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<br />.. <br /> <br />Page Two <br />Smith Ditch Project <br /> <br />4} Here is a revised financial program: <br /> <br />TOTAL PROJECT COST <br /> <br />Preliminary estimated by NRCS <br /> <br />$ 1 SO,OOO <br /> <br />FUNDING: <br /> <br />TOTAL <br /> <br />50,000 <br />8,000 <br />20,000* <br />12,000 <br />60,000 <br />$ 150,000 <br /> <br />CWCB Loan 20 year 3.5% <br />NRCS <br />Colorado River District <br />Great Northern District <br />Upper Yampa District <br /> <br />( annual repayment $3,518.05) <br /> <br />*Note: The River District has received our application and will act on it at their <br />16 April meeting. <br /> <br />5} The Smith Ditch irrigators are well along in the process of forming a ditch company. <br /> <br />Sincerely, <br /> <br />UPPER Y AMP A WATER CONSERVANCY DISTRICT <br /> <br /> <br />Ene. <br />