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445 including the industrial base will stay the same or increase, they might want to consider, at some point, implementing these recommendations by the study, because the City is currently not able to produce, according to regulations, the amount of water the City is already obligated to produce. At the same time, he suggested if they felt like a customer could drop off or there would be a decrease in demand in a substantial amount, there would be the debt already incurred plus. the debt for the plant upgrade that would have to be shared by the remaining customers. Mayor Fendley felt like water capacity was a good economic development tool. He said Gary Vest is looking at a prospect that is a big water user. He felt if the City held back and didn't expand, they might not be looked at any more because there wouldn't be the capacity to provide the water needed. Councilman Bell indicated that he would make the motion that staff pursue the application with the understanding that the staff is not authorized to accept but that they will be coming back to the Council. He stated he also wanted the staff to study the current situation with funds and bring back a new priority list for the next 5 years. He wanted staff to look at all this with the priority of not increasing taxes or water rates. RESOLUTION NO. 2004 -020, authorizing the preparation, execution, and filing of an application with the Texas Water Development Board for a loan from the Texas Drinking Water State Revolving Fund (DWSRF) Program to finance necessary improvements to the City Water Treatment Plant, authorizing the submittal of any supporting documentation necessary in furtherance of completion of said application, authorizing the City Manager, City Engineer, City Finance Director, and City Attorney to review, sign or submit documentation as required in furtherance of said application, making all findings and provisions related to the subject, was read. Councilman Bell made a motion to accept the resolution, which was seconded by Councilman McCarthy. The resolution carried 4 ayes, 0 nays.