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<br />'." <br /> <br />- 2- <br /> <br />The rates shown in Table I below are calculated based on Financial Policy #7. <br /> <br />. <br /> <br />Table 1 <br />Proposed Lending Rates for FY 2006 <br /> <br />Tvpe of Loan Interest Rate <br />CommerciallIndustrial 5.25% <br />Municioal Hill:h Income 4.25% <br />Municioal Middle Income 3.75% <br />Municipal Low Income 3.25% <br />AlI:l"icultural 2.50% <br /> <br />The following Table 2 summarizes the annual lending rates adopted by the Board since 2000. <br /> <br />Table 2 <br />30- Year Lending Rates, 2000 - 2005 <br /> <br />Type of Loan 2000 2001 2002 2003 2004 2005 <br />CommerciallIndustrial 6.00% 6.50% 5.75% 6.00% 5.50% 5.25% <br />Municipal High 5.50% 6.00% 4.75% 4.75% 4.50% 4.25% <br />Municioal Middle 5.00% 5.50% 4.25% 4.25% 4.00% 4.00% <br />Municioal Low 4.00% 4.50% 3.75% 3.75% 3.50% 3.50% <br />AlI:l"icultural 4.00% 3.50% 2.75% 2.75% 2.50% 2.50% <br /> <br />. <br /> <br />Recommendation <br /> <br />Staff recommends that the Board adopt the schedule of 3D-year lending rates based on the <br />Board approved Financial Policy #7, as shown in Table 1 for all loans recommended to the General <br />Assembly or approved by the Board from July 1,2005 through June 30, 2006. <br /> <br />Attachment <br /> <br />. <br /> <br />Flood Protection. Water Project Planning and Financing. Stream and Lake Protection <br />Water Supply Protection. Conservation Planning <br />