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<br /> - <br />. <br />. <br /> e North Poudre Irrigation Company <br /> North Poudre Storage Reservoir #6 <br /> The following table identifies the options available to the Board and the district. <br /> Amount Interest Term Annual Total Cost/ <br /> $ Rate % Years Payment Repayment share <br /> 1,800,000 1 40 $54,820 $2,192,803 $5.48 <br /> 1,800,000 2 40 $65,800 $2,632,013 $6.58 <br /> 1,800,000 3 40 $77,872 $3,114,891 $7.78 <br /> 1,800,000 4 40 $90,942 $3,637,691 $9.09 <br /> 1,800,000 5 40 $104,900 $4,196,027 $10.99 <br /> The company is requesting a 100% construction cost loan in the amount of $1,800,000 <br /> at 2 percent interest for 40 years. The company would repay this amount at $65,800/year <br /> . for a total repayment of $2,632,013. The annual investment would increase by $6.58/share. <br /> Recommendation <br /> It is recommended that this project be authorized by the General Assembly in the <br /> amount of $1,800,000 subject to the proposed terms of financing set forth above and subject <br /> to the company demonstrating to the Board's satisfaction that it can repay the loan. <br /> GKE/gl <br /> g10163.rpt <br /> . <br />