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<br />~ Proposed Financing <br />Following is the proposed funding for this project: <br /> <br />~ <br /> <br />~ <br /> <br />RC&D Grant (Soil Conservation Service) <br />CWCB (to be repaid by Beaver Park Water, Inc. <br />users) <br /> <br />$125,000 <br />$125,000 <br /> <br />$250,000 <br /> <br />Total <br /> <br />Under this financing arrangement the company would have to repay <br />the CWCB $7,285 per year for 40 years for a total repayment of <br />$291,400. <br /> <br />Recommendation <br /> <br />It is recommended that this project be authorized by the <br />General Assembly in the amount of $125,000, the Board's <br />investment to be repaid subject to the terms of the proposed <br />financing specified above. <br /> <br />/bvm <br /> <br />-2- <br />