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<br />. <br /> <br />. <br /> <br />. <br /> <br />Conclusions <br /> <br />1. The Pinewood Springs Water District is an incorporated entity in the State of Colorado with <br />the ability to enter into a contract with the CWCS for the purpose of obtaining a Construction <br />Fund loan. <br /> <br />2. Voters have approved expenditures of funds for the project and via public hearings and <br />notifications have been infonned of the details of this project See enclosed copy of <br />verification of election results to 'Increase Taxes and To Increase Debt. <br /> <br />3. The project will provide for the guaranteed delivery of potable water at a rate of 200gal per ~Q ~ <br />day to customers. <br /> <br />X' <br /> <br />4. The total estimated cost of the project is $3,109,067 and this will be financed, by loans from <br />the CWCB ($2,033,850), the Colorado DWRF ($875,625), prior expenditures of PSWD <br />($83,172). <br /> <br />5. The project is technically and financially feasible. <br />