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�: Financial Plan The total cost of the project is $95,000. $83,000 or approx. 90� may come from a ioan with the Colorado Water Conservation Board, and the remainder from the project sponsor, UPBCC. The UPBCC is in strong financial condition, and currently has no long term debt outstanding. � A$83,000 CWCB loan at 2.25% interest over a 10-year repayment period would calculate to an annual payment of $10,297. The loan payment of $10,297 amounts to an additional assessment of $8.50 per share or approximately $0.34 per acre feet diverted. The $8.50 will be added to the existing share assessment of $65.00 bring the UPBCC yearly assessment to $73.50 per share. This increase will stay in effect throughout the duration of the loan. The increased assessment will bring in the extra revenue needed to cover the CWCB payment. This financial analysis should stay consistent over the period of the CWCB debt retirement. C� I• Collateral l. The UPBCC can offer a collateral interest in assessments collected from its shareholders to repay the debt, and the project itself, if approved of the shareholders. 2. The UPBCC can offer as collateral, one payment in a certificate of deposit account, to be held by the State Treasurer, if approved by vote of the Board of Directors. Institutional Considerations The UPBCC needs authorization to borrow $83,000 from the CWCB Emergency Infrastructure Repair Account. The loan, if approved, from the CWCB will be contingent upon the successful negotiation of a contract between the CWCB and the UPBCC. Agreements with contractors will be finalized upon authorization of the CWCB loan. I� Opinion of Feasibility The selected alternative is technically and financially feasible. There are no known roadblocks which would keep the UPBCC from successfully completing this project. Feasibility Study Upper Platte and Beaver Canal Company Diversion Structure March 2002 �� 10