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CWCB Water Project Loan Application Requested Loan Amount: $ 3,041,250 (Usually 90 % of est. Total Costs) Term (length) of loan: 30 years (usually 10, 20, or 30 years) Interest Rate: 1.75 % (Please call for our current rates) 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. For example, bank loans, government agency loans, bond issues, accounts payable, etc. Include names and addresses of lenders, amounts, due dates and maturity dates. Lender Name & Address Remaining Annual Maturity Amount Payment Date Colorado Water Conservation Board $1,405,163 $60,604.34 Open at this time. 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 (Examples would be Banks, USDA Rural Development, NRCS, Colorado Water Resources and Power Development Authority, Colorado Division of Local Government, etc.). Shareholders — Storage fees for stream depletion water - CWCB — Water Supply Reserve Account $ 60,000 (available funds) $ 140,000 (available funds) $ 1, 013, 750 Approved by RGBRT $ 1,213,750 4. What collateral will you be offering for this loan? Possibilities include a pledge of revenues, the project itself, real estate, water rights. The project itself 9