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<br />Glenn D. Toyne - Well Augmentation Project <br />March 25-26, 2003 <br /> <br />Agenda Item 24d <br /> <br />Staff further recommends that final approval of the loan be conditioned upon all other standard <br />contracting provisions of the CWCS, including the 1 % loan origination fee in accordance with <br />CWCS Policy #16. The maximum loan amount may be increased to $76,356 if the borrower elects <br />to finance the 1 % loan service charge. <br /> <br />cc: Glen D. Toyne, Owner <br />Linda Bassi, AGO <br /> <br />Attachment <br /> <br />Action Taken bv the CWCS on March 26. 2003 <br /> <br />The CWCS approved the Staff Recommendation with the added condition: <br /> <br />Security for the loan will be a first lien on the agricultural real estate described in the Staff <br />Memorandum above, with a total collateral value greater than or equal to $76,356. <br /> <br />Page 6 of 6 <br />