <br />"I am not trying to put you on the spot. <br />these are the questions that we have to have <br />some background on. You obviously had appraisers <br />giving you estimates, and so forth. If you have <br />something that increases the tax base substan- <br />tially, you are obviously going to have to tell <br />your voters in some way what that is. If you <br />haven't got it now, well that is the end of it. <br />If you have something that is significant, I <br />think the board should hear it in all fairness." <br /> <br />"Okay, all we are saying is that we are <br />actually in the process of doing a cost benefit <br />analysis that would say what are the costs and <br />what are the benefits to the community obtaining <br />this 400 acres in park lands opposed to the <br />channelization. We don't have that done as yet. <br />I don't mean to hedge on your question of land <br />values, but we do not want to get into an argu- <br />ment with landowners here as to what we propose <br />to pay for their land. It is a matter of some <br /> <br />.1 <br />