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<br />I <br /> <br /> <br />I <br /> <br />I <br />r <br />I <br /> <br />I <br />I <br />I <br />I <br />II <br />. <br />. <br />~ <br />~.... <br /> <br />(c) Vail Valley Consolidated Water District revenues: <br /> 1m .l9.2A <br /> Water Enterprise Fund: <br /> (tap fees, water service fees, <br /> taxes, investment income, <br /> transfers, other) $ 1,575,659 $ 2,255,314 <br /> General Government Fund: <br /> (property taxes and transfers) 551,909 471,269 <br /> Debt Service Fund: <br /> (tap fees, property taxes, <br /> ownership taxes, investment <br /> income, other) 458~ 482.935 <br /> Total Revenues $ 2,585,627 $ 3,209,518 <br />(d) Vail Associates, Inc. revenues: <br /> <br />Gross revenues exceed $100 million per year in both 1993 and 1994; gross <br />revenues include revenues from lift tickets, ski school, hospitality, food <br />service and other operations. <br /> <br />4. <br /> <br />Please provide a brief narrative description of potential sources of funding (in <br />addition to the CWCB) which have been explored or which will be explored <br />for the proposed project. Other sources of outside borrowing have not been <br />explored thus far. However, based on the experience of the Clinton Reservoir <br />transaction, given the mix of public and private entities, other sources of funding <br />are not readily available. <br /> <br />5. <br /> <br />What collateral will you be offering for this loan? Shares of stock in the ditch <br />and reservoir company to be formed. We propose that the structure of the <br />collateral and loan documentation be similar to the Clinton Reservoir transaction <br />with the Conservation Board. <br /> <br />11 <br /> <br />=125458 <br />