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Implementation Schedul� <br />Due to the very high patential for snow and coid temperatures at aur altitude as we(l as an <br />unknown date funds will be availabfe, we aniicipate the projed wiil be able to start in mid April. <br />The project shouid take about 2 months to complete. <br />Permifting <br />After discussion wifh the Huerfano County building inspector, Steve Channel, no permits will be <br />required for the addition to the tank house which wil! house the disinfection project or the <br />ditching for the fill iine. <br />[nstitutional Co�siderations <br />Entities that are, or may be, involved in the design, construction and financing of the project <br />ff1G�U(,�Q: <br />PAHA: financing, construction and project management <br />Davis Engineering Service: Allen Davey, Alamosa, CC� 81101 <br />Colorado Water Canservation Board: financing af the project <br />PAHA will be the lead fo� the financing, design and construction of the project. PAHA wi[t be <br />entering in ta contracts and agreements with various entities for the seroices provided by each. <br />Finaricia�l Analysis <br />Two entities wil4 be rnvolved in financing the estimated project cost of $8�,000. PAHA is <br />applying fo� a loan fram the CWCB for $54,000 (90% of the estimated total) and PAHA wiil <br />provide the remaining $6;000 (10% of the sstimateci project cost) as welf �s any costs that <br />exceed the estimated project cost. <br />PAHA is requesting a�0-year [oan from the CWCB assuming the lending rate will be A�%, <br />resulting in annual payments of $5155. To this would be added $315 per year for th� first 1 C1 <br />years to fund the emergency reserve accour�t, for a total annuai cost o# $�470. <br />PRHA doea nat anticipate harring to raise dues ta cav�r this yearly loan payment as the existing <br />water ta{� dues bring $838Q per year ($220 X 38 homes) pEus $70t�p budgeted annu�ily for <br />capital 'rmprovements which rarety is spent in fuil each year. <br />Credit worthiness: PAHA has no existing debt and anticipates no di�c�lty in payirx,� the <br />annual loan payments based on exis#ing dues in�ome. <br />Page 8 af 14 <br />