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<br />Collateral <br /> <br />As security for the loan, RID will pledge all the rights of water <br />purchased with the CWCB loan. <br /> <br />Institutional Considerations <br /> <br />RID needs authorization to borrow $1,450,000 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 RID. <br /> <br />Opinion of Feasibility <br /> <br />The selected alternative is technically and financially feasible. <br />There are no known roadblocks, which would keep RID from <br />successfully completing this project. <br /> <br />Feasibility Study <br />RID Water Rights Project <br />February 2006 <br /> <br />6 <br />