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<br />, <br /> <br />., <br /> <br />. <br /> <br />e <br /> <br />e <br /> <br />Lake Meredith ReS9IVoir Co. <br />March 24-26. 2003 <br /> <br />Agenda Item 24c. <br /> <br />Recommendation <br />Staff recommends a CWCS Small Project Loan in maximum amount of $1,000,000 to the Lake <br />Meredith Reservoir Company for relocation of the outlet canal of Lake Meredith. The <br />recommended term of the loan is 30 years and the recommended lending rate is 4.00% <br />(4.083% Annual Percentage Rate.). Security for the loan will be a pledge of assessment <br />revenues backed by assessment covenant and the project itself. in accordance with CWCS <br />Loan Policy #5 (Collateral). The loan will be funded from the Construction Fund. <br /> <br />Staff further recommends that final approval of the loan be conditioned upon all standard <br />contracting provisions of the CWCS, including the 1 % loan origination fee charged in <br />accordance with ewcs Policy #16. <br /> <br />cc: Allen Ringle, Manager, Lake Meredith Reservoir Co., P.O. Box 8, Ordway, CO 81063 <br />Linda Bassi, AGO <br /> <br />Attachment <br /> <br />C:IProj-Newllake Meredith 303 memo: <br /> <br />l:lboardmemlMar03\24c - lake Meredith <br /> <br />5 <br />