32. Recommended by Water System Approval of Closing Resolution for Safe Drinking Water State Revolving Loan Fund Construction Financing for Western Trunk Line Phase 1. The proposed Resolution will accept low-interest, 2.1 percent financing, with an estimated interest savings of $39,622,628 and a repayment period of up to 30 years. Repayment commences one year after funded projects are certified to be complete. Determine item is exempt pursuant to CEQA Guidelines Section 15060(c)(3).