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WHEREAS, the Bureau of Reclamation has now informed the Company <br />that the interest rate to be used in computing the present worth of <br />future annual costs and benefits in allocating the costs of Long Draw <br />Dam has been increased to four and five - eighths percent (4- 5/8%); and <br />WHEREAS, the Company has revised that portion of its loan appli- <br />cation report concerning the allocation of cost of Long Draw Dam and <br />other related financial arrangements to conform to the said increased <br />interest rate, a copy of which revised portion is attached hereto; <br />NOW, THEREFORE, BE IT RESOLVED that, in view of the results of <br />the revisions made in its loan application report to accommodate the <br />said increased interest rate, the WATER SUPPLY AND STORAGE COI.IPANY <br />does hereby amend its application for loan and grant to request an <br />Irrigation loan of $1,047,000, a Recreation and Fish and Wildlife <br />loan of $308,700, and a Recreation and Fish and Wildlife grant of <br />$360,500, with the loans to be repaid in fifty (50) consecutive years <br />following the completion of Long Draw Dam. <br />BE IT FURTHER RESOLVED.that seven (7) certified copies of this <br />Resolution and its enclosure be. transmitted forthwith to the Regional <br />Director, Region 7, Bureau of Reclamation, Department of the Interior, <br />Denver, Colorado. <br />2 <br />i <br />