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CWCB Construction Fund Loan Application <br />information is needed to assist the CWCB in a preliminary assessment of the applicant's financial <br />capacity. It is also requested that the project sponsor submit with this application, copies of the <br />three most recent annual reports, financial statements, corporate reports or other current <br />documentation of financial condition and operations. (See Section 7 of attached Study and <br />appendices.) <br />List any existing long -term liability (multi -year) or indebtedness that exceeds one thousand dollars. <br />For example, bank loans, government agency loans, bond issues, accounts payable, etc. Include <br />names and addresses of lenders, amounts, due dates and maturity dates. Attach a separate schedule, <br />if needed. (See Table 13 of Study) <br />Lender Name & Address <br />Remaining') <br />Amount <br />Annual Payment <br />Maturity Date <br />Water Revenue Refunding Bonds, Series 2003 <br />American National Bank <br />P= $1,055,000 <br />$171,875 <br />12 -01 -2012 <br />3033 East First Avenue <br />Denver, CO 80206 <br />CO. Dept. of Local Affairs <br />P= $104,111.32 <br />$10,030.32 <br />2020 � <br />1313 Sherman Street, Denver, CO 80203 <br />USDA Rural Utility Service <br />655 Parfet Street, Room E -100 <br />P= $173,900 <br />$11,670 tl <br />20391 <br />Lakewood, CO 80215 <br />Fremont Bank <br />Interest Only <br />Balloon payment <br />3080 E Main <br />$3,005,217 <br />6.35 /o <br />April 2007 for <br />Canon City, CO 81212 - 2731 <br />full principal 2) <br />1) District will retire the DOLA and USDA RD loans in advance of finalization ofthe CWCB loan to free up available cash for CWCB debt <br />service. <br />2) Fremont Bank loan will be paid off in July 2007 upon the finalization of the CWCB loan. Of the CWCB loan, $1.4 million associated <br />with water right acquisition will be applied to the Fremont Bank note. The remaining portion of the bank note will be paid off from <br />proceeds of the sale of the Goodwin Ranch. <br />2. Are any of the above liabilities now in default, or been in default at any time in the past? <br />YES _ NO X . If YES, please give detailed explanation. <br />3. Please provide a brief narrative description of sources of funding, in addition to the CWCB, which <br />have been explored for this project (Examples would be Banks, USDA Rural Development, MRCS, <br />Colorado Water Resources and Power Development Authority, Colorado Division of Local <br />Government, etc.). <br />The nature of the project and its overall project cost have been discussed with <br />representatives of USDA Rural Development, Colorado Water Resources and Power <br />Development Authority representatives in conjunction with the Colorado Department of <br />Public Health and Environment, and the Colorado Division of Local Governments. <br />Given that the nature of the project involves the acquisition and development of a raw <br />