C150153 Feasibility Study

• Contract/PO #: C150153
• Contractor Name: Dolores Water Conservancy District
• Contract Type: Loan
• Water District: 71
• County: Dolores
• Loan Projects - Doc Type: Feasibility Study

CWCBConstructionFund Loan Application

2. Are any of the above liabilities now in default, or been in default at any time in the past?
YES_NO _ X_. If YES, please give detailed explanation.

3. Please provide a summary of all revenues received during the last two fiscal years by category
(such as service charges, tap fees, assessments, etc.). The Dolores Water Conservancy District
collects approximately $800,000 per year in revenue from property taxes. Most of those dollars
are committed to meet our annual repayment obligation to the United States (please see the
attached DWCD Administrative Budget for 2002 and 2003). The District also has an
"enterprise" budget to fund and manage the operation and maintenance function of the District.
This enterprise budget accounts for the user fees that are charged and collected to pay for the
O&M expenditures (please see the attached DWCD O&M Enterprise Budget for 2002 and
2003),

4. Please provide a brief narrative description of sources of funding, in addition to the CWCB,
which have been explored for this project (Examples would be Banks, Rural Development,
NRCS, Colorado \Vater Resources and Power Development Authority, Colorado Division of
Local Government, etc.). 1) tap fees--$3200 per tap, 307 tapes ($982,400 over 10 years; the
first 200 taps will be payable within the first 5 years of the project, but will be committed before
the project begins; 2) DWCD and or Tap Fees will up front fund the 10% local match; and 3)
DOLA grant request for $300,000 to help reduce the tap fees.)

5. What collateral will you be offering for this loan? Possibilities include the project itself, pledge
of revenues, real estate, water rights. We will pledge tap-fee revenue as described above.

Signa
By

Title General Manager
Date March 21, 2003

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CFLA902