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<br />- <br /> <br />. <br /> <br />Agenda Item CFc <br />January 19, 1994 <br />Page two <br /> <br />2. Required that Interest on the loan accrue from the date the funds are drawn by <br />LA WMA. Allowed that repayment of the loan principal and accrued interest may <br />be included as part of a subsequent loan for the actual construction of the project. <br />Required that if the project is not built, and/or there is no subsequent Construction <br />Fund loan, then this feasibility study loan will be repaid over a 10 year period, <br />amortizing all principal and accrued interest, and <br /> <br />3. Required that loan approval be contingent upon staff review and acceptance of <br />the Plan of Study submitted by Helton & Williamsen, P.c., and <br /> <br />4. Required that loan approval be contingent upon review of LA WMA'S financial <br />condition and ability to repay the subject loan. <br /> <br />Attachments <br /> <br />C:\wp51\CFcJ19.cwc <br />