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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 />Chapter VI - Selection of Alternative and Financial Plan <br /> <br />F. Financial Program <br /> <br />The financial program is presented for 2003 loan request. The Company is seeking funding <br />from the CWCB for 73.6 percent of the Project Costs shown in table VI-3. The maximum funding <br />percentage that the Company can receive is 85 percent, however, the CWCB can only issue a loan in <br />the amount of $1 ,000,000 at this time. Additionally, the CWCB imposes a one percent fee, therefore <br />the company would actually receive $990,000 as shown in Table VI-3. The composite percentage of <br />85 percent is shown in table VI-5 and is computed based on the number of shares that are in <br />agricultural and municipal uses. The blended lending rate for the CWCB loan, shown in Table VI-6 <br />is also computed based on the number of shares that are in agricultural and municipal uses. Table <br />VI-4 lists the number of shares and their use. <br /> <br />Table VI-4 <br />Summary of Water Shares <br /> <br />Description Shares <br />Greeley and Loveland Irrigation Company Shares 1640.00 <br />City of Greeley Shares of Greeley and Loveland Irrigation Company Shares 760.51 <br />City of Greeley Shares In Agricultural Use 232.50 <br />City of Greeley Shares In Municipal Use 528.01 <br />Seven Lakes Irrigation Company Shares 400.00 <br />City of Greeley Shares of Seven Lakes Irrigation Company Shares 184.83 <br />City of Greeley Shares In Agricultural Use 99.25 <br />City of Greeley Shares In Municipal Use 85.58 <br />Lake Loveland Shares1 300.00 <br />City of Greeley Shares of Lake Loveland Shares 136.50 <br />City of Greeley Shares In Agricultural Use 70.75 <br />City of Greeley Shares In Municipal Use 67.75 <br />Total System Shares 2340.00 <br />Total City of Greeley Sh~es 1081.84 <br />Total City of Greeley Shares In Agricultural Use 402.50 <br />Total City of Greeley Shares In Municipal Use 679.34 <br />1 - Lake Loveland Shares were setup for water accounting only <br /> <br />Boyd Lake Dam Outlet System Feasibility Study <br /> <br />27 <br /> <br />BCJVLE <br />