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<br />" <br /> <br />, <br /> <br />. <br /> <br />. <br /> <br />Agenda Item ge <br />November 9, 1993 <br />Page two <br /> <br />STAFF RECOMMENDATION <br /> <br />The staff recommends: <br /> <br />1. TIIAT A CONSTRUCTION FUND LOAN IN AMOUNT OF $50,000 ( 4%, 30 <br />YEARS) BE APPROVED FOR THE HIGHLINE-BUZZARD DITCH COMPANY <br />FOR THE PURPOSE OF PLACING THE REMAINING PORTION OF THEIR <br />DITCH IN PIPELINE, and <br /> <br />2. TIIAT WAN APPROVAL BE CONTINGENT UPON TIlE CWCB <br />RECEIVING THE COMPLElED SCS FEASIBILITY STUDY, COST ESTIMA lE, <br />PLANS, AND SPECIFICATIONS, and <br /> <br />3. TIIAT TIlE COMPANY BE ALWWED TO CONSOLIDAlE THE <br />REQUESlED WAN WITH AN EXISTING WAN TO THE CWCB ($61,700 <br />APPROXIMAlE BALANCE) AT THE lERMS OF 4% FOR 30 YEARS. <br /> <br />ACTION TAKEN BY THE CWCB BOARD <br /> <br />On November 9, 1993 the ewCB Board took the following action: <br /> <br />1. Approved A CONSTRUCTION FUND LOAN IN AMOUNT OF $50,000 ( 4%, <br />30 YEARS) FOR THE HIGHLINE-BUZZARD DITCH COMPANY FOR THE <br />PURPOSE OF PLACING THE REMAINING PORTION OF THEIR DITCH IN <br />PIPELINE, and <br /> <br />2. Required THAT LOAN APPROVAL BE CONTINGENT UPON THE CWCB <br />RECEIVING TIlE COMPLETED SCS FEASIBILITY STUDY, COST ESTIMA lE, <br />PLANS, AND SPECIFICATIONS. <br /> <br />3. (The Company's request to refinance the existing LOAN TO THE CWCB <br />($61,700 APPROXIMAlE BALANCE) AT THE lERMS OF 4% FOR 30 YEARS, <br />was NOT approved pending Staff analysis of the effect refinancing of loans will have <br />on the Long Range Financial Plan for the Construction Fund.) <br /> <br />C\wp51\ge119,cwc <br />