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<br />. <br /> <br />City of Greeley (Peterson Res.) <br />Page two <br /> <br />Proposed Financinq <br /> <br />The proposed financing for this project is as follows: <br /> <br />City of Greeley (Bond Issue) <br /> <br />CWCB loan <br /> <br />Total <br /> <br />$380,000 <br />380,000 <br /> <br />$760,000 <br /> <br />Under this financing arrangement the city would have to repay <br />the CWCB $26.961 per year for 25 years, for a total repayment <br />of $674,025. <br /> <br />Recommendation <br /> <br />It is recommended that this project be authorized by the <br />General Assembly in the amount of $380,O~O, subject to the <br />terms of the proposed financing set forth above. <br /> <br />FMA/bj <br /> <br />. <br /> <br />. <br />