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Collateral <br />1. The DSIC can offer as collateral the project itself, if <br />approved by a vote of the shareholders. <br />2. The DSIC can offer as collateral, one payment in a <br />certificate of deposit account, to be held by the State <br />Treasurer, if approved by vote of the shareholders. <br />Institutional Considerations <br />The DSIC needs authorization to borrow $90,000 from the CWCB <br />Construction Fund. The loan, if approved, from the CWCB will be <br />contingent upon the successful negotiation of a contract between <br />the CWCB and the DSIC. Agreements with contractors will be <br />finalized upon authorization of the CWCB loan. <br />Opinion of Feasibility <br />The selected alternative is technically and financially feasible. <br />There are no known roadblocks which would keep the DSIC from <br />successfully completing this project. <br />Feasibility Study <br />Deuel & Snyder ImprovemenG Company <br />River Sand Gate Structure <br />February 2009 <br />7 <br />