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<br />. <br /> <br />. <br /> <br />, <br /> <br />Agenda Item 7a(1l) <br />January 19, 1994 <br />Page two <br /> <br />Company representatives will address the board on these requests. <br /> <br />STAFF RECOMMENDATION <br /> <br />The staff recommendation will be provided at the board meeting. <br /> <br />In general, staff recommends approval of requests 2. and 3. above. <br /> <br />Approval of request 1. is controversial since it will open the door for numerous <br />similar requests in the future, each of which will have to come to the Board for discussion <br />and action. It is recommended that the Board first adopt policy outlining the circumstances <br />under which it will allow a grant, instead of a loan from the Construction Fund. This will <br />allow staff to evaluate requests before they get to the Board and screen out those requests <br />that clearly do not meet policy. <br /> <br />Attachments <br />C:\wp51\7al ]]19.cwc <br />