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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 />3. The project would provide improved delivery of irrigation water to Members. <br />4. The total estimated cost of the project is $574,000 and this will be financed, in <br />part by a grant from the NRCS of 75% of the project cost. The Company is <br />applying for a bridge loan for the full cost of the project and a $143,529 long- <br />term loan from the CWCB Construction Fund for the amount not covered by <br />the Federal grant. <br />5. The Company is eligible for a loan from the CWCB. <br />6. The project is technically and financially feasible. <br />