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Deuel and Snyder Improvement Company <br />March 10, 2009 (L'PDATED March 18, 2009) <br />Page 4 of 5 <br />Financial Analysis <br />Agenda ltem 14a <br />Table 1 shows a summary of the financial aspects of the loan request. The Company is made up <br />entirely of agricultural owners, so an interest rate of 2.5% for a 30 year loan applies. <br />TABLE 1 <br />FINANCIAL SUMMARY <br />PROJECT/LOAN <br />Total Project Cost $100,000 <br />CWCB Loan (90% of the Pro'ect cost) $90,000 <br />CWCB Loan (Including 1% Service Fee) $90,900 <br />CWCB Annual Loan Pa ent $4,300 <br />CWCB Loan Obli ation (including 10% debt reserve fundin ) $4,343 <br />Number of Shareholders 15 <br />Numbers of Shares 161 <br />Annual Cost Per Share for Project $27/Share <br />Annual Cost of Loan per AF (based on 4,590 AF average diversion) $0.95AF <br />Creditworthiness: The Company's current assessments are $165/share for the standard shares (140 <br />total shares) and $150/meadow right share (21 total shares). Rates have been increased to $192/ <br />standard share and $177/meadow right share to cover the new CWCB debt service. The <br />shareholders met at the Company's annual meeting on February 28, 2009 and approved the $27 <br />increase in assessments for the Project. This assessment will be applied to the 2009 billing and will <br />generate an additional $4,347 for the Company this year. These funds (in addition to a portion of <br />the cash reserve) will be used for the Company's 10% match for the Project. <br />The Company has an existing repayment obligation for $1,100/year to the Upper Platte and Beaver <br />Canal Company for the Upper Platte and Beaver Canal Company's CWCB loan for rehabilitation of <br />its diversion structure since both companies benefit from the structure. The remaining balance is <br />$4,400 with a maturity date of October 1, 2012. Other than the payments to Upper Platte and <br />Beaver Canal Company, the Company has no other debt service. <br />