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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 />100% of this proposed purchase is necessary to allow this purchase to proceed. LA WMA would <br />need the requested funds by October 1,2003 which is the currently scheduled date of the closing of <br />the purchase of the water rights. <br /> <br />D. Service of LA WMA's Current CWCB Loans and Proposed Loan for Purchase of <br />One-Half of the Keesee Water Rights. <br /> <br />LA WMA's current CWCB loans are summarized in the table in Section VI. A. of this <br />report. Below is a table that depicts LA WMA's CWCB loan payment schedule from 2004 through <br />2043 when all of LA WMA's CWCB loans are scheduled to be paid-off. <br /> <br />LA WMA'S CURRENT CWCB LOAN PAYMENT SCHEDULEs (CURRENT) <br /> <br />Loan No. 2004 - 2006 2007 2008 - 2009 2010 - 2013 2014 - 2036 2037 - 2043 <br />C153715 $122,000 $122,000 $199,184 $199,184 $199,184 <br />C153678 $ 11,052 <br />C153756 $ 9,154 $ 9,154 $ 9,154 <br />C153768 $ 67,200 $ 67,200 $ 67,200 $ 67,200 $89,297 $89,297 <br />TOTALS $209,406 $198,354 $275,538 $266,384 $288,481 $89,297 <br /> <br />LA WMA' s annual payment on the proposed new CWCB loan in the amount of <br />$2,250,000 for the purchase of one-half of the Keesee water rights would be approximately $1 07,500 <br />if its term were for 30 years at 2.5%. Adding an additional $107,500 in annual payments for the <br />acquisition of one-half of the Keesee water rights to LA WMA's current CWCB loans would make <br />LA WMA's annual CWCB loan payments increase as depicted in the table below: <br /> <br />5 Assumes that Loan No. C153768 is closed out in conjunction with the acquisition of one- <br />half of the Keesee waterrights with a principal balance of approximately $1,875,584 and LA WMA' s <br />first payment is made in 2004. <br /> <br />13 <br />