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' CWCB Construction Fund Loan Application <br />10. Loan amount and terms you are requesting. ~ ' pl/ ~ ~~ <br />~~/ <br />Requested Loan Amount: $ 2,000 <br />Term (length) of loan: 30 years (Usually 10, 20, or 30 years) <br />Interest Rate: 3.5% <br />PAWSD requests the above-referenced amount from the CWCB Construction Fund Loan <br />Program for the purposes of acquiring land and to conduct environmental investigations <br />' and approvals, conduct engineering studies and designs to proceed with the development <br />of the Dry Gulch Reservoir Project. The loan amount will be utilized in staggered <br />increments as the need for funds arises. The anticipated loan increments are shown in <br />' Column 8 within Table C of Attachment 10 hereto. <br />Part C. Project Sponsor Financial Information <br />t Because the CWCB Construction Fund is a revolving fund, it is important that the project <br />sponsor have the financial capacity to repay any loans made by the CWCB. The following <br />information is needed to assist the CWCB in a preliminary assessment of the applicant's financial <br />capacity. It is also requested that the project sponsor submit with this application copies of the <br />three most recent annual reports, financial statements, corporate reports or other current <br />' documentation of financial condition and operations. <br />1. List an existin long-term liabilit~(multi-year~or indebtedness that exceeds one <br />' thousand dollars. (Include names and addresses of lenders, amounts, due dates and <br />maturity dates. Attach a separate schedule, if needed.) <br />' Lender Name & Address' <br />Attachment 8 provides all requested information on PAWSD long-term liability and <br />' indebtedness. <br />2. Are anv of the above liabilities now in default, or been in default at any time in the past? <br />' YES NO X If YES, please give detailed explanation. <br />3. Please provide a brief narrative description of sources of funding, in addition to the <br />CWCB, which have been explored for this project (examples would be Banks, USDA <br />Rural Development, NRCS, Colorado Water Resources and Power Development <br />Authority, Colorado Division of Local Government, etc.). <br />' PAWSD will commit to repayment of the loan from funds available through collection of <br />a Water Resource Fee, a component of the PAWSD Capital Investment Fee from each <br />new water customer (See Attachment 9 -PAWSD Resolution to Approve Water <br />Resource Fee; the 2007 rate equals $7,000 per single-family equivalent unit). If that <br />funding source is not adequate, PAWSD will increase water service rates to provide <br />' funds sufficient to meet the CWCB loan debt service. Attachment 10 integrates the debt <br />service for this CWCB Loan (shown in Table C) into the overall financial planning <br />' 1 General Obligation and revenue bonds do not have a lender name or address associated with them <br />5 <br />