Laserfiche WebLink
<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 />Table VI-5 <br />Calculation of Composite Funding Percentage <br /> <br />Entity <br /> <br />Assumed Funding <br />Percentage (%) <br /> <br />No. of Shares <br /> <br />Pro- Rated <br /> <br />Agricultural Water Users 90 <br />City of Greeley - Agricultural Use 90 <br />City of Greeley - Municipal Use 75 <br />Composite Funding. Percentage <br /> <br />1258.16 <br /> <br />402.50 <br /> <br />679.34 <br /> <br />. 2,340.00 <br /> <br />48 <br /> <br />15 <br /> <br />22 <br /> <br />85 . <br /> <br />Table VI-6 <br />Calculation of Blended Lending Rate <br /> <br />Entity <br /> <br />Assumed Rate (% ) <br /> <br />No. of Shares <br /> <br />Pro- Rated <br /> <br />Agricultural Water Users <br />City of Greeley - Agricultural Use <br />City of Greeley - Municipal Use <br /> <br />2.75 <br /> <br />2.75 <br /> <br />3.75 <br /> <br />1258.16 <br /> <br />402.50 <br /> <br />679.34 <br /> <br />2,340.00 <br /> <br />1.48 <br /> <br />0.47 <br /> <br />1.09 <br /> <br />3.04 <br /> <br />Blended Interest Rate <br /> <br />This study assumes that the 2003 funding percentage for which the agricultural shares would <br />be assessed is 90 percent and the 2003 lending rate for which the municipal shares would be assessed <br />is 75 percent. A blended funding percentage of 85 percent was computed based on agricultural and <br />municipal use. <br /> <br />Similarly, this study assumes that the 2003 lending rate for which the agricultural shares <br />would be assessed is 2.75 percent and the 2003 lending rate for which the municipal shares would be <br />assessed is 3.75 percent. A blended rate of 3.04 percent was computed based on agricultural and <br />municipal use. <br /> <br />. A Construction Fund Loan of $1 ,000,000 at an assumed lending rate of 3.04 percent would <br />result in annual payments of approximately $51,283. The feasibility study includes revenue and <br />expenditure projection for the entire period of debt retirement indicating that assessments could be <br />increased to pay all operating expenses plus CWCB debt service. The projection also indicates that <br /> <br />Boyd Lake Dam Outlet System Feasibility Study <br /> <br />28 <br /> <br />BCJ."LE <br />