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<br />,e <br /> <br />e <br /> <br />tit <br /> <br />Coon Creek Reservoirs <br />January. 1989 <br /> <br />(c) <br /> <br />Construction <br />1. Preliminary repair of <br />seepage work for *2 <br />reservoir <br /> <br />$2.500 <br /> <br />2. Resident engineering <br /> <br />660 <br /> <br />$ 3.160 <br />$21.510 <br />-$ 1. 250 <br />$20.260 <br /> <br />Sub Total <br /> <br />Less 50\ of feasibility study costs <br /> <br />Total <br /> <br />These costs are normally incurred after a project is <br />authorized and are included in total project costs for the <br />purpose of computing the Board'S percentage participation in a <br />project. Thus. the Board recommends that this project's cost <br />be considered to be $110.000. <br /> <br />Proposed Financina <br /> <br />Coon Creek Reservoir & Ditch Company (private loan) <br />CWCB loan at 5 percent. 25 years <br /> <br />$ 55.000 <br />55.000 <br />$110.000 <br /> <br />Total <br /> <br />Under the proposed financing arrangement the Company would pay <br />the CWCB $3.902.25 per year for 25 years. for a total repayment <br />of $97.556.25 <br /> <br />Recommendation <br /> <br />It is recommended that this project be authorized by the <br />General Assembly in the amount of $55.000. subject to the <br />proposed terms of financing set forth above and subject to the <br />company demonstrating to the Board's satisfaction that it can <br />meet its repayment Obligation. <br /> <br />JWM/FMA/g1 <br /> <br />-2- <br />