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Emergency Loan Application and Feasibility Study Palmerton Consolidated Ditch Company <br />Financial Analysis <br />The Company has $0.00 in existing debt. <br />The Company's sources of income include: annual assessments from its shareholders and <br />occasional revenue generated by crossing agreement with third parties. <br />Note: Be sure to attach <br />• Two yearsof financial statements (required) <br />• Shareholder list (showing owner name # of shares owned arid identify each oWn.er as <br />agricultura] or municipal) <br />• Articles offucorporation!By-laws <br />Schedule <br />Construction ofthe project is expected to commence mid-December 2013. Project completion is <br />estimated to occur no later than by April2014. Any delay beyond this time frame will result in <br />agricultural losses for the Company's shareholders and may impair Longmont's municipal water <br />supply. <br />Economic, Social, and Environmental Effects <br />An operational ditch system is vital to the irrigated agricultural economy in this area. An <br />inoperable ditch system will not be able to service the needs of the farmers under the Company's <br />service area which will certainly result in loss of income which in turn will have far reaching <br />negative impacts upon the economic survival of these farmers and the social fabric within the <br />community and a degrading of the environment within these communities. <br />Permits <br />Due to the agricultural exemption, the Company does not anticipate the need for Army Corps of <br />Engineers permitting, but has included estimated costs for the same in its budget estimate to be <br />conservative. The Company will submit as-required notification and project description <br />information to the Army Corps of Engineers as well as to Boulder County for any necessary <br />flood plan/grading permit(s).