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for LAWMA and will also be submitted to the CWCB. In order to purchase the remaining ane-half <br />of the Keesee water rights LAWMA must borrow $2,493,722 (this amount includes the CWCB's <br />1% loan origination fee) from the CWCB. LAWMA would need the requested funds by February <br />29, 2008 which is the currently scheduled date of the closing of the purchase of the water rights. <br />C. Service of LAWMA's Current CWCB Loans and Proposed Loan for Purchase of the <br />Remainin� One-Half of the Keesee Water Ri�hts. <br />LAWMA's current CWCB loans are summarized in the table in Section VI. A. of this <br />report. Below is a table that depicts LAWMA's CWCB loan payment schedule from 2007 through <br />2043 when all of LAWMA's CWCB loans are scheduled to be paid-off. <br />LAWMA'S CURRENT CWCB LOAN PAYMENT SCHEDULE <br />Loan No. 2008 - 2009 2010 - 2014 2015 - 2034 2035 - 2037 2038 - 2044 <br />C153715 $199,184 $199,184 $199,184 $199,184 <br />C153768 $67,200 $ 67,200 $89,297 $89,297 $89,297 <br />C153756 $9,154 <br />C150150 $108,575 $108,575 $108,575 <br />TOTALS $384,113 $374,959 $397,056 $288,481 $89,297 <br />LAWMA's annual payment on the proposed new CWCB loan in the amount of <br />$2,493,722 for the purchase of the remaining one-half of the Keesee water rights would be <br />approximately $119,145 if its term were for 30 years at 2.5%. Adding an additional $119,145 in <br />annual payments for the acquisition of the remaining one-half of the Keesee water rights to <br />LAWMA's current CWCB loans would make LAWMA's annual CWCB loan payments increase <br />as depicted in the table below: <br />12 <br />