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<br />" <br /> <br />, J <br /> <br />. <br /> <br />. <br /> <br />Agenda Item 13b, <br />March 10, 1998 <br />Page 3 <br /> <br />(Updated March 12, 1998) <br /> <br />3, That the financing terms for this Construction Fund Authorization shall be at an annual <br />percentage rate of 3.75% for a duration of 15 years (equal to the "Agricultural" rate for <br />a loan duration greater than 10 years but no more than 20 years, as set by the CWCB <br />November 24 1997), and <br /> <br />4. That loan approval shall be contingent completion of the Feasibility Study, and upon all <br />standard contracting provisions of the CWCB, as determined by the CWCB Director, <br />and <br /> <br />5, That collateral for the loan shall be a security interest in the stream of income derived by <br />the Company from assessments, and one payment in a certificate of deposit account, to <br />be held by the State Treasurer. <br /> <br />Action Taken bv the CWCB March 10. 1998 <br /> <br />The CWCB approved the Staff Recommendation as presented, <br /> <br />Attaclunems <br />D:\msword\BoulderLH398.rnemo <br /> <br />">-- ~- ~--~--- --- <br /> <br />~.:.. <br />