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0 4 <br /> 1 I 'm sure that is true, and I said it before, <br /> 2 I 'm sure that the fact that this contract was extended in <br /> 3 time for several years , by the City Council , at their <br /> 4 request, had put them in a better position to sell their <br /> 5 stock at a higher value. <br /> 6 I don't question that. That is private <br /> 7 enterprise. That is free enterprise. That ' s American <br /> 8 capitalism. If you are opposed to it, then you are opposed <br /> g to the American way. <br /> 10 However, the reason that the contract <br /> 11 extension was granted, and the reason that they came in here <br /> 12 and stated - they said, "We need to expand our plant; we need <br /> 13 a new facility; we need new equipment; we ' re switching some <br /> 14 of our trucks to propane, " and these are the kinds of things ; <br /> 15 they are adding so many trucks . <br /> 16 Now, I was out to their new facility last <br /> 17 Friday, the new facility, the new piece of property, the <br /> 18 brand new building that they said they were going to build; <br /> 19 there ' s a lot of new equipment that they said they were <br /> 20 going to buy; and they did everything that they said they <br /> 21 were going to do. <br /> 22. <br /> So, the reason the contract was extended was <br /> 23 to give them the additional borrowing power to buy the land, <br /> 2tt to build the building, and to build the new equipment , and <br /> 25 :_ I think they lived up to that obligation. <br /> asr If, as a matter of fact, it also makes them <br /> k f4 <br /> 4141% '---- <br /> liey <br /> tn <br /> iX2(3iter4 ) 43]�B2] MACAULEY & MANNING. SANTA ANA, CALIF. (7147 542.2317 <br /> NatlYay.. <br />