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<br />. <br /> <br />Mr. Covert moved. seconded by Mr. Vandemoer. that <br />this project be recommended by the Board to the General <br />Assembly for authorization subject to the terms of the <br />proposed financing specified above. Motion adopted <br />unanimously. <br /> <br />3 . <br /> <br />Grandview Siphon Proiect <br />Proposed Financinq <br /> <br />Funding for this project is proposed as follows: <br /> <br />RC&D Grant (Soil Conservation <br />Service) <br />CWCB (to be repaid by the Grandview <br />Irrigation Ditch Co. users) <br />TOTAL <br /> <br />$360.000 <br /> <br />$240.000 <br />$600.000 <br /> <br />Under this financing arrangement. the sponsor would <br />have to repay the State $13.987 per year for 40 years <br />for a total repayment of $559.480. <br /> <br />Mr. Covert moved. seconded by Mr. Vandemoer. that <br />the project as described be recommended by the Board to <br />the General Assembly for authorization subject to the <br />terms of the proposed financing specified above. <br />Motion adopted unanimously. <br /> <br />. <br /> <br />4. Florida Farm Irriqation Proiect <br />Proposed Financinq <br /> <br />Funding for this project is proposed as follows: <br /> <br />RC&D Grant (Soil Conservation <br />Service) <br />Florida Canal Company (FCC) <br />CWCB (to be repaid by the FCC) <br />TOTAL <br /> <br />$412.600 <br />27.400 <br />260.000 <br />$700.000 <br /> <br />Under this financing arrangement. the sponsor would <br />have to repay CWCB $15.153 per year for 40 years for a <br />total repayment of $606.120. <br /> <br />Ms. Sanfilippo moved. seconded by Mr. Smith. that <br />the project as described be recommended by the Board to <br />the General Assembly for authorization subject to the <br />terms of the proposed financing specified above. <br />Motion adopted unanimously. <br /> <br />5. Louisville Reservoir proiect <br />Proposed Financinq <br /> <br />. <br /> <br />-17- <br />