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<br />. <br /> <br />. <br /> <br />Agenda Item 15.a <br />March 13, 1997 <br /> <br />The total funds available to RD for the entire United States in the current fiscal year amount to <br />about $50 million. There may be as much as $8 million to $10 million available to the City this <br />. year from RD, at the most, but complicating the problem is the requirement by RD that 100 <br />percent of the financing for the project be in place before the agency will lend any money for the <br />project. <br /> <br />We met with the City of Fort Morgan staff in January to discuss the financing situation and their <br />plans for implementing the remainder of the project. The City has requested another meeting <br />later this month with CWCB, Water & Power Authority, and RD Colorado staffs to review a new <br />funding proposal. We will advise the Board of any fwther developments. <br /> <br />cc: Dave Yamada, City of Fort Morgan <br />Dan Law, Water & Power <br />Leroy Cruz, RD <br /> <br />o <br /> <br />C_) <br />