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<br />,; <br />... <br /> <br />-- <br /> <br />. <br /> <br />. <br /> <br />Agenda Item 20f <br />March 9, 1994 <br /> <br />2 <br /> <br />STAFF RECOMMENDATION <br /> <br />The staff recommends: <br /> <br />1. That the Board find that the failure of the Coundation of the raw water intake <br />structure for the Town of Rangely's water system does qualify the Town for a loan <br />from the emergency infrastructure account, and <br /> <br />2. That an Emergency Loan Crom the eonstruction Fund in amount oC $34,000 <br />(4.5% FOR 2 YEARS), not to exceed 75% oC actual project costs, be approved Cor the <br />Town of Rangely, for the design and emergency reconstruction oC the Town's raw <br />water intake structure, and <br /> <br />3. That loan approval be contingent upon statT evaluation of the Town's financial <br />condition and ability to pay, and upon all standard contracting provisions of the <br />eweB. <br /> <br />ACTION TAKEN BY THE CWCB BOARD <br /> <br />The Board: <br /> <br />1. Found that the Cailure oC the foundation of the raw water intake structure Cor the <br />Town of Rangely's water system does qualify the Town Cor a loan from the emergency <br />inCrastructure account, and <br /> <br />2. Approved an Emergency Loan Crom the eonstruction Fund in amount oC $34,000 <br />(4.5% FOR 2 YEARS), not to exceed 75% oC actual project costs, Cor the Town oC <br />Rangely, Cor the design and emergency reconstruction oC the Town's raw water intake <br />structure, and <br /> <br />3. Required that loan approval be contingent upon statT evaluation oC the Town's <br />financial condition and ability to pay, and upon all standard contracting provisions <br />oC the eweB. ALSO, THE ISSUE OF AMENDMENT #1 MUST BE RESOLVED <br />AS PART OF THE eONTRAeTING PROeESS. <br /> <br />Attachments <br />C:\wpS1\20f.mar <br />