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Grand River Ditch Company <br />July 9, 2010 (Updated July 30, 2010) <br />Page 4 of 5 <br />Table ]. Project Funding Sources <br />Table 2 shows a summary of the financial aspects of the Project. <br />Agenda Item 8b <br />Creditworthiness: The Company has no existing debt. The Company has assessed members $150 <br />annually since 2008 and will begin assessing its members approximately $200/shaxe in 2011 to <br />cover the debt service. The Company has existed since 1917 and has a pre-1922 water right on the <br />Colorado River. Shares in the Company have been selling for'$2,500 per'/4 share in recent years. <br />* Received from NRCS after construction is complete <br />* Current assessments are higher than necessary due to major ditch repair work needed in recent years <br />