Laserfiche WebLink
Las Animas Consolidated Canal Company Agenda Item 27d. <br /> November 19-20, 2014 Board Meeting(Updated November 21, 2014) <br /> Page 5 of 6 <br /> TABLE 2: FINANCIAL SUMMARY <br /> w/o Xcel W/ Xcel <br /> Reimbursement Reimbursement <br /> Total Project Cost $ 400,200 $ 400,200 <br /> Borrowers Contribution (10%) $ 40,020 $ 40,020 <br /> Loan Amount (90%) $ 360,180 $ 360,180 <br /> Loan Amount (including 1%Service $ 363,782 $ 363,782 <br /> Fee) <br /> Xcel's Responsibility on Loan Amount NA $ 278,548 <br /> (76.57%) <br /> Final Loan Amount (Amended) $ 363,782 $ 85,234 <br /> Loan Apr 5.05% 2.00% <br /> Annual Loan Payment $ 23,800 $ 3,806 <br /> Annual Loan Obligation (1st Ten Years) $ 26,180 $ 4,186 <br /> Applicable Shares 562 132 <br /> Annual Loan Obligation Per Share $ 46.58 $ 31.71 <br /> Current Assessment Per Xcel Share $90.00 $90.00 <br /> Current Assessment Per Non-Xcel $104.25 $104.25 <br /> Share <br /> Future Assessment Per Xcel Share $116.13 $90.00 <br /> Future Assessment Per Non-Xcel Share $134.51 $104.25 <br /> Creditworthiness: The Company's debt coverage ratio is strong, and no increase in assessments is <br /> needed to cover the project debt service, after the principle balance is paid by Xcel Energy. <br /> The Company has a credit history with the CWCB on loan C150307, having made 3 payments on time as <br /> of this memorandum. <br /> TABLE 3: EXISTING DEBT <br /> Maturity Original Remaining Annual Collateral <br /> Loan Date Balance Balance Payment <br /> CWCB Loan C150307 6/1/2041 $77,265 $71,146.76 $3,815.69 Revenue <br /> pledge <br />