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<br />~ Proposed Financinq <br /> <br />The proposed financing for this project is as follows: <br /> <br />City of Greeley (Bond Issue) <br />CWCB loan (to be repaid by water users) <br />Total <br /> <br />$ 862,500 <br /> <br />862,500 <br />$1. 725,000 <br /> <br />Under this financing arrangement the city would have to repay <br />the CWCB $50,267 per year for 40 years, for a total repayment <br />of $2,010,680. <br /> <br />Recommendation <br /> <br />It is recommended that this project be authorized by the <br />General Assembly in the amount of $862,500, subject to the <br />terms of the proposed financing specified above. <br /> <br />FMA/bj <br /> <br />. <br /> <br />. <br /> <br />-2- <br />