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Table 3 is a summary of the financial aspects of the project. Annual assessments are $4.00 per <br />share. With project future assessments will be $6.50 to $7.00 per share. <br />* *The increase in annual assessments is to be determined. <br />Table 3. Financial Summary <br />Project Cost <br />$550,000 <br />Loan Amount 5°/ f Project Cost <br />$438100,0 <br />CWCB Loan Pa ment Amount, including 10% loan reserve <br />903 <br />Number of Shareholders <br />54 <br />Number of Shares of Stock <br />10,000 <br />Current Assessment per Share <br />$4.00 <br />Future Assessment per Share <br />* *see above <br />Annual Project Cost per acre -foot <br />(Average annual diversions: 4,480 acre -feet <br />Since all other funding for the project is in the form of grants, the Company would have no other <br />debt service on this project. Operation and maintenance costs are expected to decrease with <br />the new diversion structure, and can be accommodated by the Company's existing budget. <br />Potential Funding <br />The Ditch Company will be applying for additional grants to assist in the funding of this project. <br />Some of the sources of fund to be applied for are: <br />USDA- NRCS Environmental Quality Incentive Program <br />Colorado River Water Conservation District - Grant Program <br />Colorado River Water Roundtable Funds <br />Colorado State Water Roundtable Funds <br />A Grant has been requested through the Colorado River Water Conservation District. This grant <br />is requesting $100,000.00 but result of the request will not be known until late April, 2013. <br />The Ditch Company members have signed up for the Environmental Quality Incentive Program <br />through the Natural Resources Conservation Service, USDA. The amount of funding and the <br />results of contract approval will be determined by NRCS later in the year. <br />Colorado River Water Roundtable Funds are being requested. We are requesting $50,000.00. <br />