Laserfiche WebLink
<br />The term of the loan shall bc 30-years, Interest w!ll begin accruing from Ihe dare the funds are <br />disbursed, but no principal payment \viil be due until 2012, Accrued interest will be added to the <br />principal and tbe Imm alllonized over 30-years starling in 2012, WBSTERNmay elecl to repay <br />[he (",VeD in one lump sum at allY time or make periodic payments, There would be no <br />prcpaynKnt penalties. <br /> <br />The project shall be considered to be substantially complete on the date that funds arc dispersed. <br /> <br />\VESTERN may elect to I/O! remit a 103n payment for the pnrpose of minimizing Ihe impact of <br />loan repayment on SLCA-IP rates, provided that WESTERN notify the CWCB of ils il1!cnl 10 <br />not remit a toan payment. In this event) interest shall continue to accrue; but no late charges will <br />apply, <br /> <br />\VESTERN's payrnents shaH be contingent upon federal funds being appn.lpriat.edl bHdgcted~ and <br />othenvise rnade available. A non-payrncllt shall not reduce or elirninate \VESTERN's obligations <br />to repay principal and lntenosl <br /> <br />Final "pproval ofth8 loan should also be conditioned npon WESTERN's acceptance of other <br />standard CWCB contract provisions. <br /> <br />,'\tlachml'nts <br /> <br />Loan Applicalion <br />PL 106-392 <br />List oreapit,,1 Projects to be financed by the Loan <br />Copy of2002 Loan Contract <br />WAPA's 2002 Annual Repol1 <br /> <br />Colol'ade \Varcr Conserva[(or! BOilcd <br />Flood pw:ecticn -'1 \Va~cr Frni(-c: P!anning J~id Fir:;HKi.llg Ol Str;:'3Ir. ,ma L;1kt; Pro:t'ctjcn <br />V/<\t<:'r Supply F,Ct\:c\loJU"' CfJn~tT"',\lian PLmning <br /> <br />4 <br />