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I I I I I I I I I I I I I I I I I I I PERMITTING: The Forest Service requirements will have to be satisfied regarding the applicability of the existing reservoir land use peIlIlit. It will also be necessary to accommodate issues raised by the NEP A analysis. Section 404 peIlIlit requirements will be addressed with the Corps of Engineers. INSTITUTIONAL CONSIDERATIONS: Entities that are, or may be, involved in the design, construction and fmancing of the project include: Overland Ditch and Fteservoir Company (ODFtC), financing and project management Western Engineers, Inc., design and construction quality assurance Colorado Water Conservation Board (CWCB), financing and construction ODFtC will be the lead agency for the financing, design and construction of the project and will be the entity entering into contracts and afPreements with the various parties for the services provided by each. FINANCIAL ANALYSIS: The ODFtC is applying for a loan from the CWCB in a maximum amount of$1,130,000 which represents 90% of the estimated $1,254,550 total cost of the project. It is anticipated that the additional $124,550 will be obtained from a separate loan. Estimated amounts by entity are shown in Table 2 below: Entity ODFtC CWCB Totals Table 3 - Sources of Fundin2 Loan % Participation $124,550 10% $1,130,000 90% $1,254,550 100% ODFtC will cover any costs that exceed the estimated project cost. ODFtC is requesting a 30 year loan from the CWCB. The current ownership of the ODFtC stoclc is 100 percent agricultural with the applicable rate of2.5 percent. No loan commitments have been made for the ODFtC contribution. The financial analysis included herein is based on the assumption that this direct contribution would be obtained at an 8 percent interest rate over 10 years. 7