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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 /> 1. 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 Remaining Annual Payment Maturity Date <br /> AmounWater Revenue Refunding Bonds,Series 2003 <br /> American National Bank <br /> P=$1,055,000 $171,875 12-01-2012 <br /> 3033 East First Avenue <br /> Denver,CO 80206 <br /> CO.Dept.of Local Affairs <br /> P=$104,111.32 $10,030.32 2020 1) <br /> 1313 Sherman Street,Denver,CO 80203 <br /> USDA Rural Utility Service <br /> 655 Parfet Street,Room E-100 P=$173,900 $11,670 1) 20391) P`5 ` <br /> Lakewood,CO.80215 <br /> Fremont Bank Balloon payment <br /> Interest Only <br /> 3080 E Main <br /> $3,005,217 6.35% April 2007 for Q i <br /> Canon City,CO 81212-2731 full principal�1 <br /> 1) District will retire the DOLA and USDA RD loans in advance of finalization of the 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,NRCS, <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 />