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<br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />Agenda Item 23d <br />July 17, 1995 <br />Page Two <br /> <br />copy attached, stating that the Commission had purchased an additional 50 shares in the <br />Farmers Water Development Company, in addition to the 60 shares already owned by the <br />NWC, for use in the new project. It is the opinion of the CWCB staff that this action by the <br />NWC fully meets the second condition listed abo~e. <br /> <br />STAFF RECOMMENDATION: <br /> <br />The staff recommends that the Board finds that the Town of Norwood and the Norwood <br />Water Commission have satisfactorily met the conditions for final loan approval and that the <br />Board direct the staff to enter into contract negotiations for a loan or loans under the two <br />above-mentioned authorizations for construction of a new raw water reservoir. <br /> <br />Attachment <br />cc: June Estep, Town of Norwood <br />Ralph Weaver, Norwood Water Commission <br /> <br />23d.jul <br /> <br />