Laserfiche WebLink
SECTION 6 - FINANCIAL FEASIBILITY ANALYSIS <br />\N AMOUNT <br />The total estimated project cost is $1,970,000, with $985,000 (the exact number to be determined by <br />the awarding of the DOLA grant and the WSRA grant up to the full amount of the project, less the 20 <br />ar contribution. being requested as a CWCB loan). The anticipated interest rate is 2.25% for <br />low income municipal projects. The anticipated term is 30 years. <br />FINiNCING SOURCES <br />The Vollowing table identifies the sources of funding for the project, including the local share. <br />3 — Fundina Sources <br />Mi <br />othod of Financing <br />Amount <br />Notes <br />DOLA grant hearing was 25th. If DOLA funds are not <br />DO <br />A EMIA Grant <br />$985,000 <br />received, applicant intends to increase the CWCB loan amount, <br />as discussed with CWCB staff. <br />WS <br />Basin Funds <br />$50,000 <br />WS <br />Statewide Funds <br />$150,000 <br />Dependent upon the final award value of the DOLA and <br />CW <br />B Water Loan <br />$785,000 <br />WSRA grant. Up to 80% of the complete project cost. <br />Total Project Cost 1 <br />$1,970,000 <br />REVtNUE /EXPENDITURE PROJECTIONS AND FINANCIAL IMPACTS <br />The Tity of Lamar is committed to increasing the water rates to meet the obligation of the CWCB loan <br />pa nts. The exact amount will be determined after the award of the DOLA and WSRA grants. <br />LOA q REPAYMENT SOURCES AND COLLATERAL <br />A re enue pledge and rate increases will be used to fund the loan portion of the project. <br />TAB R ISSUES <br />Alto y's Letter of Opinion is attached in Appendix D <br />SPO Se <br />CREDITWORTHINESS <br />The c rrent rate schedule and the three most recent audit reports of financial statements are <br />attac in Appendix D. <br />City 4f Lamar Raw Water Feasibility Study — Colorado Water Conservation Board 11 <br />