Committee member urges Prop 218–style rate study before applying for loan
A committee member moved that the board hire advisers and proceed with a rate study under the Prop 218 process to evaluate amortization options and set equitable rates before finalizing any loan application.
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A committee member proposed hiring consultants to conduct a rate study and to prepare for the Prop 218 process prior to applying for USDA financing. The member said consultants could provide amortization options and help determine the most politically and financially feasible rate structure.
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