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<br />. <br /> <br />Under the proposed financing arrangement the Company will have <br />to pay CWCB $5.828 per year for 40 years for a total repayment <br />of $233.120. <br /> <br />Recommendation <br /> <br />The Board did not receive the application for timely review <br />before the 1988 legislative session. <br /> <br />It is therefore recommended that the moneys for the project <br />not be made available by the Board. until the Board has. in its <br />sole discretion determined that the project is technically and <br />financially feasible. The project is being recommended without <br />Board review and an acceptable feasibility study to assure that <br />SCS moneys. now available. could be used as matching funds. <br /> <br />With CWCB moneys available during this legislative session <br />it is anticipated that construction of this project could take <br />place in late summer or autumn of 1988. <br /> <br />/bj <br /> <br />-2- <br />