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• <br /> The Fund Requirement Schedule shows the funds required by the Tow n o f <br /> Windsor and the CWCB to complete the project. In 2013 and 2014, funds will <br /> be required to purchase the infrastructure and complete the <br /> s t o rag e fa ci lit y. In 2015 funds will be required for the purchase of water. <br /> From 2014 through 2034, the payment required from the CWCB is the annual <br /> payment for the CWCB Loan. <br /> Table 16- Fund Requirement Schedule <br /> (JiOi 14-91Y 7 Total Town of <br /> $47411 Funds CWCB Windsor <br /> 410 V, Year Required Loan _Share-- <br /> 2013-2014 $5,300,000 $4,500,000 ' $800,000 <br /> 2015 $1,000,000 $0 $1,00.0,000 <br /> 2014-2034 $295,523 $0 $225,523 '"boS?c <br /> Total $4,500,000 ( $2,095,523 <br /> FINANCIAL ANALYSIS l� <br /> The Town of Windsor proposes apply for a loan amount $4.5 million from the CWCB <br /> with a 20-year repayment p r'od and an interest rate of 2.75%. The remaining portion <br /> of the project cost of$1.8 million will be funded by the Town of Windsor Water <br /> Enterprise cash reserves. <br /> The financial summary provides a summary of the project costs, loan amounts, loan <br /> payments, and cost per acre-foot (ac-ft) of water. <br /> Table 17 - Financial Summary <br /> Total Funds <br /> Item Required <br /> Estimated Project Cost $6,300,000 <br /> CWCB Loan Amount $4,500,000 <br /> Loan Interest Rate 2.75% <br /> Loan Duration 20 years <br /> CWCB Interest $1,410,456 <br /> Project Cost Including Interest $7,710,456 <br /> Annual CWCB Loan Payment $295,523 <br /> Total Storage in acre-feet 172 <br />