Laserfiche WebLink
<br />.. .. ~ . <br /> <br />Agenda Item 18j. <br />November 7, 1995 <br /> <br />4 <br /> <br />Action Taken bv the CWCB. November 7.1995 <br /> <br />The CWCB approved the Staff Recommendation with an interest rate of 4.75% for <br />the Emergency Loan, and an interest rate of 5.25% for the Construction Fund <br />Authorization. The CWCB also found that the Emergency Loan approval was <br />necessary to avoid unreasonable risk of injury or damage to human health or well- <br />being, and that the emergency condition is not the result of negligence in the <br />operation or maintenance of the infrastructure. <br /> <br />The CWCB also required that a description of the loan collateral be presented to the <br />CWCB at the January 1996 meeting for discussion and approval, as appropriate. <br /> <br />AllaChments <br />C:\wpSl \PROJ.NEw\18j.nov <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />