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Watson representatives had approached the WSA and requested an opportunity to offer a financial proposal.
Jamieson said he was surprised that the WSA hadn’t received a number of similar offers fr< m other firms. “As an investment banker, I think this is an ideal situation. . . Maybe other firms just don't believe there’s enough money in it for them,” he said, agreeing with Bob Dennis that as far as municipal public works projects go, Sperryville’s sewer is relatively “small potatoes.”
Chairman Johnson expressed pleasure at Jamieson’s advice on the feasibility of the investment firm’s proposal, noting that both the board of supervisors and the WSA have been concerned about how to provide financing for sewer construction until grant payments are received without “somebody having to come up with $30,000$40,000 worth of interest.”
Dennis volunteered to check with Wheat First Securities in Warrenton to see if that investment company is interested in offering a financial proposal.
“It’s very possible that with the announcement of the EPA grant, you will pick up on one or two more,” added Wayne Solenburg, representative from the Rappahannock-Rapidan Planning District Commission.
Donald Gore suggested that the WSA slao consider advertising for bids from investment companies on percentage rates, both on loans and investment return.
“I’ve been involved with this technique before,” said Dennis, who previously worked with the Upper Oecoquan Sewer Authority on financing its multi-million
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