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<br />~ " <br /> <br />. proposed Financing <br />Funding for this project is proposed as follows: <br /> <br />RC&D grant (Soil Conservation Service) <br />Florida Canal Company (FCC) <br />CWCS (to be repaid by the FCC) <br />Tota 1 <br /> <br />$412,600 <br />$ 27,400 <br />$260,000 <br />$700,000 <br /> <br />Under this financing arrangement the sponsor would have to repay <br />the CWCB $15,153 per year for 40 years for a total repayment of <br />$606,120. <br /> <br />Recommendation <br /> <br />It is recommended that the project be authorized by the <br />General Assembly in the amount of $260,000, the Board's <br />investment to be repaid subject to the terms of the proposed <br />financing specified above. <br /> <br />jbvm <br /> <br />. <br /> <br />. <br /> <br />-2- <br />