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• <br />Memo - Stubbs Bay Sewer <br />July 22, 1993 <br />Page 2 <br />After review, it is stafFs recommendation to set up the program in two phases. <br />Phase I would allow qualified residents in the 50% median income bracket to apply for <br />the first 90 days and if they qualified, would have the entire cost paid for with a repayment <br />agreement. After 90 days if there were funds available, accept application for residents in the <br />80% median income bracket and set a maximum grant amount ot $1,500 toward the cost ot the <br />connection with a repayment agreement. <br />If there are more applicants tlian funds, we may want to consider allocating 1994 monies <br />toward the same program.