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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />· CWCB would like the loan to be associated with a specific service area within the <br />project. This is likely related to phasing, in the sense that each phase would <br />identify specific development projects that are to occur. The CWCB would like to <br />be aware of the full cost of the project at build-out, even though loan applications <br />would be approved on a phase-by-phase basis. <br /> <br />Aqua Engineering, Inc. <br />November 8, 2004 <br /> <br />Canal Modernization Feasibility Study <br />- 35- <br /> <br />