<html><head></head><body><div class="ydp2b7c8000yahoo-style-wrap" style="font-family:garamond, new york, times, serif;font-size:16px;"><div><div><a href="https://www.redding.com/story/news/2018/11/27/trump-officials-announce-450-million-loan-california-sites-reservoir-project/2130237002/" rel="nofollow" target="_blank" class="">https://www.redding.com/story/news/2018/11/27/trump-officials-announce-450-million-loan-california-sites-reservoir-project/2130237002/</a><br></div></div><div><span><h1 class="ydp1b0777d6asset-headline ydp1b0777d6speakable-headline" itemprop="headline" style="color: rgb(51, 51, 51); font-stretch: normal; font-size: 32px; line-height: 34px; font-family: helvetica, arial, sans-serif; margin: 0px; padding: 20px 0px 0px 70px;">Trump officials announce $450 million loan for new California reservoir project</h1><div class="ydp1b0777d6asset-metabar" style="border: 1px solid rgb(230, 230, 230); border-top-left-radius: 3px; border-top-right-radius: 3px; border-bottom-right-radius: 3px; border-bottom-left-radius: 3px; margin: 20px 0px 23px 70px; width: 878px;"><span class="ydp1b0777d6asset-metabar-author ydp1b0777d6asset-metabar-item" style="display: inline-block; font-size: 12px; font-weight: 700; line-height: 14px; margin: 6px 0px 5px; padding: 2px 10px; position: relative;"><a href="http://www.redding.com/staff/10056270/damon-arthur/" style="color: rgb(78, 196, 255);" rel="nofollow" target="_blank">Damon Arthur</a>, Redding Record Searchlight</span><span class="ydp1b0777d6asset-metabar-time ydp1b0777d6asset-metabar-item ydp1b0777d6nobyline" style="display: inline-block; font-size: 12px; line-height: 14px; margin: 6px 0px 5px; padding: 2px 10px; position: relative; border: 0px; color: rgb(153, 153, 153);">Published 3:57 p.m. PT Nov. 27, 2018 | <span class="ydp1b0777d6asset-metabar-time-updated" style="font-weight: 700;">Updated 3:59 p.m. PT Nov. 27, 2018</span></span></div><div class="ydp1b0777d6asset-double-wide ydp1b0777d6double-wide ydp1b0777d6p402_premium" style="float: left; margin-left: 10px; position: relative; width: 600px; margin-bottom: 20px; color: rgb(34, 34, 34); font-family: Arial, sans-serif; background-color: rgb(250, 250, 250);"><div id="ydp1b0777d6module-position-RXXfgqm_Vts" class="ydp1b0777d6story-asset ydp1b0777d6video-asset"><div class="ydp1b0777d6ui-video-wrapper"><br></div></div><div id="ydp1b0777d6module-position-RXXfgqn5A-s" class="ydp1b0777d6story-asset ydp1b0777d6story-metadata-asset"><div class="ydp1b0777d6article-metadata-wrap" style="float: left; margin: 0px 30px 0px 60px; position: relative; width: 180px;"><div class="ydp1b0777d6image-wrap" style="background-color: rgb(255, 255, 255); padding: 3px; position: relative; cursor: pointer;"><img class="ydp1b0777d6expand-img-horiz" itemprop="url" src="https://www.gannett-cdn.com/presto/2018/11/27/PRRS/b067bbf2-3b67-4ca1-9979-ebac4118186e-sites.JPG?width=534&height=401&fit=bounds&auto=webp" alt="Sites Reservoir" data-mycapture-src="https://www.gannett-cdn.com/presto/2018/11/27/PRRS/b067bbf2-3b67-4ca1-9979-ebac4118186e-sites.JPG" data-mycapture-sm-src="https://www.gannett-cdn.com/presto/2018/11/27/PRRS/b067bbf2-3b67-4ca1-9979-ebac4118186e-sites.JPG?width=500&height=375" style="border: 0px; vertical-align: middle; max-width: 100%;" data-id="1543418411629"><span class="ydp1b0777d6toggle" style="background-image: url(https://www.gannett-cdn.com/uxstatic/redding/uscp-web-static-3563.0/images/sprites/asset-sprite.png); width: 21px; z-index: 200; min-height: 21px;"></span><span class="ydp1b0777d6mycapture-small-btn ydp1b0777d6mycapture-btn-with-text ydp1b0777d6mycapture-expandable-photo-btn-small ydp1b0777d6js-mycapture-btn-small" style="color: rgb(0, 0, 0); font-size: 11px; font-weight: 700; line-height: 18px; padding: 5px 9px 5px 10px; width: 78px; z-index: 1; min-height: 17px;">Buy Photo</span></div><p class="ydp1b0777d6image-credit-wrap" style="margin: 6px 0px 0px; padding: 0px 5px 0px 0px; font-weight: 700; font-stretch: normal; font-size: 11px; line-height: 16px; font-family: arial, sans-serif; color: rgb(100, 100, 100);"><span class="ydp1b0777d6js-caption-wrapper"><span class="ydp1b0777d6credit" style="font-style: italic; font-weight: 400;">(Photo: Damon Arthur/Record Searchlight)</span></span></p></div></div><div id="ydp1b0777d6module-position-RXXfgqnEF2o" class="ydp1b0777d6story-asset ydp1b0777d6inline-share-tools-asset"><div class="ydp1b0777d6inline-share-tools ydp1b0777d6asset-inline-share-tools ydp1b0777d6asset-inline-share-tools-top" style="margin: 0px 0px 15px 60px; white-space: nowrap;"><span class="ydp1b0777d6inline-share-btn ydp1b0777d6inline-share-btn-facebook" data-share-method="facebook" data-uotrack="InlineShareFacebookBtn" style="border-right-width: 1px; border-right-style: solid; border-right-color: rgb(214, 214, 214); cursor: pointer; display: inline-block; outline: 0px; padding: 0px 10px; position: relative; text-align: center; min-height: 28px;"><span class="ydp1b0777d6inline-share-count ydp1b0777d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</span></p><div class="ydp1b0777d6clearfix"></div></div><p class="ydp1b0777d6p-text" style="margin: 0px 0px 15px 60px; font-stretch: normal; font-size: 14px; line-height: 22px; font-family: arial, sans-serif; color: rgb(51, 51, 51);">Zinke and Perdue also visited Paradise on Monday to see the devastation from the Camp Fire, which has killed an estimated 88 people and destroyed nearly 19,000 buildings in Butte County.</p><p class="ydp1b0777d6p-text" style="margin: 0px 0px 15px 60px; font-stretch: normal; font-size: 14px; line-height: 22px; font-family: arial, sans-serif; color: rgb(51, 51, 51);">Sites officials say the reservoir provides more flexibility for the state’s water system because during times of the year when runoff levels are high, water can be pumped from the Sacramento River and stored at Sites.</p><p class="ydp1b0777d6p-text" style="margin: 0px 0px 15px 60px; font-stretch: normal; font-size: 14px; line-height: 22px; font-family: arial, sans-serif; color: rgb(51, 51, 51);">During drier periods, water can be taken from Sites, which will be the seventh-largest reservoir in the state, and used for irrigation and drinking water, officials said.</p><p class="ydp1b0777d6p-text" style="margin: 0px 0px 15px 60px; font-stretch: normal; font-size: 14px; line-height: 22px; font-family: arial, sans-serif; color: rgb(51, 51, 51);">Sites will allow the U.S. Bureau of Reclamation to keep more water in Lake Shasta, which will benefit salmon that spawn in the Sacramento River in the Redding area, said Jeff Sutton, general manager of the Tehama-Colusa Canal Authority.</p><div class="ydp1b0777d6partner-placement ydp1b0777d6partner-spike ydp1b0777d6partner-placement-visible" data-ad-placement="native-article_link" data-ad-sizes="[fluid,[3,3]]" id="ydp1b0777d6ad-position-146" data-monetization-id="native-article_link" data-monetization-sizes="fluid,3,3"><div class="ydp1b0777d6ad-slot" id="ydp1b0777d6ad-slot-7103-ca-redding-C1265-native-article_link-homepage-103" data-google-query-id="COPRy82u994CFcGLaQodlCsO6Q"><div style="border: 0pt none;"><div class="ydp1b0777d6tlod" style="display: inline;"><div class="ydp1b0777d6tl-unit-mid-article ydp1b0777d6tltpvclass_96651"><a class="ydp1b0777d6plr-rr ydp1b0777d6plr-rr__story-from ydp1b0777d6tl-clickthrough-url" href="https://eb2.3lift.com/pass?tl_clickthrough=true&redir=https%3A%2F%2Finsight.adsrvr.org%2Ftrack%2Fclk%3Fimp%3D61aa5263-b663-4911-8101-982408734786%26ag%3D1fyjbo4%26sfe%3De3631ea%26sig%3D7rZe5EFQWregbstwyLoQjFLrwr7hGByne1GYn-QSCOo.%26crid%3Db1uq84c7%26cf%3D258136%26fq%3D0%26td_s%3Dwww.redding.com%26rcats%3D7sp%2C5rf%2Cy29%26mcat%3D%26mste%3D%26mfld%3D4%26mssi%3DNone%26mfsi%3Drmrwvkfe7c%26sv%3Dtriplelift%26uhow%3D79%26agsa%3D%26rgco%3DUnited%2520States%26rgre%3DCalifornia%26rgme%3D813%26rgci%3DMount%2520Shasta%26rgz%3D96067%26dt%3DPC%26osf%3DOSX%26os%3DOther%26br%3DSafari%26svpid%3D4655%26rlangs%3Den%26mlang%3D%26did%3Dtlx-4206%26rcxt%3DOther%26tmpc%3D%26vrtd%3D%26osi%3D%26osv%3D%26daid%3D%26dnr%3D0%26vpb%3D%26svsc%3D%26dur%3DCj4KIWNoYXJnZS1hbGxEb3VibGVWZXJpZnlCcmFuZFNhZmV0eSIZCPH__________wESDGRvdWJsZXZlcmlmeQo_CiJjaGFyZ2UtYWxsRG91YmxlVmVyaWZ5Qm90QXZvaWRhbmNlIhkI5___________ARIMZG91YmxldmVyaWZ5%26crrelr%3D%26npt%3D%26svscid%3D63790%26mk%3DApple%26mdl%3DSafari%2520-%2520OS%2520X%26adpt%3Dtl_ltriplelift%26ipl%3D17610%26atst%3D1%26r%3Dhttps%3A%2F%2Fservedby.flashtalking.com%2Fclick%2F3%2F88681%3B3228632%3B50126%3B211%3B0%2F%3Furl%3Dhttps%3A%2F%2Fwww.uscellularmedia.com%2Fbannerland%2Fvendor%2Fm%2Fevergreenprepaid.html&tluid=18315444629454319011" style="color: rgb(25, 144, 229); font-family: Futura Today, Helvetica, sans-serif; margin: 0px 0px 15px 60px; padding: 10px 0px; position: relative; border-style: solid; border-color: rgb(157, 157, 157); border-width: 1px 0px;" rel="nofollow" target="_blank"><div class="ydp1b0777d6plr-rr__content"><div class="ydp1b0777d6plr-rr__above_title" style="font-family: Futura Today DemiBold, Helvetica, sans-serif; font-size: 12px; line-height: 1.15; margin-bottom: 5px; text-transform: uppercase;">BY U.S. CELLULAR PREPAID</div><div class="ydp1b0777d6plr-rr__content__title ydp1b0777d6plr-long ydp1b0777d6tl-heading" style="font-weight: 600; line-height: 1.15;">No credit check, overages or activation fees with U.S. Cellular prepaid plans.</div><div class="ydp1b0777d6plr-rr__below_title ydp1b0777d6plr-rr__sponsored-by" style="color: rgb(0, 0, 0); font-family: Futura Today DemiBold, Helvetica, sans-serif; font-size: 12px; line-height: 1.08; margin-top: 15px;">See more →</div></div><div class="ydp1b0777d6plr-img" style="display: inline-block; margin-left: 20px; position: relative; width: 93px; background-size: cover !important; min-height: 93px;"><img src="https://img.3lift.com/?width=93&height=93&url=%2F%2Fimages.3lift.com%2F4204831.jpg&logo_exclude=&v=17" class="ydp1b0777d6ggnoads" style="border: 0px; vertical-align: middle; max-width: 100%;" data-inlineimagemanipulating="true"></div></a></div></div></div></div></div><p class="ydp1b0777d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, though.</p><div id="ydp1b0777d6module-position-RXXfgqn8qVQ" class="ydp1b0777d6story-asset ydp1b0777d6oembed-asset"><div class="ydp1b0777d6story-oembed-wrap" style="margin: 0px 0px 15px 50px;"><div class="ydp1b0777d6js-oembed ydp1b0777d6story-oembed ydp1b0777d6story-oembed-redding-record-searchlight ydp1b0777d6story-oembed-type-link" data-oembed-type="link" data-oembed-provider="redding-record-searchlight" style="max-width: 100%; clear: both; text-align: center; width: 540px;"><div class="ydp1b0777d6oembed-asset ydp1b0777d6oembed-asset-link ydp1b0777d6oembed-asset-redding-record-searchlight ydp1b0777d6oembed-simple-link-container" style="border: none; background-color: transparent; margin-left: 10px;"><a href="https://www.redding.com/story/news/2018/10/19/trump-wants-cut-red-tape-hasten-water-projects-california/1701171002/" data-track-label="newrecircinline" class="ydp1b0777d6oembed-simple-link ydp1b0777d6oembed-link-anchor" style="color: rgb(25, 144, 229); display: block; clear: both;" rel="nofollow" target="_blank"><p class="ydp1b0777d6oembed-link-desc" style="margin: inherit; font-stretch: normal; font-size: 14px; line-height: 16.799999237060547px; font-family: Helvetica, arial, sans-serif; color: rgb(0, 155, 255); text-align: left;">Trump wants to cut red tape, hasten water projects in California</p><div style="clear: both;"></div></a></div></div></div></div><p class="ydp1b0777d6p-text" style="margin: 0px 0px 15px 60px; font-stretch: normal; font-size: 14px; line-height: 22px; font-family: arial, sans-serif; color: rgb(51, 51, 51);">The loan will need to be paid off in 40 years at 3.875 percent interest, Marquart said. Money to repay the loan will come from rural and urban water users, Watson said.</p><p class="ydp1b0777d6p-text" style="margin: 0px 0px 15px 60px; font-stretch: normal; font-size: 14px; line-height: 22px; font-family: arial, sans-serif; color: rgb(51, 51, 51);">It could be some time, though, before ratepayers see the cost of the projects on their water bills.</p><p class="ydp1b0777d6p-text" style="margin: 0px 0px 15px 60px; font-stretch: normal; font-size: 14px; line-height: 22px; font-family: arial, sans-serif; color: rgb(51, 51, 51);">The Sites Authority, made up of 31 water agencies, is still going through environmental studies necessary before the project can be built.</p><div class="ydp1b0777d6partner-outstream"></div><p class="ydp1b0777d6p-text" style="margin: 0px 0px 15px 60px; font-stretch: normal; font-size: 14px; line-height: 22px; font-family: arial, sans-serif; color: rgb(51, 51, 51);">Watson said the intertie should be complete by 2024, and he envisioned Sites Reservoir being completed by 2030.</p><p class="ydp1b0777d6p-text" style="margin: 0px 0px 15px 60px; font-stretch: normal; font-size: 14px; line-height: 22px; font-family: arial, sans-serif; color: rgb(51, 51, 51);">Financing for the $6.4 billion project is still being assembled, Watson said. But he expects the reservoir to be paid for through a series of loans, bonds and grants.</p><p class="ydp1b0777d6p-text" style="margin: 0px 0px 15px 60px; font-stretch: normal; font-size: 14px; line-height: 22px; font-family: arial, sans-serif; color: rgb(51, 51, 51);">Watson said he expects finance charges on all the loans to cost around $2 billion on top of the construction costs.</p><p class="ydp1b0777d6p-text" style="margin: 0px 0px 15px 60px; font-stretch: normal; font-size: 14px; line-height: 22px; font-family: arial, sans-serif; color: rgb(51, 51, 51);">The state has already granted the Sites project $816 million from the Proposition 1 water bond. The authority also plans to seek loans from the EPA and the U.S. Bureau of Reclamation.</p><div id="ydp1b0777d6module-position-RXXfgqmfw2E" class="ydp1b0777d6story-asset ydp1b0777d6oembed-asset"><div class="ydp1b0777d6story-oembed-wrap" style="margin: 0px 0px 15px 50px;"><div class="ydp1b0777d6js-oembed ydp1b0777d6story-oembed ydp1b0777d6story-oembed-redding-record-searchlight ydp1b0777d6story-oembed-type-link" data-oembed-type="link" data-oembed-provider="redding-record-searchlight" style="max-width: 100%; clear: both; text-align: center; width: 540px;"><div class="ydp1b0777d6oembed-asset ydp1b0777d6oembed-asset-link ydp1b0777d6oembed-asset-redding-record-searchlight ydp1b0777d6oembed-simple-link-container" style="border: none; background-color: transparent; margin-left: 10px;"><a href="https://www.redding.com/story/news/2018/10/23/president-trumps-water-memo-making-waves-across-california/1733744002/" data-track-label="newrecircinline" class="ydp1b0777d6oembed-simple-link ydp1b0777d6oembed-link-anchor" style="color: rgb(25, 144, 229); display: block; clear: both;" rel="nofollow" target="_blank"><p class="ydp1b0777d6oembed-link-desc" style="margin: inherit; font-stretch: normal; font-size: 14px; line-height: 16.799999237060547px; font-family: Helvetica, arial, sans-serif; color: rgb(0, 155, 255); text-align: left;">Q&A: What Trump's water memo means</p><div style="clear: both;"></div></a></div></div></div></div><p class="ydp1b0777d6p-text ydp1b0777d6p-text-last" id="ydp1b0777d6article-body-p-last" style="margin: 0px 0px 15px 60px; font-stretch: normal; font-size: 14px; line-height: 22px; font-family: arial, sans-serif; color: rgb(51, 51, 51);"> </p></div></span></div></div></body></html>