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<br />. <br /> <br />.. <br /> <br />.. <br /> <br />~ <br /> <br />Mr Donald F. Higbee <br />August 18, 1995 <br />Page 2 <br /> <br />(d) The lending rate for the present one-year loan will be 3.5 percent which <br />represents the Board's short-term agricultural lending rate. The lending rate for long- <br />term financing will be considered at such time as LA WMA applies for the entire <br />amount of the proposed project. <br /> <br />Please continue to coordinate with Bill Green on any additional feasibility work and analyses <br />which must be completed prior to the time LA WMA applies for long-term financing. With <br />regard to contractual matters, please contact Jan Illian of this office. <br /> <br />On behalf of the Board and the CWCB staff, I would like to thank you for applying for a <br />Construction Fund loan. Please call me if you have any questions or if we can be of any <br />further assistance. <br /> <br />hJ~J?~ <br /> <br />William P. Stanton, P.E. <br />Chief, Planning and Construction <br />Section <br /> <br />cc: Alan Hamel <br />Chuck Lile <br />Peter Evans <br />Bill Green <br />Jan lllian <br />Duane Helton, Helton & Williamsen <br />Fritz Holleman, Moses, Wittemeyer, Harrison and Woodruff <br />