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<br />'. . <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />Agenda Item 18 <br />January 13, 1995 <br />Page 3 <br /> <br />d. A specific lending rate for each proiect will be recommended to the Board bv <br />the staff based on an analvsis of: the type of proiect. the project sponsor's <br />ability to pay, and the significance of the project to the develooment of the <br />State's water supplies. Lending rates will be established for agricultural. <br />commercial. and municipal project purposes using the followiM definitions: <br /> <br />ill Agricultural projects are those sponsored bv ditch comoanies. irrigation <br />districts. or any other alZricultural entity to provide agricultural water <br />supp lies. <br /> <br />ill Commercial projects are those sponsored bv anv private individual or <br />firm using or supplving water for other than agricultural purooses. <br /> <br />.. <br /> <br />ill Municipal proiects are those sponsored bv established cities. towns. or <br />special districts organized under Colorado state statutes. <br /> <br />For municipal proiects. separate lending rates will be established for low <br />income. standard income. and high income service areas based on median <br />household income in the proiect sponsor's service area. Agricultural lending <br />rates will be set equivalent to th~ municipal low income rate and commercial <br />lending rates will be set equivalent to the municipal high income rate. For <br />proiects which include more thaI! one proiect purpose. a weighted average <br />lending rate will be recommended based on the percent of water supplied or on <br />the percent ownership for each preceding puroose in a particular proiect. <br /> <br />/'-? <br />w:\boardmem\jan9S\ J:i1an <br />