C150295 Feasibility Study - Laserfiche WebLink

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CWCB Construction Fund Loan Application 6. Will the acquisition of additional water rights be necessary? YES NO X If YES, please explain. 7. Please list the names, addresses and phone numbers of the Applicants' engineer(s) and attorney(s). NAME ADDRESS and PHONE Ray D. Tenney, P.E. Colorado River Water Conservation District P.O. Box 1120 Glenwood Springs, CO 81601 Telephone (970)945-8522 x220 Steven P. Jeffers, Bernard Lyons Gaddis & Kahn, PC, 515 Kimbark Street, 2nd Floor, Longmont, CO 80501 Telephone (303)776-9900 8. List any feasibility studies or other investigations that have been completed or are now in progress for the proposed project. Please submit one copy of each completed study with this application. Please See Attached 9. Estimated cost of the project. Please include estimated engineering costs, and estimated construction costs, if known. Estimated Engineering Costs: $ 153,000 Estimated Construction Costs: $ 1,500,000 Estimated Other Costs: $ 75,000 (land acquisition, water rights purchase,etc.) Estimated Total Costs: $ 1,728,000 10. Loan amount and terms you are requesting. Requested Loan Amount: $ 1,500,000 (Maximum 75-90 % of Est. Total Costs) Term (length) of loan: 30 vears (Usually 10, 20, or 30 years) Interest Rate: 4% (Please call for our current rates) Part C. - Project Sponsor Financial Information Because the CWCB Construction Fund is a revolving fund, it is important that the project sponsor have the financial capacity to repay any loans made by the CWCB. The following information is needed to assist the CWCB in a preliminary assessment of the applicant's financial capacity. It is also requested that the project sponsor submit with this application, copies of the three most recent annual reports, financial statements, corporate reports or other current documentation of financial condition and operations. -3-