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<br />CWCB Construction Fund Loan Application <br />6. Will the acquisition of additional water rights be necessary? YES @ <br /> <br />If YES, please explain. <br /> <br />7. Please list the names, addresses and phone numbers of the Applicants' <br />engineer(s) and attomey(s). <br /> <br />NAME ADDRESS and PHONE <br /> <br />Jim Loonan, P. E. <br />80538 <br /> <br />1435 North Cleveland Ave., Loveland, CO <br /> <br />(970)461-0550 <br /> <br />P. O. Box 801, Loveland, CO 80539-0801 <br />(970)669-8670 <br /> <br />8. List any feasibility studies or other investigations that have been completed <br />or are now in progress for the proposed project. Please submit one copy of <br />each completed study with this application. See the attachment. Or if part of the <br />Feasibility Study, see that document's contents. <br /> <br />9. Estimated cost of the project. Please include estimated engineering costs, and <br />estimated construction costs, if known. While we did not estimate engineering <br />costs, most of the engineering work has been completed. So we base the figure on <br />what has already been spent. Estimated construction costs are based on the bid of <br />the selected contractor. Other costs are based on the anticipated outlet repair to <br />take place this fall and new weirs on the outlet ditches. <br /> <br />Estimated Engineering Costs: $ 15,000.00 <br /> <br />Estimated Construction Costs: $ 115,000.00 <br /> <br />Estimated Other Costs: $ 5,000.00 <br /> <br />Estimated Total Costs: $ 135,000.00 <br /> <br />Randy Williams, Attorney at Law <br /> <br />10. Loan amount and terms you are requesting. <br />Requested Loan Amount: $ 105,000.00 <br />Term (length) of loan: 20 years (Usually 10,20, or 30 years) <br />Interest Rate: 2.0%) (please call for our current rates) <br /> <br />Part C. - Project Sponsor Financial Information <br /> <br />Because the CWCB Construction Fund is a revolving fund, it is important that the <br />project sponsor have the t"mancial capacity to repay any loans made by the CWCB. <br />The following information is needed to assist the CWCB in a preliminary <br />assessment of the applicant's t"mancial capacity. It is also requested that the project <br />sponsor submit with this application, copies of the three most recent annual reports, <br />financial statements, corporate reports or other current documentation of t"mancial <br /> <br />Loveland Lake and Ditch Company <br />Inlet Structure Upgrade Feasibility Study <br />February 1, 2008 <br /> <br />32 of 47 <br />