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• <br />TABLE OF CONTENTS <br />Introduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..6 <br />ProjectSponsor .........................................................................6 <br />Project Background and Need ........................................................7 <br />Analysis of Alternatives ...............................................................7 <br />Implementation Schedule ..............................................................8 <br />Permitting. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..8 <br />EntitiesInvolved ........................................................................8 <br />FinancialAnalysis .......................................................................9 <br />Alternative Financing Considerations ................................................9 <br />Collateral. . , 9 <br />• .............................................................................. <br />Social and Environmental Impacts ...................................................10 <br />• <br />Conclusion. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .10 <br />Lazy O Ranch Homeowners' Association, Inc. <br />September 2006 <br />Page 2 of 10 <br />