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<br />CWCB Construction Fund Loan Application <br /> <br />~ 1..15)00<:) <br />Estimated Total Costs: $ 335J100.00 <br /> <br />10. Loan amount and terms you are reque&ting. <br />11')., '-\115'00 <br />Requested Loan Amount: $ 300.000.00 <br /> <br />Term (length) ofloan: 30 <br /> <br />Interest Rate: 2.5 <br /> <br />~-8' b (<6{ oLt <br /> <br />(Usually 75% of Estimated Total Costs) <br /> <br />years (Usually 10,20, or 30 years) <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 CWCB. 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, fmancial statements, corporate reports or other current documentation of fmancial <br />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 />of lenders, amounts, due dates and maturity dates. Attach a separate schedule, if needed. <br /> <br />Remaining Annual Maturity <br />Lender Name & Address Amount Payment Date <br /> <br />Farm Credit Services <br /> <br />345.000.00 <br /> <br />44.090.00 <br /> <br />2015 <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 /> <br />Rent Income: 175.747.00 (2003) <br /> <br />Interest Income: 1.438.00 (2003) <br /> <br />TOTAL INCOME 177.185.00 (2003) <br /> <br />126.654.00 (2002) <br />9.060.00 (2002) <br />135.714.00 (2002) <br /> <br />4. Please provide a brief narrative description of sources of funding, in addition to the CWCB, <br />which have been explored for this project (Examples would be Banks, Rural Development, <br />NRCS, Colorado Water Resources and Power Development Authority, Colorado Division of <br />Local Government, etc.). We have $90.000.00 in 1031 exchange moneys that we will be <br /> <br />L1 <br /> <br />("'Dr ^ Of\.., <br />