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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />CWCB Construction Fund Loan Application <br /> <br />Estimated Other Costs: $ <br />Estimated Total Costs: $3,309852 <br />10. Loan amount and terms you are requesting. <br />Requested Loan Amount: $2,978,867 <br />Term (length) ofloan: 30 <br /> <br />(land acquisition, water rights purchase,etc.) <br /> <br />(Usually 75-90 % of Est. Total Costs) <br /> <br />years (Usually 10,20, or 30 years) <br /> <br />Interest Rate: <br /> <br />3.5 <br /> <br />% (Please call for our current rates) <br /> <br />Part C. - Project Sponsor Financial Information <br /> <br />Because the CWCB Construction Fund is a revolving fund, it is important that the project sponsor <br />have the financial capacity to repay any loans made by the CWCB. The following information is <br />needed to assist the CWCB in a preliminary assessment of the applicant's financial capacity. It is <br />also requested that the project sponsor submit with this application, copies of the three most recent <br />annual reports, financial statements, corporate reports or other current documentation of financial <br />condition and operations. <br /> <br />1. List any existing long-term liability (multi-year) or indebtedness that exceeds one thousand <br />dollars. For example, bank loans, government agency loans, bond issues, accounts payable, etc. <br />Include names and addresses of lenders, amounts, due dates and maturity dates. Attach a <br />separate schedule, if needed. <br /> <br />Lender Name & Address <br /> <br />Remaining <br />Amount <br /> <br />Annual <br />Payment <br /> <br />85,000 <br /> <br />Maturity <br />Date <br /> <br />Water Revenue Bonds for Lake Ranch Project <br /> <br />600,000 <br /> <br />2014 <br /> <br />2. Are any of the above liabilities now in default, or been in default at any time in the past? <br />YES_NO _xx _. If YES, please give detailed explanation. <br /> <br />3. Please provide a brief narrative description of sources of funding, in addition to the CWCB, <br />which have been explored for this project (Examples would be Banks, USDA Rural <br />Development, NRCS, Colorado Water Resources and Power Development Authority, Colorado <br />Division of Local Government, etc.). <br /> <br />4 <br />