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Changes Since May 20 <br />First Change <br />• Increase in State Revolving Fund (SRF) loan funding <br />available for portion of the debt <br />• Interest rate lower than WIFIA loan - 1.6% vs. 2.4% <br />• $1.8 million in savings to the City <br />Second Change <br />• Belmont using cash to pay a portion of their debt <br />9 Changes other members share of debt financing <br />