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Grand Mesa Water Conservancy District <br />May 17-18, 2017 Board Meeting {Updated May 19, 2017) <br />Page 3 of A <br />TAB�E 1: COST ESTIMATES <br />Agenda Item 28b <br />Original Cost to Date Estimated Cost Total <br />Estimate to Complete <br />TotatProject Cost $640,000 5295,666 �347,840 $723,471 <br />Peak Reservair (Total} $264,000 5234,99Q SZ34,990 <br />Engrneering $61,978 - $b1,978 <br />Permitting 522,979 • 522,979 <br />Construction S150,033 - �150,433 <br />Btanche Park Reservoir {Total) $38Q,OQ0 $14D,b41 5347,840 � $488,481 <br />Engineering $113,942 544,240 $158,182 <br />Permitting SZ6,699 $5,000 531,b99 <br />Construction SO 5267,000 5267,000 <br />Contingency $3i ,b00 53'I ,600 <br />Financial Analysis <br />The District's blended interest rate will remain 1.5596 for a 20-year term. See Table 2 for an updated <br />financial summary. <br />TASLE 2: FINANtIAL SUMMARY <br />Original Approvat Current Request <br />Total Project Cost 5640,Oa0 5723,471 <br />Borrower Contribution $352,5Q0 $348,471 <br />WSRF Gunnison Basin Grant (Approved in March 2011 y $75,000 - <br />CWCB Loan Amount 5225,000 5300,000 <br />CWCB Loan Amount (with Service Fee} $227,250 $303,000 <br />CWCB Annual i�oan Payment $13,300 517,736 <br />CWCB Annual Loan qbligation (1St Ten Years) 514,630 519,509 <br />Project Cost per AF �based on 155 AF of added storage} $4,129 �4,b68 <br />treditworthiness: The District has no other existing debt. <br />