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SEP 13 1977 2 183 sewer users have agreed to pay monthly charges for services to be received from the facility being financed. The County will adopt a ... hook-up water ordinance and all families in the service area will be relwasted to connect to the water system. A mem- - ber of the State Director's staff will audit and authenticate the number of users. Organization: ' The loan docket will include evidence that the County is legally organized under state statutes such as a copy of the Charter or other acts of enabling legislation. The attorney is to provide an opinion that the applicant has authority to carry out the planned method of construction, operation and ° maintenance and repayment in connection with the planned facility. Title to Property: The County will provide evidence of title satisfactory to the FmHA for all assets which will constitute security for the loan. Security Requirements: Security will consist of revenue bonds and a first lien on revenue from the water and sewer facilities. Use of Recognized Bond Counsel: The County's attorney will obtain the assistance of recognized bond counsel. All documents necessary to close the interim financing loan and the FmHA loan must be prepared by bond counsel. Appendix C of FmHA Instruction 1933-A will be followed by the County's attorney and bond counsel. Two bound copies of the complete bond transcript will be furnished to FmHA by bond counsel at loan closing. Interim Financing: The County will borrow funds from commercial sources in the amount of the - FmHA loan for the construction period only. Attached are copies of FmHA Guide 1, Guide Letter for Use in Informing Private Lender of FmHA's Commit- meet. r : a; The County Supervisor will approve Form FmHA 424-18, Partial Pay Estimate, to insure that funds are used for authorized purposes during the construc- tion period. f 31 PA-F 07 SEP 13 1977