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411 STAFF RECOMMENDATIONS <br /> Staff recommends that: <br /> The Board approve a loan increase to the Buffalo Mutual Ditch Company's <br /> original 1997 loan, with no change in the project scope, in the amount of$71,000 <br /> for a total loan amount of$449,750 under the following conditions: <br /> 1. Terms of the additional loan amount would be at the original adopted 1997 <br /> terms of 3.75%for 30 years. <br /> 2. The loan is for up to 75%of the total project cost. <br /> 3. The loan increase shall be contingent upon all standard contracting <br /> provisions of the CWCB including all increased collateral requirements. <br /> • <br />