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lutely confirmed. (Both grants have been awarded for the Sperryville sewer project. However, the Authority must complete final paperwork and qualify under state and federal regulations before formal allocation is made.)
“Thd idea is correct. It’s sound and in this market, it looks beautiful. And the firm looks good,” said Jamieson, advising the WSA members to be prepared to sell notes as soon as final approval of the grants is received in order to have the $2.1 million invested at maximum yield for the longest period possible. Using the WSA’s time schedule for completion of the sewer project, Jamieson estimated that the investment period could run from March or April, 1984, through December of that year on at least a portion of the $2.1 million. Using this investment scheme, “you should have some profit and you will avoid any instances of being late on payments (and thus incurring penalty charges),” he told Bob Dennis, Donald Gore and (’arson Johnson, the WSA members present at Monday’s meeting. In addition, Jamieson volunteered to assist the Authority on negotiations with an investment firm, the next step in the financial program.
He told the Authority that he would expect other firms to offer basically the same deal as that presented by Baker Watson, a Baltimore company with a branch in McLean. He added that he was well acquainted with the firm’s reputation but that he didn’t know any of its members personally. “You can feel certain you’re dealing with a quality company (with Baker Watson),” he concluded.
WSA chairman Carson Johnson noted that Baker
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