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Last Chance Ditch Company <br />Conclusion <br />For over one hundred years, Last Chance Ditch Company has been operating <br />and maintaining the existing wooden headgate structure. Ho�vever, Last <br />Chance is concerned for the safety of the downstream users. Last Chance is <br />pursuing a loan from Colorado Water Conservation Board for the replacement <br />of the existing headworks and installation of infrastructure for an overshot <br />gate. The gate will be installed in the future. <br />Last Chance Ditch Company is iinancially strong as they have a substantial <br />reserve fund in a certificate of deposit and currently have no debts. If CWCB <br />approves this $250,000 loan the shareholder assessments �vill be increased by <br />$771.92 per share bringing the annual assessment to $1,383.92 per share to <br />cover the annual loan payment. Additionally, annual maintenance costs `vill <br />be reduced �vith the replacement of the existing headworks. <br />Last Chance Ditch Company is financially strong enough to repay the CWCB <br />loan and with the pledge of the new headworks and shareholder assessments <br />as collateral there are no reasons not to approve this loan. <br />ast ance itc ompany oan easi i iry tu y age o <br />