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<br />10. What loan amount and terms are you requesting? (please call for our current rates before <br />completing this section): <br /> <br />Requested loan amount <br />Term (length) of loan: <br />Interest rate: <br /> <br />$ 50,000.00 <br />20 years <br />3.5 % <br /> <br />(Usually 75% of Estimate Total Costs) <br />(Usually 10, 20, or 30 years) <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 have the <br />financial capacity to repay any loans made by the CWCB. The following information is requested to assist <br />the CWeB in a preliminary assessment of the applicant's financial capacity. It is also requested that the <br />project sponsor submit with this application copies of the two most recent annual reports, financial <br />statements, corporate reports or other current documentation of 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 addresses <br />oflenders, amounts, due dates and maturity dates. (You may attach a separate schedule if you <br />wish): <br /> <br />SEE ATTACHMENT B <br /> <br />2. Are any of the above liabilities now in default, or been in default at any time in the past? <br />YES_ NO..x.. If "YES", please give detailed explanation: <br /> <br />3. Please provide a summary of all revenues received during the last two fiscal years by category <br />(such as service charges, tap fees, assessments, etc.): <br />(SEE ATTACHMENT C FOR RIDGWAY BUDGET) <br /> <br />Source <br /> <br />Amount 97 <br /> <br />Amount 98 <br /> <br />Taxes $ 338.457 <br />Sewer Enterprise Fund $ 13 1.204 <br />(Base Rate for Commercial!Residential Water & Sewer = $15.00 per month) <br />Water Enterprise $ 195,000 $ 162.336 <br />(Base Rate for Commercial Water = $16.75 per month. Base Rate for Residential Water = $22.00 per month-up to <br />22,000gal) <br />General1morovement Dist. <br /> <br />$ 373,044 <br />$ 113.257 <br /> <br />$ 125,000 <br /> <br />$ 126,500 <br /> <br />Total <br /> <br />$ 789,961 <br /> <br />$ 775,137 <br /> <br />-4- <br />