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<br />e <br /> <br />e <br /> <br />We will, as a minimum, require the following information be submitted to us no later <br />than 12:00 Noon on Wednesday, March 12th in order to be able to present a <br />recommendation to the Board for the March 20 - 21 meeting: <br /> <br />1. A letter from LA WMA specifying the amount of the requested loan, the <br />lending rate and term requested, the source of the requested borrowing (the <br />Construction Fund, the Arkansas River Augmentation Loan Account or <br />both and release of moneys in the escrow account) and the amounts <br />requested from each source, <br /> <br />2. A detailed description of the water rights to be acquired including the <br />estimated yield of these rights as they would be utilized under the <br />LA WMA augmentation program and the estimated cost per acre-foot of <br />yield, <br /> <br />3. An appraisal of the water rights to be acquired, <br /> <br />4. An estimate of the extent to which this water rights acquisition along with <br />previous acquisitions of water rights by LA WMA will fulfill LA WMA's <br />augmentation requirements as they are currently understood in light of <br />recent or expected rulings of the Special Master in Kansas v. Colorado and <br />the direction of the State Engineer, <br /> <br />5. A discussion of any other means of offsetting LA WMA's depletions, other <br />than water rights acquisitions, which may be contemplated as part of the <br />overall augmentation program, <br /> <br />6. A discussion as to LA WMA's compliance with the requirements of SB <br />96-124 if any amount of the requested loan is funded from the Arkansas <br />River Augmentation Loan Account, <br /> <br />7. A financial analysis for LA WMA's entire augmentation program to <br />include: (a) the average cost per acre-foot of all water in LA WMA's <br />augmentation program, (b) an estimate of all expenditures for operating <br />expenses, contingencies, debt service, and payments to debt service <br />reserve funds over the entire 40 years of debt retirement (this could be <br />done on a "typical year" basis for years 1 through 10 and for years 11 <br />through 40), (c) identification of the sources of required revenues to offset <br />the preceding expenditures and the amount of revenue contemplated from <br />each source, and (d) anticipated dues structures for years 1 through 10 and <br />years 11 through 40 resulting from the preceding projections. <br />