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Emergency Loan Application and Feasibility Study UNION DITCH COMPANY <br />Task 6 — Area around bypass <br />structure <br />Cost <br />Design <br />0.00 <br />Permitting <br />0.00 <br />Construction <br />24,000.00 <br />Other <br />0.00 <br />Contingency <br />1,000.00 <br />Total <br />25,000.00 <br />Union Ditch Company is applying for a loan not to exceed $200,000.00. <br />(Note: Depending on project scope, this may need. "to be an Engineer's Estimate ofprobable o-s'1 <br />or a contractor's estimate. We understand damage assessments may still be ongoing and some of <br />these cost will be rough estimates. Depending on project scope, a more detailed cost analysis <br />may be required prior to contracting_) <br />Financial Analysis <br />The Union Ditch Company has $99,070.82 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 />Loan is not <br />yet closed <br />out; interest <br />of <br />Pledge of assessments and <br />CWCB <br />$99,070.82 <br />approximately <br />lien on the diversion <br />$2,500 <br />headgate structure of <br />through <br />Union Ditch <br />12/31/13 will <br />be paid by <br />12/31/13 <br />The Union Ditch Company's sources of income include: assessments, filling charge for Latham <br />Reservoir, running charge for Big Bend Ditch water, augmentation use of the ditch, drainage <br />fees, crossing fees, water rental, interest, dividends, and stock transfer fees. <br />Note. Be sure to attach <br />• Two years of financial statements (required) <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 />