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� <br />�' <br />�J <br />� <br />CWCB Construction Fund Loan Application <br />Requested Loan Amount: $1,000,000.00 (Usually 75% of Estimated Total Costs) <br />Term (length) of loan: ,Yeal's (Usually 10, 20, or 30 years) <br />Interest Rate: 2.75%(?) (Please call for our current rates) <br />Part C. - Project Sponsor Financial Information <br />Because the CWCB Construction Fund is a revolving fund, it is important that the project sponsor <br />' have the financial capacity to repay any loans made by the CWCB. The following information is <br />needed to assist the CWCB in a preliminary assessment of the applicant's financial capacity. It is <br />' also requested that the project sponsor submit with this application copies of the two most recent <br />annual reports, financial statements, corporate reports or other current documentation of <br />financial condition and operations. <br />� <br />I, <br />I' <br />I' <br />I' <br />lJ <br />I' <br />I' <br />I, <br />I' <br />I' <br />I, <br />1. List any existing liability or indebtedness that exceeds one thousand dollars. For example, bank <br />loans, government agency loans, bond issues, accounts payable, etc. Include names and <br />addresses of lenders, amounts, due dates and maturity dates. Attach a separate schedule, if <br />needed. <br />Lender Name & Address <br />First National Bank of Longmont <br />P.O. Box 1159, Longmont, Co. 80502-1159 <br />balance owing <br />Remaining <br />Amount <br />$21,045.44 <br />Annual Maturity <br />Pa•� Date <br />$6,898.56 3/25/11_ <br />$10,000.00 revolving line of credit no <br />2. Are any of the above liabilities now in default, or been in default at any time in the past? <br />YES NO X. If YES, please give detailed explanation. <br />3. Please provide a summary of all revenues received during the last two fiscal years by category <br />(such as service charges, tap fees, assessments, etc.). Please see the attached financial <br />statements — Revenues are received from capital stock assessments; carrying charges for <br />running water in excess of Company policy; interest on savings; periodic fees far easement <br />crossings; distribution received from rents collected at Beaver Park Reservoir; fees received <br />from renting the Company backhoe; fees received on stock transfers. <br />4. Please provide a brief narrative description of sources of funding, in addition to the CWCB, <br />I' t� CFLA602 <br />