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r <br />UNITED STATES DEPARTMENT OF AGRICULTURE <br />FARMERS HOME ADMINISTRATION <br />LETTER OF CONDITIONS -PUBLIC BODY <br />To: Honorable William C. Wodtke � Date: September 13, 1977 <br />Chairman, Board of County Commissioners <br />Indian River County <br />Vero Beach, Florida <br />From: County Supervisor, FmHA <br />Fort Pierce, Florida <br />This letter supersedes the letter of conditions issued May 23, 1973. <br />This letter establishes conditions which must be understood and agreed to <br />by you before further consideration may be given to the application. Any <br />changes in project cost, source of funds, scope of services or any other <br />significant changes in the project or applicant must be reported to and <br />approved by FmHA by written amendment to this letter. Any changes not <br />approved by FmHA shall be cause for discontinuing processing of the applica- <br />tion. <br />This letter is not to be considered as loan and grant approval or as a <br />representation as to the availability of funds. The docket may be com- <br />pleted on the basis of a loan not to exceed $402,500 and a grant not to <br />exceed $427,500. If FmHA makes the loan, the interest rate will be that <br />charged by FmHA at the time of loan approval. This loan will be a portion <br />of the $20,639,000 loan approved for the County on June 19, 1973. <br />Please complete and return the attached Form FmHA 442-46 if you desire <br />further consideration be given your application. <br />If the conditions set forth in this letter are not met within four months <br />from the date hereof, FmHA reserves the right to discontinue the processing <br />of the application. <br />Repayment Schedule: <br />The loan will be repayable over a period not exceeding forty years from the <br />date of loan closing. The first. and second payments will be due September 1 <br />following loan closing and will consist of interest only. The third payment <br />and all succeeding installments except the last installment will be due on <br />September 1, and will consist of bond maturities plus accrued interest, <br />according to the bond resolution or ordinance. <br />Number of Users and Verification Required: <br />Prior to beginning construction or prior to closing of the FmHA loan, which- <br />ever occurs first, the County will furnish evidence that 498 water users and <br />Fanners Nene Administration is an Eltial Opportunity Lender. <br />Complaints of racial or etbnic discrimination sbonld be sent to: <br />Secretary of Agriculture, FVasbrngtoi, D.C. 20250 <br />1 <br />SEP 131977 31 PA,F 06 <br />