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s <br />5 <br />Property insurance fire and extended coverage and flood plain insurance, <br />if applicable, wil� be required on all above -ground structures including <br />equipment and machinery in an amount equal to the replacement value as <br />recomme ed by the project engineer and approved by the FmHA. No insur- <br />ance will be required on water reservoirs, standpipes and elevated tanks. <br />Requirements as outlined in "Appendix B" of FmHA Instruction 1933-A and <br />Item 21 of -"Contract Documents for Federally Assisted Water and Sewer <br />Projects" will be followed by the county engineer or architect for all <br />construction. <br />Workmen's compensation will be maintained as required by State Law. <br />Public liability and property damage insurance will be maintained as recom- <br />mended by the applicant's attorney and approved by the FmHA. If the county <br />Will own trucks, tractors, or other vehicles that frequently will be driven <br />over public highways, public liability and property damage insurance will be <br />required. <br />Fidelity bond coverage is required in the amount of $50,000.00 on the <br />position of the treasurer and./or others who handle collections and disburse <br />meats in an amount at least equal to the total amount of funds that will be <br />on band at any one time exclusive of loan funds. This bond will be obtained <br />prior to loan closing. Form FmHA 440-24, "Position Fidelity Bond," will be <br />used and copies are attached. The United States will be named as co -obligee <br />In the bond. The amount of the bond includes the initial loan made by FmHA. <br />Closing Instructions: <br />The loan will not be closed until the Regional Attorney has been furnished <br />all the documents required and has issued closing instructions. The county <br />attorney will carry out the Regional Attorney's closing instructions and will <br />certify that the loan has been closed in accordance with the Regional Attorney <br />closing instructions. <br />Other Requirements which Must be Met and Forms to'be Completed: <br />A rate schedule will be adopted by the county providing for the following <br />residential user rates: <br />Nater Rate <br />First 2,000 gallons $ 7.10per month - mi*+im m+ <br />All over 2,000 gallons $ 1.50 per 1,000 gallons <br />Commercial rates will be established as follows: <br />.ti <br />