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TABLE 5 <br />TOTAL PROJECT COST SUMMARY <br />ITEM COST <br />� <br />1. Feasibility Study <br />2. Water Rights Total <br />---, <br />� <br />a. Purchase <br />; -- <br />b. i Engineering <br />- �.. - - <br />c. ' Legal Fees <br />_+ <br />a <br />i <br />� <br />d. Bridge Loan Fees ; <br />i ----- ..... _ _ _� . <br />3. Recharge Reservoir - Schmidt ; <br />a. ! Construction/Survey <br />i . . ..................... ;.. <br />b. Contingency (20%) � <br />c. i Engineering (12%) <br />r -- - ...._. _ _ _ . _ _� .... <br />d. � Land Acquisition <br />.. _ � -- - �. . � . .. _ } ... . <br />4. Recharge Reservoir - Klein � <br />a. ; Construction/Survey ' <br />; _ a ... <br />b. � Contingency (20%) , <br />; ...... ___ _ .. . <br />c. � Engineering (12%) <br />.... _ , t . .. ....... p <br />d. � Land Acquisition i <br />5. Total Project Cost ; <br />$5,000 <br />$2,000,750 <br />$ 1,968,750 <br />$ 5,500 <br />$ 1,500 <br />$25,000 <br />$1,307,000 <br />$885,100 <br />$ 177,100 <br />$127,500 <br />$117,500 <br />-�e�--- <br />$593,500 <br />$118,700 <br />$85,500 <br />$82,500 <br />$ 4 <br />�f^° G, ��- � <br />�j<<3,►�� <br />� <br />The estimated total project cost is $4,193,�50, including the water rights purchase, engineering and <br />management fees, and bridge loan expenses. We understand that the CWCB would offer LLRC a <br />loan at 90 percent, resulting in a total loan amount of $3,774,375. The term and rate for the CWCB <br />loan is requested to be 30 years at two and three-quarter percent (2.75%). At this rate, annual <br />payments for the $3,774,375 loan would be $186,396. This amount does not include the 10 percent <br />reserve required by the CWCB to be set aside for the first ten years of loan repayment. The 10 <br />percent reserve will set aside for the first ten years will add an annual payment of $18,640, resulting <br />in a total annual payment of $205,036 for the first ten years. <br />-19- <br />