Laserfiche WebLink
<br />., <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />Willow Heights Irrigation Company. Inc. <br />May 19-20, 2003 <br /> <br />Agenda Item 18d <br /> <br />recommended lending rate is 3.75% per annum Security for the loan will be a pledge of assessment <br />revenues backed by assessment covenant and the project itself. <br /> <br />Staff further recommends that final approval of the loan be conditioned upon all other standard <br />contracting provisions of the CWCB, including the 1 % loan origination fee in accordance with <br />CWCB Policy #16. The maximum loan amount may be increased to $104,535 if the borrower <br />elects to finance the 1 % loan service charge. <br /> <br />cc: Marley Duclo, President, Willow Heights Irrigation Company, Inc. <br />Linda Bassi, AGO <br /> <br />Attachment <br /> <br />Page 5 of 6 <br />