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<br />.;2 -- ~ <br /> <br />. <br /> <br />. <br /> <br />Agenda Item 9p-3 <br />November 9, 1993 <br /> <br />3 <br /> <br />5. Approved an additional construction fund loan in a MAXIMUM amount of <br />$50,000 to conduct a feasibility study. (The issue of cost share was not addressed by <br />the board). This loan must be repaid under any circumstances, but may be combined <br />with and paid back as a part of the construction loan approved in ITEM 1. Interest <br />on this loan will be 4% simple interest accruing from the date of payment advance, <br />with 10 year term if not combined with a future construction loan. <br /> <br />C\wp51\9P3119.cwc <br />