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<br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />The total project cost of $508,000 is proposed to be financed <br /> <br />as follows: <br /> <br />FmHA Grant and/or Loan <br /> <br />$258,000 <br /> <br />state Funds (to be repaid <br />by water use charges) <br /> <br />250,000 <br />$508,000 <br /> <br />Total <br /> <br />Under this financing arrangement, water use charges would be <br /> <br />levied by the state at the rate of $10,815 per year for forty years. <br /> <br />The total repayment to the state would be $432,600. <br /> <br />It is recommended that the project, as herein described, be <br /> <br />constructed by the Board to the extent of $250,000, with the pro- <br /> <br />vision that the town of Eagle furnish additional financing to the <br /> <br />extent of $258,000 and that the project be recommended and submitted <br /> <br />to the Colorado General Assembly during the 1978 session as <br /> <br />priority number two" <br /> <br />FLS:tam <br /> <br />-5- <br />