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<br />..,- <br />/ " <br /> <br />Johnson, Bruce <br /> <br />From: <br />Sent: <br />To: <br />Subject: <br /> <br />David Marsh [dmarsh@smithgeotech.com] <br />Monday, October 13, 2003 9:28 AM <br />Johnson, Bruce <br />RE: New Cache La Poudre - Loan Request <br /> <br />Hi Bruce, <br /> <br />I just sent John a copy of the completed feasibility study. We can revise <br />things if necessary. <br /> <br />In answer to your questions: <br /> <br />1. The original application was filed with preliminary cost estimate <br />numbers. Do you need a revised application from NCLPIC? <br /> <br />2. Greeley owns 4 shares but all shares are used for agricultural use. I <br />think Duane discussed the 2.5% rate with John already. <br /> <br />'flzs 0" <br /> <br />3. Currently have about 250 shareholders. It changes month to month. <br /> <br />4. Copies of the short-term loans are in the appendix of the feasibility <br />study I sent - let me know if you don't receive it. I don't have a copy of <br />the existing CWCB loan but imagine you have access to that. <br /> <br />5. Future assessments - NCLPIC raised their assessments in anticipation of <br />this project and to finance the purchase of the property. Prior to that, <br />assessments were approximately $70. So, I used the $70 as the starting point <br />rather than $110 since part of the $110 is already going toward the project. <br />So, $411,000/2500 + $70 = $234 <br /> <br />Dave Marsh <br />Smith Geotechnical <br />(970) 490-2620 <br /> <br />03 - 1>\\0 <br />01... <br /> <br />1 <br />