|
CWCB Water Project Loan Application
<br />2. Are any of the above liabilities now in default, or been in default at any time in the past?
<br />YESD NO V . If YES, please give detailed explanation.
<br />3. Please provide a brief narrative description of sources of funding, in addition to the CWCB,
<br />which have been explored for this project (Examples would be Banks, USDA Rural
<br />Development, NRCS, Colorado Water Resources and Power Development Authority, Colorado
<br />Division of Local Government, etc.).
<br />$2,000,000 - Natural Resource Damage
<br />$1,500,000 - Statewide & Rio Grande Basin WSRA Funds
<br />$920,000 - Terrace Irrigation Company
<br />4. What collateral will you be offering for this loan? Possibilities include a pledge of revenues,
<br />the project itself, real estate, water rights. current collateral being held by CWCB for current loans.
<br />**Tim Feehan, PE, Chief Finance Section, has committed to consolidate our 3 current loans
<br />along with the additional $1,000,000 requested into 1 loan at 1.75% interest for 30 years.
<br />The above staten
<br />Signature of
<br />Printed Name Gerald Faucette
<br />Title President
<br />Date 11/17/2011
<br />4
<br />Remaining
<br />Annual
<br />Maturity
<br />Lender Name & Address
<br />Amount
<br />Payment
<br />Date
<br />CWCB
<br />$203,237
<br />$11,726
<br />1/1/2035
<br />CWCB
<br />$243,429
<br />$26,310
<br />9/1/2021
<br />CWCB
<br />$1,265,754
<br />$96,162
<br />6/1/2034
<br />2. Are any of the above liabilities now in default, or been in default at any time in the past?
<br />YESD NO V . If YES, please give detailed explanation.
<br />3. Please provide a brief narrative description of sources of funding, in addition to the CWCB,
<br />which have been explored for this project (Examples would be Banks, USDA Rural
<br />Development, NRCS, Colorado Water Resources and Power Development Authority, Colorado
<br />Division of Local Government, etc.).
<br />$2,000,000 - Natural Resource Damage
<br />$1,500,000 - Statewide & Rio Grande Basin WSRA Funds
<br />$920,000 - Terrace Irrigation Company
<br />4. What collateral will you be offering for this loan? Possibilities include a pledge of revenues,
<br />the project itself, real estate, water rights. current collateral being held by CWCB for current loans.
<br />**Tim Feehan, PE, Chief Finance Section, has committed to consolidate our 3 current loans
<br />along with the additional $1,000,000 requested into 1 loan at 1.75% interest for 30 years.
<br />The above staten
<br />Signature of
<br />Printed Name Gerald Faucette
<br />Title President
<br />Date 11/17/2011
<br />4
<br />
|