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<br />. <br /> <br />Morrison Consolidated Ditch Company <br />Page two <br /> <br />Proposed Financinq <br /> <br />The proposed financing for this project is as follows: <br /> <br />RC&D Funds (SCS) <br />CWCB loan <br /> <br />Total <br /> <br />$120,000 <br /> <br />80,000 <br />$200,000 <br /> <br />Under this financing arrangement, the ditch company would have <br />to repay the Board $4662.00 per year for 40 years, for a total <br />repayment of $186.480. <br /> <br />Recommendation <br /> <br />It is recommended that this project be authorized by the <br />General Assembly in the amount of $80,000, subject to the terms <br />of the proposed financing set forth above. <br /> <br />NCI/bj <br /> <br />. <br /> <br />. <br />