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<br />~ <br /> <br />pumping costs which would be eliminated with this project. <br />Under this financing arrangement the Company would pay the CWCB <br />$96,162 per year for 40 years, for a total repayment of <br />$3,846,480. <br /> <br />Recommendation <br /> <br />It is recommended that this project be authorized by the <br />General Assembly in the amount of $1,650,000, subject to the <br />proposed terms of financing set forth above and subject to the <br />Company demonstrating to the Board's satisfaction that it can <br />meet its repayment obligation. <br /> <br />DWW/FMA/bj <br /> <br />-2- <br />