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Emergency Loan Application and Feasibility Study Rough & Ready Irrigating Ditch Company <br />Financial Analysis <br />The Rough and Ready Irrigating Ditch Company has no current debt. <br />The Rough and Ready Irrigating Ditch Company has two primary sources of income including: <br />Annual assessments from its shareholders, and funds from the Carriage Agreement with Pleasant <br />`Talley Reservoir. Occasionally, the Company receives funds from crossing fees. <br />The following are attached: <br />Two years of fznancial statements <br />Shareholder list showing owner name, # of shares owned, and identifying each owner as <br />agricultural or municipal <br />® Articles of Incorporation/By -laws <br />Schedule <br />Construction of the Project is expected to commence December, 2013. Project completion is <br />estimated to occur by May 2014. <br />Economic, Social, and Environmental Effects <br />Failure to reconstruct the Rough & Ready Ditch/Palmerton Ditch diversion structure would <br />result in adverse economic impact to those who irrigate under the two ditches. Also, it would <br />adversely impact recreation at McCall Reservoir and Oligarchy Reservoir #I due to the inability <br />to fill those reservoirs. It would also adversely impact the ability to irrigate municipal parks and <br />golf courses, and schools. Finally, it would adversely impact recreation along the ditch corridor <br />through the City of Longmont. <br />Permits <br />The Rough and Ready Irrigating Ditch Company is currently in the permitting process with the <br />US Army Corps of Engineers. A grading permit with Boulder County may be required. <br />