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<br />CWCB Construction Fund Loan Application <br /> <br />and operations. <br /> <br />1. List any existing liability or indebtedness that exceeds one thousand dollars. For example, bank <br />loans, government agency loans, bond issues, accounts payable, etc. Include names and addresses <br />oflenders, amounts, due dates and maturity dates. Attach a separate schedule, if needed. <br /> <br />Remaining Annual Maturity <br />Lender Name & Address Amount Payment Date <br /> <br />The Johnson & Edwards has no debt obligations. <br /> <br />2. Are any of the above liabilities now in default, or been in default at any time in the past? YES_ <br />NO~. If YES, please give detailed explanation. <br /> <br />3. Please provide a summary of all revenues received during the last two fiscal years by category <br />(such as service charges, tap fees, assessments, etc.). [2001 & 2002 Financial Statements are <br />attached] <br /> <br />2002 Revenues: <br />Assessments@4.5/share: 6,750 <br />Arrears assmts: 378 <br />Advance on 2003 assmts 272 <br />Total $7,400 <br /> <br />2003 Revenues <br />Assessments @ 7/share <br />less 2003 advances <br /> <br />10,500 <br />272 <br /> <br />Total <br /> <br />$10,228 <br /> <br />4. Please provide a brief narrative description of sources of funding, in addition to the CWCB, which <br />have been explored for this project (Examples would be Banks, Rural Development, NRCS, <br />Colorado Water Resources and Power Development Authority, Colorado Division of Local <br />Government, etc.). <br /> <br />We have entered discussions with Bank of Colorado (Sterling - Steve Meier) regarding a possible <br />bridge loan ifwe are approved for CWCB financing. <br /> <br />5. What collateral will you be offering for this loan? Possibilities include the project itself, pledge of <br />revenues, real estate, water rights: <br /> <br />All facilities of the project financed through CWCB loan; 1 share of Jackson Lake, also financed by <br />this loan; a pledge of revenues from marketable water credits generated from the project that are in <br />excess of those needed to cover depletions of irrigation wells covered by our proposed (pending?) Plan <br />of Augmentation <br /> <br />4 <br /> <br />CFlA902 <br />