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<br />. <br /> <br />. <br /> <br />. <br /> <br />RECOMMENDATION <br />The staff recommends a Construction Fund loan in the amount of $1,000,000 to the Weld County <br />Tri-Area Sanitation District be approved for the purpose of constructing much needed conveyance <br />improvements in the subject area, Staff recommends a 30-year term for the loan and the Municipal <br />Standard Income lending rate for 1999 as may be approved by the Board at the November 1998 <br />Board Meeting. <br /> <br />Staff further recommends that the loan be conditioned on the creation of an Enterprise Fund that <br />establishes an appropriate service fee within the Weld County Tri-Area Sanitation District to repay <br />all debt and expenses as a result of the project. As security for the loan, the District will pledge <br />District Revenues and collateral in the form of real property owned by the District. <br /> <br />5 <br />