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<br />Upper Surface Creek Domestic Water Users Association <br />March 16-17, 2004 <br /> <br />Agenda Item 25h <br /> <br />the loan will be a first lien on the pledge of water charge and assessment revenues backed by rate <br />covenant and the project itself. <br /> <br />Staff further recommends that final approval of the loan be conditioned upon all other standard <br />contracting provisions of the CWCB. <br /> <br />cc: Dan Hawkins, Manager, Upper Surface Creek Domestic Water Users Association <br />Linda Bassi, AGO <br /> <br />Attachment <br /> <br />Action Taken bv the CWCB on March 17.2004 <br /> <br />The CWCB approved the Staff Recommendation, with the addition of the statement listed in italics <br />above regarding payment of project costs already incurred. <br /> <br />Page 6 of 7 <br />