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CWCB Construction Fund Loan Application 10. Loan amount and tenns you are requesting. Requested Loan Amount: $ 1,289,210 (90% (Maximum 75-90 % of Est. Total Costs) Term (length) of loan: 30 years (Usually 10 20 or 30 years) Interest Rate: 2.75 % (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 ar other current documentation of financial condition and operations. 1. List any existing long-term liability (multi-year) or indebtedness that exceeds one thousand dollars. For example, bank loans, goverrunent agency loans, bond issues, accounts payable, etc. Include names and addresses of lenders, amounts, due dates and maturity dates. Attach a separate schedule, if needed. � Reinaining Annual Maturity Lender Name & Address Amount Payment Date CWCB 1,250,760 62,000 2039 Farmers Bank of Ault 50,000 Varies — Line of Credit 2. Are any of the above liabilities now in default, or been in default at any time in the past? YES NO X. If YES, please give detailed explanation. 3. Please provide a brief narrative description of sources of fund'mg, in addition to the CWCB, which have been explored for this project (Examples would be Banks, USDA Rural Development, NRCS, Colorado Water Resources and Power Development Authority, Colorado Division of Local Goverrunent, etc.). There are no other sources of funding available or which would be financially favorable enough for WRCC to �ursue this�roiect. 4