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0 <br />Agenda Item 90 <br />November 9, 1993 <br />Page two <br />• <br />as they become financially able to handle increased loan payments and cost share. <br />Plans and specifications for the project will require acceptance by the State <br />Engineer's Office. <br />ST F RECOMMENDATION <br />The staff recommends: <br />1. THAT A CONSTRUCTION FUND LOAN IN AMOUNT OF $1.0 MILLION <br />(4%, 30 YEARS) BE APPROVED FOR THE JACKSON LAKE RESERVOIR <br />AND IRRIGATION COMPANY, FOR THE REHABILITATION OF THE <br />UPSTREAM FACE OF THE JACKSON LAKE DAM, and <br />2. THAT THIS LOAN BE CONTINGENT UPON REVIEW OF THE <br />COMPANY'S FINANCIAL CONDITION AND ABILITY TO PAY, and <br />3. THAT THIS LOAN BE CONTINGENT UPON ACCEPTANCE OF THE <br />PLANS AND SPECIFICATIONS BY THE OFFICE OF THE STATE ENGINEER. <br />pX-011 Colm <br />On November 9, 1993 the CWCB Board took the following action, which was the <br />same as the staff recommendation: <br />1. Approved A CONSTRUCTION FUND LOAN IN AMOUNT OF $1.0 MILLION <br />(4%, 30 YEARS ) not to exceed 75% of actual construction and related costs FOR <br />THE JACKSON LAKE RESERVOIR AND IRRIGATION COMPANY, FOR THE <br />REHABILITATION OF THE UPSTREAM FACE OF THE JACKSON LAKE <br />DAM, and <br />2. Required THAT THIS LOAN BE CONTINGENT UPON REVIEW OF THE <br />COMPANY'S FINANCIAL CONDITION AND ABILITY TO PAY, and <br />3. Required THAT THIS LOAN BE CONTINGENT UPON ACCEPTANCE OF <br />THE PLANS AND SPECIFICATIONS BY THE OFFICE OF THE STATE <br />ENGINEER. <br />Attachments <br />Q \wp51 \9o119.cwc <br />