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4. The total estimated cost of all phases is $401, 883.90. The New Salida Ditch <br />Company is requesting a loan from CWCB of $365,000 to construct the project. <br />5. The New Salida Ditch Company is eligible for a CWCB agricultural construction <br />loan. <br />6. The project is technically and financially feasible. <br />-7- <br />