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Ridgway Reservoir Micro-Hydro Project Loan Feasibility <br />Page 25 of 42 <br />CWCB Water Project Loan Appl�eation <br />1�. I,flan amounf and terms you are requesting. <br />Requested Loan Amouut: $ l 0A00.000 (Usualiy �0 9�e of �st, Tota.l Costs) <br />Term (length) of lvan: 24 vears {�s�,a»y iq 20, a 3a vears) <br />Il]t�I�St R8t6: 2.fl %{Please call for our cvrrent rates) <br />Part C. - Project Spansor Fiaancial Information <br />Because the CWCB's Fund is a revolving fund, if is important that the project sponsor have the <br />financial capaciiy to repay any loans made by the CWCB. The follo�oving iun�formation is needed to <br />assist the CWCB in a preliminary assessment of the applicant's finaneial capacity. The project <br />sponsac will submit the three most recent annual financial statsments. <br />1. List any existing long-term liability {multi-year} o�r indebtedness that exceeds one thousand <br />doilars. For exampie, bank loans, government agency loans, bond issues, accounts payable, etc. <br />Include names and addresses of lenders, amounts, d�e dates and maturity dates. <br />Lender Nanne & Address <br />Bureau of Reclamation {$million} <br />Remaining <br />Amounfi <br />$32.$ <br />Annual Maturity <br />Payment Date <br />$2.18 2049 <br />Tlus debt is repayinent to R�1ffination for the Dallas Craek Project. Tri�-County h�as con#racts <br />wit1� five oiher area domestic water pro�riders who pay 54% o� this debt service. Revenues <br />xeceived from water sales and ad valorem tax substan�ally exceed our debt service. <br />2. Are any of the above liabilities now in default, or been i� default at any tixne in the past? <br />YES NO X If YES, please give detailed explauation. <br />3. Pleas� provide a brief narrati�e descript�on of sources of fiinding, in addition to ttie CWCB, <br />wluch have been explored for this project {Examples wvuld be Banks, USDA Rural <br />Development, NRCS, Calarado Water Resour�es and Power Development Authority, Colorado <br />Division of Local Government, etc.). � <br />Zn addition to CWCB loan financing, Tri Coun�ty is expecting to secure $2M in Ioan finanaing from <br />the Colorado Water Resources and Power Developmeirt Authority. In addition, xxi-Couniy <br />received an allocation from the Colorado Governor's Energy Oflice (GEO) of $6.5M in Quali�ed <br />Energy Conservation Bo�ads (QECBs). However, given that 2% funding from the CWCB is likely <br />#o be a better finaneial option far Tri-County than QECB funding, the QECB allocation may not be <br />necessary (this has already been discussed with the GEO). Also, Tri-County has approxirnately in <br />$12M available in capital reserves that can be used to meet the 10% CWCB equity parti.cipation <br />requirement. Tri-Couztty Water has also reoeived e�cpressions of interest from private lenders, <br />including US Bank, although private debt will likely not be utilized. <br />� <br />