C150266 Feasibility Study - Laserfiche WebLink

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. , ' CWCB Construction Fund Loan Application reports, financial statements, corporate reports or other current 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. Remaining Annual Maturity Lender Name & Address Amount Payment Date 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 sununary of all revenues received during the last two fiscal years by category (such as service charges, tap fees, assessments, etc.). Assessment revenues for shareholder are the only source of revenue. Assessments for the year 2006 were $15.00 per Share or $10,302.00. For the year 2007 they were $15.00 per share or a total of $10,770.00 and in the year 2008 the assessment was set at $18.00 per share for a projected total of $12,600.00. Assessments have been increased in anticipation of the rehabilitation of the reservoir. 4. Please provide a brief narrative description of sources of funding, in addiili?n to the CWCB, which have been explored for this project (Examples would be Banks, Rural Development, NRCS, Colorado Water Resources and Power Develwment Authority, Colorado Division of Local Government, etc.). We have applied for a grant from the Colorado River Water Conservation District in the amount of $15,000.00. We should know if this is granted in April 2008. If this is apprQved we have been infonned that we can apply under their large grant program next year for up to $150,000.00 5. What collateral will you be offering for this loan? POSSIbilities include the project itself: pledge of revenues, real estate, water rights. Pledge of revenues. 4 CFLA602