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Conclusions <br />1. The Jackson Ditch Company is a non-profit Colorado mutual ditch corporation with the <br />ability to enter into a contract with CWCB for the purpose of a loan. <br />2. Rights-of-way and Company-owned lands are adequate for the construction of the project. <br />3. The project will fund the rehabilitation of a water diversion facility and ensure continued <br />delivery of irrigation water to shareholders at historical levels. <br />4. The Company is requesting a loan for 90% of the cost of the projects. The Engineer's <br />estimate of the cost of the project is $50,000 and the amount requested to be financed is <br />approximately $45,000. The Company has the ability to fund the 10% unfinanced portion of the <br />projects total costs with current cash flows. <br />5. The project is technically and financially feasible. <br />APPENDIX A <br />Jackson Ditch Company— Main Head Gate Check Structure Rehabilitation Project 8 <br />July 2011 <br />