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Englewood, CO 80112 (303) 225 -4611 Attorney: Ms. Carolyn Burr, Esq. Wellborn Sullivan Meck & Tooley, P.C. 1125 176' Street, Suite 2200 Denver, CO 80202 (303) 830 -2500 8. List any feasibility studies or other investigations that have been completed or are now in progress for the proposed project. If so, submit one copy of the study with this application. August 2011: Mt. Pisgah Dam and Reservoir Outlet Inspection (see Appendix F) November 2011: Alternatives Evaluation (summarized in Feasibility Study) 9. Estimated cost of the project. Please include estimated engineering costs, and estimated construction costs, if known. Estimated Engineering Costs: $78,714.50 Estimated Construction Costs: $289,975.00 Estimated Other Costs: $ 0 Estimated Total Costs: $ $ 362,689.50 10. Loan amount and terms you are requesting. Requested Loan Amount: $ 161,345.00 Term (length) of loan: 30 years Interest Rate: 1.75% Part C. - Project Sponsor Financial Information Because the CWCB's Fund is a revolving fund, it is important that the project sponsor have the financial capacity to repay any loans made by the CWCB. The following information is needed to assist the CWCB in a preliminary assessment of the applicant's financial capacity. The project sponsor will submit the three most recent annual financial statements. 1. List any existing long -term liability (multi -year) or indebtedness that exceeds one thousand dollars. n/a 2. Are any of the above liabilities now in default, or been in default at any time in the past? YES NO X_. If YES, please give detailed explanation. 3. Please provide a brief narrative description of sources of funding, in addition to the CWCB, which have been explored for this project. The Pisgah Ditch and Reservoir Company considered self - funding the project by raising assessments, and came to the conclusion that this would not be feasible for shareholders. Other outside funding options were not explored. 4