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<br />. <br /> <br />Under this financing arrangement water use charges would be <br /> <br /> <br />levied by the State at the rate of $30,014 per year for 40 years <br /> <br /> <br />for a total repayment of $1,200,568. <br /> <br />The options available to the Board in responding to this <br /> <br /> <br />request were outlined in the covering memo for this agenda item. <br /> <br />gl <br /> <br />. <br /> <br />-5- <br />