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<br />"' <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />Agenda Item 16b. <br />May 12, 1998 <br /> <br />Page 3 <br /> <br />3. That the fmancing terms for this Small Project loan shall be an annual percentage rate <br />of 4.5% for a duration of 10 years, and <br /> <br />4. That loan approval shall be contingent upon completion of the Feasibility Study, and <br />upon all standard contracting provisions of the CWCR, and <br /> <br />5. That collateral for the loan shall be a security interest in the stream of income derived <br />by the Columbine Ranches Property Owners Association from assessments, and the <br />water rights acquired. <br /> <br />Attachments <br />D:\msword\ColumbineP0A598memo <br />