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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />Collateral <br /> <br />1. SB1 can offer as collateral all of the project features. <br /> <br />2. SBI can offer as collateral a 160 acre pivot irrigated farm <br />located in the SE1/4 of Section 16, T6N, R53W. <br /> <br />Institutional Considerations <br /> <br />SB1 need authorization to borrow $239,850 from the CWCB <br />Construction Fund. The loan, if approved, from the CWCB will be <br />contingent upon the successful negotiation of a contract between <br />the CWCB and SB1. Agreements with contractors will be finalized <br />upon authorization of the CWCB loan. <br /> <br />Opinion of Feasibility <br /> <br />The selected alternative is technically and financially feasible. <br />There are no known roadblocks which would keep SB1 from <br />successfully completing this project. <br /> <br />Feasibility Study <br />Smart Bros. Aug Project <br />June 2004 <br /> <br />8 <br />