Laserfiche WebLink
<br />13 <br /> <br />. <br /> <br />1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br /> <br />then it will take two months to do that paper work. <br /> <br /> <br />But in that context, if they do proceed and if in <br /> <br /> <br />the course of the proceeding they advise us at every step <br /> <br /> <br />of the way and we approve of everything they do, then <br /> <br />when we get the paper work done, two months hence, <br /> <br />assuming that this bill passes, this would become a <br /> <br />project of the Board and we' 11 reimburse them for any <br /> <br />costs they have incurred in advance. <br /> <br />Nick, are there any details that you need to <br /> <br />provide? <br />MR. IOANNIDES: Yes. Mr. Chairman, Members of the <br /> <br /> <br />Board, the total State funds that have been included <br /> <br />in Senate Bill 67 is $633,000, and we have calculated that <br /> <br /> <br />the district would have to pay the State $27,383.58 for <br />40 years for the total payment of $1, 095,343. <br />It is expected that the annual payments would be <br />generated by water sales and the project is recolIUllended. <br />MR. McDONALD: And that repayment schedule represents <br />40 years at 3 percent consistent with Board policy <br /> <br /> <br />adopted in December. If there are no questions from the <br /> <br /> <br />Board, I would move that the Board recommend the authori- <br /> <br /> <br />zation of that project to the legislature. <br /> <br />MR. KROEGER: Before we do that, would Dave Miller <br /> <br />wish to make a comment? Dave is a former member of our <br /> <br />Board and should have been recognized. <br /> <br />. <br /> <br />. <br />