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<br />10 <br /> <br />Project Cost <br />Loan Amount (75% of Proiect Cost) <br />CWCS Loan Payment Amount, includinQ 10% loan reserve <br />Number of Shareholders <br />Number of users <br />Current Assessment per Share per month <br />Future Assessment per Share (may be adjusted upon completion) <br /> <br />$170,000 <br />$153,000 <br />$9439.55 <br />21 <br />23 <br />$40 <br />$40 <br /> <br />Credit worthiness: HOC has no existing debt. <br /> <br />Alternative financing considerations: The HOC has investigated alternative financing <br />sources. None of the sources were feasible alternatives. <br /> <br />Collateral: As security for the CWCS loan the HOC can pledge its water rights <br /> <br />Economic Analysis <br /> <br />The economic benefit of the project is considerable. The subdivision is homes which would not <br />be livable or saleable without adequate water. <br /> <br />Social and Physical Impacts <br /> <br />The social impact is the quality of life for 23 households. <br /> <br />Conclusions <br /> <br />1. The Hope Ditch Company is an incorporated entity in the State of Colorado with the ability to <br />enter into a contract with the CWCS for the purpose of obtaining a well loan. <br /> <br />2. Rights-of Way easements are adequate for this project. <br /> <br />3. The project would provide for the continued delivery of water to the users. <br /> <br />4. The total estimated cost of the project is $170,000 and this will be financed, in part, by in- <br />house financing and the remainder from CWCS. <br /> <br />5. Hope Ditch Company is eligible for a loan from the CWCS Emergency Infrastructure Repair <br />Account because the project is necessary to avoid unreasonable risk of injury or damage to <br />human health or well-being or to property or crops, and because the emergency condition is <br />not the result of negligence in the operation or maintenance of the infrastructure. <br /> <br />6. The project is technically and financially feasible. <br /> <br />Hope Ditch Company <br />Replacement Well Feasibility Study <br />December 2005 <br /> <br />Page 10 of 10 <br />