PROJ01899 (2) - Laserfiche WebLink

Home Browse Search

8. List any feasibility studies or other investigations that have been completed or are now in progress for the proposed project. Please submit one copy of each completed study with this application. As of the date of this loan application, only limited investigations have been completed. Field surveys have been performed to provide topographic contour mapping for purposes of estimating reservoir capacities and for preliminary siting of the proposed dam embankment. In progress are preliminary studies related to the hydrology of the Little Muddy Creek drainage to evaluate the availability of water for the project. Under se]Hll'ate cover, the Applicant is requesting fmancilll assistance for completion of the required Feasibility Report. A required for this application, a preliminary estimate of the probable construction costs has been prepared by Applicant's engineer. This estimate is based on a preliminary conceptu'" design of the dam and appurtenances as described above. 9. Estimated cost of the project. Please include estimated engineering costs, and estimated construction costs, ifknown. (See Table) Estimated Engineering Costs: $ 124,500 Estimated Construction Costs: $ 776,480 Estimated Total Costs: $ 900,980 10. Loan amount and tenns you are requesting. Requested Loan Amount:$ 675,735 (Usually 75% of Estimated Total ~) Term (length) ofloan: 20 Yeats (Usually 10, 20, or 30 years) Interest Rate: Cu"ent Rate on 20 Year Loan % (please call for our current rates) Part C. - Project Sponsor Financial Information Because the CWCB Construction Fund is a revolving fund, it is important that the project sponsor have the financial capacity to repay any loans made by the CWCB. The following information is needed to assist the CWCB in a preliminary assessment of the applicant's financial capacity. It is also requested that the project sponsor submit with this application copies of the two most reeent annual reports, financial statements, corporate reports or other Cl1lTent documentation of financial condition and operations. 1. List any existing liability or indebtedness that exceeds one thousand dollars. For example, bank loans, government agency loans, bond issues, accounts payable, etc. Include names and addresses of lenders, amounts, due dates and maturity dates. Attach a separate schedule, if needed. (SEE BALANCE SHEETS) The.first liability shown on the balance sheets is owed to Mike Miniat, the principle member. The second liability is "inter-company" debt, in other words, loaned to Sylvan by other entities owned by Mike Mmiat, principaDy W"d/iams Peak R/lnch.