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Emergency Loan Application and Feasibility Study Highland Ditch Company <br />Task <br />Cost <br />Design & Permitting <br />$125,000.00 <br />Maturity <br />Date <br />0 <br />Construction & <br />Infrastructure <br />1.8 million <br />Other / Silt & Debris <br />$55,000.00 <br />Contingency <br />0 <br />Total <br />1.98 Million <br />Highland Ditch Company is applying for a loan not to exceed $1.980,000.00 (1.98 million) <br />Highland is still in their Preliminary Damage Assessment. Future undermining is a big concern <br />and damage assessment is ongoing! <br />Financial Analysis <br />The Highland Ditch Company has $374,385.24 in existing debt as summarized below: <br />Lender <br />Original <br />Balance <br />Current <br />Balance <br />Annual <br />Payment <br />Maturity <br />Date <br />Collateral <br />CWCB <br />545,400 <br />374,385.24 <br />34,164.99 <br />2036 <br />Assessments on Stock <br />The Highland Ditch Company sources of income include: <br />1) Assessments <br />2) Reservoir Leases <br />3) Excess Charges <br />4) Royalties <br />Note: Be sure to attach <br />• Two years of financial statements are attached <br />• Shareholder list is attached <br />• Articles of Incorporation/By- laws are attached <br />Schedule <br />Construction of the Project is expected to commence October, 2013. Project completion on all <br />the project is estimated to occur by November, 2014. Add any pertinent schedule notes such as <br />if the schedule is `rushed' due to a need to divert winter reservoir rights or to prevent further <br />damage. <br />