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• <br />V , <br />UNITED STATES DEPARTMENT OF AGRICULTURE <br />FARMERS HOME ADMINISTRATION <br />1 3953 South U.S. 1 <br />Ft. Pierce, Florida 33450 <br />November 29, 1978 <br />o a <br />Mr. William C. Wodtke, Jr., Chairman <br />Indian River County Board of County <br />Commissioners <br />Indian River County Courthouse <br />Vero Beach, FL 32960 <br />a <br />Dear Mr. Wodtke: <br />This letter establishes conditions which must be understood and <br />agreed to by you before further consideration may be given to <br />the application. Any changes in project cost, source of funds, <br />scope of services or any other significant changes in the pro- <br />ject or applicant must be reported to and approved by FmHA by <br />written amendment to this letter. Any changes not approved by <br />FuRA sball be cause for discontinuing processing.of the appli- <br />cation. <br />This letter is not to be considered as a loan approval or as a <br />representation as to'the availability of funds. The docket may <br />be completed on the basis of a loan not to exceed $236,000.00 <br />and a grant not to exceed $317,600.00. If FmHA makes the loan, the <br />Interest rate will be that charged by FmHA at the time of.the loan <br />approval. <br />Please complete and return the attached Form FmHA 442-46, Letter <br />Of Intent to Meet Condition, if you desire that further consider- <br />ation be given your application. <br />If the conditions set forth in this letter are not met within 120 <br />days from the date hereof, FmHA reserves the right to discontinue <br />the processing of the application. <br />Repayment Schedule: <br />The loan will be repayable over a period not exceeding 40 years from <br />the date of loan closing. The first and second payment(s) will be <br />due September 1, following loan closing and will consist of interest <br />only. The third payment and all succeeding installments except the <br />last installment will be due on September 1, and will consist of bond <br />maturities plus accrued interest. <br />DEC 6 1978 <br />Farmers Home Administration is an Equal Opportunity Lend¢r. <br />Complaints of discrimination based on race, sex, religion, <br />national origin or marital status should be sent to: <br />Secretary of Agriculture, Washington, D. C. 20250 <br />A. <br />BOUX 38 fAa'88 <br />I <br />