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<br />0~2J <br /> <br />'., <br />, :b <br /> <br />$83 million. It requires 35 separate urban renewal projects and <br />it is anticipated that the plan will generate private investments <br />in the valley of approximately $200 million. <br /> <br />Mr. Johnson indicated that although the people of Denver had <br />known for many years that Chatfield Dam was essential, it required <br />the 1965 flood to spark action necessary to secure its approval by <br />Congress. <br /> <br />Significant actions already have been started to implement the <br />South Platte River Redevelopment Plan. A new plant is under con- <br />struction on the riverbank between Almeda and Mississippi Avenues <br />in Denver; the Ruby Hill Park adjoining the Overland Golf Course <br />is well underway; and a valley site has been picked as the first <br />choice for the location of Metropolitan State College. <br /> <br />Financing Community Water and Waste Disposal Facilities <br /> <br />Mr. Denton E. Sprague, Association Loan Officer, Farmers Home <br />Administration, Washington, D. C., told the Committee that the <br />Farmers Home Administration has assisted organizations of farmers <br />and ranchers with the development of central community water systems <br />since 1937, when extreme drought conditions prompted the passage of <br />the Water Facilities Act to provide financial and technical assistance <br />in the 17 Western States. <br /> <br />The program was made nationwide in 1954. In 1961, it was <br />broadened to permit assistance to organizations serving all rural <br />residents, including farmers and nonfarmers alike. Public Law <br />89-240, signed into law on October 7, 1965, provides for loan and <br />grant assistance for both water and waste disposal facilities to <br />public agencies and private nonprofit corporations serving residents <br />of open country and rural towns and villages of not over 5,500 <br />popula tion. <br /> <br />Loans may be scheduled for repayment over periods up to 40 years. <br />The interest rate varies depending on the source of funds and the <br />type of borrower organization. <br /> <br />Grants to help pay for water and waste disposal projects are <br />made in amounts necessary to assure reasonable user costs but may <br />not exceed 50 percent of the development cost in any case. <br /> <br />Grant assistance is provided to public organizations such as <br />counties, townships, and State, local, and regional planning com- <br />missions for the preparation of comprehensive area plans for use in <br />developing water or sewer systems serving rural areas. <br /> <br />10 <br /> <br />':~:~:7;0?~:':1.~;'. .:t"-:::\f "":''::';:::?\;::;:;:f,''.k::}i~!i::\~~~t\~' :i~:~;:,:?;::~.,~~F'e;~J:":;f:~I,;;::~1:~;:;\X';:?:2::.'...~,...-..:.c}:::):;;<' '..'::'"i <br /> <br />-'~.f' - 0\ <br />({"<~; <br />~;;r,;:, <br />;'. ""~' .' <br /> <br />. <br /> <br />~}~;~~'I <br /> <br />,.',;,..".:.<.1 <br />.."."'.' "';'1 <br />f..' ..". <br />)':':t:{....::;: <br /> <br />~j:;:.~:;~~~.~i <br />i.~;~{:.../;::>~ <br /> <br />* <br /> <br />~ <br /> <br />~~{~;.;~~/~~ : <br />,:;:.;.,;':1 <br />.....::;,...:... <br /> <br />::~~11:}Y <br /> <br />:'(';"~'::~:>:~ I <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />~tli,;ri, <br /> <br />'''<"' I <br /> <br /> <br /> <br /> <br /> <br /> <br />i;~;~.)~":E~ i, <br />::}:~~~:'~~'.~}.> I <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />?<::':"I <br />.' '~. "I <br /> <br />,-;:~. <br />J: <br /> <br />.1 <br />- '.1 <br />... <br /> <br />...,....... <br /> <br />.:..,./.:: ,'.'., <br />:'-:S. . <br />..'~...'.'..<.,<I <br />