Laserfiche WebLink
<br />/ <br />/ <br /> <br />) <br /> <br />) <br /> <br />BEAVER PARK PROJECT, Continued <br /> <br />. <br /> <br />. <br />preparing a contract with the entity for repayment of state funds. <br />proposed financing will be: <br /> <br />The <br /> <br />State Funds (to be repaid by use charges) <br /> <br />$1,500,000 <br /> <br />Under the proposed financing arrangement Beaver Park Water, ~nc., <br /> <br />would have to repay the state $64,890 per year .for 40 years for a <br /> <br />total repayment of $2,595,600. It is not expected that the Beaver Park <br /> <br />entity will have to raise its present charges, but will be able to <br /> <br />repay the proposed advance in the 40 years allotted. <br /> <br />It is understood that any extra revenue money collected will be <br /> <br />used for repairs which are badly needed in the present irrigation <br /> <br />system. <br /> <br />JWMcD:mm <br /> <br />. <br /> <br />-4- <br />