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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 /> <br />Conclusions <br /> <br />1. The Corporation is in good standing with the State of Colorado with the ability to enter into a <br />contract with CWCB for the purpose of obtaining a Construction Fund Loan. <br /> <br />2. Rights of way are adequate for the construction of this project. <br /> <br />3. The project would provide improved delivery of irrigation water to all of the members. <br /> <br />4. The total estimated cost of the Project is $230,000 and this will be fmanced in part by a <br />$96,019.11 grant from the NRCS. The Corporation is applying for a bridge loan for the full cost <br />of the project and a $ 133,980,00 <br />long-term loan from the CWCB Construction Fund for the amount not covered by the grant. <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />