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BOARD01014
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BOARD01014
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Last modified
8/16/2009 2:57:05 PM
Creation date
10/4/2006 6:48:38 AM
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Board Meetings
Board Meeting Date
9/22/1988
Description
CWCB Meeting
Board Meetings - Doc Type
Meeting
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<br />. <br /> <br />. <br /> <br />. <br /> <br />~ <br /> <br />(b) <br /> <br />Assessment of 1640 shares of company stock. In 1988. <br />the assessment was $100 per share. This would be <br />increased to $120 per share, assuming a 10% loan and <br />30 years repayment of the $308,000. <br /> <br />So total assessment, in case the land sale does not <br />materialize, would be about $129 per share. This user's cost <br />per share would be comparable to previous years and would be <br />relatively low when compared to water costs of other irrigation <br />companies. <br /> <br />The staff has therefore concluded that the project is <br />financially feasible. <br /> <br />/tmv <br /> <br />-2- <br />
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