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Emergency Loan Application and Feasibility Study Rough & Ready Irrigating Ditch Company <br />Name: ROUGH AND READY IRRIGATING DITCH COMPANY <br />[ Address: P.O. BOX 1826, LONGMONT, CO. 80502 -1826 1 <br />Phone: ( 303 ) 776 -7207 I Email: dan @dangrantbookkeeping.com <br />_. .... . ................ <br />m <br />Organization Type: [ x ) Ditch Co, [ ) Irrigation District, or Incorporated: YES <br />Incorporation Date: 2/17/1991 In good standing with the Secretary of State: YES <br />Number of acres irrigated: approximately 3,100 Number of [ X ) Shares /[ ) Taps: 95.3538 <br />Avg. Water DivertedlYr (1950 -2012 average total diverted through the headgate) <br />Rough & Ready_ 7,528 acre- feet/year Palmerton: 4,285 acre- feet/year <br />Number of Shareholders? 43 (Rough & Ready) I Current Assessment $160.00 /share, minimum 1 share <br />Projected Assessment $19,140 per share <br />ContactMtle: Dan Grant, SecretarylTreasurer <br />Address: P.O. Box 1826, Longmont, Co. 80502 -1826 <br />Phone: (303) 776 -7207 Email: dan dan rantbookkee in .com <br />I Engineer: Deere and Ault Consultants, Inc. 600 S. Airport Road, Suite A205, Longmont, Co. 80503 1 <br />Phone: (303) 651 -1468 I Email: mark.mclean deereaultcom <br />Attorney: Phil Wong, P.O. Box 209, Longmont, Co. 80502 -0209 <br />Phone: (303) 776 -1135 1 Email: pwong8543Qao1.com <br />County: Boulder Water District: 5 <br />River Basin: St. Vrain Water Source: St, Vrain <br />Project Type: (circle one or more) Diversion Structure /River Headgates /Sand Gates /Rubicon Gate /Bypass Gate <br />Estimated Engineering Costs: $234,006 Estimated Construction Costs: $1,170,000 <br />Other Costs (Describe Above): $421,000 (contingencies) Estimated Total Project Costs: $1,825,000 <br />Requested Loan Amount: $1,825,000 Date f=unding is Needed? December 15, 2013 <br />Possible other funding sources: none <br />[ x) Last two years Financial Statements <br />[ x ] Shareholders List <br />[ x) Articles of Incorporation/ By -laws <br />[ x) Location Map /Service Areal <br />j ] Shareholder Resolution (submit prior to contracting) <br />[ ) Attorney Opinion Letter (submit prior to contracting) <br />' Per CWCB guidance, cost shown is estimated project cost per share. Future assessments will be determined upon <br />final project completion. Cost per share does not consider future contributions by Palmerton. <br />2 Portions of original service are incorporated into the City of Longmont <br />