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Emergency Loan Application and Feasibility Study Zweck and Turner Ditch Company <br />Construction $250,000 <br />Other n/a <br />Contingency $50,000 <br />Total $362,500 <br /> <br />Zweck and Turner Ditch Company is applying for a loan not to exceed $250,000 <br /> <br />Financial Analysis <br />The Zweck and Turner Ditch Company has $0 in existing debt as summarized below: <br /> <br />Lender Original <br />Balance <br />Current <br />Balance <br />Annual <br />Payment <br />Maturity <br />Date Collateral <br /> <br /> <br />The Zweck and Turner Ditch Company sources of income include: <br /> <br />Note: Be sure to attach <br /> Two years of financial statements: Please note this is a newly incorporated ditch that <br />has historically been operated by the water users. Needed ditch maintenance and repairs <br />were paid for by the users based on their prorate share of the water right. In addition, <br />Boulder County pays an annual carriage right assessment to the Ditch Company of <br />$3,000. These funds are held in a trust account at the attorney’s office and are used for <br />annual maintenance and repairs. The trust account is managed by the attorney. There are <br />no ditch company financial statements. <br /> Shareholder list:(showing owner name, # of shares owned, and identify each owner as <br />agricultural or municipal) <br /> Articles of Incorporation/By-laws <br /> <br />Schedule <br />Construction of the Project is expected to commence January, 2014. Project completion is <br />estimated to occur by April, 2014. Water cannot be delivered to the water users unless ditch <br />repairs are completed. <br /> <br />Economic, Social, and Environmental Effects <br /> <br />List the anticipated economic, social, and environmental effects of the proposed project. (e.g. # <br />of lost irrigated acres, # of lost farms, degraded river channel conditions, loss of recreational <br />activities etc.) <br /> <br />If the ditch is not repaired the water users will not be able to deliver water to irrigate <br />approximately 850 acres of agricultural crops, open space and other public lands. This will