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<br />'" <br /> <br />CWCB Construction Fund Loan Application <br /> <br />Alan Jensen, City Attorney, 606 Manitou Avenue, Manitou Springs, CO 80829 (719) 685- <br />2559 <br /> <br />List any feasibility studies or other investigations that have been completed or are now in progress <br />for the proposed project. Please submit one copy of each completed study with this application. <br /> <br />A feasibility study has been prepared in conjunction with this application and is submitted herewith. <br /> <br />9. Estimated cost of the project: Anticipated purchase price: $25010001 of <br />which the Mineral Springs Foundation will contribute $901000. <br /> <br />10. Loan amount and terms you are requesting. <br />Requested Loan Amount: $160,000 <br /> <br />(Usually 75% of Estimated Total Costs) <br /> <br />Term (length) of loan: Undecided but considering ten years. (Usually 10,20, or 30 years) <br /> <br />Interest Rate: <br /> <br />3.75% <br /> <br />(Please call for our current rates) <br /> <br />Part C. - Project Sponsor Financial Information <br /> <br />Because the CWCB Construction Fund is a revolving fund, it is important that the project sponsor <br />have the financial capacity to repay any loans made by the CWCR The following information is <br />needed to assist the CWCB in a preliminary assessment of the applicant's financial capacity. It is <br />also requested that the project sponsor submit with this application copies of the two most recent <br />annual reports, financial statements, corporate reports or other current documentation of <br />financial condition and operations. <br /> <br />1. List any existing liability or indebtedness that exceeds one thousand dollars. For example, bank <br />loans, government agency loans, bond issues, accounts payable, etc. Include names and <br />addresses of lenders, amounts, due dates and maturity dates. Attach a separate schedule, if <br />needed. <br /> <br />T ,encier N~me & Aciciress <br /> <br />Remaining <br />A mount <br /> <br />Annual <br />PHyment <br /> <br />Maturity <br />D~te <br /> <br />U.S. Bank <br />Dept. CM 9705 <br />P.O, Box 70870 <br />St. Paul, MN 55170-9705 <br /> <br />$108,806.00 <br /> <br />Has varied <br />from <br /> <br />3/112003 <br /> <br />$106,000 to $123,000 <br /> <br />4 <br /> <br />CFLA902 <br />