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Tkic tenn of the Ioan sf��li be 30-years. Iiiterest �vill begin accriiing frorn the date the funds are <br />disb�lrsed, bt�t no principal payment �vill be due until 20i2. Accn�ed i�iterest �vill be added fo the <br />principai anci the loaii amottized over 30-years startin�; in 2012. �VESTERN xnay elcct to repay <br />the CWCB in one lurnp sum at any time oi• make perioclic paymenis. Tk�cre �vould be no <br />prepayment penalties. <br />The project sha[I b� considered to be siEbstantially complete on the date that fuatds ai•e dispersed. <br />�VESTERN may eiect to not remit a loan payment Cor the purpose of ittinimizing the i►npact oC <br />loan repayntent on SLCA-IP rates, provided that �VESTERN notify rhe CWCB of its intent to <br />not remit a loan payment. In this cvent, interest shall continue to accrue, but no .��lte charges �viil <br />apply. <br />WESTERN's payrrients shall be contingcnt up�n federal fi.�nds bein� a��propriated, budgeted, and <br />othetwise made avaiiable. A noii-paymcnt shall noc rediace or eliminate WESTERN's obliaations <br />to repay principal artc� interest. <br />Final approval of the loan should also be conditioned apon �VESTER.N's acceptance of oihec <br />standard C�VCB contract provisions. <br />AttHChments <br />Loan Application <br />PL lOG-392 <br />List ol'Capital Projects to be (inanecd by the Loan <br />Copy oF2002 Loan Contract <br />�VAPA's 2002 t�nm.ial Report <br />Colorado �yater Conservation Board 4 <br />Flood Protection •�VatiT Prajea Planning and FinanCin� • Strcam and Lakc Protection <br />GVater Supply Prouc�ion • Conscrva�ion Plannusg <br />