From: "Elizabeth M. Dietzmann" <edietzmann@earthlink.net>

To: "Mike Keegan" <Keegan@Ruralwater.org>

Subject: Re: US Water News

Date: Fri, 16 Sep 2005 12:13:38 -0500

Hi Mike,

No question about it. Lourain County did have a guaranteed loan. It's just that no one on the City's side raised that issues as a defense. So the question really is how much of a precedent is this case? I would cite it as an indirect precedent at best. It did not really deal with the guaranteed loan issue directly on point. I guess I would argue that if the court didn't think it was relevant then guaranteed loans are protected. But as you and I know, the court only deals with the issues that are put before it so the other side can easily argue that the issue is NOT resolved.

Have a great weekend!

Elizabeth M. Dietzmann, attorney at law

208 North Rolla Street

Rolla, Mo 65401

573-364-1660

edietzmann@earthlink.net

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