Laserfiche WebLink
<br />SEDGWICK-SAND DRAWS (CONT'D) <br /> <br />As a result of the above action, the District Board resubmitted <br /> <br />an application for assistance from the Board through its construction <br /> <br />fund program. This application, dated October 31, 1980, requested <br /> <br />the same amount approved by the Board last May, namely $lOO,OOO,for <br /> <br />the purchase of rights-of-way. <br /> <br />EE;f.Q~~E;!i.Q"'!IQ!i <br /> <br />The staff recommends that the Board again approve the District's <br /> <br />request. <br /> <br />Funding arrangements would be as follows: <br /> <br />Federal Funds (SCB) <br /> <br />$3,148,000 <br /> <br />Local Funds (Land & Rights) <br /> <br />141,020 <br /> <br />State Funds (to be repaid by <br />water use charges) <br /> <br />___lQQ.LQQL <br />$3,389,020 <br /> <br />Under the proposed funding arrangements, <br /> <br />the entity would have <br /> <br />to repay the state $3,656 for forty years for a total repayment of <br /> <br />$146,240. <br />