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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />Agenda Item 14a, <br />September 22, 1997 <br /> <br />3 <br /> <br />2, That an Emergency Infrastructure Repair Account loan in an amount of $590,000, <br />not to exceed 75% of actual project costs, be approved for the Julesburg Irrigation <br />District to replace the District's diversionlheadgate structure on the South Platte River, <br />and <br /> <br />3, That the financing terms shall be at an annual percentage rate equal to the <br />"Agricultural" rate of 3,75% (as set by the CWCB November 25, 1996), for a <br />duration of 30 years, and. <br /> <br />4, That loan approval shall be contingent upon completion of the feasibility study, and <br />upon all standard contracting provisions of the CWCB, as determined by the CWCB <br />Director, and <br /> <br />5, That security for the loan shall be a collateral interest in the stream of income derived <br />from shareholder assessments, and other property of value at least equal to the loan <br />amount, <br /> <br />ACTION TAKEN BY THE CWCB Seotember 22. 1997 <br /> <br />The CWCB approved the Staff recommendation with the following additions and <br />deletions to recommendations 4. and 5. only: <br /> <br />4. That loan approval shall be contingent upon completion of the feasibility study, <br />and upon all standard contracting provisions of the CWCB, including resolution of <br />TABOR amendment issues, as determined by the CWCR Director, and <br /> <br />5. That security for the loan shall be a collateral interest in the stream of income <br />derived from shlH'ell.alder assessments District income, and other property of value <br />at least equal to the loan amount. <br /> <br />Auachments <br />D:\wpSl \PROJ-NEW\14A97 .sep <br />