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Table 7: Preferred alternative cost opinion and loan summary <br /> <br />Project ID Total Cost ($)Loan Amount ($) <br />Project 1 - Headgate rehabilitation $14,950 $13,455 <br />Project 2 - Broadway piping $142,440$128,196 <br />Project 3 - Sand-out gate $105,625 $95,063 <br />Project 4 - Federal piping $242,125$217,913 <br />Tota l $505,140$454,62 6 <br /> <br /> <br /> <br /> <br /> <br /> <br />Financial Analysis <br />A conservative financial analysis has been prepared to show the projected revenue and <br />expenses for the company over the loan period (A ppendix D). This analysis demonstrates that <br />Fisher Ditch shareholders can repay the anticipated loan through reasonable special <br />assessments. <br />Collateral <br />The Fisher Ditch derives its operating revenue from the company shareholders and offers these <br />assessments as collateral to assure repayment of the CWCB loan. Furthe r, Fisher Ditch water <br />rights are also offered as collateral against the CW CB loan. It is estimated that these rights are <br />worth many times the amount of t he loan sought in this application. <br />Conclusion <br />The projects identified by Fisher Ditch as a part of this loan application are necessary to ensure <br />the continued reliable delivery of the company ’s water rights, preservation of reasonable <br />operating and maintenance assessments, and safety of its system for users and others. The <br />projects proposed are reasonably priced and can be completed in a straight-forward, workman- <br />like manner by a qualified contractor. The Fisher Ditch company is in suitable financial condition <br />to responsibly accept the loan obligation sought in this application and will be able to repay the <br />loan without overburdening its shareholders. <br /> <br /> 16