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<br /><, <br /> <br />. The High Income Rate would be for areas where the median household income is more <br />than 110 percent of the Colorado median household income. [Jan 95] The 30-year . <br />municipal bond yield (rounded to the nearest one-quarter of one percent) will be used <br />directly as the Municipal High Income lending rate and all other rates will be <br />structured from that rate. [Nov 97] <br /> <br />. The Standard Lending Rate and terms are ten percent less than the High Income <br />Rate for a repayment period of 30 years. <br /> <br />. To qualify for the Low Income Rate, the median household income in the project <br />sponsor's service area must be less than 80 percent of the statewide median household <br />income in Colorado, [Jan 95] The Low Income Rate is 20 percent less than the <br />Standard Lending Rate. <br /> <br />h. In recommending to the Board a lending rate for individual municipal loans, the staff will <br />take into consideration the financial strength ofthe borrower and the borrower's ability to <br />issue bonds (where that can be determined) in addition to the median household income <br />ofthe community. [Nov 97] <br /> <br />1. Agricultural lending rates will be set equivalent to the Municipal Low Income Rate. [Jan <br />95] <br /> <br />J. <br /> <br />Lending rates for the CommerciallIndustrial category of loans will be set at a rate 20 <br />percent higher than the Standard Rate. [Nov 97] <br /> <br />. <br /> <br />k. For projects which include rnore than one project purpose, a weighted average lending <br />rate will be recommended based on the percent of water supplied or on the percent <br />ownership for each preceding purpose in a particular project. [Jan 95] <br /> <br />1. A slightly lower interest rate may be available for a shorter repayment period. [Aug 94] <br />The 30-year lending rate may be reduced for each category of loans by one-quarter <br />of one percent for all loans with maturities of 20 years or less but more thanIO years <br />and by one-half of one percent for all loans with maturities of 10 years or less. <br /> <br />m. For Agricultural and Low-Income Municipal borrowers, the percentage of the total <br />allowable costs for the planning, engineering design, and construction of a project which <br />rnay be financed by the Board will be up to 90 percent. For all other classes of borrowers, <br />in particular for those borrowers with greater financial strength and/or the capacity to <br />issue bonds, the staff may recommend that the Board fund less than 75 percent of <br />planning, design, and construction costs depending upon the particular circumstances of <br />the borrower. [Nov 97] <br /> <br />~~~~:~~:t~~~~~~~~~:s;~~:e~ef;: ~:~~:~~'~~ ~~~, . '1~;~~~~: :~~~~~s~~~;a~:f~~~~:B:~~~ . <br /> <br />4 <br />