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and thus qualifying for higher federal participation) are eligible for funding through an Environmental Protection Agency grant. That leaves $450,340 as the county’s share, money that must be borrowed and repayed — plus i n - terest—through user fees.
Deimer gave the WSA members a good breakdown of annual costs computed at various interest rates. Farmers Home Administration loan rates were at five percent when the restudy of the sewer project began. At that figure, the monthly user fee per equivalent dwelling unit would be $21.74, including loan amortization, ten percent coverage required by the FHA and annual operation and maintenance
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89.7%