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<br />. <br /> <br />. <br /> <br />. <br /> <br />Proposed Financing <br /> <br />Funding for this project is proposed as follows: <br /> <br />RC&D grant (Soil Conservation Service) <br />CWCB (to be repaid by the Grandview <br />Irrigation Ditch Co. users) <br />Total <br /> <br />$360,000 <br /> <br />$240,000 <br />, $600,000 <br /> <br />Under this financing arrangement, the sponsor would have to repay <br />the State $13,987 per year for 40 years for a total repayment of <br />$559,480. <br /> <br />Re commenda tion <br /> <br />It is recommended that the project be authorized by the <br />General Assembly in the amount of $240,000, 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 />