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<br />,.:- .........! <br /> <br />. <br /> <br />. <br /> <br />9/19/91 Board Meeting Transcription of Minutes <br /> <br />'-..' <br /> <br />Per David Harrison - Motion on Rapid Creek <br /> <br />I insist that as part of my motion that it be done I assume. staff can call on <br />Attorney General's Office as necessary to be assured that allot' the decrees <br />necessary to fill and utilize the reser/oUs as contemplated are in place and will be <br />so as a pre-condition to the loan. With that understanding that staff would make <br />that determination with the help of the AG's office and furthermore that there just <br />be a double check that staff would assure itself that the decrees to allow filling are <br />reliable and do provide yield as has been represented. And third, that the security <br />interest is adequate in value and wuier those three conditions that we go ahead <br />and make the loan and that's the nature of my motion. <br /> <br />Dave Smith: <br /> <br />I71 second that. <br /> <br />?(/ <br /> <br />Bob Jackson: <br /> <br />Alright we have a motion and a secondo-are there any further comments from the <br />Board? ' <br /> <br />Janice Sheftel asked about the terms of the loan and it was explained by Raber that <br />it would be a 5% - 30 year term loan. <br /> <br />Mr. Jackson: <br /> <br />There being no further questions, I71 call for the vote. Alright the motion passed <br />unanimously. Thank you Mr. Raber for coming over. <br />