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<br />. <br /> <br />. <br /> <br />... - -'.,.." <br /> <br />Agenda Item 9p-3 <br />November 9, 1993 <br /> <br />2 <br /> <br />VOUGA RESER VOIR ASSOCIATION, FOR THE REHABILITATION OF THE <br />OUTLET SYSlEM AND CONSTRUCTION OF AN ENlARGED SPIlLWAY ON <br />THE VOUGA RESERVOIR DAM, and <br /> <br />2. TIIAT LOAN AFPROV AL BB CONTINGENT UPON THE ASSOCIATION <br />SUBMITTING A LOAN APPLICATION AND ENGINEERING COST ESTIMAlE <br />FOR THE PROJECT, and <br /> <br />3. TIIAT LOAN APPROVAL BE CONTINGENT UPON ACCEPTANCE OF <br />THE PLANS AND SPECIFICATIONS FOR THE REHABIUTATION BY THE <br />OFFICE OF THE STAlE ENGINEER, and <br /> <br />4. THAT LOAN AFPROV AL BE CONTINGENT UPON REVIEW OF THE <br />ASSOCIATION'S FINANCIAL CONDmON AND ABILITY TO PAY. <br /> <br />ACTION TAKEN BY THE CWCB BOARD <br /> <br />On November 9, 1993 the eweB Board took the following action: <br /> <br />1. Approved A CONSTRUCTION FUND LOAN IN AMOUNT OF $300,000 ( 4% <br />for 30 YEARS ) not to exceed 75% of qualifying construction costs FOR TIlE <br />VOUGA RESER VOIR ASSOCIATION, FOR THE REHABILITATION OF THE <br />OUTLET SYSlEM AND CONSTRUCTION OF AN ENlARGED SPILLWAY <br />ON TIlE VOUGA RESERVOIR DAM, and <br /> <br />2. Required THAT LOAN APPROVAL BE CONTINGENT UPON TIlE <br />ASSOCIATION SUBMITIING A. LOAN APPLICATION AND ENGINEERING <br />COST ESTIMAlE FOR TIlE PROJECT, and <br /> <br />3. Required THAT LOAN APPROVAL BE CONTINGENT UPON <br />ACCEPTANCE OF TIlE PLANS AND SPECIFICATIONS FOR TIlE <br />REHABILITATION BY THE OFFICE OF THE STAlE ENGINEER, and <br /> <br />4. Required THAT LOAN APPROVAL BE CONTINGENT UPON REVIEW OF <br />THBASSOCIATION'S FINANCIAL CONDITION AND ABILITY TO PAY, and <br />