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<br />. <br /> <br />. <br /> <br />. <br /> <br />Proposed Financing <br /> <br />The total estimated cost of the project is now $9,200,000. <br />This includes $1,281,000 for the acquisition of 414 acres of land <br />for right-of-way around the reservoir. The proposed financing <br />for the project is as follows: <br /> <br />City of Broomfield funds <br />CWCB loans (already authorized by HB 1102) <br /> <br />$4,600,000 <br />$2,156,000 <br /> <br />Additional CWCB loan <br />(to be repaid by user charges) <br /> <br />$2,444,000 <br />$9,200,000 <br /> <br />Total <br /> <br />Under this financing arrangement Broomfield would have to repay <br />the CWCB, at five percent interest, $268,088 per year for 40 <br />years for a total of $10,723,520. <br /> <br />Recommendation <br /> <br />The Board recommends that the General Assembly amend the <br />authorization for the project to reflect the terms of the <br />proposed financing specified above. <br /> <br />FMA/bj <br /> <br />-2- <br />