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<br />. <br /> <br />. <br />a-1?\ <br />f" ~ <br />;/ <br /> <br />. <br /> <br />Proposed Financinq <br /> <br />The proposed financing for this project is as follows: <br /> <br />Town of Frederick <br />(Bond issue and/or other sources) <br /> <br />$1,313.160 <br /> <br />CWCB loan <br /> <br />$1. 313,160 <br />$2,626,320 <br /> <br />Total <br /> <br />Under this financing arrangement, the town would have to repay <br />the CWCB $76,531 per year for 40 years, for a total repayment <br />of $3,061,240. <br /> <br />Recommendation <br /> <br />It is recommended that this project be authorized by the <br />General Assembly in the amount of $1,313,160, subject to the <br />terms of the proposed financing set forth above rand subject to <br />the condition that the Board shall not provide tunds for the <br />project unless and until the necessarYfWater rights have been I <br />obtained by the town. '~ ~ :J <br /> <br />/td <br /> <br />.~ <br />I <br /> <br />~ .4d;'Ld ~ ~ ~i$~ ~ <br />/O~&~~k <br />~c.le-d !~ ;ivv~ ~/;Jle <br />/0 Jk ;&,W\-(L 10 ~ <br /> <br /> <br />-2- <br />