C153701 Feasibility Study

• Contract/PO #: C153701
• Contractor Name: Fort Morgan, City of & Fort Morgan Water Works and Distribution Enterprise
• Contract Type: Loan
• Water District: 1
• County: Weld
• Bill Number: SB94-029
• Loan Projects - Doc Type: Feasibility Study

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Onited Slales
Department of
j Agriallbue

R....,!
Development

.<1 Street. Room E-l00
Lakowood, Colorado 80215
(303) 23&-2801 En. 132
(303) 23&-2B47 (FAX)
(303)2J(..lS90 (T'I'i)

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July 15, 1997

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James P. Zwetzig, Mayor
City of Fort Morgan
P.O. Box 100
Fort Morgan, Colorado 80701

Dear Mr, Zwetzig:

This letter establishes conditions which mUSt be understood and agreed to by you before
further consideration may be given to the aflplication. Any changes in project cost, source of
funds, scope of services, or any other signifitant changes in the project o:\: applicant must be
reported to, and be approved by, Rural DeVelopment by written amendment to this letter.
Any changes not approved by Rural DevelOpment shall be cause for disc:ontinuing
processing of the application.

This letter is not to be considered as loan ap:proval, grant approval, or as a representation as
to the availability of funds. The docket may be completed on the basis of a loan not to exceed
$4,800,000 and iI. grant not to exceed $3,200,lJOO. If Rural Development through the Rural
Utilities Service (RU5) makes the loan, you ~y make a written request that the lower of the
two interest rates, the interest rate charged Will be the rate in effect at the time of loan
approval The loan will be considered approved on the date a signed copy of Form FmHA
1940-1, "Request for Obligation of Funds", is mailed to you. If you want the lower of the two
rates, your written request should be submitted to Rural Development as soon as possible. In
order to avoid possible delays in loan closin.g, such a request should ordinarily be submitted
at least 30 calendar days before loan closing.

Please complete and return the enclosed Focrn FmHA 1942-46, "Letter of Intent to Meet
Conditions", if you desire that further consideration be given your application. If the
conditions set forth in this letter are not met within 90 days from the date of approval, Rural
Development reserves the right to discontiIl,ue the processing of your application. The
approval of yom loan and grant will be COIlsidered if the following conditions can be met
prior to loan and grant closing, or the start elf construction, whichever Occurs first:

1. Repavment Schedule: The loan will be r'epayable semi-annually over a period of 40 years
from the date of closing.

RuroI Oevclopmonl is an Equal Opportunity Umdet.
Com~b1 0.1 discrmtinatiQn 5hoWcl be """t to:
Seaetuy olAgriaUtuzt, Woshlngton. D.c. 2C2SO