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1 7 5 appraisal price should prevail for one year, at the end of which time negotiation of price would be necessary. PICTURES OF BOARD OF DIRECTORS WERE TAKEN BY THE REVIEW JOURNAL PHOTOGRAPHER AT 7:20 P.M. Following a short recess the discussion with Mr. Harris continued. A * motion was duly made by Director Cornwall, that the District will agree to hold both parcels for the School District at the present appraisal price for one year, and another year with an offer of first refusal for a period of thirty days, at a price to be established at that time. Director Coulthard questioned the advisability of granting the School an option to purchase the forty acres near the well field, since the School might attempt to have an access street extended through the property. Director Cornwall withdrew his motion. Manager Renshaw displayed a map of the area which was studied by the Directors. Following a thorough discussion of the parcels in question, a motion was by Director Cornwall, seconded by Director Coulthard, and unanimously approved by the seven Directors present, that the District will grant the School District an option on parcel No. 2 at the presently appraised price for a period of one year from date of option, providing it is accepted within sixty days, and will further grant a first refusal for an additional year for thirty days at a price to be established at that time. Mr. Harris again requested that the Board consider granting a similar option on parcel No. 1. The Directors did not feel they wanted to grant an option on parcel No. 1 in view of the requests to have access streets through the well field. A motion was duly made by Director Cornwall, seconded by Director Thorn, and unani­mously approved by the seven Directors present, that no commitment would be made on parcel No. 1 at this time. Mr. Harris asked if the District would expect the full purchase price at the end of one year or if it would consider terms. The Board expressed its willing­ness to cooperate with the School District in allowing terms as far as possible. Mr. Harris thanked the Directors for their consideration and was excused from the meeting at 7:35 P.M. WHITNEY WATER COMPANY - PROPOSED PURCHASE President Campbell noted the presence of a group representing the Whitney Water Company, namely, Mrs. Jeanne Houssels and Messrs. John Bunch, Ira Carter and Bill Peyton. He asked Mr. Bunch to start the discussion on behalf of the Whitney Water Company. Mr. Bunch advised that he had received the District’s letter requesting the Whitney Water Company to share in the appraisal fee. He reported that his group did not feel that the Whitney Water Company should pay half of the expense of the appraisal, and indicated he thought the money to purchase the Company had been set up under a miscellaneous item in the bond issue. Mr. Peyton stated that since Whitney was a part of the Water District, he felt the District should consider serving Whitney, and asked for an expression from the Board on how soon this might be done.