CT2015-012 Loan Increase

• Contract/PO #: CT2015-012
• Contract/PO #: C150342
• Contractor Name: Sanchez Ditch and Reservoir Company
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

Sanchez Ditch and Reservoir Campany Consent Agenda Etem 5a
May 17-18, 2017 Board Meeting (Updated May 19, 2017)
Page 4 of 4
TABLE 3: CWCB LOANS
New
Laan �ontract C�ntract Current Final Annual Additional Estimated
Contract Payment Payment PRncipal Final
Number Dated Amaunt Balance Due Amount Payments Payment
Date
C153b23 8/20/1992 $200,000 Paidin Full 2017 511,485.57 S5,000 -
C153755A 9/3/1997 5335,0� $130,122.61 2023 $19,94p.35 $15,000 2020
TABLE 4: FINANCIAL RATI05
Future
Financial Ratia Original w/ Project
(2009-2019 � (5 years into
re a ment
1d8� 102%
Operating Ratio (o eraCin revenues/o erating ex enses) (average) (average)
�<100 - vera e: 100� - 120 - tron : >120 $237K/$220!( $258K/5253K
149� 107%
Del�t Service Coverage Ratio (strong) (average)
(total eligible revenues-a erating ex enses)/total debt service �SZ37K-$1$SK)/ ($258K-5187K)/
eak: <100 - vera e: 100% - 120 - tron : >120 $35K $66K
69� 81%
Cash Reserves to Current Expenses (average) {average)
eak: <50 - vera e: 50% - 100 - tron :>100 $1S1K/$22QK 5205K/$253K
Annual 0 erating Cast per Acre-Foot (based on 15K AF) $14.57 S16.87'
eak: >$2 - verage: 510 - 52 - tron : <$1 {average) (average)
5220K/15K AF $253K/15K AF
Cotlateraf: Security for the loan will remain a pledge of assessment revenues backed by a
rate covenant and the undivided one hundred percent (100%) interest in the Sanchez Dam and
Reservoir and alt appurtenant structures thereto, induding all lands an which these facilities
are located. This is in compliance with the CWCS Financiat Policy #5 (Coliateral).
cc: Keith Caldon, President, Sanchez Ditch and Reservoir Company
Jennifer Mele, Colorado Attorney General's Office
Attachments: WaEer Project Loan Program - Project Data Sheet
Original Board Memo (updated October 4, 2012}
Change to Existing Loan Memo {updated July 18, 2014j